CONTINGENCIES AND COMMITMENTS (Tables)

12 Months Ended

Dec. 31, 2024

The commitments are noted in the table below.

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* Estimated annual contractual obligations are based on the same payment levels as 2024.

Supplemental balance sheet information related to leases was as follows:


	As of December 31, 2024			As of December 31, 2023
Operating leases
Other assets: Other	$	13,301		$	13,387

Other accrued liabilities	$	1,218		$	962
Other long-term liabilities	12,285			12,605
Total operating lease liabilities	$	13,503		$	13,567

Finance leases
Depreciable plant and equipment	$	18,761		$	19,087
Accumulated depreciation and amortization	(16,102)			(14,339)
Net utility plant	$	2,659		$	4,748

Current maturities of long-term debt, net	$	2,099		$	844
Long-term debt, net	688			3,057
Total finance lease liabilities	$	2,787		$	3,901

Weighted average remaining lease term
Operating leases	100 months			112 months
Finance leases	17 months			29 months

Weighted average discount rate
Operating leases	3.8		%	3.6		%
Finance leases	5.6		%	5.5		%

The components of lease expense were as follows:


	2024		2023

Operating lease cost	$	2,540	$	2,520

Finance lease cost:
Amortization of right-of-use assets	$	1,788	$	1,609
Interest on lease liabilities	181		190
Total finance lease cost	$	1,969	$	1,799

Short-term lease cost	$	1,216	$	1,442
Variable lease cost	553		549
Total lease cost	$	6,278	$	6,310

Supplemental cash flow information related to leases was as follows:


	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,553	$	2,534
Operating cash flows from finance leases	$	181	$	190
Financing cash flows from finance leases	$	1,120	$	1,400
Non-cash activities: right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	1,881	$	558
Finance leases	$	—	$	(61)

Maturities of lease liabilities as of December 31, 2024 are as follows:

Maturities of lease liabilities as of December 31, 2024 are as follows: