Debt and Credit Agreements (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of Short-term Debt

The following table reflects our commercial paper program supported by the revolving credit agreements and bilateral credit agreements as of March 31, 2022 and December 31, 2021:

Outstanding Commercial Paper as of				Average Interest Rate on Commercial Paper Borrowings as of
March 31, 2022		December 31, 2021		March 31, 2022		December 31, 2021
$	—	$	702	—	%	0.66	%

Schedule of Line of Credit Facilities

As of March 31, 2022, we had the following aggregate bank commitments, credit facility borrowings and available capacity under our respective credit facilities:

							Available Capacity as of March 31, 2022
Facility Type	Aggregate Bank Commitment		Facility Draws		Outstanding Letters of Credit		Actual		To Support Additional Commercial Paper
Syndicated Revolver(a)	$	3,500	$	—	$	873	$	2,627	$	2,627
Bilaterals	1,100		—		751		349		—
Liquidity Facility	971		—		615		356		—
Project Finance	131		—		113		18		—
Total	$	5,702	$	—	$	2,352	$	3,350	$	2,627

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(a)Excludes $44 million of credit facility agreements arranged at minority and community banks. These facilities expire on October 7, 2022 and are solely utilized to issue letters of credit. As of March 31, 2022, letters of credit issued under these facilities totaled $5 million.

Schedule of Long-term Debt Instruments

During the three months ended March 31, 2022, the following long-term debt was issued:

Type	Interest Rate	Maturity	Amount		Use of Proceeds
Energy Efficiency Project Financing(a)	2.20% - 2.44%	March 31, 2023 - February 29, 2024	$	2	Funding to install energy conservation measures.

__________

(a)For Energy Efficiency Project Financing, the maturity dates represent the expected date of project completion, upon which the respective customer assumes the outstanding debt.

During the three months ended March 31, 2022, the following long-term debt was retired and/or redeemed:

Type	Interest Rate	Maturity	Amount
Senior Notes	3.40%	March 15, 2022	$	500
Senior Notes	4.25%	June 15, 2022	523
Continental Wind Nonrecourse Debt	6.00%	February 28, 2033	20
Antelope Valley DOE Nonrecourse Debt	2.29% - 3.56%	January 5, 2037	6
West Medway II Nonrecourse Debt	1 month LIBOR + 2.875%	March 31, 2026	6
RPG Nonrecourse Debt	4.11%	March 31, 2035	3