XML 34 R24.htm IDEA: XBRL DOCUMENT v3.24.3
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2024
Accounting Policies [Abstract]  
Disaggregation of Revenue
The following table disaggregates the Company’s operating revenue by source for the three and nine months ended September 30, 2024 and 2023:
Three Months Ended September 30, Nine Months Ended September 30,
2024202320242023
Revenue from contracts with customers$306,237 $253,337 $687,803 $592,768 
Regulatory balancing account revenue(6,674)1,639 126,808 (12,648)
Total operating revenue$299,563 $254,976 $814,611 $580,120 
In the following table, revenue from contracts with customers is disaggregated by class of customers for the three and nine months ended September 30, 2024 and 2023:
Three Months Ended September 30, Nine Months Ended September 30,
2024202320242023
Residential$184,951 $150,031 $399,695 $342,806 
Business56,225 47,707 132,680 117,527 
Multiple residential21,795 18,778 56,707 50,280 
Industrial9,645 8,165 23,404 19,672 
Public authorities18,140 14,522 36,020 29,938 
Other (a)15,481 14,134 39,297 32,545 
Total revenue from contracts with customers$306,237 $253,337 $687,803 $592,768 
(a) Other includes changes to accrued and unbilled revenue
The following table disaggregates the Company’s non-regulated revenue by source for the three and nine months ended September 30, 2024 and 2023:
Three Months Ended September 30, Nine Months Ended September 30,
2024202320242023
Operating and maintenance revenue$3,384 $2,918 $9,820 $9,229 
Other non-regulated revenue143 972 3,092 2,553 
Non-regulated revenue from contracts with customers3,527 3,890 12,912 11,782 
Lease revenue606 645 1,832 1,861 
Total non-regulated revenue$4,133 $4,535 $14,744 $13,643 
Schedule of Allowance for Credit Losses
The following table presents the activity in the allowance for credit losses for the nine months ended September 30, 2024 and twelve months ended December 31, 2023:
September 30, 2024December 31, 2023
Beginning balance$2,854 $5,629 
Provision for credit loss expense4,028 2,480 
Write-offs(3,725)(5,795)
Recoveries307 540 
Total ending allowance balance$3,464 $2,854 
Schedule of Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash within the unaudited Condensed Consolidated Balance Sheets that sum to the total of the same such amounts shown on the unaudited Condensed Consolidated Statements of Cash Flows (see Note 9 for further details on restricted cash):
 September 30, 2024December 31, 2023
Cash and cash equivalents$59,556 $39,591 
Restricted cash45,641 45,375 
Total cash, cash equivalents, and restricted cash shown in the statements of cash flows$105,197 $84,966