LONG-TERM DEBT:

A schedule of our long-term debt as of December 31, including current maturities, is as follows (in thousands):



			2012			2011
Long-Term Debt (A):
First Mortgage Bonds: (B)
4.46	%	Series due 2013	$	10,500		$	10,500
5.027	%	Series due 2013	14,500			14,500
4.52	%	Series due 2014	11,000			11,000
5.115	%	Series due 2014	10,000			10,000
5.387	%	Series due 2015	10,000			10,000
5.437	%	Series due 2016	10,000			10,000
4.60	%	Series due 2016	17,000			17,000
4.657	%	Series due 2017	15,000			15,000
7.97	%	Series due 2018	10,000			10,000
7.125	%	Series due 2018	20,000			20,000
5.587	%	Series due 2019	10,000			10,000
3.00	%	Series due 2024 (C)	50,000			—
3.03	%	Series due 2024 (C)	35,000			—
3.63	%	Series due 2025	10,000			10,000
4.84	%	Series due 2026	15,000			15,000
4.93	%	Series due 2026	45,000			45,000
4.03	%	Series due 2027	45,000			45,000
7.70	%	Series due 2027 (D)	—			35,000
3.74	%	Series due 2032 (D)	35,000			—
5.55	%	Series due 2033	32,000			32,000
6.213	%	Series due 2034	10,000			10,000
5.45	%	Series due 2035	10,000			10,000
Series A 2006 Tax-Exempt First Mortgage Bonds
Variable Rate, due 2036 (E)			25,000			25,000
Total Long-Term Debt Outstanding			450,000			365,000
Less Current Maturities (A)			(25,000		)	(2,187		)
Long-Term Debt			$	425,000		$	362,813


(A)	Long-term debt maturities and sinking funds requirements for the succeeding five years are as follows (in thousands): 2013, $25,000; 2014, $21,000; 2015, $10,909; 2016, $27,909; 2017, $15,909. Our long-term debt agreements contain no financial covenants.


(B)	Our First Mortgage dated October 1, 1947, as supplemented, securing the First Mortgage Bonds constitutes a direct first mortgage lien on substantially all utility plant.


(C)	In September 2012, SJG issued $50.0 million of 3.00% aggregate principal amount of Medium Term Notes (MTN) due September 2024. In November 2012, SJG issued $35.0 million of 3.03% aggregate principal amount of MTN due November 2024.


(D)	In February 2012, SJG called its $35.0 million, 7.70% MTN due April 2027, at par plus a 2.00% premium. The early redemption occurred concurrently with the issuance in April 2012 of $35.0 million, 3.74% MTN due April 2032.


(E)	These variable rate demand bonds bear interest at a floating rate that resets weekly. The interest rate as of December 31, 2012 was 0.17%. Liquidity support on these bonds is provided under a separate letter of credit facility that expires in August, 2015. These bonds contain no financial covenants.

In December 2011, SJG received approval from the BPU to issue up to $200.0 million in long-term debt under its MTN program by September 30, 2014. As of December 31, 2012, $80.0 million was available under this program. We retire debt when it is cost effective as permitted by the debt agreements.