LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2012

LONG-TERM DEBT

Schedule of long-term debt outstanding

At December 31, 2012 and 2011, the balance of long-term debt outstanding was as follows (in thousands):

	2012			2011
First mortgage bonds (EDE):
7.20% Series due 2016	$	25,000		$	25,000
5.3% Pollution Control Series due 2013		—			8,000
5.2% Pollution Control Series due 2013		—			5,200
5.875% Series due 2037(1)		80,000			80,000
6.375% Series due 2018(1)		90,000			90,000
4.65% Series due 2020(1)		100,000			100,000
5.20% Series due 2040(1)		50,000			50,000
7.0% Series due 2024		—			74,829
3.58% Series due 2027(1)		88,000			—
First mortgage bonds (EDG):
6.82% Series due 2036(1)		55,000			55,000
		488,000			488,029
Senior Notes, 4.50% Series due 2013(1)		98,000			98,000
Senior Notes, 6.70% Series due 2033(1)		62,000			62,000
Senior Notes, 5.80% Series due 2035(1)		40,000			40,000
Other		5,155			6,087
Less unamortized net discount		(815	)		(924	)
		692,340			693,192
Less current obligations of long-term debt		(415	)		(641	)
Less current obligations under capital lease		(299	)		(292	)
TOTAL LONG-TERM DEBT	$	691,626		$	692,259

(1)

We may redeem some or all of the notes at any time at 100% of their principal amount, plus a make-whole premium, plus accrued and unpaid interest to the redemption date.

Long-term Debt Payout Schedule (Excluding Unamortized Discount)

	Payments Due By Period
Long-Term Debt Payout Schedule (Excluding Unamortized Discount (in thousands)	Total		Regulated Entity Debt Obligations		Capital Lease Obligations
2013	$	98,714	$	98,415	$	299
2014		274		—		274
2015		292		—		292
2016		25,307		25,000		307
2017		325		—		325
Thereafter		568,242		565,000		3,242
Total long-term debt obligations		693,154	$	688,415	$	4,739
Less current obligations and unamortized discount		1,528
TOTAL LONG-TERM DEBT	$	691,626