XML 21 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
RISK MANAGEMENT ACTIVITIES (Tables)
 3 Months Ended
Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Assets and liabilities from risk management activities
The tables below show our assets and liabilities from risk management activities:
 
 
 
 
March 31, 2014
(Millions)
 
Balance Sheet Presentation *
 
Assets
 
Liabilities
Natural gas contracts
 
Other Current
 
$
0.6

 
$
0.1

FTRs
 
Other Current
 
0.7

 
0.2

Petroleum product contracts
 
Other Current
 
0.1

 
—

Coal contracts
 
Other Current
 
—

 
1.1

Coal contracts
 
Other Long-term
 
1.8

 
0.4

 
 
Other Current
 
1.4

 
1.4

 
 
Other Long-term
 
1.8

 
0.4

Total
 
 
 
$
3.2

 
$
1.8


*
We classify assets and liabilities from risk management activities as current or long-term based upon the maturities of the underlying contracts.
 
 
 
 
December 31, 2013
(Millions)
 
Balance Sheet Presentation *
 
Assets
 
Liabilities
Natural gas contracts
 
Other Current
 
$
0.6

 
$
0.1

FTRs
 
Other Current
 
1.5

 
0.3

Petroleum product contracts
 
Other Current
 
0.1

 
—

Coal contracts
 
Other Current
 
—

 
1.9

Coal contracts
 
Other Long-term
 
0.2

 
0.8

 
 
Other Current
 
2.2

 
2.3

 
 
Other Long-term
 
0.2

 
0.8

Total
 
 
 
$
2.4

 
$
3.1


*
We classify assets and liabilities from risk management activities as current or long-term based upon the maturities of the underlying contracts.
Potential effect of netting arrangements on our financial position for recognized derivative assets and liabilities
The following tables show the potential effect on our financial position of netting arrangements for recognized derivative assets and liabilities:
 
 
March 31, 2014
(Millions)
 
Gross Amount
 
Potential Effects of Netting, Including Cash Collateral
 
Net Amount
Derivative assets subject to master netting or similar arrangements
 
$
1.4

 
$
0.3

 
$
1.1

Derivative assets not subject to master netting or similar arrangements
 
1.8

 
 
 
1.8

Total risk management assets
 
$
3.2

 


 
$
2.9

 
 
 
 
 
 
 
Derivative liabilities subject to master netting or similar arrangements
 
$
0.3

 
$
0.3

 
$
—

Derivative liabilities not subject to master netting or similar arrangements
 
1.5

 
 
 
1.5

Total risk management liabilities
 
$
1.8

 


 
$
1.5


 
 
December 31, 2013
(Millions)
 
Gross Amount
 
Potential Effects of Netting, Including Cash Collateral
 
Net Amount
Derivative assets subject to master netting or similar arrangements
 
$
2.2

 
$
0.6

 
$
1.6

Derivative assets not subject to master netting or similar arrangements
 
0.2

 
 
 
0.2

Total risk management assets
 
$
2.4

 


 
$
1.8

 
 
 
 
 
 
 
Derivative liabilities subject to master netting or similar arrangements
 
$
0.4

 
$
0.4

 
$
—

Derivative liabilities not subject to master netting or similar arrangements
 
2.7

 
 
 
2.7

Total risk management liabilities
 
$
3.1

 


 
$
2.7
Cash collateral positions
The following table shows our cash collateral positions:
(Millions)
 
March 31, 2014
 
December 31, 2013
Cash collateral provided to others related to contracts under master netting or similar arrangements *
 
$
3.5

 
$
3.1

Cash collateral received from others related to contracts under master netting or similar arrangements *
 
—

 
0.2


*
Cash collateral provided to others is reflected in other current assets and cash collateral received from others is reflected in other current liabilities on the balance sheets.
Unrealized gains (losses) recorded related to non-hedge derivatives
The following table shows the unrealized gains (losses) recorded related to derivative contracts:
 
 
 
 
Three Months Ended March 31
(Millions)
 
Financial Statement Presentation
 
2014
 
2013
Natural gas
 
Balance Sheet — Regulatory assets (current)
 
$
0.2

 
$
1.0

Natural gas
 
Balance Sheet — Regulatory liabilities (current)
 
0.1

 
0.8

FTRs
 
Balance Sheet — Regulatory assets (current)
 
0.1

 
0.2

FTRs
 
Balance Sheet — Regulatory liabilities (current)
 
(0.1
)
 
(0.4
)
Coal
 
Balance Sheet — Regulatory assets (current)
 
0.2

 
1.9

Coal
 
Balance Sheet — Regulatory assets (long-term)
 
0.4

 
2.3

Coal
 
Balance Sheet — Regulatory liabilities (current)
 
—

 
(0.2
)
Coal
 
Balance Sheet — Regulatory liabilities (long-term)
 
1.6

 
(2.2
)
Notional volumes of outstanding non-hedge derivative contracts
We had the following notional volumes of outstanding derivative contracts:
 
 
March 31, 2014
 
December 31, 2013
Commodity
 
Purchases
 
Sales
 
Other  Transactions
 
Purchases
 
Sales
 
Other Transactions
Natural gas (millions of therms)
 
1,889.6

 
—

 
N/A

 
2,242.5

 
7.0

 
N/A

FTRs (millions of kilowatt-hours)
 
N/A

 
N/A

 
1,373.0

 
N/A

 
N/A

 
3,427.0

Petroleum products (barrels)
 
78,000.0

 
20,000.0

 
N/A

 
73,002.0

 
14,000.0

 
N/A

Coal contract (millions of tons)
 
4.3

 
—

 
N/A

 
4.8

 
—

 
N/A