Title of Each Class of Securities to be Registered |
Amount to Be Registered |
Proposed Maximum Offering Price Per Unit |
Proposed Maximum Aggregate Offering Price |
Amount of Registration Fee |
||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
First Mortgage Bonds, 3.60% Series due March 15, 2024 |
$ |
400,000,000 |
99.867 |
% |
$ |
399,468,000 |
$ |
51,452 |
(1) |
Price to Public(1) |
Underwriting Discount |
Proceeds, before expenses, to us(1) |
|||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Per bond |
99.867 |
% |
0.65 |
% |
99.217 |
% |
|||||||||||
Total |
$ |
399,468,000 |
$ |
2,600,000 |
$ |
396,868,000 |
J.P. Morgan |
RBS |
Wells Fargo Securities |
Citigroup |
Goldman, Sachs & Co. |
Mischler Financial Group, Inc. |
Ramirez & Co., Inc. |
Prospectus Supplement |
Page |
||||||
---|---|---|---|---|---|---|---|
Year Ended December 31, |
||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2013 |
2012 |
2011 |
2010 |
2009 |
||||||||||||||||||
2.89 |
2.54 |
2.22 |
2.31 |
2.60 |
Year Ended December 31, |
|||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2013 |
2012 |
2011 |
2010 |
2009 |
|||||||||||||||||||||||
Ratio of Earnings to Fixed Charges |
2.89 |
2.54 |
2.22 |
2.31 |
2.60 |
As of and for the Year Ended December 31, |
|||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2013 |
2012 |
2011 |
|||||||||||||||
Income Statement Data |
|||||||||||||||||
Operating revenue |
$ |
2,026 |
$ |
1,948 |
$ |
2,078 |
|||||||||||
Operating expenses |
1,705 |
1,691 |
1,866 |
||||||||||||||
Operating income |
321 |
257 |
212 |
||||||||||||||
Net income |
150 |
126 |
99 |
||||||||||||||
Balance Sheet Data |
|||||||||||||||||
Cash and cash equivalents |
$ |
9 |
$ |
9 |
$ |
12 |
|||||||||||
Total assets |
$ |
6,171 |
$ |
5,638 |
$ |
5,043 |
|||||||||||
Capitalization |
|||||||||||||||||
Short-term debt |
$ |
151 |
$ |
231 |
$ |
74 |
|||||||||||
Current portion of long-term debt |
175 |
200 |
— |
||||||||||||||
Capital lease obligations due within one year |
9 |
8 |
8 |
||||||||||||||
Long-term debt |
1,724 |
1,501 |
1,540 |
||||||||||||||
Capital lease obligations |
60 |
70 |
78 |
||||||||||||||
Total equity |
1,922 |
1,643 |
1,502 |
||||||||||||||
Total Capitalization |
$ |
4,041 |
$ |
3,653 |
$ |
3,202 |
Underwriter |
Principal Amount |
||||||
---|---|---|---|---|---|---|---|
J.P. Morgan Securities LLC |
$ |
76,000,000 |
|||||
RBS Securities Inc. |
76,000,000 |
||||||
Wells Fargo Securities, LLC |
76,000,000 |
||||||
Citigroup Global Markets Inc. |
76,000,000 |
||||||
Goldman, Sachs & Co. |
76,000,000 |
||||||
Mischler Financial Group, Inc. |
10,000,000 |
||||||
Samuel A. Ramirez & Company, Inc. |
10,000,000 |
||||||
Total |
$ |
400,000,000 |
Page |
|||||||
---|---|---|---|---|---|---|---|
Six Months Ended June 30, |
Year Ended December 31, |
|||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2013 |
2012 |
2011 |
2010 |
2009 |
2008 |
|||||||||||||||||||||||||||
Ratio of Earnings to Fixed Charges |
2.37 |
2.54 |
2.22 |
2.31 |
2.60 |
2.70 |