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Debt (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of maturities for long-term debt and finance lease obligations
Maturities for long-term debt and finance lease obligations through 2029 are as follows:
(dollars in thousands)
20252026202720282029
FFB$285,536 $273,477 $249,492 $292,985 $340,149 
FMBs62,500 62,500 62,500 62,500 62,500 
PCRBs(1)
40,530 — — — — 
$388,566 $335,977 $311,992 $355,485 $402,649 
Finance Leases10,413 11,595 12,912 2,153 2,397 
Total$398,979 $347,572 $324,904 $357,638 $405,046 
______________
(1)Represents amounts that would be due in the current year upon optional tender by holders of the Series 2013A Appling bonds. These bonds have a provision that holders of the bonds may tender the bonds for purchase at any time upon at least seven days notice, and we are obligated to pay the purchase price of the bonds tendered for purchase and not remarketed. These Series 2013A Appling bonds, totaling $40,530,000, have a nominal maturity in 2038. There are no scheduled debt maturities for the PCRBs through 2029.
Schedule of long-term debt outstanding and the associated unamortized debt issuance costs and debt discounts
Long-term debt outstanding, excluding commercial paper reclassified to long-term debt, and the associated unamortized debt issuance costs and debt discounts at December 31, 2024 and December 31, 2023 are as follows:
20242023
PrincipalUnamortized Debt
Issuance Costs
and
Debt Discounts
PrincipalUnamortized Debt
Issuance Costs
and
Debt Discounts
(dollars in thousands)
FFB$6,846,935 $48,947 $6,841,352 $51,083 
FMBs4,837,500 63,373 4,551,010 60,987 
PCRBs704,190 8,008 704,190 8,490 
$12,388,625 $120,328 $12,096,552 $120,560