v2.4.0.6

Long-term debt (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2013
Long-term debt |
Schedule of long-term debt |
(in millions) |  | March 31, 2013 |  | December 31, 2012 |  | Interest Rate
--- | --- | --- | --- | --- | --- | ---
Recourse Debt: |  |  |  |  |  |  |  |
Senior unsecured notes, due 2018 |  | $ | 460.0 |  | $ | 460.0 |  | 9.0%
Senior unsecured notes, due June 2036 (Cdn$210.0) |  |  | 206.7 |  |  | 211.1 |  | 6.0%
Senior unsecured notes, due July 2014 |  |  | 190.0 |  |  | 190.0 |  | 5.9%
Series A senior unsecured notes, due August 2015 |  |  | 150.0 |  |  | 150.0 |  | 5.9%
Series B senior unsecured notes, due August 2017 |  |  | 75.0 |  |  | 75.0 |  | 6.0%
Non-Recourse Debt: |  |  |  |  |  |  |  |
Epsilon Power Partners term facility, due 2019 |  |  | 32.7 |  |  | 33.5 |  | 7.4%
Cadillac term loan, due 2025 |  |  | 37.2 |  |  | 37.8 |  | 6.0% – 8.0%
Piedmont construction loan, due 2013 |  |  | 127.6 | (1) |  | 127.4 |  | Libor plus 3.5%
Meadow Creek term loan, due 2030 |  |  | 229.3 | (2) |  | 208.7 |  | 1.3% – 5.1%
Rockland term loan, due 2031 |  |  | 86.5 |  |  | 86.5 |  | 6.4%
Other long-term debt |  |  | 0.8 |  |  | 0.3 |  | 5.5% – 6.7%
Less current maturities |  |  | (121.7 | ) |  | (121.2 | ) |
Total long-term debt |  | $ | 1,474.1 |  | $ | 1,459.1 |  |
Schedule of current maturities |
|  | March 31, 2013 |  | December 31, 2012 |  | Interest Rate
--- | --- | --- | --- | --- | --- | ---
Current Maturities: |  |  |  |  |  |  |  |
Epsilon Power Partners term facility, due 2019 |  | $ | 3.5 |  | $ | 3.0 |  | 7.4%
Cadillac term loan, due 2025 |  |  | 2.3 |  |  | 2.4 |  | 6.0% – 8.0%
Piedmont construction loan, due 2013 |  |  | 55.1 | (1) |  | 55.1 |  | Libor plus 3.5%
Meadow Creek term loan, due 2013 |  |  | 59.5 | (2) |  | 59.5 |  | 1.3% – 5.1%
Rockland term loan, due 2031 |  |  | 1.2 |  |  | 1.2 |  | 6.4%
Other current maturities |  |  | 0.1 |  |  | — |  | 5.5% – 6.7%
Total current maturities |  | $ | 121.7 |  | $ | 121.2 |  |
(1) The terms of the Piedmont project-level debt financing include a $51.0 million bridge loan, a portion of which we expect to repay with the proceeds from the stimulus grant expected to be received from the U.S. Treasury, and an $82.0 million construction loan that we expect to convert to a term loan. While we fully expect the construction loan to convert to a term loan in second quarter 2013 based on the project meeting specified milestone requirements, if it does not, we have the option of amending or refinancing the construction loan or infusing additional equity into the project. On April 19, 2013, Piedmont achieved commercial operations and expects to submit an application under the 1603 federal grant program within 60 days from this date to recover approximately 30% of its capital cost, subject to the potential impact of the federal sequester on spending which we estimate to be an approximate $2.0 million shortfall. The $51.0 million bridge loan is expected to be repaid by end of third quarter of 2013 and repayment of the expected $82.0 million term loan would commence in 2013. (2) Meadow Creek debt consists of $172.8 million drawn on a construction loan which converted to a term loan in March 2013 and a $56.5 million cash grant loan. The cash grant loan was repaid in April 2013 with $49.0 million of proceeds from the 1603 grant with the U.S. Treasury, $4.7 million from the former owners to cover the shortfall resulting from the federal sequester on spending and a $2.8 million contribution from us to cover the shortfall from lower grant-eligible costs, primarily as a result of lower project cost versus budget.

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 + Details
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