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Acquisitions and Dispositions (Tables) | 12 Months Ended
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Dec. 31, 2017
Schedule of Business Acquisitions, by Acquisition | The following table presents significant completed acquisitions of wholly-owned merchant solar projects by Dominion Energy.
Completed Acquisition Date |  | Seller |  | Number of Projects |  |  | Project Location |  | Project Name(s) |  | Initial Acquisition (millions)(1) |  |  | Project Cost (millions)(2) |  |  | Date of Commercial Operations |  | MW Capacity |
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 Solar, LLC |  |  | 1 |  |  | Virginia |  | Amazon Solar Farm U.S East |  |  | 34 |  |  |  | 212 |  |  | October 2016 |  |  | 80 |
February 2017 |  | Community Energy Solar, LLC |  |  | 1 |  |  | Virginia |  | Amazon Solar Farm Virginia—Southampton |  |  | 29 |  |  |  | 205 |  |  | December 2017 |  |  | 100 |
March 2017 |  | Solar Frontier Americas Holding LLC |  |  | 1 | (4) |  | California |  | Midway II |  |  | 77 |  |  |  | 78 |  |  | June 2017 |  |  | 30 |
May 2017 |  | Cypress Creek Renewables, LLC |  |  | 1 |  |  | North Carolina |  | IS37 |  |  | 154 |  |  |  | 160 |  |  | June 2017 |  |  | 79 |
June 2017 |  | Hecate Energy Virginia C&C LLC |  |  | 1 |  |  | Virginia |  | Clarke County |  |  | 16 |  |  |  | 16 |  |  | August 2017 |  |  | 10 |
June 2017 |  | Strata Solar Development, LLC/Moorings Farm 2 Holdco, LLC |  |  | 2 |  |  | North Carolina |  | Fremont, Moorings 2 |  |  | 20 |  |  |  | 20 |  |  | November 2017 |  |  | 10 |
September 2017 |  | Hecate Energy Virginia C&C LLC |  |  | 1 |  |  | Virginia |  | Cherrydale |  |  | 40 |  |  |  | 41 |  |  | November 2017 |  |  | 20 |
October 2017 |  | Strata Solar Development, LLC |  |  | 2 |  |  | North Carolina |  | Clipperton, Pikeville |  |  | 20 |  |  |  | 21 |  |  | November 2017 |  |  | 10 |
(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.
(4) | In April 2017, Dominion Energy discontinued efforts on the acquisition of the additional 20 MW solar project from Solar Frontier Americas Holding LLC.
Dominion Energy Questar Corporation |
Schedule of Preliminary Allocation of Purchase Price to Assets Acquired and Liabilities Assumed | The table below shows the allocation of the purchase price to the assets acquired and liabilities assumed at closing which reflects the following adjustments from the preliminary valuation recognized during the measurement period. During the fourth quarter of 2016, 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 related primarily to the sale of Questar Fueling Company in December 2016 as further described in the Sale of Questar Fueling Company. In the third quarter of 2017, certain modifications were made to the valuation amounts for regulatory liabilities, current liabilities and deferred income taxes, resulting in a $6 million net increase to goodwill recorded in Dominion Energy’s Consolidated Balance Sheets. The modifications relate primarily to the finalization of Dominion Energy Questar’s 2016 tax return for the period January 1, 2016 through the Dominion Energy Questar Combination, as well as certain regulatory adjustments.
|  | Amount |
(millions) |  |  |
Total current assets |  | $ | 224 |
Investments(1) |  |  | 58 |
Property, plant and equipment(2) |  |  | 4,131 |
Goodwill |  |  | 3,111 |
Total deferred charges and other assets, excluding goodwill |  |  | 75 |
Total Assets |  |  | 7,599 |
Total current liabilities(3) |  |  | 793 |
Long-term debt(4) |  |  | 963 |
Deferred income taxes |  |  | 807 |
Regulatory liabilities |  |  | 259 |
Asset retirement obligations |  |  | 160 |
Other deferred credits and other liabilities |  |  | 220 |
Total Liabilities |  |  | 3,202 |
Total 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, 2017, as well as a $250 million variable interest rate term loan due in August 2017 that was paid in July 2017.
(4) | Unsecured senior and medium-term notes with 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 Energy assuming the Dominion Energy 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 attributable to Dominion Energy |  |  | 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 Energy Questar Combination.

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