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NOTE 11: FAIR VALUE MEASUREMENTS (Continued)
The following table provides a summary of available-for-sale investments held in the Utility’s nuclear
decommissioning trusts:
Total Total
Amortized Unrealized Unrealized Total Fair
Cost Gains Losses Value(1)
(in millions)
As of December 31, 2011
Equity securities
U.S. ............................. $ 334 $518 $ (3) $ 849
Non-U.S. ......................... 194 131 (2) 323
Debt securities
U.S. government and agency securities .... 798 102 — 900
Municipal securities .................. 56 2 — 58
Other fixed-income securities ........... 96 3 — 99
Total .............................. $1,478 $756 $ (5) $2,229
As of December 31, 2010
Equity securities
U.S. ............................. $ 509 $529 $ (2) $1,036
Non-U.S. ......................... 180 170 (1) 349
Debt securities
U.S. government and agency securities .... 571 55 (2) 624
Municipal securities .................. 119 1 (1) 119
Other fixed-income securities ........... 65 1 — 66
Total .............................. $1,444 $756 $ (6) $2,194
(1) Excludes $188 million and $185 million at December 31, 2011 and 2010, respectively, primarily related to deferred taxes on
appreciation of investment value.
The debt securities mature on the following schedule:
As of
December 31, 2011
(in millions)
Less than 1 year ............................................. $ 60
1 - 5 years ................................................. 359
5 - 10 years ................................................ 294
More than 10 years .......................................... 344
Total maturities of debt securities ................................ $1,057
The following table provides a summary of activity for the debt and equity securities:
2011 2010 2009
(in millions)
Proceeds from sales and maturities of nuclear decommissioning trust investments ....... $1,928 $1,405 $1,351
Gross realized gains on sales of securities held as available-for-sale ................. 43 42 27
Gross realized losses on sales of securities held as available-for-sale ................. (30) (11) (55)
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