Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2024

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 nine months ended September 30, 2024 and 2023. The change in fair value was due to the change in market energy prices during the three and nine months ended September 30, 2024 and 2023.

	For The Three Months Ended   September 30,				For The Nine Months Ended   September 30,
(dollars in thousands)	2024		2023		2024		2023
Fair value at beginning of the period	$	(5,593)	$	4,657	$	(2,360)	$	11,847
Unrealized (losses) gains on purchase power contracts	(2,727)		(3,132)		(5,960)		(10,322)
Fair value at end of the period	$	(8,320)	$	1,525	$	(8,320)	$	1,525