XML 27 R14.htm IDEA: XBRL DOCUMENT v3.25.4
Utility Plant
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Utility Plant Utility Plant
Utility plant consisted of the following:
(in thousands)December 31, 2025December 31, 2024
Transmission and distribution plant$364,270 $321,075 
Equipment102,700 67,917 
Office buildings and other structures88,529 67,313 
Construction work-in-progress48,801 54,388 
Intangible plant3,569 2,365 
Land2,897 2,300 
Total utility plant$610,766 $515,358 
Depreciation expense related to depreciable property was $14.5 million and $12.0 million for the years ended December 31, 2025 and 2024, respectively.
Asset Retirement Obligations
Changes in the carrying amount of AROs were as follows:
(in thousands)December 31, 2025
Beginning of period$697 
Accretion expense148 
Change in estimated cash flows(374)
End of period$471 
Asset Retirement Obligations Utility Plant
Utility plant consisted of the following:
(in thousands)December 31, 2025December 31, 2024
Transmission and distribution plant$364,270 $321,075 
Equipment102,700 67,917 
Office buildings and other structures88,529 67,313 
Construction work-in-progress48,801 54,388 
Intangible plant3,569 2,365 
Land2,897 2,300 
Total utility plant$610,766 $515,358 
Depreciation expense related to depreciable property was $14.5 million and $12.0 million for the years ended December 31, 2025 and 2024, respectively.
Asset Retirement Obligations
Changes in the carrying amount of AROs were as follows:
(in thousands)December 31, 2025
Beginning of period$697 
Accretion expense148 
Change in estimated cash flows(374)
End of period$471