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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
OPERATING REVENUES (Note 2) $ 1,061,669 $ 1,000,249 $ 1,845,200 $ 1,696,724
OPERATING EXPENSES        
Fuel and purchased power 352,187 269,835 617,456 468,062
Operations and maintenance 245,387 229,690 463,729 459,745
Depreciation and amortization 186,497 158,750 373,102 316,570
Taxes other than income taxes 54,118 59,495 112,116 118,978
Other expenses 385 4,093 1,210 7,449
Total 838,574 721,863 1,567,613 1,370,804
OPERATING INCOME 223,095 278,386 277,587 325,920
OTHER INCOME (DEDUCTIONS)        
Allowance for equity funds used during construction 12,086 9,990 21,833 19,197
Pension and other postretirement non-service credits - net (Note 5) 25,257 28,175 49,066 55,966
Other income (Note 9) 1,682 12,207 3,386 24,636
Other expense (Note 9) (4,584) (5,184) (8,006) (9,037)
Total 34,441 45,188 66,279 90,762
INTEREST EXPENSE        
Interest charges 68,103 62,777 133,492 124,715
Allowance for borrowed funds used during construction (5,873) (5,199) (10,355) (10,193)
Total 62,230 57,578 123,137 114,522
INCOME BEFORE INCOME TAXES 195,306 265,996 220,729 302,160
INCOME TAXES 26,688 46,560 30,849 42,210
NET INCOME 168,618 219,436 189,880 259,950
Less: Comprehensive income attributable to noncontrolling interests 4,306 3,739 8,612 8,612
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 164,312 $ 215,697 $ 181,268 $ 251,338
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — BASIC (in shares) 113,172 112,882 113,137 112,855
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — DILUTED (in shares) 113,369 113,223 113,332 113,158
EARNINGS PER WEIGHTED-AVERAGE COMMON SHARE OUTSTANDING        
Net income attributable to common shareholders - basic (in dollars per share) $ 1.45 $ 1.91 $ 1.60 $ 2.23
Net income attributable to common shareholders — diluted (in dollars per share) $ 1.45 $ 1.91 $ 1.60 $ 2.22