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Debt (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Debt Disclosure [Abstract] |
Long-term debt issuances and borrowings | Significant long-term debt issuances and borrowings during the three months ended March 31, 2024 were as follows:
| Principal Amount |  | Interest Rate |  | Maturity Date |
| (millions) |  |  |  |  |
NEECH: |  |  |  |  |  |  |  |  |  |
Debentures – fixed | $ | 3,800 |  |  | 4.90 | % | – | 5.55 | % |  | 2026 | – | 2054 |
Debentures – variable | $ | 600 |  |  | Variable | (a) | 2026
Junior subordinated debentures | $ | 1,000 |  |  | 6.70 | % | (b) | 2054
Exchangeable senior notes(c) | $ | 1,000 |  |  | 3.00 | % |  | 2027
Canadian dollar denominated debentures(d) | $ | 744 |  |  | 4.85 | % |  | 2031 |
Revolving credit facilities | $ | 700 |  |  | Variable | (a) | 2025
——————————————— (a)Variable rate is based on an underlying index plus a specified margin. (b)Debentures will bear interest at a rate of 6.70% to September 1, 2029 and thereafter will bear interest at a rate equal to the Five-Year Treasury Rate (as specified in the junior subordinated debentures) plus 2.364%, reset every five years. (c)See additional discussion of the exchangeable senior notes below. (d)A foreign currency swap has been entered into with respect to this debt issuance. See Note 2.

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