Duke Energy 2012 Annual Report Download - page 204

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PART II
DUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. • CAROLINA POWER & LIGHT COMPANY d/b/a PROGRESS ENERGY
CAROLINAS, INC. • FLORIDA POWER CORPORATION d/b/a PROGRESS ENERY FLORIDA, INC. • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, INC.
Combined Notes to Consolidated Financial Statements – (Continued)
Year Ended December 31, 2010
(in millions)
Available-for-Sale
Auction Rate
Securities
Available-for-Sale
NDTF
Investments
Derivatives
(net) Total
Balance at December 31, 2009 $ 198 $— $ 25 $ 223
Total pre-tax realized or unrealized losses included in earnings:
Revenue, nonregulated electric, natural gas, and other — — (45) (45)
Fuel used in electric generation and purchased power-nonregulated — — (13) (13)
Total pre-tax gains included in other comprehensive income:
Gains on available for sale securities and other 22 — — 22
Losses on commodity cash fl ow 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 — 2 18 20
Balance at December 31, 2010 $ 118 $ 47 $(19) $ 146
Pre-tax amounts included in the Consolidated Statement of Operations related to Level 3
measurements outstanding at December 31, 2010
Revenue, nonregulated electric, natural gas, and other — — 1 1
Total $ — $— $ 1 $ 1
Duke Energy Carolinas
The following tables provide the fair value measurement amounts for assets and liabilities recorded on Duke Energy Carolinas’ Consolidated Balance Sheets
at fair value. Derivative amounts in the table below exclude cash collateral amounts which are disclosed in Note 15. See Note 17 for additional information related
to investments by major security type. Financial assets and liabilities are classifi ed in their entirety based on the lowest level of input signifi cant to the fair value
measurement. Our assessment of the signifi cance of a particular input to the fair value measurement requires judgment and may affect the valuation of fair value
assets and liabilities and their placement within the fair value hierarchy levels.
December 31, 2012
(in millions) Total Fair Value Level 1 Level 2 Level 3
Investments in available-for-sale auction rate securities(a) $ 3 $ — $ — $ 3
Nuclear decommissioning trust fund equity securities 1,592 1,523 48 21
Nuclear decommissioning trust fund debt securities 762 155 559 48
Total assets $2,357 $1,678 $607 $ 72
Derivative liabilities(c) (12) — — (12)
Net assets $2,345 $1,678 $607 $ 60
December 31, 2011
(in millions) Total Fair Value Level 1 Level 2 Level 3
Investments in available-for-sale auction rate securities(a) $ 12 $ — $ — $ 12
Nuclear decommissioning trust fund equity securities 1,337 1,285 46 6
Nuclear decommissioning trust fund debt securities 723 109 567 47
Derivative assets(b) 1 — 1 —
Total assets $ 2,073 $1,394 $ 614 $ 65
(a) Included in Other within Investments and Other Assets on the Consolidated Balance Sheets.
(b) Included in Other within Current Assets and Other within Investments and Other Assets on the Consolidated Balance Sheets.
(c) Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the Consolidated Balance Sheet.