Eversource 2012 Annual Report Download - page 98
Download and view the complete annual report
Please find page 98 of the 2012 Eversource annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
 |
 |
85
As of December 31, 2012
Commodity Supply and
Collateral
Net Amount Recorded as
(Millions of Dollars)
Price Risk Management
and Netting (1)
Derivative Asset/(Liability) (2)
Current Derivative Assets:
Level 2:
Other
$
0.2
$
-
$
0.2
Level 3:
CL&P
17.7
(12.0)
5.7
Other
5.5
-
5.5
Total Current Derivative Assets
$
23.4
$
(12.0)
$
11.4
Long-Term Derivative Assets:
Level 3:
CL&P
$
159.7
$
(69.1)
$
90.6
Total Long-Term Derivative Assets
$
159.7
$
(69.1)
$
90.6
Current Derivative Liabilities:
Level 2:
Other
$
(19.9)
$
0.6
$
(19.3)
Level 3:
CL&P
(96.9)
-
(96.9)
NSTAR Electric
(1.0)
-
(1.0)
Total Current Derivative Liabilities
$
(117.8)
$
0.6
$
(117.2)
Long-Term Derivative Liabilities:
Level 2:
Other
$
(0.2)
$
-
$
(0.2)
Level 3:
CL&P
(865.6)
-
(865.6)
NSTAR Electric
(13.9)
-
(13.9)
WMECO
(3.0)
-
(3.0)
Total Long-Term Derivative Liabilities
$
(882.7)
$
-
$
(882.7)
As of December 31, 2011
Commodity Supply and
Collateral
Net Amount Recorded as
(Millions of Dollars)
Price Risk Management
and Netting (1)
Derivative Asset/(Liability) (2)
Current Derivative Assets:
Level 3:
CL&P
$
17.9 $ (11.6)
$
6.3
Other
4.7
-
4.7
Total Current Derivative Assets (3)
$ 22.6 $ (11.6)
$
11.0
Long-Term Derivative Assets:
Level 3:
CL&P
$
174.2
$
(80.4)
$
93.8
Other
4.6
-
4.6
Total Long-Term Derivative Assets
$
178.8
$
(80.4)
$
98.4
Current Derivative Liabilities:
Level 3:
CL&P
$
(95.9)
$
-
$
(95.9)
WMECO
(0.1)
-
(0.1)
Other
(16.1)
4.5
(11.6)
Total Current Derivative Liabilities
$
(112.1)
$
4.5
$
(107.6)
Long-Term Derivative Liabilities:
Level 3:
CL&P
$
(935.8)
$
-
$
(935.8)
WMECO
(7.2)
-
(7.2)
Other
(17.3)
0.4
(16.9)
Total Long-Term Derivative Liabilities
(4)
$
(960.3)
$
0.4
$
(959.9)
(1) Amounts represent cash collateral posted under master netting agreements and the netting of derivative assets and liabilities. See
"Credit Risk" below for discussion of cash collateral posted under master netting agreements.
(2) Current derivative assets are included in Prepayments and Other Current Assets on the accompanying consolidated balance
sheets. NSTAR Electric and WMECO derivative liabilities are included in Other Current Liabilities and Other Long-Term Liabilities
on their accompanying consolidated balance sheets.
(3) In addition to the amounts reflected in the table, as of December 31, 2011, NU had $2.3 million of hedging instruments that were
classified as Level 2 in the fair value hierarchy, which related to a fair value hedge that expired on April 2, 2012 and was included
in Prepayments and Other Current Assets on the accompanying consolidated balance sheet.