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Available-for-Sale Securities
 9 Months Ended
Sep. 30, 2015
Available-for-sale Securities [Abstract]  
Available-for-Sale Securities
Available-for-Sale Securities

Securities held by Talen Energy's NDT funds and auction rate securities are classified as available-for-sale.  Available-for-sale securities are carried on the Balance Sheets at fair value.  Unrealized gains and losses on these securities are reported, net of tax, in OCI or are recognized currently in earnings when a decline in fair value is determined to be other-than-temporary.  The specific identification method is used to calculate realized gains and losses.

The following table shows the amortized cost, the gross unrealized gains and losses recorded in AOCI and the fair value of Talen Energy's available-for-sale securities.          

 
September 30, 2015
 
December 31, 2014
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
NDT funds:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
13

 
$
—

 
$
—

 
$
13

 
$
19

 
$
—

 
$
—

 
$
19

Equity securities
292

 
373

 
—

 
665

 
283

 
417

 
—

 
700

Debt securities
227

 
8

 
—

 
235

 
218

 
11

 
—

 
229

Receivables/payables, net
—

 
—

 
—

 
—

 
2

 
—

 
—

 
2

Total NDT funds
$
532

 
$
381

 
$
—

 
$
913

 
$
522

 
$
428

 
$
—

 
$
950

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Auction rate securities
$
6

 
$
—

 
$
—

 
$
6

 
$
8

 
$
—

 
$
—

 
$
8



See Note 13 for details on the securities held by the NDT funds.

There were no securities with credit losses at September 30, 2015 and December 31, 2014.

The following table shows the scheduled maturity dates of debt securities held at September 30, 2015.        
 
Maturity
Less Than
1 Year
 
Maturity
1-5
Years
 
Maturity
6-10
Years
 
Maturity
in Excess
of 10 Years
 
Total
Amortized cost
$
11

 
$
89

 
$
71

 
$
62

 
$
233

Fair value
11

 
91

 
73

 
66

 
241



The following table shows proceeds from and realized gains and losses on sales of available-for-sale securities for the periods ended September 30.                   
 
Three Months
 
Nine Months
 
2015
 
2014
 
2015
 
2014
Proceeds from sales of NDT securities (a)
$
43

 
$
47

 
$
143

 
$
112

Other proceeds from sales
—

 
3

 
—

 
6

Gross realized gains (b)
6

 
9

 
19

 
17

Gross realized losses (b)
7

 
2

 
16

 
6


(a)
These proceeds are used to pay income taxes and fees related to managing the trust.  Remaining proceeds are reinvested in the trust.    
(b)
Excludes the impact of other-than-temporary impairment charges recognized on the Statements of Income.