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INVESTMENTS IN SUBSIDIARIES AND OTHER PROPERTY
 12 Months Ended
Dec. 31, 2012
INVESTMENTS IN SUBSIDIARIES AND OTHER PROPERTY [Abstract]  
Investments and Other Noncurrent Assets [Text Block]

NOTE 4.       HYPERLINK \l "Investments"INVESTMENTS IN SUBSIDIARIES AND OTHER PROPERTY

 

Investments in subsidiaries and other property consisted of the following as of December 31 (dollars in thousands):

   2012 2011 
 NVE      
  Investments held in Rabbi Trust(1)$32,519 $29,182 
  Cash Value-Life Insurance 2,807  2,735 
  Non-utility property of NEICO  4,898  5,517 
  Property not designated for Utility use 16,083  19,235 
  Other non-utility property 353  352 
 Total investments and other property$56,660 $57,021 

   2012 2011 
 NPC      
  Investments held in Rabbi Trust(1)$26,383 $23,675 
  Cash Value-Life Insurance 2,807  2,735 
  Non-utility property of NEICO 4,898  5,517 
  Property not designated for Utility use 15,720  18,841 
 Total investments and other property$49,808 $50,768 

   2012 2011 
 SPPC      
  Investments held in Rabbi Trust(1)$ 6,136 $ 5,507 
  Property not designated for Utility use  363   394 
 Total investments and other property$ 6,499 $ 5,901 

  • Rabbi Trust assets represent non-qualified deferred compensation and certain defined benefit plans, which consist of actively traded money market and equity funds with quoted prices in active markets which are considered level 1 in the fair value hierarchy. The balance also includes life insurance policies, which are recorded at the cash surrender value of $19.9 million and $13.5 million at December 31, 2012 and 2011, respectively.