BHE Debt (Tables)

12 Months Ended

Dec. 31, 2015

MEHC Debt [Abstract]

BHE Debt [Table Text Block]

Junior Subordinated Debentures

BHE junior subordinated debentures consists of the following as of December 31 (in millions):

	Par Value		2015		2014
Junior subordinated debentures, due 2043	$	1,444	$	1,444	$	2,294
Junior subordinated debentures, due 2044	1,500		1,500		1,500
Total BHE junior subordinated debentures - noncurrent	$	2,944	$	2,944	$	3,794

Senior Debt

BHE senior debt represents unsecured senior obligations of BHE that are redeemable in whole or in part at any time generally with make-whole premiums. BHE senior debt consists of the following, including unamortized premiums, discounts and debt issuance costs, as of December 31 (in millions):

	Par Value		2015		2014
1.10% Senior Notes, due 2017	$	400	$	399	$	399
5.75% Senior Notes, due 2018	650		648		648
2.00% Senior Notes, due 2018	350		348		348
2.40% Senior Notes, due 2020	350		348		348
3.75% Senior Notes, due 2023	500		497		497
3.50% Senior Notes, due 2025	400		397		397
8.48% Senior Notes, due 2028	475		477		477
6.125% Senior Bonds, due 2036	1,700		1,690		1,688
5.95% Senior Bonds, due 2037	550		547		547
6.50% Senior Bonds, due 2037	1,000		987		986
5.15% Senior Notes, due 2043	750		739		738
4.50% Senior Notes, due 2045	750		737		737
Total BHE Senior Debt	$	7,875	$	7,814	$	7,810
Reflected as:
Current liabilities			$	—	$	—
Noncurrent liabilities			7,814		7,810
Total BHE Senior Debt			$	7,814	$	7,810

Long-term debt of subsidiaries consists of the following, including fair value adjustments and unamortized premiums, discounts and debt issuance costs, as of December 31 (in millions):

	Par Value		2015		2014
PacifiCorp	$	7,204	$	7,159	$	7,055
MidAmerican Funding	4,627		4,560		4,323
NV Energy	4,840		4,860		5,118
Northern Powergrid	2,735		2,772		2,317
BHE Pipeline Group	1,045		1,040		1,358
BHE Transmission	3,469		3,467		3,743
BHE Renewables	3,394		3,356		2,934
Total subsidiary debt	$	27,314	$	27,214	$	26,848
Reflected as:
Current liabilities			$	1,148	$	1,232
Noncurrent liabilities			26,066		25,616
Total subsidiary debt			$	27,214	$	26,848

MidAmerican Energy's long-term debt consists of the following, including amounts maturing within one year and unamortized premiums, discounts and debt issuance costs, as of December 31 (dollars in millions):

	Par Value		2015		2014
First mortgage bonds:
2.40%, due 2019	$	500	$	499	$	498
3.70%, due 2023	250		248		248
3.50%, due 2024	500		502		296
4.80%, due 2043	350		345		345
4.40%, due 2044	400		394		394
4.25%, due 2046	450		444		—
Notes:
5.95% Series, due 2017	250		250		250
5.3% Series, due 2018	350		349		349
6.75% Series, due 2031	400		395		395
5.75% Series, due 2035	300		298		298
5.8% Series, due 2036	350		347		347
Turbine purchase obligation, 1.43%, due 2015(1)	—		—		420
Transmission upgrade obligation, 4.449%, due through 2035	5		4		—
Variable-rate tax-exempt bond obligation series: (weighted average interest rate- 2015-0.03%, 2014-0.07%)
Due 2016	34		33		33
Due 2017	4		4		4
Due 2023, issued in 1993	7		7		7
Due 2023, issued in 2008	57		57		57
Due 2024	35		35		35
Due 2025	13		13		13
Due 2038	45		45		45
Capital lease obligations - 4.16%, due through 2020	2		2		—
Total	$	4,302	$	4,271	$	4,034

(1) In conjunction with the construction of wind-powered generating facilities in 2012, MidAmerican Energy accrued as gross property, plant and equipment amounts for turbine purchases it is not contractually obligated to pay until December 2015. The amount ultimately payable was discounted and recognized upon delivery of the equipment as long-term debt. The discount was amortized as interest expense over the period until payment was due using the effective interest method.