Allegheny Power 2013 Annual Report Download - page 129
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114
The effect of derivative instruments not in a hedging relationship on the Consolidated Statements of Income during 2013 and
2012 are summarized in the following tables:
Year Ended December 31
Commodity
Contracts FTRs Interest
Rate Swaps Total
(In millions)
2013
Unrealized Gain (Loss) Recognized in:
Other Operating Expense $ 11 $ (8) $ — $ 3
Realized Gain (Loss) Reclassified to:
Revenues $ 46 $ 21 $ — $ 67
Purchased Power Expense (38) — — (38)
Other Operating Expense — (36) — (36)
Fuel Expense (2) — — (2)
2012
Unrealized Gain Recognized in:
Other Operating Expense $ 89 $ 13 $ — $ 102
Realized Gain (Loss) Reclassified to:
Revenues $ 302 $ 22 $ — $ 324
Purchased Power Expense (277) — — (277)
Other Operating Expense — (61) — (61)
Fuel Expense 5 — — 5
Interest Expense — — 6 6
The unrealized and realized gains (losses) on FirstEnergy’s derivative instruments subject to regulatory accounting during 2013
and 2012 are summarized in the following table:
Year Ended December 31
Derivatives Not in a Hedging Relationship with
Regulatory Offset NUGs LCAPP Regulated
FTRs Total
(In millions)
2013
Unrealized Gain (Loss) on Derivative Instrument $ (23) $ (22) $ 1 $ (44)
Realized Gain (Loss) on Derivative Instrument 75 166 (1) 240
2012
Unrealized Gain (Loss) on Derivative Instrument $ (201) $ (144) $ 1 $ (344)
Realized Gain on Derivative Instrument 240 — 7 247
The following table provides a reconciliation of changes in the fair value of certain contracts that are deferred for future recovery
from (or credit to) customers during 2013 and 2012: