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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income (loss) $ 69,690 $ (22,334)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 33,401 30,433
Change in value of life insurance contracts (1,667) (1,641)
Allowance for equity funds used during construction (1,742) (1,404)
Changes in operating assets and liabilities:    
Receivables and unbilled revenue 21,523 17,089
Accounts payable (20,043) (11,230)
Other current assets (6,028) (1,342)
Other current liabilities 17,409 10,024
Other changes in noncurrent assets and liabilities (86,028) 1,375
Net cash provided by operating activities 26,515 20,970
Investing activities:    
Utility plant expenditures (109,806) (81,980)
Life insurance proceeds 1,426 0
Purchase of life insurance contracts (1,426) 0
Asset acquisitions 0 (102)
Net cash used in investing activities (109,806) (82,082)
Financing activities:    
Short-term borrowings, net of debt issuance costs of $0 for 2024 and $1,552 for 2023 170,000 93,448
Repayment of short-term borrowings (70,000) (35,000)
Repayment of long-term debt (206) (214)
Advances and contributions in aid of construction 4,522 3,696
Refunds of advances for construction (2,351) (2,248)
Repurchase of common stock (1,142) (1,542)
Issuance of common stock 769 18,842
Dividends paid (16,164) (14,456)
Others 1,160 0
Net cash provided by financing activities 86,588 62,526
Change in cash, cash equivalents, and restricted cash 3,297 1,414
Cash, cash equivalents, and restricted cash at beginning of period 84,966 85,025
Cash, cash equivalents, and restricted cash at end of period 88,263 86,439
Supplemental information:    
Cash paid for interest (net of amounts capitalized) 3,359 1,578
Supplemental disclosure of non-cash activities:    
Accrued payables for investments in utility plant 37,498 42,038
Utility plant contribution by developers $ 8,417 $ 7,032

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