Quarterly Financial and Common Stock Data (Unaudited)

12 Months Ended

Dec. 31, 2012

Selected Quarterly Financial Information [Abstract]

Quarterly Financial and Common Stock Data (Unaudited)

QUARTERLY FINANCIAL AND COMMON STOCK DATA (UNAUDITED)

A summary of Dominion's and Virginia Power's quarterly results of operations for the years ended December 31, 2012 and 2011 follows. Amounts reflect all adjustments necessary in the opinion of management for a fair statement of the results for the interim periods. Results for interim periods may fluctuate as a result of weather conditions, changes in rates and other factors.

DOMINION



	First Quarter⁽²⁾			Second Quarter			Third Quarter			Fourth Quarter			Full Year
(millions, except per share amounts)
2012
Operating revenue	$	3,462		$	3,053		$	3,411		$	3,167		$	13,093
Income (loss) from operations	913			617			518			(892		)	1,156
Net income (loss) including noncontrolling interests	501			265			215			(652		)	329
Income (loss) from continuing operations⁽¹⁾	493			276			214			(659		)	324
Income (loss) from discontinued operations⁽¹⁾	1			(18		)	(5		)	—			(22		)
Net income (loss) attributable to Dominion	494			258			209			(659		)	302
Basic EPS:
Income (loss) from continuing operations⁽¹⁾	0.86			0.48			0.37			(1.15		)	0.57
Income (loss) from discontinued operations⁽¹⁾	—			(0.03		)	(0.01		)	—			(0.04		)
Net income (loss) attributable to Dominion	0.86			0.45			0.36			(1.15		)	0.53
Diluted EPS:
Income (loss) from continuing operations⁽¹⁾	0.86			0.48			0.37			(1.15		)	0.57
Loss from discontinued operations⁽¹⁾	—			(0.03		)	(0.01		)	—			(0.04		)
Net income (loss) attributable to Dominion	0.86			0.45			0.36			(1.15		)	0.53
Dividends declared per share	0.5275			0.5275			0.5275			0.5275			2.11
Common stock prices (intraday high-low)	$53.68 - 48.87			$54.69 - 49.87			$55.62 - 52.15			$53.89 - 48.94			$55.62 - 48.87

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Full Year
2011⁽²⁾
Operating revenue	$	3,983		$	3,288		$	3,745		$	3,129		$	14,145
Income from operations	993			733			828			340			2,894
Net income including noncontrolling interests	483			340			396			207			1,426
Income from continuing operations⁽¹⁾	504			341			388			200			1,433
Income (loss) from discontinued operations⁽¹⁾	(25		)	(5		)	4			1			(25		)
Net income attributable to Dominion	479			336			392			201			1,408
Basic EPS:
Income from continuing operations⁽¹⁾	0.87			0.59			0.68			0.35			2.50
Income (loss) from discontinued operations⁽¹⁾	(0.04		)	(0.01		)	0.01			—			(0.04		)
Net income attributable to Dominion	0.83			0.58			0.69			0.35			2.46
Diluted EPS:
Income from continuing operations⁽¹⁾	0.86			0.59			0.68			0.35			2.49
Income (loss) from discontinued operations⁽¹⁾	(0.04		)	(0.01		)	0.01			—			(0.04		)
Net income attributable to Dominion	0.82			0.58			0.69			0.35			2.45
Dividends declared per share	0.4925			0.4925			0.4925			0.4925			1.97
Common stock prices (intraday high-low)	$46.56 - 42.06			$48.55 - 43.27			$51.44 - 44.50			$53.59 - 48.21			$53.59 - 42.06


(1)	Amounts attributable to Dominion's common shareholders.


(2)	Revenue and income amounts have been recast to reflect Salem Harbor and State Line as discontinued operations, as discussed in Note 3.

Dominion's 2012 results include the impact of the following significant items:


•	Fourth quarter results include a $1.0 billion after-tax impairment charge to write down Brayton Point’s and Kincaid's long-lived assets to their estimated fair value.


•	Third quarter results include a $281 million after-tax net loss, including impairment charges, primarily resulting from management's decision to cease operations and begin decommissioning Kewaunee in 2013.

Dominion's 2011 results include the impact of the following significant item:


•	Fourth quarter results include a $139 million after-tax charge reflecting plant balances that are not expected to be recovered in future periods due to the anticipated retirement of certain utility coal-fired generating units.

VIRGINIA POWER

Virginia Power's quarterly results of operations were as follows:



	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Year
(millions)
2012
Operating revenue	$	1,754	$	1,756	$	2,086	$	1,630	$	7,226
Income from operations	468		361		746		417		1,992
Net income	243		172		415		220		1,050
Balance available for common stock	239		168		411		216		1,034
2011
Operating revenue	$	1,757	$	1,757	$	2,177	$	1,555	$	7,246
Income from operations	511		471		568		55		1,605
Net income	278		241		297		6		822
Balance available for common stock	274		237		293		1		805

Virginia Power's 2012 results include the impact of the following significant item:


•	Second quarter results include a $42 million after-tax charge reflecting restoration costs associated with damage caused by late June summer storms.

Virginia Power's 2011 results include the impact of the following significant item:


•	Fourth quarter results include a $139 million after-tax charge reflecting plant balances that are not expected to be recovered in future periods due to the anticipated retirement of certain coal-fired power stations.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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