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Quarterly Financial and Common Stock Data (Unaudited)
12 Months Ended
Dec. 31, 2016
Selected Quarterly Financial Information [Abstract]  
Quarterly Financial and Common Stock Data (Unaudited)
QUARTERLY FINANCIAL AND COMMON STOCK DATA (UNAUDITED)
A summary of the Companies' quarterly results of operations for the years ended December 31, 2016 and 2015 follows. Amounts reflect all adjustments necessary in the opinion of management for a fair statement of the results for the interim periods. Results for interim periods may fluctuate as a result of weather conditions, changes in rates and other factors.
Dominion
 
 
First
Quarter

Second
Quarter

Third
Quarter

Fourth
Quarter

Year

(millions, except per share amounts)
 
 
 
 
 
2016
 
 
 
 
 
Operating revenue
$
2,921

$
2,598

$
3,132

$
3,086

$
11,737

Income from operations
882

781

1,145

819

3,627

Net income including noncontrolling interests
531

462

728

491

2,212

Net income attributable to Dominion
524

452

690

457

2,123

Basic EPS:
 
 
 
 
 

Net income attributable to Dominion
0.88

0.73

1.10

0.73

3.44

Diluted EPS:
 
 
 
 
 

Net income attributable to Dominion
0.88

0.73

1.10

0.73

3.44

Dividends declared per share
0.7000

0.7000

0.7000

0.7000

2.8000

Common stock prices (intraday high-low)
$75.18 -
66.25

$77.93 -
68.71

$78.97 -
72.49

$77.32 -
69.51

$78.97 -
66.25

2015
 
 
 
 
 
Operating revenue
$
3,409

$
2,747

$
2,971

$
2,556

$
11,683

Income from operations
1,002

773

1,123

638

3,536

Net income including noncontrolling interests
540

418

599

366

1,923

Net income attributable to Dominion
536

413

593

357

1,899

Basic EPS:








 

Net income attributable to Dominion
0.91

0.70

1.00

0.60

3.21

Diluted EPS:








 

Net income attributable to Dominion
0.91

0.70

1.00

0.60

3.20

Dividends declared per share
0.6475

0.6475

0.6475

0.6475

2.5900

Common stock prices (intraday high-low)
$79.89 -
68.25

$74.34 -
66.52

$76.59 -
66.65

$74.88 -
64.54

$79.89 -
64.54



Dominion's 2016 results include the impact of the following significant item:
Fourth quarter results include a $122 million after-tax charge related to future ash pond and landfill closure costs at certain utility generation facilities.

There were no significant items impacting Dominion's 2015 quarterly results.

Virginia Power
Virginia Power's quarterly results of operations were as follows:
 
 
First
Quarter

Second
Quarter

Third
Quarter

Fourth
Quarter

Year

(millions)
 
 
 
 
 
2016
 
 
 
 
 
Operating revenue
$
1,890

$
1,776

$
2,211

$
1,711

$
7,588

Income from operations
514

553

914

369

2,350

Net income
263

280

503

172

1,218

2015
 

 

 

 

 

Operating revenue
$
2,137

$
1,813

$
2,058

$
1,614

$
7,622

Income from operations
525

481

741

374

2,121

Net income
269

246

385

187

1,087


 
Virginia Power's 2016 results include the impact of the following significant item:
Fourth quarter results include a $121 million after-tax charge related to future ash pond and landfill closure costs at certain utility generation facilities.

Virginia Power's 2015 results include the impact of the following significant items:
Fourth quarter results include a $32 million after-tax charge related to incremental future ash pond and landfill closure costs at certain utility generation facilities.
Second quarter results include a $28 million after-tax charge related to incremental future ash pond and landfill closure costs at certain utility generation facilities due to the enactment of the final CCR rule in April 2015.
First quarter results include a $52 million after-tax write-off of deferred fuel costs associated with Virginia legislation enacted in February 2015.

Dominion Gas
Dominion Gas' quarterly results of operations were as follows:
 
First
Quarter

Second
Quarter

Third
Quarter

Fourth
Quarter

Year

(millions)
 
 
 
 
 
2016
 
 
 
 
 
Operating revenue
$
431

$
368

$
382

$
457

$
1,638

Income from operations
175

186

133

175

669

Net income
98

105

83

106

392

2015
 

 

 

 

 

Operating revenue
$
531

$
395

$
365

$
425

$
1,716

Income from operations
271

153

202

163

789

Net income
161

85

111

100

457


 
There were no significant items impacting Dominion Gas' 2016 quarterly results.

Dominion Gas' 2015 results include the impact of the following significant items:
Third quarter results include a $29 million after-tax gain from an agreement to convey shale development rights underneath a natural gas storage field.
First quarter results include a $43 million after-tax gain from agreements to convey shale development rights underneath several natural gas storage fields.