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Financing Arrangements and Long-term Debt (Tables)
6 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Spire Missouri and Alabama Short-term Borrowings

Information about Spire’s consolidated short-term borrowings and about Spire Missouri’s and Spire Alabama’s borrowings from Spire is presented in the following table. As of March 31, 2019, $344.6 of Spire’s short-term borrowings were used to support lending to the Utilities.

 

 

Spire Commercial

Paper

Borrowings

 

Spire Missouri Borrowings from Spire

 

Spire Alabama Borrowings from Spire

Six Months Ended March 31, 2019

 

 

 

 

 

 

Weighted average borrowings outstanding

 

$598.3

 

$313.5

 

$117.3

Weighted average interest rate

 

2.8%

 

2.8%

 

2.8%

Range of borrowings outstanding

 

$482.5 – $689.3

 

$205.1 – $404.9

 

$43.8 – $169.2

As of March 31, 2019

 

 

 

 

 

 

Borrowings outstanding

 

$512.0

 

$232.9

 

$73.7

Weighted average interest rate

 

2.8%

 

2.8%

 

2.8%

As of September 30, 2018

 

 

 

 

 

 

Borrowings outstanding

 

$553.6

 

$345.3

 

$142.5

Weighted average interest rate

 

2.4%

 

2.3%

 

2.3%

As of March 31, 2018

 

 

 

 

 

 

Borrowings outstanding

 

$391.7

 

$175.8

 

$82.3

Weighted average interest rate

 

2.2%

 

2.2%

 

2.2%

Summary Capitalized Interest

Interest expense shown on Spire’s consolidated statements of income and Spire Missouri’s statements of comprehensive income is net of the capitalized interest amounts shown in the following table.

 

 

Three Months Ended

March 31,

 

 

Six Months Ended

March 31,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Spire

 

$

1.4

 

 

$

0.6

 

 

$

2.6

 

 

$

1.0

 

Spire Missouri

 

 

0.4

 

 

 

0.2

 

 

 

0.9

 

 

 

0.4