Derivatives And Hedging (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule Of Outstanding Derivative Instruments

Outstanding derivative instruments, excluding contracts accounted for as normal purchase/normal sale, were as follows:

		Quantity
		As of December 31,		As of December 31,
Commodity	Unit of Measure	2023		2022
Natural gas	MMBTU		111,070,000		91,770,000
Purchased power - financial transmission rights	MWh		9,382,175		8,450,239

Schedule Of Fair Value Of Derivative Instruments

The fair value of our derivative instruments, excluding contracts accounted for as normal purchase/normal sale, was as follows:

		Fair Value
		As of December 31,		As of December 31,
	Balance Sheet Location	2023		2022
		(in thousands)
Derivatives in an asset position:
Natural gas futures contracts	Other assets	$	441	$	48,612
Financial transmission rights	Other assets		—		11,290
Total derivatives in an asset position		$	441	$	59,902
Derivatives in a liability position:
Natural gas futures contracts	Other liabilities	$	76,000	$	8,721
Financial transmission rights	Other liabilities		1,001		—
Total derivatives in a liability position		$	77,001	$	8,721

Schedule Of Derivative Instruments On The Statement Of Revenues, Expenses, And Patronage Capital

The Effect of Derivative Instruments on the Consolidated Statements of Revenues, Expenses, and Patronage Capital for the Years Ended December 31, 2023 and 2022

							Amount of Gain
	Amount of Gain					Location of	(Loss) Reclassified
	(Loss) Recognized					Gain (Loss)	from Regulatory
	in Regulatory					Reclassified	Asset/Liability
	Asset/Liability for					from Regulatory	into Income for
Derivatives Accounted for	Derivatives as of					Asset/Liability	the Year
Utilizing Regulatory Accounting	December 31,					into Income	Ended December 31,
	2023			2022			2023			2022
	(in thousands)						(in thousands)
Natural gas futures contracts	$	(78,990	)	$	37,448	Fuel	$	(68,613	)	$	123,256
Purchased power		(1,001	)		11,290	Purchased Power		(11,877	)		20,901
Total	$	(79,991	)	$	48,738		$	(80,490	)	$	144,157