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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Utility Plant [Abstract]    
Electric plant $ 10,300,895 $ 9,729,643
Natural gas plant 4,721,982 4,498,198
Common plant 1,103,783 1,155,567
Less: Accumulated depreciation and amortization (4,341,789) (4,031,458)
Net utility plant 11,784,871 11,351,950
Other property and investments:    
Goodwill 1,656,513 1,656,513
Other property and investments 328,535 324,897
Total other property and investments 1,985,048 1,981,410
Current assets:    
Cash and cash equivalents 105,740 56,946
Restricted cash 63,045 46,204
Accounts receivable, net of allowance for doubtful accounts of $41,962 and $34,958, respectively 673,236 398,895
Unbilled revenue 284,022 271,606
Materials and supplies, at average cost 132,172 113,287
Fuel and natural gas inventory, at average cost 94,075 59,393
Unrealized gain on derivative instruments 587,029 128,210
Prepaid expenses and other 41,940 46,293
Power contract acquisition adjustment gain 16,736 17,274
Total current assets 1,997,995 1,138,108
Other long-term and regulatory assets:    
Power cost adjustment mechanism 112,207 79,546
Purchased gas adjustment receivable 0 57,935
Regulatory assets related to power contracts 7,904 9,689
Other regulatory assets 784,231 815,058
Unrealized gain on derivative instruments 94,621 26,197
Power contract acquisition adjustment gain 46,924 63,660
Operating lease right-of-use asset 193,509 184,957
Other 180,204 163,374
Total other long-term and regulatory assets 1,419,600 1,400,416
Total assets 17,187,514 15,871,884
Common shareholder’s equity:    
Common stock $0.01 par value, 1,000 shares authorized, 200 shares outstanding 0 0
Additional paid-in capital 3,523,532 3,523,532
Retained earnings 1,465,331 1,067,216
Accumulated other comprehensive income (loss), net of tax (24,774) (27,432)
Total common shareholder’s equity 4,964,089 4,563,316
Long-term debt:    
First mortgage bonds and senior notes 4,662,000 4,662,000
Pollution control bonds 161,860 161,860
Long-term debt 2,034,300 1,583,300
Debt discount, issuance costs and other 194,787 203,394
Total long-term debt 6,663,373 6,203,766
Total capitalization 11,627,462 10,767,082
Current liabilities:    
Accounts payable 665,750 444,384
Short-term debt 441,300 140,000
Current maturities of long-term debt 0 450,000
Accrued expenses:    
Taxes 116,098 127,398
Salaries and wages 60,537 47,936
Interest 62,148 67,807
Unrealized loss on derivative instruments 124,976 63,309
Power contract acquisition adjustment loss 1,638 1,785
Operating lease liabilities 20,342 20,398
Other 70,685 62,406
Total current liabilities 1,563,474 1,425,423
Other Long-term and regulatory liabilities:    
Deferred income taxes 985,947 912,484
Unrealized loss on derivative instruments 18,366 40,965
Purchased gas adjustment liability 3,536 0
Regulatory liabilities 1,147,143 844,184
Regulatory liability for deferred income taxes 811,161 865,976
Regulatory liabilities related to power contracts 63,660 80,934
Power contract acquisition adjustment loss 6,266 7,904
Operating lease liabilities 181,265 172,510
Finance lease liabilities 102,518 105,303
Other deferred credits 676,716 649,119
Total long-term and regulatory liabilities 3,996,578 3,679,379
Commitments and contingencies (Note 16)
Total capitalization and liabilities $ 17,187,514 $ 15,871,884
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 1,000 1,000
Common stock, shares outstanding (in shares) 200 200
Subsidiaries [Member]    
Utility Plant [Abstract]    
Electric plant $ 12,071,531 $ 11,535,976
Natural gas plant 5,276,156 5,054,622
Common plant 1,125,217 1,177,598
Less: Accumulated depreciation and amortization (6,688,033) (6,416,246)
Net utility plant 11,784,871 11,351,950
Other property and investments:    
Other property and investments 80,076 74,602
Total other property and investments 80,076 74,602
Current assets:    
Cash and cash equivalents 102,840 50,043
Restricted cash 63,045 46,204
Accounts receivable, net of allowance for doubtful accounts of $41,962 and $34,958, respectively 671,071 402,602
Unbilled revenue 284,014 271,606
Materials and supplies, at average cost 132,172 113,287
Fuel and natural gas inventory, at average cost 91,783 58,129
Unrealized gain on derivative instruments 587,029 128,210
Prepaid expenses and other 41,940 46,293
Total current assets 1,973,894 1,116,374
Other long-term and regulatory assets:    
Power cost adjustment mechanism 112,207 79,546
Purchased gas adjustment receivable 0 57,935
Other regulatory assets 784,231 815,058
Unrealized gain on derivative instruments 94,621 26,197
Operating lease right-of-use asset 193,509 184,957
Other 176,833 162,391
Total other long-term and regulatory assets 1,361,401 1,326,084
Total assets 15,200,242 13,869,010
Common shareholder’s equity:    
Common stock $0.01 par value, 1,000 shares authorized, 200 shares outstanding 859 859
Additional paid-in capital 3,535,105 3,485,105
Retained earnings 1,438,163 982,607
Accumulated other comprehensive income (loss), net of tax (103,044) (113,141)
Total common shareholder’s equity 4,871,083 4,355,430
Long-term debt:    
First mortgage bonds and senior notes 4,662,000 4,662,000
Pollution control bonds 161,860 161,860
Debt discount, issuance costs and other 37,095 39,141
Total long-term debt 4,786,765 4,784,719
Total capitalization 9,657,848 9,140,149
Current liabilities:    
Accounts payable 664,457 451,716
Short-term debt 357,000 140,000
Accrued expenses:    
Taxes 116,472 133,406
Salaries and wages 60,537 47,936
Interest 52,170 51,832
Unrealized loss on derivative instruments 124,976 63,309
Operating lease liabilities 20,342 20,398
Other 70,685 62,406
Total current liabilities 1,466,639 971,003
Other Long-term and regulatory liabilities:    
Deferred income taxes 1,139,600 1,084,203
Unrealized loss on derivative instruments 18,366 40,965
Purchased gas adjustment liability 3,536 0
Regulatory liabilities 1,145,879 842,920
Regulatory liability for deferred income taxes 811,724 866,541
Operating lease liabilities 181,265 172,510
Finance lease liabilities 102,518 105,303
Other deferred credits 672,867 645,416
Total long-term and regulatory liabilities 4,075,755 3,757,858
Commitments and contingencies (Note 16)
Total capitalization and liabilities $ 15,200,242 $ 13,869,010
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 150,000,000 150,000,000
Common stock, shares outstanding (in shares) 85,903,791 85,903,791