Revenues (Tables)

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of revenue

The following tables disaggregate revenues by major source, timing of revenue recognition, and segment:

	Three months ended September 30, 2022								Nine months ended September 30, 2022
(in thousands)	Electric  utility		Bank		Other		Total		Electric  utility		Bank		Other		Total
Revenues from contracts with customers
Electric energy sales - residential	$	306,417	$	—	$	—	$	306,417	$	790,424	$	—	$	—	$	790,424
Electric energy sales - commercial	309,940		—		—		309,940		794,238		—		—		794,238
Electric energy sales - large light and power	351,763		—		—		351,763		886,733		—		—		886,733
Electric energy sales - other	5,400		—		—		5,400		11,699		—		—		11,699
Bank fees	—		12,058		—		12,058		—		36,851		—		36,851
Other sales	—		—		4,760		4,760		—		—		7,208		7,208
Total revenues from contracts with customers	973,520		12,058		4,760		990,338		2,483,094		36,851		7,208		2,527,153
Revenues from other sources
Regulatory revenue	$	(26,301)	$	—	$	—	$	(26,301)	$	(24,843)	$	—	$	—	$	(24,843)
Bank interest and dividend income	—		68,417		—		68,417		—		191,228		—		191,228
Other bank noninterest income	—		936		—		936		—		3,771		—		3,771
Other	8,752		—		55		8,807		25,385		—		178		25,563
Total revenues from other sources	(17,549)		69,353		55		51,859		542		194,999		178		195,719
Total revenues	$	955,971	$	81,411	$	4,815	$	1,042,197	$	2,483,636	$	231,850	$	7,386	$	2,722,872
Timing of revenue recognition
Services/goods transferred at a point in time	$	—	$	12,058	$	—	$	12,058	$	—	$	36,851	$	—	$	36,851
Services/goods transferred over time	973,520		—		4,760		978,280		2,483,094		—		7,208		2,490,302
Total revenues from contracts with customers	$	973,520	$	12,058	$	4,760	$	990,338	$	2,483,094	$	36,851	$	7,208	$	2,527,153

	Three months ended September 30, 2021								Nine months ended September 30, 2021
(in thousands)	Electric  utility		Bank		Other		Total		Electric  utility		Bank		Other		Total
Revenues from contracts with customers
Electric energy sales - residential	$	228,878	$	—	$	—	$	228,878	$	606,435	$	—	$	—	$	606,435
Electric energy sales - commercial	217,468		—		—		217,468		578,036		—		—		578,036
Electric energy sales - large light and power	229,129		—		—		229,129		607,480		—		—		607,480
Electric energy sales - other	2,779		—		—		2,779		7,470		—		—		7,470
Bank fees	—		11,186		—		11,186		—		34,133		—		34,133
Other sales	—		—		1,178		1,178		—		—		3,191		3,191
Total revenues from contracts with customers	678,254		11,186		1,178		690,618		1,799,421		34,133		3,191		1,836,745
Revenues from other sources
Regulatory revenue	(5,717)		—		—		(5,717)		25,566		—		—		25,566
Bank interest and dividend income	—		61,441		—		61,441		—		182,127		—		182,127
Other bank noninterest income	—		3,581		—		3,581		—		14,339		—		14,339
Other	6,962		—		19		6,981		21,255		—		75		21,330
Total revenues from other sources	1,245		65,022		19		66,286		46,821		196,466		75		243,362
Total revenues	$	679,499	$	76,208	$	1,197	$	756,904	$	1,846,242	$	230,599	$	3,266	$	2,080,107
Timing of revenue recognition
Services/goods transferred at a point in time	$	—	$	11,186	$	—	$	11,186	$	—	$	34,133	$	—	$	34,133
Services/goods transferred over time	678,254		—		1,178		679,432		1,799,421		—		3,191		1,802,612
Total revenues from contracts with customers	$	678,254	$	11,186	$	1,178	$	690,618	$	1,799,421	$	34,133	$	3,191	$	1,836,745