Xcel Energy 2012 Annual Report Download - page 116

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106
Purchases,
Net Realized
Net Unrealized
Issuances, and
(Thousands of Dollars)
Jan. 1, 2011
Gains (Losses)
Gains (Losses)
Settlements, Net
Dec. 31, 2011
Asset-backed securities
..........................
$ 26,986
$ 2,391
$
(2,504
)
$
4,495
$
31,368
Mortgage-backed securities
.......................
113,418
1,103
(5,926
)
(35,073
)
73,522
Private equity investments
........................
122,223
3,971
12,412
20,757
159,363
Real estate ................................
......
73,701
(629
)
20,271
(56,237
)
37,106
Total................................
..........
$ 336,328
$ 6,836
$
24,253
$
(66,058
)
$
301,359
Purchases,
Net Realized
Net Unrealized
Issuances, and
(Thousands of Dollars)
Jan. 1, 2010
Gains (Losses)
Gains (Losses)
Settlements, Net
Dec. 31, 2010
Asset-backed securities
..........................
$ 47,825
$ 3,400
$
(7,078
)
$
(17,161
)
$
26,986
Mortgage-backed securities
.......................
144,006
13,719
(19,095
)
(25,212
)
113,418
Private equity investments
........................
82,098
(1,008
)
(24
)
41,157
122,223
Real estate ................................
......
66,704
(1,135
)
8,235
(103
)
73,701
Total................................
..........
$ 340,633
$ 14,976
$
(17,962
)
$
(1,319
)
$
336,328
Benefit Obligations — A comparison of the actuarially computed pension benefit obligation and plan assets for Xcel Energy is
presented in the following table:
(Thousands of Dollars)
2012
2011
Accumulated Benefit Obligation at Dec. 31 ................................
......
$
3,475,154
$
3,073,637
Change in Projected Benefit Obligation:
Obligation at Jan. 1 ................................
..............................
$
3,226,219
$
3,030,292
Service cost ................................................................
.....
86,364
77,319
Interest cost ................................................................
.....
157,035
161,412
Plan amendments ................................
................................
6,240
-
Actuarial loss ................................................................
...
400,429
195,369
Benefit payments ................................
................................
(236,757)
(238,173
)
Obligation at Dec. 31 ................................
............................
$
3,639,530
$
3,226,219
(Thousands of Dollars)
2012
2011
Change in Fair Value of Plan Assets:
Fair value of plan assets at Jan. 1................................
..................
$
2,670,280
$
2,540,708
Actual return on plan assets ................................
......................
312,167
230,401
Employer contributions ................................
..........................
198,093
137,344
Benefit payments ................................
................................
(236,757)
(238,173
)
Fair value of plan assets at Dec. 31 ................................
................
$
2,943,783
$
2,670,280
Funded Status of Plans at Dec. 31:
Funded status (a) ................................................................
.
$
(695,747)
$
(555,939
)
(a) Amounts are recognized in noncurrent liabilities on Xcel Energy’s consolidated balance sheets.
(Thousands of Dollars)
2012
2011
Amounts Not Yet Recognized as Components of Net Periodic Benefit Cost:
Net loss................................................................
.........
$
1,800,770
$
1,610,946
Prior service (credit) cost................................
.........................
(2,633)
18,432
Total ................................................................
...........
$
1,798,137
$
1,629,378