2 unchanged sentences
Long-term debt is subject to potential losses based on changes in interest rates.
−Removed: Our long-term debt at September 30, 2020, consists of fixed-rate Senior Notes and $8.0 million of fixed-rate secured debt.
We evaluate whether to refinance existing debt or permanently refinance existing short-term borrowings based in part on the fluctuation in interest rates.
The fluctuation in interest rates expose us to potential increased cost we could incur when we issue debt instruments or to provide financing and liquidity for our business activities.
−Removed: Occasionally, we utilize interest rate swap agreements to mitigate short-term borrowing rate risk.
+Added: We utilize interest rate swap agreements to mitigate short-term borrowing rate risk.
Additional information about our long-term debt and short-term borrowing is disclosed in Note 15, Long-Term Debt, and Note 16, Short-Term Borrowings , respectively, in the condensed consolidated financial statements.
2 unchanged sentences
We have entered into agreements with various wholesale suppliers to purchase natural gas and electricity for resale to our customers.
−Removed: Our regulated energy distribution businesses that sell natural gas or electricity to end-use customers have fuel cost recovery mechanisms authorized by the PSCs that allow us to recover all of the costs prudently incurred in purchasing natural gas and electricity for our customers.
+Added: Our regulated energy distribution businesses that sell natural gas or electricity to end-use customers have fuel cost recovery mechanisms authorized by the respective PSCs that allow us to recover all of the costs prudently incurred in purchasing natural gas and electricity for our customers.
Therefore, our regulated energy distribution operations have limited commodity price risk exposure.
7 unchanged sentences
In order to mitigate this risk, we procure firm capacity that meets our estimated volume requirements and we continue to seek out new producers in order to fulfill our natural gas purchase requirements.
−Removed: The following table reflects the changes in the fair market value of financial derivatives contracts related to propane purchases and sales from December 31, 2019 to September 30, 2020:
−Removed: (in thousands) Balance at December 31, 2019 Increase (Decrease) in Fair Market Value Less Amounts Settled Balance at September 30, 2020
+Added: The following table reflects the changes in the fair market value of financial derivatives contracts related to propane purchases and sales from December 31, 2020 to March 31, 2021:
+Added: (in thousands) Balance at December 31, 2020 Increase (Decrease) in Fair Market Value Less Amounts Settled Balance at March 31, 2021
Sharp $ 3,182 $ 3,285 $ (3,047) $ 3,420
Total $ 3,182 $ 3,285 $ (3,047) $ 3,420
−Removed: There were no changes in methods of valuations during the nine months ended September 30, 2020.
−Removed: The following is a summary of fair market value of financial derivatives as of September 30, 2020, by method of valuation and by maturity for each fiscal year period.
+Added: There were no changes in methods of valuations during the three months ended March 31, 2021.
+Added: The following is a summary of fair market value of financial derivatives as of March 31, 2021, by method of valuation and by maturity for each fiscal year period.
(in thousands) 2021 2022 2023 2024 2025 Total Fair Value
1 unchanged sentence
Total $ 2,071 $ 1,279 $ 86 $ (16) $ — $ 3,420
−Removed: Table of Co ntents
W HOLESALE C REDIT R ISK
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.