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Debt and Credit Agreements | 12 Months Ended
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Dec. 31, 2011
Debt And Credit Agreements Disclosure [Abstract] |
Debt and Credit Agreements | Debt and Credit Agreements Long-Term Debt The following table summarizes long-term debt (rates and terms are as of December 31, 2011):
|  | December 31,
(in millions) |  | 2011 | 2010
First and refunding mortgage bonds: |  |  |
2014 – 2041 (3.875% to 6.05% and floating) |  | $ | 7,375 |  | $ | 6,475 |
Pollution-control bonds: |  |  |
2028 – 2035 (2.875% to 5.0% and variable) |  | 939 |  | 1,196 |
Bonds repurchased |  | (161 | ) | (324 | )
Debentures and notes: |  |  |
2029 – 2053 (5.06% to 6.65%) |  | 307 |  | 307 |
Unamortized debt discount – net |  | (29 | ) | (27 | )
Total |  | $ | 8,431 |  | $ | 7,627 |
Long-term debt maturities for the next five years are: 2012 – zero; 2013 – zero; 2014 – $1.2 billion; 2015 – $300 million; and 2016 – $400 million. Liens and Security Interests Almost all SCE properties are subject to a trust indenture lien. SCE has pledged first and refunding mortgage bonds as collateral for borrowed funds obtained from certain pollution-control bonds issued by government agencies. SCE has a debt covenant that requires a debt to total capitalization ratio be met. At December 31, 2011, SCE was in compliance with this debt covenant. Credit Agreements and Short-Term Debt SCE has two revolving credit facilities with various banks; a $2.4 billion five-year credit facility that matures in February 2013, and a $500 million three-year credit facility that matures in March 2013. Commercial paper issued under these credit facilities are generally used to finance fuel inventories, balancing accounts undercollections and general, temporary cash requirements including power purchase payments. At December 31, 2011, the outstanding commercial paper was $419 million at a weighted-average interest rate of 0.44%. At December 31, 2011, letters of credit issued under SCE's credit facilities aggregated $81 million and were scheduled to expire in twelve months or less. The following table summarizes the status of SCE's credit facilities at December 31, 2011:
(in millions) | Credit Facilities
Commitment | $ | 2,894 |
Outstanding borrowings supported by credit facilities | (419 | )
Outstanding letters of credit | (81 | )
Amount available | $ | 2,394 |

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 + Details
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