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Acquisitions and Dispositions (Tables) | 12 Months Ended
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Dec. 31, 2016
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition | The following table presents significant completed acquisitions of wholly-owned merchant solar projects by Dominion. Long-term power purchase, interconnection and operation and maintenance agreements have been executed for all of the projects. Dominion has claimed federal investment tax credits on the projects. These projects are included in the Dominion Generation operating segment.
Completed Acquisition Date | Seller | Number of Projects | Project Location | Project Name(s) | Initial Acquisition Cost (millions)(1) | Project Cost (millions)(2) | Date of Commercial Operations | MW Capacity
March 2014 | Recurrent Energy Development Holdings, LLC | 6 | California | Camelot, Kansas, Kent South, Old River One, Adams East, Columbia 2 | $ | 50 |  | $ | 428 |  | Fourth quarter 2014 | 139
November 2014 | CSI Project Holdco, LLC | 1 | California | West Antelope | 79 |  | 79 |  | November 2014 | 20
December 2014 | EDF Renewable Development, Inc. | 1 | California | CID | 71 |  | 71 |  | January 2015 | 20
April 2015 | EC&R NA Solar PV, LLC | 1 | California | Alamo | 66 |  | 66 |  | May 2015 | 20
April 2015 | EDF Renewable Development, Inc. | 3 | California | Cottonwood(3) | 106 |  | 106 |  | May 2015 | 24
June 2015 | EDF Renewable Development, Inc. | 1 | California | Catalina 2 | 68 |  | 68 |  | July 2015 | 18
July 2015 | SunPeak Solar, LLC | 1 | California | Imperial Valley 2 | 42 |  | 71 |  | August 2015 | 20
November 2015 | EC&R NA Solar PV, LLC | 1 | California | Maricopa West | 65 |  | 65 |  | December 2015 | 20
November 2015 | Community Energy, Inc. | 1 | Virginia | Amazon Solar Farm U.S. East | 34 |  | 212 |  | October 2016 | 80
(1) | The purchase price was primarily allocated to Property, Plant and Equipment.
(2) | Includes acquisition cost.
(3) | One of the projects, Marin Carport, began commercial operations in 2016.
Dominion Questar Corporation |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition | The table below shows the preliminary allocation of the purchase price to the assets acquired and liabilities assumed at closing. The allocation is subject to change during the remainder of the measurement period, which ends one year from the closing date, as additional information is obtained about the facts and circumstances that existed at the closing date. Any material adjustments to provisional amounts identified during the measurement period will be recognized and disclosed in the reporting period in which the adjustment amounts are determined. During the fourth quarter, certain modifications were made to preliminary valuation amounts for acquired property, plant and equipment, current liabilities, and deferred income taxes, resulting in a $6 million net decrease to goodwill, which relate primarily to the sale of Questar Fueling Company in December 2016 as further described in the Sale of Questar Fueling Company.
| Amount
(millions) |
Total current assets | $ | 224 |
Investments(1) | 58 |
Property, plant and equipment(2) | 4,131 |
Goodwill | 3,105 |
Total deferred charges and other assets, excluding goodwill | 75 |
Total Assets | 7,593 |
Total current liabilities(3) | 793 |
Long-term debt(4) | 963 |
Deferred income taxes | 801 |
Regulatory liabilities | 259 |
Asset retirement obligations | 160 |
Other deferred credits and other liabilities | 220 |
Total Liabilities | 3,196 |
Total estimated purchase price | $ | 4,397 |
(1) | Includes $40 million for an equity method investment in White River Hub. The fair value adjustment on the equity method investment in White River Hub is considered to be equity method goodwill and is not amortized.
(2) | Nonregulated property, plant and equipment, excluding land, will be depreciated over remaining useful lives primarily ranging from 9 to 18 years.
(3) | Includes $301 million of short-term debt, of which no amounts remain outstanding at December 31, 2016, as well as a $250 million term loan which matures in August 2017 and bears interest at a variable rate.
(4) | Unsecured senior and medium-term notes have maturities which range from 2017 to 2048 and bear interest at rates from 2.98% to 7.20%.
Business Acquisition, Pro Forma Information | The following unaudited pro forma financial information reflects the consolidated results of operations of Dominion assuming the Dominion Questar Combination had taken place on January 1, 2015. The unaudited pro forma financial information has been presented for illustrative purposes only and is not necessarily indicative of the consolidated results of operations that would have been achieved or the future consolidated results of operations of the combined company.
| Twelve Months Ended December 31,
| 2016(1) | 2015
(millions, except EPS) |
Operating Revenue | $ | 12,497 |  | $ | 12,818 |
Net Income | 2,300 |  | 2,108 |
Earnings Per Common Share – Basic | $ | 3.73 |  | $ | 3.56 |
Earnings Per Common Share – Diluted | $ | 3.73 |  | $ | 3.55 |
(1) | Amounts include adjustments for non-recurring costs directly related to the Dominion Questar Combination.

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