NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS The minimum lease payments in the next five years and thereafter are reconciled to the finance lease obligation as follow: The Erie Shores project debt was secured only by Erie Shores' assets, with no recourse to the Corporation's other assets, except for a $5,000 limited recourse guarantee provided by CPC to the lenders of the Erie Shores project debt. As at December 31, 2013, the carrying value of the assets of  Erie Shores exceeded the total amount of project debt outstanding. Under the agreement, Erie Shores must satisfy certain restrictive covenants as to minimum debt service coverage ratios. Additionally, Erie Shores is required to set aside $5,672 as restricted cash to cover the debt service and maintenance reserves. 86 CAPSTONE INFRASTRUCTURE CORPORATION (i) CPC-Cardinal credit facility (ii)  Erie Shores Wind Farm On November 12, 2013, the Corporation repaid the CPC-Cardinal credit facility from the proceeds of the new corporate credit facility. NOTE 19. LONG-TERM DEBT (A)  Components of Long-term Debt Within one year One year to five years Beyond five years Less: future finance charges Total Utilities – water 691 4,005 925 (1,251) 4,370 As at Dec 31, 2013 Dec 31, 2012 Fair Value Carrying Value Fair Value Carrying Value Power 368,045 371,744 305,497 297,792 Utilities – water 627,632 576,034 519,660 474,648 Corporate 81,694 80,107 44,416 40,631 1,077,371 1,027,885 869,573 813,071 Less: deferred financing costs — (8,469) — (8,439) Long-term debt 1,077,371 1,019,416 869,573 804,632 Less: current portion (26,743) (18,374) (21,258) (14,977) 1,050,628 1,001,042 848,315 789,655 (B) Power As at Dec 31, 2013 Dec 31, 2012 Fair Value Carrying Value Fair Value Carrying Value CPC-Cardinal credit facility — — 12,050 12,050 Erie Shores project debt 96,613 92,156 106,538 97,703 Glace Bay project debt 17,104 17,243 — — Sky Gen project debt 37,137 36,965 — — Amherst project debt 44,491 44,770 — — Amherstburg project debt 86,680 86,680 90,560 90,560 Hydro facilities' senior secured and subordinated bonds 86,020 93,930 96,349 97,479 368,045 371,744 305,497 297,792 Less: deferred financing costs — (3,992) — (5,080) Long-term debt 368,045 367,752 305,497 292,712 Less: current portion (26,743) (18,374) (21,258) (14,977) 341,302 349,378 284,239 277,735 Interest Rate Maturity Dec 31, 2013 Dec 31, 2012 Tranche A 5.96% Apr 1, 2026 54,198 57,041 Tranche B 5.28% Apr 1, 2016 2,361 3,223 Tranche C 6.15% Apr 1, 2026 35,597 37,439 92,156 97,703