Pension and Postretirement Benefits (Tables)

9 Months Ended

Sep. 30, 2024

Employee benefits

Components of Net Periodic Pension/Postretirement Benefit Cost

Pension Plans

OPEB Plan

Quarter ended September 30,

Quarter ended September 30,

(In thousands)

2024

2023

2024

2023

Personnel Cost:

 Service cost

$

-

$

-

$

32

$

48

Other operating expenses:

 Interest cost

7,558

7,886

1,421

1,520

 Expected return on plan assets

(8,594)

(8,591)

-

-

 Amortization of prior service cost/(credit)

-

-

-

-

 Amortization of net loss

4,166

5,367

(548)

(553)

Total net periodic pension cost 

$

3,130

$

4,662

$

905

$

1,015

Pension Plans

OPEB Plan

Nine months ended September 30,

Nine months ended September 30,

(In thousands)

2024

2023

2024

2023

Personnel Cost:

 Service cost

$

-

$

-

$

95

$

143

Other operating expenses:

 Interest cost

22,675

23,661

4,264

4,561

 Expected return on plan assets

(25,782)

(25,774)

-

-

 Amortization prior service cost/(credit)

-

-

-

-

 Amortization of net loss

12,498

16,099

(1,644)

(1,659)

Total net periodic pension cost

$

9,391

$

13,986

$

2,715

$

3,045

Schedule of expected benefit payments

For the nine months ended

For the year ending

(In thousands)

September 30, 2024

December 31, 2024

Pension Plans

$

171

$

228

OPEB Plan

$

5,012

$

5,744