CONTRACT ASSETS AND CONTRACT LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2019

CONTRACT ASSETS AND CONTRACT LIABILITIES

Schedule of contract assets and liabilities

Our contract assets and liabilities consist of the following (dollars in thousands):

	September 30,		December 31,
	2019		2018
Accounts receivable - Members	$	109,565	$	107,572
Other accounts receivable - trade:
Non-member electric sales		5,465		6,998
Other		14,974		6,006
Total other accounts receivable - trade		20,439		13,004
Other accounts receivable - nontrade		1,115		9,430
Total other accounts receivable	$	21,554	$	22,434
Contract liabilities (unearned revenue)	$	7,257	$	7,906

Other accounts receivable increased primarily due to a retroactive royalty rate reduction granted to Colowyo Mine by the Office of Natural Resources Revenue. The decision reduces the royalty rate from 12.5 percent to 8 percent for coal extracted under certain leases from September 1, 2015 through June 30, 2019.