XML 62 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Debt and Credit Agreements
3 Months Ended
Mar. 31, 2014
Debt Disclosure [Abstract]  
Debt and Credit Agreements
Debt and Credit Agreements
Credit Agreements and Short-Term Debt
In January 2014, SCE issued $300 million of floating rate first and refunding mortgage bonds due in January 2015. The proceeds from these bonds were used for working capital to fund the ERRA balancing account undercollections.
At March 31, 2014, SCE's outstanding commercial paper was $105 million at a weighted-average interest rate of 0.20%. This commercial paper was supported by a $2.75 billion multi-year revolving credit facility. At March 31, 2014, letters of credit issued under SCE's credit facility aggregated $141 million and are scheduled to expire in twelve months or less. At December 31, 2013, the outstanding commercial paper was $175 million at a weighted-average interest rate of 0.24%.
At March 31, 2014, Edison International Parent's outstanding commercial paper was $206 million at a weighted-average interest rate of 0.51%. This commercial paper was supported by a $1.25 billion multi-year revolving credit facility. At December 31, 2013, the outstanding commercial paper was $34 million at a weighted-average interest rate of 0.55%.