XML 77 R51.htm IDEA: XBRL DOCUMENT v3.6.0.2
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2016
Long-term Debt, Unclassified [Abstract]  
Long term Debt
At December 31,
2016 Weighted-
average
Coupon(1)

2016

2015

(millions, except percentages)
 

 

 

Dominion Gas Holdings, LLC:
 
 
 
Unsecured Senior Notes:
 
 
 
1.05% to 2.8%, due 2016 to 2020
2.68
%
$
1,150

$
1,550

2.875% to 4.8%, due 2023 to 2044(2)
3.90
%
2,413

1,750

Dominion Gas Holdings, LLC total principal
 

$
3,563

$
3,300

Securities due within one year



(400
)
Unamortized discount and debt issuance costs
 
(35
)
(31
)
Dominion Gas Holdings, LLC total long-term debt
 
$
3,528

$
2,869

Virginia Electric and Power Company:
 

 

 

Unsecured Senior Notes:
 

 

 

1.2% to 8.625%, due 2016 to 2019
4.93
%
$
1,804

$
2,261

2.75% to 8.875%, due 2022 to 2046
4.59
%
7,940

6,292

Tax-Exempt Financings(3):
 

 

 

Variable rates, due 2016 to 2027
1.22
%
175

194

1.75% to 5.6%, due 2023 to 2041
2.25
%
678

678

Virginia Electric and Power Company total principal
 

$
10,597

$
9,425

Securities due within one year
5.47
%
(678
)
(476
)
Unamortized discount, premium and debt issuances costs, net
 
(67
)
(57
)
Virginia Electric and Power Company total long-term debt
 
$
9,852

$
8,892

Dominion Resources, Inc.:
 

 

 

Unsecured Senior Notes:
 

 

 

Variable rate, due 2016


$

$
600

1.25% to 6.4%, due 2016 to 2021
2.83
%
5,400

3,900

2.75% to 7.0%, due 2022 to 2044
4.68
%
4,999

4,599

Tax-Exempt Financing, variable rate, due 2041
1.41
%
75

75

Unsecured Junior Subordinated Notes:






2.962% and 4.104%, due 2019 and 2021
3.53
%
1,100


Payable to Affiliated Trust, 8.4% due 2031
8.40
%
10

10

Enhanced Junior Subordinated Notes:
 
 
 
5.25% to 7.5%, due 2054 to 2076
5.48
%
1,485

971

Variable rates, due 2066
3.45
%
422

377

Remarketable Subordinated Notes, 1.07% to 2.0%, due 2019 to 2024
1.79
%
2,400

2,100

Unsecured Debentures and Senior Notes:
 

 

 

6.8% and 6.875%, due 2026 and 2027(4)
6.81
%
89

89

Term Loan, variable rate, due 2017(5)
1.85
%
250


Unsecured Senior and Medium-Term Notes(5):
 
 
 
5.31% to 6.85%, due 2017 and 2018
5.84
%
135


2.98% to 7.20%, due 2024 to 2051
4.57
%
500


Term Loan, variable rate, due 2023(6)
4.75
%
405


Tax-Exempt Financing, 1.55%, due 2033(7)
1.55
%
27

27

Dominion Midstream Partners, LP:
 
 
 
Term Loan, variable rate, due 2019
2.19
%
300


Unsecured Senior and Medium-Term Notes, 5.83% and 6.48%, due 2018(8)
5.84
%
255


Unsecured Senior Notes, 4.875%, due 2041(8)
4.88
%
180


Dominion Gas Holdings, LLC total principal (from above)
 
3,563

3,300

Virginia Electric and Power Company total principal (from above)


10,597

9,425

Dominion Resources, Inc. total principal
 
$
32,192

$
25,473

Fair value hedge valuation(9)
 

(1
)
7

Securities due within one year(10)
3.13
%
(1,709
)
(1,825
)
Unamortized discount, premium and debt issuance costs, net
 
(251
)
(187
)
Dominion Resources, Inc. total long-term debt
 
$
30,231

$
23,468

(1)
Represents weighted-average coupon rates for debt outstanding as of December 31, 2016.
(2)
Beginning June 30, 2016, amount includes foreign currency remeasurement adjustments.
(3)
These financings relate to certain pollution control equipment at Virginia Power's generating facilities. Certain variable rate tax-exempt financings are supported by a $100 million credit facility that terminates in April 2020.
(4)
Represents debt assumed by Dominion from the merger of its former CNG subsidiary.
(5)
Represents debt obligations of Dominion Questar or Dominion Gas. See Note 3 for more information.
(6)
Represents debt associated with SBL Holdco. The debt is nonrecourse to Dominion and is secured by SBL Holdco's interest in certain merchant solar facilities.
(7)
Represents debt obligations of a DEI subsidiary.
(8)
Represents debt obligations of Questar Pipeline. See Note 3 for more information.
(9)
Represents the valuation of certain fair value hedges associated with Dominion's fixed rate debt.
(10)
2015 excludes $100 million of variable rate short-term notes that were purchased and cancelled in February 2016 using proceeds from the issuance of long-term debt.  The notes would have otherwise matured in May 2016
Scheduled principal payments of long-term debt
Based on stated maturity dates rather than early redemption dates that could be elected by instrument holders, the scheduled principal payments of long-term debt at December 31, 2016, were as follows:
 
 
2017

2018

2019

2020

2021

Thereafter

Total

(millions, except percentages)
 
 
 
 
 
 
 
Dominion Gas
$

$

$
450

$
700

$

$
2,413

$
3,563

Weighted-average Coupon




2.50
%
2.80
%


3.90
%
 
 
 
 
 
 
 
 
 
Virginia Power














Unsecured Senior Notes
$
604

$
850

$
350

$

$

$
7,940

$
9,744

Tax-Exempt Financings
75





778

853

Total
$
679

$
850

$
350

$

$

$
8,718

$
10,597

Weighted-average Coupon
5.47
%
4.17
%
5.00
%




4.37
%
 
 
 
 
 
 
 
 
 
Dominion
 

 

 

 

 

 

 

Term Loans
$
268

$
20

$
321

$
19

$
19

$
308

$
955

Unsecured Senior Notes (including Medium-Term Notes)
1,368

3,275

2,500

700

900

16,122

24,865

Tax-Exempt Financings
75





880

955

Unsecured Junior Subordinated Notes Payable to Affiliated Trusts





10

10

Unsecured Junior Subordinated Notes


550


550


1,100

Enhanced Junior Subordinated Notes





1,907

1,907

Remarketable Subordinated Notes



1,000

700

700

2,400

Total
$
1,711

$
3,295

$
3,371

$
1,719

$
2,169

$
19,927

$
32,192

Weighted-average Coupon
3.13
%
3.62
%
3.09
%
2.07
%
3.12
%
4.38
%
 


Schedule of Capital Units
Selected information about Dominion's Equity Units is presented below:
Issuance Date
Units Issued
Total Net Proceeds

Total Long-term Debt

RSN Annual Interest Rate

 
Stock Purchase Contract Annual Rate

Stock Purchase Contract Liability(1)

Stock Purchase Settlement Date
RSN Maturity Date
(millions, except interest rates)
 
 
 
 
 
 
 
7/1/2014
20
$
982.0

$
1,000.0

1.500
%
 
4.875
%
$
142.8

7/1/2017
7/1/2020
8/15/2016(2)
28
$
1,374.8

$
1,400.0

2.000
%
(3) 
4.750
%
$
190.6

8/15/2019
 
(1)
Payments of $94 million and $101 million were made in 2016 and 2015, respectively, including payments for the remarketed 2013 Series A and B notes. The stock purchase contract liability was $212 million and $115 million at December 31, 2016 and 2015, respectively.
(2)
The maturity dates of the $700 million Series A-1 RSNs and $700 million Series A-2 RSNs are August 15, 2021 and August 15, 2024, respectively.
(3)
Annual interest rate applies to each of the Series A-1 RSNs and Series A-2 RSNs.