Allegheny Power 2010 Annual Report Download - page 98

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83
FirstEnergy Solutions Corp.
The following tables provide the fair value measurement amounts for assets and liabilities recorded on FES’
Consolidated Balance Sheets at fair value as of December 31, 2010 and 2009:
December 31, 2010 Level 1 Level 2 Level 3 Total
Assets (In millions)
Corporate debt securities $ - $ 528 $ - $ 528
Derivative assets - commodity contracts - 241 - 241
Foreign government debt securities - 147 - 147
U.S. government debt securities - 308 - 308
U.S. state debt securities - 6 - 6
Other
(2)
- 148 - 148
Total assets $ - $ 1,378 $ - $ 1,378
Liabilities
Derivative liabilities – commodity contracts $ - $ (348) $ - $ (348)
Total liabilities $ - $ (348) $ - $ (348)
Net assets (liabilities)(1) $ - $ 1,030 $ - $ 1,030
December 31, 2009 Level 1 Level 2 Level 3 Total
Assets (In millions)
Corporate debt securities $ - $ 443 $ - $ 443
Derivative assets - commodity contracts - 15 - 15
Foreign government debt securities - 279 - 279
U.S. government debt securities - 306 306
U.S. state debt securities - 15 - 15
Other
(2)
- 29 - 29
Total assets $ - $ 1,087 $ - $ 1,087
Liabilities
Derivative liabilities – commodity contracts $ (11) $ (224) $ - $ (235)
Total liabilities $ (11) $ (224) $ - $ (235)
Net assets (liabilities)(1) $ (11) $ 863 $ - $ 852
(1) Excludes $7 million and $15 million as of December 31, 2010 and 2009, respectively, of receivables, payables and accrued
income associated with the financial instruments reflected within the fair value table.
(2) Primarily consists of cash and cash equivalents.
Ohio Edison Company
The following tables provide the fair value measurement amounts for assets and liabilities recorded on OE’s
Consolidated Balance Sheets at fair value as of December 31, 2010 and 2009:
December 31, 2010 Level 1 Level 2 Level 3 Total
Assets (In millions)
U.S. government debt securities $ - $ 124 $ - $ 124
Other - 2 - 2
Total assets(1) $ - $ 126 $ - $ 126
December 31, 2009 Level 1 Level 2 Level 3 Total
Assets (In millions)
U.S. government debt securities $ - $ 118 $ - $ 118
Other - 2 - 2
Total assets(1) $ - $ 120 $ - $ 120
(1) Excludes $1 million as of December 31, 2010 and 2009 of receivables, payables and accrued income associated with the
financial instruments reflected within the fair value table.