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Income Taxes (Details)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Income Tax Disclosure [Abstract]    
Federal statutory rate, percent 21.00% 21.00%
State tax (net of federal tax effect), percent 2.50% 2.20%
Wind PTCs, percent [1] (53.20%) (65.20%)
Plant regulatory differences, percent [2] (4.60%) (3.50%)
Other tax credits, percent 0.30% 0.30%
Other (net), percent 0.10% 0.00%
Effective income tax rate, percent (33.90%) (45.20%)
[1] Wind PTCs net of estimated transfer discounts. Gross wind PTCs are credited to customers (reduction to revenue) and do not materially impact net income.
[2] Plant regulatory differences primarily relate to the credit of excess deferred taxes to customers. Income tax benefits associated with the credit are offset by corresponding revenue reductions.