Xcel Energy 2010 Annual Report Download - page 128

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118
The following tables detail the impact of derivative activity during the years ended Dec. 31, 2010 and Dec. 31, 2009, respectively,
on OCI, regulatory assets and liabilities and income:
Dec. 31, 2010
Pre-Tax
Gains
Recognized
During the
Period in
Income
Fair Value Pre-Tax Amounts
Changes Recognized
During the Period in: Reclassified into Income
During the Period from:
(Thousands of Dollars)
Other
Comprehensive
Losses
Regulatory
Assets and
Liabilities
Other
Comprehensive
Income
Regulatory
Assets and
Liabilities
Derivatives designated as cash flow hedges
Interest rate .............................. . $ (7,210) $
—
$ 1,107(a) $
—
$
—
Vehicle fuel and other commodity.. ..... .. . (238)
—
3,474(e)
—
—
Total ............ ............ .... ....... $ (7,448) $
—
$ 4,581 $
—
$
—
Other derivative instruments
Trading commodity . ....... .... ............ $
—
$
—
$
—
$
—
$ 11,004(b)
Electric commodity .. .. .. .. .... .... .. ......
—
3,969
—
)c() 048,12(
—
Natural gas commodity ... .... .... .. .......
—
(105,396)
—
51,034(d)
—
Other .... .. ............. .. .... .... ....... .
—
—
—
—
135(b)
Total ............ ............ .... ....... $
—
$ (101,427) $
—
$ 29,194 $ 11,139
Dec. 31, 2009
Pre-Tax
Gains
(Losses)
Recognized
During the
Period in
Income
Fair Value Pre-Tax Amounts
Changes Recognized
During the Period in: Reclassified into Income
During the Period from:
(Thousands of Dollars)
Other
Comprehensive
Income
(Losses)
Regulatory
Assets and
Liabilities
Other
Comprehensive
Income
Regulatory
Assets and
Liabilities
Derivatives designated as cash flow hedges
Interest rate .............................. $ (3,840) $
—
$ 6,064(a) $
—
$
—
Electric commodity .. .. .. .. .... .... .. .....
—
(18,599)
—
(4,755)(c)
—
Natural gas commodity ... .... .... .. ......
—
(15,830)
—
78,488(d) (30,241 )(d)
Vehicle fuel and other commodity.. ..... .. 2,287
—
6,391(e)
—
—
Total ............ ............ .... ...... $ (1,553) $ (34,429) $ 12,455 $ 73,733 $ (30,241 )
Other derivative instruments
Interest rate .............................. $
—
$
—
$
—
$
—
$ 2,503(a)
Trading commodity . .. ..... .... .......... .
—
—
—
—
9,866(b)
Electric commodity .. .. .. .. .... .... .. .....
—
20,607
—
(343)(c)
—
Natural gas commodity ... .... .... .. ......
—
3,962
—
9,307(d)
—
Other ...... ............. .. .... .... .......
—
—
—
—
(160 )(b)
Total ............ ............ .... .... .. $
—
$ 24,569 $
—
$ 8,964 $ 12,209
(a) Recorded to interest charges.
(b) Recorded to electric operating revenues. Portions of these total gains and losses are subject to sharing with electric customers through margin-sharing
mechanisms and deducted from gross revenue, as appropriate.
(c) Recorded to electric fuel and purchased power; these derivative settlement gains and losses are shared with electric customers through fuel and purchased
energy cost-recovery mechanisms, and reclassified out of income as regulatory assets or liabilities, as appropriate.
(d) Recorded to cost of natural gas sold and transported; these derivative settlement gains and losses are shared with natural gas customers through purchased
natural gas cost-recovery mechanisms, and reclassified out of income as regulatory assets or liabilities, as appropriate.
(e) Recorded to other O&M expenses.