Leases (Notes)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lessee, Operating Leases

Leases

The Company’s lease population is composed of operating leases. The Company leases land in El Paso, Texas, adjacent to Newman under a lease that expires in June 2033 with a renewal option of 25 years. The Company also has several other leases for offices, parking facilities and equipment that expire within the next 5 years, including an office in Austin, Texas. The Company has transmission and distribution lines that are operated under various land rights agreements, including easements, leases, permits and franchises. The components of lease expense are as follows:

	Year Ended
	December 31, 2019
Lease cost (in thousands):
Operating lease cost	$	1,012
Short-term lease cost	798
Variable lease cost	65
Total lease cost	$	1,875

Supplemental balance sheet information related to leases was as follows (in thousands, except lease term and discount rate):

	December 31, 2019
Operating leases:
Operating lease ROU assets (included in electric plant in service)	$	5,550
Operating lease liabilities (current included in other current liabilities)	513
Operating lease liabilities (net of current included in deferred credits and other liabilities)	5,094
Total lease liabilities	$	5,607
Weighted average remaining lease terms (in years)	11.91
Weighted average discount rate	4.66		%

Supplemental cash flow information related to leases was as follows (in thousands):

	Year Ended
	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases	$	897

ROU assets obtained in exchange for lease obligations (in thousands):

	Year Ended
	December 31, 2019
Operating leases	$	5,550

Maturities of operating lease liabilities at December 31, 2019 were as follows (in thousands):

Year ending December 31,
2020	$	751
2021	676
2022	619
2023	571
2024	559
Thereafter	4,126
Total lease payments	7,302
Less imputed interest	(1,695		)
Total	$	5,607

Disclosures related to periods prior to adoption of the new lease standard

The Company’s total rental expense related to operating leases was $1.7 million and $2.4 million for the twelve months ended December 31, 2018 and 2017, respectively. As of December 31, 2018, the Company’s minimum future rental payments for the next five years were as follows (in thousands):

Year ending December 31,
2019	$	923
2020	820
2021	700
2022	544
2023	526