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Financing Arrangements and Long-term Debt (Tables)
3 Months Ended
Dec. 31, 2020
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, 2020, $455.5 of Spire’s short-term borrowings were used to support lending to the Utilities.

 

 

Spire (Parent Only)

 

 

Spire Missouri

 

 

Spire Alabama

 

 

Spire

 

 

 

Credit

 

 

Term

 

 

CP

 

 

Credit

 

 

Spire

 

 

Credit

 

 

Spire

 

 

Consol-

 

 

 

Facility

 

 

Loan

 

 

Program

 

 

Facility

 

 

Note

 

 

Facility

 

 

Note

 

 

idated

 

Three Months Ended December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average borrowings

 

$

 

 

$

125.5

 

 

$

609.2

 

 

$

 

 

$

341.3

 

 

$

 

 

$

111.6

 

 

$

734.7

 

Lowest borrowings outstanding

 

 

 

 

 

 

 

 

497.0

 

 

 

 

 

 

292.8

 

 

 

 

 

 

1.5

 

 

 

631.1

 

Highest borrowings outstanding

 

 

 

 

 

150.0

 

 

 

701.1

 

 

 

 

 

 

396.7

 

 

 

 

 

 

152.2

 

 

 

850.5

 

Weighted average interest rate

 

n/a

 

 

 

1.1

%

 

 

0.2

%

 

n/a

 

 

 

0.2

%

 

n/a

 

 

 

0.2

%

 

 

0.4

%

As of December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Borrowings outstanding

 

$

 

 

$

 

 

$

696.1

 

 

$

 

 

$

393.7

 

 

$

 

 

$

27.0

 

 

$

696.1

 

Weighted average interest rate

 

n/a

 

 

n/a

 

 

 

0.3

%

 

n/a

 

 

 

0.3

%

 

n/a

 

 

 

0.3

%

 

 

0.3

%

As of September 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Borrowings outstanding

 

$

 

 

$

150.0

 

 

$

498.0

 

 

$

 

 

$

301.2

 

 

$

 

 

$

121.3

 

 

$

648.0

 

Weighted average interest rate

 

n/a

 

 

 

1.1

%

 

 

0.2

%

 

n/a

 

 

 

0.2

%

 

n/a

 

 

 

0.2

%

 

 

0.6

%

As of December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Borrowings outstanding

 

$

 

 

$

 

 

$

518.9

 

 

$

 

 

$

288.1

 

 

$

 

 

$

67.1

 

 

$

518.9

 

Weighted average interest rate

 

n/a

 

 

n/a

 

 

 

2.1

%

 

n/a

 

 

 

2.1

%

 

n/a

 

 

 

2.1

%

 

 

2.1

%

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,

 

 

 

2020

 

 

2019

 

Spire

 

$

0.9

 

 

$

2.2

 

Spire Missouri

 

 

 

 

 

0.3

 

Spire Alabama

 

 

0.6

 

 

 

0.6