XML 29 R52.htm IDEA: XBRL DOCUMENT v2.4.0.8
FAIR VALUE MEASUREMENTS AND DERIVATIVE INSTRUMENTS (Financial Instruments Measured at Fair Value on a Recurring Basis) (Detail) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Assets    
Cash Equivalent $ 13 [1] $ 14 [1]
Restricted Cash 2 [1] 2 [1]
Rabbi Trust Investments to Support the Deferred Compensation and SERP 23 [2] 22 [2]
Derivative Assets 11 [3] 7 [3]
Total Assets 49 45
Liabilities    
Liabilities (12) (15)
Net Total Assets (Liability) 37 30
Energy Contracts [Member]
   
Liabilities    
Derivative Liability (5) [3] (7) [3]
Energy Contracts Cash Flow Hedge [Member]
   
Liabilities    
Derivative Liability (1) [3] (1) [3]
Interest Rate Swap [Member]
   
Liabilities    
Derivative Liability (6) [4] (7) [4]
TUCSON ELECTRIC POWER COMPANY
   
Assets    
Cash Equivalent 0 [1] 0 [1]
Restricted Cash 2 [1] 2 [1]
Rabbi Trust Investments to Support the Deferred Compensation and SERP 23 [2] 22 [2]
Derivative Assets 5 [3] 2 [3]
Total Assets 30 26
Liabilities    
Liabilities (10) (10)
Net Total Assets (Liability) 20 16
TUCSON ELECTRIC POWER COMPANY | Energy Contracts [Member]
   
Liabilities    
Derivative Liability (3) [3] (2) [3]
TUCSON ELECTRIC POWER COMPANY | Energy Contracts Cash Flow Hedge [Member]
   
Liabilities    
Derivative Liability (1) [3] (1) [3]
TUCSON ELECTRIC POWER COMPANY | Interest Rate Swap [Member]
   
Liabilities    
Derivative Liability (6) [4] (7) [4]
Level 1 [Member]
   
Assets    
Cash Equivalent 13 [1] 14 [1]
Restricted Cash 2 [1] 2 [1]
Rabbi Trust Investments to Support the Deferred Compensation and SERP 0 [2] 0 [2]
Derivative Assets 0 [3] 0 [3]
Total Assets 15 16
Liabilities    
Liabilities 0 0
Net Total Assets (Liability) 15 16
Level 1 [Member] | Energy Contracts [Member]
   
Liabilities    
Derivative Liability 0 [3] 0 [3]
Level 1 [Member] | Energy Contracts Cash Flow Hedge [Member]
   
Liabilities    
Derivative Liability 0 [3] 0 [3]
Level 1 [Member] | Interest Rate Swap [Member]
   
Liabilities    
Derivative Liability 0 [4] 0 [4]
Level 1 [Member] | TUCSON ELECTRIC POWER COMPANY
   
Assets    
Cash Equivalent 0 [1] 0 [1]
Restricted Cash 2 [1] 2 [1]
Rabbi Trust Investments to Support the Deferred Compensation and SERP 0 [2] 0 [2]
Derivative Assets 0 [3] 0 [3]
Total Assets 2 2
Liabilities    
Liabilities 0 0
Net Total Assets (Liability) 2 2
Level 1 [Member] | TUCSON ELECTRIC POWER COMPANY | Energy Contracts [Member]
   
Liabilities    
Derivative Liability 0 [3] 0 [3]
Level 1 [Member] | TUCSON ELECTRIC POWER COMPANY | Energy Contracts Cash Flow Hedge [Member]
   
Liabilities    
Derivative Liability 0 [3] 0 [3]
Level 1 [Member] | TUCSON ELECTRIC POWER COMPANY | Interest Rate Swap [Member]
   
Liabilities    
Derivative Liability 0 [4] 0 [4]
Level 2 [Member]
   
Assets    
Cash Equivalent 0 [1] 0 [1]
Restricted Cash 0 [1] 0 [1]
Rabbi Trust Investments to Support the Deferred Compensation and SERP 23 [2] 22 [2]
Derivative Assets 5 [3] 3 [3]
Total Assets 28 25
Liabilities    
Liabilities (7) (9)
Net Total Assets (Liability) 21 16
Level 2 [Member] | Energy Contracts [Member]
   
Liabilities    
Derivative Liability (1) [3] (2) [3]
Level 2 [Member] | Energy Contracts Cash Flow Hedge [Member]
   
Liabilities    
Derivative Liability 0 [3] 0 [3]
Level 2 [Member] | Interest Rate Swap [Member]
   
Liabilities    
Derivative Liability (6) [4] (7) [4]
Level 2 [Member] | TUCSON ELECTRIC POWER COMPANY
   
Assets    
Cash Equivalent 0 [1] 0 [1]
Restricted Cash 0 [1] 0 [1]
Rabbi Trust Investments to Support the Deferred Compensation and SERP 23 [2] 22 [2]
Derivative Assets 2 [3] 1 [3]
Total Assets 25 23
Liabilities    
Liabilities (7) (7)
Net Total Assets (Liability) 18 16
Level 2 [Member] | TUCSON ELECTRIC POWER COMPANY | Energy Contracts [Member]
   
Liabilities    
Derivative Liability (1) [3] 0 [3]
Level 2 [Member] | TUCSON ELECTRIC POWER COMPANY | Energy Contracts Cash Flow Hedge [Member]
   
Liabilities    
Derivative Liability 0 [3] 0 [3]
Level 2 [Member] | TUCSON ELECTRIC POWER COMPANY | Interest Rate Swap [Member]
   
Liabilities    
Derivative Liability (6) [4] (7) [4]
Level 3 [Member]
   
Assets    
Cash Equivalent 0 [1] 0 [1]
Restricted Cash 0 [1] 0 [1]
Rabbi Trust Investments to Support the Deferred Compensation and SERP 0 [2] 0 [2]
Derivative Assets 6 [3] 4 [3]
Total Assets 6 4
Liabilities    
Derivative Liability (5) (6)
Liabilities (5) (6)
Net Total Assets (Liability) 1 (2)
Level 3 [Member] | Energy Contracts [Member]
   
Liabilities    
Derivative Liability (4) [3] (5) [3]
Level 3 [Member] | Energy Contracts Cash Flow Hedge [Member]
   
Liabilities    
Derivative Liability (1) [3] (1) [3]
Level 3 [Member] | Interest Rate Swap [Member]
   
Liabilities    
Derivative Liability 0 [4] 0 [4]
Level 3 [Member] | TUCSON ELECTRIC POWER COMPANY
   
Assets    
Cash Equivalent 0 [1] 0 [1]
Restricted Cash 0 [1] 0 [1]
Rabbi Trust Investments to Support the Deferred Compensation and SERP 0 [2] 0 [2]
Derivative Assets 3 [3] 1 [3]
Total Assets 3 1
Liabilities    
Liabilities (3) (3)
Net Total Assets (Liability) 0 (2)
Level 3 [Member] | TUCSON ELECTRIC POWER COMPANY | Energy Contracts [Member]
   
Liabilities    
Derivative Liability (2) [3] (2) [3]
Level 3 [Member] | TUCSON ELECTRIC POWER COMPANY | Energy Contracts Cash Flow Hedge [Member]
   
Liabilities    
Derivative Liability (1) [3] (1) [3]
Level 3 [Member] | TUCSON ELECTRIC POWER COMPANY | Interest Rate Swap [Member]
   
Liabilities    
Derivative Liability 0 [4] 0 [4]
Netting [Member]
   
Assets    
Cash Equivalent 0 [1],[5] 0 [1],[5]
Restricted Cash 0 [1],[5] 0 [1],[5]
Rabbi Trust Investments to Support the Deferred Compensation and SERP 0 [2],[5] 0 [2],[5]
Derivative Assets (3) [3],[5] (5) [3],[5]
Total Assets (3) [5] (5) [5]
Liabilities    
Liabilities 3 [5] 5 [5]
Net Total Assets (Liability) 0 [5] 0 [5]
Netting [Member] | Energy Contracts [Member]
   
Liabilities    
Derivative Liability 3 [3],[5] 5 [3],[5]
Netting [Member] | Energy Contracts Cash Flow Hedge [Member]
   
Liabilities    
Derivative Liability 0 [3],[5] 0 [3],[5]
Netting [Member] | Interest Rate Swap [Member]
   
Liabilities    
Derivative Liability 0 [4],[5] 0 [4],[5]
Netting [Member] | TUCSON ELECTRIC POWER COMPANY
   
Assets    
Cash Equivalent 0 [1],[5] 0 [1],[5]
Restricted Cash 0 [1],[5] 0 [1],[5]
Rabbi Trust Investments to Support the Deferred Compensation and SERP 0 [2],[5] 0 [2],[5]
Derivative Assets (2) [3],[5] (1) [3],[5]
Total Assets (2) [5] (1) [5]
Liabilities    
Liabilities 2 [5] 1 [5]
Net Total Assets (Liability) 0 [5] 0 [5]
Netting [Member] | TUCSON ELECTRIC POWER COMPANY | Energy Contracts [Member]
   
Liabilities    
Derivative Liability 2 [3],[5] 1 [3],[5]
Netting [Member] | TUCSON ELECTRIC POWER COMPANY | Energy Contracts Cash Flow Hedge [Member]
   
Liabilities    
Derivative Liability 0 [3],[5] 0 [3],[5]
Netting [Member] | TUCSON ELECTRIC POWER COMPANY | Interest Rate Swap [Member]
   
Liabilities    
Derivative Liability 0 [4],[5] 0 [4],[5]
Net Fair Value [Member]
   
Assets    
Cash Equivalent 13 [1] 14 [1]
Restricted Cash 2 [1] 2 [1]
Rabbi Trust Investments to Support the Deferred Compensation and SERP 23 [2] 22 [2]
Derivative Assets 8 [3] 2 [3]
Total Assets 46 40
Liabilities    
Liabilities (9) (10)
Net Total Assets (Liability) 37 30
Net Fair Value [Member] | Energy Contracts [Member]
   
Liabilities    
Derivative Liability (2) [3] (2) [3]
Net Fair Value [Member] | Energy Contracts Cash Flow Hedge [Member]
   
Liabilities    
Derivative Liability (1) [3] (1) [3]
Net Fair Value [Member] | Interest Rate Swap [Member]
   
Liabilities    
Derivative Liability (6) [4] (7) [4]
Net Fair Value [Member] | TUCSON ELECTRIC POWER COMPANY
   
Assets    
Cash Equivalent 0 [1] 0 [1]
Restricted Cash 2 [1] 2 [1]
Rabbi Trust Investments to Support the Deferred Compensation and SERP 23 [2] 22 [2]
Derivative Assets 3 [3] 1 [3]
Total Assets 28 25
Liabilities    
Liabilities (8) (9)
Net Total Assets (Liability) 20 16
Net Fair Value [Member] | TUCSON ELECTRIC POWER COMPANY | Energy Contracts [Member]
   
Liabilities    
Derivative Liability (1) [3] (1) [3]
Net Fair Value [Member] | TUCSON ELECTRIC POWER COMPANY | Energy Contracts Cash Flow Hedge [Member]
   
Liabilities    
Derivative Liability (1) [3] (1) [3]
Net Fair Value [Member] | TUCSON ELECTRIC POWER COMPANY | Interest Rate Swap [Member]
   
Liabilities    
Derivative Liability $ (6) [4] $ (7) [4]
[1] Cash Equivalents and Restricted Cash represent amounts held in money market funds and certificates of deposit valued at cost, including interest. Cash Equivalents are included in Cash and Cash Equivalents on the balance sheets. Restricted Cash is included in Investments and Other Property – Other on the balance sheets.
[2] Rabbi Trust Investments include amounts related to deferred compensation and Supplement Executive Retirement Plan (SERP) benefits held in mutual and money market funds valued at quoted prices traded in active markets. These investments are included in Investments and Other Property – Other on the balance sheets.
[3] Energy Contracts include gas swap agreements (Level 2), power options (Level 2), gas options (Level 3), and forward power purchase and sales contracts (Level 3) entered into to reduce exposure to energy price risk. These contracts are included in Derivative Instruments on the balance sheets. The valuation techniques are described below.
[4] Interest Rate Swaps are valued based on the 3-month or 6-month London Interbank Offered Rate (LIBOR) or the Securities Industry and Financial Markets Association municipal swap index. These interest rate swaps are included in Derivative Instruments on the balance sheets.
[5] All energy contracts are subject to legally enforceable master netting arrangements to mitigate credit risk. We have presented the effect of offset by counterparty; however, we present derivatives on a gross basis on the balance sheets.