Risk Management And Energy Marketing Activities (Tables)

6 Months Ended

Jun. 30, 2012

Risk Management And Energy Marketing Activities [Abstract]

Commodity Price Risk Program Derivative Contracted Gross Volumes

		June 30, 2012	December 31, 2011
Commodity Price Risk Program:

	Gas price volatility program derivatives (MMDth)	31.5	26.1

	Price Protection Service program derivatives (MMDth)	0.4	1.0

	DependaBill program derivatives (MMDth)	0.3	0.3

	Regulatory incentive program derivatives (MMDth)	-	0.9

	Gas marketing program derivatives (MMDth)⁽¹⁾	13.8	28.5

	Gas marketing forward physical derivatives (MMDth)⁽²⁾	13.8	27.1

	Electric energy program FTR derivatives (mw)⁽³⁾	17,686.2	8,578.5

⁽¹⁾Basis contract volumes not included in the above table were 14.1 MMDth and 15.9 MMDth as of June 30, 2012 and December 31, 2011, respectively.
⁽²⁾Basis contract volumes not included in the above table were 14.5 MMDth and 29.9 MMDth as of June 30, 2012 and December 31, 2011, respectively.
⁽³⁾Megawatt hours reported in thousands

Location And Fair Value Of Derivative Instruments On Consolidated Balance Sheets

			June 30,		December 31,
Asset Derivatives (in millions)			2012		2011
		Balance Sheet Location	Fair Value		Fair Value (1)
Derivatives designated as hedging instruments
	Interest rate risk activities
		Price risk management assets (current)	$	-	$	-
		Price risk management assets (noncurrent)		48.5		56.7
Total derivatives designated as hedging instruments			$	48.5	$	56.7
Derivatives not designated as hedging instruments
	Commodity price risk programs
		Price risk management assets (current)	$	120.0	$	141.8
		Price risk management assets (noncurrent)		41.8		150.0
Total derivatives not designated as hedging instruments			$	161.8	$	291.8
Total Asset Derivatives			$	210.3	$	348.5

⁽¹⁾During the fourth quarter of 2011, NiSource recorded reserves of $22.6 million ($4.6 million current and $18.0 million noncurrent) on certain commodity price risk assets related to the wind down of the unregulated natural gas marketing business. As of June 30, 2012, NiSource has fully reversed these reserves as all contracts have been settled. The non-designated price risk asset amounts above are shown gross and have not been adjusted for the reserves.


			June 30,		December 31,
Liability Derivatives (in millions)			2012		2011
		Balance Sheet Location	Fair Value		Fair Value
Derivatives designated as hedging instruments
	Commodity price risk programs
		Price risk management liabilities (current)	$	-	$	0.4
		Price risk management liabilities (noncurrent)		-		0.1
Total derivatives designated as hedging instruments			$	-	$	0.5
Derivatives not designated as hedging instruments
	Commodity price risk programs
		Price risk management liabilities (current)	$	132.7	$	167.4
		Price risk management liabilities (noncurrent)		45.6		138.8
Total derivatives not designated as hedging instruments			$	178.3	$	306.2
Total Liability Derivatives			$	178.3	$	306.7

The Effect Of Derivative Instruments On The Statements Of Consolidated Income

Three Months Ended, (in millions):

	Amount of Gain					Amount of (Loss) Gain
	Recognized in OCI on					Reclassified from AOCI
	Derivative (Effective				Location of Gain (Loss)	into Income (Effective
	Portion)				Reclassified from AOCI	Portion)
Derivatives in Cash Flow	June 30,		June 30,		into Income (Effective	June 30,		June 30,
Hedging Relationships	2012		2011		Portion)	2012		2011
Commodity price risk programs	$	0.3	$	-	Cost of Sales	$	(0.2)	$	0.2
Interest rate risk activities		0.4		0.4	Interest expense, net		(0.7)		(0.7)
Total	$	0.7	$	0.4		$	(0.9)	$	(0.5)


Six Months Ended (in millions):

	Amount of Gain					Amount of Gain (Loss)
	Recognized in OCI on					Reclassified from AOCI
	Derivative (Effective				Location of Gain (Loss)	into Income (Effective
	Portion)				Reclassified from AOCI	Portion)
Derivatives in Cash Flow	June 30,		June 30,		into Income (Effective	June 30,		June 30,
Hedging Relationships	2012		2011		Portion)	2012		2011
Commodity price risk programs	$	0.6	$	0.5	Cost of Sales	$	(0.8)	$	0.8
Interest rate risk activities		0.8		0.8	Interest expense, net		(1.3)		(1.3)
Total	$	1.4	$	1.3		$	(2.1)	$	(0.5)

The Effect Of Derivative Instruments Reclassified To Statements Of Consolidated Income

Three Months Ended, (in millions):
		Amount of Gain (Loss) Recognized
		in Income on Derivative
	Location of Gain (Loss)	(Ineffective Portion and Amount
	Recognized in Income on	Excluded from Effectiveness
	Derivative (Ineffective Portion	Testing)
Derivatives in Cash Flow Hedging	and Amount Excluded from
Relationships	Effectiveness Testing)	June 30, 2012		June 30, 2011
Commodity price risk programs	Cost of Sales	$	-	$	-
Interest rate risk activities	Interest expense, net		-		-
Total		$	-	$	-

Six Months Ended, (in millions)
		Amount of Gain (Loss) Recognized
		in Income on Derivative
	Location of Gain (Loss)	(Ineffective Portion and Amount
	Recognized in Income on	Excluded from Effectiveness
	Derivative (Ineffective Portion	Testing)
Derivatives in Cash Flow Hedging	and Amount Excluded from
Relationships	Effectiveness Testing)	June 30, 2012		June 30, 2011
Commodity price risk programs	Cost of Sales	$	-	$	-
Interest rate risk activities	Interest expense, net		-		-
Total		$	-	$	-

Derivatives in Fair Value Hedging Relationships

Three Months Ended, (in millions)

		Amount of Gain Recognized
Derivatives in Fair Value Hedging	Location of Gain Recognized in	in Income on Derivatives
Relationships	Income on Derivatives	June 30, 2012		June 30, 2011
Interest rate risk activities	Interest expense, net	$	0.8	$	9.8
Total		$	0.8	$	9.8

Three Months Ended, (in millions)

		Amount of Loss Recognized
Hedged Item in Fair Value Hedge	Location of Loss Recognized in	in Income on Related Hedged Items
Relationships	Income on Related Hedged Item	June 30, 2012		June 30, 2011
Fixed-rate debt	Interest expense, net	$	(0.8)	$	(9.8)
Total		$	(0.8)	$	(9.8)

Six Months Ended, (in millions)

		Amount of Loss Recognized
Derivatives in Fair Value Hedging	Location of Loss Recognized in	in Income on Derivatives
Relationships	Income on Derivatives	June 30, 2012		June 30, 2011
Interest rate risk activities	Interest expense, net	$	(8.2)	$	(0.4)
Total		$	(8.2)	$	(0.4)

Six Months Ended, (in millions)

		Amount of Gain Recognized
Hedged Item in Fair Value Hedge	Location of Gain Recognized in	in Income on Related Hedged Items
Relationships	Income on Related Hedged Item	June 30, 2012		June 30, 2011
Fixed-rate debt	Interest expense, net	$	8.2	$	0.4
Total		$	8.2	$	0.4

Derivatives not designated as hedging instruments

Three Months Ended, (in millions)

		Amount of Realized/Unrealized Gain
		(Loss) Recognized in Income on
		Derivatives *
Derivatives Not Designated as Hedging	Location of Gain (Loss) Recognized in
Instruments	Income on Derivatives	June 30, 2012		June 30, 2011
Commodity price risk programs	Gas Distribution revenues	$	(0.1)	$	(0.1)
Commodity price risk programs	Other revenues		7.7		7.8
Commodity price risk programs	Cost of Sales		9.6		(4.5)
Total		$	17.2	$	3.2

Six Months Ended, (in millions)

		Amount of Realized/Unrealized Gain
		(Loss) Recognized in Income on
		Derivatives *
Derivatives Not Designated as Hedging	Location of Gain (Loss) Recognized in
Instruments	Income on Derivatives	June 30, 2012		June 30, 2011
Commodity price risk programs	Gas Distribution revenues	$	0.3	$	(21.8)
Commodity price risk programs	Other revenues		6.0		18.4
Commodity price risk programs	Cost of Sales		(11.5)		(7.8)
Total		$	(5.2)	$	(11.2)

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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