Xcel Energy 2011 Annual Report Download - page 118

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108
(Thousands of Dollars) Jan. 1, 2009
Net Realized
Gains (Losses)
Net Unrealized
Gains (Losses)
Purchases,
Issuances, and
Settlements, Net
Dec. 31, 2009
Asset-backed securities .................
$
8,705 $
4 $
1,025 $
(1,441) $
8,293
Mortgage-backed securities..............
69,988 733 2,289 (25,932) 47,078
Total ................................
$
78,693 $
737 $
3,314 $
(27,373) $
55,371
Benefit Obligations — A comparison of the actuarially computed benefit obligation and plan assets for Xcel Energy is presented
in the following table:
(Thousands of Dollars) 2011 2010
Change in Projected Benefit Obligation:
Obligation at Jan. 1 ................................................................
.....
$
794,905 $
728,902
Service cost ................................................................
............
4,824 4,006
Interest cost ................................................................
............
42,086 42,780
Medicare subsidy reimbursements ................................
.......................
3,518 5,423
ERRP proceeds shared with retirees ................................
......................
4,269 -
Plan amendments ................................................................
.......
(26,630) -
Plan participants’ contributions ................................
..........................
15,690 14,315
Actuarial loss ................................................................
..........
8,823 68,126
Benefit payments ................................................................
.......
(70,638) (68,647)
Obligation at Dec. 31 ................................................................
...
$
776,847 $
794,905
Change in Fair Value of Plan Assets:
Fair value of plan assets at Jan. 1................................
.........................
$
432,230 $
384,689
Actual return on plan assets ................................
.............................
535 53,430
Plan participants’ contributions ................................
..........................
15,690 14,315
Employer contributions ................................................................
.
49,018 48,443
Benefit payments ................................................................
.......
(70,638) (68,647)
Fair value of plan assets at Dec. 31 ................................
.......................
$
426,835 $
432,230
(Thousands of Dollars) 2011 2010
Funded Status of Plans at Dec. 31:
Funded status .........................................................................
$
(350,012) $
(362,675)
Current assets .........................................................................
332 -
Current liabilities ......................................................................
(7,594) (5,392)
Noncurrent liabilities ..................................................................
(342,750) (357,283)
Net postretirement amounts recognized on consolidated balance sheets.....................
$
(350,012) $
(362,675)
Amounts Not Yet Recognized as Components of Net Periodic Benefit Cost:
Net loss...............................................................................
$
246,846 $
221,335
Prior service credit.....................................................................
(50,652) (28,954)
Transition obligation...................................................................
15,147 29,591
Total .................................................................................
$
211,341 $
221,972
Amounts Related to the Funded Status of the Plans Have Been Recorded as Follows
Based Upon Expected Recovery in Rates:
Current regulatory assets ...............................................................
$
26,139 $
20,225
Noncurrent regulatory assets............................................................
176,730 197,952
Current regulatory liabilities ............................................................
(1,866) -
Noncurrent regulatory liabilities ........................................................
- (6,423)
Deferred income taxes .................................................................
4,207 4,159
Net-of-tax accumulated other comprehensive income .....................................
6,131 6,059
Total .................................................................................
$
211,341 $
221,972
Measurement date .....................................................................
Dec. 31, 2011
Dec. 31, 2010
Significant Assumptions Used to Measure Benefit Obligations:
Discount rate for year-end valuation.....................................................
5.00%
5.50%
Mortality table ........................................................................
RP 2000 RP 2000
Health care costs trend rate - initial......................................................
6.31%
6.50%