XML 52 R35.htm IDEA: XBRL DOCUMENT
v3.24.3

SEGMENTS OF BUSINESS (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
SEGMENTS OF BUSINESS |
Schedule of operations of primary reportable segments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, | ​ | Nine Months Ended September 30, | ​
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023 | ​
​ | ​ | (in thousands) | ​ | (in thousands) | ​
Operating revenues |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  | ​
Electric operations(i) | ​ | $ | 71,902 | ​ | $ | 67,544 | ​ | $ | 192,379 | ​ | $ | 231,141 | ​
Coal operations | ​ | ​ | 49,331 | ​ | ​ | 134,896 | ​ | ​ | 162,630 | ​ | ​ | 343,267 | ​
Corporate and other and eliminations | ​ | ​ | (16,189) | ​ | ​ | (36,672) | ​ | ​ | (44,834) | ​ | ​ | (59,112) | ​
Consolidated operating revenues | ​ | $ | 105,044 | ​ | $ | 165,768 | ​ | $ | 310,175 | ​ | $ | 515,296 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating expenses |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  | ​
Electric operations | ​ | $ | 52,547 | ​ | $ | 70,220 | ​ | $ | 150,989 | ​ | $ | 205,856 | ​
Coal operations | ​ | ​ | 61,510 | ​ | ​ | 110,132 | ​ | ​ | 197,587 | ​ | ​ | 279,052 | ​
Corporate and other and eliminations | ​ | ​ | (13,725) | ​ | ​ | (38,387) | ​ | ​ | (38,560) | ​ | ​ | (44,892) | ​
Consolidated operating expenses | ​ | $ | 100,332 | ​ | $ | 141,965 | ​ | $ | 310,016 | ​ | $ | 440,016 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income (loss) from operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Electric operations | ​ | $ | 19,355 | ​ | $ | (2,676) | ​ | $ | 41,390 | ​ | $ | 25,285 | ​
Coal operations | ​ | ​ | (12,179) | ​ | ​ | 24,764 | ​ | ​ | (34,957) | ​ | ​ | 64,215 | ​
Corporate and other and eliminations | ​ | ​ | (2,464) | ​ | ​ | 1,715 | ​ | ​ | (6,274) | ​ | ​ | (14,220) | ​
Consolidated income (loss) from operations | ​ | $ | 4,712 | ​ | $ | 23,803 | ​ | $ | 159 | ​ | $ | 75,280 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation, depletion and amortization | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​
Electric operations | ​ | $ | 4,802 | ​ | $ | 4,695 | ​ | $ | 14,197 | ​ | $ | 14,045 | ​
Coal operations | ​ | ​ | 9,013 | ​ | ​ | 11,508 | ​ | ​ | 28,671 | ​ | ​ | 37,249 | ​
Corporate and other and eliminations | ​ | ​ | 23 | ​ | ​ | 27 | ​ | ​ | 62 | ​ | ​ | 81 | ​
Consolidated depreciation, depletion and amortization | ​ | $ | 13,838 | ​ | $ | 16,230 | ​ | $ | 42,930 | ​ | $ | 51,375 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Electric operations | ​ | $ | 217,826 | ​ | $ | 209,455 | ​ | $ | 217,826 | ​ | $ | 209,455 | ​
Coal operations | ​ | ​ | 356,252 | ​ | ​ | 375,682 | ​ | ​ | 356,252 | ​ | ​ | 375,682 | ​
Corporate and other and eliminations | ​ | ​ | 5,652 | ​ | ​ | 49 | ​ | ​ | 5,652 | ​ | ​ | 49 | ​
Consolidated assets | ​ | $ | 579,730 | ​ | $ | 585,186 | ​ | $ | 579,730 | ​ | $ | 585,186 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capital expenditures | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Electric operations | ​ | $ | 4,602 | ​ | $ | 6,566 | ​ | $ | 16,121 | ​ | $ | 10,092 | ​
Coal operations | ​ | ​ | 6,810 | ​ | ​ | 11,570 | ​ | ​ | 23,002 | ​ | ​ | 38,654 | ​
Corporate and other and eliminations | ​ | ​ | 150 | ​ | ​ | — | ​ | ​ | 483 | ​ | ​ | — | ​
Consolidated capital expenditures | ​ | $ | 11,562 | ​ | $ | 18,136 | ​ | $ | 39,606 | ​ | $ | 48,746 | ​
​
| (i). | Electric operations revenue as of each period presented were comprised of the components noted below (in thousands):
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, | ​ | Nine Months Ended September 30,
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023
Operating revenues: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Capacity revenue | ​ | $ | 15,860 | ​ | $ | 13,012 | ​ | $ | 44,506 | ​ | $ | 46,137
Delivered energy | ​ |  | 44,549 | ​ |  | 44,110 | ​ |  | 111,181 | ​ |  | 121,492
Amortization of contract liability | ​ |  | 11,306 | ​ |  | 10,281 | ​ |  | 36,174 | ​ |  | 63,183
Other operating revenue | ​ |  | 187 | ​ |  | 141 | ​ |  | 518 | ​ |  | 329
Total Electric Operations revenue: | ​ | $ | 71,902 | ​ | $ | 67,544 | ​ | $ | 192,379 | ​ | $ | 231,141
​

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration