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Retirement Benefit Obligations (Tables)

9 Months Ended

Sep. 30, 2024

Key Weighted Average Assumptions Used in Determining Benefit Plan Costs and Obligations

The following table includes the key weighted average assumptions used in determining the Company’s benefit plan costs and obligations:

Used to Determine Plan Costs		2024				2023
Discount Rate			5.00	%			5.25	%
Rate of Compensation Increase			3.00	%			3.00	%
Expected Long-term rate of return on plan assets			7.50	%			7.50	%

Components of Retirement Plan Costs

The following tables provide the components of the Company’s Retirement plan costs ($000’s):

		Pension Plan								PBOP Plan								SERP
For the Three Months Ended September 30,		2024				2023				2024				2023				2024				2023
Service Cost		$	498			$	522			$	497			$	374			$	53			$	63
Interest Cost			1,887				1,870				817				724				180				188
Expected Return on Plan Assets			(2,649	)			(2,673	)			(970	)			(852	)			—				—
Prior Service Cost Amortization			80				90				—				198				4				14
Actuarial (Gain) Loss Amortization			361				—				(218	)			(366	)			—				—
Sub-total			177				(191	)			126				78				237				265
Amounts Capitalized and Deferred			30				333				(8	)			82				(73	)			(82	)
Net Periodic Benefit Cost Recognized		$	207			$	142			$	118			$	160			$	164			$	183

		Pension Plan								PBOP Plan								SERP
For the Nine Months Ended September 30,		2024				2023				2024				2023				2024				2023
Service Cost		$	1,492			$	1,568			$	1,491			$	1,120			$	162			$	188
Interest Cost			5,659				5,610				2,451				2,174				542				565
Expected Return on Plan Assets			(7,947	)			(8,017	)			(2,908	)			(2,556	)			—				—
Prior Service Cost Amortization			242				267				—				595				8				42
Actuarial (Gain) Loss Amortization			1,085				—				(655	)			(1,098	)			—				—
Sub-total			531				(572	)			379				235				712				795
Amounts Capitalized and Deferred			165				1,197				170				415				(221	)			(246	)
Net Periodic Benefit Cost Recognized		$	696			$	625			$	549			$	650			$	491			$	549

X

- Definition

Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (k)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

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X

- Definition

Tabular disclosure of the costs related to the various types of retirement plans including defined benefit pension plan cost, defined contribution plan cost, other postretirement benefit plan cost, and net periodic benefit cost.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 20
-Topic 715
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

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