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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Revenue $ 11,737 $ 11,683 $ 12,436
Operating Expenses      
Electric fuel and other energy-related purchases 2,333 2,725 3,400
Purchased electric capacity 99 330 361
Purchased gas 459 551 1,355
Other operations and maintenance 3,064 2,595 2,765
Depreciation, depletion and amortization 1,559 1,395 1,292
Other taxes 596 551 542
Total operating expenses 8,110 8,147 9,715
Income from operations 3,627 3,536 2,721
Earnings from equity method investee 111 56 46
Other income 250 196 250
Interest and related charges 1,010 904 1,193
Income from operations including noncontrolling interests before income taxes 2,867 2,828 1,778
Income tax expense 655 905 452
Net income including noncontrolling interests 2,212 1,923 1,326
Noncontrolling interests 89 24 16
Net income attributable to Dominion 2,123 1,899 1,310
Balance available for common stock $ 2,212 $ 1,923 $ 1,326
Earnings Per Common Share      
Net income attributable to Dominion- Basic (in dollars per share) $ 3.44 $ 3.21 $ 2.25
Net income attributable to Dominion - Diluted (in dollars per share) 3.44 3.20 2.24
Dividends declared per common share $ 2.80 $ 2.59 $ 2.40
Virginia Electric and Power Company      
Operating Revenue [1] $ 7,588 $ 7,622 $ 7,579
Operating Expenses      
Electric fuel and other energy-related purchases [1] 1,973 2,320 2,406
Purchased electric capacity 99 330 360
Affiliated suppliers 310 279 286
Other 1,547 1,355 1,630
Depreciation, depletion and amortization 1,025 953 915
Other taxes 284 264 258
Total operating expenses 5,238 5,501 5,855
Income from operations 2,350 2,121 1,724
Other income 56 68 93
Interest and related charges 461 443 411
Income from operations including noncontrolling interests before income taxes 1,945 1,746 1,406
Income tax expense 727 659 548
Net income attributable to Dominion 1,218 1,087 858
Preferred dividends [2] 0 0 13
Balance available for common stock 1,218 1,087 845
Dominion Gas Holdings, LLC      
Operating Revenue [3] 1,638 1,716 1,898
Operating Expenses      
Purchased gas [3] 109 133 315
Other energy-related purchases [3] 12 21 40
Affiliated suppliers 81 64 64
Other [3],[4] 393 326 274
Depreciation, depletion and amortization 204 217 197
Other taxes 170 166 157
Total operating expenses 969 927 1,047
Income from operations 669 789 851
Earnings from equity method investee 21 23 21
Other income 11 1 1
Interest and related charges [3] 94 73 27
Income from operations including noncontrolling interests before income taxes 607 740 846
Income tax expense 215 283 334
Net income attributable to Dominion $ 392 $ 457 $ 512
[1] See Note 24 for amounts attributable to affiliates.
[2] Includes $2 million associated with the write-off of issuance expenses related to the redemption of Virginia Power's preferred stock in 2014. See Note 18 for additional information.
[3] See Note 24 for amounts attributable to related parties.
[4] Includes a gain on the sale of assets to a related party of $59 million in 2014. See Note 9 for more information.