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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
OPERATING REVENUES (Note 4) $ 5,339,939 $ 5,124,915 $ 4,695,991
OPERATING EXPENSES      
Fuel and purchased power 1,933,420 1,822,566 1,792,657
Operations and maintenance 1,185,065 1,165,156 1,058,725
Depreciation and amortization 915,343 895,346 794,043
Taxes other than income taxes 234,797 227,395 224,013
Other expense 3,684 2,389 1,913
Total 4,272,309 4,112,852 3,871,351
OPERATING INCOME 1,067,630 1,012,063 824,640
OTHER INCOME (DEDUCTIONS)      
Allowance for equity funds used during construction (Note 1) 61,146 38,620 53,118
Pension and other postretirement non-service credits, net (Note 9) 12,420 48,870 40,648
Other income (Note 15) 49,406 48,614 33,666
Other expense (Note 15) (30,265) (34,136) (25,056)
Total 92,707 101,968 102,376
INTEREST EXPENSE      
Interest charges 469,701 425,742 374,887
Allowance for borrowed funds used during construction (Note 1) (47,733) (48,270) (43,564)
Total 421,968 377,472 331,323
Income Before Income Taxes 738,369 736,559 595,693
Income Taxes (Note 5) 106,726 110,529 76,912
NET INCOME 631,643 626,030 518,781
Less: Net income attributable to noncontrolling interests (Note 12) 15,112 17,224 17,224
Net Income (Loss) Attributable to Common Shareholders $ 616,531 $ 608,806 $ 501,557
Weighted average common shares outstanding — basic (in shares) 119,687 113,846 113,442
Weighted-average common shares outstanding — diluted (in shares) 121,971 116,232 113,804
Earnings Per Weighted-Average Common Share Outstanding      
Net income attributable to common shareholders — basic (in dollars per share) $ 5.15 $ 5.35 $ 4.42
Net income attributable to common shareholders — diluted (in dollars per share) $ 5.05 $ 5.24 $ 4.41