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Pension and postretirement benefits (Tables)
6 Months Ended
Jun. 30, 2020
Compensation And Retirement Disclosure [Abstract]  
Components of Net Periodic Pension/Postretirement Benefit Cost

 

 

 

 

 

 

 

 

 

 

 

Pension Plans

 

OPEB Plan

 

 

Quarters ended June 30,

 

Quarters ended June 30,

(In thousands)

 

2020

 

2019

 

2020

 

2019

Personnel Cost:

 

 

 

 

 

 

 

 

Service cost

$

-

$

-

$

178

$

190

Other operating expenses:

 

 

 

 

 

 

 

 

Interest cost

 

5,847

 

7,110

 

1,228

 

1,489

Expected return on plan assets

 

(9,526)

 

(8,096)

 

-

 

-

Amortization of prior service cost/(credit)

 

-

 

-

 

-

 

-

Amortization of net loss

 

5,220

 

5,876

 

142

 

-

Total net periodic pension cost

$

1,541

$

4,890

$

1,548

$

1,679

 

 

Pension Plans

 

OPEB Plan

 

 

Six months ended June 30,

 

Six months ended June 30,

(In thousands)

 

2020

 

2019

 

2020

 

2019

Personnel Cost:

 

 

 

 

 

 

 

 

Service cost

$

-

$

-

$

356

$

380

Other operating expenses:

 

 

 

 

 

 

 

 

Interest cost

 

11,694

 

14,219

 

2,456

 

2,977

Expected return on plan assets

 

(19,052)

 

(16,192)

 

-

 

-

Amortization prior service cost/(credit)

 

-

 

-

 

-

 

-

Amortization of net loss

 

10,440

 

11,752

 

284

 

-

Total net periodic pension cost

$

3,082

$

9,779

$

3,096

$

3,357

Schedule of accumulated and projected benefit obligations

 

For the six months ended

For the year ending

(In thousands)

June 30, 2020

December 31, 2020

Pension Plans

$

114

$

229

OPEB Plan

$

2,585

$

6,516