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Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Revenues $ 746,447 $ 744,070
Expenses    
Total expenses 693,070 681,650
Operating income (loss)    
Operating income (loss) 53,377 62,420
Retirement defined benefits credit—other than service costs 879 917
Interest expense, net (31,128) (34,212)
Allowance for borrowed funds used during construction 1,705 1,417
Allowance for equity funds used during construction 3,764 3,585
Interest and dividend income 9,995 12,623
Loss on sale of a subsidiary 0 (13,211)
Income before income taxes 38,592 33,539
Income tax expense 8,142 6,395
Net income 30,450 27,144
Preferred stock dividends of subsidiaries 0 473
Net income for common stock $ 30,450 $ 26,671
Basic earnings per common share (in dollars per share) $ 0.18 $ 0.15
Diluted earnings per common share (in dollars per share) $ 0.18 $ 0.15
Weighted-average number of common shares outstanding:    
Weighted-average number of common shares outstanding (in shares) 172,626 172,478
Net effect of potentially dilutive shares (share-based compensation programs) (in shares) 700 334
Weighted-average shares assuming dilution (in shares) 173,326 172,812
Electric utility    
Revenues    
Revenues $ 744,040 $ 738,366
Expenses    
Total expenses 681,507 662,429
Operating income (loss)    
Operating income (loss) 62,533 75,937
Other    
Revenues    
Revenues 2,407 5,704
Expenses    
Total expenses 11,563 19,221
Operating income (loss)    
Operating income (loss) $ (9,156) $ (13,517)