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Debt and Credit Agreements (Tables)
 12 Months Ended
Dec. 31, 2011
Debt Disclosure [Abstract]  
Long-term debt
The following table summarizes long-term debt (rates and terms are as of December 31, 2011):
 
December 31,
(in millions)
2011
 
2010
First and refunding mortgage bonds:
 
 
 
2014 – 2041 (3.875% to 6.05% and floating)
$
7,375

 
$
6,475

Pollution-control bonds:
 
 
 
2028 – 2035 (2.875% to 5.0% and variable)
939

 
1,196

Bonds repurchased
(161
)
 
(324
)
Debentures and notes:
 
 
 
2013 – 2053 (5.06% to 7.625%)
4,407

 
4,410

Wind project financings:
 
 
 
Tapestry Wind, LLC
 
 
 
Term Loan (LIBOR plus 2.5%)
214

 
—

Big Sky Wind, LLC
 
 
 
Vendor financing loan due 2014 (LIBOR plus 3.5%)
211

 
190

Viento Funding II, Inc.
 
 
 
Term Loan due 2020 (LIBOR plus 2.75%)
207

 
150

Walnut Creek Energy and WCEP Holdings, LLC
 
 
 
  Construction Loans due 2013 (LIBOR plus 2.25% ; LIBOR plus 4%)
187

 
—

Cedro Hill Wind, LLC
 
 
 
Term Loan due 2025 (LIBOR plus 3.0%)
131

 
135

Laredo Ridge
 
 
 
  Term Loan due 2026 (LIBOR plus 2.75%)
74

 
—

High Lonesome Mesa, LLC
 
 
 
  Bonds Series 2010A and 2010B due 2017 (6.85%)
72

 
75

Other wind project financings
55

 
23

Other long-term debt
65

 
117

Long-term debt due within one year
(57
)
 
(48
)
Unamortized debt discount – net
(30
)
 
(28
)
Total
$
13,689

 
$
12,371
Summary for status of credit facilities
The following table summarizes the status of the credit facilities at December 31, 2011:
(in millions)
SCE
EMG
Edison
International
(parent)
Commitment
$
2,894

$
1,064

$
1,426

Outstanding borrowings
(419
)
—

(10
)
Outstanding letters of credit
(81
)
(69
)
—

Amount available
$
2,394

$
995

$
1,416