(8) Long-Term Debt:

The activity in our long-term debt from December 31, 2010 to June 30, 2011 is summarized as follows:

			Six months ended June 30, 2011						Interest
									Rate* at
		December 31,				New		June 30,	June 30,
($ in thousands)		2010		Payments		Borrowings		2011	2011

Rural Utilities Service
Loan Contracts	$	11,214	$	(509)	$	-	$	10,705	6.15%

Senior Unsecured Debt		8,302,230		(77,515)		-		8,224,715	8.00%

Industrial Development
Revenue Bonds		13,550		-		-		13,550	6.33%

TOTAL LONG-TERM DEBT	$	8,326,994	$	(78,024)	$	-		8,248,970	8.00%

Less: Debt Discount		(63,299)						(56,498)
Less: Current Portion		(280,002)						(203,659)

	$	7,983,693					$	7,988,813

* Interest rate includes amortization of debt issuance costs, debt premiums or discounts, and deferred gain on interest rate swap terminations. The interest rates at June 30, 2011 represent a weighted average of multiple issuances.

Additional information regarding our Senior Unsecured Debt is as follows:

	June 30, 2011					December 31, 2010
	Principal		Interest			Principal		Interest
($ in thousands)	Outstanding		Rate			Outstanding		Rate

Senior Notes:
Due 5/15/2011	$	-		-		$	76,089		9.250	%
Due 10/24/2011		200,000		6.270	%		200,000		6.270	%
Due 12/31/2012		143,250	1.625% (Variable)				144,000	1.688% (Variable)
Due 1/15/2013		580,724		6.250	%		580,724		6.250	%
Due 12/31/2013		130,612	2.000% (Variable)				131,288	2.063% (Variable)
Due 5/1/2014		600,000		8.250	%		600,000		8.250	%
Due 3/15/2015		300,000		6.625	%		300,000		6.625	%
Due 4/15/2015		500,000		7.875	%		500,000		7.875	%
Due 4/15/2017		1,100,000		8.250	%		1,100,000		8.250	%
Due 10/1/2018		600,000		8.125	%		600,000		8.125	%
Due 3/15/2019		434,000		7.125	%		434,000		7.125	%
Due 4/15/2020		1,100,000		8.500	%		1,100,000		8.500	%
Due 4/15/2022		500,000		8.750	%		500,000		8.750	%
Due 1/15/2027		345,858		7.875	%		345,858		7.875	%
Due 2/15/2028		200,000		6.730	%		200,000		6.730	%
Due 10/15/2029		50,000		8.400	%		50,000		8.400	%
Due 8/15/2031		945,325		9.000	%		945,325		9.000	%
		7,729,769					7,807,284


Debentures:
Due 11/1/2025		138,000		7.000	%		138,000		7.000	%
Due 8/15/2026		1,739		6.800	%		1,739		6.800	%
Due 10/1/2034		628		7.680	%		628		7.680	%
Due 7/1/2035		125,000		7.450	%		125,000		7.450	%
Due 10/1/2046		193,500		7.050	%		193,500		7.050	%
		458,867					458,867
Subsidiary Senior
Notes due 12/1/2012		36,000		8.050	%		36,000		8.050	%

Capital Lease Obligations		79		-			79		-
Total	$	8,224,715		8.00	%	$	8,302,230		8.04	%

We have a $750.0 million revolving credit facility (the Credit Facility). As of June 30, 2011, we had not made any borrowings utilizing this facility. The terms of the Credit Facility are set forth in the Credit Agreement, dated as of March 23, 2010, among the Company, the Lenders party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent (the Credit Agreement). Associated facility fees under the Credit Facility will vary from time to time depending on the Company's credit rating (as defined in the Credit Agreement) and were 0.625% per annum as of June 30, 2011. The Credit Facility is scheduled to terminate on January 1, 2014. During the term of the Credit Facility, the Company may borrow, repay and reborrow funds, and may obtain letters of credit, subject to customary borrowing conditions. Loans under the Credit Facility will bear interest based on the alternate base rate or the adjusted LIBOR rate (each as determined in the Credit Agreement), at the Company's election, plus a margin specified in the Credit Agreement based on the Company's credit rating. Letters of credit issued under the Credit Facility will also be subject to fees that vary depending on the Company's credit rating. The Credit Facility will be available for general corporate purposes but may not be used to fund dividend payments.

We also have a $190.0 million unsecured letter of credit facility. The terms of the letter of credit facility are set forth in a Credit Agreement, dated as of September 8, 2010, among the Company, the Lenders party thereto, and Deutsche Bank AG, New York Branch (the Bank), as Administrative Agent and Issuing Bank (the Letter of Credit Agreement). A letter of credit for $190.0 million was issued to the West Virginia Public Service Commission to guarantee certain of our capital investment commitments in West Virginia in connection with the Transaction. The commitments under the Letter of Credit Agreement expire on September 20, 2011, with a Bank option to extend up to $100.0 million of the commitments to September 20, 2012. On June 17, 2011, the Bank gave notice of their intent to exercise their option to extend $100.0 million of the facility until September 20, 2012. The Company is required to pay an annual facility fee on the available commitment, regardless of usage. The covenants binding on the Company under the terms of the Letter of Credit Agreement are substantially similar to those in the Company's other credit facilities, including limitations on liens, substantial asset sales and mergers, subject to customary exceptions and thresholds.

As of June 30, 2011, we were in compliance with all of our debt and credit facility financial covenants.

Our principal payments for the next five years are as follows as of June 30, 2011:

($ in thousands)	Principal Payments

2011 (remaining six months)	$	201,978
2012	$	180,366
2013	$	709,855
2014	$	600,517
2015	$	800,549
2016	$	466