Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2020

Short-term Debt [Abstract]

Schedule of information regarding short-term borrowings

Information regarding the Company’s short-term borrowings for the years ended December 31, 2020 and 2019 is summarized below:

	(Millions of Dollars)
	2020			2019
Average Amount Outstanding	$	28.3		$	52.4
Weighted Average Interest Rate		1.55	%		3.33	%
Notes Payable at Year-End	$	2.0		$	20.0
Weighted Average Interest Rate at Year-End		1.04	%		2.86	%

Schedule of Line of Credit

The Company maintained lines of credit aggregating $140.0 million at December 31, 2020 and 2019.

		(Millions)
		As of December 31, 2020						Line of Credit
		Outstanding		Available		Maximum	Credit Type	Renewal Date
Bank of America	$	-	$	60.0	$	60.0	Uncommitted	January 28, 2021
PNC Bank		2.0		66.0		68.0	Committed	January 31, 2022
CoBank		-		12.0		12.0	Committed	November 30, 2023
	$	2.0	$	138.0	$	140.0