Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current Assets    
Cash and cash equivalents $ 162 $ 102 [1]
Customer receivables (less allowance for doubtful accounts) 1,494 1,780 [1]
Other receivables (less allowance for doubtful accounts) 184 255 [1]
Inventories 1,251 1,348 [1]
Derivative assets 661 705 [1]
Other 960 1,240 [1]
Total current assets 4,712 5,430 [1]
Investments    
Nuclear decommissioning trust funds 3,186 2,999 [1]
Investment in equity method affiliates 537 553 [1]
Restricted cash equivalents 70 141 [1]
Other 305 292 [1]
Total investments 4,098 3,985 [1]
Property, Plant and Equipment    
Property, plant and equipment 43,732 42,033 [1]
Property, plant and equipment, VIE 957 957 [1]
Accumulated depreciation, depletion and amortization (13,768) (13,320) [1]
Total property, plant and equipment, net 30,921 29,670 [1]
Deferred Charges and Other Assets    
Goodwill 3,141 3,141 [1]
Regulatory assets 1,328 1,382 [1]
Other 2,216 2,006 [1]
Total deferred charges and other assets 6,685 6,529 [1]
Total assets 46,416 45,614 [1]
Current Liabilities    
Securities due within one year 2,141 1,479 [1]
Short-term debt 1,530 1,814 [1]
Accounts payable 917 1,250 [1]
Derivative liabilities 752 951 [1]
Other 1,466 1,468 [1]
Total current liabilities 6,806 6,962 [1]
Long-Term Debt    
Long-term debt 14,497 14,785 [1]
Long-term debt, VIE 875 890 [1]
Junior subordinated notes payable to affiliates 268 268 [1]
Enhanced junior subordinated notes 1,363 1,451 [1]
Total long-term debt 17,003 17,394 [1]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 6,026 5,216 [1]
Asset retirement obligations 1,405 1,383 [1]
Regulatory liabilities 1,436 1,324 [1]
Other 1,530 1,575 [1]
Total deferred credits and other liabilities 10,397 9,498 [1]
Total liabilities 34,206 33,854 [1]
Commitments and Contingencies (see Note 14)       [1]
Subsidiary Preferred Stock Not Subject to Mandatory Redemption 257 257 [1]
Equity    
Common stock - no par 5,351 [2] 5,180 [1],[2]
Other paid-in capital 153 179 [1]
Retained earnings 6,847 6,697 [1]
Accumulated other comprehensive income (loss) (455) (610) [1]
Total common shareholders' equity 11,896 11,446 [1]
Noncontrolling interest 57 57 [1]
Total equity 11,953 11,503 [1]
Total liabilities and equity 46,416 45,614 [1]
Virginia Electric and Power Company
    
Current Assets    
Cash and cash equivalents 27 29 [3]
Customer receivables (less allowance for doubtful accounts) 879 892 [3]
Other receivables (less allowance for doubtful accounts) 129 145 [3]
Inventories 756 797 [3]
Prepayments 86 41 [3]
Other 270 532 [3]
Total current assets 2,147 2,436 [3]
Investments    
Nuclear decommissioning trust funds 1,451 1,370 [3]
Other 14 36 [3]
Total investments 1,465 1,406 [3]
Property, Plant and Equipment    
Property, plant and equipment 29,519 28,626 [3]
Accumulated depreciation, depletion and amortization (9,872) (9,615) [3]
Total property, plant and equipment, net 19,647 19,011 [3]
Deferred Charges and Other Assets    
Intangible assets 188 183 [3]
Regulatory assets 363 399 [3]
Other 82 109 [3]
Total deferred charges and other assets 633 691 [3]
Total assets 23,892 23,544 [3]
Current Liabilities    
Securities due within one year 1,017 616 [3]
Short-term debt 465 894 [3]
Accounts payable 362 405 [3]
Payables to affiliates 80 108 [3]
Affiliated current borrowings 187 187 [3]
Accrued interest, payroll and taxes 205 226 [3]
Other 562 685 [3]
Total current liabilities 2,878 3,121 [3]
Long-Term Debt    
Total long-term debt 6,285 6,246 [3]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 3,487 3,180 [3]
Asset retirement obligations 635 624 [3]
Regulatory liabilities 1,204 1,095 [3]
Other 252 271 [3]
Total deferred credits and other liabilities 5,578 5,170 [3]
Total liabilities 14,741 14,537 [3]
Commitments and Contingencies (see Note 14)       [3]
Subsidiary Preferred Stock Not Subject to Mandatory Redemption 257 257 [3]
Equity    
Common stock - no par 5,738 [4] 5,738 [3],[4]
Other paid-in capital 1,112 1,111 [3]
Retained earnings 2,021 1,882 [3]
Accumulated other comprehensive income (loss) 23 19 [3]
Total common shareholders' equity 8,894 8,750 [3]
Total liabilities and equity $ 23,892 $ 23,544 [3]
[1] Dominion’s Consolidated Balance Sheet at December 31, 2011 has been derived from the audited Consolidated Financial Statements at that date.
[2] 1 billion shares authorized; 573 million shares and 570 million shares outstanding at June 30, 2012 and December 31, 2011, respectively.
[3] Virginia Power’s Consolidated Balance Sheet at December 31, 2011 has been derived from the audited Consolidated Financial Statements at that date.
[4] 500,000 shares authorized; 274,723 shares outstanding at June 30, 2012 and December 31, 2011.