Retirement Benefit obligations (Tables)

6 Months Ended

Jun. 30, 2023

Key Weighted Average Assumptions Used in Determining Benefit Plan Costs and Obligations

The following table includes the key weighted average assumptions used in determining the Company’s benefit plan costs and obligations:

Used to Determine Plan Costs	2023			2022
Discount Rate		5.25	%		2.85	%
Rate of Compensation Increase		3.00	%		3.00	%
Expected Long-term rate of return on plan assets		7.50	%		7.50	%

Components of Retirement Plan Costs

The following tables provide the components of the Company’s Retirement plan costs ($000’s):

	Pension Plan						PBOP Plan						SERP
For the Three Months Ended June 30,	2023			2022			2023			2022			2023			2022
Service Cost	$	523		$	791		$	373		$	722		$	63		$	68
Interest Cost		1,870			1,371			725			799			188			118
Expected Return on Plan Assets		(2,672	)		(2,720	)		(852	)		(854	)		—			—
Prior Service Cost Amortization		88			89			199			273			14			14
Actuarial Loss Amortization		—			1,377			(366	)		255			—			199
Sub-total		(191	)		908			79			1,195			265			399
Amounts Capitalized and Deferred		366			(309	)		112			(622	)		(82	)		(119	)
Net Periodic Benefit Cost Recognized	$	175		$	599		$	191		$	573		$	183		$	280

	Pension Plan						PBOP Plan						SERP
For the Six Months Ended June 30,	2023			2022			2023			2022			2023			2022
Service Cost	$	1,046		$	1,582		$	746		$	1,444		$	125		$	136
Interest Cost		3,740			2,742			1,450			1,598			377			236
Expected Return on Plan Assets		(5,344	)		(5,440	)		(1,704	)		(1,708	)		—			—
Prior Service Cost Amortization		177			178			397			546			28			28
Actuarial Loss Amortization		—			2,754			(732	)		510			—			399
Sub-total		(381	)		1,816			157			2,390			530			799
Amounts Capitalized and Deferred		864			(464	)		333			(1,133	)		(164	)		(238	)
Net Periodic Benefit Cost Recognized	$	483		$	1,352		$	490		$	1,257		$	366		$	561