Debt Coverage Liquidity Profile

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 2014 Y 2015 Y 2016 Y 2017Q1
Period Ended12/31/201412/31/201512/31/20163/31/2017
Capitalization Ratios (%)   
Common Equity / Book Capital46.0847.4452.3954.86
Debt / Book Capitalization53.9252.5647.6145.14
Short-term Debt / Debt30.6734.1612.098.61
Long-term Debt / Debt69.3365.8487.9191.39
  
Liquidity Ratios (x)   
Current Ratio0.770.691.051.13
Total Debt / Total Equity1.171.110.910.82
  
Debt Ratios (%)   
First Mortgage Bonds / Debt71.4769.5594.04NM
Long-term Senior Notes / Debt2.23000
Commercial Paper / Debt26.1431.216.900
Commercial Paper Out / Available78.2390.0117.770
  
Coverage Ratios (x)   
Pre-tax Interest Coverage Excl. AFUDC3.212.923.567.72
Pre-tax Interest and Pfd Coverage Excl. AFUDC3.212.923.567.72
Recurring EBITDA / Adjusted Interest Expense5.035.095.99NM
Debt / Recurring EBITDA3.723.853.331.77
  
Debt Detail - Current ($000)   
Short-term Debt234,700270,03553,3000
Current Portion of Long-term Debt40,68025,53740,14561,994
  
Debt Detail - Long-term ($000)   
First Mortgage Bonds641,700601,700726,700726,700
Long-term Senior Notes20,000000
Obligations under Capital Leases1,404723159NA
Long-term Senior Debt663,104602,423726,859726,700
Adjustments to Long-term Debt0 (7,282) (7,377) (6,990)
Long-term Debt, Including Current Portion663,104595,141719,482719,710
Total Debt897,804865,176772,782719,710
  
Additional Debt Detail ($000)   
Unhedged Debt897,804865,176772,782719,710
  
Debt Maturity Schedule ($000)   
Debt Maturing: Current FY275,380295,57293,445NA
Debt Maturing: Next FY45,56440,15697,003NA
Debt Maturing: FY240,15722,00330,00030,000
Debt Maturing: FY322,00330,00075,00075,000
Debt Maturing: FY430,00075,00060,00060,000
Debt Maturing: Thereafter484,700402,445417,334395,716
  
Operating Lease Obligations ($000)   
Operating Lease Obligations, Current Fiscal Year5,4875,4175,476NA
Operating Lease Obligations, Next Fiscal Year5,4575,3635,385NA
Operating Lease Obligations, Second Fiscal Year5,4265,3485,340NA
Operating Lease Obligations, Third Fiscal Year5,3015,3132,835NA
Operating Lease Obligations, Fourth Fiscal Year5,2092,765930NA
Operating Lease Obligations, due Thereafter29,80254,68128,895NA
  

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