Eversource 2009 Annual Report Download - page 145

FS-60
The following is a summary of amounts recorded as regulatory assets as of December 31, 2009 and 2008 and the changes in those
amounts recorded during the years (millions of dollars):
NU As of December 31,
Pension SERP PBOP
2009 2008 2009 2008 2009 2008
Transition obligation at beginning of year $ 0.3 $ 0.5 $ - $ - $ 45.3 $56.6
Amounts reclassified as net periodic benefit expense (0.3) (0.2) - - (11.3) (11.3)
Transition obligation at end of year $ - $0.3 $- $-
$ 34.0 $45.3
Prior service cost at beginning of year $ 57.8 $ 67.2 $ 0.4 $ 0.5 $ (3.3) $(3.6)
Amounts reclassified as net periodic benefit income/(expense) (9.5) (9.6) (0.2) (0.1) 0.3 0.3
Prior service cost arising during the year (0.2) 0.2 - - - -
Prior service cost at end of year $ 48.1 $57.8 $0.2 $0.4
$ (3.0) $(3.3)
Net actuarial losses/(gains) at beginning of year $ 867.2 $ (24.2) $ 3.2 $ 1.8 $ 170.0 $102.6
Amounts reclassified as net periodic benefit expense (20.4) (5.6) (0.4) (0.2) (10.0) (10.4)
Actuarial losses arising during the year 22.6 897.0 4.7 1.6 15.9 77.8
Actuarial losses at end of year $ 869.4 $867.2 $7.5 $3.2
$ 175.9 $170.0
Total deferred benefit costs recorded as Regulatory assets $ 917.5 $925.3 $7.7 $3.6
$ 206.9 $212.0
The estimates of the above amounts that are expected to be recognized as portions of net periodic benefit expense in 2010 are as
follows (millions of dollars):
NU Estimated Expense in 2010
Pension SERP PBOP
Transition obligation $ - $ - $ 11.3
Prior service cost 9.5 0.1 (0.3)
Net actuarial loss 48.2 1.1 15.0
Total $ 57.7 $ 1.2 $ 26.0
The following is a summary of amounts recorded in Accumulated other comprehensive loss as of December 31, 2009 and 2008 and the
changes in those amounts recorded to Other comprehensive income/(loss) (millions of dollars):
As of December 31,
NU Pension SERP PBOP
2009 2008 2009 2008 2009 2008
Transition obligation at beginning of year $ - $ - $ - $ - $ 0.9 $1.2
Amounts reclassified as net periodic benefit expense - - - - (0.2) (0.3)
Transition obligation at end of year $ - $- $- $- $ 0.7 $0.9
Prior service cost at beginning of year $ 2.1 $ 2.7 $ - $ - $ - $-
Amounts reclassified as net periodic benefit expense (0.3) (0.3) - - - -
Prior service cost/(credit) arising during the year 0.2 (0.3) - - - -
Prior service cost at end of year $ 2.0 $2.1 $- $- $ - $-
Net actuarial losses/(gains) at beginning of year $ 42.4 $ (17.4) $ 0.1 $ 0.2 $ 8.8 $5.5
Amounts reclassified as net periodic benefit income/(expense) (0.1) 0.9 - - (0.5) (0.2)
Actuarial losses/(gains) arising during the year 8.8 58.9 (0.3) (0.1) 0.8 3.5
Actuarial losses/(gains) at end of year $ 51.1 $42.4 $(0.2) $0.1 $ 9.1 $8.8
Total Pension, SERP and PBOP in Accumulated other
comprehensive loss $ 53.1 $ 44.5 $ (0.2) $ 0.1 $ 9.8 $9.7
The estimates of the above amounts that are expected to be recognized as portions of net periodic benefit expense in 2010 are as
follows (millions of dollars):
Estimated Expense in 2010
NU Pension SERP PBOP
Transition obligation $ - $ - $ 0.2
Prior service cost/(credit) 0.3 - -
Net actuarial loss 2.6 - 0.7
Total $ 2.9 $ - $ 0.9
For further information, see Note 14, "Accumulated Other Comprehensive Income/(Loss)," to the consolidated financial statements.