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Short-Term Borrowings (Tables)

9 Months Ended

Sep. 30, 2022

Short-Term Debt [Abstract]

Schedule of Line of Credit

The Company maintains lines of credit aggregating $140.0 million.

		(Millions)
		As of September 30, 2022														Renewal Date
		Outstanding				Available				Maximum				Credit Type
Bank of America		$	7.0			$	53.0			$	60.0			Uncommitted		January 26, 2023
PNC Bank			30.5				37.5				68.0			Committed		January 31, 2024
CoBank			3.0				9.0				12.0			Committed		November 30, 2023
		$	40.5			$	99.5			$	140.0

Schedule of Weighted Average Daily Amounts of Borrowings Outstanding

The weighted average daily amounts of borrowings outstanding under the Company’s lines of credit and the weighted average interest rates on those amounts were as follows:

			Three Months Ended							Nine Months Ended
			September 30,							September 30,
			2022				2021			2022				2021
Average Daily Amounts Outstanding		$	33,750			$	40,543		$	22,648			$	22,841
Weighted Average Interest Rates			3.34	%			1.13	%		2.48	%			1.14	%

X

- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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- Definition

Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19)
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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- References

No definition available.

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