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Income Taxes - Schedule of Income Tax Expense (Benefit) Statutory Rate vs Actual Rate (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Computed tax at federal statutory rate      
Computed tax at federal statutory rate $ 41,719 $ 71,469 $ 25,924
Federal statutory rate 21.00% 21.00% 21.00%
Increases (reductions) resulting from:      
State income taxes, net of federal income tax $ 4,047 $ 3,605 $ 2,484
State income taxes, net of federal income tax, rate 2.00% 1.10% 2.00%
State investment tax credit, net of federal income tax $ 2,400 $ 1,545 $ 1,624
State investment tax credit, net of federal income tax, rate 1.20% 0.50% 1.30%
Executive compensation $ 2,111 $ 564 $ 683
Executive compensation, rate 1.10% 0.20% 0.60%
Federal renewable energy credit $ (16,871) $ (15,175) $ (15,343)
Federal renewable energy credit, rate (8.50%) (4.50%) (12.40%)
Excess deferred income tax amortization $ (8,121) $ (8,383) $ (9,008)
Excess deferred income tax amortization, rate (4.10%) (2.50%) (7.30%)
State tax rate change $ (2,317) $ (9) $ (3)
State tax rate change, rate (1.20%) 0.00% 0.00%
Research and development tax credit $ (1,465) $ (1,985) $ (1,692)
Research and development tax credit, rate (0.70%) (0.60%) (1.40%)
Nonqualified benefit plans $ (1,142) $ (1,313) $ 1,516
Nonqualified benefit plans, rate (0.60%) (0.40%) 1.20%
Tax-free debt for equity exchange $ 0 $ (38,967) $ 0
Tax-free debt for equity exchange, rate 0.00% (11.40%) 0.00%
Other $ (2,772) $ (1,138) $ 10
Other, rate (1.40%) (0.30%) 0.00%
Income taxes $ 17,589 $ 10,213 $ 6,195
Total income tax expense, rate 8.80% 3.10% 5.00%