Xcel Energy 2011 Annual Report Download - page 122

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112
The following tables present the cost and fair value of Xcel Energy’s non-derivative instruments with recurring fair value
measurements in the nuclear decommissioning fund at Dec. 31, 2011 and 2010:
Dec. 31, 2011
Fair Value
(Thousands of Dollars) Cost Level 1 Level 2 Level 3 Total
Nuclear decommissioning fund (a)
Cash equivalents
......................
$
26,123 $
7,103 $
19,020 $
- $
26,123
Commingled funds
....................
320,798 - 311,105 - 311,105
International equity funds
..............
63,781 - 58,508 - 58,508
Private equity investments
..............
9,203 - - 9,203 9,203
Real estate
............................
24,768 - - 26,395 26,395
Debt securities:
Government securities
...............
116,490 - 117,256 - 117,256
U.S. corporate bonds
.................
187,083 - 193,516 - 193,516
International corporate bonds
.........
35,198 - 35,804 - 35,804
Municipal bonds
.....................
60,469 - 64,731 - 64,731
Asset-backed securities
..............
16,516 - - 16,501 16,501
Mortgage-backed securities
...........
75,627 - - 78,664 78,664
Equity securities:
Common stock
......................
408,122 398,625 - - 398,625
Total
...............................
$
1,344,178 $
405,728 $
799,940 $
130,763 $
1,336,431
(a) Reported in nuclear decommissioning fund and other investments on the consolidated balance sheet, which also includes $92.7 million of equity investments
in unconsolidated subsidiaries and $34.3 million of miscellaneous investments.
Dec. 31, 2010
Fair Value
(Thousands of Dollars) Cost Level 1 Level 2 Level 3 Total
Nuclear decommissioning fund (a)
Cash equivalents
......................
$
83,837 $
76,281 $
7,556 $
-
$
83,837
Commingled funds
....................
131,000 - 133,080 -
133,080
International equity funds
..............
54,561 - 58,584 -
58,584
Debt securities:
Government securities
...............
146,473 - 146,654 -
146,654
U.S. corporate bonds
.................
279,028 - 288,304 -
288,304
International corporate bonds
.........
1,233 - 1,581 -
1,581
Municipal bonds
.....................
100,277 - 97,557 -
97,557
Asset-backed securities
..............
32,558 - - 33,174
33,174
Mortgage-backed securities
...........
68,072 - - 72,589
72,589
Equity securities:
Common stock
......................
436,334 435,270 - -
435,270
Total
...............................
$
1,333,373 $
511,551 $
733,316 $
105,763
$
1,350,630
(a) Reported in nuclear decommissioning fund and other investments on the consolidated balance sheet, which also includes $97.6 million of equity investments
in unconsolidated subsidiaries and $28.2 million of miscellaneous investments.
The following tables present the changes in Level 3 nuclear decommissioning fund investments:
(Thousands of Dollars) Jan. 1, 2011 Purchases Settlements
Gains (Losses)
Recognized as
Regulatory Assets
and Liabilities Dec. 31, 2011
Asset-backed securities ..............
$
33,174 $
16,518 $
(32,560) $
(631
) $
16,501
Mortgage-backed securities...........
72,589 168,688 (161,134) (1,479
) 78,664
Real estate ..........................
- 24,768 - 1,627
26,395
Private equity investments............
- 9,203 - -
9,203
Total .............................
$
105,763 $
219,177 (193,694) $
(483
) $
130,763 $