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Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block] The following tables display our revenue by major source based on product and service type for the three months ended March 31, 2025 and 2024:
Three Months Ended March 31, 2025Three Months Ended March 31, 2024
(in millions)Regulated EnergyUnregulated EnergyOther Businesses and EliminationsTotalRegulated EnergyUnregulated EnergyOther Businesses and EliminationsTotal
Energy distribution
Delaware natural gas division$42.3 $ $ $42.3 $31.9 $— $— $31.9 
Florida natural gas distribution
51.3   51.3 47.9 — — 47.9 
Florida City Gas43.6   43.6 35.9 — — 35.9 
FPU electric distribution23.2   23.2 20.0 — — 20.0 
Maryland natural gas division (1)
12.9   12.9 9.9 — — 9.9 
Sandpiper natural gas/propane operations (1)
8.4   8.4 7.0 — — 7.0 
Elkton Gas (1)
4.0   4.0 2.9 — — 2.9 
Total energy distribution185.7   185.7 155.5 — — 155.5 
Energy transmission
Aspire Energy 19.2  19.2 — 13.6 — 13.6 
Aspire Energy Express0.4   0.4 0.4 — — 0.4 
Eastern Shore22.7   22.7 21.2 — — 21.2 
Peninsula Pipeline10.0   10.0 8.0 — — 8.0 
Total energy transmission33.1 19.2  52.3 29.6 13.6 — 43.2 
Energy generation
Eight Flags 4.7  4.7 — 4.6 — 4.6 
Propane operations
Propane delivery operations 74.7  74.7 — 61.6 — 61.6 
CNG / RNG Services
Marlin Gas Services 7.2  7.2 — 3.4 — 3.4 
Other RNG 1.0  1.0    — 
Total CNG / RNG Services 8.2  8.2  3.4  3.4 
Other Businesses and Eliminations
Eliminations(19.2)(0.1)(7.6)(26.9)(16.7)(0.1)(5.8)(22.6)
Total operating revenues (2)
$199.6 $106.7 $(7.6)$298.7 $168.4 $83.1 $(5.8)$245.7 
(1) In accordance with the Maryland PSC approval of our natural gas base rate proceeding, effective April 2025, our natural gas distribution businesses in Maryland (Maryland natural gas division, Sandpiper natural gas/propane operations and Elkton Gas) will be consolidated for rate-making and other purposes and will be presented in a consolidated basis consistent with the final rate order going forward.
(2) Total operating revenues for the three months ended March 31, 2025 include other revenue (revenues from sources other than contracts with customers) of $0.5 million loss and $0.1 million for our Regulated Energy and Unregulated Energy segments, respectively, and $0.6 million and $0.1 million for our Regulated Energy and Unregulated Energy segments, respectively, for the three months ended March 31, 2024. The sources of other revenues include revenue from alternative revenue programs related to revenue normalization for the Maryland division and Sandpiper Energy and late fees.
Contract with Customer, Asset and Liability [Table Text Block] The balances of our trade receivables, contract assets, and contract liabilities as of December 31, 2024 and March 31, 2025 were as follows:
Trade ReceivablesContract Assets (Current)Contract Assets (Non-current)Contract Liabilities (Current)
(in millions)
Balance at 12/31/2024$66.2 $— $3.0 $1.2 
Balance at 3/31/2025
84.3  2.9 0.8 
Increase (Decrease)$18.1 $— $(0.1)$(0.4)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block] Revenue for these businesses for the remaining performance obligations, at March 31, 2025, are expected to be recognized as follows:
(in millions)2025202620272028202920302031 and thereafter
Eastern Shore and Peninsula Pipeline$28.0 $34.9 $31.1 $29.0 $26.6 $21.2 $109.6 
Natural gas distribution operations9.2 12.3 10.8 10.8 10.7 7.3 31.0 
FPU electric distribution0.8 1.1 0.6 0.6 0.6 — — 
Total revenue contracts with remaining performance obligations$38.0 $48.3 $42.5 $40.4 $37.9 $28.5 $140.6