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Long-Term Debt and Financing Obligations Outstanding Balance (Details)
$ in Thousands
1 Months Ended 12 Months Ended
Jan. 10, 2017
Jan. 09, 2017
USD ($)
Dec. 31, 2016
USD ($)
Mar. 24, 2016
USD ($)
Dec. 31, 2015
USD ($)
Aug. 15, 2015
USD ($)
Dec. 01, 2014
USD ($)
Dec. 06, 2012
USD ($)
Aug. 31, 2010
USD ($)
Aug. 18, 2010
USD ($)
Jun. 02, 2008
May 02, 2005
Jun. 29, 2008
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Aug. 28, 2012
Jun. 01, 2008
USD ($)
May 01, 2005
USD ($)
Debt Instrument [Line Items]                                      
Long-term Debt     $ 1,360,230   $ 1,264,398 [1]                 $ 1,360,230 $ 1,264,398 [1]        
Long-term Debt, Current Maturities     (83,143)   0 [1]                 (83,143) 0 [1]        
Line of Credit, Current     (81,574)   (141,738) [1]                 (81,574) (141,738) [1]        
Long-term debt, net of current portion     1,195,513   1,122,660 [1]                 1,195,513 1,122,660 [1]        
Proceeds from issuance of senior notes                           157,052 0 $ 149,468      
Interest accrued     13,287   12,649                 13,287 12,649        
Nuclear Fuel Financing                                      
Debt Instrument [Line Items]                                      
Long-term Line of Credit     37,600   33,700                 37,600 33,700        
Working Capital and General Purpose                                      
Debt Instrument [Line Items]                                      
Long-term Line of Credit     44,000   108,000                 44,000 108,000        
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     $ 81,574                     $ 81,574          
Line of Credit Weighted Average Interest Rate     2.00%                     2.00%          
Revolving Credit Facility | Nuclear Fuel Financing                                      
Debt Instrument [Line Items]                                      
Long-term Line of Credit     $ 37,600                     $ 37,600          
Revolving Credit Facility | Working Capital and General Purpose                                      
Debt Instrument [Line Items]                                      
Long-term Line of Credit     $ 44,000                     44,000          
Revolving Credit Facility Expiring January 2019                                      
Debt Instrument [Line Items]                                      
Line of Credit Facility, Expiration Date     Jan. 14, 2019                                
Line of Credit Facility, Current Borrowing Capacity     $ 300,000                     300,000          
Line of Credit Facility, Remaining Borrowing Capacity     100,000                     100,000          
Bonds and Notes                                      
Debt Instrument [Line Items]                                      
Long-term Debt     1,278,656   1,122,660 [1]                 1,278,656 1,122,660 [1]        
Pollution Control Bonds                                      
Debt Instrument [Line Items]                                      
Long-term Debt [2]     $ 190,775   190,499 [1]                 $ 190,775 190,499 [1]        
Number of tax exempt bond series     4                     4          
Debt Instrument, Face Amount     $ 193,100                     $ 193,100          
Pollution Control Bonds | 7.25% 2009 Series A Refunding Bonds, due 2040                                      
Debt Instrument [Line Items]                                      
Long-term Debt [2]     $ 62,619   $ 62,582 [1]                 $ 62,619 $ 62,582 [1]        
Debt Instrument, Interest Rate, Stated Percentage     7.25%   7.25%                 7.25% 7.25%        
Debt Instrument, Interest Rate, Effective Percentage     7.46%   7.46%                 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 [2]     $ 58,471   $ 58,441 [1]                 $ 58,471 $ 58,441 [1]        
Debt Instrument, Interest Rate, Stated Percentage     4.50%   4.50%                 4.50% 4.50%        
Debt Instrument, Interest Rate, Effective Percentage     4.63%   4.63%                 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 [2]     $ 36,492   $ 36,465 [1]                 $ 36,492 $ 36,465 [1]        
Debt Instrument, Interest Rate, Stated Percentage     7.25%   7.25%                 7.25% 7.25%        
Debt Instrument, Interest Rate, Effective Percentage     7.49%   7.49%                 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 [2]     $ 33,193   $ 33,011 [1]                 $ 33,193 $ 33,011 [1]        
Debt Instrument, Interest Rate, Stated Percentage     1.875%   1.875%                 1.875% 1.875%   1.875%    
Debt Instrument, Interest Rate, Effective Percentage     2.35%   2.35%                 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                     $ 33,300          
Senior Notes                                      
Debt Instrument [Line Items]                                      
Long-term Debt [3]     993,086   $ 837,475 [1]                 993,086 $ 837,475 [1]        
Senior Notes | 6.00% Senior Notes, Net of Discount, due 2035                                      
Debt Instrument [Line Items]                                      
Long-term Debt [3]     $ 393,861   $ 393,693 [1]                 $ 393,861 $ 393,693 [1]        
Debt Instrument, Interest Rate, Stated Percentage     6.00%   6.00%                 6.00% 6.00%       6.00%
Debt Instrument, Interest Rate, Effective Percentage     7.12%   7.12%                 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 [3]     $ 147,331   $ 147,282 [1]                 $ 147,331 $ 147,282 [1]        
Debt Instrument, Interest Rate, Stated Percentage     7.50%   7.50%                 7.50% 7.50%     7.50%  
Debt Instrument, Interest Rate, Effective Percentage     7.67%   7.67%                 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 [3]     $ 148,939   $ 148,783 [1]                 $ 148,939 $ 148,783 [1]        
Debt Instrument, Interest Rate, Stated Percentage     3.30%   3.30%     3.30%           3.30% 3.30%        
Debt Instrument, Interest Rate, Effective Percentage     3.43%   3.43%                 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. 01, 2012                      
Debt Instrument, Unamortized Discount               $ 300                      
Senior Notes | 5.00% Senior Notes, Net of Discount, due 2044                                      
Debt Instrument [Line Items]                                      
Long-term Debt [3]     $ 302,955   $ 147,717 [1]                 $ 302,955 $ 147,717 [1]        
Debt Instrument, Interest Rate, Stated Percentage     5.00% 5.00% 5.00%                 5.00% 5.00%        
Debt Instrument, Interest Rate, Effective Percentage     4.93%   4.93%                 4.93% 4.93%        
Debt Instrument, Maturity Date     Dec. 01, 2044 Dec. 01, 2044 Dec. 01, 2044                            
Debt Instrument, Face Amount     $ 300,000 $ 150,000     $ 150,000             $ 300,000          
Proceeds from issuance of senior notes       158,100                              
Interest accrued       2,400                              
Debt Instrument, Unamortized Premium       $ 7,100                              
Debt Instrument, Issuance Date       Mar. 24, 2016     Dec. 01, 2014                        
Debt Instrument, Unamortized Discount             $ 500                        
RGRT Senior Notes                                      
Debt Instrument [Line Items]                                      
Long-term Debt [4]     94,795   $ 94,686 [1]                 94,795 $ 94,686 [1]        
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, Current Maturities           $ (15,000)                          
Debt Instrument, Interest Rate, Stated Percentage           3.67%                          
Debt Instrument, Maturity Date           Aug. 15, 2015                          
RGRT Senior Notes | 4.47% Senior Notes, Series B, due 2017                                      
Debt Instrument [Line Items]                                      
Long-term Debt [4]     49,950   $ 49,883 [1]                 49,950 $ 49,883 [1]        
Long-term Debt, Current Maturities     $ (50,000)                     $ (50,000)          
Debt Instrument, Interest Rate, Stated Percentage     4.47%   4.47%                 4.47% 4.47%        
Debt Instrument, Interest Rate, Effective Percentage     4.62%   4.62%                 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 [4]     $ 44,845   $ 44,803 [1]                 $ 44,845 $ 44,803 [1]        
Debt Instrument, Interest Rate, Stated Percentage     5.04%   5.04%                 5.04% 5.04%        
Debt Instrument, Interest Rate, Effective Percentage     5.16%   5.16%                 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 [5]     $ 81,574   $ 141,738 [1]                 $ 81,574 $ 141,738 [1]        
Subsequent Event                                      
Debt Instrument [Line Items]                                      
Line of Credit Facility, Expiration Date Jan. 14, 2021                                    
Line of Credit renewal term, year 1 year                                    
Subsequent Event | Revolving Credit Facility Expiring January 2020                                      
Debt Instrument [Line Items]                                      
Line of Credit Facility, Expiration Date   Jan. 14, 2020                                  
Line of Credit renewal term, year   1 year                                  
Line of Credit Facility, Current Borrowing Capacity   $ 350,000                                  
Line of Credit Facility, Remaining Borrowing Capacity   50,000                                  
Line of Credit Facility, Maximum Borrowing Capacity   400,000                                  
Line of Credit Facility, Increase (Decrease), Net   $ 50,000                                  
[1] The Company implemented ASU 2015-03, Interest - Imputation of Interest, which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. ASU 2015-03 is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The impact of ASU 2015-03 on the Company's Balance Sheet was to reclassify $11.6 million of other deferred charges to long-term debt, net of current portion at December 31, 2015.
[2] 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 at which time the Company will either repay or remarket these bonds.
[3] 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 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. In December 2014, the Company issued 5.00% Senior Notes with an aggregate principal amount of $150.0 million. The proceeds, net of a $0.5 million discount, were used to fund construction expenditures and for working capital and general corporate purposes. In March 2016, the Company issued additional 5.00% Senior Notes with an aggregate principal amount of $150.0 million. The proceeds from this issuance, after deducting the underwriters' commission, were $158.1 million. These proceeds included accrued interest of $2.4 million and a $7.1 million premium before expenses. The net proceeds, from the sale of these senior notes were used to repay outstanding short-term borrowings under the RCF. After the March 2016 issuance, the Company's 5.00% Senior Notes due 2044 had a total principal amount outstanding of $300.0 million.
[4] 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. In August 2017, $50.0 million of these Senior Notes will mature. The Company will either repay or refinance this $50.0 million of Notes upon maturity. The Company guarantees the payment of principal and interest on the Notes. In the Company’s financial statements, the assets and liabilities of 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 2016.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 RCF 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.
[5] 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. As of December 31, 2016, the Company had available $300 million and the ability to increase the RCF by up to $100 million with a term ending January 2019. On January 9, 2017, the Company exercised its option to extend the maturity of the RCF by one year to January 14, 2020 and to increase the size of the facility by $50 million to $350 million. The Company still has the option to extend the facility by one additional year to January 2021 and to increase the RCF by up to $50 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 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 2016. 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 RCF. As of December 31, 2016, the total amount borrowed by RGRT was $37.6 million for nuclear fuel under the RCF. As of December 31, 2016, $44.0 million of borrowings were outstanding under this facility for working capital and general corporate purposes. The weighted average interest rate on the RCF was 2.0% as of December 31, 2016.