Duke Energy 2012 Annual Report Download - page 210

190
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)
Duke Energy Indiana
The following tables provide the fair value measurement amounts for assets and liabilities recorded on Duke Energy Indiana’s Consolidated Balance Sheets.
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
Available-for-sale equity securities(a) $ 49 $ 49 $ — $—
Available-for-sale debt securities(a) 29 — 29 —
Derivative assets(b) 10 — — 10
Total assets 88 49 29 $ 10
Derivative liabilities(c) (63) — (63) —
Net assets (liabilities) $ 25 $ 49 $(34) $ 10
(a) Included in Other within Investments and Other Assets on the Consolidated Balance Sheets.
(b) Included in Other within Current 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 Sheets.
December 31, 2011
(in millions) Total Fair Value Level 1 Level 2 Level 3
Available-for-sale equity securities(a) $ 46 $ 46 $ — $—
Available-for-sale debt securities(a) 28 — 28 —
Derivative assets(b) 4 — — 4
Total assets 78 46 28 $ 4
Derivative liabilities(c) (69) (1) (68) —
Net assets (liabilities) $ 9 $ 45 $(40) $ 4
(a) Included in Other within Investments and Other Assets on the Consolidated Balance Sheets.
(b) Included in Other within Current 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 Sheets.
The following tables provide 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 signifi cant unobservable inputs (Level 3).
Year Ended December 31, 2012
(in millions)
Derivatives
(net)
Balance at December 31, 2011 $4
Total pre-tax realized or unrealized gains (losses) included in earnings:
Regulated electric 36
Purchases, sales, issuances and settlements:
Sales 22
Settlements (52)
Balance at December 31, 2012 $ 10