v3.25.2
Fair Value (Tables)
6 Months Ended
Jun. 30, 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 June 30, 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
June 30, 2025(Level 1)(Level 2)(Level 3)
(dollars in thousands)
Nuclear decommissioning trust funds:    
Domestic equity$260,203 $260,203 $— $— 
Corporate bonds and debt90,658 — 90,138 520 
US Treasury securities65,285 65,285 — — 
Mortgage backed securities65,726 — 65,726 — 
Domestic mutual funds101,986 101,986 — — 
Municipal bonds9,542 — 9,542 — 
Federal agency securities9,099 — 9,099 — 
Non-US Gov't bonds & private placements6,237 — 6,237 — 
International mutual funds172,645 — 172,645 — 
Other3,099 3,099 — — 
Long-term investments:
Corporate bonds and debt23,346 — 23,346 — 
US Treasury securities29,616 29,616 — — 
Mortgage backed securities20,573 — 20,573 — 
Domestic mutual funds386,250 386,250 — — 
Treasury STRIPS114,622 — 114,622 — 
Non-US Gov't bonds & private placements3,119 — 3,119 — 
International mutual funds47,659 — 47,659 — 
Other715 715 — — 
Short-term investments: Treasury STRIPS90,269 — 90,269 — 
Natural gas swaps36,027 — 36,027 — 
    
 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 June 30, 2025 and December 31, 2024 were as follows:
20252024
Carrying
Value
Fair
Value
Carrying
Value
Fair
Value
(in thousands)
Long-term debt$12,602,559 $10,869,129 $12,643,088 $10,666,727