Allegheny Power 2010 Annual Report Download - page 99

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84
Toledo Edison Company
The following tables provide the fair value measurement amounts for assets and liabilities recorded on TE’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)
Corporate debt securities $ - $ 7 $ - $ 7
U.S. government debt securities - 33 - 33
U.S. state debt securities - 1 - 1
Other
(2)
- 35 - 35
Total assets(1) $ - $ 76 $ - $ 76
December 31, 2009 Level 1 Level 2 Level 3 Total
Assets (In millions)
Corporate debt securities $ - $ - $ - $ -
U.S. government debt securities - 72 - 72
Other - - - -
Total assets(1) $ - $ 72 $ - $ 72
(1) Excludes $2 million as of December 31, 2009 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.
Jersey Central Power & Light Company
The following tables provide the fair value measurement amounts for assets and liabilities recorded on JCP&L’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)
Corporate debt securities $ - $ 23 $ - $ 23
Derivative assets - commodity contracts - 2 - 2
Derivative assets - NUG contracts
(1)
- - 6 6
Equity securities
(2)
96 - - 96
U.S. government debt securities - 33 - 33
U.S. state debt securities - 236 - 236
Other - 4 - 4
Total assets $ 96 $ 298 $ 6 $ 400
Liabilities
Derivative liabilities – NUG contracts(1) $ - $ - $ (233) $ (233)
Total liabilities $ - $ - $ (233) $ (233)
Net assets (liabilities)(3) $ 96 $ 298 $ (227) $ 167