2013-11-15T14:29:04-06:00 2012-12-31 ERNST & YOUNG US LLP 2100 ONE PPG PLACE PITTSBURGH PA 15222 990 2012-01-01 133914183 VEBA TRUST FOR UNION EMPLOYEES OF KEYSPAN CORPORATION % THE BANK OF NEW YORK MELLON VEBA 4122367175 C/O THE BNYM PO BOX 535007 Suite PITTSBURGH PA 152535007 BRENT HEINTZELMAN 4126447800 2013-11-12 true 4126447800 2012 2016-03-07 17:11:31Z THE BANK OF NEW YORK MELLON PO BOX 535007 PITTSBURGH PA 152535007 92109425 false X N/A X 1994 NY TO PROVIDE BENEFITS TO ELIGIBLE MEMBERS 1 0 0 0 0 0 0 0 47838487 77417115 20949434 14832068 587018 -170323 69374939 92078860 0 0 38644556 50672257 146910 102924 0 0 0 1061543 1206763 39853009 51981944 29521930 40096916 414599969 453271436 12258778 10833329 402341191 442438107 TO PROVIDE BENEFITS TO ELIGIBLE MEMBERS false false 0 0 0 TO PROVIDE BENEFITS TO ELIGIBLE MEMBERS 0 0 0 0 false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false X 1 0 false false false false false false false false false false false true false false false false false false X THE BANK OF NEW YORK MELLON 4122367175 PO BOX 535007 PITTSBURGH PA 152535007 X THE BANK OF NEW YORK MELLON 0.0 0.0 X 102924 0 0 102924 0 0 1 false false false GMO INVESTMENT MGMT 142321 SOUTHEASTERN ASSET INVESTMENT MGMT 139478 WESTERN ASSET INVESTMENT MGMT 154610 IRONBRIDGE INVESTMENT MGMT 103350 4 0 EMPLOYER CONTRIBUTIONS 525100 74300000 74300000 EMPLOYEE CONTRIBUTIONS 525100 3117115 3117115 77417115 7258681 7258681 0 0 0 0 0 7603952 30565 7573387 7573387 7573387 0 0 0 STOCK LOAN INCOME 900099 42612 42612 LOSS ON FX CONTRACTS 900099 -87831 -87831 REALIZED CURRENCY LOSS 900099 -155897 -155897 30793 30793 -170323 92078860 77417115 0 14661745 0 0 0 50672257 102924 0 0 0 0 0 0 0 54983 0 0 974084 146548 0 0 0 0 0 0 0 0 0 0 0 0 ADMINISTRATION FEES 27485 COMMISSION ON FUTURES 3663 51981944 0 0 0 521 27811 140693 193690 0 0 12196226 11098320 0 0 0 0 0 0 0 0 0 0 0 0 244872340 402262529 197079275 0 0 0 0 0 0 414599969 453271436 12258778 10833329 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12258778 10833329 X 402341191 442438107 0 0 0 0 402341191 442438107 414599969 453271436 40096916 X X false false false COMMON/COLLECTIVE TRUST 147383431 C 103-12 INVESTMENT ENTITIES 24620024 C PARTNERSHIP/JOINT VENTURE INTE 23432943 C OTHER INVESTMENTS 1642877 C 197079275 FORM 990 PART VI SECTION A LINE 1A & B THE BANK OF NEW YORK MELLON SERVES AS DIRECTED TRUSTEE OF THIS TRUST. THE PLAN SPONSOR IS NATIONAL GRID USA SERVICE COMPANY INC. THE TRUST IS ADMINISTERED BY THE KEYSPAN CORPORATION BOARD OF DIRECTORS IN ACCORDANCE WITH THE TERMS OF THE TRUST AGREEMENT. AS SUCH THE TRUST DOES NOT HAVE A GOVERNING BODY THAT EXERCISES DISCRETION. FORM 990 PART VI SECTION B LINE 11B A COMPLETE ELECTRONIC COPY OF THE ORGANIZATION'S FORM 990 WAS PROVIDED TO THE TRUSTEE FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990 PART VI SECTIONS A & B LINES 8, 12-15 THESE QUESTIONS ARE NOT APPLICABLE TO THE TRUST. ADDITIONALLY, THE TRUST DOES NOT HAVE ANY EMPLOYEES, THEREFORE, NO PROCESSES RELATED TO EMPLOYEE COMPENSATION ARE IN PLACE. FORM 990 PART VI SECTION C LINE 19 AS A 501(C)(9) ORGANIZATION THE TRUST IS NOT REQUIRED TO MAKE THE DOCUMENTS REFERENCED IN QUESTION 19 AVAILABLE TO THE GENERAL PUBLIC. FORM 990 PART VII SECTION A LINE 1A COLUMN (B) AVERAGE HOURS PER WEEK DEVOTED TO POSITION: AS TRUSTEE, THE BANK OF NEW YORK MELLON PROVIDES ADMINISTRATIVE SERVICES SUCH AS ACTING AS INVESTMENT MANAGER FOR VEBA TRUST FOR UNION EMPLOYEES OF KEYSPAN CORPORATION. THE SERVICES REQUIRE NUMEROUS INDIVIDUAL BANK EMPLOYEES' INVOLVEMENT IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CANNOT BE QUANTIFIED ON AN HOURLY BASIS. THEREFORE, THE TRUSTEE FEES ARE NOT BASED UPON AN HOURLY BASIS, BUT ARE CALCULATED BASED UPON FACTORS SUCH AS THE MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH THE BANK OF NEW YORK MELLON'S AGREEMENT WITH NATIONAL GRID USA SERVICE COMPANY INC. FORM 990 PART XII, LINE 1 MODIFIED CASH BASIS NATIONAL GRID USA SERVICE COMPANY INC 40 SYLVAN ROAD WALTHAM MA 02451 041663150 ENERGY MA C CORP false false false false false false false false false false false false false false false false false false false true