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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2024
Accounting Policies [Abstract] |
Disaggregation of Revenue | The following table disaggregates the Company’s operating revenue by source for the three and six months ended June 30, 2024 and 2023:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Revenue from contracts with customers | $ | 226,665 |  |  | $ | 194,206 |  |  | $ | 381,566 |  |  | $ | 339,431 |
Regulatory balancing account revenue | 17,634 |  |  | (162) |  |  | 133,482 |  |  | (14,287) |
Total operating revenue | $ | 244,299 |  |  | $ | 194,044 |  |  | $ | 515,048 |  |  | $ | 325,144 |
In the following table, revenue from contracts with customers is disaggregated by class of customers for the three and six months ended June 30, 2024 and 2023:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Residential | $ | 122,251 |  |  | $ | 108,741 |  |  | $ | 214,744 |  |  | $ | 192,775 |
Business | 41,906 |  |  | 37,846 |  |  | 76,455 |  |  | 69,820 |
Multiple residential | 18,043 |  |  | 16,504 |  |  | 34,912 |  |  | 31,501 |
Industrial | 7,119 |  |  | 5,874 |  |  | 13,759 |  |  | 11,508 |
Public authorities | 10,918 |  |  | 8,991 |  |  | 17,880 |  |  | 15,416 |
Other (a) | 26,428 |  |  | 16,250 |  |  | 23,816 |  |  | 18,411 |
Total revenue from contracts with customers | $ | 226,665 |  |  | $ | 194,206 |  |  | $ | 381,566 |  |  | $ | 339,431 |
(a) Other includes accrued unbilled revenue The following table disaggregates the Company’s non-regulated revenue by source for the three and six months ended June 30, 2024 and 2023:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Operating and maintenance revenue | $ | 3,188 |  |  | $ | 3,075 |  |  | $ | 6,436 |  |  | $ | 6,310 |
Other non-regulated revenue | 1,720 |  |  | 800 |  |  | 2,949 |  |  | 1,582 |
Non-regulated revenue from contracts with customers | 4,908 |  |  | 3,875 |  |  | 9,385 |  |  | 7,892 |
Lease revenue | 605 |  |  | 610 |  |  | 1,226 |  |  | 1,216 |
Total non-regulated revenue | $ | 5,513 |  |  | $ | 4,485 |  |  | $ | 10,611 |  |  | $ | 9,108 |
Schedule of Allowance for Credit Losses | The following table presents the activity in the allowance for credit losses for the six months ended June 30, 2024 and twelve months ended December 31, 2023:
| June 30, 2024 |  | December 31, 2023
Beginning balance | $ | 2,854 |  |  | $ | 5,629 |
Provision for credit loss expense | 1,611 |  |  | 2,480 |
Write-offs | (1,554) |  |  | (5,795) |
Recoveries | 238 |  |  | 540 |
Total ending allowance balance | $ | 3,149 |  |  | $ | 2,854 |
Schedule of Cash and Cash Equivalents | The following table provides a reconciliation of cash, cash equivalents, and restricted cash within the unaudited Condensed Consolidated Balance Sheets that sum to the total of the same such amounts shown on the unaudited Condensed Consolidated Statements of Cash Flows (see Note 9 for further details on restricted cash):
| June 30, 2024 |  | December 31, 2023
Cash and cash equivalents | $ | 37,272 |  |  | $ | 39,591 |
Restricted cash | 45,403 |  |  | 45,375 |
Total cash, cash equivalents, and restricted cash shown in the statements of cash flows | $ | 82,675 |  |  | $ | 84,966 |

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