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Short-Term and Long-Term Borrowings (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

The following is a summary of our lines of credit as of September 30, 2021 and December 31, 2020:

									September 30, 2021																		December 31, 2020
(in thousands)			Line Limit						Amount Outstanding						Letters of Credit						Amount Available						Amount Available
OTC Credit Agreement			$	170,000					$	36,624					$	—					$	133,376					$	104,834
OTP Credit Agreement			170,000						61,233						13,159						95,608						140,068
Total			$	340,000					$	97,857					$	13,159					$	228,984					$	244,902

Schedule of Debt

The following is a summary of outstanding long-term debt by borrower as of September 30, 2021 and December 31, 2020: 

																								(in thousands)
Entity						Debt Instrument						Rate						Maturity						September 30, 2021						December 31, 2020
OTC						Guaranteed Senior Notes						3.55%						12/15/26						$	80,000					$	80,000
OTP						Series 2011A Senior Unsecured Notes						4.63%						12/01/21						140,000						140,000
OTP						Series 2007B Senior Unsecured Notes						6.15%						08/20/22						30,000						30,000
OTP						Series 2007C Senior Unsecured Notes						6.37%						08/02/27						42,000						42,000
OTP						Series 2013A Senior Unsecured Notes						4.68%						02/27/29						60,000						60,000
OTP						Series 2019A Senior Unsecured Notes						3.07%						10/10/29						10,000						10,000
OTP						Series 2020A Senior Unsecured Notes						3.22%						02/25/30						10,000						10,000
OTP						Series 2020B Senior Unsecured Notes						3.22%						08/20/30						40,000						40,000
OTP						Series 2007D Senior Unsecured Notes						6.47%						08/20/37						50,000						50,000
OTP						Series 2019B Senior Unsecured Notes						3.52%						10/10/39						26,000						26,000
OTP						Series 2020C Senior Unsecured Notes						3.62%						02/25/40						10,000						10,000
OTP						Series 2013B Senior Unsecured Notes						5.47%						02/27/44						90,000						90,000
OTP						Series 2018A Senior Unsecured Notes						4.07%						02/07/48						100,000						100,000
OTP						Series 2019C Senior Unsecured Notes						3.82%						10/10/49						64,000						64,000
OTP						Series 2020D Senior Unsecured Notes						3.92%						02/25/50						15,000						15,000
OTC						PACE Note						2.54%						03/18/21						—						169
Total																								$	767,000					$	767,169
Less:			Current Maturities Net of Unamortized Debt Issuance Costs																					169,962						140,087
			Unamortized Long-Term Debt Issuance Costs																					2,419						2,650
Total Long-Term Debt Net of Unamortized Debt Issuance Costs																								$	594,619					$	624,432

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ 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(b),22(b))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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