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v3.23.1

Revenues (Tables) | 3 Months Ended
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Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
Disaggregation of revenue | The following tables disaggregate revenues by major source, timing of revenue recognition, and segment:
|  |  |  | Three months ended March 31, 2023
(in thousands) |  |  |  |  |  |  |  |  |  | Electric utility |  | Bank |  | Other |  | Total
Revenues from contracts with customers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Electric energy sales - residential |  |  |  |  |  |  |  |  |  | $ | 255,550 |  |  | $ | — |  |  | $ | — |  |  | $ | 255,550 |
Electric energy sales - commercial |  |  |  |  |  |  |  |  |  | 254,470 |  |  | — |  |  | — |  |  | 254,470 |
Electric energy sales - large light and power |  |  |  |  |  |  |  |  |  | 290,978 |  |  | — |  |  | — |  |  | 290,978 |
Electric energy sales - other |  |  |  |  |  |  |  |  |  | 5,457 |  |  | — |  |  | — |  |  | 5,457 |
Bank fees |  |  |  |  |  |  |  |  |  | — |  |  | 12,022 |  |  | — |  |  | 12,022 |
Other sales |  |  |  |  |  |  |  |  |  | — |  |  | — |  |  | 3,907 |  |  | 3,907 |
Total revenues from contracts with customers |  |  |  |  |  |  |  |  |  | 806,455 |  |  | 12,022 |  |  | 3,907 |  |  | 822,384 |
Revenues from other sources |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regulatory revenue |  |  |  |  |  |  |  |  |  | $ | 15,604 |  |  | $ | — |  |  | $ | — |  |  | $ | 15,604 |
Bank interest and dividend income |  |  |  |  |  |  |  |  |  | — |  |  | 79,479 |  |  | — |  |  | 79,479 |
Other bank noninterest income |  |  |  |  |  |  |  |  |  | — |  |  | 2,356 |  |  | — |  |  | 2,356 |
Other |  |  |  |  |  |  |  |  |  | 8,302 |  |  | — |  |  | 112 |  |  | 8,414 |
Total revenues from other sources |  |  |  |  |  |  |  |  |  | 23,906 |  |  | 81,835 |  |  | 112 |  |  | 105,853 |
Total revenues |  |  |  |  |  |  |  |  |  | $ | 830,361 |  |  | $ | 93,857 |  |  | $ | 4,019 |  |  | $ | 928,237 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services/goods transferred at a point in time |  |  |  |  |  |  |  |  |  | $ | — |  |  | $ | 12,022 |  |  | $ | — |  |  | $ | 12,022 |
Services/goods transferred over time |  |  |  |  |  |  |  |  |  | 806,455 |  |  | — |  |  | 3,907 |  |  | 810,362 |
Total revenues from contracts with customers |  |  |  |  |  |  |  |  |  | $ | 806,455 |  |  | $ | 12,022 |  |  | $ | 3,907 |  |  | $ | 822,384 |
|  |  |  | Three months ended March 31, 2022
(in thousands) |  |  |  |  |  |  |  |  |  | Electric utility |  | Bank |  | Other |  | Total
Revenues from contracts with customers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Electric energy sales - residential |  |  |  |  |  |  |  |  |  | $ | 224,574 |  |  | $ | — |  |  | $ | — |  |  | $ | 224,574 |
Electric energy sales - commercial |  |  |  |  |  |  |  |  |  | 219,597 |  |  | — |  |  | — |  |  | 219,597 |
Electric energy sales - large light and power |  |  |  |  |  |  |  |  |  | 241,123 |  |  | — |  |  | — |  |  | 241,123 |
Electric energy sales - other |  |  |  |  |  |  |  |  |  | 1,426 |  |  | — |  |  | — |  |  | 1,426 |
Bank fees |  |  |  |  |  |  |  |  |  | — |  |  | 12,996 |  |  | — |  |  | 12,996 |
Other sales |  |  |  |  |  |  |  |  |  | — |  |  | — |  |  | 1,115 |  |  | 1,115 |
Total revenues from contracts with customers |  |  |  |  |  |  |  |  |  | 686,720 |  |  | 12,996 |  |  | 1,115 |  |  | 700,831 |
Revenues from other sources |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regulatory revenue |  |  |  |  |  |  |  |  |  | 12,886 |  |  | — |  |  | — |  |  | 12,886 |
Bank interest and dividend income |  |  |  |  |  |  |  |  |  | — |  |  | 59,989 |  |  | — |  |  | 59,989 |
Other bank noninterest income |  |  |  |  |  |  |  |  |  | — |  |  | 2,130 |  |  | — |  |  | 2,130 |
Other |  |  |  |  |  |  |  |  |  | 9,186 |  |  | — |  |  | 46 |  |  | 9,232 |
Total revenues from other sources |  |  |  |  |  |  |  |  |  | 22,072 |  |  | 62,119 |  |  | 46 |  |  | 84,237 |
Total revenues |  |  |  |  |  |  |  |  |  | $ | 708,792 |  |  | $ | 75,115 |  |  | $ | 1,161 |  |  | $ | 785,068 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services/goods transferred at a point in time |  |  |  |  |  |  |  |  |  | $ | — |  |  | $ | 12,996 |  |  | $ | — |  |  | $ | 12,996 |
Services/goods transferred over time |  |  |  |  |  |  |  |  |  | 686,720 |  |  | — |  |  | 1,115 |  |  | 687,835 |
Total revenues from contracts with customers |  |  |  |  |  |  |  |  |  | $ | 686,720 |  |  | $ | 12,996 |  |  | $ | 1,115 |  |  | $ | 700,831 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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