XML 115 R15.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Debt and Credit Agreements | 12 Months Ended
--- | ---
Dec. 31, 2013
Debt 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, 2013) of Edison International and SCE:
| December 31,
(in millions) | 2013 |  | 2012
Edison International Parent and Other: |  |  |
Debentures and notes: |  |  |
2017 (3.75%) | $ | 400 |  |  | $ | 400 |
Other long-term debt | 4 |  |  | 4 |
Current portion of long-term debt | (1 | ) |  | — |
Unamortized debt discount, net | — |  |  | (1 | )
Total Edison International Parent and Other | 403 |  |  | 403 |
SCE: |  |  |
First and refunding mortgage bonds: |  |  |
2014 – 2043 (3.5% to 6.05% and floating) | 8,975 |  |  | 7,775 |
Pollution-control bonds: |  |  |
2028 – 2035 (1.375% to 5.0% and variable) | 939 |  |  | 939 |
Bonds repurchased | (161 | ) |  | (161 | )
Debentures and notes: |  |  |
2029 – 2053 (5.06% to 6.65%) | 307 |  |  | 307 |
Current portion of long-term debt | (600 | ) |  | — |
Unamortized debt discount, net | (38 | ) |  | (32 | )
Total SCE | 9,422 |  |  | 8,828 |
Total Edison International | $ | 9,825 |  |  | $ | 9,231 |
Edison International and SCE long-term debt maturities over the next five years are the following:
(in millions) | Edison International |  | SCE
2014 | $ | 601 |  |  | $ | 600 |
2015 | 300 |  |  | 300 |
2016 | 401 |  |  | 400 |
2017 | 400 |  |  | — |
2018 | 400 |  |  | 400 |
Liens and Security Interests Almost all of SCE's properties are subject to a trust indenture lien. SCE has pledged first and refunding mortgage bonds as collateral for borrowed funds obtained from 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, 2013, SCE was in compliance with this debt covenant. Credit Agreements and Short-Term Debt The following table summarizes the status of the credit facilities at December 31, 2013:
(in millions) | Edison International Parent |  | SCE
Commitment | $ | 1,250 |  |  | $ | 2,750 |
Outstanding borrowings | (34 | ) |  | (175 | )
Outstanding letters of credit | — |  |  | (116 | )
Amount available | $ | 1,216 |  |  | $ | 2,459 |
In 2013, SCE and Edison International Parent amended their credit facilities to extend the maturity dates to July 2018 for $2.75 billion and $1.25 billion, respectively. The credit facility for SCE is generally used to support commercial paper and letters of credit issued for procurement-related collateral requirements, balancing account undercollections and for general corporate purposes, including working capital requirements to support operations and capital expenditures. Borrowings under Edison International Parent's credit facility are used for general corporate purposes. At December 31, 2013, SCE's outstanding commercial paper was $175 million at a weighted-average interest rate of 0.24%. The commercial paper was supported by the $2.75 billion multi-year revolving credit facility. At December 31, 2013, letters of credit issued under SCE's credit facility aggregated $116 million and are scheduled to expire in twelve months or less. At December 31, 2012, the outstanding commercial paper was $175 million at a weighted-average interest rate of 0.37%. At December 31, 2013, Edison International Parent's outstanding commercial paper was $34 million at a weighted-average interest rate of 0.55%. This commercial paper was supported by the $1.25 billion multi-year revolving credit facility. At December 31, 2012, Edison International Parent had no outstanding short-term debt. Financing Subsequent to December 31, 2013 In January 2014, SCE issued $300 million of floating rate first and refunding mortgage bonds due in 2015. The proceeds from this bond were used for working capital to fund the ERRA balancing account undercollections.

X
- Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: 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 3: 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 + Details
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration