Duke Energy 2014 Annual Report Download - page 192

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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)
DUKE ENERGY CAROLINAS
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Consolidated Balance Sheets.
Derivative amounts in the table below exclude cash collateral, which is disclosed in Note 14. See Note 15 for additional information related to investments by major
security type.
December 31, 2014
(in millions) Total Fair Value Level 1 Level 2 Level 3
Nuclear decommissioning trust fund equity securities $2,162 $2,005 $ 6 $151
Nuclear decommissioning trust fund debt securities 870 138 732 —
Other trading and available-for-sale debt securities 3—— 3
Total assets $3,035 $2,143 $738 $154
Derivative liabilities (19) — (19) —
Net assets $3,016 $2,143 $719 $154
December 31, 2013
(in millions) Total Fair Value Level 1 Level 2 Level 3
Nuclear decommissioning trust fund equity securities $1,964 $1,879 $ 58 $27
Nuclear decommissioning trust fund debt securities 870 168 651 51
Other trading and available-for-sale debt securities 3 — — 3
Total assets $2,837 $2,047 $709 $ 81
Derivative liabilities (2) — — (2)
Net assets $2,835 $2,047 $709 $ 79
The following tables provide a reconciliation of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements.
December 31, 2014
(in millions) Investments
Derivatives
(net) Total
Balance at beginning of period $ 81 $ (2) $ 79
Purchases, sales, issuances and settlements:
Purchases 34 — 34
Sales (43) — (43)
Settlements —22
Transfers into Level 3 68 — 68
Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities 14 — 14
Balance at end of period $154 $ — $154