Duke Energy 2012 Annual Report Download - page 250

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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)
The following tables provide the fair value measurement amounts for the Progress Energy Master Trust qualifi ed pension assets.
Progress Energy
December 31, 2012
(in millions) Total Fair Value(a) Level 1 Level 2 Level 3
Progress Energy Master Trust
Equity securities $1,094 $361 $ 733 $ —
Corporate bonds 432 — 432 —
Partnership interests 154 — — 154
Hedge funds 313 — 189 124
U.S. government securities 515 405 110 —
Other investments 16 — 6 10
Governments bonds - foreign 6 — 6 —
Cash 160 113 47 —
Total assets(b) $2,690 $879 $1,523 $ 288
(a) Excludes $43 million in net payables associated with security purchases and sales.
(b) Progress Energy Carolinas and Progress Energy Florida were allocated approximately 48% and 44% of the Progress Energy Master Trust assets at December 31, 2012, respectively. Accordingly, all Level 1, 2 and 3 amounts
included in the table above are allocable to Progress Energy Carolinas and Progress Energy Florida using these percentages.
December 31, 2011
(in millions) Total Fair Value Level 1 Level 2 Level 3
Progress Energy Master Trust
Equity securities $ 803 $313 $ 490 $ —
Corporate bonds 407 — 407 —
Partnership interests 153 — — 153
Hedge funds 306 — 159 147
U.S. government securities 391 247 144 —
Other investments 16 — 5 11
Cash 115 82 33 —
Total assets(a) $2,191 $642 $1,238 $311
(a) Progress Energy Carolinas and Progress Energy Florida were allocated approximately 50% and 44% of the Progress Energy Master Trust assets at December 31, 2011, respectively. Accordingly, all Level 1, 2 and 3 amounts
included in the table above are allocable to Progress Energy Carolinas and Progress Energy Florida using these percentages.
The following tables provide the fair value measurement amounts for VEBA I other post-retirement assets.
December 31, 2012
(in millions) Total Fair Value Level 1 Level 2 Level 3
VEBA I
Cash and cash equivalents $ 22 $ — $22 $—
Equity securities 12 — 12 —
Debt securities 16 — 16 —
Total assets $ 50 $ — $50 $—
December 31, 2011
(in millions) Total Fair Value Level 1 Level 2 Level 3
VEBA I
Cash and cash equivalents $ 26 $ — $26 $—
Equity securities 11 — 11 —
Debt securities 16 — 16 —
Total assets $ 53 $ — $53 $—