Xcel Energy 2012 Annual Report Download - page 119

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109
Dec. 31, 2011
(Thousands of Dollars)
Level 1
Level 2
Level 3
Total
Cash equivalents ................................
...............
$
58,037
$
-
$
-
$
58,037
Derivatives................................
.....................
-
13,178
-
13,178
Government securities ................................
..........
-
65,746
-
65,746
Corporate bonds ................................
................
-
61,524
-
61,524
Asset-backed securities ................................
.........
-
-
7,867
7,867
Mortgage-backed securities................................
......
-
-
27,253
27,253
Preferred stock ................................
.................
-
423
-
423
Common stock ................................
.................
351
-
-
351
Private equity investments................................
.......
-
-
479
479
Commingled funds ................................
.............
-
202,912
-
202,912
Real estate ................................
.....................
-
-
144
144
Securities lending collateral obligation and other
..................
-
(11,079
)
-
(11,079)
Total................................
.........................
$
58,388
$
332,704
$
35,743
$
426,835
The following tables present the changes in Xcel Energy’s Level 3 postretirement benefit plan assets for the years ended Dec. 31,
2012, 2011 and 2010:
Purchases,
Net Realized
Net Unrealized
Issuances, and
(Thousands of Dollars)
Jan. 1, 2012
Gains (Losses)
Gains (Losses)
Settlements, Net
Dec. 31, 2012
Asset-backed securities
..........................
$ 7,867
$ (331
)
$
1,481
$
(8,260
)
$
757
Mortgage-backed securities
.......................
27,253
(724
)
3,301
10,128
39,958
Private equity investments
........................
479
-
(65
)
(414
)
-
Real estate ................................
......
144
-
35
(179
)
-
Total................................
..........
$ 35,743
$ (1,055
)
$
4,752
$
1,275
$
40,715
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
..........................
$ 2,585
$ (10
)
$
(664
)
$
5,956
$
7,867
Mortgage-backed securities
.......................
19,212
(1,669
)
2,623
7,087
27,253
Private equity investments
........................
-
12
53
414
479
Real estate ................................
......
-
(2
)
(34
)
180
144
Total................................
..........
$ 21,797
$ (1,669
)
$
1,978
$
13,637
$
35,743
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
..........................
$ 8,293
$ (259
)
$
2,073
$
(7,522
)
$
2,585
Mortgage-backed securities
.......................
47,078
(927
)
15,642
(42,581
)
19,212
Total................................
..........
$ 55,371
$ (1,186
)
$
17,715
$
(50,103
)
$
21,797
Benefit Obligations — A comparison of the actuarially computed benefit obligation and plan assets for Xcel Energy is presented
in the following table:
(Thousands of Dollars)
2012
2011
Change in Projected Benefit Obligation:
Obligation at Jan. 1 ................................
..............................
$
776,847
$
794,905
Service cost ................................................................
.....
4,203
4,824
Interest cost ................................................................
.....
37,861
42,086
Medicare subsidy reimbursements ................................
................
3,741
3,518
Early Retiree Reinsurance Program proceeds shared with retirees
....................
-
4,269
Plan amendments ................................
................................
(41,128)
(26,630
)
Plan participants’ contributions ................................
...................
14,241
15,690
Actuarial loss ................................................................
...
119,949
8,823
Benefit payments ................................
................................
(63,762)
(70,638
)
Obligation at Dec. 31 ................................
............................
$
851,952
$
776,847