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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
OPERATING REVENUES (Note 2) $ 1,768,801 $ 1,637,759 $ 4,029,507 $ 3,704,417
OPERATING EXPENSES        
Fuel and purchased power 631,382 614,520 1,426,418 1,416,778
Operations and maintenance 308,061 250,019 837,905 777,337
Depreciation and amortization 229,450 203,438 664,761 590,445
Taxes other than income taxes 52,777 53,169 170,592 167,949
Other expense 145 350 2,306 1,648
Total 1,221,815 1,121,496 3,101,982 2,954,157
OPERATING INCOME 546,986 516,263 927,525 750,260
OTHER INCOME (DEDUCTIONS)        
Allowance for equity funds used during construction 9,588 11,976 28,790 40,071
Pension and other postretirement non-service credits - net (Note 5) 12,188 10,174 36,633 30,513
Other income (Note 9) 6,774 15,941 43,234 28,424
Other expense (Note 9) (4,013) (6,972) (14,580) (15,916)
Total 24,537 31,119 94,077 83,092
INTEREST EXPENSE        
Interest charges 109,925 96,909 318,590 278,860
Allowance for borrowed funds used during construction (11,901) (9,092) (36,078) (34,131)
Total 98,024 87,817 282,512 244,729
Income Before Income Taxes 473,499 459,565 739,090 588,623
Income Taxes 74,227 57,045 110,539 74,125
Net Income 399,272 402,520 628,551 514,498
Less: Net income attributable to noncontrolling interests (Note 6) 4,306 4,306 12,918 12,918
Net Income Attributable to Common Shareholders $ 394,966 $ 398,214 $ 615,633 $ 501,580
Weighted-average common shares outstanding - basic (in shares) 113,729 113,464 113,682 113,411
Weighted-average common shares outstanding - diluted (in shares) 117,119 113,838 115,717 113,718
Earnings Per Weighted-Average Common Share Outstanding        
Net income attributable to common shareholders - basic (in dollars per share) $ 3.47 $ 3.51 $ 5.42 $ 4.42
Net income attributable to common shareholders - diluted (in dollars per share) $ 3.37 $ 3.50 $ 5.32 $ 4.41