XML 16 R39.htm IDEA: XBRL DOCUMENT v2.4.0.6
Pension and Postretirement Benefits (Tables)
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ in millions

 

Pension

 

Postretirement

 

 

December 31,

 

December 31,

 

 

2012

 

2011

 

2012

 

2011

Amounts recognized in the Balance sheets at December 31

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

$
(0.4)

 

$
(1.3)

 

$
(0.6)

 

$
(0.6)

Non-current liabilities

 

 
(33.8)

 

 
(27.9)

 

 
(17.6)

 

 
(16.6)

Net liability at December 31

 

$
(34.2)

 

$
(29.2)

 

$
(18.2)

 

$
(17.2)

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts recognized in Accumulated Other Comprehensive Income, Regulatory Assets and Regulatory Liabilities, pre-tax

 

 

 

 

 

 

 

 

 

 

 

 

Components:

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost

 

$
10.3 

 

$
12.5 

 

$
0.5 

 

$
0.7 

Net actuarial loss / (gain)

 

 
79.9 

 

 
78.7 

 

 
(4.5)

 

 
(6.4)

Accumulated Other Comprehensive Income, Regulatory Assets and Regulatory Liabilities, pre-tax

 

$
90.2 

 

$
91.2 

 

$
(4.0)

 

$
(5.7)

 

 

 

 

 

 

 

 

 

 

 

 

 

Recorded as:

 

 

 

 

 

 

 

 

 

 

 

 

Regulatory asset

 

$
88.0 

 

$
91.2 

 

$
0.5 

 

$
0.5 

Regulatory liability

 

 

 -

 

 

 -

 

 
(5.0)

 

 
(6.2)

Accumulated other comprehensive income

 

 
2.2 

 

 

 -

 

 
0.5 

 

 

 -

Accumulated Other Comprehensive Income, Regulatory Assets and Regulatory Liabilities, pre-tax

 

$
90.2 

 

$
91.2 

 

$
(4.0)

 

$
(5.7)

 

 
Estimated Amounts that will be Amortized from Accumulated Other Comprehensive Income, Regulatory Assets And Regulatory Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ in millions

 

Pension

 

Postretirement

Net actuarial loss / (gain)

 

$
4.9 

 

$
(0.5)

Prior service cost

 

$
1.5 

 

$

 -

 

 
Weighted Average Assumptions Used to Determine Benefit Obligations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefit Obligation Assumptions

 

 

Pension

 

 

Postretirement

 

 

 

2012

 

 

2011

 

 

2010

 

 

2012

 

 

2011

 

 

2010

Discount rate for obligations

 

 

4.04%

 

 

4.88%

 

 

5.31%

 

 

3.75%

 

 

4.62%

 

 

4.96%

Rate of compensation increases

 

 

3.94%

 

 

3.94%

 

 

3.94%

 

 

N/A

 

 

N/A

 

 

N/A

 

 
Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost (Income)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Periodic Benefit
Cost / (Income) Assumptions

 

 

Pension

 

 

Postretirement

 

 

 

2012

 

 

2011

 

 

2010

 

 

2012

 

 

2011

 

 

2010

Discount rate - Successor

 

 

4.88%

 

 

5.31%

 

 

 

 

 

4.62%

 

 

4.96%

 

 

 

Discount rate - Predecessor

 

 

 

 

 

4.88%

 

 

5.75%

 

 

 

 

 

4.62%

 

 

5.35%

Expected rate of return
on plan assets - Successor

 

 

7.00%

 

 

8.00%

 

 

 

 

 

6.00%

 

 

6.00%

 

 

 

Expected rate of return
on plan assets - Predecessor

 

 

 

 

 

7.00%

 

 

8.50%

 

 

 

 

 

6.00%

 

 

6.00%

Rate of compensation increases

 

 

3.94%

 

 

3.94%

 

 

4.44%

 

 

N/A

 

 

N/A

 

 

N/A

 

 
Assumed Health Care Cost Trend Rates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Health Care Cost Assumptions

 

 

Expense

 

 

Benefit Obligation

 

 

 

2012

 

 

2011

 

 

2010

 

 

2012

 

 

2011

 

 

2010

Pre - age 65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current health care cost trend rate

 

 

8.50%

 

 

8.50%

 

 

9.50%

 

 

8.00%

 

 

8.50%

 

 

8.50%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year trend reaches ultimate - Successor

 

 

2019

 

 

2018

 

 

 

 

 

2019

 

 

2019

 

 

 

Year trend reaches ultimate - Predecessor

 

 

 

 

 

2019

 

 

2015

 

 

 

 

 

2019

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Post - age 65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current health care cost trend rate

 

 

8.00%

 

 

8.00%

 

 

9.00%

 

 

7.50%

 

 

8.00%

 

 

8.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year trend reaches ultimate - Successor

 

 

2018

 

 

2017

 

 

 

 

 

2018

 

 

2018

 

 

 

Year trend reaches ultimate - Predecessor

 

 

 

 

 

2018

 

 

2014

 

 

 

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ultimate health care cost trend rate

 

 

5.00%

 

 

5.00%

 

 

5.00%

 

 

5.00%

 

 

5.00%

 

 

5.00%

 

 
Effect of Change in Health Care Cost Trend Rate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of change in health Care Cost Trend Rate

$ in millions

 

One-percent
increase

 

One-percent
decrease

Service cost plus interest cost

 

$
0.1 

 

$
(0.1)

Benefit obligation

 

$
1.2 

 

$
(1.0)

 

 
Estimated Future Benefit Payments and Medicare Part D Reimbursements

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimated future benefit payments and Medicare Part D reimbursements

$ in millions

 

Pension

 

Postretirement

2013

 

$
22.1 

 

$
2.5 

2014

 

$
22.5 

 

$
2.4 

2015

 

$
23.0 

 

$
2.3 

2016

 

$
23.3 

 

$
2.1 

2017

 

$
23.7 

 

$
1.9 

2018-2022

 

$
122.6 

 

$
7.6 

 

 
Fair Value Measurements of Pension Assets Using Significant Unobservable Inputs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in fair value measurements
of pension assets using significant unobservable inputs
(Level 3)

$ in millions

 

Limited
Partnership
Interest

 

Common
Collective
Fund

January 1, 2011 through November 27, 2011 (Predecessor):

 

 

 

 

 

 

Beginning balance January 1, 2011

 

$
2.8 

 

$
57.4 

Actual return on plan assets:

 

 

 

 

 

 

Relating to assets still held at the reporting date

 

 
(0.8)

 

 
(1.5)

Relating to assets sold during the period

 

 

 -

 

 

 -

Purchases, sales and settlements

 

 
(1.1)

 

 
15.4 

Transfers in and / or out of Level 3

 

 

 -

 

 

 -

Ending balance at November 27, 2011

 

$
0.9 

 

$
71.3 

 

 

 

 

 

 

 

November 28, 2011 through December 31, 2011 (Successor):

 

 

 

 

 

 

Beginning balance November 28, 2011

 

$
0.9 

 

$
71.3 

Actual return on plan assets:

 

 

 

 

 

 

Relating to assets still held at the reporting date

 

 

 -

 

 
0.1 

Relating to assets sold during the period

 

 

 -

 

 

 -

Purchases, sales and settlements

 

 
(0.1)

 

 

 -

Transfers in and / or out of Level 3

 

 

 -

 

 

 -

Ending balance at December 31, 2011

 

$
0.8 

 

$
71.4 

 

 

 

 

 

 

 

Year ended December 31, 2012

 

 

 

 

 

 

Actual return on plan assets:

 

 

 

 

 

 

Relating to assets still held at the reporting date

 

 

 -

 

 
1.4 

Relating to assets sold during the period

 

 
0.9 

 

 

 -

Purchases, sales and settlements

 

 
(1.7)

 

 
(35.8)

Transfers in and / or out of Level 3

 

 

 -

 

 

 -

Ending balance at December 31, 2012

 

$
(0.0)

 

$
37.0 

 

 
DP&L [Member]
    
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ in millions

 

Pension

 

Postretirement

 

 

December 31,

 

December 31,

 

 

2012

 

2011

 

2012

 

2011

Amounts recognized in the Balance sheets at December 31

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

$
(0.4)

 

$
(1.3)

 

$
(0.6)

 

$
(0.6)

Non-current liabilities

 

 
(33.8)

 

 
(27.9)

 

 
(17.6)

 

 
(16.6)

Net liability at December 31

 

$
(34.2)

 

$
(29.2)

 

$
(18.2)

 

$
(17.2)

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts recognized in Accumulated Other Comprehensive Income, Regulatory Assets and Regulatory Liabilities, pre-tax

 

 

 

 

 

 

 

 

 

 

 

 

Components:

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost

 

$
19.0 

 

$
21.9 

 

$
0.8 

 

$
0.9 

Net actuarial loss / (gain)

 

 
136.1 

 

 
140.2 

 

 
(5.7)

 

 
(7.7)

Accumulated Other Comprehensive Income, Regulatory Assets and Regulatory Liabilities, pre-tax

 

$
155.1 

 

$
162.1 

 

$
(4.9)

 

$
(6.8)

 

 

 

 

 

 

 

 

 

 

 

 

 

Recorded as:

 

 

 

 

 

 

 

 

 

 

 

 

Regulatory asset

 

$
88.0 

 

$
91.1 

 

$
0.5 

 

$
1.0 

Regulatory liability

 

 

 -

 

 

 -

 

 
(5.0)

 

 
(6.6)

Accumulated other comprehensive income

 

 
67.1 

 

 
71.0 

 

 
(0.4)

 

 
(1.2)

Accumulated Other Comprehensive Income, Regulatory Assets and Regulatory Liabilities, pre-tax

 

$
155.1 

 

$
162.1 

 

$
(4.9)

 

$
(6.8)

 

 
Estimated Amounts that will be Amortized from Accumulated Other Comprehensive Income, Regulatory Assets And Regulatory Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ in millions

 

Pension

 

Postretirement

Net actuarial loss / (gain)

 

$
9.3 

 

$
(0.7)

Prior service cost

 

$
2.8 

 

$
0.1 

 

 
Weighted Average Assumptions Used to Determine Benefit Obligations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefit Obligation Assumptions

 

 

Pension

 

 

Postretirement

 

 

 

2012

 

 

2011

 

 

2010

 

 

2012

 

 

2011

 

 

2010

Discount rate for obligations

 

 

4.04%

 

 

4.88%

 

 

5.31%

 

 

3.75%

 

 

4.62%

 

 

4.96%

Rate of compensation increases

 

 

3.94%

 

 

3.94%

 

 

3.94%

 

 

N/A

 

 

N/A

 

 

N/A

 

 
Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost (Income)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Periodic Benefit
Cost / (Income) Assumptions

 

 

Pension

 

 

Postretirement

 

 

 

2012

 

 

2011

 

 

2010

 

 

2012

 

 

2011

 

 

2010

Discount rate

 

 

4.88%

 

 

5.31%

 

 

5.75%

 

 

4.62%

 

 

4.96%

 

 

5.35%

Expected rate of return
on plan assets

 

 

7.00%

 

 

8.00%

 

 

8.50%

 

 

6.00%

 

 

6.00%

 

 

6.00%

Rate of compensation increases

 

 

3.94%

 

 

3.94%

 

 

4.44%

 

 

N/A

 

 

N/A

 

 

N/A

 

 
Assumed Health Care Cost Trend Rates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Health Care Cost Assumptions

 

 

Expense

 

 

Benefit Obligation

 

 

 

2012

 

 

2011

 

 

2010

 

 

2012

 

 

2011

 

 

2010

Pre - age 65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current health care cost trend rate

 

 

8.50%

 

 

8.50%

 

 

9.50%

 

 

8.00%

 

 

8.50%

 

 

8.50%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year trend reaches ultimate

 

 

2019

 

 

2018

 

 

2015

 

 

2019

 

 

2019

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Post - age 65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current health care cost trend rate

 

 

8.00%

 

 

8.00%

 

 

9.00%

 

 

7.50%

 

 

8.00%

 

 

8.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year trend reaches ultimate

 

 

2018

 

 

2017

 

 

2014

 

 

2018

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ultimate health care cost trend rate

 

 

5.00%

 

 

5.00%

 

 

5.00%

 

 

5.00%

 

 

5.00%

 

 

5.00%

 

 
Effect of Change in Health Care Cost Trend Rate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of change in health Care Cost Trend Rate

$ in millions

 

One-percent
increase

 

One-percent
decrease

Service cost plus interest cost

 

$
0.1 

 

$
(0.1)

Benefit obligation

 

$
1.2 

 

$
(1.0)

 

 
Estimated Future Benefit Payments and Medicare Part D Reimbursements

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimated future benefit payments and Medicare Part D reimbursements

$ in millions

 

Pension

 

Postretirement

2013

 

$
22.1 

 

$
2.5 

2014

 

$
22.5 

 

$
2.4 

2015

 

$
23.0 

 

$
2.3 

2016

 

$
23.3 

 

$
2.1 

2017

 

$
23.7 

 

$
1.9 

2018-2022

 

$
122.6 

 

$
7.6 

 

 
Fair Value Measurements of Pension Assets Using Significant Unobservable Inputs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in fair value measurements
of pension assets using significant unobservable inputs
(Level 3)

$ in millions

 

Limited
Partnership
Interest

 

Common
Collective
Fund

Year ended December 31, 2011

 

 

 

 

 

 

Beginning balance January 1, 2011

 

$
2.8 

 

$
57.4 

Actual return on plan assets:

 

 

 

 

 

 

Relating to assets still held at the reporting date

 

 
(0.8)

 

 
(1.4)

Relating to assets sold during the period

 

 

 -

 

 

 -

Purchases, sales, and settlements

 

 
(1.2)

 

 
15.4 

Transfers in and / or out of Level 3

 

 

 -

 

 

 -

Ending balance at December 31, 2011

 

$
0.8 

 

$
71.4 

 

 

 

 

 

 

 

Year ended December 31, 2012

 

 

 

 

 

 

Actual return on plan assets:

 

 

 

 

 

 

Relating to assets still held at the reporting date

 

 

 -

 

 
1.4 

Relating to assets sold during the period

 

 
0.9 

 

 

 -

Purchases, sales, and settlements

 

 
(1.7)

 

 
(35.8)

Transfers in and / or out of Level 3

 

 

 -

 

 

 -

Ending balance at December 31, 2012

 

$
(0.0)

 

$
37.0 

 

 
Pension [Member]
    
Pension And Postretirement Benefit Plans' Obligations And Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ in millions

 

Pension

 

 

Successor

 

Predecessor

 

 

Year ended December 31, 2012

 

November 28, 2011 through December 31, 2011

 

January 1, 2011 through November 27, 2011

Change in benefit obligation

 

 

 

 

 

 

 

 

 

Benefit obligation at beginning of period

 

$
365.2 

 

$
365.0 

 

$
333.8 

Service cost

 

 
6.2 

 

 
0.5 

 

 
4.5 

Interest cost

 

 
17.3 

 

 
1.5 

 

 
15.5 

Plan amendments

 

 

 -

 

 

 -

 

 
7.2 

Actuarial loss

 

 
29.1 

 

 

 -

 

 
21.6 

Benefits paid

 

 
(22.2)

 

 
(1.8)

 

 
(17.6)

Benefit obligation at end of period

 

 
395.6 

 

 
365.2 

 

 
365.0 

 

 

 

 

 

 

 

 

 

 

Change in plan assets

 

 

 

 

 

 

 

 

 

Fair value of plan assets at beginning of period

 

 
335.9 

 

 
335.8 

 

 
291.8 

Actual return on plan assets

 

 
46.2 

 

 
1.9 

 

 
21.2 

Contributions to plan assets

 

 
1.5 

 

 

 -

 

 
40.4 

Benefits paid

 

 
(22.2)

 

 
(1.8)

 

 
(17.6)

Fair value of plan assets at end of period

 

 
361.4 

 

 
335.9 

 

 
335.8 

 

 

 

 

 

 

 

 

 

 

Funded status of plan

 

$
(34.2)

 

$
(29.3)

 

$
(29.2)

 

 
Net Periodic Benefit Cost / (Income)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Periodic Benefit Cost - Pension

 

Successor

 

Predecessor

$ in millions

 

Year ended December 31, 2012

 

November 28, 2011 through December 31, 2011

 

January 1, 2011 through November 27, 2011

 

Year ended December 31, 2010

Service cost

 

$
6.2 

 

$
0.5 

 

$
4.5 

 

$
4.8 

Interest cost

 

 
17.3 

 

 
1.5 

 

 
15.5 

 

 
17.7 

Expected return on assets (a)

 

 
(22.7)

 

 
(2.0)

 

 
(22.5)

 

 
(22.4)

Amortization of unrecognized:

 

 

 

 

 

 

 

 

 

 

 

 

Actuarial loss

 

 
5.0 

 

 
0.4 

 

 
7.6 

 

 
7.2 

Prior service cost

 

 
1.5 

 

 
0.1 

 

 
2.0 

 

 
3.7 

Net periodic benefit cost before adjustments

 

$
7.3 

 

$
0.5 

 

$
7.1 

 

$
11.0 

 

 
Other Changes in Plan Assets and Benefit Obligation Recognized in Accumulated Other Comprehensive Income, Regulatory Assets And Regulatory Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension

 

Successor

 

Predecessor

$ in millions

 

Year ended December 31, 2012

 

November 28, 2011 through December 31, 2011

 

January 1, 2011 through November 27, 2011

 

Year ended December 31, 2010

Net actuarial loss / (gain)

 

$
5.5 

 

$

 -

 

$
(38.7)

 

$
1.9 

Prior service credit

 

 

 -

 

 

 -

 

 
(2.2)

 

 

 -

Reversal of amortization item:

 

 

 

 

 

 

 

 

 

 

 

 

Net actuarial gain

 

 
(5.0)

 

 
(0.4)

 

 
(7.6)

 

 
(7.2)

Prior service credit

 

 
(1.5)

 

 
(0.1)

 

 
(2.0)

 

 
(3.7)

Total recognized in Accumulated Other Comprehensive Income, Regulatory Assets and Regulatory Liabilities

 

$
(1.0)

 

$
(0.5)

 

$
(50.5)

 

$
(9.0)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total recognized in net periodic benefit cost Accumulated Other Comprehensive Income, Regulatory Assets and Regulatory Liabilities

 

$
6.3 

 

$
(0.5)

 

$
(43.4)

 

$
2.0 

 

 
Fair Value Measurements for Plan Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements for Pension Plan Assets at December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset Category
$ in millions

 

Market Value
at December 31, 2012

 

Quoted prices
in active
markets for
identical assets

 

Significant
observable
inputs

 

Significant
unobservable
inputs

 

 

 

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

Equity securities (a)

 

 

 

 

 

 

 

 

 

 

 

 

Small/Mid cap equity

 

$
14.3 

 

$

 -

 

$
14.3 

 

$

 -

Large cap equity

 

 
50.5 

 

 

 -

 

 
50.5 

 

 

 -

International equity

 

 
37.0 

 

 

 -

 

 
37.0 

 

 

 -

Total equity securities

 

 
101.8 

 

 

 -

 

 
101.8 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt securities (b)

 

 

 

 

 

 

 

 

 

 

 

 

Emerging markets debt

 

 
7.4 

 

 

 -

 

 
7.4 

 

 

 -

High yield bond

 

 
12.7 

 

 

 -

 

 
12.7 

 

 

 -

Long duration fund

 

 
188.6 

 

 

 -

 

 
188.6 

 

 

 -

Total debt securities

 

 
208.7 

 

 

 -

 

 
208.7 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents (c)

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

 
13.9 

 

 
13.9 

 

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

Other investments (d)

 

 

 

 

 

 

 

 

 

 

 

 

Limited partnership interest

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Common collective fund

 

 
37.0 

 

 

 -

 

 

 -

 

 
37.0 

Total other investments

 

 
37.0 

 

 

 -

 

 

 -

 

 
37.0 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total pension plan assets

 

$
361.4 

 

$
13.9 

 

$
310.5 

 

$
37.0 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements for Pension Plan Assets at December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset Category
$ in millions

 

Market Value
at December 31, 2011

 

Quoted prices
in active
markets for
identical assets

 

Significant
observable
inputs

 

Significant
unobservable
inputs

 

 

 

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

Equity securities (a)

 

 

 

 

 

 

 

 

 

 

 

 

Small/Mid cap equity

 

$
16.2 

 

$

 -

 

$
16.2 

 

$

 -

Large cap equity

 

 
54.5 

 

 

 -

 

 
54.5 

 

 

 -

International equity

 

 
34.2 

 

 

 -

 

 
34.2 

 

 

 -

Total equity securities

 

 
104.9 

 

 

 -

 

 
104.9 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt securities (b)

 

 

 

 

 

 

 

 

 

 

 

 

Emerging markets debt

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Fixed income

 

 

 -

 

 

 -

 

 

 -

 

 

 -

High yield bond

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Long duration fund

 

 
130.8 

 

 

 -

 

 
130.8 

 

 

 -

Total debt securities

 

 
130.8 

 

 

 -

 

 
130.8 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents (c)

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

 
28.0 

 

 
28.0 

 

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

Other investments (d)

 

 

 

 

 

 

 

 

 

 

 

 

Limited partnership interest

 

 
0.8 

 

 

 -

 

 

 -

 

 
0.8 

Common collective fund

 

 
71.4 

 

 

 -

 

 

 -

 

 
71.4 

Total other investments

 

 
72.2 

 

 

 -

 

 

 -

 

 
72.2 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total pension plan assets

 

$
335.9 

 

$
28.0 

 

$
235.7 

 

$
72.2 

 

Pension [Member] | DP&L [Member]
    
Pension And Postretirement Benefit Plans' Obligations And Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ in millions

 

Pension

 

 

Years ended December 31,

 

 

2012

 

2011

Change in benefit obligation

 

 

 

 

 

 

Benefit obligation at beginning of period

 

$
365.2 

 

$
333.8 

Service cost

 

 
6.2 

 

 
5.0 

Interest cost

 

 
17.3 

 

 
17.0 

Plan amendments

 

 

 -

 

 
7.2 

Actuarial loss

 

 
29.1 

 

 
21.6 

Benefits paid

 

 
(22.2)

 

 
(19.4)

Benefit obligation at end of period

 

 
395.6 

 

 
365.2 

 

 

 

 

 

 

 

Change in plan assets

 

 

 

 

 

 

Fair value of plan assets at beginning of period

 

 
335.9 

 

 
291.8 

Actual return on plan assets

 

 
46.2 

 

 
23.1 

Contributions to plan assets

 

 
1.5 

 

 
40.4 

Benefits paid

 

 
(22.2)

 

 
(19.4)

Fair value of plan assets at end of period

 

 
361.4 

 

 
335.9 

 

 

 

 

 

 

 

Funded status of plan

 

$
(34.2)

 

$
(29.3)

 

 
Net Periodic Benefit Cost / (Income)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Periodic Benefit Cost - Pension

 

 

 

 

 

 

 

 

 

 

 

Years ended December 31,

$ in millions

 

2012

 

2011

 

2010

Service cost

 

$
6.2 

 

$
5.0 

 

$
4.8 

Interest cost

 

 
17.3 

 

 
17.0 

 

 
17.7 

Expected return on assets (a)

 

 
(22.7)

 

 
(24.5)

 

 
(22.4)

Amortization of unrecognized:

 

 

 

 

 

 

 

 

 

Actuarial loss

 

 
8.8 

 

 
8.0 

 

 
7.2 

Prior service cost

 

 
2.8 

 

 
2.1 

 

 
3.7 

Net periodic benefit cost before adjustments

 

 
12.4 

 

 
7.6 

 

 
11.0 

Settlement Expense

 

 
0.6 

 

 

 -

 

 

 -

Net periodic benefit cost after adjustments

 

$
13.0 

 

$
7.6 

 

$
11.0 

 

 
Other Changes in Plan Assets and Benefit Obligation Recognized in Accumulated Other Comprehensive Income, Regulatory Assets And Regulatory Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension

 

 

 

 

 

 

 

 

 

 

 

Years ended December 31,

$ in millions

 

2012

 

2011

 

2010

Net actuarial loss

 

$
5.2 

 

$
22.8 

 

$
1.9 

Prior service cost

 

 

 -

 

 
7.1 

 

 

 -

Reversal of amortization item:

 

 

 

 

 

 

 

 

 

Net actuarial gain

 

 
(9.4)

 

 
(8.0)

 

 
(7.2)

Prior service credit

 

 
(2.8)

 

 
(2.0)

 

 
(3.7)

Transition asset

 

 

 -

 

 

 -

 

 

 -

Total recognized in Accumulated Other Comprehensive Income, Regulatory Assets and Regulatory Liabilities

 

$
(7.0)

 

$
19.9 

 

$
(9.0)

 

 

 

 

 

 

 

 

 

 

Total recognized in net periodic benefit cost Accumulated Other Comprehensive Income, Regulatory Assets and Regulatory Liabilities

 

$
6.0 

 

$
27.5 

 

$
2.0 

 

 
Fair Value Measurements for Plan Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements for Pension Plan Assets at December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset Category
$ in millions

 

Market Value
at December 31, 2012

 

Quoted prices
in active
markets for
identical assets

 

Significant
observable
inputs

 

Significant
unobservable
inputs

 

 

 

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

Equity securities (a)

 

 

 

 

 

 

 

 

 

 

 

 

Small/Mid cap equity

 

$
14.3 

 

$

 -

 

$
14.3 

 

$

 -

Large cap equity

 

 
50.5 

 

 

 -

 

 
50.5 

 

 

 -

International equity

 

 
37.0 

 

 

 -

 

 
37.0 

 

 

 -

Total equity securities

 

 
101.8 

 

 

 -

 

 
101.8 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt Securities (b)

 

 

 

 

 

 

 

 

 

 

 

 

Emerging markets debt

 

 
7.4 

 

 

 -

 

 
7.4 

 

 

 -

High yield bond

 

 
12.7 

 

 

 -

 

 
12.7 

 

 

 -

Long duration fund

 

 
188.6 

 

 

 -

 

 
188.6 

 

 

 -

Total debt securities

 

 
208.7 

 

 

 -

 

 
208.7 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents (c)

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

 
13.9 

 

 
13.9 

 

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

Other investments (d)

 

 

 

 

 

 

 

 

 

 

 

 

Limited partnership interest

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Common collective fund

 

 
37.0 

 

 

 -

 

 

 -

 

 
37.0 

Total other investments

 

 
37.0 

 

 

 -

 

 

 -

 

 
37.0 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total pension plan assets

 

$
361.4 

 

$
13.9 

 

$
310.5 

 

$
37.0 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements for Pension Plan Assets at December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset Category
$ in millions

 

Market Value
at December 31, 2011

 

Quoted prices
in active
markets for
identical assets

 

Significant
observable
inputs

 

Significant
unobservable
inputs

 

 

 

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

Equity securities (a)

 

 

 

 

 

 

 

 

 

 

 

 

Small/Mid cap equity

 

$
16.2 

 

$

 -

 

$
16.2 

 

$

 -

Large cap equity

 

 
54.5 

 

 

 -

 

 
54.5 

 

 

 -

International equity

 

 
34.2 

 

 

 -

 

 
34.2 

 

 

 -

Total equity securities

 

 
104.9 

 

 

 -

 

 
104.9 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt Securities (b)

 

 

 

 

 

 

 

 

 

 

 

 

Long duration fund

 

 
130.8 

 

 

 -

 

 
130.8 

 

 

 -

Total debt securities

 

 
130.8 

 

 

 -

 

 
130.8 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents (c)

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

 
28.0 

 

 
28.0 

 

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

Other investments (d)

 

 

 

 

 

 

 

 

 

 

 

 

Limited partnership interest

 

 
0.8 

 

 

 -

 

 

 -

 

 
0.8 

Common collective fund

 

 
71.4 

 

 

 -

 

 

 -

 

 
71.4 

Total other investments

 

 
72.2 

 

 

 -

 

 

 -

 

 
72.2 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total pension plan assets

 

$
335.9 

 

$
28.0 

 

$
235.7 

 

$
72.2 

 

Postretirement [Member]
    
Pension And Postretirement Benefit Plans' Obligations And Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ in millions

 

Postretirement

 

 

Successor

 

Predecessor

 

 

Year ended December 31, 2012

 

November 28, 2011 through December 31, 2011

 

January 1, 2011 through November 27, 2011

Change in benefit obligation

 

 

 

 

 

 

 

 

 

Benefit obligation at beginning of period

 

$
21.7 

 

$
21.9 

 

$
23.7 

Service cost

 

 
0.1 

 

 

 -

 

 
0.1 

Interest cost

 

 
0.9 

 

 
0.1 

 

 
0.9 

Actuarial (gain) / loss

 

 
1.2 

 

 
(0.1)

 

 
(1.3)

Benefits paid

 

 
(1.7)

 

 
(0.2)

 

 
(1.8)

Medicare Part D reimbursement

 

 
0.2 

 

 

 -

 

 
0.3 

Benefit obligation at end of period

 

 
22.4 

 

 
21.7 

 

 
21.9 

 

 

 

 

 

 

 

 

 

 

Change in plan assets

 

 

 

 

 

 

 

 

 

Fair value of plan assets at beginning of period

 

 
4.5 

 

 
4.5 

 

 
4.8 

Actual return on plan assets

 

 
0.2 

 

 

 -

 

 
0.2 

Contributions to plan assets

 

 
1.2 

 

 
0.2 

 

 
1.3 

Benefits paid

 

 
(1.7)

 

 
(0.2)

 

 
(1.8)

Fair value of plan assets at end of period

 

 
4.2 

 

 
4.5 

 

 
4.5 

 

 

 

 

 

 

 

 

 

 

Funded status of plan

 

$
(18.2)

 

$
(17.2)

 

$
(17.4)

 

 
Net Periodic Benefit Cost / (Income)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Periodic Benefit Cost / (Income) - Postretirement

 

Successor

 

Predecessor

$ in millions

 

Year ended December 31, 2012

 

November 28, 2011 through December 31, 2011

 

January 1, 2011 through November 27, 2011

 

Year ended December 31, 2010

Service cost

 

$
0.1 

 

$

 -

 

$
0.1 

 

$
0.1 

Interest cost

 

 
0.9 

 

 
0.1 

 

 
0.9 

 

 
1.2 

Expected return on assets (a)

 

 
(0.3)

 

 

 -

 

 
(0.3)

 

 
(0.3)

Amortization of unrecognized:

 

 

 

 

 

 

 

 

 

 

 

 

Actuarial gain

 

 
(0.6)

 

 

 -

 

 
(1.0)

 

 
(1.1)

Prior service cost

 

 

 -

 

 
(0.1)

 

 
0.1 

 

 
0.1 

Net periodic benefit cost / (income) before adjustments

 

$
0.1 

 

$

 -

 

$
(0.2)

 

$

 -

 

 
Other Changes in Plan Assets and Benefit Obligation Recognized in Accumulated Other Comprehensive Income, Regulatory Assets And Regulatory Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Postretirement

 

Successor

 

Predecessor

$ in millions

 

Year ended December 31, 2012

 

November 28, 2011 through December 31, 2011

 

January 1, 2011 through November 27, 2011

 

Year ended December 31, 2010

Net actuarial loss / (gain)

 

$
1.0 

 

$

 -

 

$
0.2 

 

$
(1.9)

Prior service cost / (credit)

 

 

 -

 

 
0.1 

 

 
(0.1)

 

 

 -

Reversal of amortization item:

 

 

 

 

 

 

 

 

 

 

 

 

Net actuarial loss

 

 
0.7 

 

 

 -

 

 
1.0 

 

 
1.1 

Prior service credit

 

 

 -

 

 

 -

 

 
(0.1)

 

 
(0.1)

Transition asset

 

 

 -

 

 
(0.1)

 

 

 -

 

 

 -

Total recognized in Accumulated Other Comprehensive Income, Regulatory Assets and Regulatory Liabilities

 

$
1.7 

 

$

 -

 

$
1.0 

 

$
(0.9)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total recognized in net periodic benefit cost and Accumulated Other Comprehensive Income, Regulatory Assets and Regulatory Liabilities

 

$
1.8 

 

$

 -

 

$
0.8 

 

$
(0.9)

 

 
Fair Value Measurements for Plan Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements for Pension Plan Assets at December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset Category
$ in millions

 

Market Value
at December 31, 2012

 

Quoted prices
in active
markets for
identical assets

 

Significant
observable
inputs

 

Significant
unobservable
inputs

 

 

 

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

JP Morgan Core Bond Fund (a)

 

$
4.2 

 

$

 -

 

$
4.2 

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements for Pension Plan Assets at December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset Category
$ in millions

 

Market Value
at December 31, 2011

 

Quoted prices
in active
markets for
identical assets

 

Significant
observable
inputs

 

Significant
unobservable
inputs

 

 

 

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

JP Morgan Core Bond Fund (a)

 

$
4.5 

 

$

 -

 

$
4.5 

 

$

 -

 

Postretirement [Member] | DP&L [Member]
    
Pension And Postretirement Benefit Plans' Obligations And Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ in millions

 

Postretirement

 

 

Years ended December 31,

 

 

2012

 

2011

Change in benefit obligation

 

 

 

 

 

 

Benefit obligation at beginning of period

 

$
21.7 

 

$
23.7 

Service cost

 

 
0.1 

 

 
0.1 

Interest cost

 

 
0.9 

 

 
1.0 

Actuarial (gain) / loss

 

 
1.2 

 

 
(1.3)

Benefits paid

 

 
(1.7)

 

 
(2.0)

Medicare Part D reimbursement

 

 
0.2 

 

 
0.2 

Benefit obligation at end of period

 

 
22.4 

 

 
21.7 

 

 

 

 

 

 

 

Change in plan assets

 

 

 

 

 

 

Fair value of plan assets at beginning of period

 

 
4.5 

 

 
4.8 

Actual return on plan assets

 

 
0.2 

 

 
0.2 

Contributions to plan assets

 

 
1.2 

 

 
1.5 

Benefits paid

 

 
(1.7)

 

 
(2.0)

Fair value of plan assets at end of period

 

 
4.2 

 

 
4.5 

 

 

 

 

 

 

 

Funded status of plan

 

$
(18.2)

 

$
(17.2)

 

 
Net Periodic Benefit Cost / (Income)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Periodic Benefit Income - Postretirement

 

 

 

 

 

 

 

 

 

 

 

Years ended December 31,

$ in millions

 

2012

 

2011

 

2010

Service cost

 

$
0.1 

 

$
0.1 

 

$
0.1 

Interest cost

 

 
0.9 

 

 
1.0 

 

 
1.2 

Expected return on assets (a)

 

 
(0.3)

 

 
(0.3)

 

 
(0.3)

Amortization of unrecognized:

 

 

 

 

 

 

 

 

 

Actuarial gain

 

 
(0.9)

 

 
(1.1)

 

 
(1.1)

Prior service cost

 

 
0.1 

 

 
0.1 

 

 
0.1 

Net periodic benefit income before adjustments

 

$
(0.1)

 

$
(0.2)

 

$

 -

 

 
Other Changes in Plan Assets and Benefit Obligation Recognized in Accumulated Other Comprehensive Income, Regulatory Assets And Regulatory Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Postretirement

 

 

 

 

 

 

 

 

 

 

 

Years ended December 31,

$ in millions

 

2012

 

2011

 

2010

Net actuarial loss / (gain)

 

$
1.1 

 

$
(1.3)

 

$
(1.9)

Prior service credit

 

 

 -

 

 

 -

 

 

 -

Reversal of amortization item:

 

 

 

 

 

 

 

 

 

Net actuarial loss

 

 
0.9 

 

 
1.2 

 

 
1.1 

Prior service credit

 

 
(0.1)

 

 
(0.1)

 

 
(0.1)

Transition asset

 

 

 -

 

 

 -

 

 

 -

Total recognized in Accumulated Other Comprehensive Income, Regulatory Assets and Regulatory Liabilities

 

$
1.9 

 

$
(0.2)

 

$
(0.9)

 

 

 

 

 

 

 

 

 

 

Total recognized in net periodic benefit cost and Accumulated Other Comprehensive Income, Regulatory Assets and Regulatory Liabilities

 

$
1.8 

 

$
(0.4)

 

$
(0.9)

 

 
Fair Value Measurements for Plan Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements for Pension Plan Assets at December 31, 2012

Asset Category
$ in millions

 

Market Value
at December 31, 2012

 

Quoted prices
in active
markets for
identical assets

 

Significant
observable
inputs

 

Significant
unobservable
inputs

 

 

 

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

JP Morgan Core Bond Fund (a)

 

$
4.2 

 

$

 -

 

$
4.2 

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements for Pension Plan Assets at December 31, 2011

Asset Category
$ in millions

 

Market Value
at December 31, 2011

 

Quoted prices
in active
markets for
identical assets

 

Significant
observable
inputs

 

Significant
unobservable
inputs

 

 

 

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

JP Morgan Core Bond Fund (a)

 

$
4.5 

 

$

 -

 

$
4.5 

 

$

 -