v3.25.1
Fair Value (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on A Recurring Basis
The tables below detail assets and liabilities measured at fair value on a recurring basis at March 31, 2025 and December 31, 2024.
 Fair Value Measurements at Reporting Date Using  
 Quoted Prices in
Active Markets for
Identical Assets
 Significant Other
Observable
Inputs
 Significant
Unobservable
Inputs
March 31, 2025(Level 1)(Level 2)(Level 3)
(dollars in thousands)
Nuclear decommissioning trust funds:    
Domestic equity$234,410 $234,410 $— $— 
Corporate bonds and debt87,115 — 86,529 586 
US Treasury securities55,750 55,750 — — 
Mortgage backed securities71,984 — 71,984 — 
Domestic mutual funds89,061 89,061 — — 
Municipal bonds8,099 — 8,099 — 
Federal agency securities9,243 — 9,243 — 
Non-US Gov't bonds & private placements4,545 — 4,545 — 
International mutual funds153,135 — 153,135 — 
Other9,673 9,673 — — 
Long-term investments:
Corporate bonds and debt22,432 — 22,432 — 
US Treasury securities26,358 26,358 — — 
Mortgage backed securities21,551 — 21,551 — 
Domestic mutual funds387,612 387,612 — — 
Treasury STRIPS134,822 — 134,822 — 
Non-US Gov't bonds & private placements2,744 — 2,744 — 
International mutual funds42,439 — 42,439 — 
Other603 603 — — 
Short-term investments: Treasury STRIPS119,860 — 119,860 — 
Natural gas swaps59,792 — 59,792 — 
    
 Fair Value Measurements at Reporting Date Using  
 Quoted Prices in
Active Markets for
Identical Assets
 Significant Other
Observable
Inputs
 Significant
Unobservable
Inputs
December 31, 2024(Level 1)(Level 2)(Level 3)
(dollars in thousands)
Nuclear decommissioning trust funds:    
Domestic equity$245,313 $245,313 $— $— 
Corporate bonds and debt82,316 — 82,309 
US Treasury securities53,806 53,806 — — 
Mortgage backed securities70,193 — 70,193 — 
Domestic mutual funds95,175 95,175 — — 
Municipal bonds3,375 — 3,375 — 
Federal agency securities8,487 — 8,487 — 
Non-US Gov't bonds & private placements3,319 — 3,319 — 
International mutual funds4,228 — 4,228 — 
Money Market138,553 138,553 — — 
Other16,859 16,859 — — 
Long-term investments:
Corporate bonds and debt20,972 — 20,972 — 
US Treasury securities25,654 25,654 — — 
Mortgage backed securities20,232 — 20,232 — 
Domestic mutual funds394,595 394,595 — — 
Treasury STRIPS142,199 — 142,199 — 
Non-US Gov't bonds & private placements1,805 — 1,805 — 
International mutual funds39,340 — 39,340 — 
Other369 369 — — 
Short-term investments: Treasury STRIPS124,572 — 124,572 — 
Natural gas swaps28,624 — 28,624 — 
Schedule of Estimated Fair Values of Long-term Debt, Including Current Maturities
The estimated fair values of our long-term debt, including current maturities at March 31, 2025 and December 31, 2024 were as follows:
20252024
Carrying
Value
Fair
Value
Carrying
Value
Fair
Value
(in thousands)
Long-term debt$12,645,874 $10,958,889 $12,643,088 $10,666,727