Fair Value Measurements (Tables)

3 Months Ended

Dec. 31, 2012

Recurring Fair Value Measures Of Assets And Liabilities



Recurring Fair Value Measures	At fair value as of December 31, 2012
(Thousands of Dollars)	Level 1	Level 2	Level 3	Netting Adjustments⁽¹⁾	Total

Assets:
Cash Equivalents – Money Market Mutual Funds	$ 33,215	$ -	$ -	$ -	$ 33,215
Derivative Financial Instruments:
Commodity Futures Contracts – Gas	2,841	-	-	(2,211)	630
Over the Counter Swaps – Oil	-	186	719	(1,332)	(427)
Over the Counter Swaps – Gas	-	58,983	-	(22,051)	36,932
Other Investments:
Balanced Equity Mutual Fund	28,586	-	-	-	28,586
Common Stock – Financial Services Industry	5,371	-	-	-	5,371
Other Common Stock	273	-	-	-	273
Total	$ 70,286	$ 59,169	$ 719	$ (25,594)	$ 104,580

Liabilities:
Derivative Financial Instruments:
Commodity Futures Contracts – Gas	$ 2,211	$ -	$ -	$ (2,211)	$ -
Over the Counter Swaps – Oil	-	1,133	14,808	(1,332)	14,609
Over the Counter Swaps – Gas	-	21,258	-	(22,051)	(793)
Total	$ 2,211	$ 22,391	$ 14,808	$ (25,594)	$ 13,816

Total Net Assets/(Liabilities)	$ 68,075	$ 36,778	$ (14,089)	$ -	$ 90,764

DDE
Recurring Fair Value Measures	At fair value as of September 30, 2012
(Thousands of Dollars)	Level 1	Level 2	Level 3	Netting Adjustments⁽¹⁾	Total

Assets:
Cash Equivalents – Money Market Mutual Funds	$ 46,113	$ -	$ -	$ -	$ 46,113
Derivative Financial Instruments:
Commodity Futures Contracts – Gas	4,348	-	-	(2,760)	1,588
Over the Counter Swaps – Gas	-	41,751	-	(15,723)	26,028
Over the Counter Swaps – Oil	-	-	559	(559)	-
Other Investments:
Balanced Equity Mutual Fund	24,767	-	-	-	24,767
Common Stock – Financial Services Industry	4,758	-	-	-	4,758
Other Common Stock	272	-	-	-	272
Hedging Collateral Deposits	364	-	-	-	364
Total	$ 80,622	$ 41,751	$ 559	$ (19,042)	$ 103,890

Liabilities:
Derivative Financial Instruments:
Commodity Futures Contracts – Gas	$ 2,760	$ -	$ -	(2,760)	$ -
Over the Counter Swaps – Gas	-	19,932	-	(15,723)	4,209
Over the Counter Swaps – Oil	-	654	20,223	(559)	20,318
Total	$ 2,760	$ 20,586	$ 20,223	$ (19,042)	$ 24,527

Total Net Assets/(Liabilities)	$ 77,862	$ 21,165	$ (19,664)	$ -	$ 79,363

Amounts represent the impact of legally-enforceable master netting arrangements that allow the Company to net gain and loss positions held with the same counterparties.

Fair Value Measurements Using Unobservable Inputs (Level 3)


Fair Value Measurements Using Unobservable Inputs (Level 3)
(Thousands of Dollars)		Total Gains/Losses
	October 1, 2012	(Gains)/ Losses Realized and Included in Earnings	Gains/(Losses) Unrealized and Included in Other Comprehensive Income (Loss)	Transfer In/Out of Level 3	December 31, 2012

Derivative Financial Instruments⁽²⁾	$ (19,664)	$2,261⁽¹⁾	$ 3,314	$ -	$ (14,089)

⁽¹⁾Amounts are reported in Operating Revenues in the Consolidated Statement of Income for the three months ended December 31, 2012.

⁽²⁾Derivative Financial Instruments are shown on a net basis.



Fair Value Measurements Using Unobservable Inputs (Level 3)
(Thousands of Dollars)		Total Gains/Losses
	October 1, 2011	(Gains)/ Losses Realized and Included in Earnings	Gains/(Losses) Unrealized and Included in Other Comprehensive Income (Loss)	Transfer In/Out of Level 3	December 31, 2011

Derivative Financial Instruments⁽²⁾	$(5,410)	$12,612⁽¹⁾	$(61,975)	$ -	$(54,773)

⁽¹⁾Amounts are reported in Operating Revenues in the Consolidated Statement of Income for the three months ended December 31, 2011.

⁽²⁾Derivative Financial Instruments are shown on a net basis.

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details

- Definition

The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 33

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 6

-Footnote 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details