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CAPITAL CONSTRUCTION FUND (Tables)
6 Months Ended
Jun. 30, 2024
CAPITAL CONSTRUCTION FUND  
Schedule of capital construction fund

Six Months Ended

June 30, 

(In millions)

    

2024

    

2023

CCF Cash and Cash Equivalents:

CCF cash balance at beginning of period

$

596.7

$

518.2

Cash deposits into the CCF

100.0

Cash paid for purchase of U.S. Treasury debt securities and accrued interest

(449.8)

Interest income deposited into the CCF

11.0

13.1

Repurchase of assigned accounts receivable

35.8

Qualifying withdrawal payments out of the CCF

(35.8)

(49.9)

Total CCF cash balance at end of period

157.9

581.4

Accrued interest earned on CCF Cash and Investments at end of period

2.7

2.5

Total CCF cash and cash equivalents balance at end of period

160.6

583.9

CCF Investments:

CCF investments balance at beginning of period

Purchase of U.S. Treasury debt securities

448.1

Accretion of investments

5.2

Total CCF investments balance at end of period

453.3

Total CCF cash and cash equivalents, and investments balance at end of period

$

613.9

$

583.9

Schedule of maturities of capital construction fund investments

As of

June 30, 2024

Year (in millions)

    

Cost

Fair Value

Remainder of 2024

$

47.4

$

47.3

2025

 

188.0

 

187.1

2026

 

165.7

 

164.4

2027

 

52.2

 

51.8

Total CCF investments

$

453.3

$

450.6

Schedule of CCF assigned accounts receivable

Six Months Ended

June 30, 

(In millions)

    

2024

    

2023

CCF assigned accounts receivable balance at beginning of period

$

218.1

$

9.9

Assigned accounts receivable

200.0

Repurchase of assigned accounts receivable

(35.8)

Interest earned on assigned accounts receivable

3.6

0.1

CCF assigned accounts receivable balance at end of period

$

185.9

$

210.0