Investment [Table Text Block] |
| | September 30 | |
Balance Sheet location: | | 2023 | | | 2022 | |
Other Assets: | | | | | | | | |
MVP | | $ | 17,096,476 | | | $ | 13,689,370 | |
Southgate | | | 90,617 | | | | 83,705 | |
Investment in unconsolidated affiliates | | $ | 17,187,093 | | | $ | 13,773,075 | |
| | | | | | | | |
Current Liabilities: | | | | | | | | |
MVP | | $ | — | | | $ | 804,404 | |
Southgate | | | — | | | | 102 | |
Capital contributions payable | | $ | — | | | $ | 804,506 | |
| | Years Ended September 30 | |
Income Statement location: | | 2023 | | | 2022 | |
Equity in earnings of unconsolidated affiliate | | $ | 2,084,990 | | | $ | 73,327 | |
| | September 30 | |
| | 2023 | | | 2022 | |
Undistributed earnings, net of income taxes, of MVP in retained earnings, excluding impairment | | $ | 9,683,797 | | | $ | 8,135,482 | |
| | September 30 | |
| | 2023 | | | 2022 | |
Cash investment | | $ | 2,133,534 | | | $ | 5,260,863 | |
Change in accrued capital calls | | | (804,506 | ) | | | (1,336,131 | ) |
Pre-tax impairment | | | — | | | | (55,092,303 | ) |
Equity in earnings of unconsolidated affiliate | | | 2,084,990 | | | | 73,327 | |
Change in investment in unconsolidated affiliates | | $ | 3,414,018 | | | $ | (51,094,244 | ) |
|
Equity Method Investments [Table Text Block] |
| | Income Statements | |
| | Years Ended September 30 | |
| | 2023 | | | 2022 | |
AFUDC | | $ | 203,721,584 | | | $ | 6,883,069 | |
Net other income | | | 2,091,886 | | | | 147,154 | |
Net income | | $ | 205,813,470 | | | $ | 7,030,223 | |
| | Balance Sheets | |
| | September 30 | |
| | 2023 | | | 2022 | |
Assets: | | | | | | | | |
Current assets | | $ | 795,787,358 | | | $ | 76,474,981 | |
Construction work in progress | | | 7,499,128,254 | | | | 6,667,146,408 | |
Other assets | | | 11,639,586 | | | | 8,021,877 | |
Total assets | | $ | 8,306,555,198 | | | $ | 6,751,643,266 | |
| | | | | | | | |
Liabilities and Equity: | | | | | | | | |
Current liabilities | | $ | 236,947,158 | | | $ | 115,061,723 | |
Capital | | | 8,069,608,040 | | | | 6,636,581,543 | |
Total liabilities and equity | | $ | 8,306,555,198 | | | $ | 6,751,643,266 | |
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