XML 52 R32.htm IDEA: XBRL DOCUMENT v3.6.0.2
Pension and Other Postretirement Benefits (Tables)
12 Months Ended
Dec. 31, 2016
Pension and Other Postretirement Benefit Expense [Abstract]  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
 
 
Postretirement Benefit Plans
 
 
Pension Benefits
 
Other Benefits
In thousands
 
2016
 
2015
 
2016
 
2015
Reconciliation of change in benefit obligation:
 
 
 
 
 
 
 
 
Obligation at January 1
 
$
445,628

 
$
487,278

 
$
31,049

 
$
32,072

Service cost
 
7,083

 
8,267

 
391

 
527

Interest cost
 
18,399

 
18,360

 
1,175

 
1,179

Plan amendments(1)
 
—

 
—

 
—

 
(3,435
)
Net actuarial (gain) loss
 
7,688

 
(32,354
)
 
(1,488
)
 
2,724

Benefits paid
 
(20,959
)
 
(35,923
)
 
(1,732
)
 
(2,018
)
Obligation at December 31
 
$
457,839

 
$
445,628

 
$
29,395

 
$
31,049

 
 
 
 
 
 
 
 
 
Reconciliation of change in plan assets:
 
 
 
 
 
 
 
 
Fair value of plan assets at January 1
 
$
249,338

 
$
279,164

 
$
—

 
$
—

Actual return on plan assets
 
12,593

 
(9,599
)
 
—

 
—

Employer contributions
 
16,742

 
15,696

 
1,732

 
2,018

Benefits paid
 
(20,959
)
 
(35,923
)
 
(1,732
)
 
(2,018
)
Fair value of plan assets at December 31
 
$
257,714

 
$
249,338

 
$
—

 
$
—

Funded status at December 31
 
$
(200,125
)
 
$
(196,290
)
 
$
(29,395
)
 
$
(31,049
)
Schedule Of Amounts Recognized In Regulatory Assets Or Other Comprehensive Income Loss [Table Text Block]


Regulatory Assets
 
Other Comprehensive Loss (Income)


Pension Benefits

Other Postretirement Benefits
 
Pension Benefits
In thousands

2016

2015
 
2014

2016

2015

2014
 
2016
 
2015
 
2014
Net actuarial loss (gain)

$
14,005


$
419

 
$
83,027


$
(1,488
)

$
2,724


$
3,454

 
$
(1,196
)
 
$
(2,549
)
 
$
7,221

Settlement Loss

—


—

 
—


—


—


—

 
193

 
—

 
—

Amortization of:

 


 
 

 



 
 
 
 

 
 
Prior service cost

(230
)

(230
)
 
(230
)

468


(197
)

(197
)
 
—

 
—

 
7

Actuarial loss

(13,238
)

(16,372
)
 
(9,823
)

(705
)

(554
)

(221
)
 
1,386

 
(2,236
)
 
(1,091
)
Total

$
537


$
(16,183
)
 
$
72,974


$
(1,725
)

$
1,973


$
3,036

 
$
383

 
$
(4,785
)
 
$
6,137

Schedule Of Defined Benefit Plan Amounts In AOCL And Regulatory Assets [Table Text Block]
 
 
Regulatory Assets
 
AOCL
 
 
Pension Benefits
 
Other Postretirement Benefits
 
Pension Benefits
In thousands
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Prior service cost (credit)
 
$
176

 
$
406

 
$
(2,675
)
 
$
(3,143
)
 
$
1

 
$
1

Net actuarial loss
 
177,660

 
176,894

 
7,874

 
10,067

 
11,434

 
11,870

Total
 
$
177,836

 
$
177,300

 
$
5,199

 
$
6,924

 
$
11,435

 
$
11,871

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
 
Year Ended December 31,
In thousands
2016
 
2015
Beginning balance
$
(7,162
)
 
$
(10,076
)
Amounts reclassified to AOCL
(1,196
)
 
2,549

Amounts reclassified from AOCL:
 
 
 
Amortization of actuarial losses
1,386

 
—

Loss from plan settlement
193

 
2,236

Total reclassifications before tax
383

 
4,785

Tax (benefit) expense
(172
)
 
(1,871
)
Total reclassifications for the period
211

 
2,914

Ending balance
$
(6,951
)
 
$
(7,162
)
Schedule of Allocation of Plan Assets [Table Text Block]
Asset Category
 Target Allocation
U.S. large cap equity
18.0
%
U.S. small/mid cap equity
10.0

Non-U.S. equity
18.0

Emerging markets equity
5.0

Long government/credit
20.0

High yield bonds
5.0

Emerging market debt
5.0

Real estate funds
7.0

Absolute return strategy
12.0

In thousands
 
December 31, 2016
Investments
 
Level 1
 
Level 2
 
Level 3
 
Non-Published NAV(1)
 
Total
U.S. large cap equity
 
$
49,841

 
$
—

 
$
—

 
$
5,655

 
$
55,496

U.S. small/mid cap equity
 
18,629

 
—

 
—

 
10,232

 
28,861

Non-U.S. equity
 
22,404

 
—

 
—

 
25,346

 
47,750

Emerging markets equity
 
—

 
—

 
—

 
13,457

 
13,457

Fixed income
 
—

 
—

 
—

 
6,719

 
6,719

Long government/credit
 
—

 
34,955

 
—

 
17,960

 
52,915

High yield bonds
 
—

 
—

 
—

 
14,072

 
14,072

Emerging market debt
 
—

 
—

 
—

 
8,504

 
8,504

Real estate
 
17,857

 
—

 
—

 
882

 
18,739

Absolute return strategy
 
—

 
—

 
—

 
3,111

 
3,111

Cash and cash equivalents
 
9

 
—

 
—

 
2,482

 
2,491

Total investments
 
$
108,740

 
$
34,955

 
$
—

 
$
108,420

 
$
252,115

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
Investments
 
Level 1
 
Level 2
 
Level 3
 
Non-Published NAV(1)
 
Total
U.S. large cap equity
 
$
44,528

 
$
—

 
$
—

 
$
—

 
$
44,528

U.S. small/mid cap equity
 
23,495

 
—

 
—

 
—

 
23,495

Non-U.S. equity
 
20,725

 
—

 
—

 
22,823

 
43,548

Emerging markets equity
 
—

 
—

 
—

 
11,120

 
11,120

Fixed income
 
—

 
—

 
—

 
—

 
—

Long government/credit
 
—

 
35,656

 
—

 
12,800

 
48,456

High yield bonds
 
—

 
—

 
—

 
12,298

 
12,298

Emerging market debt
 
7,746

 
—

 
—

 
—

 
7,746

Real estate
 
17,261

 
—

 
—

 
—

 
17,261

Absolute return strategy
 
—

 
—

 
—

 
36,758

 
36,758

Cash and cash equivalents
 
49

 
—

 
—

 
4,067

 
4,116

Total investments
 
$
113,804

 
$
35,656

 
$
—

 
$
99,866

 
$
249,326

 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 

 
December 31,
 
 
 

 
 

 
2016
 
 
 
2015
Receivables:
 
 
 
 
 
 
 
 
 
 
Accrued interest and dividend income
 
 

 
 

 
$
451

 
 
 
$
486

Due from broker for securities sold
 
 

 
 

 
5,170

 
 
 
88

Total receivables
 
 

 
 

 
$
5,621

 
 
 
$
574

Liabilities:
 
 

 
 

 


 
 
 


Due to broker for securities purchased
 
 

 
 

 
$
22

 
 
 
$
562

Total investment in retirement trust
 
 

 
 

 
$
257,714

 
 
 
$
249,338

Schedule of Net Benefit Costs [Table Text Block]
 
 
Pension Benefits
 
Other Postretirement Benefits
In thousands
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Service cost
 
$
7,083

 
$
8,267

 
$
7,213

 
$
391

 
$
527

 
$
483

Interest cost
 
18,399

 
18,360

 
18,198

 
1,175

 
1,179

 
1,252

Expected return on plan assets
 
(20,054
)
 
(20,676
)
 
(19,496
)
 
—

 
—

 
—

Amortization of prior service costs
 
231

 
231

 
223

 
(468
)
 
197

 
197

Amortization of net actuarial loss
 
14,624

 
18,609

 
10,914

 
705

 
554

 
221

Settlement expense
 
193

 
—

 
—

 
—

 
—

 
—

Net periodic benefit cost
 
20,476

 
24,791

 
17,052

 
1,803

 
2,457

 
2,153

Amount allocated to construction
 
(5,746
)
 
(6,834
)
 
(4,625
)
 
(600
)
 
(808
)
 
(702
)
Amount deferred to regulatory balancing account(1)
 
(6,252
)
 
(8,241
)
 
(4,578
)
 
—

 
—

 
—

Net amount charged to expense
 
$
8,478

 
$
9,716

 
$
7,849

 
$
1,203

 
$
1,649

 
$
1,451

Sensitivity Analysis Of Retirement Benefit Costs and Benefit Obligations [Table Text Block]
 
 
Pension Benefits
 
Other Postretirement Benefits
 
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Assumptions for net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average discount rate
 
4.17
%
 
3.82
%
 
4.71
%
 
4.00
%
 
3.74
%
 
4.45
%
Rate of increase in compensation
 
3.25-4.5%

 
3.25-5.0%

 
3.25-5.0%

 
n/a

 
n/a

 
n/a

Expected long-term rate of return
 
7.50
%
 
7.50
%
 
7.50
%
 
n/a

 
n/a

 
n/a

Assumptions for year-end funded status:
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average discount rate
 
4.00
%
 
4.21
%
 
3.85
%
 
3.85
%
 
4.00
%
 
3.74
%
Rate of increase in compensation
 
3.25-4.5%

 
3.25-4.5%

 
3.25-5.0%

 
n/a

 
n/a

 
n/a

Expected long-term rate of return
 
7.50
%
 
7.50
%
 
7.50
%
 
n/a

 
n/a

 
n/a

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]
In thousands
 
1% Increase
 
1% Decrease
Effect on net periodic postretirement health care benefit cost
 
$
51

 
$
(45
)
Effect on the accumulated postretirement benefit obligation
 
644

 
(577
)
Defined Benefit Plan Estimated Future Employer Contributions Benefit Payments and Estimated Future Payments [Table Text Block]
In thousands
 
Pension Benefits
 
Other Benefits
Employer Contributions:
 
 
 
 
2015
 
$
15,696

 
$
2,018

2016
 
16,742

 
1,732

2017 (estimated)
 
21,380

 
1,876

Benefit Payments:
 
 

 
 

2014
 
19,932

 
1,871

2015
 
35,923

 
2,018

2016
 
20,959

 
1,732

Estimated Future Benefit Payments:
 
 

2017
 
22,171

 
1,876

2018
 
23,088

 
1,893

2019
 
23,953

 
1,977

2020
 
24,782

 
2,020

2021
 
25,690

 
2,054

2022-2026
 
136,699

 
10,189