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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
OPERATING REVENUES (Note 2) $ 5,124,915 $ 4,695,991 $ 4,324,385
OPERATING EXPENSES      
Fuel and purchased power 1,822,566 1,792,657 1,629,343
Operations and maintenance 1,165,156 1,058,725 987,072
Depreciation and amortization 895,346 794,043 753,195
Taxes other than income taxes 227,395 224,013 220,370
Other expense 2,389 1,913 2,494
Total 4,112,852 3,871,351 3,592,474
OPERATING INCOME 1,012,063 824,640 731,911
OTHER INCOME (DEDUCTIONS)      
Allowance for equity funds used during construction (Note 1) 38,620 53,118 45,263
Pension and other postretirement non-service credits, net (Note 7) 48,870 40,648 98,487
Other income (Note 16) 48,614 33,666 7,916
Other expense (Note 16) (34,136) (25,056) (52,385)
Total 101,968 102,376 99,281
INTEREST EXPENSE      
Interest charges 425,742 374,887 283,569
Allowance for borrowed funds used during construction (Note 1) (48,270) (43,564) (28,030)
Total 377,472 331,323 255,539
INCOME BEFORE INCOME TAXES 736,559 595,693 575,653
INCOME TAXES (Note 4) 110,529 76,912 74,827
NET INCOME 626,030 518,781 500,826
Less: Net income attributable to noncontrolling interests (Note 17) 17,224 17,224 17,224
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 608,806 $ 501,557 $ 483,602
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — BASIC (in shares) 113,846 113,442 113,196
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — DILUTED (in shares) 116,232 113,804 113,416
EARNINGS PER WEIGHTED-AVERAGE COMMON SHARE OUTSTANDING      
Net income attributable to common shareholders — basic (in dollars per share) $ 5.35 $ 4.42 $ 4.27
Net income attributable to common shareholders — diluted (in dollars per share) $ 5.24 $ 4.41 $ 4.26