Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following table summarizes the commodity swap contracts entered into by the Company as of December 31, 2014. The Company will pay the fixed price listed for the volumes denoted in the table below. In exchange it will receive from a counterparty a variable payment based on the market price for the natural gas product listed for these volumes. These payments are settled monthly.

Product	Type		Contract Period		Volume		Price per MMBtu
CIG - Rockies - IFERC Natural Gas		Swap		1/1/15 - 3/31/15		500 MMBtu/Day	$	3.980
CIG - Rockies - IFERC Natural Gas		Swap		1/1/15 - 3/31/15		500 MMBtu/Day	$	4.075
AECO Canada - CGPR 7A Natural Gas		Swap		1/1/15 - 3/31/15		501 MMBtu/Day	$	3.560
IFERC Gas Market Report at Algonquin Citygate Natural Gas		Swap		1/1/15 - 3/31/15		3600 MMBtu/Day	$	13.000
IFERC Gas Market Report at Algonquin Citygate Natural Gas		Swap		4/1/15 - 4/30/15		2500 MMBtu/Day	$	13.000
IFERC Gas Market Report at Algonquin Citygate Natural Gas		Swap		5/1/15 - 5/31/15		1390 MMBtu/Day	$	13.000
IFERC Gas Market Report at Algonquin Citygate Natural Gas		Swap		6/1/15 - 6/30/15		950 MMBtu/Day	$	13.000
IFERC Gas Market Report at Algonquin Citygate Natural Gas		Swap		7/1/15 - 7/31/15		890 MMBtu/Day	$	13.000

Derivative Instruments, Gain (Loss)

The table below summarizes the amount of unrealized loss recognized as a component of Net income from the commodity swap contracts.

	Year Ended December 31,
	2014		2013		2012
Unrealized loss on commodity swap contracts not designated as hedging instruments	$	3,023,271	$	-	$	-
Deferred unrealized loss on commodity swap contracts (1)		(2,872,386)		-		-
Unrealized loss included in Other income, net	$	150,885	$	-	$	-

(1) Unrealized losses on commodity swap agreements incurred by the Company’s regulated subsidiaries have been deferred as a regulatory asset on the Company’s Consolidated Balance Sheet. See Note 11 - Regulatory Assets and Liabilities.

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The table below shows the line item in the Company’s Consolidated Balance Sheets where the fair value of the commodity swap contracts is included.

Fair Value of Derivative Instruments

	Liabilities
		December 31,
	Balance Sheet Location	2014		2013
Derivatives not designated as hedging instruments
Commodity swap contracts	Derivative instruments	$	3,023,271	$	-