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INCOME TAXES - Reconciliation of Statutory Income Tax Expense (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Amount      
U.S. federal statutory tax rate $ 30,860 $ 48,840 $ 9,365
State and local income tax, net of federal (national) income tax effect 10,257 16,234 3,718
TCJA refund (11,638) (11,508) (11,618)
Effect of regulatory treatment of fixed asset differences (9,539) (11,053) (9,478)
AFUDC equity (2,363) (1,931) (1,553)
Investment tax credits (71) (71) (74)
Change in valuation allowances 0    
Stock-based compensation 991 962 677
Change in unrecognized tax benefits 331    
Other adjustments 278    
Other   1,016 2,182
Total income tax $ 19,106 $ 42,489 $ (6,781)
Percent      
U.S. federal statutory tax rate 21.00%    
State and local income tax, net of federal (national) income tax effect 7.00%    
TCJA refund (7.90%)    
Effect of regulatory treatment of fixed asset differences (6.50%)    
AFUDC equity (1.60%)    
Investment tax credits (0.10%)    
Change in valuation allowances 0.00%    
Stock-based compensation 0.70%    
Change in unrecognized tax benefits 0.20%    
Other adjustments 0.20%    
Effective tax rate 13.00%