Segment Information Segment Information (Tables)

12 Months Ended

Dec. 31, 2023


	For the Year Ended December 31,
	2023		2022		2021
(in thousands)
Operating Revenues, Unaffiliated Customers
Regulated Energy	$	471,591	$	422,894	$	381,879
Unregulated Energy	199,013		257,810		188,089

Total operating revenues, unaffiliated customers	$	670,604	$	680,704	$	569,968
Intersegment Revenues (1)
Regulated Energy	$	2,004	$	6,530	$	2,041
Unregulated Energy	24,135		22,940		18,780
Other businesses	182		308		527
Total intersegment revenues	$	26,321	$	29,778	$	21,348
Operating Income
Regulated Energy	$	126,199	$	115,317	$	106,174
Unregulated Energy	24,426		27,350		24,427
Other businesses and eliminations	178		266		511
Operating Income	150,803		142,933		131,112
Other income, net	1,438		5,051		1,720
Interest charges	36,951		24,356		20,135
Income before Income Taxes	115,290		123,628		112,697
Income Taxes	28,078		33,832		29,231
Net Income	$	87,212	$	89,796	$	83,466
Depreciation and Amortization
Regulated Energy (2)	$	48,162	$	52,707	$	48,748
Unregulated Energy	17,347		16,257		13,869
Other businesses and eliminations	(8)		9		44
Total depreciation and amortization	$	65,501	$	68,973	$	62,661
Capital Expenditures
Regulated Energy (3)	$	1,095,871	$	97,554	$	139,733
Unregulated Energy	40,264		40,773		81,651
Other businesses	1,762		2,355		6,425
Total capital expenditures	$	1,137,897	$	140,682	$	227,809

(1) All significant intersegment revenues are billed at market rates and have been eliminated from consolidated revenues.

(2) Depreciation and amortization in 2023 includes a $5.1 million RSAM adjustment. See Note 18 for additional details.

(3) Capital expenditures in 2023 include our acquisition of FCG for $923.4 million. See Note 4 for additional details.


	As of December 31,
(in thousands)	2023		2022
Identifiable Assets
Regulated Energy segment	$	2,781,581	$	1,716,255
Unregulated Energy segment	477,402		463,239
Other businesses and eliminations	45,721		35,543
Total identifiable assets	$	3,304,704	$	2,215,037