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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value Hierarchy, Measured on Recurring Basis

The following tables set forth, by level within the fair value hierarchy, our gross assets and gross liabilities and related offsetting of cash collateral and contractual netting rights as permitted by GAAP that were accounted for at fair value on a recurring basis for derivative instruments.

			As of June 30, 2022
			Level 1			Level 2			Level 3						Cash Collateral and Counterparty Netting (a)			Total
			(in thousands)
Assets:
Commodity derivatives — Gas Utilities			$	—		$	2,700		$	—					$	(806)		$	1,894
Total			$	—		$	2,700		$	—					$	(806)		$	1,894
Liabilities:
Commodity derivatives — Gas Utilities			$	—		$	5,524		$	—					$	(805)		$	4,719
Total			$	—		$	5,524		$	—					$	(805)		$	4,719

__________

(a)    As of June 30, 2022, $0.8 million of our commodity derivative assets and $0.8 million of our commodity liabilities, as well as related gross collateral amounts, were subject to master netting agreements.

			As of December 31, 2021
			Level 1			Level 2			Level 3						Cash Collateral and Counterparty Netting (a)			Total
			(in thousands)
Assets:
Commodity derivatives — Gas Utilities			$	—		$	7,569		$	—					$	(2,374)		$	5,195
Total			$	—		$	7,569		$	—					$	(2,374)		$	5,195
Liabilities:
Commodity derivatives — Gas Utilities			$	—		$	3,273		$	—					$	(1,814)		$	1,459
Total			$	—		$	3,273		$	—					$	(1,814)		$	1,459

__________

(a)    As of December 31, 2021, $2.4 million of our commodity derivative assets and $1.8 million of our commodity derivative liabilities, as well as related gross collateral amounts, were subject to master netting agreements.

Fair Value, by Balance Sheet Grouping

The following table presents the carrying amounts and fair values of financial instruments not recorded at fair value on the Condensed Consolidated Balance Sheets (in thousands) as of:

			June 30, 2022									December 31, 2021
			Carrying Amount			Fair Value						Carrying Amount			Fair Value
Long-term debt, including current maturities (a)			$	4,129,662		$	3,917,015					$	4,126,923		$	4,570,619

__________

(a)    Long-term debt is valued based on observable inputs available either directly or indirectly for similar liabilities in active markets and therefore is classified in Level 2 in the fair value hierarchy. Carrying amount of long-term debt is net of deferred financing costs.

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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