Debt Coverage Liquidity Profile

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 2016 Y 2017 Y 2017Q12018Q1
Period Ended12/31/20163/31/201712/31/20173/31/2018
Capitalization Ratios (%)   
Common Equity / Book Capital52.3954.8647.1048.86
Debt / Book Capitalization47.6145.1452.9051.14
Short-term Debt / Debt12.098.6118.0915.44
Long-term Debt / Debt87.9191.3981.9184.56
  
Liquidity Ratios (x)   
Current Ratio1.051.130.710.76
Total Debt / Total Equity0.910.821.121.05
  
Debt Ratios (%)   
First Mortgage Bonds / Debt94.04NM94.3294.61
Commercial Paper / Debt6.9006.506.19
Commercial Paper Out / Available17.77018.0716.67
  
Coverage Ratios (x)   
Pre-tax Interest Coverage Excl. AFUDC3.567.85(1.38)7.08
Pre-tax Interest and Pfd Coverage Excl. AFUDC3.567.85(1.38)7.08
Recurring EBITDA / Adjusted Interest Expense5.99NM1.389.68
Debt / Recurring EBITDA3.331.7714.262.23
  
Debt Detail - Current ($000)   
Short-term Debt53,300054,20050,000
Current Portion of Long-term Debt40,14561,99496,70674,785
  
Debt Detail - Long-term ($000)   
First Mortgage Bonds726,700726,700786,700764,700
Obligations Under Leases159NA3NA
Long-term Senior Debt726,859726,700786,703764,700
Adjustments to Long-term Debt (7,377) (6,990) (6,813) (6,418)
Long-term Debt, Including Current Portion719,482719,710779,890758,282
Total Debt772,782719,710834,090808,282
  
Additional Debt Detail ($000)   
Unhedged Debt772,782719,710834,090808,282
  
Debt Maturity Schedule ($000)   
Debt Maturing: Current FY93,445NA150,906NA
Debt Maturing: Next FY97,003NA30,000NA
Debt Maturing: FY230,00030,00075,00075,000
Debt Maturing: FY375,00075,00060,00060,000
Debt Maturing: FY460,00060,00000
Debt Maturing: Thereafter417,334395,716518,184518,497
  
Operating Lease Obligations ($000)   
Operating Lease Obligations, Current Fiscal Year5,476NA5,378NA
Operating Lease Obligations, Next Fiscal Year5,385NA5,379NA
Operating Lease Obligations, Second Fiscal Year5,340NA6,945NA
Operating Lease Obligations, Third Fiscal Year2,835NA7,482NA
Operating Lease Obligations, Fourth Fiscal Year930NA7,629NA
Operating Lease Obligations, due Thereafter28,895NA169,411NA
  

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