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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
OPERATING REVENUES (Note 4) $ 1,358,751 $ 1,308,994 $ 2,391,031 $ 2,260,706
OPERATING EXPENSES        
Fuel and purchased power 477,008 437,172 857,079 795,036
Operations and maintenance 286,605 272,266 586,714 529,844
Depreciation and amortization 228,893 225,017 463,833 435,311
Taxes other than income taxes 57,651 58,651 117,005 117,815
Other expense 1,042 2,141 1,626 2,161
Total 1,051,199 995,247 2,026,257 1,880,167
OPERATING INCOME 307,552 313,747 364,774 380,539
OTHER INCOME (DEDUCTIONS)        
Allowance for equity funds used during construction 14,767 8,910 28,016 19,202
Pension and other postretirement non-service credits, net (Note 7) 3,692 12,877 6,650 24,445
Other income (Note 11) 12,104 5,885 29,565 36,492
Other expense (Note 11) (4,259) (3,032) (6,829) (10,599)
Total 26,304 24,640 57,402 69,540
INTEREST EXPENSE        
Interest charges 113,527 108,891 218,470 208,665
Allowance for borrowed funds used during construction (11,559) (11,036) (21,661) (24,177)
Total 101,968 97,855 196,809 184,488
Income Before Income Taxes 231,888 240,532 225,367 265,591
Income taxes 35,018 32,421 28,835 36,312
Net Income 196,870 208,111 196,532 229,279
Less: Net income attributable to noncontrolling interests (Note 8) 4,306 4,306 8,612 8,612
Net Income Attributable to Common Shareholders $ 192,564 $ 203,805 $ 187,920 $ 220,667
Weighted-average common shares outstanding - basic (in shares) 119,517 113,695 119,555 113,658
Weighted-average common shares outstanding - diluted (in shares) 121,865 115,803 121,813 115,015
Earnings Per Weighted-Average Common Share Outstanding        
Net income attributable to common shareholders — basic (in dollars per share) $ 1.61 $ 1.79 $ 1.57 $ 1.94
Net income attributable to common shareholders — diluted (in dollars per share) $ 1.58 $ 1.76 $ 1.54 $ 1.92