LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2011

Long-Term Debt

Long-term debt consists of the following at the dates indicated (in thousands):

	December 31,
	2011			2010
4.625% Notes due July 15, 2013 (1)	$	300,000		$	300,000
5.300% Notes due October 15, 2014 (1)		275,000			275,000
5.125% Notes due July 1, 2017 (1)		125,000			125,000
6.050% Notes due January 15, 2018 (1)		300,000			300,000
5.500% Notes due August 15, 2019 (1)		275,000			275,000
4.875% Notes due February 1, 2021 (1)		650,000			—
6.750% Notes due August 15, 2033 (1)		150,000			150,000
BPL Credit Facility (2)		575,200			98,000
BES Credit Facility		—			284,300
Services Company 3.60% ESOP Notes due March 28, 2011		—			1,531
Retirement premium		—			(6	)
Total debt		2,650,200			1,808,825
Other, including unamortized discounts		(5,426	)		(3,607	)
Subtotal debt		2,644,774			1,805,218
Less: Current portion of long-term debt and line of credit (3)		(251,200	)		(285,825	)
Total long-term debt	$	2,393,574		$	1,519,393

(1) We make semi-annual interest payments on these notes based on the rates noted above with the principal balances outstanding to be paid on or before the due dates as shown above.

(2) Includes the Credit Facility and Prior BPL Credit Facility as defined below.

(3) The line of credit is classified as a current liability in our consolidated balance sheets as related funds are used to finance BES’s current working capital needs.

Scheduled Maturities of Principal Amounts of Debt Obligations

The following table presents the scheduled maturities of principal amounts of our debt obligations for the next five years and in total thereafter (in thousands):

	Years Ending December 31,
2012	$	251,200
2013		300,000
2014		275,000
2015		—
2016		324,000
Thereafter		1,500,000
Total	$	2,650,200