Xcel Energy 2010 Annual Report Download - page 124
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114
The following tables present the changes in Level 3 postretirement benefit plan assets for the years ended Dec. 31, 2010 and
2009:
(Thousands of Dollars) Jan. 1, 2010
Realized and
Unrealized
Gains
Purchases,
Issuances, and
Settlements,
net Dec. 31,
2010
Asset-backed securities ............................. $ 8,293 $ 1,814 $ (7,522) $ 2,585
Mortgage-backed securities .......................... 47,078 14,715 (42,581) 19,212
(Thousands of Dollars) Jan. 1, 2009
Realized and
Unrealized
Gains
Purchases,
Issuances,
and
Settlements,
net Dec. 31,
2009
Asset-backed securities ............................. $ 8,705 $ 1,029 $ (1,441) $ 8,293
Mortgage-backed securities .......................... 69,988 3,022 (25,932) 47,078
Benefit Obligations — A comparison of the actuarially computed benefit obligation and plan assets for Xcel Energy
postretirement health care plans that benefit employees of its utility subsidiaries is presented in the following table:
(Thousands of Dollars) 2010 2009
Change in Projected Benefit Obligation:
Obligation at Jan. 1 ................................................................... $ 728,902 $ 794,597
Service cost .......................................................................... 4,006 4,665
Interest cost .......................................................................... 42,780 50,412
Medicare subsidy reimbursements ..................................................... 5,423 3,226
Plan amendments .....................................................................
—
(27,407)
Plan participants’ contributions ........................................................ 14,315 13,786
Actuarial loss (gain) .................................................................. 68,126 (47,446)
Benefit payments ..................................................................... (68,647) (62,931)
Obligation at Dec. 31 ................................................................. $ 794,905 $ 728,902
Change in Fair Value of Plan Assets:
Fair value of plan assets at Jan. 1 ....................................................... $ 384,689 $ 299,566
Actual return on plan assets ........................................................... 53,430 72,101
Plan participants’ contributions ........................................................ 14,315 13,786
Employer contributions ............................................................... 48,443 62,167
Benefit payments ..................................................................... (68,647) (62,931)
Fair value of plan assets at Dec. 31..................................................... $ 432,230 $ 384,689