XML 155 R13.htm IDEA: XBRL DOCUMENT
v3.20.2

Revenue Recognition (Notes) | 9 Months Ended
--- | ---
Sep. 30, 2020
Revenue from Contract with Customer [Abstract] |
Revenue from Contract with Customer [Text Block] | Revenue RecognitionWe recognize revenue when our performance obligations under contracts with customers have been satisfied, which generally occurs when our businesses have delivered or transported natural gas, electricity or propane to customers. We exclude sales taxes and other similar taxes from the transaction price. Typically, our customers pay for the goods and/or services we provide in the month following the satisfaction of our performance obligation. The revenues in the following tables exclude operating revenues from PESCO that are reflected as discontinued operations. The following table displays our revenue from continuing operations by major source based on product and service type for the three months ended September 30, 2020 and 2019:
|  | Three months ended September 30, 2020 |  | Three Months Ended September 30, 2019
(in thousands) |  | Regulated Energy |  | Unregulated Energy |  | Other and Eliminations |  | Total |  | Regulated Energy |  | Unregulated Energy |  | Other and Eliminations |  | Total
Energy distribution |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Delaware natural gas division |  | $ | 7,243 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,243 |  |  | $ | 6,953 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,953 |
Florida natural gas division |  | 7,309 |  |  | — |  |  | — |  |  | 7,309 |  |  | 6,710 |  |  | — |  |  | — |  |  | 6,710 |
FPU electric distribution |  | 29,051 |  |  | — |  |  | — |  |  | 29,051 |  |  | 24,174 |  |  | — |  |  | — |  |  | 24,174 |
FPU natural gas distribution |  | 19,935 |  |  | — |  |  | — |  |  | 19,935 |  |  | 17,908 |  |  | — |  |  | — |  |  | 17,908 |
Maryland natural gas division |  | 2,824 |  |  | — |  |  | — |  |  | 2,824 |  |  | 2,634 |  |  | — |  |  | — |  |  | 2,634 |
Sandpiper natural gas/propane operations |  | 3,290 |  |  | — |  |  | — |  |  | 3,290 |  |  | 3,673 |  |  | — |  |  | — |  |  | 3,673 |
Elkton Gas |  | 623 |  |  | — |  |  | — |  |  | 623 |  |  | — |  |  | — |  |  | — |  |  | — |
Total energy distribution |  | 70,275 |  |  | — |  |  | — |  |  | 70,275 |  |  | 62,052 |  |  | — |  |  | — |  |  | 62,052 |
Energy transmission |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aspire Energy |  | — |  |  | 3,449 |  |  | — |  |  | 3,449 |  |  | — |  |  | 4,247 |  |  | — |  |  | 4,247 |
Eastern Shore |  | 18,389 |  |  | — |  |  | — |  |  | 18,389 |  |  | 17,573 |  |  | — |  |  | — |  |  | 17,573 |
Peninsula Pipeline |  | 6,433 |  |  | — |  |  | — |  |  | 6,433 |  |  | 4,442 |  |  | — |  |  | — |  |  | 4,442 |
Total energy transmission |  | 24,822 |  |  | 3,449 |  |  | — |  |  | 28,271 |  |  | 22,015 |  |  | 4,247 |  |  | — |  |  | 26,262 |
Energy generation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Eight Flags |  | — |  |  | 3,882 |  |  | — |  |  | 3,882 |  |  | — |  |  | 4,027 |  |  | — |  |  | 4,027 |
Propane operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Propane delivery operations |  | — |  |  | 13,710 |  |  | — |  |  | 13,710 |  |  | — |  |  | 14,200 |  |  | — |  |  | 14,200 |
Energy delivery services |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marlin Gas Services |  | — |  |  | 1,708 |  |  | — |  |  | 1,708 |  |  | — |  |  | 1,059 |  |  | — |  |  | 1,059 |
Other and eliminations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Eliminations |  | (12,335) |  |  | (35) |  |  | (4,188) |  |  | (16,558) |  |  | (9,487) |  |  | (1,253) |  |  | (4,367) |  |  | (15,107) |
Other |  | — |  |  | — |  |  | 131 |  |  | 131 |  |  | — |  |  | — |  |  | 133 |  |  | 133 |
Total other and eliminations |  | (12,335) |  |  | (35) |  |  | (4,057) |  |  | (16,427) |  |  | (9,487) |  |  | (1,253) |  |  | (4,234) |  |  | (14,974) |
Total operating revenues (1) |  | $ | 82,762 |  |  | $ | 22,714 |  |  | $ | (4,057) |  |  | $ | 101,419 |  |  | $ | 74,580 |  |  | $ | 22,280 |  |  | $ | (4,234) |  |  | $ | 92,626 |
(1) Total operating revenues for the three months ended September 30, 2020, include other revenue (revenues from sources other than contracts with customers) of $0.2 million and $0.05 million for our Regulated and Unregulated Energy segments, respectively, and $0.1 million and $0.1 million for our Regulated and Unregulated Energy segments, respectively, for the three months ended September 30, 2019. The sources of other revenues include revenue from alternative revenue programs related to revenue normalization for the Maryland division and Sandpiper and late fees. The following table displays our revenue from continuing operations by major source based on product and service type for the nine months ended September 30, 2020 and 2019:
|  | Nine months ended September 30, 2020 |  | Nine months ended September 30, 2019
(in thousands) |  | Regulated Energy |  | Unregulated Energy |  | Other and Eliminations |  | Total |  | Regulated Energy |  | Unregulated Energy |  | Other and Eliminations |  | Total
Energy distribution |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Delaware natural gas division |  | $ | 45,568 |  |  | $ | — |  |  | $ | — |  |  | $ | 45,568 |  |  | $ | 42,758 |  |  | $ | — |  |  | $ | — |  |  | $ | 42,758 |
Florida natural gas division |  | 23,018 |  |  | — |  |  | — |  |  | 23,018 |  |  | 21,625 |  |  | — |  |  | — |  |  | 21,625 |
FPU electric distribution |  | 58,972 |  |  | — |  |  | — |  |  | 58,972 |  |  | 59,016 |  |  | — |  |  | — |  |  | 59,016 |
FPU natural gas distribution |  | 64,877 |  |  | — |  |  | — |  |  | 64,877 |  |  | 60,357 |  |  | — |  |  | — |  |  | 60,357 |
Maryland natural gas division |  | 15,941 |  |  | — |  |  | — |  |  | 15,941 |  |  | 15,867 |  |  | — |  |  | — |  |  | 15,867 |
Sandpiper natural gas/propane operations |  | 12,440 |  |  | — |  |  | — |  |  | 12,440 |  |  | 14,237 |  |  | — |  |  | — |  |  | 14,237 |
Elkton Gas |  | 623 |  |  | — |  |  | — |  |  | 623 |  |  | — |  |  | — |  |  | — |  |  | — |
Total energy distribution |  | 221,439 |  |  | — |  |  | — |  |  | 221,439 |  |  | 213,860 |  |  | — |  |  | — |  |  | 213,860 |
Energy transmission |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aspire Energy |  | — |  |  | 17,784 |  |  | — |  |  | 17,784 |  |  | — |  |  | 23,139 |  |  | — |  |  | 23,139 |
Eastern Shore |  | 55,944 |  |  | — |  |  | — |  |  | 55,944 |  |  | 54,368 |  |  | — |  |  | — |  |  | 54,368 |
Peninsula Pipeline |  | 16,618 |  |  | — |  |  | — |  |  | 16,618 |  |  | 11,573 |  |  | — |  |  | — |  |  | 11,573 |
Total energy transmission |  | 72,562 |  |  | 17,784 |  |  | — |  |  | 90,346 |  |  | 65,941 |  |  | 23,139 |  |  | — |  |  | 89,080 |
Energy generation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Eight Flags |  | — |  |  | 11,898 |  |  | — |  |  | 11,898 |  |  | — |  |  | 12,405 |  |  | — |  |  | 12,405 |
Propane operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Propane delivery operations |  | — |  |  | 69,593 |  |  | — |  |  | 69,593 |  |  | — |  |  | 78,217 |  |  | — |  |  | 78,217 |
Energy delivery services |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marlin Gas Services |  | — |  |  | 5,266 |  |  | — |  |  | 5,266 |  |  | — |  |  | 4,601 |  |  | — |  |  | 4,601 |
Other and eliminations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Eliminations |  | (34,766) |  |  | (75) |  |  | (12,937) |  |  | (47,778) |  |  | (28,200) |  |  | (9,377) |  |  | (13,351) |  |  | (50,928) |
Other |  | — |  |  | — |  |  | 396 |  |  | 396 |  |  | — |  |  | — |  |  | 395 |  |  | 395 |
Total other and eliminations |  | (34,766) |  |  | (75) |  |  | (12,541) |  |  | (47,382) |  |  | (28,200) |  |  | (9,377) |  |  | (12,956) |  |  | (50,533) |
Total operating revenues (1) |  | $ | 259,235 |  |  | $ | 104,466 |  |  | $ | (12,541) |  |  | $ | 351,160 |  |  | $ | 251,601 |  |  | $ | 108,985 |  |  | $ | (12,956) |  |  | $ | 347,630 |
(1) Total operating revenues for the nine months ended September 30, 2020, include other revenue (revenues from sources other than contracts with customers) of $1.0 million and $0.2 million for our Regulated and Unregulated Energy segments, respectively, and $(0.1) million and $0.3 million for our Regulated and Unregulated Energy segments, respectively, for the nine months ended September 30, 2019. The sources of other revenues include revenue from alternative revenue programs related to revenue normalization for the Maryland division and Sandpiper and late fees. Contract balances The timing of revenue recognition, customer billings and cash collections results in trade receivables, unbilled receivables (contract assets), and customer advances (contract liabilities) in our condensed consolidated balance sheets. The balances of our trade receivables, contract assets, and contract liabilities as of September 30, 2020 and December 31, 2019 were as follows:
|  | Trade Receivables |  | Contract Assets (Current) |  | Contract Assets (Non-current) |  | Contract Liabilities (Current)
(in thousands) |  |  |  |  |  |  |  |
Balance at 12/31/2019 |  | $ | 47,430 |  |  | $ | 18 |  |  | $ | 3,465 |  |  | $ | 589 |
Balance at 9/30/2020 |  | 37,190 |  |  | 18 |  |  | 4,537 |  |  | 971 |
Increase (decrease) |  | $ | (10,240) |  |  | $ | — |  |  | $ | 1,072 |  |  | $ | 382 |
Our trade receivables are included in trade and other receivables in the condensed consolidated balance sheets. Our current contract assets are included in other current assets in the condensed consolidated balance sheet. Our non-current contract assets are included in other assets in the condensed consolidated balance sheet and primarily relate to operations and maintenance costs incurred by Eight Flags that have not yet been recovered through rates for the sale of electricity to our electric distribution operation pursuant to a long-term service agreement. At times, we receive advances or deposits from our customers before we satisfy our performance obligation, resulting in contract liabilities. Contract liabilities are included in other accrued liabilities in the condensed consolidated balance sheets and relate to non-refundable prepaid fixed fees for our Mid-Atlantic propane delivery operation's retail offerings. Our performance obligation is satisfied over the term of the respective retail offering plan on a ratable basis. For each of the three months ended September 30, 2020 and 2019, we recognized revenue of $0.2 million. For the nine months ended September 30, 2020 and 2019, we recognized revenue of $0.8 million and $0.7 million, respectively. Remaining performance obligations Our businesses have long-term fixed fee contracts with customers in which revenues are recognized when performance obligations are satisfied over the contract term. Revenue for these businesses for the remaining performance obligations, at September 30, 2020, are expected to be recognized as follows:
(in thousands) | 2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 and thereafter
Eastern Shore and Peninsula Pipeline | $ | 9,115 |  |  | $ | 34,541 |  |  | $ | 27,047 |  |  | $ | 21,664 |  |  | $ | 19,587 |  |  | $ | 18,736 |  |  | $ | 174,774 |
Natural gas distribution operations | 970 |  |  | 4,351 |  |  | 5,394 |  |  | 4,937 |  |  | 4,705 |  |  | 4,172 |  |  | 32,996 |
FPU electric distribution | 141 |  |  | 566 |  |  | 566 |  |  | 566 |  |  | 566 |  |  | 275 |  |  | 825 |
Total revenue contracts with remaining performance obligations | $ | 10,226 |  |  | $ | 39,458 |  |  | $ | 33,007 |  |  | $ | 27,167 |  |  | $ | 24,858 |  |  | $ | 23,183 |  |  | $ | 208,595 |

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration