Dominion Power 2000 Annual Report Download - page 57

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55
Note 16 Long-Term Debt
(millions) At December 31, 2000 1999
Balance Interest Rate(6) Balance Interest Rate(6)
First and Refunding Mortgage Bonds(1):
1992 Series E, due 2002 $ 155 7.4% $ 155 7.4%
1993 Various Series, 2001-2003 400 6.0-6.6 535 5.9-6.6
Various Series, 2004-2007 665 6.8-8.0 665 7.6-8.0
Various series, due 2021-2025 1,101 6.8-8.8 1,101 5.4-8.8
Total First and Refunding Mortgage Bonds 2,321 2,456
Other Long-Term Debt:
Notes:
Due 2004 400 7.3
Debentures:
Due 2003-2027 1,334 5.8-8.8
Senior notes:
2000 Series C, due 2003 400 7.6
2000 Series B, due 2005 700 7.6
2000 Various series, due 2010-2014 1,400 7.2-8.1
Mandatory Convertibles, convert 2004 413 8.1
Commercial paper(2) 250 300
Term notes, fixed interest rate, due 2000-2008 581 5.7-10.0 422 5.7-10.0
Various series, due 2004-2038 375 6.7-7.2 375 6.7-7.1
Tax exempt financings(3):
Money market municipals, due 2007-2027 489 3.3 489 3.3
Other, due 2022-2030 59 4.9-5.5 29 5.4
Variable rate debt, 2000-2007 54 5.8
Secured revolving lines of credit, variable rates, due 2002-2005 237 6.3-7.0 303 5.6-6.0
Total other long-term debt 6,638 1,972
Nonrecourse debt:
Bank loans, due 2004-2008(4) 18 7.3 18 5.8
Revolving credit agreements, due 2001 129 6.3-7.0 363 5.7-6.7
Bank loans, due 2000-2024 39 4.5-6.6
Senior secured bonds, fixed rate, due 2020 259 7.3 265 7.3
Other 19 6.9 35.4
Senior notes(5):
Fixed rate, due 2003 46 7.6 96 6.1-7.6
Term notes, fixed rate, due 2000-2012 959 6.5-9.0 159 6.5-12.1
Line of credit, variable rate, due 2000 76 6.9 48 6.2
Line of credit, fixed rate, due 2000-2001 36.3 44 6.2
Notes payable, due 2006 23 6.9 298 6.5
Commercial paper 64 5.6
Revolving credit agreements 1,492 5.9
Total nonrecourse debt 1,532 2,889
Total debt 10,491 7,317
Less amounts due within one year:
First and refunding mortgage bonds 100 135
Other long-term debt 141 60
Nonrecourse debt 95 161
Total amount due within one year 336 356
Less unamortized discount, net of premium 54 25
Total long-term debt $10,101 $6,936
Notes:
(1) Substantially all of Virginia Power’s property is subject to the lien of the mortgage, securing
its First and Refunding Mortgage Bonds.
(2) See Note 15.
(3) Certain pollution control equipment at Virginia Power’s generating facilities has been
pledged or conveyed to secure these financings.
(4) Real estate at Dominion is pledged as collateral.
(5) Certain common stock owned by DCI is pledged as collateral to secure the loan.
(6) Interest rates are rounded to the nearest one-tenth of one-percent and consist of weighted
average interest rates for variable rate debt.