Financial Instruments & Related Fair Value (Tables)

6 Months Ended

Apr. 30, 2014

Financial Instruments And Related Fair Value Tables [Abstract]

Assets And Liabilities Measured And Recorded At Fair Value On Recurring Basis

The following table sets forth, by level of the fair value hierarchy, our financial assets that were accounted for at fair value on a recurring basis as of April 30, 2014 and October 31, 2013.

Recurring Fair Value Measurements as of April 30, 2014
			Significant				Effects of
	Quoted Prices		Other		Significant		Netting and
	in Active		Observable		Unobservable		Cash Collateral		Total
	Markets		Inputs		Inputs		Receivables /		Carrying
In thousands	(Level 1)		(Level 2)		(Level 3)		Payables		Value
Assets:
Derivatives held for utility operations	$	2,001	$	-	$	-	$	-	$	2,001
Debt and equity securities held as trading securities:
Money markets		474		-		-		-		474
Mutual funds		3,384		-		-		-		3,384
Total fair value assets	$	5,859	$	-	$	-	$	-	$	5,859

Recurring Fair Value Measurements as of October 31, 2013
			Significant				Effects of
	Quoted Prices		Other		Significant		Netting and
	in Active		Observable		Unobservable		Cash Collateral		Total
	Markets		Inputs		Inputs		Receivables /		Carrying
In thousands	(Level 1)		(Level 2)		(Level 3)		Payables		Value
Assets:
Derivatives held for utility operations	$	1,834	$	-	$	-	$	-	$	1,834
Debt and equity securities held as trading securities:
Money markets		380		-		-		-		380
Mutual funds		2,814		-		-		-		2,814
Total fair value assets	$	5,028	$	-	$	-	$	-	$	5,028

Fair Value By Balance Sheet Grouping

The carrying amount and fair value of our long-term debt,including the current portion, which is classified within Level 2, are shown below.

		Carrying
In thousands		Amount	*		Fair Value
As of April 30, 2014	$	1,175,000		$	1,321,226
As of October 31, 2013		1,275,000			1,409,892
* Excludes discount on issuance of notes of $140 and $143 as of April 30, 2014 and October 31, 2013, respectively.

The following table presents the fair value and balance sheet classification of our financial options for natural gas as of April 30, 2014 and October 31, 2013.

Fair Value of Derivative Instruments
		Fair Value		Fair Value
In thousands		April 30, 2014		October 31, 2013
Derivatives Not Designated as Hedging Instruments under Derivative Accounting Standards:
Asset Financial Instruments:
Current Assets - Gas purchase derivative assets (June 2014-October 2014)	$	2,001
Current Assets - Gas purchase derivative assets (December 2013-October 2014)			$	1,834

Amount Of Gain Loss Recognized On Derivatives And Deferred Under PGA Procedures

The following table presents the impact that financial instruments not designated as hedging instruments under derivative accounting standards would have had on theCondensed Consolidated Statements ofComprehensive Income for the three months and sixmonths ended April 30, 2014 and 2013, absent the regulatory treatment under our approved PGA procedures.

									Location of Gain (Loss)
									Recognized through
In thousands		Amount of Gain (Loss) Recognized on Derivatives and Deferred Under PGA Procedures							PGA Procedures
		Three Months Ended				Six Months Ended
		April 30				April 30
		2014		2013		2014		2013
Gas purchase options	$	3,297	$	(1,816)	$	7,826	$	(4,291)	Cost of Gas