3 unchanged sentences
Our policy is to manage interest rates through the use of fixed rate long-term debt and, to a lesser extent, short-term debt.
−Removed: The Company’s interest rate risk related to existing fixed rate, long-term debt is not material due to the term of the majority of our First Mortgage Bonds, which have final maturity dates ranging from 2026 to 2059.
+Added: The Company’s interest rate risk related to existing
+Added: fixed rate, long-term debt is not material due to the term of the majority of our First Mortgage Bonds, which have final maturity dates ranging from 2026 to 2059.
Over the next twelve months, approximately $7.7 million of existing long-term debt instruments will mature.
6 unchanged sentences
Our primary credit risk is exposure to customer default on contractual obligations and the associated loss that may be incurred due to the non-payment of customer accounts receivable balances.
−Removed: Our credit risk is managed through established credit and collection policies which are in compliance
−Removed: with applicable regulatory requirements and involve monitoring of customer exposure and the use of credit risk mitigation measures such as letters of credit or prepayment arrangements.
+Added: Our credit risk is managed through established credit and collection policies which are in compliance with applicable regulatory requirements and involve monitoring of customer exposure and the use of credit risk mitigation measures such as letters of credit or prepayment arrangements.
Our credit portfolio is diversified with no significant customer or industry concentrations.
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.