Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2013

Long-Term Debt [Abstract]

Long-Term Debt

The activity in our long-term debt from December 31, 2012 to March 31, 2013 is summarized as follows:

				Three months ended
				March 31, 2013								Interest
												Rate at
	December 31,			Payments			New		March 31,			March 31,
($ in thousands)	2012			and Retirements			Borrowings		2013				2013*
Senior Unsecured Debt	$	8,919,696		$	(517,033	)	$	-		8,402,663			7.95	%
Industrial Development
Revenue Bonds		13,550			-			-		13,550			6.33	%
Rural Utilities Service
Loan Contracts		9,322			(96	)		-		9,226			6.15	%
TOTAL LONG-TERM DEBT	$	8,942,568		$	(517,129	)	$	-		8,425,439			7.94	%
Less: Debt (Discount)/Premium		(71	)							1,189
Less: Current Portion		(560,550	)							(57,899	)
	$	8,381,947							$	8,368,729

* Interest rate includes amortization of debt issuance costs and debt premiums or discounts.  The interest rates at March 31, 2013 represent a weighted average of multiple issuances.

Senior Unsecured Debt

Additional information regarding our Senior Unsecured Debt is as follows:

($ in thousands)	March 31, 2013			December 31, 2012
		Principal	Interest		Principal	Interest
		Outstanding	Rate		Outstanding	Rate
Senior Notes and    Debentures Due:
1/15/2013	$	-	-	$	502,658	6.250%
5/1/2014		200,000	8.250%		200,000	8.250%
3/15/2015 *		300,000	6.625%		300,000	6.625%
4/15/2015 *		374,803	7.875%		374,803	7.875%
10/14/2016 **		503,125	3.085% (Variable)		517,500	3.095% (Variable)
4/15/2017 *		1,040,685	8.250%		1,040,685	8.250%
10/1/2018		600,000	8.125%		600,000	8.125%
3/15/2019		434,000	7.125%		434,000	7.125%
4/15/2020		1,100,000	8.500%		1,100,000	8.500%
7/1/2021		500,000	9.250%		500,000	9.250%
4/15/2022		500,000	8.750%		500,000	8.750%
1/15/2023		850,000	7.125%		850,000	7.125%
11/1/2025		138,000	7.000%		138,000	7.000%
8/15/2026		1,739	6.800%		1,739	6.800%
1/15/2027		345,858	7.875%		345,858	7.875%
8/15/2031		945,325	9.000%		945,325	9.000%
10/1/2034		628	7.680%		628	7.680%
7/1/2035		125,000	7.450%		125,000	7.450%
10/1/2046		193,500	7.050%		193,500	7.050%
		8,152,663			8,669,696
Subsidiary Senior Notes    and Debentures Due:
2/15/2028		200,000	6.730%		200,000	6.730%
10/15/2029		50,000	8.400%		50,000	8.400%
Total	$	8,402,663	7.78% ***	$	8,919,696	7.69% ***

*          See Note 18 – Subsequent Events

**        Represents borrowings under the Credit Agreement with CoBank.

***      Interest rate represents a weighted average of the stated interest rates of multiple issuances.

Debt Maturities by Year

Our principal payments for the next five years are as follows as of March 31, 2013:

	Principal
($ in thousands)	Payments
2013 (remaining nine months)	$	43,420
2014	$	257,916
2015	$	732,746
2016	$	345,466
2017	$	1,041,186
2018	$	600,534