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## 3. FINANCING ACTIVITIES 

The following details long-term debt outstanding as of December 31, 2020 and 2019: 

## Long-term Debt 

<img src='content_image/1037303.jpg'>

(a) Certain Pollution Control Bonds are subject to redemption earlier than the maturity date. 

Long-term debt outstanding as of December 31, 2020 is payable as follows: 

<img src='content_image/1037304.jpg'>

(a) Amounts reflect the impact of fair value hedge accounting. See “Accounting for Fair Value Hedging Strategies” section of Note 10 included in the 2020 Annual Report for additional information. 

## Short-term Debt 

Parent’s outstanding short-term debt was as follows: 

<img src='content_image/1037305.jpg'>

## 4. RELATED PARTY TRANSACTIONS 

## Payments on Behalf of Subsidiaries 

Due to occasional time sensitivity and complexity of payments, Parent makes certain insurance, tax and benefit payments on behalf of subsidiary companies. Parent is then fully reimbursed by the subsidiary companies. 

