Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments

Schedule of interest rate derivatives and their fair values

Interest rate derivatives and their fair values as of March 31, 2020 and December 31, 2019 were as follows (unaudited and in thousands):

				Fixed One Month
Notional Amount				LIBOR rate per			Fair Value
March 31, 2020		December 31, 2019		annum	Effective Date	Expiration Date	March 31, 2020		December 31, 2019
$	25,000	$	25,000	1.989%	January 2, 2018	December 17, 2021	$	(694)	$	(209)
	100,000		100,000	1.989%	January 2, 2018	December 17, 2021		(2,775)		(837)
	75,000		75,000	1.989%	January 2, 2018	December 17, 2021		(2,082)		(627)
	50,000		50,000	2.033%	January 2, 2018	April 27, 2022		(1,713)		(545)
	100,000		100,000	2.029%	January 2, 2018	April 27, 2022		(3,418)		(1,081)
	50,000		50,000	2.033%	January 2, 2018	April 27, 2022		(1,713)		(545)
	100,000		100,000	2.617%	January 2, 2020	December 17, 2023		(8,366)		(4,007)
	100,000		100,000	2.621%	January 2, 2020	April 27, 2024		(9,103)		(4,324)
	70,000		—	0.968%	March 2, 2020	October 18, 2026		(2,123)		—
	30,000		—	0.973%	March 2, 2020	October 18, 2026		(917)		—
	200,000		200,000	2.636%	December 17, 2021	December 17, 2023		(8,826)		(3,939)
	200,000		200,000	2.642%	April 27, 2022	April 27, 2024		(8,639)		(3,802)
	125,000		—	1.014%	December 17, 2023	December 17, 2024		(516)		—
	100,000		—	1.035%	December 17, 2023	December 17, 2024		(429)		—
	75,000		—	1.110%	December 17, 2023	October 18, 2026		(833)		—
	100,000		—	1.088%	April 27, 2024	April 27, 2025		(435)		—
	125,000		—	1.082%	April 27, 2024	April 27, 2025		(536)		—
	75,000		—	0.977%	April 27, 2024	October 18, 2026		(450)		—
							$	(53,568)	$	(19,916)

Schedule of power purchase agreement derivatives

Power purchase agreement derivatives and their fair values as of March 31, 2020 and December 31, 2019 were as follows (unaudited and in thousands):

				Fair Value
Counterparty	Facility	Effective Date	Expiration Date	March 31, 2020		December 31, 2019
Calpine Energy Solutions, LLC	Piscataway	3/8/2019	2/28/2029	$	(3,645)	$	(2,919)
Calpine Energy Solutions, LLC	Chicago	3/8/2019	2/28/2029		(4,493)		(3,774)
				$	(8,138)	$	(6,693)