Company: SPH
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015135
Chunk: 137

Company: SUBURBAN PROPANE PARTNERS LP
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 8
Chunk 137
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 the state.  The proposed UBP amendments, if adopted, will require AES to provide notice each month to its customers that includes a historical comparison between the rates charged by AES and what the customer would have paid had they remained with their existing utility.  The Partnership anticipates that the additional notice requirements mandated by the NY PSC could have a negative effect on customer retention for energy supply companies.

14.GuaranteesThe Partnership has residual value guarantees associated with certain of its operating leases, related primarily to transportation equipment, with remaining lease periods scheduled to expire periodically through fiscal 2033.  Upon completion of the lease period, the Partnership guarantees that the fair value of the equipment will equal or exceed the guaranteed amount, or the Partnership will pay the lessor the difference.  Although the fair value of equipment at the end of its lease term has historically exceeded the guaranteed amounts, the maximum potential amount of aggregate future payments the Partnership could be required to make under these leasing arrangements, assuming the equipment is deemed worthless at the end of the lease term, was $43,197 as of December 28, 2024.  The fair value of residual value guarantees for outstanding operating leases was de minimis as of December 28, 2024 and September 28, 2024.

15.Pension Plans and Other Postretirement BenefitsThe following table provides the components of net periodic benefit costs: 

        Pension Benefits

        Three Months Ended

        December 28,

        December 30,

        2024

        2023

        Interest cost
         
        $
        646

        $
        805

        Expected return on plan assets

        (329
        )

        (315
        )

        Amortization of net loss

        62

        425

        Net periodic benefit cost
         
        $
        379

        $
        915

 19

        Postretirement Benefits

        Three Months Ended

        December 28,

        December 30,

        2024

        2023

        Interest cost
         
        $
        25

        $
        36

        Amortization of prior service credits

        (6
        )

        (65
        )

        Amortization of net (gain)

        (172
        )

        (191
        )

        Net periodic benefit cost
         
        $
        (153
        )
         
        $
        (220
        )
       
       The Partnership expects to contribute