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Short-term Borrowings

12 Months Ended

Dec. 31, 2017

Short-term Debt [Abstract]

Short-term Borrowings

Note 5 – Short-term Borrowings

Information regarding the Company’s short-term borrowings for the years ended December 31, 2017 and 2016 is summarized below:

		(Millions of  Dollars)
		2017				2016
Established Lines at Year-End		$	92.0			$	60.0
Maximum Amount Outstanding			28.0				13.1
Average Outstanding			18.6				7.4
Notes Payable at Year-End			28.0				12.0
Weighted Average Interest Rate			2.15	%			1.54	%
Weighted Average Interest Rate at Year-End			2.54	%			1.71	%

The maturity dates for the Notes Payable as of December 31, 2017 are in January 2018 through March 2018 and are extendable at the discretion of the Company.

Interest rates for short-term borrowings are below the prime rate with no requirement for compensating balances.

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- Definition

The entire disclosure for short-term debt.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

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