Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2016

Long-Term Debt [Abstract]

Long-Term Debt

			Nine months ended September 30, 2016
($ in millions)	January 1, 2016		Payments and Retirements		New Borrowings		Debt Assumed		Reclassifications		September 30, 2016		Interest at September 30, 2016*
Senior and Subsidiary Unsecured Debt	$	16,055	$	(189)	$	171	$	500	$	(637)	$	15,900	9.18%
Senior Secured Debt		-		(87)		1,625		-		637		2,175	3.97%
Secured Subsidiary Debt		-		-		-		100		-		100	8.50%
Secured Debt		23		(4)		-		-		-		19	4.30%
Rural Utilities Service Loan Contracts		8		-		-		-		-		8	6.15%
Total Long-Term Debt	$	16,086	$	(280)	$	1,796	$	600	$	-	$	18,202	8.55%
Less: Debt Issuance Costs		(196)										(215)
Less: Debt Premium/(Discount)		2										(44)
Less: Current Portion		(384)										(509)
	$	15,508									$	17,434

*  Interest rate includes amortization of debt issuance costs and debt premiums or discounts. The interest rates at September 30, 2016 represent a weighted average of multiple issuances.

Senior Unsecured Debt

	September 30, 2016			December 31, 2015
	Principal		Interest	Principal		Interest
($ in millions)	Outstanding		Rate	Outstanding		Rate
Senior Unsecured Debt Due:
4/15/2017	$	440	8.250%	$	607	8.250%
10/1/2018		583	8.125%		583	8.125%
3/15/2019		434	7.125%		434	7.125%
4/15/2020		1,022	8.500%		1,022	8.500%
9/15/2020		1,000	8.875%		1,000	8.875%
7/1/2021		500	9.250%		500	9.250%
9/15/2021		775	6.250%		775	6.250%
4/15/2022		500	8.750%		500	8.750%
9/15/2022		2,171	10.500%		2,000	10.500%
1/15/2023		850	7.125%		850	7.125%
4/15/2024		750	7.625%		750	7.625%
1/15/2025		775	6.875%		775	6.875%
9/15/2025		3,600	11.000%		3,600	11.000%
11/1/2025		138	7.000%		138	7.000%
8/15/2026		2	6.800%		2	6.800%
1/15/2027		346	7.875%		346	7.875%
8/15/2031		945	9.000%		945	9.000%
10/1/2034		1	7.680%		1	7.680%
7/1/2035		125	7.450%		125	7.450%
10/1/2046		193	7.050%		193	7.050%
		15,150			15,146
Senior Secured Debt Due:
10/14/2016 *		302	5.875% (Variable)		344	2.805% (Variable)
10/24/2019 **		289	3.905% (Variable)		315	3.805% (Variable)
3/31/2021***		1,584	3.030% (Variable)		-	-
		2,175			659
Subsidiary Debt Due:
05/15/2027		200	6.750%		-	-
02/01/2028		300	6.860%		-	-
2/15/2028		200	6.730%		200	6.730%
10/15/2029		50	8.400%		50	8.400%
11/15/2031		100	8.500%		-	-
		850			250
Total	$	18,175	8.29% ****	$	16,055	8.74% ****

*      Represents borrowings under the 2011 CoBank Credit Agreement, as defined below, that became secured as of April 1,

        2016.

**    Represents borrowings under the 2014 CoBank Credit Agreement, as defined below, that became secured as of April 1,

        2016.

*** Represents borrowings under the 2015 Credit Agreement, as defined below.

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

Debt Maturities by Year

	Principal
($ in millions)	Payments
2016 (remaining three months)	$	38
2017	$	509
2018	$	733
2019	$	818
2020	$	2,282
2021	$	2,541
Thereafter	$	11,281