XML 34 R25.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Revenues (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregated Revenue | The following table discloses revenue by primary geographical market, customer type, and customer credit risk profile (in thousands). The table also includes a reconciliation of the disaggregated revenue to revenue by reportable segment (in thousands).
| Reportable Segments
| Three Months Ended September 30, 2022 |  | Three Months Ended September 30, 2021
| Retail Electricity (a) |  | Retail Natural Gas |  |  |  | Total Reportable Segments |  | Retail Electricity |  | Retail Natural Gas |  |  |  | Total Reportable Segments
Primary markets (b) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
New England | $ | 31,366 |  |  | $ | 821 |  |  |  |  | $ | 32,187 |  |  | $ | 25,406 |  |  | $ | 748 |  |  |  |  | $ | 26,154 |
Mid-Atlantic | 33,761 |  |  | 5,281 |  |  |  |  | 39,042 |  |  | 30,122 |  |  | 1,354 |  |  |  |  | 31,476 |
Midwest | 12,165 |  |  | 1,617 |  |  |  |  | 13,782 |  |  | 12,473 |  |  | 1,367 |  |  |  |  | 13,840 |
Southwest | 27,678 |  |  | 4,498 |  |  |  |  | 32,176 |  |  | 24,103 |  |  | 2,694 |  |  |  |  | 26,797 |
| $ | 104,970 |  |  | $ | 12,217 |  |  |  |  | $ | 117,187 |  |  | $ | 92,104 |  |  | $ | 6,163 |  |  |  |  | $ | 98,267 |
Customer type |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 12,560 |  |  | $ | 6,661 |  |  |  |  | $ | 19,221 |  |  | $ | 12,395 |  |  | $ | 2,076 |  |  |  |  | $ | 14,471 |
Residential | 97,177 |  |  | 5,047 |  |  |  |  | 102,224 |  |  | 82,778 |  |  | 3,781 |  |  |  |  | 86,559 |
Unbilled revenue (c) | (4,767) |  |  | 509 |  |  |  |  | (4,258) |  |  | (3,069) |  |  | 306 |  |  |  |  | (2,763) |
| $ | 104,970 |  |  | $ | 12,217 |  |  |  |  | $ | 117,187 |  |  | $ | 92,104 |  |  | $ | 6,163 |  |  |  |  | $ | 98,267 |
Customer credit risk |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
POR | $ | 63,444 |  |  | $ | 6,202 |  |  |  |  | $ | 69,646 |  |  | $ | 53,670 |  |  | $ | 2,151 |  |  |  |  | $ | 55,821 |
Non-POR | 41,526 |  |  | 6,015 |  |  |  |  | 47,541 |  |  | 38,434 |  |  | 4,012 |  |  |  |  | 42,446 |
| $ | 104,970 |  |  | $ | 12,217 |  |  |  |  | $ | 117,187 |  |  | $ | 92,104 |  |  | $ | 6,163 |  |  |  |  | $ | 98,267 |
| Reportable Segments
| Nine Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2021
| Retail Electricity (a) |  | Retail Natural Gas |  |  |  | Total Reportable Segments |  | Retail Electricity |  | Retail Natural Gas |  |  |  | Total Reportable Segments
Primary markets (b) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
New England | $ | 84,463 |  |  | $ | 7,331 |  |  |  |  | $ | 91,794 |  |  | $ | 73,045 |  |  | $ | 6,527 |  |  |  |  | $ | 79,572 |
Mid-Atlantic | 89,304 |  |  | 32,396 |  |  |  |  | 121,700 |  |  | 81,981 |  |  | 18,032 |  |  |  |  | 100,013 |
Midwest | 31,396 |  |  | 14,358 |  |  |  |  | 45,754 |  |  | 32,894 |  |  | 14,515 |  |  |  |  | 47,409 |
Southwest | 70,138 |  |  | 14,206 |  |  |  |  | 84,344 |  |  | 54,628 |  |  | 12,099 |  |  |  |  | 66,727 |
| $ | 275,301 |  |  | $ | 68,291 |  |  |  |  | $ | 343,592 |  |  | $ | 242,548 |  |  | $ | 51,173 |  |  |  |  | $ | 293,721 |
Customer type |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 33,119 |  |  | $ | 37,854 |  |  |  |  | $ | 70,973 |  |  | $ | 38,782 |  |  | $ | 18,574 |  |  |  |  | $ | 57,356 |
Residential | 246,662 |  |  | 36,392 |  |  |  |  | 283,054 |  |  | 213,440 |  |  | 39,911 |  |  |  |  | 253,351 |
Unbilled revenue (c) | (4,480) |  |  | (5,955) |  |  |  |  | (10,435) |  |  | (9,674) |  |  | (7,312) |  |  |  |  | (16,986) |
| $ | 275,301 |  |  | $ | 68,291 |  |  |  |  | $ | 343,592 |  |  | $ | 242,548 |  |  | $ | 51,173 |  |  |  |  | $ | 293,721 |
Customer credit risk |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
POR | $ | 166,346 |  |  | $ | 41,147 |  |  |  |  | $ | 207,493 |  |  | $ | 145,924 |  |  | $ | 26,731 |  |  |  |  | $ | 172,655 |
Non-POR | 108,955 |  |  | 27,144 |  |  |  |  | 136,099 |  |  | 96,624 |  |  | 24,442 |  |  |  |  | 121,066 |
| $ | 275,301 |  |  | $ | 68,291 |  |  |  |  | $ | 343,592 |  |  | $ | 242,548 |  |  | $ | 51,173 |  |  |  |  | $ | 293,721 |
(a) Retail Electricity includes Services (b) The primary markets include the following states: •New England - Connecticut, Maine, Massachusetts and New Hampshire; •Mid-Atlantic - Delaware, Maryland (including the District of Columbia), New Jersey, New York and Pennsylvania; •Midwest - Illinois, Indiana, Michigan and Ohio; and •Southwest - Arizona, California, Colorado, Florida, Nevada and Texas. (c) Unbilled revenue is recorded in total until it is actualized, at which time it is categorized between commercial and residential customers.
Schedule of Accounts Receivable, Allowance for Credit Loss | A rollforward of our allowance for credit losses for the nine months ended September 30, 2022 are presented in the table below (in thousands):
Balance at December 31, 2021 |  |  |  |  | $ | (2,368) |
Current period bad debt provision |  |  |  |  | (2,895) |
Write-offs |  |  |  |  | 2 |
Recovery of previous write-offs |  |  |  |  | (225) |
Balance at September 30, 2022 |  |  |  |  | $ | (5,486) |

X
- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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