Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 452,840	$ 501,778
Restricted cash	478,968	478,968
Accounts receivable and unbilled revenues, net	452,184	491,526
Regulatory assets	48,353	50,039
Other	341,975	305,999
Assets held for sale	55,596	56,266
Total current assets	1,829,916	1,884,576
Noncurrent assets:
Property, plant and equipment, net of accumulated depreciation of $3,571,501 and $3,518,501 at March 31, 2026 and December 31, 2025, respectively	6,237,196	6,188,372
Operating lease right-of-use assets	52,416	56,604
Regulatory assets	263,179	258,076
Defined benefit pension and other postretirement benefit plans asset	219,730	219,211
Other	311,766	316,040
Total noncurrent assets	7,084,287	7,038,303
Total assets	8,914,203	8,922,879
Current liabilities:
Accounts payable	220,103	219,062
Interest and dividends payable	49,142	31,458
Current portion of long-term debt, net	124,990	124,959
Regulatory liabilities	35,562	51,997
Wildfire related claims	526,500	530,000
Other	350,987	410,458
Liabilities held for sale	60,607	59,803
Total current liabilities	1,367,891	1,427,737
Noncurrent liabilities:
Long-term debt, net	2,280,388	2,285,016
Operating lease liabilities	38,619	43,278
Finance lease liabilities	502,526	505,590
Regulatory liabilities	1,413,907	1,392,147
Defined benefit pension liability	23,612	23,656
Wildfire tort-related claims	1,436,250	1,436,250
Other	213,641	203,286
Total noncurrent liabilities	5,908,943	5,889,223
Total liabilities	7,276,834	7,316,960
Commitments and contingencies (Notes 2 and 4)
Shareholders’ equity
Preferred stock, no par value, authorized 10,000,000 shares; issued: none	0	0
Common stock, no par value, authorized 400,000,000 shares; issued and outstanding: 172,635,624 shares and 172,620,476 shares at March 31, 2026 and December 31, 2025, respectively	2,269,261	2,268,187
Retained earnings (deficit)	(635,156)	(665,606)
Accumulated other comprehensive income, net of taxes	3,264	3,338
Total shareholders’ equity	1,637,369	1,605,919
Total liabilities and shareholders’ equity	$ 8,914,203	$ 8,922,879