CenterPoint Energy 2014 Annual Report Download - page 117

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107
(12) Short-term Borrowings and Long-
term Debt
December 31,
2014
December 31,
2013
Long-Term
Current(1)
Long-Term
Current(1)
(in millions)
Short-term borrowings:
Inventory financing
$
—
$
53
$
—
$
43
Total short-term borrowings
—
53
—
43
Long-term debt:
CenterPoint Energy:
ZENS (2)
—
152
—
143
Senior notes 5.95% to 6.85% due 2015 to 2018
550
200
750
—
Pollution control bonds 4.90% to 5.125% due 2015 to 2028
(3)
118
69
187
—
Commercial paper (4)
191
—
—
—
Other
2
2
—
—
CenterPoint Houston:
First mortgage bonds 9.15% due 2021
102
—
102
—
General mortgage bonds 2.25% to 6.95% due 2022 to 2044
1,912
—
1,312
—
Pollution control bonds 4.25% to 5.60% due 2017 to 2027
—
—
183
—
System restoration bonds 1.833% to 4.243% due 2015 to 2022
415
48
463
47
Transition bonds 0.90% to 5.302% due 2015 to 2024
2,259
324
2,583
307
Other
1
—
—
—
CERC Corp.:
Senior notes 4.50% to 6.625% due 2016 to 2041
2,168
—
2,168
—
Commercial paper (4)
341
—
118
—
Other
—
—
1
—
Unamortized discount and premium, net
(50
)
—
(
50
)
—
Total long-term debt
8,009
795
7,817
497
Total debt
$
8,009
$
848
$
7,817
$
540
(1)
Includes amounts due or exchangeable within one year of the date noted.
(2) CenterPoint Energy’
s ZENS obligation is bifurcated into a debt component and an embedded derivative component. For additional
information regarding ZENS, see Note 10(b). As ZENS are exchangeable for cash at any time at the option of the holders, these notes
are classified as a current portion of long-term debt.
(3) $118 million of these series of debt were secured by general mortgage bonds of CenterPoint Houston at both December 31, 2014
and
2013 .
(4) Classified as long-
term debt because the termination date of the facility that backstops the commercial paper is more than one year from
the date noted.