CenterPoint Energy 2012 Annual Report Download - page 104
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82
The following tables present information about CenterPoint Energy’s assets and liabilities (including derivatives that are
presented net) measured at fair value on a recurring basis as of December 31, 2011 and 2012, and indicate the fair value hierarchy
of the valuation techniques utilized by CenterPoint Energy to determine such fair value.
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3) Netting
Adjustments (1)
Balance at
December 31,
2011
(in millions)
Assets
Corporate equities.................................. $ 387 $ — $ — $ — $ 387
Investments, including money market
funds................................................... 56———56
Natural gas derivatives .......................... 1 112 10 (16) 107
Total assets........................................ $ 444 $ 112 $ 10 $ (16) $ 550
Liabilities
Indexed debt securities derivative ......... $ — $ 197 $ — $ — $ 197
Natural gas derivatives .......................... 19 101 4 (72) 52
Total liabilities.................................. $ 19 $ 298 $ 4 $ (72) $ 249
(1) Amounts represent the impact of legally enforceable master netting agreements that allow CenterPoint Energy to settle
positive and negative positions and also include cash collateral of $56 million posted with the same counterparties.
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3) Netting
Adjustments (1)
Balance at
December 31,
2012
(in millions)
Assets
Corporate equities.................................. $ 542 $ — $ — $ — $ 542
Investments, including money market
funds................................................... 76———76
Natural gas derivatives .......................... 1 40 7 (6) 42
Total assets........................................ $ 619 $ 40 $ 7 $ (6) $ 660
Liabilities
Indexed debt securities derivative ......... $ — $ 268 $ — $ — $ 268
Natural gas derivatives .......................... 5 21 5 (15) 16
Total liabilities.................................. $ 5 $ 289 $ 5 $ (15) $ 284
(1) Amounts represent the impact of legally enforceable master netting agreements that allow CenterPoint Energy to settle
positive and negative positions and also include cash collateral of $9 million posted with the same counterparties.