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Investments (Tables)
 6 Months Ended
Jun. 30, 2024
Investments [Abstract]  
Schedule Of Investments

Investments were as follows as of June 30, 2024 and December 31, 2023:

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

Carrying

 

Description

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

 

Value

 

 

 

(in thousands)

 

June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nuclear decommissioning trust (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt securities

 

$

106,177

 

 

$

—

 

 

$

(14,103

)

 

$

92,074

 

 

$

92,074

 

Equity securities

 

 

94,194

 

 

 

98,399

 

 

 

(4,916

)

 

 

187,677

 

 

 

187,677

 

Cash and other

 

 

165

 

 

 

—

 

 

 

—

 

 

 

165

 

 

 

165

 

Total Nuclear decommissioning trust

 

$

200,536

 

 

$

98,399

 

 

$

(19,019

)

 

$

279,916

 

 

$

279,916

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities

 

$

81

 

 

$

22

 

 

$

—

 

 

$

103

 

 

$

103

 

Non-marketable equity investments

 

 

2,177

 

 

 

2,192

 

 

 

—

 

 

 

4,369

 

 

 

2,177

 

Total Other

 

$

2,258

 

 

$

2,214

 

 

$

—

 

 

$

4,472

 

 

$

2,280

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

282,196

 

December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nuclear decommissioning trust (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt securities

 

$

89,587

 

 

$

—

 

 

$

(11,626

)

 

$

77,961

 

 

$

77,961

 

Equity securities

 

 

97,056

 

 

 

90,539

 

 

 

(5,231

)

 

 

182,364

 

 

 

182,364

 

Cash and other

 

 

282

 

 

 

—

 

 

 

—

 

 

 

282

 

 

 

282

 

Total Nuclear decommissioning trust

 

$

186,925

 

 

$

90,539

 

 

$

(16,857

)

 

$

260,607

 

 

$

260,607

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities

 

$

125

 

 

$

12

 

 

$

—

 

 

$

137

 

 

$

137

 

Non-marketable equity investments

 

 

2,177

 

 

 

2,262

 

 

 

—

 

 

 

4,439

 

 

 

2,177

 

Total Other

 

$

2,302

 

 

$

2,274

 

 

$

—

 

 

$

4,576

 

 

$

2,314

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

262,921

 

(1)
Investments in the nuclear decommissioning trust are restricted for the use of funding our share of the asset retirement obligations of the future decommissioning of North Anna. See Note 3 of the Notes to Consolidated Financial Statements in our 2023 Annual Report on Form 10-K. Unrealized gains and losses on investments held in the nuclear decommissioning trust are deferred as a regulatory liability or regulatory asset, respectively.
Schedule Of Contractual Maturities Of Debt Securities

Contractual maturities of debt securities as of June 30, 2024, were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Description

 

Less than
1 year

 

 

1-5 years

 

 

5-10 years

 

 

More than
10 years

 

 

Total

 

 

 

(in thousands)

 

Other (1)

 

$

—

 

 

$

—

 

 

$

92,074

 

 

$

—

 

 

$

92,074

 

Total

 

$

—

 

 

$

—

 

 

$

92,074

 

 

$

—

 

 

$

92,074

 

 

(1)
The contractual maturities of other debt securities are measured using the effective duration of the bond fund within the nuclear decommissioning trust.