NOTE 10 — LONG-TERM DEBT



(Millions)	March 31, 2013			December 31, 2012
WPS⁽¹⁾	$	850.1		$	872.1
PGL ⁽²⁾	625.0			625.0
NSG ⁽³⁾	74.5			74.5
Integrys Energy Group	674.8			674.8
Total	2,224.4			2,246.4
Unamortized discount on debt	(1.2		)	(1.2		)
Total debt	2,223.2			2,245.2
Less current portion	(291.5		)	(313.5		)
Total long-term debt	$	1,931.7		$	1,931.7


⁽¹⁾	In February 2013, WPS’s $22.0 million of 3.95% Senior Notes matured, and the outstanding principal balance was repaid.

In December 2013, WPS’s 4.80% Senior Notes will mature. As a result, the $125.0 million balance of these notes was included in the current portion of long-term debt on our balance sheets.


⁽²⁾	In April 2013, PGL bought back its $50.0 million of 5.00% Series KK First and Refunding Mortgage Bonds that were due in February 2033.

In the same month, PGL issued $50.0 million of 4.00% Series ZZ First and Refunding Mortgage Bonds. These bonds are due in February 2033.

On May 1, 2013, PGL’s 4.625% Series NN-2 First and Refunding Mortgage Bonds matured, and the outstanding principal balance was repaid. As a result, the $75.0 million balance of these bonds was included in the current portion of long-term debt on our balance sheets.

In November 2013, PGL’s 7.00% Series SS First and Refunding Mortgage Bonds will mature. As a result, the $45.0 million balance of these bonds was included in the current portion of long-term debt on our balance sheets.


⁽³⁾	On May 1, 2013, NSG issued $54.0 million of 3.96% Series Q First Mortgage Bonds. These bonds are due in May 2043.

On May 1, 2013, NSG’s 4.625% Series N-2 First Mortgage Bonds matured, and the outstanding principal balance was repaid. As a result, the $40.0 million balance of these bonds was included in the current portion of long-term debt on our balance sheets.

In November 2013, NSG’s 7.00% Series O First Mortgage Bonds will mature. As a result, the $6.5 million balance of these bonds was included in the current portion of long-term debt on our balance sheets.

On May 1, 2013, PGL secured commitments for $220.0 million of 30-year 3.96% Series AAA First and Refunding Mortgage Bonds with a delayed draw feature. These bonds will be issued in August 2013.