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Short-Term Borrowings (Tables)

3 Months Ended

Mar. 31, 2024

Short-term Borrowings [Abstract]

Schedule of Lines of Credit

The Company maintains lines of credit aggregating $140.0 million.

		(Millions)
		As of March 31, 2024
		Outstanding				Available				Maximum				Credit Type		Renewal Date
Bank of America		$	—			$	60.0			$	60.0			Uncommitted		January 24, 2025
PNC Bank			51.0			$	17.0				68.0			Committed		January 31, 2026
CoBank, ACB			7.0				5.0				12.0			Committed		May 20, 2026
		$	58.0			$	82.0			$	140.0

Schedule of Credit Lines and the Weighted Average Interest Rates

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

		Three Months Ended
		March 31,
		2024				2023
Average Daily Amounts Outstanding		$	49,992			$	54,561
Weighted Average Interest Rates			6.42	%			5.52	%

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- References

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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
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(b))
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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
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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