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Financing (Tables)
3 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Short-term Borrowings

Information about short-term borrowings, including Spire Missouri’s and Spire Alabama’s borrowings from Spire, is presented in the following table. As of December 31, 2021, $421.9 of Spire’s CP Program borrowings was used to support lending to the Utilities.

 

 

Spire

(Parent Only)

 

 

Spire

Missouri

 

 

Spire

Alabama

 

 

Spire

 

 

 

CP

 

 

Term

 

 

Spire

 

 

Spire

 

 

Consol-

 

 

 

Program

 

 

Loan

 

 

Note

 

 

Note

 

 

idated

 

Three Months Ended December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Highest borrowings outstanding

 

$

746.8

 

 

$

250.0

 

 

$

412.0

 

 

$

176.7

 

 

$

996.8

 

Lowest borrowings outstanding

 

 

408.0

 

 

 

250.0

 

 

 

101.6

 

 

 

38.4

 

 

 

658.0

 

Weighted average borrowings

 

 

558.6

 

 

 

250.0

 

 

 

253.6

 

 

 

73.6

 

 

 

808.6

 

Weighted average interest rate

 

 

0.2

%

 

 

0.7

%

 

 

0.2

%

 

 

0.2

%

 

 

0.4

%

As of December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Borrowings outstanding

 

$

596.0

 

 

$

250.0

 

 

$

180.4

 

 

$

173.7

 

 

$

846.0

 

Weighted average interest rate

 

 

0.4

%

 

 

0.7

%

 

 

0.4

%

 

 

0.4

%

 

 

0.5

%

As of September 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Borrowings outstanding

 

$

422.0

 

 

$

250.0

 

 

$

240.9

 

 

$

49.0

 

 

$

672.0

 

Weighted average interest rate

 

 

0.2

%

 

 

0.7

%

 

 

0.2

%

 

 

0.2

%

 

 

0.4

%

As of December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Borrowings outstanding

 

$

696.1

 

 

$

 

 

$

393.7

 

 

$

27.0

 

 

$

696.1

 

Weighted average interest rate

 

 

0.3

%

 

n/a

 

 

 

0.3

%

 

 

0.3

%

 

 

0.3

%

Summary Capitalized Interest

Interest expense shown on the statements of income is net of the capitalized interest amounts shown in the following table.

 

 

Three Months Ended

December 31,

 

 

 

2021

 

 

2020

 

Spire

 

$

1.1

 

 

$

0.9

 

Spire Missouri

 

 

 

 

 

 

Spire Alabama

 

 

0.8

 

 

 

0.6