COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of physical gas, coal and transportation contracts

The following table sets forth our firm physical gas, coal and transportation contracts for the periods indicated as of December 31, 2015 (in millions).

	Firm physical gas and transportation contracts		Coal and coal transportation contracts
January 1, 2016 through December 31, 2016	$	26.7	$	18.0
January 1, 2017 through December 31, 2018		37.4		27.5
January 1, 2019 through December 31, 2020		28.8		10.8
January 1, 2021 and beyond		45.7		—

Schedule of lease obligations over the next five years

Our lease obligations over the next five years are as follows (in thousands):

	Capital Leases		Operating Leases
2016	$	554	$	734
2017		551		689
2018		551		648
2019		550		484
2020		546		—
Thereafter		2,460		—

Total minimum payments		5,212	$	2,555
Less amount representing interest		1,322

Present value of net minimum lease payments	$	3,890

Summary of most significant environmental regulations affecting operations

Regulations

Air Emissions — NOx and SO2
CAIR (Clean Air Interstate Rule)
CSAPR (Cross State Air Pollution Rule)
MATS (Mercury Air Toxic Standards)
NAAQS (National Ambient Air Quality Standards)
Greenhouse Gases (GHGs) — CO₂
Surface Impoundments
Coal Ash Impoundments:
Asbury Power Plant
Riverton (capped and closed in 2014 as industrial (coal combustion waste) landfill)
Water Discharges