Long term debt (Tables)

12 Months Ended

Dec. 31, 2020

Long-term Debt, Unclassified [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

Long-term debt consists of the following (in millions):


	As of December 31,
	2020		2019
First Mortgage Bonds, rates range from 1.84% to 9.31%, with a weighted average rate of 4.14% in 2020 and 4.63% in 2019, due at various dates through 2050	$	2,940	$	2,510

Pollution Control Revenue Bonds, rates at 2.13% and 2.38%, due 2033	119		119
Pollution Control Revenue Bonds held by PGE	—		(21)
Total long-term debt	3,059		2,608
Less: Unamortized debt expense	(13)		(11)


Less: Current portion of long-term debt	(160)		—
Long-term debt, net of current portion	$	2,886	$	2,597

Schedule of Maturities of Long-term Debt [Table Text Block]

As of December 31, 2020, the future minimum principal payments on long-term debt are as follows (in millions):


Years ending December 31:
2021	$	160
2022	—
2023	—
2024	80
2025	—
Thereafter	2,819
	$	3,059

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details