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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Inventories

Inventories consist of the following as of December 31, 2023 and 2022:

(in thousands)			2023						2022
Finished Goods			$	47,614					$	43,812
Work in Process			26,354						31,766
Raw Material, Fuel and Supplies			75,733						70,374
Total Inventories			$	149,701					$	145,952

Schedule of Investments

The following is a summary of our investments at December 31, 2023 and 2022:

(in thousands)			2023						2022
Corporate-Owned Life Insurance Policies			$	42,287					$	38,991
Corporate and Government Debt Securities			9,303						8,761
Mutual Funds			7,771						5,503
Money Market Funds			3,125						1,560
Other Investments			30						30
Total Investments			$	62,516					$	54,845

Schedule of Estimated Service Lives for Rate-Regulated and Nonelectric Assets

The estimated service lives for rate-regulated electric assets and nonelectric assets are included below:

			Service Life Range
(years)			Low						High
Electric Assets:
Production Plant			21						114
Transmission Plant			51						75
Distribution Plant			10						70
General Plant			5						56
Nonelectric Assets:
Equipment			2						20
Buildings and Leasehold Improvements			2						40

Schedule of Capitalized Cost and Related Accumulated Amortization

Below are the amounts of capitalized cost and related accumulated amortization as of December 31, 2023 and 2022:

(in thousands)			2023						2022
Cloud Computing Costs			$	12,782					$	9,024
Accumulated Amortization			$	(1,505)					$	(897)
Cloud Computing Costs, net			$	11,277					$	8,127

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