Allegheny Power 2011 Annual Report Download - page 131

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116
The following tables summarize the effect of derivative instruments on the Consolidated Statements of Income during 2011 and
2010:
Derivatives in a Hedging Relationship
December 31, 2011
Gain Recognized in AOCI (Effective Portion)
Effective Gain (Loss) Reclassified to:(1)
Purchased Power Expense
Revenues
December 31, 2010
Gain Recognized in AOCI (Effective Portion)
Effective Loss Reclassified to:(1)
Purchased Power Expense
Revenues
Fuel Expense
Derivatives Not in a Hedging Relationship
December 31, 2011
Unrealized Gain (Loss) Recognized in:
Purchased Power Expense
Revenues
Other Operating Expense
Realized Gain (Loss) Reclassified to:
Purchased Power Expense
Revenues
Other Operating Expense
December 31, 2010
Unrealized Gain Recognized in:
Purchased Power Expense
Realized Loss Reclassified to:
Purchased Power Expense
Power
Contracts
(In millions)
$ 11
16
(12)
$ 12
(7)
(4)
—
$ 120
(3)
(52)
(159)
17
—
$ 86
(104)
FTRs
$ —
—
—
$ —
—
—
—
$ —
—
(14)
—
67
(157)
$ —
—
Other
$ 1
—
—
$ 11
—
—
(14)
$ —
—
2
—
—
—
$ —
—
Total
$ 12
16
(12)
$ 23
(7)
(4)
(14)
$120
(3)
(64)
(159)
84
(157)
$ 86
(104)
Derivatives Not in a Hedging Relationship Generally Subject to Regulatory Offset(2)
December 31, 2011
Unrealized Loss to Derivative Instrument
Unrealized Gain to Regulatory Assets
Realized Gain (Loss) to Derivative Instrument
Realized Gain (Loss) to Regulatory Assets
December 31, 2010
Unrealized Loss to Derivative Instrument
Unrealized Gain to Regulatory Assets
Realized Gain (Loss) to Derivative Instrument
Realized Gain (Loss) to Regulatory Assets
NUGs
(In millions)
$(202)
202
254
(254)
$(181)
181
280
(280)
Other
$ (5)
5
(13)
13
—
—
(9)
9
Total
$(207)
207
241
(241)
$(181)
181
271
(271)
(1) The ineffective portion was immaterial.
(2) Changes in the fair value of certain contracts are deferred for future recovery from (or refund to) customers.