| Schedule Of Investments |
Investments were as follows as of March 31, 2025 and December 31, 2024:
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Gross |
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Gross |
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Unrealized |
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Unrealized |
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Fair |
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Carrying |
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Description |
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Cost |
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Gains |
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Losses |
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Value |
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Value |
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(in thousands) |
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March 31, 2025 |
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Nuclear decommissioning trust (1) |
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Debt securities |
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$ |
109,543 |
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$ |
— |
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|
$ |
(13,327 |
) |
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$ |
96,216 |
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|
$ |
96,216 |
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Equity securities |
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|
95,371 |
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|
103,146 |
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(6,397 |
) |
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|
192,120 |
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|
192,120 |
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Cash and other |
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|
488 |
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|
— |
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— |
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|
488 |
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|
488 |
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Total Nuclear decommissioning trust |
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$ |
205,402 |
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|
$ |
103,146 |
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|
$ |
(19,724 |
) |
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$ |
288,824 |
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$ |
288,824 |
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Other |
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Equity securities |
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$ |
61 |
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$ |
15 |
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$ |
— |
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$ |
76 |
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$ |
76 |
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Non-marketable equity investments |
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|
2,141 |
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|
2,182 |
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— |
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|
4,323 |
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|
2,141 |
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Total Other |
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$ |
2,202 |
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$ |
2,197 |
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$ |
— |
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$ |
4,399 |
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|
$ |
2,217 |
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$ |
291,041 |
|
December 31, 2024 |
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Nuclear decommissioning trust (1) |
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Debt securities |
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$ |
108,556 |
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|
$ |
— |
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$ |
(14,958 |
) |
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$ |
93,598 |
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$ |
93,598 |
|
Equity securities |
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|
95,731 |
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|
107,329 |
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(4,067 |
) |
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|
198,993 |
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|
198,993 |
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Cash and other |
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|
50 |
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— |
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— |
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|
50 |
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|
50 |
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Total Nuclear decommissioning trust |
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$ |
204,337 |
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|
$ |
107,329 |
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|
$ |
(19,025 |
) |
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$ |
292,641 |
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$ |
292,641 |
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Other |
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Equity securities |
|
$ |
83 |
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|
$ |
25 |
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|
$ |
— |
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|
$ |
108 |
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|
$ |
108 |
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Non-marketable equity investments |
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|
2,141 |
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|
2,164 |
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— |
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|
4,305 |
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|
2,141 |
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Total Other |
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$ |
2,224 |
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$ |
2,189 |
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$ |
— |
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|
$ |
4,413 |
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|
$ |
2,249 |
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$ |
294,890 |
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(1)Investments in the nuclear decommissioning trust are restricted for the use of funding our share of the asset retirement obligations of the future decommissioning of North Anna. See Note 3 of the Notes to Consolidated Financial Statements in our 2024 Annual Report on Form 10-K. Unrealized gains and losses on investments held in the nuclear decommissioning trust are deferred as a regulatory liability or regulatory asset, respectively.
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| Schedule Of Contractual Maturities Of Debt Securities |
Contractual maturities of debt securities as of March 31, 2025, were as follows:
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Description |
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Less than
1 year |
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1-5 years |
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5-10 years |
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More than
10 years |
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Total |
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(in thousands) |
|
Other (1) |
|
$ |
— |
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|
$ |
— |
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|
$ |
96,216 |
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|
$ |
— |
|
|
$ |
96,216 |
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Total |
|
$ |
— |
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|
$ |
— |
|
|
$ |
96,216 |
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|
$ |
— |
|
|
$ |
96,216 |
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(1)The contractual maturities of other debt securities are measured using the effective duration of the bond fund within the nuclear decommissioning trust.
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