v2.4.0.8

Long-term debt (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2013
Long-term debt |
Schedule of long-term debt |
(in millions) |  | September 30, 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) |  |  | 203.8 |  |  | 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 |  |  | 31.2 |  |  | 33.5 |  | 7.4%
Cadillac term loan, due 2025 |  |  | 36.0 |  |  | 37.8 |  | 6.0% – 8.0%
Piedmont construction loan, due 2013 |  |  | 76.6 | (1) |  | 127.4 |  | Libor plus 3.5%
Meadow Creek term loan, due 2024 |  |  | 171.4 | (2) |  | 208.7 |  | 2.9% – 5.1%
Rockland term loan, due 2027 |  |  | 85.8 |  |  | 86.5 |  | 6.4%
Other long-term debt |  |  | 1.0 |  |  | 0.3 |  | 5.5% – 6.7%
Less: current maturities |  |  | (206.7 | ) |  | (121.2 | ) |
Total long-term debt |  | $ | 1,274.1 |  | $ | 1,459.1 |  |
Schedule of current maturities |
|  | September 30, 2013 |  | December 31, 2012 |  | Interest Rate
--- | --- | --- | --- | --- | --- | ---
Current Maturities: |  |  |  |  |  |  |  |
Senior unsecured notes, due July 2014 |  | $ | 190.0 |  |  | — |  | 5.9%
Epsilon Power Partners term facility, due 2019 |  |  | 4.5 |  |  | 3.0 |  | 7.4%
Cadillac term loan, due 2025 |  |  | 2.1 |  |  | 2.4 |  | 6.0% – 8.0%
Piedmont construction loan, due 2013 |  |  | 4.4 | (1) |  | 55.1 |  | Libor plus 3.5%
Meadow Creek term loan, due 2024 |  |  | 4.1 | (2) |  | 59.5 |  | 2.9% – 5.1%
Rockland term loan, due 2027 |  |  | 1.4 |  |  | 1.2 |  | 6.4%
Other short-term debt |  |  | 0.2 |  |  | — |  | 5.5 – 6.7%
Total current maturities |  | $ | 206.7 |  | $ | 121.2 |  |
(1) The terms of the Piedmont project-level debt financing include a $51.0 million bridge loan and an $82.0 million construction loan ($76.6 million at September 30, 2013) that is expected to convert to a term loan in the fourth quarter of 2013. On April 19, 2013, Piedmont achieved commercial operations and submitted an application under the 1603 federal grant program to recover approximately 30% of its capital cost. The grant application was approved and we received a $49.5 million grant from the U.S. Treasury in July 2013. Upon receipt of the grant, we repaid in full the $51.0 million bridge loan with the proceeds of the grant and a $1.5 million contribution from us to cover the shortfall resulting from the federal sequester on spending. We expect to commence the repayment of the term loan in the fourth quarter of 2013. (2) Meadow Creek debt consists of $171.4 million term loan 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 than anticipated, primarily as a result of a 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 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 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 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 4: 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 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 SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 7: 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 8: 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 Reference 9: 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 10: 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 11: 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 + Details
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