Investments (Tables)

6 Months Ended

Jun. 30, 2017

Gain (Loss) on Investments [Line Items]

Dominion Energy’s decommissioning trust funds are summarized below:

	Amortized Cost		Total Unrealized Gains⁽¹⁾		Total Unrealized Losses⁽¹⁾				Fair Value
(millions)
June 30, 2017
Marketable equity securities:
U.S.	$	1,548	$	1,548	$	—			$	3,096
Fixed income:
Corporate debt instruments		465		17		(1	)			481
Government securities		1,007		28		(4	)			1,031
Common/collective trust funds		46		—		—				46
Cost method investments		71		—		—				71
Cash equivalents and other⁽²⁾		10		—		—				10
Total	$	3,147	$	1,593	$	(5	)	⁽³⁾	$	4,735
December 31, 2016
Marketable equity securities:
U.S.	$	1,449	$	1,408	$	—			$	2,857
Fixed income:
Corporate debt instruments		478		13		(4	)			487
Government securities		978		22		(8	)			992
Common/collective trust funds		67		—		—				67
Cost method investments		69		—		—				69
Cash equivalents and other⁽²⁾		12		—		—				12
Total	$	3,053	$	1,443	$	(12	)	⁽³⁾	$	4,484

(1)	Included in AOCI and the nuclear decommissioning trust regulatory liability.

(2)	Includes net pending sales of securities of $7 million and $9 million at June 30, 2017 and December 31, 2016, respectively.

(3)	The fair value of securities in an unrealized loss position was $457 million and $576 million at June 30, 2017 and December 31, 2016, respectively.

Investments Classified by Contractual Maturity Date

The fair value of Dominion Energy’s marketable debt securities held in nuclear decommissioning trust funds at June 30, 2017 by contractual maturity is as follows:

	Amount
(millions)
Due in one year or less	$	149
Due after one year through five years		448
Due after five years through ten years		362
Due after ten years		599
Total	$	1,558

Marketable Securities

Presented below is selected information regarding Dominion Energy’s marketable equity and debt securities held in nuclear decommissioning trust funds.

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
(millions)
Proceeds from sales	$	363	$	341	$	1,119	$	709
Realized gains⁽¹⁾		23		37		117		62
Realized losses⁽¹⁾		16		15		36		34

(1)	Includes realized gains and losses recorded to the nuclear decommissioning trust regulatory liability.

Virginia Electric and Power Company

Gain (Loss) on Investments [Line Items]

Available-For-Sale Securities

Virginia Power’s decommissioning trust funds are summarized below:

	Amortized Cost		Total Unrealized Gains⁽¹⁾		Total Unrealized Losses⁽¹⁾				Fair Value
(millions)
June 30, 2017
Marketable equity securities:
U.S.	$	724	$	688	$	—			$	1,412
Fixed income:
Corporate debt instruments		252		8		(1	)			259
Government securities		447		14		(2	)			459
Common/collective trust funds		16		—		—				16
Cost method investments		70		—		—				70
Cash equivalents and other⁽²⁾		7		—		—				7
Total	$	1,516	$	710	$	(3	)	⁽³⁾	$	2,223
December 31, 2016
Marketable equity securities:
U.S.	$	677	$	624	$	—			$	1,301
Fixed income:
Corporate debt instruments		274		6		(4	)			276
Government securities		420		9		(2	)			427
Common/collective trust funds		26		—		—				26
Cost method investments		69		—		—				69
Cash equivalents and other⁽²⁾		7		—		—				7
Total	$	1,473	$	639	$	(6	)	⁽³⁾	$	2,106

(1)	Included in AOCI and the nuclear decommissioning trust regulatory liability.

(2)	Includes pending sales of securities of $7 million at both June 30, 2017 and December 31, 2016.

(3)	The fair value of securities in an unrealized loss position was $219 million and $287 million at June 30, 2017 and December 31, 2016, respectively.

Investments Classified by Contractual Maturity Date

The fair value of Virginia Power’s marketable debt securities held in nuclear decommissioning trust funds at June 30, 2017 by contractual maturity is as follows:

	Amount
(millions)
Due in one year or less	$	48
Due after one year through five years		209
Due after five years through ten years		182
Due after ten years		295
Total	$	734

Marketable Securities

Presented below is selected information regarding Virginia Power’s marketable equity and debt securities held in nuclear decommissioning trust funds.

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
(millions)
Proceeds from sales	$	168	$	154	$	498	$	347
Realized gains⁽¹⁾		10		18		55		30
Realized losses⁽¹⁾		8		7		18		17

(1)	Includes realized gains and losses recorded to the nuclear decommissioning trust regulatory liability.

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details