Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment

The following table presents financial information about our reportable segments:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
(in thousands)
Operating Revenues, Unaffiliated Customers
Regulated Energy	$	101,911	$	90,270	$	344,190	$	306,159
Unregulated Energy	29,636		40,783		141,079		187,244
Total operating revenues, unaffiliated customers	$	131,547	$	131,053	$	485,269	$	493,403
Intersegment Revenues (1)
Regulated Energy	$	500	$	710	$	1,632	$	4,905
Unregulated Energy	5,333		7,131		17,807		14,950
Other businesses	45		45		136		737
Total intersegment revenues	$	5,878	$	7,886	$	19,575	$	20,592
Operating Income (Loss)
Regulated Energy	$	24,912	$	23,663	$	91,828	$	84,202
Unregulated Energy	(4,723)		(5,056)		11,529		15,557
Other businesses and eliminations	39		41		131		222
Operating income	20,228		18,648		103,488		99,981
Other income (expense), net	(72)		957		1,036		4,454
Interest charges	7,076		6,240		21,272		17,404
Income Before Income Taxes	13,080		13,365		83,252		87,031
Income Taxes	3,673		3,703		21,368		23,385
Net Income	$	9,407	$	9,662	$	61,884	$	63,646

    

(1) All significant intersegment revenues are billed at market rates and have been eliminated from consolidated operating revenues.

(in thousands)	September 30, 2023		December 31, 2022
Identifiable Assets
Regulated Energy segment	$	1,737,163	$	1,716,255
Unregulated Energy segment	451,064		463,239
Other businesses and eliminations	52,519		35,543
Total Identifiable Assets	$	2,240,746	$	2,215,037