11. ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
The changes in accumulated other comprehensive income/(loss) by component, net of tax, is as follows:
| For the Nine Months Ended September 30, 2013 | ||||||||||||
| (Millions of Dollars) | Qualified Cash Flow Hedging Instruments | Unrealized Gains/(Losses) on Available-for-Sale Securities | Pension, SERP and PBOP Benefit Plans | Total | ||||||||
| AOCI as of January 1, 2013 | $ | (16.4) | $ | 1.3 | $ | (57.8) | $ | (72.9) | ||||
| Other Comprehensive Income Before Reclassifications | - | (0.8) | - | (0.8) | ||||||||
| Amounts Reclassified from AOCI | 1.5 | - | 4.8 | 6.3 | ||||||||
| Net Other Comprehensive Income | 1.5 | (0.8) | 4.8 | 5.5 | ||||||||
| AOCI as of September 30, 2013 | $ | (14.9) | $ | 0.5 | $ | (53.0) | $ | (67.4) | ||||
NU's qualified cash flow hedging instruments represent interest rate swap agreements on debt issuances that were settled in prior years. The settlement amount was recorded in AOCI and is being amortized into Net Income over the term of the underlying debt instrument. CL&P, PSNH and WMECO continue to amortize interest rate swaps settled in prior years from AOCI into Interest Expense over the remaining life of the associated long-term debt, which are not material to their respective financial statements.
The following table sets forth the amounts reclassified from AOCI by component and the affected line item on the statements of income:
| For the Three Months Ended | For the Nine Months Ended | ||||||
| September 30, 2013 | September 30, 2013 | ||||||
| Amount Reclassified | Amount Reclassified | Statements of Income | |||||
| (Millions of Dollars) | from AOCI | from AOCI | Line Item Impacted | ||||
| Qualified Cash Flow Hedging Instruments | $ | (0.8) | $ | (2.5) | Interest Expense | ||
| Tax Benefit | 0.3 | 1.0 | Income Tax Expense | ||||
| Qualified Cash Flow Hedging Instruments, Net of Tax | $ | (0.5) | $ | (1.5) | |||
| Pension, SERP and PBOP Benefit Plan Costs: | |||||||
| Amortization of Actuarial Losses | $ | (2.5) | $ | (7.3) | (1) | ||
| Amortization of Prior Service Cost | 0.0 | (0.1) | (1) | ||||
| Total Pension, SERP and PBOP Benefit Plan Costs | (2.5) | (7.4) | (1) | ||||
| Tax Benefit | 0.9 | 2.6 | Income Tax Expense | ||||
| Pension, SERP and PBOP Benefit Plan Costs, Net of Tax | $ | (1.6) | $ | (4.8) | |||
| Total Amount Reclassified from AOCI, Net of Tax | $ | (2.1) | $ | (6.3) | |||