Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2016

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.