Duke Energy 2014 Annual Report Download - page 191
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171
PART II
DUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. •
DUKE ENERGY PROGRESS, INC. • DUKE ENERGY FLORIDA, INC. • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, INC.
Combined Notes to Consolidated Financial Statements – (Continued)
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements.
Amounts included in earnings for derivatives are primarily included in Operating Revenues.
December 31, 2014
(in millions) Investments
Derivatives
(net) Total
Balance at beginning of period $ 98 $ 13 $ 111
Total pretax realized or unrealized gains (losses) included in earnings — (7) (7)
Purchases, sales, issuances and settlements:
Purchases 34 50 84
Sales (58) — (58)
Settlements — (54) (54)
Transfers into Level 3 68 6 74
Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities 14 (9) 5
Balance at end of period $ 156 $ (1) $ 155
Pretax amounts included in the Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding $ — $ (14) $ (14)
December 31, 2013
(in millions) Investments
Derivatives
(net) Total
Balance at beginning of period $ 98 $(85) $ 13
Total pretax realized or unrealized gains (losses) included in earnings — (42) (42)
Purchases, sales, issuances and settlements:
Purchases 92130
Sales (6) — (6)
Issuances — 11 11
Settlements (9) 25 16
Transfers into Level 3 —8686
Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities 6 (3) 3
Balance at end of period $ 98 $ 13 $111
December 31, 2012
(in millions) Investments
Derivatives
(net) Total
Balance at beginning of period $124 $(39) $ 85
Amounts acquired in Progress Energy Merger — (30) (30)
Total pretax realized or unrealized gains (losses) included in earnings — 8 8
Total pretax gains included in other comprehensive income 13 — 13
Purchases, sales, issuances and settlements:
Purchases 14 22 36
Sales (2) — (2)
Issuances — (15)(15)
Settlements (55) (32) (87)
Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities 4 1 5
Balance at end of period $ 98 $(85) $ 13