Eversource 2010 Annual Report Download - page 112

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95
The following is a summary of amounts recorded as Regulatory Assets as of December 31, 2010 and 2009 and the changes in those
amounts recorded during the years:
As of December 31,
NU Pension SERP PBOP
(Millions of Dollars) 2010 2009 2010 2009 2010 2009
Net Actuarial Losses as of Beginning of Year $ 869.4 $ 867.2 $ 7.5 $ 3.2 $ 175.9 $ 170.0
A
mounts Reclassified as Net Periodic Benefit Expense (49.9) (20.4) (1.1) (0.4) (15.9) (10.0)
A
ctuarial Losses Arising During the Yea
r
44.0 22.6 1.3 4.7 4.2 15.9
Actuarial Losses as of End of Year $ 863.5 $ 869.4 $ 7.7 $ 7.5 $ 164.2 $ 175.9
Prior Service Cost/(Credit) as of Beginning of Year $ 48.1 $ 57.8 $ 0.2 $ 0.4 $ (3.0) $ (3.3)
A
mounts Reclassified as Net Periodic Benefit (Expense)/Income (9.5) (9.5) - (0.2) 0.3 0.3
Prior Service Credit Arising During the Year - (0.2) - - - -
Prior Service Cost/(Credit) as of End of Year $ 38.6 $ 48.1 $ 0.2 $ 0.2 $ (2.7) $ (3.0)
Transition Obligation as of Beginning of Year $ - $ 0.3 $ - $ - $ 34.0 $ 45.3
A
mounts Reclassified as Net Periodic Benefit Expense - (0.3) - - (11.3) (11.3)
Transition Obligation as of End of Year $ - $ - $ - $ - $ 22.7 $ 34.0
Total Deferred Benefit Costs Recorded as Regulatory Assets $ 902.1 $ 917.5 $ 7.9 $ 7.7 $ 184.2 $ 206.9
The estimates of the above amounts that are expected to be recognized as portions of net periodic benefit expense in 2011 are as
follows:
NU Estimated Expense in 2011
(Millions of Dollars) Pension SERP PBOP
Net Actuarial Loss $ 78.3 $ 1.1 $ 17.3
Prior Service Credit 9.5 - (0.3)
Transition Obligation - - 11.3
Total $ 87.8 $ 1.1 $ 28.3
The following is a summary of amounts recorded in Accumulated Other Comprehensive Loss as of December 31, 2010 and 2009 and
the changes in those amounts recorded to Other Comprehensive Income/(Loss):
As of December 31,
NU Pension SERP PBOP
(Millions of Dollars) 2010 2009 2010 2009 2010 2009
Net Actuarial Losses/(Gains) as of Beginning of Year $ 51.1 $ 42.4 $ (0.2) $ 0.1 $ 9.1 $ 8.8
A
mounts Reclassified as Net Periodic Benefit Expense (2.7) (0.1) - - (0.8) (0.5)
A
ctuarial Losses/(Gains) Arising During the Yea
r
3.6 8.8 0.1 (0.3) 0.7 0.8
Actuarial Losses/(Gains) as of End of Year $ 52.0 $ 51.1 $ (0.1) $ (0.2) $ 9.0 $ 9.1
Prior Service Cost as of Beginning of Year $ 2.0 $ 2.1 $ - $ - $ - $ -
A
mounts Reclassified as Net Periodic Benefit Expense (0.3) (0.3) - - - -
Prior Service Cost Arising During the Year - 0.2 - - - -
Prior Service Cost as of End of Year $ 1.7 $ 2.0 $ - $ - $ - $ -
Transition Obligation as of Beginning of Year $ - $ - $ - $ - $ 0.7 $ 0.9
A
mounts Reclassified as Net Periodic Benefit Expense - - - - (0.2) (0.2)
Transition Obligation as of End of Year $ - $ - $ - $ - $ 0.5 $ 0.7
Total Pension, SERP and PBOP in
Accumulated Other Comprehensive Loss $ 53.7
$ 53.1
$ (0.1)
$ (0.2)
$ 9.5 $ 9.8
The estimates of the above amounts that are expected to be recognized as portions of net periodic benefit expense in 2011 are as
follows:
NU Estimated Expense in 2011
(Millions of Dollars) Pension SERP PBOP
Net Actuarial Loss $ 4.6 $ - $ 0.9
Prior Service Cost 0.3 - -
Transition Obligation - - 0.2
Total $ 4.9 $ - $ 1.1
For further information, see Note 16, "Accumulated Other Comprehensive Income/(Loss)," to the consolidated financial statements.