Allegheny Power 2011 Annual Report Download - page 106

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91
Assumed health care cost trend rates have a significant effect on the amounts reported for the health care plans. A one-percentage-
point change in assumed health care cost trend rates would have the following effects:
Effect on total of service and interest cost
Effect on accumulated benefit obligation
1-Percentage-
Point Increase
(in millions)
2
20
1-Percentage-
Point Decrease
(2)
(17)
Taking into account estimated employee future service, FirstEnergy expects to make the following benefit payments from plan
assets and other payments, net of the Medicare subsidy and participant contributions:
2012
2013
2014
2015
2016
Years 2017-2021
Pensions
(in millions)
$ 417
433
461
479
493
2,713
OPEB
$ 111
116
118
62
63
314
FES’ and the Utility Registrants' shares of the net pensions and OPEB asset (liability) as of December 31, 2011 and 2010, were as
follows:
Net Pension and OPEB
Asset (Liability)
FES
OE
CEI
TE
JCP&L
Met-Ed
Penelec
Pensions
2011
(In millions)
$ (653)
(4)
(12)
11
(69)
(6)
(151)
2010
$ (488)
29
(22)
(21)
(106)
(6)
(99)
OPEB
2011
$ (11)
(75)
(61)
(45)
(94)
(31)
(108)
2010
$ (36)
(66)
(62)
(46)
(70)
(19)
(85)
FES’ and the Utility Registrants' shares of the net periodic pensions and OPEB costs for the three years ended December 31, 2011,
2010 and 2009 were as follows:
Net Periodic Pension
and OPEB Costs
FES
OE
CEI
TE
JCP&L
Met-Ed
Penelec
Pensions
2011
(In millions)
$ 168
63
27
14
68
35
52
2010
$ 122
4
10
6
29
12
19
2009
$ 169
38
74
26
49
29
76
OPEB
2011
$ (42)
(34)
(18)
(7)
2
(9)
(7)
2010
$ (12)
(26)
(9)
(6)
(10)
(24)
(24)
2009
$ —
(30)
(10)
(2)
(3)
(15)
(14)
4. STOCK-BASED COMPENSATION PLANS
FirstEnergy has four stock-based compensation programs - LTIP, EDCP, ESOP and DCPD, as described further below. Allegheny's
stock-based awards were converted into FirstEnergy stock-based awards as of the date of the merger. These awards, referred to
below as converted Allegheny awards, were adjusted in terms of the number of awards and, where applicable, the exercise price
thereof, to reflect the merger's common stock exchange ratio of 0.667 of a share of FE common stock for each share of AE common
stock.