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Long-term debt - HECO | 12 Months Ended
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Dec. 31, 2011
Long-term debt |
8 · Long-term debt
December 31 |  | 2011 |  | 2010 |
(dollars in thousands) |  |  |  |  |  |  |
6.50% Junior Subordinated Deferrable Interest Debentures, Series 2004, due 2034 (see Note 5) |  | $ | 51,546 |  |  | $ | 51,546 |  |
Obligations to the State of Hawaii for the repayment of special purpose revenue bonds issued on behalf of electric utility subsidiaries |  |  |  |  |  |  |
4.75-4.95%, due 2012-2025 |  | 118,500 |  |  | 118,500 |  |
5.00-5.50%, due 2014-2032 |  | 203,400 |  |  | 203,400 |  |
5.65-5.75%, due 2018-2027 |  | 216,000 |  |  | 216,000 |  |
6.15-6.20%, due 2020-2029 |  | 55,000 |  |  | 55,000 |  |
4.60-4.65%, due 2026-2037 |  | 265,000 |  |  | 265,000 |  |
6.50%, due 2039 |  | 150,000 |  |  | 150,000 |  |
|  | 1,007,900 |  |  | 1,007,900 |  |
Less unamortized discount |  | (1,376 | ) |  | (1,504 | ) |
|  | 1,006,524 |  |  | 1,006,396 |  |
HEI medium-term notes 4.23-6.141%, paid in 2011 |  | – |  |  | 150,000 |  |
HEI medium-term note 7.13%, due 2012 |  | 7,000 |  |  | 7,000 |  |
HEI medium-term note 5.25%, due 2013 |  | 50,000 |  |  | 50,000 |  |
HEI medium-term note 6.51%, due 2014 |  | 100,000 |  |  | 100,000 |  |
HEI senior note 4.41%, due 2016 |  | 75,000 |  |  | – |  |
HEI senior note 5.67%, due 2021 |  | 50,000 |  |  | – |  |
|  | $ | 1,340,070 |  |  | $ | 1,364,942 |  |
As of December 31, 2011, the aggregate principal payments required on long-term debt for 2012 through 2016 are $65 million in 2012, $50 million in 2013, $111 million in 2014, nil in 2015 and $75 million in 2016.
Hawaiian Electric Company and Subsidiaries |
Long-term debt |
4. Long-term debt On July 30, 2009 the Department also issued, at par, Series 2009 SPRBs in the aggregate principal amount of $150 million, with a maturity of July 1, 2039 and a fixed coupon interest rate of 6.50%, and loaned the proceeds to HECO ($90 million) and HELCO ($60 million). HECO and HELCO drew the full amount of the proceeds from the issuance of the SPRBs in 2009 as reimbursement for previously incurred capital expenditures, and used the proceeds principally to repay short-term borrowings. Payment of the principal and interest on the SPRBs are not insured. At December 31, 2011, the aggregate payments of principal required on long-term debt are $58 million in 2012, nil in 2013, $11 million in 2014 and nil in 2015 and 2016.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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