LONG-TERM DEBT

12 Months Ended

Dec. 31, 2014

LONG-TERM DEBT

LONG-TERM DEBT

8 LONG-TERM DEBT

        As of December 31, 2014 and 2013, long-term debt outstanding was:

	Series	Interest Rate	Maturity Date		2014		2013
First Mortgage Bonds	PPP	5.500%		2040	$	100,000	$	100,000
	LL	5.875%		2019		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
	FFF	5.900%		2017		20,000		20,000
	GGG	5.290%		2022		14,545		16,364
	HHH	5.290%		2022		14,546		16,364
	III	5.540%		2023		8,182		9,091
	JJJ	5.440%		2018		3,636		4,545
	LLL	5.480%		2018		10,000		10,000
	OOO	6.020%		2031		20,000		20,000
	CC	9.860%		2020		17,200		17,300
Total First Mortgage Bonds						408,109		413,664
California Department of Water Resources Loans		2.6% to 8%		2012 - 32		7,212		8,008
Other Long-term debt						10,519		12,378
Total long-term debt						425,840		434,050
Less current maturities						6,607		7,908
Long-term debt excluding current maturities					$	419,233	$	426,142

        On October 4, 2011, Cal Water entered into a new capital lease arrangement with the City of Hawthorne to operate the City's water system for a 15-year period. The $9.2 million capital lease liability is included in other long-term debt and current maturities set forth above.