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Investments (Tables) | 3 Months Ended
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Mar. 31, 2019
Equity and Fixed Income Securities, Insurance Contracts and Cash Equivalents in Decommissioning Trust Funds | Dominion Energy’s decommissioning trust funds are summarized below:
|  | Amortized Cost |  |  | Total Unrealized Gains |  |  | Total Unrealized Losses |  |  |  | Recorded Value |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 1,747 |  |  | $ | 2,002 |  |  | $ | (17 | ) |  |  | $ | 3,732 |
Fixed income securities:(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt instruments |  |  | 457 |  |  |  | 15 |  |  |  | (2 | ) |  |  |  | 470 |
Government securities |  |  | 1,076 |  |  |  | 29 |  |  |  | (4 | ) |  |  |  | 1,101 |
Common/collective trust funds |  |  | 72 |  |  |  | — |  |  |  | — |  |  |  |  | 72 |
Insurance contracts |  |  | 199 |  |  |  | — |  |  |  | — |  |  |  |  | 199 |
Cash equivalents and other(3) |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  |  | 6 |
Total |  | $ | 3,557 |  |  | $ | 2,046 |  |  | $ | (23 | ) | (4) |  | $ | 5,580 |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 1,741 |  |  | $ | 1,640 |  |  | $ | (51 | ) |  |  | $ | 3,330 |
Fixed income securities:(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt instruments |  |  | 435 |  |  |  | 5 |  |  |  | (9 | ) |  |  |  | 431 |
Government securities |  |  | 1,092 |  |  |  | 17 |  |  |  | (12 | ) |  |  |  | 1,097 |
Common/collective trust funds |  |  | 76 |  |  |  | — |  |  |  | — |  |  |  |  | 76 |
Cash equivalents and other(3) |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  |  | 4 |
Total |  | $ | 3,348 |  |  | $ | 1,662 |  |  | $ | (72 | ) | (4) |  | $ | 4,938 |
| (1) | Unrealized gains and losses on equity securities are included in other income and the nuclear decommissioning trust regulatory liability.
| (2) | Unrealized gains and losses on fixed income securities are included in AOCI and the nuclear decommissioning trust regulatory liability.
| (3) | Includes pending sales of securities of $4 million at March 31, 2019.
| (4) | The fair value of securities in an unrealized loss position was $405 million and $833 million at March 31, 2019 and December 31, 2018, respectively.
Unrealized Gain Loss on Equity | The portion of unrealized gains and losses that relates to equity securities held within Dominion Energy’s nuclear decommissioning trusts is summarized below:
|  | Three Months Ended March 31, |
(millions) |  | 2019 |  |  | 2018 |
Net gains (losses) recognized during the period |  | $ | 414 |  |  | $ | (65 | )
Less: Net gains recognized during the period on securities sold during the period |  |  | (19 | ) |  |  | (19 | )
Unrealized gains (losses) recognized during the period on securities still held at March 31, 2019 and 2018(1) |  | $ | 395 |  |  | $ | (84 | )
(1) | Included in other income and the nuclear decommissioning trust regulatory liability.
Investments Classified by Contractual Maturity Date | The fair value of Dominion Energy’s fixed income securities with readily determinable fair values held in nuclear decommissioning trust funds at March 31, 2019 by contractual maturity is as follows:
|  | Amount |
(millions) |  |  |  |
Due in one year or less |  | $ | 187 |
Due after one year through five years |  |  | 382 |
Due after five years through ten years |  |  | 394 |
Due after ten years |  |  | 680 |
Total |  | $ | 1,643 |
Marketable Securities | Presented below is selected information regarding Dominion Energy’s equity and fixed income securities with readily determinable fair values held in nuclear decommissioning trust funds.
|  | Three Months Ended March 31, |
|  | 2019 |  |  | 2018 |
(millions) |  |  |  |  |  |  |  |
Proceeds from sales |  | $ | 506 |  |  | $ | 419 |
Realized gains(1) |  |  | 43 |  |  |  | 36 |
Realized losses(1) |  |  | 23 |  |  |  | 19 |
(1) | Includes realized gains and losses recorded to the nuclear decommissioning trust regulatory liability.
Virginia Electric and Power Company |
Equity and Fixed Income Securities, Insurance Contracts and Cash Equivalents in Decommissioning Trust Funds | Virginia Power’s decommissioning trust funds are summarized below:
|  | Amortized Cost |  |  | Total Unrealized Gains |  |  | Total Unrealized Losses |  |  |  | Recorded Value |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 871 |  |  | $ | 922 |  |  | $ | (9 | ) |  |  | $ | 1,784 |
Fixed income securities:(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt instruments |  |  | 227 |  |  |  | 7 |  |  |  | (1 | ) |  |  |  | 233 |
Government securities |  |  | 506 |  |  |  | 14 |  |  |  | (1 | ) |  |  |  | 519 |
Common/collective trust funds |  |  | 48 |  |  |  | — |  |  |  | — |  |  |  |  | 48 |
Cash equivalents and other(3) |  |  | 7 |  |  |  | — |  |  |  | — |  |  |  |  | 7 |
Total |  | $ | 1,659 |  |  | $ | 943 |  |  | $ | (11 | ) | (4) |  | $ | 2,591 |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 858 |  |  | $ | 751 |  |  | $ | (24 | ) |  |  | $ | 1,585 |
Fixed income securities:(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt instruments |  |  | 224 |  |  |  | 2 |  |  |  | (5 | ) |  |  |  | 221 |
Government securities |  |  | 504 |  |  |  | 7 |  |  |  | (5 | ) |  |  |  | 506 |
Common/collective trust funds |  |  | 51 |  |  |  | — |  |  |  | — |  |  |  |  | 51 |
Cash equivalents and other(3) |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  |  | 6 |
Total |  | $ | 1,643 |  |  | $ | 760 |  |  | $ | (34 | ) | (4) |  | $ | 2,369 |
| (1) | Unrealized gains and losses on equity securities are included in other income and the nuclear decommissioning trust regulatory liability.
| (2) | Unrealized gains and losses on fixed income securities are included in AOCI and the nuclear decommissioning trust regulatory liability.
| (3) | Includes pending sales of securities of $7 million and $6 million at March 31, 2019 and December 31, 2018, respectively.
| (4) | The fair value of securities in an unrealized loss position was $178 million and $404 million at March 31, 2019 and December 31, 2018, respectively.
Unrealized Gain Loss on Equity | The portion of unrealized gains and losses that relates to equity securities held within Virginia Power’s nuclear decommissioning trusts is summarized below:
|  | Three Months Ended March 31, |
(millions) |  | 2019 |  |  | 2018 |
Net gains (losses) recognized during the period |  | $ | 186 |  |  | $ | (32 | )
Less: Net gains recognized during the period on securities sold during the period |  |  | (1 | ) |  |  | (15 | )
Unrealized gains (losses) recognized during the period on securities still held at March 31, 2019 and 2018(1) |  | $ | 185 |  |  | $ | (47 | )
| (1) | Included in other income and the nuclear decommissioning trust regulatory liability.
Investments Classified by Contractual Maturity Date | The fair value of Virginia Power’s fixed income securities with readily determinable fair values held in nuclear decommissioning trust funds at March 31, 2019 by contractual maturity is as follows:
|  | Amount |
(millions) |  |  |  |
Due in one year or less |  | $ | 77 |
Due after one year through five years |  |  | 145 |
Due after five years through ten years |  |  | 219 |
Due after ten years |  |  | 359 |
Total |  | $ | 800 |
Marketable Securities | Presented below is selected information regarding Virginia Power’s equity and fixed income securities with readily determinable fair values held in nuclear decommissioning trust funds.
|  | Three Months Ended March 31, |
|  | 2019 |  |  | 2018 |
(millions) |  |  |  |  |  |  |  |
Proceeds from sales |  | $ | 253 |  |  | $ | 218 |
Realized gains(1) |  |  | 10 |  |  |  | 18 |
Realized losses(1) |  |  | 9 |  |  |  | 5 |
(1) | Includes realized gains and losses recorded to the nuclear decommissioning trust regulatory liability.

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