XML 45 R45.htm IDEA: XBRL DOCUMENT v2.4.0.6
LONG-TERM DEBT (Details) (USD $)
1 Months Ended
Feb. 28, 2012
Dec. 31, 2012
Dec. 31, 2011
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   $ 450,000,000 [1] $ 365,000,000 [1]
Less Current Maturities   (25,000,000) [1] (2,187,000) [1]
Long-Term Debt   425,000,000 [1] 362,813,000 [1]
Long-term Debt, Fiscal Year Maturity [Abstract]      
2013   25,000,000  
2014   21,000,000  
2015   10,909,000  
2016   27,909,000  
2017   15,909,000  
Bonds at variable rates [Member]
     
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   25,000,000 [1],[2] 25,000,000 [1],[2]
Long-term Debt, Fiscal Year Maturity [Abstract]      
Interest rate at end of period   0.17%  
Series Due 2013, 4.46% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   10,500,000 [1],[3] 10,500,000 [1],[3]
Series Due 2013, 5.027% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   14,500,000 [1],[3] 14,500,000 [1],[3]
Series Due 2014, 4.52% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   11,000,000 [1],[3] 11,000,000 [1],[3]
Series Due 2014, 5.115% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   10,000,000 [1],[3] 10,000,000 [1],[3]
Series Due 2015, 5.387% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   10,000,000 [1],[3] 10,000,000 [1],[3]
Series Due 2016, 5.437% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   10,000,000 [1],[3] 10,000,000 [1],[3]
Series Due 2016, 4.6% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   17,000,000 [1],[3] 17,000,000 [1],[3]
Series Due 2017, 4.657% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   15,000,000 [1],[3] 15,000,000 [1],[3]
Series Due 2018, 7.97% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   10,000,000 [1],[3] 10,000,000 [1],[3]
Series Due 2018, 7.125% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   20,000,000 [1],[3] 20,000,000 [1],[3]
Series Due 2019, 5.587% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   10,000,000 [1],[3] 10,000,000 [1],[3]
Series Due 2024, 3.00% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Stated interest rate   3.00%  
Total Long-Term Debt Outstanding   50,000,000 [1],[3],[4] 0 [1],[3],[4]
Series Due 2024, 3.03% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Stated interest rate   3.03%  
Total Long-Term Debt Outstanding   35,000,000 [1],[3],[4] 0 [1],[3],[4]
Series Due 2025, 3.63% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   10,000,000 [1],[3] 10,000,000 [1],[3]
Series Due 2026, 4.84% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   15,000,000 [1],[3] 15,000,000 [1],[3]
Series Due 2026, 4.93% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   45,000,000 [1],[3] 45,000,000 [1],[3]
Series Due 2027, 4.03% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   45,000,000 [1],[3] 45,000,000 [1],[3]
Series Due 2027, 7.7% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Stated interest rate   7.70%  
Total Long-Term Debt Outstanding   0 [1],[3],[5] 35,000,000 [1],[3],[5]
Long-term Debt, Fiscal Year Maturity [Abstract]      
Redemption premium 2.00%    
Series Due 2027, 7.7% [Member] | Medium-term Notes [Member]
     
Long-term Debt, Fiscal Year Maturity [Abstract]      
Approved borrowing capacity     200,000,000
Available borrowing capacity   80,000,000  
Series Due 2032, 3.74% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Stated interest rate   3.74%  
Total Long-Term Debt Outstanding   35,000,000 [1],[3],[5] 0 [1],[3],[5]
Series Due 2033, 5.55% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   32,000,000 [1],[3] 32,000,000 [1],[3]
Series Due 2034, 6.213% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   10,000,000 [1],[3] 10,000,000 [1],[3]
Series Due 2035, 5.45% [Member] | First Mortgage Bonds [Member]
     
Debt Instrument [Line Items]      
Total Long-Term Debt Outstanding   $ 10,000,000 [1],[3] $ 10,000,000 [1],[3]
[1] 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.
[2] 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.
[3] 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.
[4] 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.
[5] 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.