Entergy 2010 Annual Report Download - page 106

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Derivatives
The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of December 31, 2010 are as follows (in millions):
Instrument Balance sheet location Fair value(a) Offset(a) Business
Derivatives designated as hedging instruments
Assets:
Electricity futures, forwards, swaps, and options Prepayments and other (current portion) $160 $(7) Entergy Wholesale Commodities
Electricity futures, forwards, swaps, and options Other deferred debits and other assets
(non-current portion) $82 $(29) Entergy Wholesale Commodities
Liabilities:
Electricity futures, forwards, swaps, and options Other current liabilities (current portion) $5 $(5) Entergy Wholesale Commodities
Electricity futures, forwards, swaps, and options Other non-current liabilities
(non-current portion) $47 $(30) Entergy Wholesale Commodities
Derivatives not designated as hedging instruments
Assets:
Electricity futures, forwards, swaps, and options Prepayments and other (current portion) $2 $(-) Entergy Wholesale Commodities
Electricity futures, forwards, swaps, and options Other deferred debits and other assets
(non-current portion) $14 $(8) Entergy Wholesale Commodities
Liabilities:
Electricity futures, forwards, swaps, and options Other current liabilities (current portion) $2 $(2) Entergy Wholesale Commodities
Electricity futures, forwards, swaps, and options Other non-current liabilities
(non-current portion) $7 $(7) Entergy Wholesale Commodities
Natural gas swaps Other current liabilities $2 $(-) Utility
The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of December 31, 2009 are as follows (in millions):
Instrument Balance sheet location Fair value(a) Offset(a) Business
Derivatives designated as hedging instruments
Assets:
Electricity futures, forwards, swaps, and options Prepayments and other (current portion) $117 $(8) Entergy Wholesale Commodities
Electricity futures, forwards, swaps, and options Other deferred debits and other assets
(non-current portion) $95 $(4) Entergy Wholesale Commodities
Derivatives not designated as hedging instruments
Assets:
Natural gas swaps Prepayments and other $8 $(-) Utility
(a) The balances of derivative assets and liabilities in this table are presented gross. Certain investments, including those not designated as hedging instruments,
are subject to master netting agreements and are presented on the Entergy Consolidated Balance Sheets on a net basis in accordance with accounting guidance
for Derivatives and Hedging.
The effect of Entergy’s derivative instruments designated as cash flow hedges on the consolidated income statements for the years
ended December 31, 2010 and 2009 is as follows (in millions):
Amount of gain (loss)
Amount of gain (loss) reclassified from
recognized in OCI accumulated OCI into
Instrument (effective portion) Income statement location income (effective portion)
2010
Electricity futures, forwards, swaps, and options $206 Competitive businesses operating revenues $220
2009
Electricity futures, forwards, swaps, and options $315 Competitive businesses operating revenues $322
Notes to Consolidated Financial Statements continued
104