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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
OPERATING REVENUES (Note 4) $ 1,820,741 $ 1,768,801 $ 4,211,772 $ 4,029,507
OPERATING EXPENSES        
Fuel and purchased power 655,969 631,382 1,513,048 1,426,418
Operations and maintenance 299,617 308,061 886,331 837,905
Depreciation and amortization 224,555 229,450 688,388 664,761
Taxes other than income taxes 58,416 52,777 175,421 170,592
Other expense 338 145 1,964 2,306
Total 1,238,895 1,221,815 3,265,152 3,101,982
OPERATING INCOME 581,846 546,986 946,620 927,525
OTHER INCOME (DEDUCTIONS)        
Allowance for equity funds used during construction 17,671 9,588 45,687 28,790
Pension and other postretirement non-service credits, net (Note 7) 2,777 12,188 9,427 36,633
Other income (Note 11) 12,473 6,774 42,038 43,234
Other expense (Note 11) (8,159) (4,013) (14,988) (14,580)
Total 24,762 24,537 82,164 94,077
INTEREST EXPENSE        
Interest charges 125,179 109,925 343,649 318,590
Allowance for borrowed funds used during construction (13,979) (11,901) (35,640) (36,078)
Total 111,200 98,024 308,009 282,512
Income Before Income Taxes 495,408 473,499 720,775 739,090
Income taxes 77,894 74,227 106,729 110,539
Net Income 417,514 399,272 614,046 628,551
Less: Net income attributable to noncontrolling interests (Note 8) 4,306 4,306 12,918 12,918
Net Income Attributable to Common Shareholders $ 413,208 $ 394,966 $ 601,128 $ 615,633
Weighted-average common shares outstanding - basic (in shares) 119,623 113,729 119,578 113,682
Weighted-average common shares outstanding - diluted (in shares) 121,956 117,119 121,861 115,717
Earnings Per Weighted-Average Common Share Outstanding        
Net income attributable to common shareholders — basic (in dollars per share) $ 3.45 $ 3.47 $ 5.03 $ 5.42
Net income attributable to common shareholders — diluted (in dollars per share) $ 3.39 $ 3.37 $ 4.93 $ 5.32