XML 48 R33.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Short-Term Debt | 12 Months Ended
--- | ---
Dec. 31, 2016
Short-term Debt [Abstract] |
SHORT-TERM DEBT | 24. SHORT-TERM DEBT Emera’s short-term borrowings consist of commercial paper issuances, advances on revolving and non-revolving credit facilities and short-term notes. Short-term debt and the related weighted-average interest rate s as at December 31 consisted of the following:
millions of Canadian dollars | 2016 | Weighted-average interest rate | 2015 | Weighted-average interest rate
TECO Energy/TECO Finance | $ |  |  |  |  |  |  |
Advances on revolving credit and term facilities |  | 685 | 1.74 | % |  | - | - | %
Tampa Electric Company |  |  |  |  |  |  |  |
Advances on accounts receivable and revolving credit facilities |  | 228 | 1.49 | % |  | - | - | %
NMGC |  |  |  |  |  |  |  |
Advances on revolving credit facilities |  | 35 | 1.71 | % |  | - | - | %
NSPI |  |  |  |  |  |  |  |
Bank indebtedness |  | 1 | 2.70 | % |  | 16 | 2.70 | %
GBPC |  |  |  |  |  |  |  |
Advances on revolving credit facilities |  | 12 | 5.75 | % |  | - | - | %
Short-term debt | $ | 961 |  |  | $ | 16 |  |
The Company’s total short-term revolving and non-revolving credit facilities, outstanding borrowings and available capacity as at December 31 were as follows:
millions of Canadian dollars | Maturity |  | 2016 |  | 2015
TECO Energy/TECO Finance - term credit facility | 2017 |  | 537 | $ | -
TECO Energy/TECO Finance - revolving credit facility | 2018 |  | 403 |  | -
Tampa Electric Company - revolving credit facility | 2018 |  | 436 |  | -
Tampa Electric Company - accounts receivable revolving credit facility | 2018 |  | 201 |  | -
NMGC - revolving credit facility | 2018 |  | 168 |  | -
GBPC - revolving credit facility | 2017 |  | 17 |  | 18
Total |  |  | 1,762 |  | 18
Less: |  |  |  |  |
Advances under revolving credit and term facilities |  |  | 960 |  | -
Letters of credit issued inside credit facilities |  |  | 3 |  | -
Total advances under available facilities |  |  | 963 |  | -
Available capacity under existing agreements |  | $ | 799 | $ | 18
The weighted average interest rate on outstanding short-term debt at December 31, 2016 was 1.73 per cent (2015 – 2.70 per cent). Credit Facilities TECO Energy/TECO Finance Term Credit Facility TECO Energy has a $537 million ($4 00 million USD) bank credit facility maturing March 14, 2017. Interest rates on the borrowings are based on LIBOR plus a margin. TECO Finance expects to refinance the credit facility before maturity. TECO Energy/TECO Finance Revolving Credit Facility TECO Energy has a $403 million ($300 million USD) bank credit facility maturing December 17, 2018. Interest rates on the borrowings are based on LIBOR plus a margin. TEC Credit Facility TEC has a $436 million ($325 million USD) bank credit facility with a maturity date of D ecember 17, 2018. Interest rates on the borrowings are based on LIBOR plus a margin. TEC Accounts Receivable Facility TEC has a $201 million ($150 million USD) accounts receivable collate ralized borrowing facility with a maturity date of March 23, 2018. Interest rates on the borrowings are based on prevailing asset-backed commercial paper rates. TEC has pledged as collateral a pool of receivables equal to the borrowings outstanding in the case of default. TEC continues to service, administer and collect the pledged receivables, which are classified as receivables on the balance sheet. NMGC Credit Agreement NMGC has a $168 million ($125 million USD) bank credit facility with a maturity dat e of December 17, 2018. Interest rates on the borrowings are based on one-month LIBOR plus a margin.

X
- References No definition available. + Details
Name: | us-gaap_ShortTermBorrowingsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for short-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
Name: | us-gaap_ShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration