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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Payments Under Base Arrangements and Renewal Options

The future minimum payments under the base agreement, as well as the renewal options for the arrangement which the Company expects to exercise, are as follows:

 

(dollars in millions)

 

 

 

Year ended December 31,

 

 

 

2025

 

$

5.1

 

2026

 

 

5.1

 

2027

 

 

5.0

 

2028

 

 

4.0

 

2029

 

 

4.0

 

Thereafter

 

 

32.0

 

      Total future minimum financing obligation payments

 

 

55.2

 

Less imputed interest

 

 

(14.4

)

      Total

 

$

40.8

 

Schedule of Change in Asset Retirement Obligation

The following table presents the activity for the Company’s asset retirement obligations:

 

 

Year Ended

 

 

Year Ended

 

(dollars in millions)

 

December 31, 2024

 

 

December 31, 2023

 

Balance, beginning of period

 

$

7.3

 

 

$

7.2

 

Liabilities incurred

 

 

 

 

 

 

Liabilities settled

 

 

(0.3

)

 

 

(0.2

)

Accretion expense

 

 

0.3

 

 

 

0.3

 

Balance, end of period

 

$

7.3

 

 

$

7.3