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Risk Management Activities and Derivatives Transactions (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended
Mar. 31, 2012
years
gal
MMBTU
Dec. 31, 2011
Mar. 31, 2012
Derivatives designated as hedging instruments
Dec. 31, 2011
Derivatives designated as hedging instruments
Mar. 31, 2012
Derivatives not designated as hedging instruments
Dec. 31, 2011
Derivatives not designated as hedging instruments
Mar. 31, 2012
Fair value of derivatives not designated as hedging instruments
Derivatives not designated as hedging instruments
Dec. 31, 2011
Fair value of derivatives not designated as hedging instruments
Derivatives not designated as hedging instruments
Mar. 31, 2012
Interest rate derivatives
Derivatives designated as hedging instruments
Mar. 31, 2011
Interest rate derivatives
Derivatives designated as hedging instruments
Mar. 31, 2012
Interest rate derivatives
Derivative liabilities, current
Derivatives designated as hedging instruments
Dec. 31, 2011
Interest rate derivatives
Derivative liabilities, current
Derivatives designated as hedging instruments
Mar. 31, 2012
Interest rate derivatives
Derivative liabilities, long-term
Derivatives designated as hedging instruments
Dec. 31, 2011
Interest rate derivatives
Derivative liabilities, long-term
Derivatives designated as hedging instruments
Mar. 31, 2012
Commodity derivatives
Derivatives not designated as hedging instruments
Mar. 31, 2011
Commodity derivatives
Derivatives not designated as hedging instruments
Mar. 31, 2012
Commodity derivatives
Prepayments and other current assets
Derivatives not designated as hedging instruments
Dec. 31, 2011
Commodity derivatives
Prepayments and other current assets
Derivatives not designated as hedging instruments
Mar. 31, 2012
Commodity derivatives
Other assets and deferred debits
Derivatives not designated as hedging instruments
Mar. 31, 2012
Commodity derivatives
Derivative liabilities, current
Derivatives designated as hedging instruments
Dec. 31, 2011
Commodity derivatives
Derivative liabilities, current
Derivatives designated as hedging instruments
Mar. 31, 2012
Commodity derivatives
Derivative liabilities, current
Derivatives not designated as hedging instruments
Dec. 31, 2011
Commodity derivatives
Derivative liabilities, current
Derivatives not designated as hedging instruments
Mar. 31, 2012
Commodity derivatives
Derivative liabilities, long-term
Derivatives designated as hedging instruments
Dec. 31, 2011
Commodity derivatives
Derivative liabilities, long-term
Derivatives designated as hedging instruments
Mar. 31, 2012
Commodity derivatives
Derivative liabilities, long-term
Derivatives not designated as hedging instruments
Dec. 31, 2011
Commodity derivatives
Derivative liabilities, long-term
Derivatives not designated as hedging instruments
Mar. 31, 2012
CVOs
Derivatives not designated as hedging instruments
Dec. 31, 2011
CVOs
Other liabilities, current
Derivatives not designated as hedging instruments
Mar. 31, 2012
CVOs
Other liabilities and deferred credits
Derivatives not designated as hedging instruments
Mar. 31, 2012
Fair value loss transition adjustment
Derivative liabilities, current
Derivatives not designated as hedging instruments
Dec. 31, 2011
Fair value loss transition adjustment
Derivative liabilities, current
Derivatives not designated as hedging instruments
Mar. 31, 2012
Fair value loss transition adjustment
Derivative liabilities, long-term
Derivatives not designated as hedging instruments
Dec. 31, 2011
Fair value loss transition adjustment
Derivative liabilities, long-term
Derivatives not designated as hedging instruments
Economic derivatives                                                                    
Cash collateral posted $ 166 $ 147                                                                
Notional MMBtu of natural gas 402,800,000                                                                  
Notional gallons of oil 10,200,000                                                                  
Interest rate cash flow hedges                                                                    
Open interest rate hedges mandatory termination dates 2                                                                  
After-tax (gains) losses in accumulated other comprehensive income 136 141                                                                
Next 12 months amount of (gains) losses to reclass to interest expense 13                                                                  
Notional amount of interest rate cash flow hedges 300 500                                                                
Contingent features                                                                    
Aggregate fair value of instruments in liability position 455                                                                  
Additional collateral to post 289                                                                  
Derivatives Fair Value [Line Items]                                                                    
Derivative asset fair value 8 5     8 5 8 5                 7 [1] 5 [1] 1 [1]                              
Derivative liability fair value 851 802 52 96 799 706 796 703     42 76 7 17           2 2 439 [1] 357 [1] 1 1 354 [1] 332 [1]   14 [2] 3 [2] 1 1 2 2
Derivatives Designated as Hedging Instruments                                                                    
Amount of Gain or (Loss) Recognized in OCI, Net of Tax on Derivatives                 2 [3],[4],[5] 2 [3],[4],[5]                                                
Amount of Gain or (Loss), Net of Tax Reclassified from Accumulated OCI into Income                 (3) [3],[4],[5] (1) [3],[4],[5]                                                
Amount of Pre-tax Gain or (Loss) Recognized in Income on Derivatives                   (1) [3],[4],[6]                                                
Derivatives Not Designated As Hedging Instruments                                                                    
Realized Gain or (Loss)                             (105) [7] (52) [7]                                    
Unrealized Gain or (Loss)                             (206) [8] 23 [8]                                    
Amount of Gain or (Loss) Recognized in Income on Derivatives                                                       $ 8 [9]            
Fair Value Of Derivative Instruments Parenthetical Information                                                                    
CVO's in connection with the acquisition of Florida Progress during 2000 98.6                                                                  
CVO's repurchased in connection with the negotiated settlement agreement and subsequent tender offer 83.4                                                                  
[1] Substantially all of these contracts receive regulatory treatment.
[2] As discussed in Note 16 in the 2011 Form 10-K, the Parent issued 98.6 million CVOs in connection with the acquisition of Florida Progress during 2000. Through a negotiated settlement agreement and subsequent tender offer between October 2011 and February 2012, we repurchased and continue to hold 83.4 million CVOs.
[3] Amounts in accumulated OCI related to terminated hedges are reclassified to earnings as the interest expense is recorded. The effective portion of the hedges will be amortized to interest expense over the term of the related debt.
[4] Amounts recorded on the Consolidated Statements of Comprehensive Income are classified in interest charges.
[5] Effective portion.
[6] Related to ineffective portion and amount excluded from effectiveness testing.
[7] After settlement of the derivatives and the fuel is consumed, gains or losses are passed through the fuel cost-recovery clause.
[8] Amounts are recorded in regulatory liabilities and assets, respectively, on the Consolidated Balance Sheets until derivatives are settled.
[9] Amounts recorded in the Consolidated Statements of Comprehensive Income are classified in other, net.