Allegheny Power 2011 Annual Report Download - page 101

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86
Obligations and Funded Status
Change in benefit obligation:
Benefit obligation as of January 1,
Liabilities assumed with Allegheny Merger
Service cost
Interest cost
Plan participants’ contributions
Plan amendments
Special termination benefits
Medicare retiree drug subsidy
Actuarial (gain) loss
Benefits paid
Benefit obligation as of December 31,
Change in fair value of plan assets:
Fair value of plan assets as of January 1,
Assets assumed with Allegheny Merger
Actual return on plan assets
Company contributions
Plan participants’ contributions
Benefits paid
Fair value of plan assets as of December 31,
Funded Status:
Qualified plan
Non-qualified plans
Funded Status
Accumulated benefit obligation
Amounts Recognized on the Balance Sheet:
Current liabilities
Noncurrent liabilities
Net liability as of December 31,
Amounts Recognized in AOCI:
Prior service cost (credit)
Assumptions Used to Determine Benefit Obligations
(as of December 31)
Discount rate
Rate of compensation increase
Allocation of Plan Assets (as of December 31)
Equity securities
Bonds
Absolute return strategies
Real estate
Private equities
Cash
Total
Pensions
2011
(In millions)
$ 5,858
1,341
130
374
—
—
6
—
647
(379)
$ 7,977
$ 4,544
954
364
384
—
(379)
$ 5,867
$ (1,820)
(290)
$ (2,110)
$ 7,409
$ (13)
(2,097)
$ (2,110)
$ 67
5.00%
5.20%
19%
48
21
6
2
4
100%
2010
$ 5,392
—
99
314
—
16
—
—
343
(306)
$ 5,858
$ 4,399
—
440
11
—
(306)
$ 4,544
$ (1,076)
(238)
$ (1,314)
$ 5,469
$ (11)
(1,303)
$ (1,314)
$ 76
5.50%
5.20%
28%
50
11
6
4
1
100%
OPEB
2011
$ 861
272
13
48
39
(98)
—
9
19
(126)
$ 1,037
$ 498
75
23
19
39
(126)
$ 528
$ (509)
$ —
$ —
(509)
$ (509)
$ (847)
4.75%
5.20%
38%
44
13
1
—
4
100%
2010
$ 823
—
10
45
30
—
—
7
56
(110)
$ 861
$ 467
—
52
59
30
(110)
$ 498
$ (363)
$ —
$ —
(363)
$ (363)
$ (952)
5.00%
5.20%
47%
45
3
2
1
2
100%
The estimated 2012 amortization of pensions and OPEB prior service costs (credits) from AOCI into net periodic pensions and
OPEB costs is approximately $12 million and $(203) million, respectively.