v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Utility plant:    
Utility plant $ 6,012,052 $ 5,909,242
Less accumulated depreciation and amortization (1,346,695) (1,329,652)
Net utility plant 4,665,357 4,579,590
Current assets:    
Cash and cash equivalents 58,102 51,820
Restricted cash 45,642 45,553
Receivables:    
Customers, net 52,580 56,322
Short-term regulatory accounts 78,336 72,511
Other, net 47,464 49,004
Accrued and unbilled revenue, net 39,879 39,674
Materials and supplies 19,637 19,784
Taxes, prepaid expenses, and other assets 33,521 19,760
Total current assets 375,161 354,428
Other assets:    
Regulatory assets 341,684 339,865
Goodwill 37,063 37,063
Other 360,484 360,219
Total other assets 739,231 737,147
TOTAL ASSETS 5,779,749 5,671,165
Capitalization:    
Common stock, $0.01 par value; 136,000 shares authorized, 59,853 and 59,638 outstanding on March 31, 2026 and December 31, 2025, respectively 599 596
Additional paid-in capital 980,113 973,454
Retained earnings 713,333 729,276
Accumulated other comprehensive loss (13,537) (13,922)
Noncontrolling interest 2,604 2,571
Total equity 1,683,112 1,691,975
Long-term debt, net 1,472,034 1,471,968
Total capitalization 3,155,146 3,163,943
Current liabilities:    
Current maturities of long-term debt, net 821 2,270
Short-term borrowings 230,000 130,000
Accounts payable 164,802 175,729
Short-term regulatory accounts 51,594 25,458
Accrued other taxes 7,460 6,048
Accrued interest 23,471 12,976
Other accrued liabilities 66,809 65,683
Total current liabilities 544,957 418,164
Deferred income taxes 452,591 450,946
Regulatory liabilities 915,692 929,814
Pension 94,733 94,226
Advances for construction 212,175 210,638
Contributions in aid of construction 297,719 297,016
Other long-term liabilities 106,736 106,418
Commitments and contingencies (Note 9)
TOTAL CAPITALIZATION AND LIABILITIES $ 5,779,749 $ 5,671,165
Common Stock Shares Issued Not Disclosed true  

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