Financial Instruments & Related Fair Value (Tables)

9 Months Ended

Jul. 31, 2014

Financial Instruments And Related Fair Value [Abstract]

Assets And Liabilities Measured And Recorded At Fair Value On Recurring Basis

The following table sets forth, by level of the fair value hierarchy, our financial assets that were accounted for at fair value on a recurring basis as of July 31, 2014 and October 31, 2013.

Recurring Fair Measurements as of July 31, 2014
In thousands	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Effects of Netting and Cash Collateral Receivables / Payables		Total Carrying Value
Assets:
Derivatives held for utility operations	$	1,023	$	—	$	—	$	—	$	1,023
Debt and equity securities held as trading securities:
Money markets	474		—		—		—		474
Mutual funds	3,476		—		—		—		3,476
Total fair value assets	$	4,973	$	—	$	—	$	—	$	4,973

Recurring Fair Measurements as of October 31, 2013
In thousands	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Effects of Netting and Cash Collateral Receivables / Payables		Total Carrying Value
Assets:
Derivatives held for utility operations	$	1,834	$	—	$	—	$	—	$	1,834
Debt and equity securities held as trading securities:
Money markets	380		—		—		—		380
Mutual funds	2,814		—		—		—		2,814
Total fair value assets	$	5,028	$	—	$	—	$	—	$	5,028

Fair Value By Balance Sheet Grouping

The carrying amount and fair value of our long-term debt, including the current portion, which is classified within Level 2, are shown below.

In thousands	Carrying Amount *		Fair Value
As of July 31, 2014	$	1,175,000	$	1,327,019
As of October 31, 2013	1,275,000		1,409,892

* Excludes discount on issuance of notes of $139 and $143 as of July 31, 2014 and October 31, 2013, respectively.

The following table presents the fair value and balance sheet classification of our financial options for natural gas as of July 31, 2014 and October 31, 2013.

Fair Value of Derivative Instruments
	July 31,		October 31,
In thousands	2014		2013
Derivatives Not Designated as Hedging Instruments under Derivative Accounting Standards:
Asset Financial Instruments:
Current Assets – Gas purchase derivative assets (September 2014-July 2015)	$	1,023
Current Assets – Gas purchase derivative assets (December 2013-October 2014)			$	1,834

Amount Of Gain Loss Recognized On Derivatives And Deferred Under PGA Procedures

The following table presents the impact that financial instruments not designated as hedging instruments under derivative accounting standards would have had on the Condensed Consolidated Statements of Operations and Comprehensive Income for the three months and nine months ended July 31, 2014 and 2013, absent the regulatory treatment under our approved PGA procedures.

In thousands	Amount of Gain (Loss) Recognized on Derivatives and Deferred  Under PGA Procedures											Location of Gain (Loss) Recognized through PGA Procedures
	Three Months Ended   July 31						Nine Months Ended   July 31
	2014			2013			2014		2013
Gas purchase options	$	(515	)	$	(829	)	$	7,311	$	(5,120	)	Cost of Gas