Derivatives And Hedging (Tables)

6 Months Ended

Jun. 30, 2024

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 June 30,		As of December 31,
Commodity	Unit of Measure	2024		2023
Natural gas	MMBTU		122,260,000		111,070,000
Purchased power - financial transmission rights	MWh		10,001,700		9,382,175

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 June 30,		As of December 31,
	Balance Sheet Location	2024		2023
		(in thousands)
Derivatives in an asset position:
Natural gas futures contracts	Other assets	$	805	$	441
Financial transmission rights	Other assets		6,499		—
Total Derivatives in an asset position		$	7,304	$	441
Derivatives in a liability position:
Natural gas futures contracts	Other liabilities	$	51,890	$	76,000
Financial transmission rights	Other liabilities		—		1,001
Total Derivatives in a liability position		$	51,890	$	77,001

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

The Effect of Derivative Instruments on the Condensed Consolidated Statements of Revenues, Expenses, and Patronage Capital for the Three and Six Months Ended June 30, 2024 and 2023

	Amount of Gain						Location of	Amount of Gain (Loss) Reclassified from
	(Loss) Recognized						Gain (Loss)	Regulatory Asset/Liability
	in Regulatory						Reclassified	into Income for the
Derivatives	Asset/Liability for						from Regulatory	Three Months						Six Months
Accounted for Utilizing	Derivatives as of						Asset/Liability	Ended						Ended
Regulatory Accounting	June 30,						into Income	June 30,						June 30,
	2024			2023				2024			2023			2024			2023
	(in thousands)							(in thousands)
Natural gas futures contracts	$	(53,915	)	$	(40,799	)	Fuel	$	(11,851	)	$	(8,550	)	$	(34,335	)	$	(42,137	)
Purchased power		6,499			(1,611	)	Purchased power		(4,186	)		(7,784	)		(12,036	)		(17,475	)
Total	$	(47,416	)	$	(42,410	)		$	(16,037	)	$	(16,334	)	$	(46,371	)	$	(59,612	)