Income Taxes (Tables)

3 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Reconciliation between the statutory rate and ETR:

	Three Months Ended March 31
	2023		2022
Federal statutory rate	21.0	%	21.0	%
State tax (net of federal tax effect)	4.8		4.9
Decreases:
Wind PTCs (a)	(33.1)		(34.4)
Plant regulatory differences (b)	(5.5)		(4.8)
Other tax credits, net operating loss & tax credits allowances	(1.6)		(1.5)
Other (net)	(0.1)		(0.4)
Effective income tax rate	(14.5)	%	(15.2)	%

(a)Wind PTCs are credited to customers (reduction to revenue) and do not materially impact net income.

(b)Regulatory differences for income tax primarily relate to the credit of excess deferred taxes to customers through the average rate assumption method. Income tax benefits associated with the credit of excess deferred taxes are offset by corresponding revenue reductions.