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Long-term Debt and Capital Lease Obligations Long-term Debt and Capital Lease Obligations (Tables)
12 Months Ended
Dec. 31, 2014
Long-term Debt and Capital Lease Obligations, Including Current Maturities [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]
PacifiCorp's long-term debt and capital lease obligations were as follows as of December 31 (in millions):

 
2014
 
2013
 
 
 
 
 
Average
 
 
 
Average
 
Principal
 
Carrying
 
Interest
 
Carrying
 
Interest
 
Amount
 
Value
 
Rate
 
Value
 
Rate
 
 
 
 
 
 
 
 
 
 
First mortgage bonds:
 
 
 
 
 
 
 
 
 
5.50% to 8.635%, due through 2019
$
862

 
$
861

 
5.63
%
 
$
1,070

 
5.53
%
2.95% to 8.53%, due 2021 to 2024
1,899

 
1,897

 
4.09

 
1,472

 
4.23

6.71% due 2026
100

 
100

 
6.71

 
100

 
6.71

5.90% to 7.70%, due 2031 to 2034
500

 
499

 
6.98

 
499

 
6.98

5.25% to 6.35%, due 2035 to 2039
2,800

 
2,792

 
5.97

 
2,791

 
5.97

4.10% due 2042
300

 
299

 
4.10

 
299

 
4.10

Tax-exempt bond obligations:
 
 
 
 
 
 
 
 
 
Variable rates, due 2015 to 2025(1)
223

 
223

 
0.03

 
325

 
0.17

Variable rates, due 2015 to 2024(1)(2)
221

 
221

 
0.02

 
221

 
0.06

Variable rates, due 2016 to 2025(2)
36

 
36

 
0.22

 
51

 
0.22

Variable rates, due 2017 to 2018
91

 
91

 
0.22

 

 

Total long-term debt
7,032

 
7,019

 
 
 
6,828

 
 
Capital lease obligations:
 
 
 
 
 
 
 
 
 
8.75% to 14.61%, due through 2035
34

 
34

 
11.33

 
49

 
11.47

Total long-term debt and capital lease
 
 
 
 
 
 
 
 
 
obligations
$
7,066

 
$
7,053

 
 
 
$
6,877

 
 
Reflected as:
 
 
 
 
2014
 
2013
 
 
 
 
Current portion of long-term debt and capital lease obligations
$
134

 
$
238

Long-term debt and capital lease obligations
6,919

 
6,639

Total long-term debt and capital lease obligations
$
7,053

 
$
6,877



1)
Supported by $451 million and $559 million of fully available letters of credit issued under committed bank arrangements as of December 31, 2014 and 2013, respectively.
2)
Secured by pledged first mortgage bonds registered to and held by the tax-exempt bond trustee generally with the same interest rates, maturity dates and redemption provisions as the tax-exempt bond obligations.
Schedule of Maturities of Long-term Debt [Table Text Block]
As of December 31, 2014, the annual maturities of long-term debt and capital lease obligations, excluding unamortized discounts and including interest on capital lease obligations, for 2015 and thereafter are as follows (in millions):

 
Long-term
 
Capital Lease
 
 
 
Debt
 
Obligations
 
Total
 
 
 
 
 
 
2015
$
132

 
$
5

 
$
137

2016
57

 
5

 
62

2017
52

 
10

 
62

2018
586

 
6

 
592

2019
350

 
5

 
355

Thereafter
5,855

 
31

 
5,886

Total
7,032

 
62

 
7,094

Unamortized discount
(13
)
 

 
(13
)
Amounts representing interest

 
(28
)
 
(28
)
Total
$
7,019

 
$
34

 
$
7,053