CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current Assets:
Cash	$ 135,351	$ 26,656
Receivables, Net (net of allowance for uncollectible accounts)	1,847,094	1,651,325
Unbilled Revenues	275,108	242,169
Materials, Supplies, Natural Gas and REC Inventory	491,592	594,568
Regulatory Assets	1,975,083	2,189,660
Current Assets Held for Sale	0	56,327
Prepayments and Other Current Assets	352,958	315,368
Total Current Assets	5,077,186	5,076,073
Property, Plant and Equipment, Net	45,930,959	40,986,578
Deferred Debits and Other Assets:
Regulatory Assets	5,718,646	4,880,974
Goodwill	4,233,767	3,571,333
Prepaid Pension and PBOP	1,511,169	1,336,633
Marketable Securities	317,101	320,272
Long-Term Assets Held for Sale	0	2,611,145
Other Long-Term Assets	997,883	811,521
Total Deferred Debits and Other Assets	12,778,566	13,531,878
Total Assets	63,786,711	59,594,529
Current Liabilities:
Notes Payable	1,525,445	2,042,793
Long-Term Debt – Current Portion	1,392,948	1,003,150
Rate Reduction Bonds – Current Portion	43,210	43,210
Accounts Payable	1,859,692	1,736,880
Accrued Interest	380,231	341,558
Regulatory Liabilities	1,264,609	632,282
Current Liabilities Held for Sale	0	52,593
Offshore Wind Contingent Liability - Current Portion	448,158	15,000
Other Current Liabilities	894,219	853,491
Total Current Liabilities	7,808,512	6,720,957
Deferred Credits and Other Liabilities:
Accumulated Deferred Income Taxes	5,647,218	5,411,206
Regulatory Liabilities	4,273,465	4,032,564
Derivative Liabilities	753,149	0
Asset Retirement Obligations	595,442	590,890
Accrued SERP and PBOP	100,859	95,400
Long-Term Liabilities Held for Sale	0	398,859
Offshore Wind Contingent Liability - Long-Term Portion	0	350,000
Other Long-Term Liabilities	1,101,932	773,999
Total Deferred Credits and Other Liabilities	12,472,065	11,652,918
Capitalization:
Long-Term Debt	26,872,433	25,701,627
Rate Reduction Bonds	280,862	324,072
Noncontrolling Interest - Preferred Stock of Subsidiaries	155,568	155,568
Common Shareholders' Equity:
Common Shares	1,914,273	1,878,622
Capital Surplus, Paid In	9,937,878	9,428,905
Retained Earnings	4,504,983	3,929,141
Accumulated Other Comprehensive Income/(Loss)	(20,507)	(26,472)
Treasury Stock	(139,356)	(170,809)
Common Shareholders' Equity	16,197,271	15,039,387
Commitments and Contingencies (Note 13)
Total Liabilities and Capitalization	$ 63,786,711	$ 59,594,529