XML 108 R80.htm IDEA: XBRL DOCUMENT v3.22.4
Income Tax Expense - Reconciliation of Taxes from Federal Statutory Rate to Total Income Tax Expense (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Reconciliation of Taxes from Federal Statutory Rate to Total Income Tax Expense [Abstract]      
Income Before Non-Controlling Interest and Income Taxes $ 100.1 $ 110.9 $ 109.4
Statutory Federal Income Tax Rate 21.00% 21.00% 21.00%
Income Taxes Computed at Statutory Federal Rate $ 21.0 $ 23.3 $ 23.0
Increase (Decrease) in Tax Due to: [Abstract]      
State Income Taxes – Net of Federal Income Tax Benefit 8.6 8.6 6.5
Effective Income Tax Rate Reconciliation, Deferred Revaluation - Net of Federal Income Tax Benefit (7.9) 0.0 0.0
Production Tax Credits (50.7) (53.5) (62.7)
Effective income Tax Rate Reconciliation - Investment Tax Credits (4.1) 0.0 0.0
Regulatory Differences – Excess Deferred Tax Benefit [1] (9.1) (9.5) (9.9)
Non-controlling interest 11.2 6.3 2.7
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Payment Arrangement, Amount (1.1) (1.0) (0.8)
Other 0.9 (1.1) (2.2)
Total Income Tax Expense (Benefit) $ (31.2) $ (26.9) $ (43.4)
Effective Tax Rate (31.20%) (24.30%) (39.70%)
[1] Excess deferred income taxes are being returned to customers under both the Average Rate Assumption Method and amortization periods as approved by regulators. (See Note 4. Regulatory Matters.)