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Investments (Tables) | Nov. 18, 2019
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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 |  |  |  |  | Fair Value |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 1,776 |  |  |  |  |  |  | $ | 2,120 |  |  |  |  |  |  | $ | (21 | ) |  |  |  | $ | 3,875 |
Fixed income securities: (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt instruments |  |  | 474 |  |  |  |  |  |  |  | 27 |  |  |  |  |  |  |  | (1 | ) |  |  |  |  | 500 |
Government securities |  |  | 1,073 |  |  |  |  |  |  |  | 41 |  |  |  |  |  |  |  | (2 | ) |  |  |  |  | 1,112 |
Common/collective trust funds |  |  | 63 |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  | — |  |  |  |  |  | 63 |
Insurance contracts |  |  | 206 |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  | — |  |  |  |  |  | 206 |
Cash equivalents and other (3) |  |  | 11 |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  | — |  |  |  |  |  | 11 |
Total |  | $ | 3,603 |  |  |  |  |  |  | $ | 2,188 |  |  |  |  |  |  | $ | (24 | ) |  | (4) |  | $ | 5,767 |
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 |  |  | 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 $ 3 million at June 30, 2019 .
(4) | The fair value of securities in an unrealized loss position was $ 208 million and $ 833 million at June 30, 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 June 30, |  |  | Six Months Ended June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Net gains recognized during the period |  | $ | 156 |  |  | $ | 89 |  |  | $ | 570 |  |  | $ | 24 |
Less: Net gains recognized during the period on securities sold during the period |  |  | (25 | ) |  |  | (16 | ) |  |  | (44 | ) |  |  | (35 | )
Unrealized gains (losses) recognized during the period on securities still held at June 30, 2019 and 2018 (1) |  | $ | 131 |  |  | $ | 73 |  |  | $ | 526 |  |  | $ | (11 | )
(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 June 30, 2019 by contractual maturity is as follows:
|  | Amount |
(millions) |  |  |
Due in one year or less |  | $ | 203 |
Due after one year through five years |  |  | 397 |
Due after five years through ten years |  |  | 387 |
Due after ten years |  |  | 688 |
Total |  | $ | 1,675 |
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 June 30, |  |  | Six Months Ended June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales |  | $ | 376 |  |  | $ | 425 |  |  | $ | 882 |  |  | $ | 844 |
Realized gains (1) |  |  | 56 |  |  |  | 36 |  |  |  | 99 |  |  |  | 72 |
Realized losses (1) |  |  | 27 |  |  |  | 23 |  |  |  | 50 |  |  |  | 42 |
(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 |  |  | Fair Value |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 888 |  |  | $ | 981 |  |  | $ | (11 | ) |  | $ | 1,858 |
Fixed income securities: (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt instruments |  |  | 244 |  |  |  | 13 |  |  |  | — |  |  |  | 257 |
Government securities |  |  | 500 |  |  |  | 18 |  |  |  | (1 | ) |  |  | 517 |
Common/collective trust funds |  |  | 47 |  |  |  | — |  |  |  | — |  |  |  | 47 |
Cash equivalents and other (3) |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 3 |
Total |  | $ | 1,682 |  |  | $ | 1,012 |  |  | $ | (12 | ) (4) |  | $ | 2,682 |
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 $ 3 million and $ 6 million at June 30, 2019 and December 31, 2018, respectively.
(4) | The fair value of securities in an unrealized loss position was $ 97 million and $ 404 ​​​​​​​million at June 30, 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 June 30, |  |  | Six Months Ended June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Net gains recognized during the period |  | $ | 70 |  |  | $ | 44 |  |  | $ | 256 |  |  | $ | 12 |
Less: Net gains recognized during the period on securities sold during the period |  |  | (7 | ) |  |  | (8 | ) |  |  | (8 | ) |  |  | (23 | )
Unrealized gains (losses) recognized during the period on securities still held at June 30, 2019 and 2018 (1) |  | $ | 63 |  |  | $ | 36 |  |  | $ | 248 |  |  | $ | (11 | )
(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 June 30, 2019 by contractual maturity is as follows:
|  | Amount |
(millions) |  |  |
Due in one year or less |  | $ | 98 |
Due after one year through five years |  |  | 154 |
Due after five years through ten years |  |  | 212 |
Due after ten years |  |  | 357 |
Total |  | $ | 821 |
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 June 30, |  |  | Six Months Ended June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales |  | $ | 194 |  |  | $ | 196 |  |  | $ | 447 |  |  | $ | 414 |
Realized gains (1) |  |  | 15 |  |  |  | 15 |  |  |  | 25 |  |  |  | 33 |
Realized losses (1) |  |  | 3 |  |  |  | 7 |  |  |  | 12 |  |  |  | 12 |
(1) | Includes realized gains and losses recorded to the nuclear decommissioning trust regulatory liability.

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