Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Lease Cost

The following table shows lease expense for the years ended December 31:

(In thousands)	2024		2023		Income Statement Location
Finance lease expense:
Amortization of leased assets	$	1,598	$	1,588	Depreciation and amortization
Interest on lease liabilities		597		556	Interest expense, net
Operating lease expense		441		465	Other operations and maintenance
Total lease expense	$	2,636	$	2,609

Lease Balance Sheet

The following table shows the lease assets and liabilities on the consolidated balance sheets as of December 31:

(In thousands)	2024		2023		Balance Sheet Location
Lease assets:
Finance lease assets	$	15,611	$	15,439	Property, plant, and equipment, net
Operating lease assets		7,400		7,557	Other deferred assets and other
Total lease assets	$	23,011	$	22,996
Lease liabilities:
Finance lease liabilities - current	$	1,297	$	1,172	Other current liabilities
Finance lease liabilities - long-term		18,466		18,039	Other deferred liabilities and other
Operating lease liabilities - current		65		114	Other current liabilities
Operating lease liabilities - long-term		7,781		7,801	Other deferred liabilities and other
Total lease liabilities	$	27,609	$	27,126

Other Financial Information

The following table shows other lease information for the years ended December 31:

(In thousands)	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Finance leases - Financing cash flows	$	1,323	$	1,322
Finance leases - Operating cash flows		872		822
Operating leases - Operating cash flows		353		372
Lease assets obtained in exchange for lease liabilities:
Finance leases		1,876		2,385
Operating leases		48		—

Weighted Average And Discount Rate

The following table shows the weighted average remaining lease terms and discounts as of December 31:

Weighted-average remaining lease terms (in years):	2024			2023
Finance leases		35			36
Operating leases		32			33
Weighted-average discount rates:
Finance leases		4.49	%		4.44	%
Operating leases	3.11		%	3.08		%

Lessee Operating Lease Liability Maturity

The following table shows maturities of lease liabilities as of December 31, 2024:

(In thousands)	Finance			Operating
2025	$	2,149		$	300
2026		1,835			305
2027		1,551			311
2028		894			317
2029		774			322
Thereafter		39,377			11,211
Subtotal		46,580			12,766
Less: Present value discount		(26,817	)		(4,920	)
Lease liability		19,763			7,846
Less: current portion		(1,297	)		(65	)
Noncurrent lease liability	$	18,466		$	7,781

Lessee Finance Lease Liability Maturity

The following table shows maturities of lease liabilities as of December 31, 2024:

(In thousands)	Finance			Operating
2025	$	2,149		$	300
2026		1,835			305
2027		1,551			311
2028		894			317
2029		774			322
Thereafter		39,377			11,211
Subtotal		46,580			12,766
Less: Present value discount		(26,817	)		(4,920	)
Lease liability		19,763			7,846
Less: current portion		(1,297	)		(65	)
Noncurrent lease liability	$	18,466		$	7,781