Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Lease Cost

The following table shows lease expense for the years ended December 31:

(In thousands)		2020		2019	Income Statement Location
Finance lease expense:
Amortization of leased assets	$	1,694	$	1,524	Depreciation and amortization
Interest on lease liabilities		784		792	Interest expense, net
Operating lease expense		319		144	Other operations and maintenance
Total lease expense	$	2,797	$	2,460

Lease Balance Sheet

The following table shows the lease assets and liabilities on the consolidated balance sheets as of December 31:

(In thousands)		2020		2019	Balance Sheet Location
Lease assets:
Finance lease assets	$	15,682	$	15,895	Property, plant, and equipment, net
Operating lease assets(a)		5,988		671	Other deferred assets and other
Total lease assets	$	21,670	$	16,566
Lease liabilities:
Finance lease liabilities - current	$	1,066	$	888	Other current liabilities
Finance lease liabilities - long-term		17,532		17,379	Finance lease liabilities
Operating lease liabilities - current		171		203	Other current liabilities
Operating lease liabilities - long-term(a)		5,840		496	Other deferred liabilities and other
Total lease liabilities	$	24,609	$	18,966

(a)Increase in operating lease assets and long-term operating lease liabilities related to land leases for new solar farms in 2020.

Other Financial Information

The following table shows other lease information for the years ended December 31:

(In thousands)		2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Finance leases - Financing cash flows	$	1,149	$	945
Finance leases - Operating cash flows		784		792
Operating leases - Operating cash flows		319		134
Lease assets obtained in exchange for lease liabilities:
Finance leases		1,480		12,101
Operating leases		5,791		657

Weighted Average And Discount Rate

The following table shows the weighted average remaining lease terms and discounts as of December 31:

Weighted-average remaining lease terms (in years):	2020		2019
Finance leases	37		39
Operating leases	34		15
Weighted-average discount rates:
Finance leases	4.32	%	4.37	%
Operating leases	2.84	%	3.32	%

Lessee Operating Lease Liability Maturity

The following table shows maturities of lease liabilities as of December 31:

(In thousands)		Finance		Operating
2021	$	1,820	$	338
2022		1,700		274
2023		1,520		203
2024		959		207
2025		774		211
Thereafter		39,787		8,636
Subtotal		46,560		9,869
Less: Present value discount		(27,962)		(3,858)
Lease Liability	$	18,598	$	6,011

Lessee Finance Lease Liability Maturity

The following table shows maturities of lease liabilities as of December 31:

(In thousands)		Finance		Operating
2021	$	1,820	$	338
2022		1,700		274
2023		1,520		203
2024		959		207
2025		774		211
Thereafter		39,787		8,636
Subtotal		46,560		9,869
Less: Present value discount		(27,962)		(3,858)
Lease Liability	$	18,598	$	6,011