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Commitments:
12 Months Ended
Dec. 31, 2015
Commitments:  
Commitments:

11. Commitments:

a. Operating leases

    As of December 31, 2015, our estimated minimum rental commitments for our railcar leases for use at our coal-fired facilities over the next five years and thereafter are as follows:

                                                                                                                                                                                    

​  

​  

​  

​  

 

 

 

(dollars in thousands)

 

​  

​  

​  

​  

2016

 

$

5,318 

 

2017

 

 

5,318 

 

2018

 

 

5,318 

 

2019

 

 

2,950 

 

2020

 

 

588 

 

Thereafter

 

 

–   

 

​  

​  

​  

​  

    The rental expenses for the railcar leases are added to the cost of the fossil inventories and are recognized in fuel expense. Rental expenses totaled $4,849,000, $5,139,000 and $5,213,000 in 2015, 2014 and 2013, respectively.

b. Fuel

    To supply a portion of the fuel requirements to our generating units, Southern Nuclear on our behalf for nuclear fuel, and Georgia Power, on our behalf for coal, have entered into various long-term commitments for the procurement of coal and nuclear fuel. The contracts in most cases contain provision for price escalations, minimum and maximum purchase levels and other financial commitments. The value of the coal commitments is based on maximum coal prices and minimum volumes as provided in the contracts and does not include taxes, transportation, government impositions or railcar costs. For further discussion of total nuclear fuel expense, see Note 1h. As of December 31, 2015, our estimated minimum long-term commitments are as follows:

                                                                                                                                                                                    

​  

​  

​  

​  

​  

​  

​  

 

 

 

(dollars in thousands)

 

 

 

 

Coal

 

 

Nuclear Fuel

 

​  

 

​  

​  

 

​  

​  

2016

 

$

29,658 

 

$

55,400 

 

2017

 

 

15,342 

 

 

27,800 

 

2018

 

 

8,117 

 

 

29,200 

 

2019

 

 

–   

 

 

24,300 

 

2020

 

 

–   

 

 

21,700 

 

Thereafter

 

 

–   

 

 

60,800 

 

​  

​  

​  

​  

​  

​  

​