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Long-Term Debt and Financing Obligations Outstanding Balance (Details)
$ in Thousands
1 Months Ended
Dec. 31, 2015
USD ($)
Aug. 15, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 01, 2014
USD ($)
Jan. 14, 2014
USD ($)
Dec. 06, 2012
USD ($)
Aug. 31, 2010
USD ($)
Aug. 18, 2010
USD ($)
Jun. 02, 2008
May. 02, 2005
Jun. 29, 2008
USD ($)
Aug. 28, 2012
Jun. 01, 2008
USD ($)
May. 01, 2005
USD ($)
Debt Instrument [Line Items]                            
Long-term Debt $ 1,276,022   $ 1,163,711                      
Long-term Debt, Current Maturities 0   (15,000)                      
Line of Credit, Current (141,738)   (14,532)                      
Long-term debt, net of current portion 1,134,284   1,134,179                      
Nuclear Fuel Financing                            
Debt Instrument [Line Items]                            
Long-term Line of Credit 33,700   14,500                      
Working Capital and General Purpose                            
Debt Instrument [Line Items]                            
Long-term Line of Credit 108,000   0                      
Short Term Borrowing                            
Debt Instrument [Line Items]                            
Repayments of Short-term Debt                     $ 44,000      
Revolving Credit Facility                            
Debt Instrument [Line Items]                            
Long-term Line of Credit $ 141,738                          
Line of Credit Weighted Average Interest Rate 1.40%                          
Revolving Credit Facility | Nuclear Fuel Financing                            
Debt Instrument [Line Items]                            
Long-term Line of Credit $ 33,700                          
Revolving Credit Facility | Working Capital and General Purpose                            
Debt Instrument [Line Items]                            
Long-term Line of Credit 108,000                          
Revolving Credit Facility Expiring January 2019                            
Debt Instrument [Line Items]                            
Line of Credit Facility, Expiration Date         Jan. 14, 2019                  
Line of Credit renewal option, renewal times         2                  
Line of Credit renewal term, year         1 year                  
Line of Credit Facility, Current Borrowing Capacity         $ 300,000                  
Line of Credit Facility, Maximum Borrowing Capacity         400,000                  
Line of Credit Facility, Increase (Decrease), Net         $ 100,000                  
Bonds and Notes                            
Debt Instrument [Line Items]                            
Long-term Debt 1,134,284   1,149,179                      
Pollution Control Bonds                            
Debt Instrument [Line Items]                            
Long-term Debt [1] $ 193,135   193,135                      
Number of tax exempt bond series 4                          
Pollution Control Bonds | 7.25% 2009 Series A Refunding Bonds, due 2040                            
Debt Instrument [Line Items]                            
Long-term Debt [1] $ 63,500   $ 63,500                      
Debt Instrument, Interest Rate, Stated Percentage 7.25%   7.25%                      
Debt Instrument, Interest Rate, Effective Percentage 7.46%   7.46%                      
Debt Instrument, Maturity Date Feb. 01, 2040   Feb. 01, 2040                      
Pollution Control Bonds | 4.50% 2012 Series A Refunding Bonds, due 2042                            
Debt Instrument [Line Items]                            
Long-term Debt [1] $ 59,235   $ 59,235                      
Debt Instrument, Interest Rate, Stated Percentage 4.50%   4.50%                      
Debt Instrument, Interest Rate, Effective Percentage 4.63%   4.63%                      
Debt Instrument, Maturity Date Aug. 01, 2042   Aug. 01, 2042                      
Pollution Control Bonds | 7.25% 2009 Series B Refunding Bonds, due 2040                            
Debt Instrument [Line Items]                            
Long-term Debt [1] $ 37,100   $ 37,100                      
Debt Instrument, Interest Rate, Stated Percentage 7.25%   7.25%                      
Debt Instrument, Interest Rate, Effective Percentage 7.49%   7.49%                      
Debt Instrument, Maturity Date Apr. 01, 2040   Apr. 01, 2040                      
Pollution Control Bonds | 1.875% 2012 Series A Refunding Bonds, due 2032                            
Debt Instrument [Line Items]                            
Long-term Debt [1] $ 33,300   $ 33,300                      
Debt Instrument, Interest Rate, Stated Percentage 1.875%   1.875%                 1.875%    
Debt Instrument, Interest Rate, Effective Percentage 2.35%   2.35%                      
Debt Instrument, Maturity Date Jun. 01, 2032   Jun. 01, 2032                      
Debt Instrument Remarketed Date, Year Sep. 30, 2017                          
Debt Instrument, Face Amount $ 33,300                          
Senior Notes                            
Debt Instrument [Line Items]                            
Long-term Debt [2] 846,149   $ 846,044                      
Senior Notes | 6.00% Senior Notes, Net of Discount, due 2035                            
Debt Instrument [Line Items]                            
Long-term Debt [2] $ 398,069   $ 398,021                      
Debt Instrument, Interest Rate, Stated Percentage 6.00%   6.00%                     6.00%
Debt Instrument, Interest Rate, Effective Percentage 7.12%   7.12%                      
Debt Instrument, Maturity Date May 15, 2035   May 15, 2035                      
Debt Instrument, Face Amount                           $ 400,000
Debt Instrument, Issuance Date                   May 01, 2005        
Debt Instrument, Unamortized Discount                           $ 2,300
Senior Notes | 7.50% Senior Notes, Net of Discount, due 2038                            
Debt Instrument [Line Items]                            
Long-term Debt [2] $ 148,838   $ 148,818                      
Debt Instrument, Interest Rate, Stated Percentage 7.50%   7.50%                   7.50%  
Debt Instrument, Interest Rate, Effective Percentage 7.67%   7.67%                      
Debt Instrument, Maturity Date Mar. 15, 2038   Mar. 15, 2038                      
Debt Instrument, Face Amount                         $ 150,000  
Debt Instrument, Issuance Date                 Jun. 01, 2008          
Debt Instrument, Unamortized Discount                         $ 1,300  
Senior Notes | 3.30% Senior Notes, Net of Discount, due 2022                            
Debt Instrument [Line Items]                            
Long-term Debt [2] $ 149,766   $ 149,737                      
Debt Instrument, Interest Rate, Stated Percentage 3.30%   3.30%     3.30%                
Debt Instrument, Interest Rate, Effective Percentage 3.43%   3.43%                      
Debt Instrument, Maturity Date Dec. 15, 2022   Dec. 15, 2022                      
Debt Instrument, Face Amount           $ 150,000                
Debt Instrument, Issuance Date           Dec. 06, 2012                
Debt Instrument, Unamortized Discount           $ 300                
Senior Notes | 5.00% Senior Notes, Net of Discount, due 2044                            
Debt Instrument [Line Items]                            
Long-term Debt [2] $ 149,476   $ 149,468                      
Debt Instrument, Interest Rate, Stated Percentage 5.00%   5.00% 5.00%                    
Debt Instrument, Interest Rate, Effective Percentage 5.10%   5.10%                      
Debt Instrument, Maturity Date Dec. 01, 2044   Dec. 01, 2044                      
Debt Instrument, Face Amount       $ 150,000                    
Debt Instrument, Issuance Date       Dec. 01, 2014                    
Debt Instrument, Unamortized Discount       $ 500                    
RGRT Senior Notes                            
Debt Instrument [Line Items]                            
Long-term Debt [3] $ 95,000   $ 110,000                      
Debt Instrument, Face Amount               $ 110,000            
Redemption Price of Notes Equal to Principal Amount, Percentage               100.00%            
Proceeds from Issuance of Long-term Debt             $ 109,400              
RGRT Senior Notes | 3.67% Senior Notes, Series A, due 2015                            
Debt Instrument [Line Items]                            
Long-term Debt [3] $ 0   $ 15,000                      
Long-term Debt, Current Maturities   $ (15,000)                        
Debt Instrument, Interest Rate, Stated Percentage 3.67%   3.67%                      
Debt Instrument, Interest Rate, Effective Percentage 3.87%   3.87%                      
Debt Instrument, Maturity Date   Aug. 15, 2015 Aug. 15, 2015                      
RGRT Senior Notes | 4.47% Senior Notes, Series B, due 2017                            
Debt Instrument [Line Items]                            
Long-term Debt [3] $ 50,000   $ 50,000                      
Debt Instrument, Interest Rate, Stated Percentage 4.47%   4.47%                      
Debt Instrument, Interest Rate, Effective Percentage 4.62%   4.62%                      
Debt Instrument, Maturity Date Aug. 15, 2017   Aug. 15, 2017                      
RGRT Senior Notes | 5.04% Senior Notes, Series C, due 2020                            
Debt Instrument [Line Items]                            
Long-term Debt [3] $ 45,000   $ 45,000                      
Debt Instrument, Interest Rate, Stated Percentage 5.04%   5.04%                      
Debt Instrument, Interest Rate, Effective Percentage 5.16%   5.16%                      
Debt Instrument, Maturity Date Aug. 15, 2020   Aug. 15, 2020                      
Financing Obligations | Revolving Credit Facility                            
Debt Instrument [Line Items]                            
Long-term Line of Credit [4] $ 141,738   $ 14,532                      
[1] Pollution Control Bonds ("PCBs")The Company has four series of tax exempt unsecured PCBs in aggregate principal amount of $193.1 million. The 1.875% 2012 Series A (El Paso Electric Company Four Corners Project) Pollution Control Refunding Revenue Bonds with an aggregate principal amount of $33.3 million are subject to mandatory tender for purchase in September 2017.
[2] Senior NotesThe Senior Notes are unsecured obligations of the Company. They were issued pursuant to bond covenants that provide limitations on the Company’s ability to enter into certain transactions. The 6.00% Senior Notes have an aggregate principal amount of $400.0 million and were issued in May 2005. The proceeds, net of a $2.3 million discount, were used to fund the retirement of the Company's first mortgage bonds. The Company amortizes the loss associated with a cash flow hedge recorded in accumulated other comprehensive income to earnings as interest expense over the life of the 6.00% Senior Notes. See Part II, Item 8, Financial Statements and Supplementary Data, Note O. This amortization is included in the effective interest rate of the 6.00% Senior Notes. The 7.50% Senior Notes have an aggregate principal amount of $150.0 million and were issued in June 2008. The proceeds, net of a $1.3 million discount, were used to repay short-term borrowings of $44.0 million, fund capital expenditures and for other general corporate purposes.The 3.30% Senior Notes have an aggregate principal amount of $150.0 million and were issued in December 2012. The proceeds, net of a $0.3 million discount, were used to fund construction expenditures and for working capital and general corporate purposes.The 5.00% Senior Notes have an aggregate principal amount of $150.0 million and were issued in December 2014. The proceeds, net of a $0.5 million discount, were used to fund construction expenditures and for working capital and general corporate purposes.
[3] RGRT Senior NotesIn 2010, the Company and RGRT, a Texas grantor trust through which the Company finances its portion of fuel for Palo Verde, entered into a note purchase agreement with various institutional purchasers. Under the terms of the agreement, RGRT sold to the purchasers $110 million aggregate principal amount of Senior Notes (the "Notes"). In August 2015, $15.0 million of these Notes matured and were paid with borrowings from the RCF. The Company guarantees the payment of principal and interest on the Notes. In the Company’s financial statements, the assets and liabilities of the RGRT are reported as assets and liabilities of the Company.RGRT pays interest on the Notes on February 15, and August 15 of each year until maturity. RGRT may redeem the Notes, in whole or in part, at any time at a redemption price equal to 100% of the principal amount to be redeemed together with the interest on such principal amount accrued to the date of redemption, plus a make-whole amount based on the prevailing market interest rates. The agreement requires compliance with certain covenants, including a total debt to capitalization ratio. The Company was in compliance with these requirements throughout 2015.The sale of the Notes was made by RGRT in reliance on a private placement exemption from registration under the Securities Act of 1933, as amended. The proceeds of $109.4 million, net of issuance costs, from the sale of the Notes was used by RGRT to repay amounts borrowed under the revolving credit facility and will enable future nuclear fuel financing requirements of RGRT to be met with a combination of the Notes and amounts borrowed from the RCF.
[4] Revolving Credit FacilityOn January 14, 2014, the Company and RGRT entered into a second amended and restated credit agreement related to the RCF with JP Morgan Chase Bank, N.A., as administrative agent and issuing bank, and Union Bank, N.A., as syndication agent, and various lending banks party thereto. Under the terms of the agreement, the Company has available $300 million and the ability to increase the RCF by up to $100 million (up to a total of $400 million) upon the satisfaction of certain conditions, more fully set forth in the agreement, including obtaining commitments from lenders or third party financial institutions. The RCF has a term ending January 2019. The Company may extend the maturity date up to two times, in each case for an additional one year period upon the satisfaction of certain conditions.The RCF provides that amounts borrowed by the Company may be used for, among other things, working capital and general corporate purposes. Any amounts borrowed by RGRT may be used, among other things, to finance the acquisition and processing of nuclear fuel. Amounts borrowed by RGRT are guaranteed by the Company and the balance borrowed under the RCF is recorded as short-term borrowings on the balance sheet. The RCF is unsecured. The RCF requires compliance with certain covenants, including a total debt to capitalization ratio. The Company was in compliance with these requirements throughout 2015. In August 2015, $15.0 million aggregate principal amount of Series A 3.67% Senior Notes of RGRT matured and were paid utilizing borrowings under the RFC. As of December 31, 2015, the total amount borrowed by RGRT was $33.7 million for nuclear fuel under the RCF. As of December 31, 2015, $108.0 million of borrowings were outstanding under this facility for working capital and general corporate purposes. The weighted average interest rate on the RCF was 1.4% as of December 31, 2015.