XML 44 R31.htm IDEA: XBRL DOCUMENT

Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2011

Jun. 30, 2010

Jun. 30, 2011

Jun. 30, 2010

Dec. 31, 2010

Schedule of Notional Amounts of Outstanding Derivative Positions




						Net Purchases/
	Accounting		Purchases	Sales		(Sales)
Commodity	Treatment	Unit	(in thousands)	(in thousands)		(in thousands)
FTRs ⁽¹⁾	Mark to Market	MWh	17.0	-		17.0
Heating Oil Futures ⁽¹⁾	Mark to Market	Gallons	4,578.0	-		4,578.0
Forward Power Contracts ⁽¹⁾	Cash Flow Hedge	MWh	927.2	(965.7	)	(38.5	)
Forward Power Contracts ⁽¹⁾	Mark to Market	MWh	446.9	(423.2	)	23.7
Forward Power Contracts ⁽²⁾	Mark to Market	MWh	1,311.3	(1,338.7	)	(27.4	)
NYMEX-quality Coal Contracts* ⁽¹⁾	Mark to Market	Tons	3,588.3	-		3,588.3
Interest Rate Swaps ⁽²⁾	Cash Flow Hedge	USD	460,000.0	-		460,000.0

*Includes our partners' share for the jointly-owned plants that DP&L operates.

⁽¹⁾Reflected in both DPL's and DP&L's Condensed Consolidated Financial Statements.

⁽²⁾Reflected in only DPL's Condensed Consolidated Financial Statements.


						Net Purchases/
	Accounting		Purchases	Sales		(Sales)
Commodity	Treatment	Unit	(in thousands)	(in thousands)		(in thousands)
FTRs ⁽¹⁾	Mark to Market	MWh	9.0	-		9.0
Heating Oil Futures ⁽¹⁾	Mark to Market	Gallons	6,216.0	-		6,216.0
Forward Power Contracts ⁽¹⁾	Cash Flow Hedge	MWh	580.8	(572.9	)	7.9
Forward Power Contracts ⁽¹⁾	Mark to Market	MWh	195.6	(108.5	)	87.1
NYMEX-quality Coal Contracts* ⁽¹⁾	Mark to Market	Tons	4,006.8	-		4,006.8
Interest Rate Swaps ⁽²⁾	Cash Flow Hedge	USD	360,000.0	-		360,000.0

*Includes our partners' share for the jointly-owned plants that DP&L operates.

⁽¹⁾Reflected in both DPL's and DP&L's Condensed Consolidated Financial Statements.

⁽²⁾Reflected in only DPL's Condensed Consolidated Financial Statements.

Gains or Losses Recognized in AOCI for the Cash Flow Hedges


		June 30,						June 30,
		2011						2010
					Interest					Interest
$ in millions (net of tax)		Power		Rate Hedge				Power		Rate Hedge

Beginning accumulated derivative
gain / (loss) in AOCI	$	(1.6	)	$	22.4		$	3.6		$	14.1

Net gains / (losses) associated with current
period hedging transactions		(0.5	)		(10.8	)		(2.1	)		(5.8	)

Net gains reclassified to earnings
Interest expense		-			0.7			-			(0.6	)
Revenues		0.3			-			(1.5	)		-
Purchased power		0.3			-			-			-

Ending accumulated derivative
gain / (loss) in AOCI	$	(1.5	)	$	12.3		$	-		$	7.7

Net gains / (losses) associated with the
ineffective portion of the hedging transaction
Interest expense		-			(1.3	)		-			-
Revenues		-			-			-			-

Portion expected to be reclassified to
earnings in the next twelve months*	$	(1.9	)	$	(2.4	)

Maximum length of time that we are hedging
our exposure to variability in future cash flows
related to forecasted transactions (in months)		42			27

*The actual amounts that we reclassify from AOCI to earnings related to power can differ from the estimate above due to market price changes.


		June 30,						June 30,
		2011						2010
					Interest					Interest
$ in millions (net of tax)		Power		Rate Hedge				Power		Rate Hedge

Beginning accumulated derivative
gain / (loss) in AOCI	$	(1.8	)	$	21.4		$	(1.4	)	$	14.7

Net gains / (losses) associated with current
period hedging transactions		(0.9	)		(9.2	)		(2.3	)		(5.8	)

Net gains reclassified to earnings
Interest expense		-			0.1			-			(1.2	)
Revenues		0.5			-			3.7			-
Purchased power		0.7			-			-			-

Ending accumulated derivative
gain / (loss) in AOCI	$	(1.5	)	$	12.3		$	0.0		$	7.7

Net gains / (losses) associated with the
ineffective portion of the hedging transaction
Interest expense		-			(1.3	)		-			-
Revenues		-			-			-			-

Portion expected to be reclassified to
earnings in the next twelve months*	$	(1.9	)	$	(2.4	)

Maximum length of time that we are hedging
our exposure to variability in future cash flows
related to forecasted transactions (in months)		42			27

*The actual amounts that we reclassify from AOCI to earnings related to power can differ from the estimate above due to market price changes.

Schedule of Derivative Assets and Liabilities at Fair Value


Fair Values of Derivative Instruments Designated as Hedging Instruments
at June 30, 2011

DPL
									Fair Value on
$ in millions	Fair Value¹			Netting ²			Balance Sheet Location		Balance Sheet
Short-term Derivative Positions
Forward Power Contracts in an Asset position	$	0.3		$	(0.3	)	Other prepayments	$	-
							and current assets
Forward Power Contracts in a Liability position		(2.2	)		1.0		Other current liabilities		(1.2	)
Interest Rate Hedges in a Liability position		(18.7	)		-		Other current liabilities		(18.7	)

Total short-term cash flow hedges	$	(20.6	)	$	0.7			$	(19.9	)

Long-term derivative positions
Forward Power Contracts in an Asset position	$	0.2		$	(0.1	)	Other deferred assets	$	0.1
Forward Power Contracts in a Liability position		(0.6	)		0.1		Other deferred credits		(0.5	)
Interest Rate Hedges in an Asset position		18.6			-		Other deferred assets		18.6

Total long-term cash flow hedges	$	18.2		$	-			$	18.2

Total cash flow hedges	$	(2.4	)	$	0.7			$	(1.7	)

¹Includes credit valuation adjustment.
²Includes counterparty and collateral netting.


Fair Values of Derivative Instruments Designated as Hedging Instruments
at December 31, 2010

DPL
									Fair Value on
$ in millions	Fair Value¹			Netting ²			Balance Sheet Location		Balance Sheet
Short-term Derivative Positions
Forward Power Contracts in a Liability Position	$	(2.8	)	$	1.0		Other current liabilities	$	(1.8	)
Interest Rate Hedges in a Liability Position		(6.6	)		-		Other current liabilities		(6.6	)
Total short-term cash flow hedges	$	(9.4	)	$	1.0			$	(8.4	)

Long-term Derivative Positions
Forward Power Contracts in an Asset Position	$	0.2		$	(0.2	)	Other deferred assets	$	-
Forward Power Contracts in a Liability Position		(0.2	)		0.1		Other deferred credits		(0.1	)
Interest Rate Hedges in an Asset Position		20.7			-		Other deferred credits		20.7
Total long-term cash flow hedges	$	20.7		$	(0.1	)		$	20.6

Total cash flow hedges	$	11.3		$	0.9			$	12.2

¹Includes credit valuation adjustment.

²Includes counterparty and collateral netting.

Schedule of Gains and Losses on Derivatives Not Designated as Hedging Instruments


For the three months ended June 30, 2011

	NYMEX			Heating
$ in millions		Coal			Oil			FTRs		Power			Total
Change in unrealized gain / (loss)	$	(10.2	)	$	(1.4	)	$	0.1	$	(0.1	)	$	(11.6	)
Realized gain / (loss)		1.4			0.6			0.2		(1.3	)		0.9
Total	$	(8.8	)	$	(0.8	)	$	0.3	$	(1.4	)	$	(10.7	)
Recorded on Balance Sheet:
Partner's share of gain / (loss)	$	(5.0	)	$	-		$	-	$	-		$	(5.0	)
Regulatory (asset) / liability		(2.3	)		(0.9	)		-		-			(3.2	)

Recorded in Income Statement: gain / (loss)
Retail revenue	$	-		$	-		$	-	$	(3.1	)	$	(3.1	)
Purchased power		-			-			0.3		1.7			2.0
Fuel		(1.5	)		-			-		-			(1.5	)
O&M		-			0.1			-		-			0.1
Total	$	(8.8	)	$	(0.8	)	$	0.3	$	(1.4	)	$	(10.7	)


For the three months ended June 30, 2010

	NYMEX		Heating										Natural
$ in millions		Coal		Oil		FTRs				Power			Gas		Total
Change in unrealized gain / (loss)	$	14.1	$	(0.6	)	$	0.2		$	(0.9	)	$	1.0	$	13.8
Realized gain / (loss)		0.7		(0.5	)		(0.3	)		(0.2	)		-		(0.3	)
Total	$	14.8	$	(1.1	)	$	(0.1	)	$	(1.1	)	$	1.0	$	13.5
Recorded on Balance Sheet:
Partner's share of gain / (loss)	$	7.8	$	-		$	-		$	-		$	-	$	7.8
Regulatory (asset) / liability		4.1		(0.3	)		-			-			-		3.8

Recorded in Income Statement: gain / (loss)
Wholesale revenue	$	-	$	-		$	-		$	(1.1	)	$	-	$	(1.1	)
Purchased power		-		-			(0.1	)		-			-		(0.1	)
Fuel		2.9		(0.6	)		-			-			1.0		3.3
O&M		-		(0.2	)		-			-			-		(0.2	)
Total	$	14.8	$	(1.1	)	$	(0.1	)	$	(1.1	)	$	1.0	$	13.5


For the six months ended June 30, 2011

	NYMEX			Heating
$ in millions		Coal			Oil		FTRs			Power			Total
Change in unrealized gain / (loss)	$	(13.8	)	$	1.6	$	(0.1	)	$	0.5		$	(11.8	)
Realized gain / (loss)		3.8			0.9		(0.7	)		(2.1	)		1.9
Total	$	(10.0	)	$	2.5	$	(0.8	)	$	(1.6	)	$	(9.9	)
Recorded on Balance Sheet:
Partner's share of gain / (loss)	$	(7.4	)	$	-	$	-		$	-		$	(7.4	)
Regulatory (asset) / liability		(2.0	)		0.6		-			-			(1.4	)

Recorded in Income Statement: gain / (loss)
Retail revenue	$	-		$	-	$	-		$	(4.7	)	$	(4.7	)
Purchased power		-			-		(0.8	)		3.1			2.3
Fuel		(0.6	)		1.8		-			-			1.2
O&M		-			0.1		-			-			0.1
Total	$	(10.0	)	$	2.5	$	(0.8	)	$	(1.6	)	$	(9.9	)


For the six months ended June 30, 2010

		NYMEX	Heating										Natural
$ in millions		Coal		Oil			FTRs			Power			Gas		Total
Change in unrealized gain / (loss)	$	2.7	$	0.2		$	(0.3	)	$	0.2		$	-	$	2.8
Realized gain / (loss)		1.1		(1.1	)		(1.0	)		(0.1	)		-		(1.1	)
Total	$	3.8	$	(0.9	)	$	(1.3	)	$	0.1		$	-	$	1.7
Recorded on Balance Sheet:
Partner's share of gain / (loss)	$	1.8	$	-		$	-		$	-		$	-	$	1.8
Regulatory (asset) / liability		0.4		-			-			-			-		0.4

Recorded in Income Statement: gain / (loss)
Wholesale revenue	$	-	$	-		$	-		$	0.1		$	-	$	0.1
Purchased power		-		-			(1.3	)		-			-		(1.3	)
Fuel		1.6		(0.9	)		-			-			-		0.7
O&M		-		-			-			-			-		-
Total	$	3.8	$	(0.9	)	$	(1.3	)	$	0.1		$	-	$	1.7

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location


Fair Values of Derivative Instruments Not Designated as Hedging Instruments
at June 30, 2011

										Fair Value on
$ in millions	Fair Value¹				Netting²			Balance Sheet Location		Balance Sheet
Short-term Derivative Positions
FTRs in an Asset position	$	0.2			$	-		Other prepayments and current assets	$	0.2
Forward Power Contracts in an Asset position		6.1				(0.3	)	Other prepayments and current assets		5.8
Forward Power Contracts in a Liability position		(4.5	)			1.3		Other current liabilities		(3.2	)
NYMEX-Quality Coal Forwards in an Asset position		12.6				(6.8	)	Other prepayments and current assets		5.8
Heating Oil Futures in an Asset position		2.6				(2.6	)	Other prepayments and current assets		-
Total short-term derivative MTM positions	$	17.0			$	(8.4	)		$	8.6

Long-term Derivative Positions
Forward Power Contracts in an Asset position	$	6.2			$	(0.1	)	Other deferred assets	$	6.1
Forward Power Contracts in a Liability position		(2.2	)			1.1		Other deferred credits		(1.1	)
NYMEX-Quality Coal Forwards in an Asset position		11.5				(6.8	)	Other deferred assets		4.7
NYMEX-Quality Coal Forwards in a Liability position		(0.5	)			0.5		Other deferred credits		-
Heating Oil Futures in an Asset position		0.7				(0.7	)	Other deferred assets		-
Total long-term derivative MTM positions	$	15.7			$	(6.0	)		$	9.7

Total MTM Position	$	32.7		$	(14.4		)		$	18.3

¹Includes credit valuation adjustment.
²Includes counterparty and collateral netting.


Fair Values of Derivative Instruments Not Designated as Hedging Instruments
at December 31, 2010

										Fair Value on
$ in millions	Fair Value¹				Netting²			Balance Sheet Location		Balance Sheet
Short-term Derivative Positions
FTRs in an Asset position	$	0.3			$	-		Other prepayments and current assets	$	0.3
Forward Power Contracts in a Liability position		(0.1	)			-		Other current liabilities		(0.1	)
NYMEX-Quality Coal Forwards in an Asset position		14.0				(7.4	)	Other prepayments and current assets		6.6
Heating Oil Futures in an Asset position		0.5				(0.5	)	Other current liabllities		-

Total short-term derivative MTM positions	$	14.7			$	(7.9	)		$	6.8

Long-term Derivative Positions
NYMEX-Quality Coal Forwards in an Asset position	$	23.5		$	(14.5		)	Other deferred assets	$	9.0
Heating Oil Futures in an Asset position		1.1				(1.1	)	Other deferred assets		-

Total long-term derivative MTM positions	$	24.6		$	(15.6		)		$	9.0

Total MTM Position	$	39.3		$	(23.5		)		$	15.8

¹Includes credit valuation adjustment.
²Includes counterparty and collateral netting.

DP&L [Member]

Gains or Losses Recognized in AOCI for the Cash Flow Hedges


		June 30,						June 30,
		2011						2010
					Interest					Interest
$ in millions (net of tax)		Power		Rate Hedge				Power		Rate Hedge

Beginning accumulated derivative
gain / (loss) in AOCI	$	(1.6	)	$	11.6		$	3.6		$	14.1

Net gains / (losses) associated with current
period hedging transactions		(0.5	)		-			(2.1	)		-

Net gains reclassified to earnings
Interest expense		-			(0.6	)		-			(0.6	)
Revenues		0.3			-			(1.5	)		-
Purchased power		0.3			-			-			-

Ending accumulated derivative
gain / (loss) in AOCI	$	(1.5	)	$	11.0		$	-		$	13.5

Net gains / (losses) associated with the
ineffective portion of the hedging transaction
Interest expense		-			-			-			-
Revenues		-			-			-			-

Portion expected to be reclassified to
earnings in the next twelve months*	$	(1.9	)	$	(2.4	)

Maximum length of time that we are hedging
our exposure to variability in future cash flows
related to forecasted transactions (in months)		42			-

*The actual amounts that we reclassify from AOCI to earnings related to power can differ from the estimate above due to market price changes.


		June 30,						June 30,
		2011						2010
					Interest					Interest
$ in millions (net of tax)		Power		Rate Hedge				Power		Rate Hedge

Beginning accumulated derivative
gain / (loss) in AOCI	$	(1.8	)	$	12.2		$	(1.4	)	$	14.7

Net gains / (losses) associated with current
period hedging transactions		(0.9	)		-			(2.3	)		-

Net gains reclassified to earnings
Interest expense		-			(1.2	)		-			(1.2	)
Revenues		0.5			-			3.7			-
Purchased power		0.7			-			-			-

Ending accumulated derivative
gain / (loss) in AOCI	$	(1.5	)	$	11.0		$	0.0		$	13.5

Net gains / (losses) associated with the
ineffective portion of the hedging transaction
Interest expense		-			-			-			-
Revenues		-			-			-			-

Portion expected to be reclassified to
earnings in the next twelve months*	$	(1.9	)	$	(2.4	)

Maximum length of time that we are hedging
our exposure to variability in future cash flows
related to forecasted transactions (in months)		42			-

*The actual amounts that we reclassify from AOCI to earnings related to power can differ from the estimate above due to market price changes.

Schedule of Derivative Assets and Liabilities at Fair Value


Fair Values of Derivative Instruments Designated as Hedging Instruments
at June 30, 2011

DP&L
									Fair Value on
$ in millions	Fair Value¹			Netting²			Balance Sheet Location		Balance Sheet
Short-term Derivative Positions
Forward Power Contracts in an Asset position	$	0.3		$	(0.3	)	Other prepayments	$	-
							and current assets
Forward Power Contracts in a Liability position		(2.2	)		1.0		Other current liabilities		(1.2	)

Total short-term cash flow hedges	$	(1.9	)	$	0.7			$	(1.2	)

Long-term derivative positions
Forward Power Contracts in an Asset position	$	0.2		$	(0.1	)	Other deferred assets	$	0.1
Forward Power Contracts in a Liability position		(0.6	)		0.1		Other deferred credits		(0.5	)

Total long-term cash flow hedges	$	(0.4	)	$	-			$	(0.4	)

Total cash flow hedges	$	(2.3	)	$	0.7			$	(1.6	)

¹Includes credit valuation adjustment.
²Includes counterparty and collateral netting.


Fair Values of Derivative Instruments Designated as Hedging Instruments
at December 31, 2010

DP&L
									Fair Value on
$ in millions	Fair Value¹			Netting²			Balance Sheet Location		Balance Sheet
Short-term Derivative Positions
Forward Power Contracts in a Liability Position	$	(2.8	)	$	1.0		Other current liabilities	$	(1.8	)
Total short-term cash flow hedges	$	(2.8	)	$	1.0			$	(1.8	)

Long-term Derivative Positions
Forward Power Contracts in an Asset Position	$	0.2		$	(0.2	)	Other deferred assets	$	-
Forward Power Contracts in a Liability Position		(0.2	)		0.1		Other deferred credits		(0.1	)
Total long-term cash flow hedges	$	-		$	(0.1	)		$	(0.1	)

Total cash flow hedges	$	(2.8	)	$	0.9			$	(1.9	)

¹Includes credit valuation adjustment.

²Includes counterparty and collateral netting.

Schedule of Gains and Losses on Derivatives Not Designated as Hedging Instruments


For the three months ended June 30, 2011

	NYMEX			Heating
$ in millions		Coal			Oil			FTRs		Power			Total
Change in unrealized gain / (loss)	$	(10.2	)	$	(1.4	)	$	0.1	$	0.3		$	(11.2	)
Realized gain / (loss)		1.4			0.6			0.2		(0.3	)		1.9
Total	$	(8.8	)	$	(0.8	)	$	0.3	$	-		$	(9.3	)
Recorded on Balance Sheet:
Partner's share of gain / (loss)	$	(5.0	)	$	-		$	-	$	-		$	(5.0	)
Regulatory (asset) / liability		(2.3	)		(0.9	)		-		-			(3.2	)

Recorded in Income Statement: gain / (loss)
Retail revenue	$	-		$	-		$	-	$	-		$	-
Purchased power		-			-			0.3		-			0.3
Fuel		(1.5	)		-			-		-			(1.5	)
O&M		-			0.1			-		-			0.1
Total	$	(8.8	)	$	(0.8	)	$	0.3	$	-		$	(9.3	)


For the three months ended June 30, 2010

	NYMEX		Heating										Natural
$ in millions		Coal		Oil		FTRs				Power			Gas		Total
Change in unrealized gain / (loss)	$	14.1	$	(0.6	)	$	0.2		$	(0.9	)	$	1.0	$	13.8
Realized gain / (loss)		0.7		(0.5	)		(0.3	)		(0.2	)		-		(0.3	)
Total	$	14.8	$	(1.1	)	$	(0.1	)	$	(1.1	)	$	1.0	$	13.5
Recorded on Balance Sheet:
Partner's share of gain / (loss)	$	7.8	$	-		$	-		$	-		$	-	$	7.8
Regulatory (asset) / liability		4.1		(0.3	)		-			-			-		3.8

Recorded in Income Statement: gain / (loss)
Wholesale revenue	$	-	$	-		$	-		$	(1.1	)	$	-	$	(1.1	)
Purchased power		-		-			(0.1	)		-			-		(0.1	)
Fuel		2.9		(0.6	)		-			-			1.0		3.3
O&M		-		(0.2	)		-			-			-		(0.2	)
Total	$	14.8	$	(1.1	)	$	(0.1	)	$	(1.1	)	$	1.0	$	13.5


For the six months ended June 30, 2011

	NYMEX			Heating
$ in millions		Coal			Oil		FTRs			Power			Total
Change in unrealized gain / (loss)	$	(13.8	)	$	1.6	$	(0.1	)	$	0.1		$	(12.2	)
Realized gain / (loss)		3.8			0.9		(0.7	)		(0.5	)		3.5
Total	$	(10.0	)	$	2.5	$	(0.8	)	$	(0.4	)	$	(8.7	)
Recorded on Balance Sheet:
Partner's share of gain / (loss)	$	(7.4	)	$	-	$	-		$	-		$	(7.4	)
Regulatory (asset) / liability		(2.0	)		0.6		-			-			(1.4	)

Recorded in Income Statement: gain / (loss)
Retail revenue	$	-		$	-	$	-		$	-		$	-
Purchased power		-			-		(0.8	)		(0.4	)		(1.2	)
Fuel		(0.6	)		1.8		-			-			1.2
O&M		-			0.1		-			-			0.1
Total	$	(10.0	)	$	2.5	$	(0.8	)	$	(0.4	)	$	(8.7	)


For the six months ended June 30, 2010

		NYMEX	Heating										Natural
$ in millions		Coal		Oil			FTRs			Power			Gas		Total
Change in unrealized gain / (loss)	$	2.7	$	0.2		$	(0.3	)	$	0.2		$	-	$	2.8
Realized gain / (loss)		1.1		(1.1	)		(1.0	)		(0.1	)		-		(1.1	)
Total	$	3.8	$	(0.9	)	$	(1.3	)	$	0.1		$	-	$	1.7
Recorded on Balance Sheet:
Partner's share of gain / (loss)	$	1.8	$	-		$	-		$	-		$	-	$	1.8
Regulatory (asset) / liability		0.4		-			-			-			-		0.4

Recorded in Income Statement: gain / (loss)
Wholesale revenue	$	-	$	-		$	-		$	0.1		$	-	$	0.1
Purchased power		-		-			(1.3	)		-			-		(1.3	)
Fuel		1.6		(0.9	)		-			-			-		0.7
O&M		-		-			-			-			-		-
Total	$	3.8	$	(0.9	)	$	(1.3	)	$	0.1		$	-	$	1.7

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location


Fair Values of Derivative Instruments Not Designated as Hedging Instruments
at June 30, 2011

										Fair Value on
$ in millions	Fair Value¹				Netting²			Balance Sheet Location		Balance Sheet
Short-term Derivative Positions
FTRs in an Asset position	$	0.2			$	-		Other prepayments and current assets	$	0.2
Forward Power Contracts in an Asset position		0.4				(0.3	)	Other prepayments and current assets		0.1
Forward Power Contracts in a Liability position		(0.5	)			0.3		Other current liabilities		(0.2	)
NYMEX-Quality Coal Forwards in an Asset position		12.6				(6.8	)	Other prepayments and current assets		5.8
Heating Oil Futures in an Asset position		2.6				(2.6	)	Other prepayments and current assets		-
Total short-term derivative MTM positions	$	15.3			$	(9.4	)		$	5.9

Long-term Derivative Positions
Forward Power Contracts in an Asset position	$	0.4			$	(0.1	)	Other deferred assets	$	0.3
Forward Power Contracts in a Liability position		(0.3	)			0.1		Other deferred credits		(0.2	)
NYMEX-Quality Coal Forwards in an Asset position		11.5				(6.8	)	Other deferred assets		4.7
NYMEX-Quality Coal Forwards in a Liability position		(0.5	)			0.5		Other deferred credits		-
Heating Oil Futures in an Asset position		0.7				(0.7	)	Other deferred assets		-
Total long-term derivative MTM positions	$	11.8			$	(7.0	)		$	4.8

Total MTM Position	$	27.1		$	(16.4		)		$	10.7