Duke Energy 2011 Annual Report Download - page 188

PART II
DUKE ENERGY CORPORATION •DUKE ENERGY CAROLINAS, LLC •DUKE ENERGY OHIO, INC. •DUKE ENERGY INDIANA, INC.
Combined Notes to Consolidated Financial Statements – (Continued)
The following table provides a reconciliation of beginning and ending balances of assets and liabilities measured at fair value on a recurring
basis where the determination of fair value includes significant unobservable inputs (Level 3):
Rollforward of Level 3 Measurements
Available-for- Sale
Auction Rate
Securities
Available-for- Sale
NDTF
Investments
Derivatives
(net) Total
Year Ended December 31, 2011
Balance at January 1, 2011 $ 118 $47 $(19) $146
Total pre-tax realized and unrealized gains (losses) included in earnings:
Revenue, regulated electric(a) ——1313
Revenue, non-regulated electric, natural gas, and other — — (27) (27)
Total pre-tax gains included in other comprehensive income
Gains on available for sale securities and other 12 — — 12
Net purchases, sales, issuances and settlements
Purchases(a) —8816
Sales —(3)—(3)
Settlements (16) — (16) (32)
Total gains included on the Consolidated Balance Sheet as regulatory asset or
liability or as non-current liability —123
Transfers out of Level 3 (43) — — (43)
Balance at December 31, 2011 $ 71 $53 $(39) $ 85
(a) Derivative amounts relate to financial transmission rights
Pre-tax amounts included in the Consolidated Statements of Operations related to Level 3
measurements outstanding at December 31, 2011:
Revenue, non-regulated electric, natural gas, and other — — (20) (20)
Total $ — $ — $(20) $ (20)
Year Ended December 31, 2010
Balance at January 1, 2010 $ 198 $ — $ 25 $223
Total pre-tax realized and unrealized losses included in earnings:
Revenue, non-regulated electric, natural gas, and other — — (45) (45)
Fuel used in electric generation and purchased power-non-regulated — — (13) (13)
Total pre-tax gains (losses) included in other comprehensive income:
Gains on available for sale securities and other 22 — — 22
Losses on commodity cash flow hedges — — (1) (1)
Net purchases, sales, issuances and settlements (102) 45 (3) (60)
Total gains included on the Consolidated Balance Sheet as regulatory asset or
liability or as non-current liability — 2 18 20
Balance at December 31, 2010 $ 118 $ 47 $(19) $146
Pre-tax amounts included in the Consolidated Statements of Operations related to Level 3
measurements outstanding at December 31, 2010:
Revenue, non-regulated electric, natural gas, and other $ — $ — $ 1 $ 1
Total $— $— $1 $1
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