DEBT AND CREDIT AGREEMENTS |
3 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Debt Disclosure [Abstract] | |
| DEBT AND CREDIT AGREEMENTS | DEBT AND CREDIT AGREEMENT There have been no significant changes to TEP's debt or credit agreements since December 31, 2024, except as noted below. DEBT Issuance In February 2025, TEP issued and sold $300 million aggregate principal amount of 5.90% senior unsecured notes due April 2055. TEP may redeem the notes prior to October 15, 2054, with a make-whole premium plus accrued interest. On or after October 15, 2054, TEP may redeem the notes at par plus accrued interest. CREDIT AGREEMENT 2021 Credit Agreement As of March 31, 2025, there was $238 million available under the 2021 Credit Agreement, which reflects no outstanding borrowings and LOCs totaling $12 million issued with fees that accrue at a rate of 1.050% per annum.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|