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Short-Term Debt (Tables)

12 Months Ended

Dec. 31, 2019

22. Short-Term Debt

Short-term debt and the related weighted-average interest rates

millions of Canadian dollars	2019		Weighted average interest rate		2018		Weighted average interest rate
TECO Finance
Advances on revolving credit and term facilities	$	656	2.39	%	$	805	3.43	%
Tampa Electric Company ("TEC")
Advances on accounts receivable and revolving credit facilities		452	2.56	%		302	3.10	%
Emera Inc.
Non-revolving term facility		399	2.69	%
Bank indebtedness		6	-	%		-	-	%
GBPC
Advances on revolving credit facilities		10	5.25	%		-	-	%
NMGC
Advances on revolving credit facilities		8	2.70	%		79	3.40	%
NSPI
Bank indebtedness		6	-	%		-	-	%
Short-term debt	$	1,537			$	1,186

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		2019		2018
TECO Energy/TECO Finance - term credit facility	2020	$	649	$	682
TECO Energy/TECO Finance - revolving credit facility	2022		520		546
Tampa Electric Company - revolving credit facility	2022		520		443
Emera Inc. - non-revolving term facility	2020		400		-
Tampa Electric Company - accounts receivable revolving credit facility	2021		195		205
NMGC - revolving credit facility	2022		162		171
GBPC - revolving credit facility	on demand		17		18
Total			2,463		2,065
Less:
Advances under revolving credit and term facilities			1,525		1,186
Letters of credit issued within the credit facilities			3		3
Total advances under available facilities			1,528		1,189
Available capacity under existing agreements		$	935	$	876

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- Definition

Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-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

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X

- References

No definition available.

+ Details

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