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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
OPERATING REVENUES (Note 2) $ 1,121,703 $ 1,061,669 $ 2,066,658 $ 1,845,200
OPERATING EXPENSES        
Fuel and purchased power 407,754 352,187 802,258 617,456
Operations and maintenance 277,238 245,387 527,318 463,729
Depreciation and amortization 195,101 186,497 387,007 373,102
Taxes other than income taxes 57,642 54,118 114,780 112,116
Other expenses 688 385 1,298 1,210
Total 938,423 838,574 1,832,661 1,567,613
OPERATING INCOME 183,280 223,095 233,997 277,587
OTHER INCOME (DEDUCTIONS)        
Allowance for equity funds used during construction 13,034 12,086 28,095 21,833
Pension and other postretirement non-service credits - net (Note 5) 10,474 25,257 20,339 49,066
Other income (Note 9) 6,406 1,682 12,483 3,386
Other expense (Note 9) (4,813) (4,584) (8,944) (8,006)
Total 25,101 34,441 51,973 66,279
INTEREST EXPENSE        
Interest charges 93,832 68,103 181,951 133,492
Allowance for borrowed funds used during construction (12,317) (5,873) (25,039) (10,355)
Total 81,515 62,230 156,912 123,137
INCOME BEFORE INCOME TAXES 126,866 195,306 129,058 220,729
INCOME TAXES 15,897 26,688 17,080 30,849
NET INCOME 110,969 168,618 111,978 189,880
Less: Comprehensive income attributable to noncontrolling interests 4,306 4,306 8,612 8,612
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 106,663 $ 164,312 $ 103,366 $ 181,268
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — BASIC (in shares) 113,411 113,172 113,385 113,137
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — DILUTED (in shares) 113,717 113,369 113,657 113,332
EARNINGS PER WEIGHTED-AVERAGE COMMON SHARE OUTSTANDING        
Net income attributable to common shareholders - basic (in dollars per share) $ 0.94 $ 1.45 $ 0.91 $ 1.60
Net income attributable to common shareholders — diluted (in dollars per share) $ 0.94 $ 1.45 $ 0.91 $ 1.60