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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Revenue $ 3,384 $ 2,921
Operating Expenses    
Electric fuel and other energy-related purchases 575 634
Purchased (excess) electric capacity (17) 68
Purchased gas 305 119
Other operations and maintenance 738 703
Depreciation, depletion and amortization 469 351
Other taxes 189 164
Total operating expenses 2,259 2,039
Income from operations 1,125 882
Other income 116 54
Interest and related charges 292 226
Income from operations including noncontrolling interests before income tax expense 949 710
Income tax expense 275 179
Net Income Including Noncontrolling Interests 674 531
Noncontrolling Interests 42 7
Net Income Attributable to Dominion $ 632 $ 524
Earnings Per Common Share    
Net income attributable to Dominion - Basic (in dollars per share) $ 1.01 $ 0.88
Net income attributable to Dominion - Diluted (in dollars per share) 1.01 0.88
Dividends Declared Per Common Share (dollars per share) $ 0.755 $ 0.7000
Virginia Electric and Power Company    
Operating Revenue [1] $ 1,831 $ 1,890
Operating Expenses    
Electric fuel and other energy-related purchases [1] 456 536
Purchased (excess) electric capacity (17) 68
Affiliated suppliers 78 101
Other 296 349
Depreciation, depletion and amortization 286 248
Other taxes 79 74
Total operating expenses 1,178 1,376
Income from operations 653 514
Other income 31 16
Interest and related charges [1] 120 114
Income from operations including noncontrolling interests before income tax expense 564 416
Income tax expense 208 153
Net Income Attributable to Dominion 356 263
Dominion Gas Holdings, LLC    
Operating Revenue [2] 490 431
Operating Expenses    
Purchased gas [2] 43 34
Other energy-related purchases 5 3
Affiliated suppliers 25 27
Other 133 97
Depreciation, depletion and amortization 54 43
Other taxes 54 52
Total operating expenses 314 256
Income from operations 176 175
Earnings from equity method investee 7 6
Other income 5 0
Interest and related charges [2] 23 22
Income from operations including noncontrolling interests before income tax expense 165 159
Income tax expense 57 61
Net Income Attributable to Dominion $ 108 $ 98
[1] See Note 17 for amounts attributable to affiliates.
[2] See Note 17 for amounts attributable to related parties.