Allegheny Power 2014 Annual Report Download - page 118

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103
The effect of derivative instruments not in a hedging relationship on the Consolidated Statements of Income during 2014 and
2013 are summarized in the following tables:
Year Ended December 31
Commodity
Contracts FTRs Interest
Rate Swaps Total
(In millions)
2014
Unrealized Gain (Loss) Recognized in:
Other Operating Expense(1) $ (86) $ 22 $ — $ (64)
Realized Gain (Loss) Reclassified to:
Revenues(2) $ (6) $ 68 $ — $ 62
Purchased Power Expense(3) 365 — — 365
Other Operating Expense(4) — (44) — (44)
Fuel Expense (6) — — (6)
Interest Expense — — 14 14
(1) Includes ($86) million for commodity contracts and $21 million for FTRs associated with FES.
(2) Represents losses on structured financial contracts. Includes ($6) million for commodity contracts and $67 million for FTRs associated with
FES.
(3) Realized losses on financially settled wholesale sales contracts of $252 million resulting from higher market prices were netted in purchased
power. Includes $365 million for commodity contracts associated with FES.
(4) Includes ($43) million for FTRs associated with FES.
Year Ended December 31
Commodity
Contracts FTRs Total
(In millions)
2013
Unrealized Gain (Loss) Recognized in:
Other Operating Expense(5) $ 11 $ (8) $ 3
Realized Gain (Loss) Reclassified to:
Revenues(6) $ 46 $ 21 $ 67
Purchased Power Expense(7) (38) — (38)
Other Operating Expense(8) — (36) (36)
Fuel Expense (2) — (2)
(5) Includes $11 million for commodity contracts and ($8) million for FTRs associated with FES.
(6) Includes $46 million for commodity contracts and $19 million for FTRs associated with FES.
(7) Includes ($38) million for commodity contracts associated with FES.
(8) Includes ($33) million for FTRs associated with FES.