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Note 5 - Derivative Instruments (Detail) - Derivative Instruments on the Consolidated Statements of Income (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Natural gas contracts – loss reclassified from OCI into cost of goods sold for settlement of hedged item $ 14 $ 3
Total gains on derivative instruments 2 10
Designated as Hedging Instrument [Member] | Natural Gas Contracts [Member]
   
Natural gas contracts – loss reclassified from OCI into cost of goods sold for settlement of hedged item (1) 0
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
   
Interest rate swaps – ineffectiveness recorded as an offset to interest expense 2 0
Not Designated as Hedging Instrument [Member] | Natural Gas Contracts [Member]
   
Natural gas contracts – fair value adjustments recorded in operating revenues (1) 4 [1] 11 [1]
Natural gas contracts – net gain fair value adjustments recorded in cost of goods sold (2) (2) [2] (1) [2]
Natural gas contracts – net loss fair value adjustments recorded in operation and maintenance expense $ (1) $ 0
[1] Associated with the fair value of existing derivative instruments at March 31, 2012 and 2011.
[2] Excludes losses recorded in cost of goods sold associated with weather derivatives of $14 million for the three months ended March 31, 2012 and gains of $3 million for the three months ended March 31, 2011.