Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

The following table presents changes in the fair value of the Level 3 derivatives for the three and six months ended June 30, 2023 and 2022. The change in fair value was due to the change in market energy prices during the three and six months ended June 30, 2023 and 2022.

	For The Three Months Ended   June 30,				For The Six Months Ended   June 30,
(dollars in thousands)	2023		2022		2023		2022
Fair value at beginning of the period	$	6,669	$	7,020	$	11,847	$	4,441
Unrealized (losses) gains on purchased power contracts	(2,012)		1,094		(7,190)		3,673
Fair value at end of the period	$	4,657	$	8,114	$	4,657	$	8,114