ComEd 2013 Annual Report Download - page 174

Thefollowingtablespresent thefairvalue reconciliation ofLevel 3 assetsandliabilitiesmeasuredat fairvalue on a recurringbasis
duringtheyearsendedDecember 31,2013 and2012:
For the Year Ended December 31, 2013
Nuclear
Decommissioning
Trust Fund
Investment
Pledged Assets
for Zion Station
Decommissioning
Mark-to-Market
Derivatives
Other
Investments Total
BalanceasofJanuary1,2013 ...................... $183$89 $367 $ 17 $ 656
Total realized/unrealizedgains(losses)
Includedin net income......................... 2— (44)(a)—(42)
Includedinother comprehensiveincome.......... — — — 22
Includedinregulatoryassets.................... 8 — (126)(b) —(118)
Changeincollateral ............................... — — 7 — 7
Purchases, sales, issuancesandsettlements
Purchases ................................... 203 62284297
Sales ....................................... (28) (39) (11) (8) (86)
Settlements .................................. (18) — — — (18)
Transfersinto Level 3 ............................. — — 86(c) 187
Transfersout ofLevel 3 ............................ — — (35) (1)(36)
BalanceasofDecember 31,2013 ................... $350$112 $272$15 $ 749
Theamount oftotal gainsincludedinincome attributed
to thechangein unrealizedgainsrelatedto assetsand
liabilitiesheldasofDecember 31,2013 ............. $ 1$— $ 167 $— $ 168
(a)Includesareduction for thereclassification of$211 million ofrealizedgainsdue to settlement ofderivativecontractsrecordedinresultsofoperationsfor theyear
endedDecember 31,2013.
(b) Excludesdecreasesinfairvalue of$11 million ofandrealizedlossesreclassifieddue to settlementsof$215million associatedwithGeneration’s financial swap
contractwithComEd for theyear endedDecember 31,2013.All items eliminate upon consolidation inExelon’s ConsolidatedFinancial Statements.
(c) Includesan increaseoftransfersinto Level 3 arisingfromreductionsinmarket liquidity, which resultedinless observable contract tenuresinvariouslocations.
For the Year Ended December 31, 2012
Nuclear
Decommissioning
Trust Fund
Investments
Pledged Assets for
Zion
Decommissioning
Mark-to-Market
Derivatives (b)
Other
Investments Total
BalanceasofJanuary1,2012 .......................... $ 13 $37$17$—$67
Total realized/unrealizedgains(losses)
Includedinincome................................ — — 59
(a)—59
Includedinregulatoryliabilities ...................... 1—39—40
Changeincollateral ................................... — — (32)—(32)
Purchases, sales, issuancesandsettlements
Purchases ....................................... 169 63334(c) 17583
Sales ........................................... — (11)——(11)
Transfersinto Level 3 ................................. — — 39—39
Transfersout ofLevel 3 ................................ — — (89) — (89)
BalanceasofDecember 31,2012 ....................... $183$89 $367 $ 17 $656
Theamount oftotal gainsincludedinincome attributedto the
changein unrealizedgainsrelatedto assetsandliabilities
asofDecember 31,2012 ............................. $— $— $214$—$214
(a)Includesareduction for thereclassification of$155 million ofrealizedgainsdue to thesettlement ofderivativecontractsrecordedinresultsofoperationsfor theyear
endedDecember 31,2012.
(b) Excludes $98 million ofincreasesinfairvalue and $566 million ofrealizedlossesdue to settlementsfor theyear endedDecember 31,2012 ofGeneration’s financial
swap contractwithComEd, which eliminatesupon consolidation inExelon’s ConsolidatedFinancial Statements. This position wasde-designatedasacash flow
hedgeprior to themerger date.
(c) Includes$310 million offairvalue fromcontractsand$14million ofother investmentsacquiredasaresult ofthemerger.
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