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RISK MANAGEMENT ACTIVITIES (Tables)
 3 Months Ended
Mar. 31, 2013
RISK MANAGEMENT ACTIVITIES  
Assets and liabilities from risk management activities
 
 
March 31, 2013
(Millions)
Balance Sheet Presentation *
Assets from
Risk Management Activities
Liabilities from
Risk Management Activities
Utility Segments
 
 

 

Nonhedge derivatives
 
 

 

Natural gas contracts
Current
$
9.8

$
3.7

Natural gas contracts
Long-term
1.9

—

Financial transmission rights (FTRs)
Current
1.0

0.1

Petroleum product contracts
Current
0.1

—

Coal contracts
Current
0.1

2.8

Coal contracts
Long-term
—

2.0

Cash flow hedges
 
 

Natural gas contracts
Current
—

0.1

Nonregulated Segments
 
 

 

Nonhedge derivatives
 
 

 

Natural gas contracts
Current
24.3

19.7

Natural gas contracts
Long-term
10.0

5.3

Electric contracts
Current
147.2

114.5

Electric contracts
Long-term
38.4

42.0

 
Current
182.5

140.9

 
Long-term
50.3

49.3

Total
 
$
232.8

$
190.2


*   We classify assets and liabilities from risk management activities as current or long-term based upon the maturities of the underlying contracts.
 
 
December 31, 2012
(Millions)
Balance Sheet Presentation *
Assets from
Risk Management Activities
Liabilities from
Risk Management Activities
Utility Segments
 
 

 

Nonhedge derivatives
 
 

 

Natural gas contracts
Current
$
2.5

$
14.0

Natural gas contracts
Long-term
0.9

0.8

FTRs
Current
2.1

0.1

Petroleum product contracts
Current
0.2

—

Coal contracts
Current
0.3

4.7

Coal contracts
Long-term
2.2

4.3

Cash flow hedges
 
 

 

Natural gas contracts
Current
—

0.4

Nonregulated Segments
 
 

 

Nonhedge derivatives
 
 

 

Natural gas contracts
Current
51.7

48.5

Natural gas contracts
Long-term
11.5

7.6

Electric contracts
Current
88.6

114.2

Electric contracts
Long-term
30.7

45.7

 
Current
145.4

181.9

 
Long-term
45.3

58.4

Total
 
$
190.7

$
240.3


*   We classify assets and liabilities from risk management activities as current or long-term based upon the maturities of the underlying contracts.
Schedule of potential effect of netting arrangements on financial position for recognized derivative assets and liabilities
 
March 31, 2013
(Millions)
Gross Amount
Gross Amount Not Offset in the Balance Sheet, including Cash Collateral
Net Amount
Derivative assets subject to master netting or similar arrangements
 
 

 

Utility Segments
$
12.8

$
3.4

$
9.4

Nonregulated Segments
219.7

160.3

59.4

Total
232.5

163.7

68.8

Derivative assets not subject to master netting or similar arrangements
0.3

0.3

Total risk management assets
$
232.8



$
69.1

Derivative liabilities subject to master netting or similar arrangements
 
 

 

Utility Segments
$
3.9

$
3.4

$
0.5

Nonregulated Segments
181.4

160.3

21.1

Total
185.3

163.7

21.6

Derivative liabilities not subject to master netting or similar arrangements
4.9

4.9

Total risk management liabilities
$
190.2



$
26.5


 
December 31, 2012
(Millions)
Gross Amount
Gross Amount Not Offset in the Balance Sheet, including Cash Collateral
Net Amount
Derivative assets subject to master netting or similar arrangements
 
 

 

Utility Segments
$
5.7

$
3.0

$
2.7

Nonregulated Segments
182.5

145.4

37.1

Total
188.2

148.4

39.8

Derivative assets not subject to master netting or similar arrangements
2.5

2.5

Total risk management assets
$
190.7



$
42.3

Derivative liabilities subject to master netting or similar arrangements
 
 

 

Utility Segments
$
15.3

$
3.8

$
11.5

Nonregulated Segments
215.4

159.8

55.6

Total
230.7

163.6

67.1

Derivative liabilities not subject to master netting or similar arrangements
9.6

9.6

Total risk management liabilities
$
240.3



$
76.7


Cash collateral positions
(Millions)
March 31, 2013
December 31, 2012
Cash collateral provided to others:
Related to contracts under master netting or similar arrangements
$
24.3

$
39.9

Other
1.1

1.1

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

0.2


*   Reflected in other current liabilities on the balance sheets.
Credit risk derivatives in a liability position
(Millions)
March 31, 2013
December 31, 2012
Integrys Energy Services
$
67.2

$
108.9

Utility segments
3.8

14.0

Collateral requirements related to credit-risk related contingent features in commodity instruments
(Millions)
March 31, 2013
December 31, 2012
Collateral that would have been required:
 

 

Integrys Energy Services
$
124.6

$
173.8

Utility segments
0.4

10.1

Collateral already satisfied:
 

 

Integrys Energy Services — Letters of credit
3.2

3.2

Collateral remaining:


 

Integrys Energy Services
121.4

170.6

Utility segments
0.4

10.1

Utility Segments, Notional volumes of outstanding nonhedge derivative contracts
 
March 31, 2013
December 31, 2012
 
Purchases
Sales
Other
Transactions
Purchases
Sales
Other
Transactions
Natural gas (millions of therms)
595.4

—

N/A

1,072.6

0.1
N/A

FTRs (millions of kilowatt-hours)
N/A

N/A

1,579.0

N/A

N/A
4,057.2

Petroleum products (barrels)
50,855.0

N/A

N/A

62,811.0

N/A
N/A

Coal contracts (millions of tons)
4.7

0.2

N/A

5.1

N/A
N/A

Utility Segments, Unrealized gains (losses) related to nonhedge derivatives at the utilities
 
 
Three Months Ended
March 31
(Millions)
Financial Statement Presentation
2013
2012
Natural gas contracts
Balance Sheet — Regulatory assets (current)
$
13.0

$
(6.4
)
Natural gas contracts
Balance Sheet — Regulatory assets (long-term)
0.8

(0.8
)
Natural gas contracts
Balance Sheet — Regulatory liabilities (current)
5.9

(3.7
)
Natural gas contracts
Balance Sheet — Regulatory liabilities (long-term)
0.8

0.1

Natural gas contracts
Income Statement — Utility cost of fuel, natural gas, and purchased power
—

0.1

Natural gas contracts
Income Statement — Operating and maintenance expense
0.2

—

FTRs
Balance Sheet — Regulatory assets (current)
0.2

0.4

FTRs
Balance Sheet — Regulatory liabilities (current)
(0.4
)
(0.3
)
Petroleum product contracts
Balance Sheet — Regulatory assets (current)
—

0.1

Petroleum product contracts
Balance Sheet — Regulatory liabilities (current)
—

0.1

Petroleum product contracts
Income Statement — Operating and maintenance expense
—

0.1

Coal contracts
Balance Sheet — Regulatory assets (current)
1.9

(3.1
)
Coal contracts
Balance Sheet — Regulatory assets (long-term)
2.3

(3.5
)
Coal contracts
Balance Sheet — Regulatory liabilities (current)
(0.2
)
—

Coal contracts
Balance Sheet — Regulatory liabilities (long-term)
(2.2
)
—

Nonregulated Segments, Notional volumes of outstanding nonhedge derivative contracts
 
March 31, 2013
December 31, 2012
(Millions)
Purchases
Sales
Purchases
Sales
Commodity contracts
 

 

 

 

Natural gas (therms)
641.5

556.2

782.0

679.0

Electric (kilowatt-hours)
56,100.1

34,502.0

54,127.6

31,809.6

Foreign exchange contracts (Canadian dollars)
0.4

0.4

0.4

0.4

Nonregulated Segments, gains (losses) related to nonhedge derivatives
 
 
Three Months Ended March 31
(Millions)
Income Statement Presentation
2013
2012
Natural gas contracts
Nonregulated revenue
$
3.4

$
4.0

Natural gas contracts
Nonregulated cost of sales
(1.6
)
—

Natural gas contracts
Nonregulated revenue (reclassified from accumulated OCI) *
(0.1
)
(1.2
)
Electric contracts
Nonregulated revenue
64.0

(68.6
)
Electric contracts
Nonregulated revenue (reclassified from accumulated OCI) *
(1.0
)
(0.7
)
Total
$
64.7

$
(66.5
)

* Represents amounts reclassified from accumulated OCI related to cash flow hedges that were dedesignated in prior periods.