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Financing Arrangements and Long-term Debt (Tables)
3 Months Ended
Dec. 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 December 31, 2019, $373.2 of Spire’s short-term borrowings were used to support lending to the Utilities.

 

 

Spire

CP Program

Borrowings

 

Spire Missouri Borrowings from Spire

 

Spire Alabama Borrowings from Spire

Three Months Ended December 31, 2019

 

 

 

 

 

 

Weighted average borrowings outstanding

 

$727.7

 

$331.1

 

$115.0

Weighted average interest rate

 

2.2%

 

2.2%

 

2.2%

Range of borrowings outstanding

 

$510.9 – $856.6

 

$239.4 – $429.5

 

$43.8 – $161.3

As of December 31, 2019

 

 

 

 

 

 

Borrowings outstanding

 

$518.9

 

$288.1

 

$67.1

Weighted average interest rate

 

2.1%

 

2.1%

 

2.1%

As of September 30, 2019

 

 

 

 

 

 

Borrowings outstanding

 

$743.2

 

$386.4

 

$128.7

Weighted average interest rate

 

2.3%

 

2.3%

 

2.3%

As of December 31, 2018

 

 

 

 

 

 

Borrowings outstanding

 

$626.1

 

$308.0

 

$164.2

Weighted average interest rate

 

3.1%

 

3.1%

 

3.1%

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

December 31,

 

 

 

2019

 

 

2018

 

Spire

 

$

2.2

 

 

$

1.2

 

Spire Missouri

 

 

0.3

 

 

 

0.5

 

Spire Alabama

 

 

0.6