Allegheny Power 2010 Annual Report Download - page 88

Download and view the complete annual report

Please find page 88 of the 2010 Allegheny Power annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 154

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154

73
As of December 31, 2010 and 2009, the other postretirement benefit investments measured at fair value were as follows:
December 31, 2010 Asset
Level 1 Level 2 Level 3 Total Allocation
(In millions)
Cash and short-term securities $ - $ 16 $ - $ 16 2 %
Equity investment
Domestic 178 6 - 184 36 %
International 20 19 - 39 9 %
Mutual funds 7 2 - 9 2 %
Fixed income
U.S. treasuries - 27 - 27 5 %
Government bonds - 143 - 143 28 %
Corporate bonds - 55 - 55 10 %
Distressed debt - 3 - 3 1 %
Mortgage-backed securities
(non-government) - 4 - 4 1 %
A
lternatives
Hedge funds - 15 - 15 3 %
Private equity funds - - 3 3 1 %
Real estate funds - - 9 9 2 %
$ 205 $ 290 $ 12 $ 507 100 %
December 31, 2009 Asset
Level 1 Level 2 Level 3 Total Allocation
(In millions)
Cash and short-term securities $ - $ 19 $ - $ 19 4 %
Equity investment
Domestic 180 23 - 203 43 %
International 15 6 - 21 4 %
Mutual funds 10 2 - 12 3 %
Fixed income
U.S. treasuries - 20 - 20 4 %
Government bonds - 123 - 123 26 %
Corporate bonds - 56 - 56 12 %
Distressed debt - 3 - 3 1 %
Mortgage-backed securities
(non-government) - 3 - 3 1 %
A
lternatives
Private equity funds - - 4 4 1 %
Real estate funds - - 7 7 1 %
$ 205 $ 255 $ 11 $ 471 100 %