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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 260 $ 261 [1]
Customer receivables (less allowance for doubtful accounts) 1,242 1,523 [1]
Other receivables (less allowance for doubtful accounts) 153 183 [1]
Inventories 1,469 1,524 [1]
Other 787 757 [1]
Total current assets 3,911 4,248 [1]
Investments    
Nuclear decommissioning trust funds 4,735 4,484 [1]
Investment in equity method affiliates 1,808 1,561 [1]
Other 315 298 [1]
Total investments 6,858 6,343 [1]
Property, Plant and Equipment    
Property, plant and equipment 72,163 69,556 [1]
Accumulated depreciation, depletion and amortization (20,415) (19,592) [1]
Total property, plant and equipment, net 51,748 49,964 [1]
Deferred Charges and Other Assets    
Goodwill 6,399 6,399 [1]
Regulatory assets 2,487 2,473 [1]
Other 2,499 2,183 [1]
Total deferred charges and other assets 11,385 11,055 [1]
Total assets 73,902 71,610 [1]
Current Liabilities    
Securities due within one year 4,050 1,709 [1]
Short-term debt 2,833 3,155 [1]
Accounts payable 695 1,000 [1]
Accrued interest, payroll and taxes 725 798 [1]
Regulatory liabilities 106 163 [1]
Other 1,093 1,290 [1]
Total current liabilities 9,502 8,115 [1]
Long-Term Debt    
Long-term debt 24,799 24,878 [1]
Junior subordinated notes 3,980 2,980 [1]
Remarketable subordinated notes 1,376 2,373 [1]
Total long-term debt 30,155 30,231 [1]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 9,099 8,602 [1]
Regulatory liabilities 2,803 2,622 [1]
Other 5,138 5,200 [1]
Total deferred credits and other liabilities 17,040 16,424 [1]
Total liabilities 56,697 54,770 [1]
Commitments and Contingencies [1]
Equity    
Common stock – no par [2] 8,717 8,550 [1]
Retained earnings 6,938 6,854 [1]
Accumulated other comprehensive loss (682) (799) [1]
Total common shareholders' equity 14,973 14,605 [1]
Noncontrolling interests 2,232 2,235 [1]
Total equity 17,205 16,840 [1]
Total liabilities and equity 73,902 71,610 [1]
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents 44 11 [3]
Customer receivables (less allowance for doubtful accounts) 840 892 [3]
Other receivables (less allowance for doubtful accounts) 56 99 [3]
Affiliated receivables 61 112 [3]
Inventories 834 853 [3]
Other [4] 312 281 [3]
Total current assets 2,147 2,248 [3]
Investments    
Nuclear decommissioning trust funds 2,223 2,106 [3]
Other 3 3 [3]
Total investments 2,226 2,109 [3]
Property, Plant and Equipment    
Property, plant and equipment 41,189 40,030 [3]
Accumulated depreciation, depletion and amortization (12,931) (12,436) [3]
Total property, plant and equipment, net 28,258 27,594 [3]
Deferred Charges and Other Assets    
Pension and other postretirement benefit assets [4] 165 130 [3]
Regulatory assets 851 770 [3]
Other [4] 477 457 [3]
Total deferred charges and other assets 1,493 1,357 [3]
Total assets 34,124 33,308 [3]
Current Liabilities    
Securities due within one year 1,451 678 [3]
Short-term debt 416 65 [3]
Accounts payable 347 444 [3]
Payables to affiliates 106 109 [3]
Affiliated current borrowings 12 262 [3]
Accrued interest, payroll and taxes 263 239 [3]
Regulatory liabilities [5] 48 115
Other [4] 585 725 [3]
Total current liabilities 3,180 2,522 [3]
Long-Term Debt    
Total long-term debt 9,749 9,852 [3]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 5,277 5,103 [3]
Asset retirement obligations 1,283 1,262 [3]
Regulatory liabilities 2,115 1,962 [3]
Other [4] 828 742 [3]
Total deferred credits and other liabilities 9,503 9,069 [3]
Total liabilities 22,432 21,443 [3]
Commitments and Contingencies [3]
Equity    
Common stock – no par [6] 5,738 5,738 [3]
Other paid-in capital 1,113 1,113 [3]
Retained earnings 4,790 4,968 [3]
Accumulated other comprehensive loss 51 46 [3]
Total common shareholders' equity 11,692 11,865 [3]
Total liabilities and equity 34,124 33,308 [3]
Dominion Energy Gas Holdings, LLC    
Current Assets    
Cash and cash equivalents 4 23 [7]
Restricted cash 30 20 [7]
Customer receivables (less allowance for doubtful accounts) 203 281 [7]
Other receivables (less allowance for doubtful accounts) [8] 18 13 [7]
Affiliated receivables 26 17 [7]
Inventories 82 70 [7]
Gas imbalances [8] 89 37 [7]
Other [8] 112 121 [7]
Total current assets 564 582 [7]
Investments    
Total investments 99 99 [7]
Property, Plant and Equipment    
Property, plant and equipment 10,701 10,475 [7]
Accumulated depreciation, depletion and amortization (2,948) (2,851) [7]
Total property, plant and equipment, net 7,753 7,624 [7]
Deferred Charges and Other Assets    
Pension and other postretirement benefit assets [8] 1,677 1,557 [7]
Regulatory assets [9] 528 577
Other [8] 1,263 1,280 [7]
Total deferred charges and other assets 2,940 2,837 [7]
Total assets 11,356 11,142 [7]
Current Liabilities    
Short-term debt 615 460 [7]
Accounts payable 118 221 [7]
Payables to affiliates 18 29 [7]
Affiliated current borrowings 24 118 [7]
Accrued interest, payroll and taxes 174 225 [7]
Regulatory liabilities [5] 47 35
Other [8] 163 162 [7]
Total current liabilities 1,112 1,215 [7]
Long-Term Debt    
Total long-term debt 3,553 3,528 [7]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 2,557 2,438 [7]
Regulatory liabilities [10] 246 219
Other [8] 423 425 [7]
Total deferred credits and other liabilities 2,980 2,863 [7]
Total liabilities 7,645 7,606 [7]
Commitments and Contingencies [7]
Equity    
Membership interests 3,831 3,659 [7]
Accumulated other comprehensive loss (120) (123) [7]
Total common shareholders' equity 3,711 3,536 [7]
Total liabilities and equity $ 11,356 $ 11,142 [7]
[1] Dominion Energy’s Consolidated Balance Sheet at December 31, 2016 has been derived from the audited Consolidated Balance Sheet at that date.
[2] 1 billion shares authorized; 630 million shares and 628 million shares outstanding at June 30, 2017 and December 31, 2016, respectively.
[3] Virginia Power’s Consolidated Balance Sheet at December 31, 2016 has been derived from the audited Consolidated Balance Sheet at that date.
[4] See Note 17 for amounts attributable to affiliates.
[5] Current regulatory liabilities are presented in other current liabilities in Virginia Power’s and Dominion Energy Gas’ Consolidated Balance Sheets.
[6] 500,000 shares authorized; 274,723 shares outstanding at June 30, 2017 and December 31, 2016.
[7] Dominion Energy Gas’ Consolidated Balance Sheet at December 31, 2016 has been derived from the audited Consolidated Balance Sheet at that date.
[8] See Note 17 for amounts attributable to related parties.
[9] Noncurrent regulatory assets are presented in other deferred charges and other assets in Dominion Energy Gas' Consolidated Balance Sheets.
[10] Noncurrent regulatory liabilities are presented in other deferred credits and other liabilities in Dominion Energy Gas' Consolidated Balance Sheets