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Debt and Credit Agreements
9 Months Ended
Sep. 30, 2013
Debt Disclosure [Abstract]  
Debt and Credit Agreements
Debt and Credit Agreements
Long-Term Debt
In March 2013, SCE issued $400 million of 3.90% first and refunding mortgage bonds due in 2043. The proceeds from these bonds were used to repay commercial paper borrowings and to fund SCE's capital program.
Credit Agreements and Short-Term Debt
In July 2013, SCE and Edison International Parent amended their credit facilities to extend the maturity dates to July 2018 for $2.6 billion and $1.182 billion, respectively. The remaining $150 million and $68 million of the SCE and Edison International Parent credit facilities, respectively, will mature in May 2017.
At September 30, 2013, SCE's outstanding commercial paper was $1.35 billion at a weighted-average interest rate of 0.25%. This commercial paper was supported by a $2.75 billion multi-year revolving credit facility. At September 30, 2013, letters of credit issued under SCE's credit facility aggregated $140 million and are scheduled to expire in twelve months or less. At December 31, 2012, the outstanding commercial paper was $175 million at a weighted-average interest rate of 0.37%.
At September 30, 2013, Edison International Parent's outstanding short-term debt was $174 million at a weighted-average interest rate of 1.46%. This short-term debt was supported by a $1.25 billion multi-year revolving credit facility. At December 31, 2012, Edison International had no outstanding short-term debt.
Financing Subsequent to September 30, 2013
In October 2013, SCE issued $200 million of floating rate due in 2014, $600 million of 3.50% due in 2023, and $800 million of 4.65% first and refunding mortgage bonds due in 2043. The proceeds from these bonds were used to redeem $800 million of outstanding first mortgage bonds in October 2013 (due in March 2014), to repay commercial paper borrowings and to fund SCE's capital program.