XML 59 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Retirement Benefits (Tables)
9 Months Ended
Sep. 30, 2013
Retirement Benefits  
Schedule of net periodic benefit cost

Net periodic benefit cost, some of which is capitalized as a component of labor cost and some of which is deferred as a regulatory asset, is comprised of the following components and is shown for our noncontributory defined benefit pension plan, our supplemental retirement program (SERP) and other postretirement benefits (OPEB) (in thousands):

 

 

 

Three months ended September 30,

 

 

 

Pension Benefits

 

SERP

 

OPEB

 

 

 

2013

 

2012

 

2013

 

2012

 

2013

 

2012

 

Service cost

 

$

1,863

 

$

1,439

 

$

34

 

$

23

 

$

735

 

$

671

 

Interest cost

 

2,516

 

2,591

 

78

 

86

 

957

 

962

 

Expected return on plan assets

 

(3,107

)

(3,080

)

 

 

(1,088

)

(1,018

)

Amortization of prior service cost (1)

 

133

 

133

 

(2

)

(2

)

(253

)

(253

)

Amortization of net actuarial loss (1)

 

2,611

 

2,052

 

142

 

139

 

565

 

311

 

Net periodic benefit cost

 

$

4,016

 

$

3,135

 

$

252

 

$

246

 

$

916

 

$

673

 

 

 

 

Nine months ended September 30,

 

 

 

Pension Benefits

 

SERP

 

OPEB

 

 

 

2013

 

2012

 

2013

 

2012

 

2013

 

2012

 

Service cost

 

$

5,590

 

$

4,696

 

$

101

 

$

39

 

$

2,206

 

$

1,801

 

Interest cost

 

7,547

 

7,693

 

236

 

197

 

2,870

 

3,027

 

Expected return on plan assets

 

(9,321

)

(9,232

)

 

 

(3,265

)

(3,101

)

Amortization of prior service cost (1)

 

399

 

398

 

(6

)

(6

)

(758

)

(758

)

Amortization of net actuarial loss (1)

 

7,834

 

5,952

 

426

 

291

 

1,696

 

1,246

 

Net periodic benefit cost

 

$

12,049

 

$

9,507

 

$

757

 

$

521

 

$

2,749

 

$

2,215

 

 

 

 

Twelve months ended September 30,

 

 

 

Pension Benefits

 

SERP

 

OPEB

 

 

 

2013

 

2012

 

2013

 

2012

 

2013

 

2012

 

Service cost

 

$

7,156

 

$

6,094

 

$

114

 

$

62

 

$

2,806

 

$

2,367

 

Interest cost

 

10,111

 

10,295

 

301

 

243

 

3,879

 

4,123

 

Expected return on plan assets

 

(12,398

)

(12,017

)

 

 

(4,299

)

(4,140

)

Amortization of prior service cost (1)

 

531

 

532

 

(8

)

(8

)

(1,011

)

(1,011

)

Amortization of net actuarial loss (1)

 

9,818

 

7,325

 

523

 

334

 

2,112

 

1,687

 

Net periodic benefit cost

 

$

15,218

 

$

12,229

 

$

930

 

$

631

 

$

3,487

 

$

3,026

 

 

(1) Amounts are amortized from our regulatory asset originally recorded upon recognizing our net pension liability on the balance sheet.