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Debt and Credit Agreements (Tables)
6 Months Ended
Jun. 30, 2013
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes long-term debt (rates and terms as of June 30, 2013), excluding LSTC:
(in millions)
Current Rate1
 
Effective Interest Rate2
 
Maturity Date
 
June 30,
2013
 
December 31,
2012
Walnut Creek Energy
   Term Loan
2.53%
LIBOR+2.25%
 
5.47%
 
May 2023
 
$
442

 
$
330

WCEP Holdings, LLC
Term Loan
4.32%
LIBOR+4.0%
 
7.63%
 
May 2023
 
53

 
52

Big Sky Wind, LLC
   Vendor financing loan

3.94%
LIBOR+3.5%
 
3.94%
 
October 2014
 
226

 
222

High Lonesome Mesa, LLC 
   Bonds
6.85%
Fixed
 
6.85%
 
November 2017
 
66

 
69

American Bituminous Power Partners, L.P.3 Bonds
0.14%
Fixed
 
0.14%
 
October 2017
 
46

 
46

Viento Funding II, Inc.
Term Loan
3.18%
LIBOR+2.75%
 
5.82%
 
December 2020
 
179

 
191

Tapestry Wind, LLC
Term Loan
2.79%
LIBOR+2.5%
 
4.52%
 
December 2021
 
205

 
210

Cedro Hill Wind, LLC
Term Loan
3.29%
LIBOR+3.0%
 
6.89%
 
December 2025
 
120

 
125

Laredo Ridge
Term Loan
3.03%
LIBOR+2.75%
 
5.90%
 
March 2026
 
70

 
71

Crofton Bluffs Wind, LLC
Term Loan
4
3.16%
LIBOR+2.88%
 
3.61%
 
December 2027
 
26

 
27

Broken Bow Wind, LLC
Term Loan
4
3.15%
LIBOR+2.88%
 
3.65%
 
December 2027
 
51

 
52

Others
Various
 
Various
 
Various
 
38

 
43

Total debt
 
 
 
 
 
 
$
1,522

 
$
1,438

Less: Short-term debt
 
 
 
 
 
 

 
382

Total long-term debt
 
 
 
 
 
 
1,522

 
1,056

Less: Current maturities of long-term debt
 
 
 
 
 
 
118

 
307

Long-term debt, net of current portion
 
 
 
 
 
 
$
1,404

 
$
749

1 
London Interbank Offered Rate (LIBOR).
2 
The effective rate at which interest expense is reflected in the financial statements after the consideration of the current rate of debt and any amounts subject to interest rate swaps. For further discussion, see Note 6—Derivative Instruments and Hedging Activities—Interest Rate Risk Management.
3 
Principal payments are due annually through October 1, 2017. Interest rates are reset weekly based on current bond yields for similar securities. At June 30, 2013, the outstanding balance is supported by a letter of credit.
4 
The interest rate swaps for this obligation will expire in December 2013 and forward starting rate swaps will become effective. For additional information, see Note 6—Derivative Instruments and Hedging Activities.