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Fair Value (Tables) | 9 Months Ended
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Sep. 30, 2019
Fair Value Disclosures [Abstract] |
Fair Value Inputs, Liabilities, Quantitative Information [Table Text Block] | The following table presents the quantitative information which was used to estimate the fair values of the Level 3 assets and liabilities above as of September 30, 2019 (dollars in thousands):
|  | Fair Value (Net) at |  |  |  |  |  |
|  | September 30, 2019 |  | Valuation Technique |  | Unobservable Input |  | Range
Natural gas exchange agreement |  | $ | (3,134 | ) |  | Internally derived weighted average cost of gas |  | Forward purchase prices |  | $1.29 - $1.92/mmBTU
|  |  |  | Forward sales prices |  | $1.44 - $3.65/mmBTU
|  |  |  | Purchase volumes |  | 125,000 - 310,000 mmBTUs
|  |  |  | Sales volumes |  | 60,000 - 310,000 mmBTUs
Fair Value of Assets And Liabilities Measured on Recurring Basis |
| Level 1 |  | Level 2 |  | Level 3 |  | Counterparty and Cash Collateral Netting (1) |  | Total
September 30, 2019 |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |
Energy commodity derivatives | $ | — |  |  | $ | 35,552 |  |  | $ | — |  |  | $ | (34,671 | ) |  | $ | 881 |
Level 3 energy commodity derivatives: |  |  |  |  |  |  |  |  |
Natural gas exchange agreement | — |  |  | — |  |  | 43 |  |  | (43 | ) |  | — |
Deferred compensation assets: |  |  |  |  |  |  |  |  |
Mutual Funds: |  |  |  |  |  |  |  |  |
Fixed income securities (2) | 1,818 |  |  | — |  |  | — |  |  | — |  |  | 1,818 |
Equity securities (2) | 6,591 |  |  | — |  |  | — |  |  | — |  |  | 6,591 |
Total | $ | 8,409 |  |  | $ | 35,552 |  |  | $ | 43 |  |  | $ | (34,714 | ) |  | $ | 9,290 |
Liabilities: |  |  |  |  |  |  |  |  |
Energy commodity derivatives | $ | — |  |  | $ | 39,809 |  |  | $ | — |  |  | $ | (38,176 | ) |  | $ | 1,633 |
Level 3 energy commodity derivatives: |  |  |  |  |  |  |  |  |
Natural gas exchange agreement | — |  |  | — |  |  | 3,177 |  |  | (43 | ) |  | 3,134 |
Foreign currency exchange derivatives | — |  |  | 21 |  |  | — |  |  | — |  |  | 21 |
Interest rate swap derivatives | — |  |  | 53,271 |  |  | — |  |  | (8,880 | ) |  | 44,391 |
Total | $ | — |  |  | $ | 93,101 |  |  | $ | 3,177 |  |  | $ | (47,099 | ) |  | $ | 49,179 |
| Level 1 |  | Level 2 |  | Level 3 |  | Counterparty and Cash Collateral Netting (1) |  | Total
December 31, 2018 |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |
Energy commodity derivatives | $ | — |  |  | $ | 36,252 |  |  | $ | — |  |  | $ | (35,982 | ) |  | $ | 270 |
Level 3 energy commodity derivatives: |  |  |  |  |  |  |  |  |
Natural gas exchange agreement | — |  |  | — |  |  | 31 |  |  | (31 | ) |  | — |
Interest rate swap derivatives | — |  |  | 10,566 |  |  | — |  |  | (440 | ) |  | 10,126 |
Deferred compensation assets: |  |  |  |  |  |  |  |  |
Mutual Funds: |  |  |  |  |  |  |  |  |
Fixed income securities (2) | 1,745 |  |  | — |  |  | — |  |  | — |  |  | 1,745 |
Equity securities (2) | 6,157 |  |  | — |  |  | — |  |  | — |  |  | 6,157 |
Total | $ | 7,902 |  |  | $ | 46,818 |  |  | $ | 31 |  |  | $ | (36,453 | ) |  | $ | 18,298 |
Liabilities: |  |  |  |  |  |  |  |  |
Energy commodity derivatives | $ | — |  |  | $ | 89,283 |  |  | $ | — |  |  | $ | (87,199 | ) |  | $ | 2,084 |
Level 3 energy commodity derivatives: |  |  |  |  |  |  |  |  |
Natural gas exchange agreement | — |  |  | — |  |  | 2,805 |  |  | (31 | ) |  | 2,774 |
Power exchange agreement | — |  |  | — |  |  | 2,488 |  |  | — |  |  | 2,488 |
Power option agreement | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Foreign currency exchange derivatives | — |  |  | 45 |  |  | — |  |  | — |  |  | 45 |
Interest rate swap derivatives | — |  |  | 7,831 |  |  | — |  |  | (970 | ) |  | 6,861 |
Total | $ | — |  |  | $ | 97,159 |  |  | $ | 5,294 |  |  | $ | (88,200 | ) |  | $ | 14,253 |
(1) | The Company is permitted to net derivative assets and derivative liabilities with the same counterparty when a legally enforceable master netting agreement exists. In addition, the Company nets derivative assets and derivative liabilities against any payables and receivables for cash collateral held or placed with these same counterparties.
(2) These assets are included in other property and investments-net and other non-current assets on the Condensed Consolidated Balance Sheets.
Reconciliation for All Assets Measured At Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) |
| Natural Gas Exchange Agreement |  | Power Exchange Agreement |  | Total
Three months ended September 30, 2019: |  |  |  |  |
Balance as of July 1, 2019 | $ | (2,992 | ) |  | $ | — |  |  | $ | (2,992 | )
Total gains or (losses) (realized/unrealized): |  |  |  |  |
Included in regulatory assets/liabilities (1) | (133 | ) |  | — |  |  | (133 | )
Settlements | (9 | ) |  | — |  |  | (9 | )
Ending balance as of September 30, 2019 (2) | $ | (3,134 | ) |  | $ | — |  |  | $ | (3,134 | )
| Natural Gas Exchange Agreement |  | Power Exchange Agreement |  | Total
Three months ended September 30, 2018: |  |  |  |  |
Balance as of July 1, 2018 | $ | (3,480 | ) |  | $ | (6,345 | ) |  | $ | (9,825 | )
Total gains or (losses) (realized/unrealized): |  |  |  |  |
Included in regulatory assets/liabilities (1) | 476 |  |  | 436 |  |  | 912 |
Settlements | — |  |  | — |  |  | — |
Ending balance as of September 30, 2018 (2) | $ | (3,004 | ) |  | $ | (5,909 | ) |  | $ | (8,913 | )
Nine months ended September 30, 2019: |  |  |  |  |
Balance as of January 1, 2019 | $ | (2,774 | ) |  | $ | (2,488 | ) |  | $ | (5,262 | )
Total gains or (losses) (realized/unrealized): |  |  |  |  |
Included in regulatory assets/liabilities (1) | 8,015 |  |  | 436 |  |  | 8,451 |
Settlements | (8,375 | ) |  | 2,052 |  |  | (6,323 | )
Ending balance as of September 30, 2019 (2) | $ | (3,134 | ) |  | $ | — |  |  | $ | (3,134 | )
Nine months ended September 30, 2018: |  |  |  |  |
Balance as of January 1, 2018 | $ | (3,164 | ) |  | $ | (13,245 | ) |  | $ | (16,409 | )
Total gains or (losses) (realized/unrealized): |  |  |  |  |
Included in regulatory assets/liabilities (1) | (89 | ) |  | 1,156 |  |  | 1,067 |
Settlements | 249 |  |  | 6,180 |  |  | 6,429 |
Ending balance as of September 30, 2018 (2) | $ | (3,004 | ) |  | $ | (5,909 | ) |  | $ | (8,913 | )
(1) | All gains and losses are included in other regulatory assets and liabilities. There were no gains and losses included in either net income or other comprehensive income during any of the periods presented in the table above.
(2) There were no purchases, issuances or transfers from other categories of any derivatives instruments during the periods presented in the table above.
Carrying Value and Estimated Fair Value of Financial Instruments | The following table sets forth the carrying value and estimated fair value of the Company’s financial instruments not reported at estimated fair value on the Condensed Consolidated Balance Sheets as of September 30, 2019 and December 31, 2018 (dollars in thousands):
| September 30, 2019 |  | December 31, 2018
| Carrying Value |  | Estimated Fair Value |  | Carrying Value |  | Estimated Fair Value
Long-term debt (Level 2) | $ | 1,053,500 |  |  | $ | 1,244,252 |  |  | $ | 1,053,500 |  |  | $ | 1,142,292 |
Long-term debt (Level 3) | 767,000 |  |  | 855,530 |  |  | 767,000 |  |  | 734,742 |
Snettisham finance lease obligation (Level 3) | 55,215 |  |  | 58,900 |  |  | 57,210 |  |  | 55,600 |
Long-term debt to affiliated trusts (Level 3) | 51,547 |  |  | 40,207 |  |  | 51,547 |  |  | 38,145 |

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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258 + Details
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