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Revenues (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following tables disaggregate revenues by major source, timing of revenue recognition, and segment:

						Three months ended September 30, 2023																								Nine months ended September 30, 2023
(in thousands)						Electric  utility						Bank						Other						Total						Electric  utility						Bank						Other						Total
Revenues from contracts with customers
Electric energy sales - residential						$	257,790					$	—					$	—					$	257,790					$	753,207					$	—					$	—					$	753,207
Electric energy sales - commercial						257,876						—						—						257,876						762,454						—						—						762,454
Electric energy sales - large light and power						284,607						—						—						284,607						855,396						—						—						855,396
Electric energy sales - other						4,688						—						—						4,688						14,628						—						—						14,628
Bank fees						—						12,067						—						12,067						—						36,370						—						36,370
Other sales						—						—						5,016						5,016						—						—						13,361						13,361
Total revenues from contracts with customers						804,961						12,067						5,016						822,044						2,385,685						36,370						13,361						2,435,416
Revenues from other sources
Regulatory revenue						(20,927)						—						—						(20,927)						3,716						—						—						3,716
Bank interest and dividend income						—						85,636						—						85,636						—						246,856						—						246,856
Other bank noninterest income						—						3,271						—						3,271						—						8,490						—						8,490
Other						10,953						—						896						11,849						30,138						—						1,179						31,317
Total revenues from other sources						(9,974)						88,907						896						79,829						33,854						255,346						1,179						290,379
Total revenues						$	794,987					$	100,974					$	5,912					$	901,873					$	2,419,539					$	291,716					$	14,540					$	2,725,795
Timing of revenue recognition
Services/goods transferred at a point in time						$	—					$	12,067					$	—					$	12,067					$	—					$	36,370					$	—					$	36,370
Services/goods transferred over time						804,961						—						5,016						809,977						2,385,685						—						13,361						2,399,046
Total revenues from contracts with customers						$	804,961					$	12,067					$	5,016					$	822,044					$	2,385,685					$	36,370					$	13,361					$	2,435,416

						Three months ended September 30, 2022																								Nine months ended September 30, 2022
(in thousands)						Electric  utility						Bank						Other						Total						Electric  utility						Bank						Other						Total
Revenues from contracts with customers
Electric energy sales - residential						$	306,417					$	—					$	—					$	306,417					$	790,424					$	—					$	—					$	790,424
Electric energy sales - commercial						309,940						—						—						309,940						794,238						—						—						794,238
Electric energy sales - large light and power						351,763						—						—						351,763						886,733						—						—						886,733
Electric energy sales - other						5,400						—						—						5,400						11,699						—						—						11,699
Bank fees						—						12,058						—						12,058						—						36,851						—						36,851
Other sales						—						—						4,760						4,760						—						—						7,208						7,208
Total revenues from contracts with customers						973,520						12,058						4,760						990,338						2,483,094						36,851						7,208						2,527,153
Revenues from other sources
Regulatory revenue						(26,301)						—						—						(26,301)						(24,843)						—						—						(24,843)
Bank interest and dividend income						—						68,417						—						68,417						—						191,228						—						191,228
Other bank noninterest income						—						936						—						936						—						3,771						—						3,771
Other						8,752						—						55						8,807						25,385						—						178						25,563
Total revenues from other sources						(17,549)						69,353						55						51,859						542						194,999						178						195,719
Total revenues						$	955,971					$	81,411					$	4,815					$	1,042,197					$	2,483,636					$	231,850					$	7,386					$	2,722,872
Timing of revenue recognition
Services/goods transferred at a point in time						$	—					$	12,058					$	—					$	12,058					$	—					$	36,851					$	—					$	36,851
Services/goods transferred over time						973,520						—						4,760						978,280						2,483,094						—						7,208						2,490,302
Total revenues from contracts with customers						$	973,520					$	12,058					$	4,760					$	990,338					$	2,483,094					$	36,851					$	7,208					$	2,527,153

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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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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- References

No definition available.

+ Details

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