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Short-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2020
23. Short-Term Debt |
Short-term debt and the related weighted-average interest rates |
millions of Canadian dollars | 2020 | Weighted average interest rate | 2019 | Weighted average interest rate
Tampa Electric Company ("TEC") |  |  |  |  |  |  |  |
Advances on accounts receivable and revolving credit facilities | $ | 987 | 0.89 | % | $ | 452 | 2.56 | %
Emera |  |  |  |  |  |  |  |
Non-revolving term facility |  | 400 | 0.94 | % |  | 399 | 2.69 | %
Bank indebtedness |  | - | - | % |  | 6 | - | %
TECO Finance |  |  |  |  |  |  |  |
Advances on revolving credit and term facilities |  | 205 | 1.46 | % |  | 656 | 2.39 | %
NMGC |  |  |  |  |  |  |  |
Advances on revolving credit facilities |  | 21 | 1.22 | % |  | 8 | 2.70 | %
GBPC |  |  |  |  |  |  |  |
Advances on revolving credit facilities |  | 11 | 5.25 | % |  | 10 | 5.25 | %
NSPI |  |  |  |  |  |  |  |
Bank indebtedness |  | 1 | - | % |  | 6 | - | %
Short-term debt | $ | 1,625 |  |  | $ | 1,537 |  |
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 |  | 2020 |  | 2019
Tampa Electric Company - revolving credit facility | 2023 | $ | 1,019 | $ | 520
TECO Energy/TECO Finance - revolving credit facility | 2023 |  | 509 |  | 520
Emera - non-revolving term facility | 2021 |  | 400 |  | 400
TEC - term loan | 2021 |  | 382 |  | -
TEC - accounts receivable revolving credit facility | 2021 |  | 191 |  | 195
NMGC - revolving credit facility | 2023 |  | 159 |  | 162
GBPC - revolving credit facility | on demand |  | 17 |  | 17
TECO Energy/TECO Finance - term credit facility |  |  | - |  | 649
Total |  |  | 2,677 |  | 2,463
Less: |  |  |  |  |
Advances under revolving credit and term facilities |  |  | 1,624 |  | 1,525
Letters of credit issued within the credit facilities |  |  | 4 |  | 3
Total advances under available facilities |  |  | 1,628 |  | 1,528
Available capacity under existing agreements |  | $ | 1,049 | $ | 935

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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=120391452&loc=d3e13212-122682 + Details
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- References No definition available. + Details
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