Derivatives And Hedging (Tables)

12 Months Ended

Dec. 31, 2021

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	2021		2020
Natural gas	MMBTU		58,640,000		55,630,000
Purchased power - financial transmission rights	MWh		9,156,789		6,922,373

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	2021		2020
		(in thousands)
Derivatives in an asset position:
Natural gas futures contracts	Other assets	$	35,783	$	2,062
Financial transmission rights	Other assets		15,010		1,416
Total derivatives in an asset position		$	50,793	$	3,478
Derivatives in a liability position:
Natural gas futures contracts	Other liabilities	$	4,291	$	6,406
Total derivatives in a liability position		$	4,291	$	6,406

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, 2021 and 2020  

							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,
	2021		2020				2021		2020
	(in thousands)						(in thousands)
Natural gas futures contracts	$	34,703	$	(5,043	)	Fuel	$	26,758	$	(37,242	)
Purchased power		15,010		1,416		Purchased Power		9,463		(261	)
Total	$	49,713	$	(3,627	)		$	36,221	$	(37,503	)