INCOME TAXES (Notes)

3 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

Income Tax Disclosure

INCOME TAXES

We use an estimated annual effective tax rate for purposes of determining the income tax provision during interim reporting periods. In calculating our estimated annual effective tax rate, we consider forecasted annual pre-tax income and estimated permanent book versus tax differences, as well as tax credits. Adjustments to the effective tax rate and estimates will occur as information and assumptions change.

At March 31, 2025, we had no uncertain tax positions. Changes in tax laws or tax rates are recognized in the financial reporting period that includes the enactment date. We are no longer subject to income tax examination for years prior to 2020.

Income tax expense reflects credits for the amortization of the regulatory liability associated with EDIT that were returned to customers of $8.1 million and $10.1 million for the three months ended March 31, 2025 and 2024, respectively.