XML 41 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
Financial Instruments & Related Fair Value (Tables)
12 Months Ended
Oct. 31, 2012
Financial Instruments And Related Fair Value Tables [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table sets forth, by level of the fair value hierarchy, our financial assets and liabilities that were accounted for at fair value on a recurring basis as of October 31, 2012 and 2011.

Recurring Fair Value Measurements as of October 31, 2012 
             
     Significant       
  Quoted Prices  Other  Significant    
  in Active  Observable  Unobservable  Total 
  Markets  Inputs  Inputs  Carrying 
In thousands (Level 1)  (Level 2)  (Level 3)  Value 
             
Assets:            
Derivatives held for distribution operations$ 3,153 $ - $ - $ 3,153 
Debt and equity securities held as trading securities:            
Money markets  243   -   -   243 
Mutual funds  2,045   -   -   2,045 
Total fair value assets$ 5,441 $ - $ - $ 5,441 

Recurring Fair Value Measurements as of October 31, 2011 
             
     Significant       
  Quoted Prices  Other  Significant    
  in Active  Observable  Unobservable  Total 
  Markets  Inputs  Inputs  Carrying 
In thousands (Level 1)  (Level 2)  (Level 3)  Value 
             
Assets:            
Derivatives held for distribution operations$ 2,772 $ - $ - $ 2,772 
Debt and equity securities held as trading securities:            
Money markets  217   -   -   217 
Mutual funds  1,274   -   -   1,274 
Total fair value assets$ 4,263 $ - $ - $ 4,263 
Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amount and fair value of our long-term debt, which is classified within Level 2, are shown below.

  Carrying    
In thousands Amount  Fair Value 
       
As of October 31, 2012$ 975,000 $ 1,163,227 
As of October 31, 2011  675,000   831,323 

The following table presents the fair value and balance sheet classification of our financial options for natural gas as of October 31, 2012 and 2011.

Fair Value of Derivative Instruments
             
In thousands     2012   2011 
           
Derivatives Not Designated as Hedging Instruments under Derivative Accounting Standards:     
             
Asset Financial Instruments:            
Current Assets - Gas purchase derivative assets (December 2012 - October 2013) $ 3,153     
Current Assets - Gas purchase derivative assets (December 2011 - October 2012)     $ 2,772 
             
Fair Value, Assets and Liabilities Measured on Recurring Basis, Gain (Loss) Included in Earnings [Table Text Block]

The following table presents the impact that financial instruments not designated as hedging instruments under derivative accounting standards would have had on the Consolidated Statements of Comprehensive Income for the twelve months ended October 31, 2012 and 2011, absent the regulatory treatment under our approved PGA procedures.

             Location of Loss
 Amount of Loss Recognized Amount of Loss Deferred Recognized through
In thousandson Derivative Instruments Under PGA Procedures PGA Procedures
              
  Twelve Months Ended  Twelve Months Ended  
  October 31  October 31  
  2012  2011  2012  2011  
              
Gas purchase options$8 $10 $8 $10 Cost of Gas