Short-term Borrowings

12 Months Ended

Dec. 31, 2012

Short-term Debt [Abstract]

Short-term Borrowings

Note 5 – Short-term Borrowings

Information regarding the Company’s short-term borrowings for the years ended December 31, 2012 and 2011 is summarized below:

	(Millions of  Dollars)
	2012			2011
Established Lines at Year-End	$	60.0		$	60.0
Maximum Amount Outstanding		29.0			24.3
Average Outstanding		25.5			20.7
Notes Payable at Year-End		28.0			24.3
Weighted Average Interest Rate		1.43	%		1.44	%
Weighted Average Interest Rate at Year-End		1.40	%		1.33	%

The maturity dates for the Notes Payable as of December 31, 2012 are all in January 2013 and are extendable at the discretion of the Company.

Interest rates for short-term borrowings are below the prime rate with no requirement for compensating balances.