Retirement Benefit Obligations (Tables)

6 Months Ended

Jun. 30, 2026

Key Weighted Average Assumptions Used in Determining Benefit Plan Costs and Obligations

The following table includes the key weighted average assumptions used in determining the Company’s benefit plan costs and obligations:


Used to Determine Plan Costs		2026				2025
Discount Rate			5.45	%			5.60	%
Rate of Compensation Increase			3.00	%			3.00	%
Expected Long-term rate of return on plan assets			7.50	%			7.50	%

Components of Retirement Plan Costs

The following tables provide the components of the Company’s Retirement plan costs ($000’s):


		Pension Plan								PBOP Plan								SERP
For the Three Months Ended June 30,		2026				2025				2026				2025				2026				2025
Service Cost		$	405			$	436			$	518			$	501			$	44			$	40
Interest Cost			2,004				2,016				1,163				992				174				172
Expected Return on Plan Assets			(2,860	)			(2,625	)			(1,210	)			(1,085	)			—				—
Prior Service Cost Amortization			92				64				—				—				—				2
Actuarial Loss Amortization			83				319				(21	)			(187	)			—				(54	)
Sub-total			(276	)			210				450				221				218				160
Amounts Capitalized and Deferred			245				26				(147	)			(48	)			(68	)			(50	)
Net Periodic Benefit Cost Recognized		$	(31	)		$	236			$	303			$	173			$	150			$	110


		Pension Plan								PBOP Plan								SERP
For the Six Months Ended June 30,		2026				2025				2026				2025				2026				2025
Service Cost		$	809			$	872			$	1,036			$	1,003			$	89			$	79
Interest Cost			4,009				4,032				2,326				1,984				347				344
Expected Return on Plan Assets			(5,719	)			(5,249	)			(2,421	)			(2,171	)			—				—
Prior Service Cost Amortization			184				128				—				—				—				4
Actuarial Loss Amortization			165				638				(41	)			(374	)			—				(107	)
Sub-total			(552	)			421				900				442				436				320
Amounts Capitalized and Deferred			584				135				(226	)			(34	)			(136	)			(101	)
Net Periodic Benefit Cost Recognized		$	32			$	556			$	674			$	408			$	300			$	219