APS 2013 Annual Report Download - page 139
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Table of Contents
PINNACLE WEST CAPITAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs (a)
(Level 3) Other
Balance at
December 31,
2013
Assets
Risk management activities — derivative
instruments:
Commodity Contracts $ — $ 9 $ 41 $ (9) (b) $41
Nuclear decommissioning trust:
U.S. commingled equity funds — 272 — — 272
Fixed income securities:
U.S. Treasury 107 — — — 107
Cash and cash equivalent funds —11 —(3) (c) 8
Corporate debt — 88 — — 88
Mortgage-backed securities —85 — — 85
Municipality bonds — 71 — — 71
Other —11 — — 11
Subtotal nuclear decommissioning trust 107 538 — (3) 642
Total $107 $ 547 $ 41 $(12) $ 683
Liabilities
Risk management activities — derivative
instruments:
Commodity contracts $ — $ (33)$(90)$ 21(b) $(102)
(a) Primarily consists of heat rate options and other long-dated electricity contracts.
(b) Represents counterparty netting, margin and collateral. See Note 17.
(c) Represents nuclear decommissioning trust net pending securities sales and purchases.
135