| Schedule Of Investments |
Investments were as follows as of June 30, 2025 and December 31, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross |
|
|
Gross |
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized |
|
|
Unrealized |
|
|
Fair |
|
|
Carrying |
|
Description |
|
Cost |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
|
Value |
|
|
|
(in thousands) |
|
June 30, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nuclear decommissioning trust (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt securities |
|
$ |
110,549 |
|
|
$ |
— |
|
|
$ |
(12,864 |
) |
|
$ |
97,685 |
|
|
$ |
97,685 |
|
Equity securities |
|
|
96,532 |
|
|
|
122,255 |
|
|
|
(4,819 |
) |
|
|
213,968 |
|
|
|
213,968 |
|
Cash and other |
|
|
428 |
|
|
|
— |
|
|
|
— |
|
|
|
428 |
|
|
|
428 |
|
Total Nuclear decommissioning trust |
|
$ |
207,509 |
|
|
$ |
122,255 |
|
|
$ |
(17,683 |
) |
|
$ |
312,081 |
|
|
$ |
312,081 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity securities |
|
$ |
50 |
|
|
$ |
8 |
|
|
$ |
— |
|
|
$ |
58 |
|
|
$ |
58 |
|
Non-marketable equity investments |
|
|
2,141 |
|
|
|
2,208 |
|
|
|
— |
|
|
|
4,349 |
|
|
|
2,141 |
|
Total Other |
|
$ |
2,191 |
|
|
$ |
2,216 |
|
|
$ |
— |
|
|
$ |
4,407 |
|
|
$ |
2,199 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
314,280 |
|
December 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nuclear decommissioning trust (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt securities |
|
$ |
108,556 |
|
|
$ |
— |
|
|
$ |
(14,958 |
) |
|
$ |
93,598 |
|
|
$ |
93,598 |
|
Equity securities |
|
|
95,731 |
|
|
|
107,329 |
|
|
|
(4,067 |
) |
|
|
198,993 |
|
|
|
198,993 |
|
Cash and other |
|
|
50 |
|
|
|
— |
|
|
|
— |
|
|
|
50 |
|
|
|
50 |
|
Total Nuclear decommissioning trust |
|
$ |
204,337 |
|
|
$ |
107,329 |
|
|
$ |
(19,025 |
) |
|
$ |
292,641 |
|
|
$ |
292,641 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity securities |
|
$ |
83 |
|
|
$ |
25 |
|
|
$ |
— |
|
|
$ |
108 |
|
|
$ |
108 |
|
Non-marketable equity investments |
|
|
2,141 |
|
|
|
2,164 |
|
|
|
— |
|
|
|
4,305 |
|
|
|
2,141 |
|
Total Other |
|
$ |
2,224 |
|
|
$ |
2,189 |
|
|
$ |
— |
|
|
$ |
4,413 |
|
|
$ |
2,249 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
294,890 |
|
(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.
|
| Schedule Of Contractual Maturities Of Debt Securities |
Contractual maturities of debt securities as of June 30, 2025, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Less than
1 year |
|
|
1-5 years |
|
|
5-10 years |
|
|
More than
10 years |
|
|
Total |
|
|
|
(in thousands) |
|
Other (1) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
97,685 |
|
|
$ |
— |
|
|
$ |
97,685 |
|
Total |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
97,685 |
|
|
$ |
— |
|
|
$ |
97,685 |
|
(1)The contractual maturities of other debt securities are measured using the effective duration of the bond fund within the nuclear decommissioning trust.
|