Revenues (Tables)

6 Months Ended

Jun. 30, 2024

The following tables disaggregate revenues by major source, timing of revenue recognition, and segment:


	Three months ended June 30, 2024								Six months ended June 30, 2024
(in thousands)	Electric utility		Bank		Other		Total		Electric utility		Bank		Other		Total
Revenues from contracts with customers
Electric energy sales - residential	$	244,539	$	—	$	—	$	244,539	$	486,061	$	—	$	—	$	486,061
Electric energy sales - commercial	251,482		—		—		251,482		493,250		—		—		493,250
Electric energy sales - large light and power	280,940		—		—		280,940		552,027		—		—		552,027
Electric energy sales - other	4,609		—		—		4,609		9,555		—		—		9,555
Bank fees	—		12,723		—		12,723		—		25,238		—		25,238
Other sales	—		—		2,964		2,964		—		—		6,270		6,270
Total revenues from contracts with customers	781,570		12,723		2,964		797,257		1,540,893		25,238		6,270		1,572,401
Revenues from other sources
Regulatory revenue	(486)		—		—		(486)		20,704		—		—		20,704
Bank interest and dividend income	—		86,178		—		86,178		—		174,113		—		174,113
Other bank noninterest income	—		3,042		—		3,042		—		7,736		—		7,736
Other	11,247		—		122		11,369		19,312		—		252		19,564
Total revenues from other sources	10,761		89,220		122		100,103		40,016		181,849		252		222,117
Total revenues	$	792,331	$	101,943	$	3,086	$	897,360	$	1,580,909	$	207,087	$	6,522	$	1,794,518
Timing of revenue recognition
Services/goods transferred at a point in time	$	—	$	12,723	$	—	$	12,723	$	—	$	25,238	$	—	$	25,238
Services/goods transferred over time	781,570		—		2,964		784,534		1,540,893		—		6,270		1,547,163
Total revenues from contracts with customers	$	781,570	$	12,723	$	2,964	$	797,257	$	1,540,893	$	25,238	$	6,270	$	1,572,401


	Three months ended June 30, 2023								Six months ended June 30, 2023
(in thousands)	Electric utility		Bank		Other		Total		Electric utility		Bank		Other		Total
Revenues from contracts with customers
Electric energy sales - residential	$	239,867	$	—	$	—	$	239,867	$	495,417	$	—	$	—	$	495,417
Electric energy sales - commercial	250,108		—		—		250,108		504,578		—		—		504,578
Electric energy sales - large light and power	279,811		—		—		279,811		570,789		—		—		570,789
Electric energy sales - other	4,483		—		—		4,483		9,940		—		—		9,940
Bank fees	—		12,281		—		12,281		—		24,303		—		24,303
Other sales	—		—		4,438		4,438		—		—		8,345		8,345
Total revenues from contracts with customers	774,269		12,281		4,438		790,988		1,580,724		24,303		8,345		1,613,372
Revenues from other sources
Regulatory revenue	9,039		—		—		9,039		24,643		—		—		24,643
Bank interest and dividend income	—		81,741		—		81,741		—		161,220		—		161,220
Other bank noninterest income	—		2,863		—		2,863		—		5,219		—		5,219
Other	10,883		—		171		11,054		19,185		—		283		19,468
Total revenues from other sources	19,922		84,604		171		104,697		43,828		166,439		283		210,550
Total revenues	$	794,191	$	96,885	$	4,609	$	895,685	$	1,624,552	$	190,742	$	8,628	$	1,823,922
Timing of revenue recognition
Services/goods transferred at a point in time	$	—	$	12,281	$	—	$	12,281	$	—	$	24,303	$	—	$	24,303
Services/goods transferred over time	774,269		—		4,438		778,707		1,580,724		—		8,345		1,589,069
Total revenues from contracts with customers	$	774,269	$	12,281	$	4,438	$	790,988	$	1,580,724	$	24,303	$	8,345	$	1,613,372