Fair Value Measurements (Fair Value, Option, Quantitative Disclosures) (Details) $ in Millions | 3 Months Ended | |
Mar. 31, 2017USD ($)$ / MWh$ / MMBTU | Dec. 31, 2016USD ($) |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Assets | | $ 274 | $ 279 |
Fair Value of Derivative Liabilities | | 150 | 155 |
Virginia Electric and Power Company | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Assets | | 178 | 194 |
Fair Value of Derivative Liabilities | | 33 | 31 |
Dominion Gas Holdings, LLC | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Liabilities | | 7 | 11 |
Level 3 | Virginia Electric and Power Company | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Assets | | 140 | |
Fair Value, Measurements, Recurring | Physical and financial forwards and futures: | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Assets | | 254 | 262 |
Fair Value of Derivative Liabilities | | 85 | 96 |
Fair Value, Measurements, Recurring | Virginia Electric and Power Company | Physical and financial forwards and futures: | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Assets | | 170 | 188 |
Fair Value of Derivative Liabilities | | 11 | 10 |
Fair Value, Measurements, Recurring | Dominion Gas Holdings, LLC | Physical and financial forwards and futures: | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Liabilities | | 1 | 5 |
Fair Value, Measurements, Recurring | Level 3 | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Assets | | 141 | |
Fair Value of Derivative Liabilities | | 11 | |
Fair Value, Measurements, Recurring | Level 3 | Physical and financial forwards and futures: | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Assets | | 141 | 147 |
Fair Value of Derivative Liabilities | | 11 | 8 |
Fair Value, Measurements, Recurring | Level 3 | Discounted cash flow | Natural Gas | Physical and financial forwards and futures: | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Assets | [1] | 78 | |
Fair Value of Derivative Liabilities | [1] | $ 2 | |
Fair Value, Measurements, Recurring | Level 3 | Discounted cash flow | Natural Gas | Liabilities | Physical and financial forwards and futures: | Minimum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MMBTU | [2] | (1) | |
Fair Value, Measurements, Recurring | Level 3 | Discounted cash flow | Natural Gas | Liabilities | Physical and financial forwards and futures: | Maximum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MMBTU | [2] | 4 | |
Fair Value, Measurements, Recurring | Level 3 | Discounted cash flow | Natural Gas | Liabilities | Physical and financial forwards and futures: | Weighted Average | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MMBTU | [2],[3] | 3 | |
Fair Value, Measurements, Recurring | Level 3 | Discounted cash flow | Natural Gas | Assets | Physical and financial forwards and futures: | Minimum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MMBTU | [2] | (2) | |
Credit Spreads (percentage) | [4] | 0.00% | |
Fair Value, Measurements, Recurring | Level 3 | Discounted cash flow | Natural Gas | Assets | Physical and financial forwards and futures: | Maximum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MMBTU | [2] | 7 | |
Credit Spreads (percentage) | [4] | 4.00% | |
Fair Value, Measurements, Recurring | Level 3 | Discounted cash flow | Natural Gas | Assets | Physical and financial forwards and futures: | Weighted Average | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MMBTU | [2],[3] | 0 | |
Credit Spreads (percentage) | [3],[5] | 2.00% | |
Fair Value, Measurements, Recurring | Level 3 | Discounted cash flow | FTRs | Physical and financial forwards and futures: | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Assets | | $ 1 | |
Fair Value of Derivative Liabilities | | $ 8 | |
Fair Value, Measurements, Recurring | Level 3 | Discounted cash flow | FTRs | Liabilities | Physical and financial forwards and futures: | Minimum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MWh | [2] | (3) | |
Fair Value, Measurements, Recurring | Level 3 | Discounted cash flow | FTRs | Liabilities | Physical and financial forwards and futures: | Maximum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MWh | [2] | 2 | |
Fair Value, Measurements, Recurring | Level 3 | Discounted cash flow | FTRs | Liabilities | Physical and financial forwards and futures: | Weighted Average | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MWh | [2],[3] | 0 | |
Fair Value, Measurements, Recurring | Level 3 | Discounted cash flow | FTRs | Assets | Physical and financial forwards and futures: | Minimum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MWh | [2] | (3) | |
Fair Value, Measurements, Recurring | Level 3 | Discounted cash flow | FTRs | Assets | Physical and financial forwards and futures: | Maximum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MWh | [2] | 3 | |
Fair Value, Measurements, Recurring | Level 3 | Discounted cash flow | FTRs | Assets | Physical and financial forwards and futures: | Weighted Average | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MWh | [2],[3] | 0 | |
Fair Value, Measurements, Recurring | Level 3 | Option model | Natural Gas | Physical and financial options: | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Assets | | $ 2 | |
Fair Value of Derivative Liabilities | | $ 1 | |
Fair Value, Measurements, Recurring | Level 3 | Option model | Natural Gas | Liabilities | Physical and financial options: | Minimum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MMBTU | [2] | 2 | |
Price volatility (percentage) | [6] | 34.00% | |
Fair Value, Measurements, Recurring | Level 3 | Option model | Natural Gas | Liabilities | Physical and financial options: | Maximum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MMBTU | [2] | 3 | |
Price volatility (percentage) | [6] | 48.00% | |
Fair Value, Measurements, Recurring | Level 3 | Option model | Natural Gas | Liabilities | Physical and financial options: | Weighted Average | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MMBTU | [2],[3] | 3 | |
Price volatility (percentage) | [3],[6] | 39.00% | |
Fair Value, Measurements, Recurring | Level 3 | Option model | Natural Gas | Assets | Physical and financial options: | Minimum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MMBTU | [2] | 2 | |
Price volatility (percentage) | [6] | 18.00% | |
Fair Value, Measurements, Recurring | Level 3 | Option model | Natural Gas | Assets | Physical and financial options: | Maximum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MMBTU | [2] | 7 | |
Price volatility (percentage) | [6] | 48.00% | |
Fair Value, Measurements, Recurring | Level 3 | Option model | Natural Gas | Assets | Physical and financial options: | Weighted Average | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MMBTU | [2],[3] | 3 | |
Price volatility (percentage) | [3],[6] | 25.00% | |
Fair Value, Measurements, Recurring | Level 3 | Option model | Electricity | Electricity | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Assets | | $ 60 | |
Fair Value, Measurements, Recurring | Level 3 | Option model | Electricity | Assets | Electricity | Minimum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MWh | [7] | 21 | |
Price volatility (percentage) | [8] | 14.00% | |
Fair Value, Measurements, Recurring | Level 3 | Option model | Electricity | Assets | Electricity | Maximum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MWh | [7] | 54 | |
Price volatility (percentage) | [8] | 68.00% | |
Fair Value, Measurements, Recurring | Level 3 | Option model | Electricity | Assets | Electricity | Weighted Average | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MWh | [2],[3] | 33 | |
Price volatility (percentage) | [3],[6] | 31.00% | |
Fair Value, Measurements, Recurring | Level 3 | Virginia Electric and Power Company | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Liabilities | | $ 8 | |
Fair Value, Measurements, Recurring | Level 3 | Virginia Electric and Power Company | Physical and financial forwards and futures: | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Assets | | 140 | 145 |
Fair Value of Derivative Liabilities | | 8 | 2 |
Fair Value, Measurements, Recurring | Level 3 | Virginia Electric and Power Company | Discounted cash flow | Natural Gas | Physical and financial forwards and futures: | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Assets | [9] | $ 77 | |
Fair Value, Measurements, Recurring | Level 3 | Virginia Electric and Power Company | Discounted cash flow | Natural Gas | Assets | Physical and financial forwards and futures: | Minimum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MMBTU | [7] | (2) | |
Fair Value, Measurements, Recurring | Level 3 | Virginia Electric and Power Company | Discounted cash flow | Natural Gas | Assets | Physical and financial forwards and futures: | Maximum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MMBTU | [7] | 7 | |
Fair Value, Measurements, Recurring | Level 3 | Virginia Electric and Power Company | Discounted cash flow | Natural Gas | Assets | Physical and financial forwards and futures: | Weighted Average | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MMBTU | [7],[10] | 0 | |
Credit Spreads (percentage) | [4],[10] | 2.00% | |
Fair Value, Measurements, Recurring | Level 3 | Virginia Electric and Power Company | Discounted cash flow | FTRs | Physical and financial forwards and futures: | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Assets | | $ 1 | |
Fair Value of Derivative Liabilities | | $ 8 | |
Fair Value, Measurements, Recurring | Level 3 | Virginia Electric and Power Company | Discounted cash flow | FTRs | Liabilities | Physical and financial forwards and futures: | Minimum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MWh | [7] | (3) | |
Fair Value, Measurements, Recurring | Level 3 | Virginia Electric and Power Company | Discounted cash flow | FTRs | Liabilities | Physical and financial forwards and futures: | Maximum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MWh | [7] | 2 | |
Fair Value, Measurements, Recurring | Level 3 | Virginia Electric and Power Company | Discounted cash flow | FTRs | Liabilities | Physical and financial forwards and futures: | Weighted Average | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MWh | [7],[10] | 0 | |
Fair Value, Measurements, Recurring | Level 3 | Virginia Electric and Power Company | Discounted cash flow | FTRs | Assets | Physical and financial forwards and futures: | Minimum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MWh | [7] | (3) | |
Fair Value, Measurements, Recurring | Level 3 | Virginia Electric and Power Company | Discounted cash flow | FTRs | Assets | Physical and financial forwards and futures: | Maximum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MWh | [7] | 2 | |
Fair Value, Measurements, Recurring | Level 3 | Virginia Electric and Power Company | Discounted cash flow | FTRs | Assets | Physical and financial forwards and futures: | Weighted Average | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MWh | [7],[10] | 0 | |
Fair Value, Measurements, Recurring | Level 3 | Virginia Electric and Power Company | Option model | Natural Gas | Physical and financial options: | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Assets | | $ 2 | |
Fair Value, Measurements, Recurring | Level 3 | Virginia Electric and Power Company | Option model | Natural Gas | Assets | Physical and financial options: | Minimum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MMBTU | [7] | 2 | |
Price volatility (percentage) | [8] | 18.00% | |
Fair Value, Measurements, Recurring | Level 3 | Virginia Electric and Power Company | Option model | Natural Gas | Assets | Physical and financial options: | Maximum | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MMBTU | [7] | 7 | |
Price volatility (percentage) | [8] | 40.00% | |
Fair Value, Measurements, Recurring | Level 3 | Virginia Electric and Power Company | Option model | Natural Gas | Assets | Physical and financial options: | Weighted Average | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MMBTU | [7],[10] | 3 | |
Price volatility (percentage) | [8],[10] | 25.00% | |
Fair Value, Measurements, Recurring | Level 3 | Virginia Electric and Power Company | Option model | Electricity | Electricity | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Assets | | $ 60 | |
Fair Value, Measurements, Recurring | Level 3 | Virginia Electric and Power Company | Option model | Electricity | Assets | Electricity | Weighted Average | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Market price (per Dth, per MWh) | $ / MWh | [7],[10] | 33 | |
Price volatility (percentage) | [8],[10] | 31.00% | |
Fair Value, Measurements, Recurring | Level 3 | Dominion Gas Holdings, LLC | Physical and financial forwards and futures: | | | |
Fair Value, Option, Quantitative Disclosures [Line Items] | | | |
Fair Value of Derivative Liabilities | | $ 0 | $ 2 |
| |
[1] | Includes basis. | |
[2] | Represents market prices beyond defined terms for Levels 1 and 2. | |
[3] | Averages weighted by volume. | |
[4] | Represents credit spreads unrepresented in published markets. | |
[5] | Represents credit spreads unrepresented in published markets. | |
[6] | Represents volatilities unrepresented in published markets. | |
[7] | Represents market prices beyond defined terms for Levels 1 and 2. | |
[8] | Represents volatilities unrepresented in published markets. | |
[9] | Includes basis. | |
[10] | Averages weighted by volume. | |