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Fair Value (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis
Fair Value Measurements at Reporting Date Using
December 31, 2024Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable Inputs
(Level 3)
(dollars in thousands)
Nuclear decommissioning trust funds:
Domestic equity$245,313 $245,313 $— $— 
Corporate bonds and debt$82,316 — 82,309 
US Treasury securities$53,806 53,806 — — 
Mortgage backed securities$70,193 — 70,193 — 
Domestic mutual funds$95,175 95,175 — — 
Municipal bonds$3,375 — 3,375 — 
Federal agency securities$8,487 — 8,487 — 
Non-US Gov't bonds & private placements$3,319 — 3,319 — 
International mutual funds$4,228 — 4,228 — 
Money market
$138,553 138,553 — — 
Other
$16,859 16,859 — — 
Long-term investments:
Corporate bonds and debt$20,972 — 20,972 — 
US Treasury securities$25,654 25,654 — — 
Mortgage backed securities$20,232 — 20,232 — 
Domestic mutual funds$394,595 394,595 — — 
Treasury STRIPS$142,199 — 142,199 — 
Non-US Gov't bonds & private placements$1,805 — 1,805 — 
International mutual funds$39,340 — 39,340 — 
Other
$369 369 — — 
Short-term investments: Treasury STRIPS$124,572 — 124,572 — 
Natural gas swaps$28,624 — 28,624 — 
Fair Value Measurements at Reporting Date Using
December 31, 2023Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
(dollars in thousands)
Nuclear decommissioning trust funds:
Domestic equity$234,979 $234,979 $— $— 
International equity trust$134,911 — 134,911 $— 
Corporate bonds and debt$67,986 — 67,900 86 
US Treasury securities$43,917 43,917 — — 
Mortgage backed securities$58,763 — 58,763 — 
Domestic mutual funds$85,481 85,481 — — 
Municipal Bonds$303 — 303 — 
Federal agency securities$7,256 — 7,256 — 
Non-US Gov't bonds & private placements$2,717 — 2,717 — 
International mutual funds$2,012 — 2,012 — 
Other$2,914 2,914 — — 
Long-term investments:
International equity trust$43,202 — 43,202 — 
Corporate bonds and debt$14,151 — 14,151 — 
US Treasury securities$17,243 17,243 — — 
Mortgage backed securities$15,024 — 15,024 — 
Domestic mutual funds$378,387 378,387 — — 
Treasury STRIPS$220,765 — 220,765 — 
Non-US Gov't bonds & private placements$1,568 — 1,568 — 
Other$392 392 — — 
Short-term investments: Treasury STRIPS$143,931 — 143,931 — 
Natural gas swaps$13,445 — 13,445 — 
Schedule of estimated fair values of long-term debt, including current maturities
The estimated fair values of our long-term debt, including current maturities at December 31, 2024 and 2023 were as follows:
20242023
(in thousands)
Carrying
Value
Fair
Value
Carrying
Value
Fair
Value
Long-term debt$12,643,088 $10,666,727 $12,096,552 $10,638,749