SHORT-TERM DEBT AND LINES OF CREDIT (Tables)

9 Months Ended

Sep. 30, 2013

SHORT-TERM DEBT AND LINES OF CREDIT

Schedule of short-term borrowings

Our outstanding short-term borrowings were as follows:

(Millions, except percentages)	September 30, 2013			December 31, 2012
Commercial paper	$	114.4		$	95.4
Average discount rate on commercial paper	0.15		%	0.24		%
Loan under term credit facility	$	200.0		$	—
Average interest rate on loan under term credit facility	0.78		%	—

Schedule of revolving credit facilities and remaining available capacity

We manage our liquidity by maintaining adequate external financing commitments. The information in the table below relates to our short-term debt and revolving credit facilities used to support our commercial paper borrowing program, including remaining available capacity under these facilities:

(Millions)	Maturity	September 30, 2013		December 31, 2012
Revolving credit facility	05/17/2014	$	135.0	$	135.0
Revolving credit facility	06/13/2017	115.0		115.0
Term credit facility	12/31/2013	200.0		—
Total short-term credit capacity		$	450.0	$	250.0
Less:
Loan outstanding under term credit facility		$	200.0	$	—
Commercial paper outstanding		114.4		95.4
Available capacity under existing agreements		$	135.6	$	154.6