LONG-TERM DEBT

12 Months Ended

Dec. 31, 2023

Long-Term Debt, Unclassified [Abstract]

As of December 31, 2023 and 2022, long-term debt outstanding was:


	Series	Interest Rate		Maturity Date	2023		2022
First Mortgage Bonds	ZZZ	2.870	%	2051	$	130,000	$	130,000
	1	3.020	%	2061	150,000		150,000
	YYY	4.170	%	2059	200,000		200,000
	WWW	4.070	%	2049	100,000		100,000
	VVV	3.400	%	2029	100,000		100,000
	TTT	4.610	%	2056	10,000		10,000
	SSS	4.410	%	2046	40,000		40,000
	QQQ	3.330	%	2025	50,000		50,000
	RRR	4.310	%	2045	50,000		50,000
	PPP	5.500	%	2040	100,000		100,000
	AAA	7.280	%	2025	20,000		20,000
	BBB	6.770	%	2028	20,000		20,000
	CCC	8.150	%	2030	20,000		20,000
	DDD	7.130	%	2031	20,000		20,000
	EEE	7.110	%	2032	20,000		20,000
	III	5.540	%	2023	—		909
	OOO	6.020	%	2031	20,000		20,000
Total First Mortgage Bonds					1,050,000		1,050,909
California Department of Water Resources Loans		1.30% - 1.69%		2027 - 2039	4,195		4,515
Other long-term debt					4,102		5,485
Unamortized debt issuance costs					(4,857)		(5,112)
Total long-term debt, net of unamortized debt issuance costs					1,053,440		1,055,797
Less current maturities of long-term debt, net					672		3,310
Long-term debt, net					$	1,052,768	$	1,052,487

Maturities of long-term debt as of December 31, 2023 are as follows:


Year Ending December 31,	Long-term debt*
2024	$	377
2025	70,354
2026	357
2027	334
2028	20,318
Thereafter	962,656

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* Excludes maturities for finance lease obligations. See note 14 for maturities for finance lease obligations.

On October 4, 2011, Cal Water entered into a finance lease arrangement with the City of Hawthorne to operate the City's water system for a 15-year period. The $2.4 million and $3.2 million finance lease liability as of December 31, 2023 and 2022, respectively, is included in other long-term debt and current maturities set forth above.