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LONG-TERM DEBT | 12 Months Ended
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Dec. 31, 2021
Long-term Debt, Unclassified [Abstract] |
LONG-TERM DEBT | LONG-TERM DEBT As of December 31, 2021 and 2020, long-term debt outstanding was:
| Series |  | Interest Rate |  | Maturity Date |  | 2021 |  | 2020
First Mortgage Bonds | ZZZ |  | 2.870 | % |  | 2051 |  | $ | 130,000 |  |  | $ | — |
| 1 |  | 3.020 | % |  | 2061 |  | 150,000 |  |  | — |
| YYY |  | 4.170 | % |  | 2059 |  | 200,000 |  |  | 200,000 |
| WWW |  | 4.070 | % |  | 2049 |  | 100,000 |  |  | 100,000 |
| VVV |  | 3.400 | % |  | 2029 |  | 100,000 |  |  | 100,000 |
| TTT |  | 4.610 | % |  | 2056 |  | 10,000 |  |  | 10,000 |
| SSS |  | 4.410 | % |  | 2046 |  | 40,000 |  |  | 40,000 |
| QQQ |  | 3.330 | % |  | 2025 |  | 50,000 |  |  | 50,000 |
| RRR |  | 4.310 | % |  | 2045 |  | 50,000 |  |  | 50,000 |
| PPP |  | 5.500 | % |  | 2040 |  | 100,000 |  |  | 100,000 |
| AAA |  | 7.280 | % |  | 2025 |  | 20,000 |  | 20,000 |
| BBB |  | 6.770 | % |  | 2028 |  | 20,000 |  |  | 20,000 |
| CCC |  | 8.150 | % |  | 2030 |  | 20,000 |  |  | 20,000 |
| DDD |  | 7.130 | % |  | 2031 |  | 20,000 |  |  | 20,000 |
| EEE |  | 7.110 | % |  | 2032 |  | 20,000 |  |  | 20,000 |
| GGG |  | 5.290 | % |  | 2022 |  | 1,818 |  |  | 3,636 |
| HHH |  | 5.290 | % |  | 2022 |  | 1,818 |  |  | 3,636 |
| III |  | 5.540 | % |  | 2023 |  | 1,818 |  |  | 2,728 |
| OOO |  | 6.020 | % |  | 2031 |  | 20,000 |  |  | 20,000 |
Total First Mortgage Bonds |  |  |  |  |  |  | 1,055,454 |  |  | 780,000 |
California Department of Water Resources Loans |  |  | 3.0% |  | 2027 - 2039 |  | 4,832 |  |  | 5,148 |
Other long-term debt |  |  |  |  |  |  | 6,039 |  |  | 5,569 |
Unamortized debt issuance costs |  |  |  |  |  |  | (5,339) |  |  | (4,490) |
Total long-term debt, net of unamortized debt issuance costs |  |  |  |  |  |  | 1,060,986 |  |  | 786,227 |
Less current maturities of long-term debt, net |  |  |  |  |  |  | 5,192 |  |  | 5,127 |
Long-term debt, net |  |  |  |  |  |  | $ | 1,055,794 |  |  | $ | 781,100 |
Maturities of long-term debt as of December 31, 2021 are as follows:
Year Ending December 31, | Long-term debt*
2022 | $ | 4,917 |
2023 | 1,283 |
2024 | 376 |
2025 | 70,354 |
2026 | 356 |
Thereafter | 983,312 |
_______________________________________________________________________________ * Excludes maturities for finance lease obligations. See note 15 for maturities for finance lease obligations. On May 11, 2021, Cal Water completed the sale and issuance of $280.0 million in aggregate principal amount of First Mortgage Bonds (the Bonds) in a private placement. The Bonds consist of $130.0 million of 2.87% bonds, series ZZZ, maturing May 11, 2051, and $150.0 million of 3.02% bonds, series 1, maturing May 11, 2061. Interest on the bonds accrues semi-annually and is payable in arrears. The Bonds will rank equally with all of Cal Water’s other First Mortgage Bonds and will be secured by liens on Cal Water’s properties, subject to certain exceptions and permitted liens. Cal Water used the net proceeds from the sale of the Bonds to refinance existing indebtedness and for general corporate purposes. The Bonds were not registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. On October 4, 2011, Cal Water entered into a capital lease arrangement with the City of Hawthorne to operate the City's water system for a 15-year period. The $3.9 million and $4.6 million capital lease liability as of December 31, 2021 and 2020, respectively, is included in other long-term debt and current maturities set forth above.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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