Debt

6 Months Ended

Jun. 30, 2015

Debt

Debt

(K)	Debt.
	a)	Department of Energy Loan Guarantee:
	Pursuant to the loan guarantee program established under Title XVII of the Energy Policy Act of 2005 (the "Title XVII Loan Guarantee Program"), we and the U.S. Department of Energy, acting by and through the Secretary of Energy, entered into a Loan Guarantee Agreement on February 20, 2014 pursuant to which the Department of Energy agreed to guarantee our obligations under the Note Purchase Agreement dated as of February 20, 2014 (the "Note Purchase Agreement"), among us, the Federal Financing Bank and the Department of Energy and two future advance promissory notes, each dated February 20, 2014, made by us to the Federal Financing Bank (the "Federal Financing Bank Notes" and together with the Note Purchase Agreement, the "FFB Credit Facility Documents"). The FFB Credit Facility Documents provide for a multi-advance term loan facility (the "Facility"), under which we may make term loan borrowings through the Federal Financing Bank.
	Proceeds of advances made under the Facility will be used to reimburse us for a portion of certain costs of construction relating to Vogtle Units No. 3 and No. 4 that are eligible for financing under the Title XVII Loan Guarantee Program ("Eligible Project Costs"). Aggregate borrowings under the Facility may not exceed the lesser of (i) 70% of Eligible Project Costs or (ii) $3,057,069,461, $335,471,604 of which is designated for capitalized interest.
	Advances may be requested under the Facility on a quarterly basis through December 31, 2020. On June 12, 2015 we received advances under the Facility totaling $145,000,000. At June 30, 2015, aggregate borrowings totaled $1,036,135,000, including capitalized interest advanced under the loan.
	b)	Rural Utilities Service Guaranteed Loans:
	For the six-month period ended June 30, 2015 we received advances on Rural Utilities Service-guaranteed Federal Financing Bank loans totaling $126,892,000 for general and environmental improvements at existing plants.
	In July 2015, we received an additional $18,018,000 in advances on Rural Utilities Service-guaranteed Federal Financing Bank loans for general and environmental improvements at existing plants.
	c)	Credit Facilities:
	On March 23, 2015, we entered into a 5-year $1,210,000,000 credit agreement with a syndicate of thirteen lenders, led by the National Rural Utilities Cooperative Finance Corporation as administrative agent.