Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2011

Summary of Derivative Instruments [Abstract]

Derivative instruments on Consolidated Statements of Income and Accumulated Other Comprehensive Income

The following table presents the pre-tax effects of the derivative instruments designated as a fair value hedge (including the hedged item) and cash flow hedges on the Consolidated Statements of Income as well as the pre-tax effects of the derivative instruments designated as cash flow hedges on OCI:

	Financial Statement	Year Ended December 31,
Instrument and Activity	Location of Gain (Loss)	2011			2010		2009
		(in millions)
Fair Value Hedge
Questar Corporation
Interest rate derivative instrument
Realized and unrealized gain	Interest expense	$	9.8		$	—	$	—
2.75% Notes due 2016
Unrealized loss	Interest expense	(9.8		)	—		—
Cash Flow Hedges
Questar Pipeline
Interest rate derivative instruments
Deferrals of effective portions	OCI	(37.3		)	—		—
Losses reclassified from AOCI into earnings for effective portions	Interest expense	(0.1		)	—		—

Derivative instruments in Condensed Consolidated Balance Sheets

The following table discloses the Level 2 fair value of the derivative instrument designated as a fair value hedge in the Consolidated Balance Sheets:

		December 31,
Instrument	Balance Sheet Location	2011		2010
		(in millions)
Assets
Questar Corporation
Interest rate derivative instrument	Prepaid expenses and other	$	1.1	$	—
Interest rate derivative instrument	Other noncurrent assets	7.8		—
Consolidated total - derivative assets		$	8.9	$	—

Information about derivative instruments

The following table provides additional information about the Company's derivative instrument as of December 31, 2011:

Instrument Type	Accounting Treatment	Maturity Date	Fixed Interest Rate(1)		Notional Amount
					(in millions)
Questar Corporation
Interest rate swap - pay floating, receive fixed	Fair value hedge	2016	2.75	%	$	125.0

⁽¹⁾ Floating rate is based on 6-month U.S. dollar LIBOR.