Long Term Debt (Tables)

6 Months Ended

Jun. 30, 2011

Long Term Debt [Abstract]

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

Senior Unsecured Debt

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	%

Credit Facility

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