Other (Tables)

6 Months Ended

Jun. 30, 2024

Other [Abstract]

Schedule of Operating Revenue

Our operating revenues for the three and six months ended June 30, 2024 and 2023, were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(in thousands)
Operating revenues:
Member distribution cooperatives:
Formula rate:
Energy revenues	$	122,351	$	125,321	$	266,976	$	282,160
Renewable energy credits		91		90		201		173
Demand revenues		124,297		108,946		239,991		212,644
Total Formula rate revenues		246,739		234,357		507,168		494,977
Market-based rates:
Energy revenues		9,803		4,390		17,255		7,875
Demand revenues		2,689		559		3,974		1,100
Total Market-based rates revenues		12,492		4,949		21,229		8,975
Total Member distribution cooperatives revenues		259,231		239,306		528,397		503,952
Non-members:
Energy revenues (1)		2,861		12,185		4,207		23,452
Renewable energy credits		519		2,649		1,491		2,649
Total Non-members revenues		3,380		14,834		5,698		26,101
Total Operating revenues	$	262,611	$	254,140	$	534,095	$	530,053

(1)TEC did not have sales to non-members after first quarter 2023. TEC’s sales to non-members were $8.9 million for the six months ended June 30, 2023.