2012-11-14T19:46:42-06:00 2011-12-31 ERNST & YOUNG US LLP 2100 ONE PPG PLACE PITTSBURGH PA 15222 990 2011-01-01 134009945 VEBA HEALTH INSURANCE TRUST FOR NON-UNION EMPLOYEES OF KEYSPAN % THE BANK OF NEW YORK MELLON VEBA 4122367175 C/O THE BNYM PO BOX 535007 PITTSBURGH PA 152535007 BRENT HEINTZELMAN 2012-11-14 true 4126447800 2011 2016-02-24 21:20:13Z X THE BANK OF NEW YORK MELLON PO BOX 535007 PITTSBURGH PA 152535007 97671529 false X N/A X 1998 NY PROVISION OF WELFARE BENEFITS 1 0 0 0 -321893 0 0 0 31655203 27507452 1572533 682395 41093 5881 33268829 28195728 0 0 27458210 31186825 14787 21775 0 0 0 147159 235647 27620156 31444247 5648673 -3248519 115770725 114441289 0 0 115770725 114441289 PROVISION OF WELFARE BENEFITS false false 0 0 0 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 true true false false false false false X 1 0 false false false false false false false false false false false false 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 X 21775 0 0 21775 0 0 0 false false false 0 0 EMPLOYER CONTRIBUTIONS 525100 24400000 24400000 EMPLOYEE CONTRIBUTIONS 525100 3107452 3107452 27507452 1147268 1010169 137099 0 0 0 69010928 69475801 -464873 -464873 -464873 0 0 0 SECTION 1256 INCOME 900001 5261 5261 SECTION 988 GAIN 900001 91 91 NET RENTAL REAL ESTATE INCOME 900001 19 19 510 510 5881 28195728 28517621 -321893 0 0 0 0 31186825 21775 0 0 0 0 0 0 0 33550 0 0 54482 46168 0 0 0 0 0 0 0 0 0 0 0 0 ADMINISTRATION FEES 8937 NEW YORK UBTI TAX EXPENSE 250 PORTFOLIO DEDUCTIONS 92260 31444247 0 0 0 0 0 0 0 0 0 248383 311213 0 0 0 0 0 0 0 0 0 0 0 0 0 115522342 114130076 0 0 0 0 0 0 115770725 114441289 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 115770725 114441289 0 0 0 0 115770725 114441289 115770725 114441289 X -3248519 1919083 X X false false false LP/JOINT VENTURE INTEREST 7895003 C UNALLOCATED INSURANCE CONTRACT 74678814 C REGISTERED INVESTMENT COMPANY 2556484 C OTHER INVESTMENTS 21769496 C PARTNERSHIP/JOINT VENTURE INT 7230279 C 114130076 FORM 990 PART VI SECTION A LINES 1A & B THE BANK OF NEW YORK MELLON SERVES AS SOLE DIRECTED TRUSTEE OF THIS TRUST. THE PLAN SPONSOR IS NATIONAL GRID USA SERVICE COMPANY. THE TRUST IS ADMINISTERED BY THE INVESTMENT COMMITTEE OF THE PLAN SPONSOR IN ACCORDANCE WITH THE TERMS OF THE TRUST AGREEMENT. AS SUCH THE VEBA DOES NOT HAVE A GOVERNING BODY THAT EXERCISES DISCRETION. FORM 990 PART VI SECTION B LINE 11A NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990 PART VI SECTION A & B LINES 8, 12-15 THESE QUESTIONS ARE NOT APPLICABLE TO THIS TRUST. ADDITIONALLY, IT 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 HEALTH INSURANCE TRUST FOR NON-UNION EMPLOYEES OF KEYSPAN. THESE 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. FORM 990 PART XII LINE 1 VEBA HEALTH INSURANCE TRUST FOR NON-UNION EMPLOYEES OF KEYSPAN HAS NOTED THAT ITS BOOKS AND RECORDS ARE REPORTED ON THE "MODIFIED CASH" BASIS WHICH IS A MORE ACCURATE DESCRIPTION OF THE ACCOUNTING METHOD USED BY VEBA HEALTH INSURANCE TRUST FOR NON-UNION EMPLOYEES OF KEYSPAN AND IS IN COMPLIANCE WITH REG. 1.446-1(C)(IV). THOUGH THIS DESCRIPTION IS DIFFERENT FROM THE PRIOR YEAR, THERE HAS BEEN NO CHANGE IN THE ACCOUNTING METHOD AND IT IS IN CONFORMITY WITH THE METHOD USED FOR ITS BOOKS. VEBA HEALTH INSURANCE TRUST FOR NON-UNION EMPLOYEES OF KEYSPAN BELIEVES THAT THE METHOD CLEARLY REFLECTS INCOME AND IS CONSISTENTLY USED. FORM 990 PART XI LINE 5 THE AMOUNT SHOWN ON LINE 5 REPRESENTS AN ADJUSTMENT FOR INCOME AND EXPENSES FROM PARTNERSHIPS. NATIONAL GRID USA SERVICE COMPANY 40 SYLVAN ROAD WALTHAM MA 02451 041663150 ENERGY MA NA C CORP 0 0 0.00000 false false false false false false false false false false false false false false false false false true