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Short-Term Debt (Tables)

12 Months Ended

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

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- References

No definition available.

+ Details

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