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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
OPERATING REVENUES (Note 2) $ 3,803,835 $ 3,586,982 $ 3,471,209
OPERATING EXPENSES      
Fuel and purchased power 1,152,551 993,419 1,042,237
Operations and maintenance 954,067 958,910 941,616
Depreciation and amortization 650,875 614,378 590,929
Taxes other than income taxes 234,639 224,835 218,579
Other expenses 6,393 7,288 5,888
Total 2,998,525 2,798,830 2,799,249
OPERATING INCOME 805,310 788,152 671,960
OTHER INCOME (DEDUCTIONS)      
Allowance for equity funds used during construction (Note 1) 41,737 33,776 31,431
Pension and other postretirement non-service credits — net (Note 8) 112,541 56,341 22,989
Other income (Note 17) 45,100 56,703 50,263
Other expense (Note 17) (25,396) (57,776) (17,880)
Total 173,982 89,044 86,803
INTEREST EXPENSE      
Interest charges 254,314 247,501 235,251
Allowance for borrowed funds used during construction (Note 1) (21,052) (18,530) (18,528)
Total 233,262 228,971 216,723
INCOME BEFORE INCOME TAXES 746,030 648,225 542,040
INCOME TAXES (Note 5) 110,086 78,173 (15,773)
NET INCOME 635,944 570,052 557,813
Less: Net income attributable to noncontrolling interests (Note 18) 17,224 19,493 19,493
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 618,720 $ 550,559 $ 538,320
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — BASIC (in shares) 112,910 112,666 112,443
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — DILUTED (in shares) 113,192 112,942 112,758
EARNINGS PER WEIGHTED-AVERAGE COMMON SHARE OUTSTANDING      
Net income attributable to common shareholders - basic (in dollars per share) $ 5.48 $ 4.89 $ 4.79
Net income attributable to common shareholders — diluted (in dollars per share) $ 5.47 $ 4.87 $ 4.77