Retirement Benefit Obligations (Tables)

6 Months Ended

Jun. 30, 2012

The following table includes the key weighted average assumptions used in determining the Company’s benefit plan costs and obligations:


	2012			2011
Used to Determine Plan Costs
Discount Rate		4.60	%		5.35	%
Rate of Compensation Increase		3.00	%		3.50	%
Expected Long-term rate of return on plan assets		8.50	%		8.50	%
Health Care Cost Trend Rate Assumed for Next Year		6.50	%		7.00	%
Ultimate Health Care Cost Trend Rate		4.00	%		4.00	%
Year that Ultimate Health Care Cost Trend Rate is reached		2017			2017

The following tables provide the components of the Company’s Retirement plan costs ($000’s):


	Pension Plan						PBOP Plan						SERP
Three Months Ended June 30,	2012			2011			2012			2011			2012	2011
Service Cost	$	807		$	735		$	517		$	479		$72	$	71
Interest Cost		1,158			1,171			576			570		53		57
Expected Return on Plan Assets		(1,347	)		(1,210	)		(174	)		(204	)	—		—
Prior Service Cost Amortization		47			62			432			432		3		3
Transition Obligation Amortization		—			—			5			5		—		—
Actuarial Loss Amortization		904			783			32			—		16		19

Sub-total		1,569			1,541			1,388			1,282		144		150
Amounts Capitalized and Deferred		(725	)		(677	)		(560	)		(401	)	—		—

Net Periodic Benefit Cost Recognized	$	844		$	864		$	828		$	881		$ 144	$	150


	Pension Plan						PBOP Plan						SERP
Six Months Ended June 30,	2012			2011			2012			2011			2012		2011
Service Cost	$	1,613		$	1,471		$	1,033		$	959		$	144	$	142
Interest Cost		2,317			2,342			1,151			1,139			106		113
Expected Return on Plan Assets		(2,695	)		(2,420	)		(348	)		(409	)		—		—
Prior Service Cost Amortization		94			125			864			864			6		6
Transition Obligation Amortization		—			—			11			11			—		—
Actuarial Loss Amortization		1,808			1,566			65			—			32		39

Sub-total		3,137			3,084			2,776			2,564			288		300
Amounts Capitalized and Deferred		(1,281	)		(1,180	)		(980	)		(634	)		—		—

Net Periodic Benefit Cost Recognized	$	1,856		$	1,904		$	1,796		$	1,930		$	288	$	300