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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
OPERATING REVENUES (Note 2) $ 1,637,759 $ 1,469,871 $ 3,704,417 $ 3,315,071
OPERATING EXPENSES        
Fuel and purchased power 614,520 556,571 1,416,778 1,174,027
Operations and maintenance 250,019 251,663 777,337 715,392
Depreciation and amortization 203,438 190,389 590,445 563,491
Taxes other than income taxes 53,169 53,475 167,949 165,591
Other expenses 350 200 1,648 1,410
Total 1,121,496 1,052,298 2,954,157 2,619,911
OPERATING INCOME 516,263 417,573 750,260 695,160
OTHER INCOME (DEDUCTIONS)        
Allowance for equity funds used during construction 11,976 9,133 40,071 30,966
Pension and other postretirement non-service credits - net (Note 5) 10,174 24,673 30,513 73,739
Other income (Note 9) 15,941 2,219 28,424 5,605
Other expense (Note 9) (6,972) (6,745) (15,916) (14,751)
Total 31,119 29,280 83,092 95,559
INTEREST EXPENSE        
Interest charges 96,909 72,185 278,860 205,677
Allowance for borrowed funds used during construction (9,092) (8,692) (34,131) (19,047)
Total 87,817 63,493 244,729 186,630
INCOME BEFORE INCOME TAXES 459,565 383,360 588,623 604,089
INCOME TAXES 57,045 52,728 74,125 83,577
NET INCOME 402,520 330,632 514,498 520,512
Less: Net income attributable to noncontrolling interests (Note 6) 4,306 4,306 12,918 12,918
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDER $ 398,214 $ 326,326 $ 501,580 $ 507,594
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — BASIC (in shares) 113,464 113,211 113,411 113,162
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — DILUTED (in shares) 113,838 113,463 113,718 113,376
EARNINGS PER WEIGHTED-AVERAGE COMMON SHARE OUTSTANDING        
Net income attributable to common shareholders - basic (in dollars per share) $ 3.51 $ 2.88 $ 4.42 $ 4.49
Net income attributable to common shareholders — diluted (in dollars per share) $ 3.50 $ 2.88 $ 4.41 $ 4.48