Duke Energy 2012 Annual Report Download - page 218

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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)
Progress Energy Carolinas
The following table presents the estimated fair value of short-term and long-term investments for Progress Energy Carolinas. For investments held within the
NDTF, and investments within Grantor Trusts which are classifi ed as Other Investments below, unrealized holding gains and losses are recognized immediately and
recorded as Regulatory assets or Regulatory liabilities on the Consolidated Balance Sheets.
December 31, 2012 December 31, 2011
(in millions)
Gross
Unrealized
Holding
Gains
Gross
Unrealized
Holding
Losses
Estimated
Fair
Value
Gross
Unrealized
Holding
Gains
Gross
Unrealized
Holding
Losses
Estimated
Fair
Value
NDTF
Cash and cash equivalents $— $— $ 55 $— $— $ 49
Equity securities 337 11 811 262 20 690
Corporate debt securities 8—78 5—69
Municipal bonds 4—80 3—55
U.S. government bonds 13 — 241 16 — 225
Other debt securities 1—10 1—13
Total NDTF $363 $ 11 $1,275 $287 $ 20 $1,101
Other Investments
Cash and cash equivalents $— $— $ 3 $— $— $ 6
Total Other Investments(a) $— $— $ 3 $— $— $ 6
Total Investments $363 $ 11 $1,278 $287 $ 20 $1,107
(a) These amounts are recorded in Other within Investments and Other Assets on the Consolidated Balance Sheets.
The table below summarizes the maturity date for debt securities held by Progress Energy Carolinas.
(in millions) December 31, 2012
Due in one year or less $ 15
Due after one through fi ve years 116
Due after fi ve through 10 years 70
Due after 10 years 208
Total $409
The fair values and gross unrealized losses of available-for-sale debt and equity securities which are in an unrealized loss position for which other-than-temporary
impairment losses have not been recorded, summarized by investment type and length of time that the securities have been in a continuous loss position, are presented
in the table below for Progress Energy Carolinas.
December 31, 2012 December 31, 2011
(in millions) Fair Value
Unrealized
Loss
Position
>12 months
Unrealized
Loss
Position
<12 months Fair Value
Unrealized
Loss
Position
>12 months
Unrealized
Loss
Position
<12 months
NDTF
Equity securities $59 $2 $ 9 $69 $ 10 $ 10
Corporate debt securities 6——10——
Municipal bonds 18——8——
U.S. government bonds 49——9——
Other debt securities 1——2——
Total NDTF $133 $ 2 $ 9 $98 $ 10 $ 10