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Income Taxes (Tables)
9 Months Ended
Sep. 30, 2023
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation

Nine Months Ended September 30,

 

2023

 

 

2022

 

U.S. statutory rate

 

 

21.0

%

 

 

21.0

%

Increases (reductions) resulting from:

 

 

 

 

 

 

State taxes, net of federal benefit

 

 

4.1

 

 

 

4.0

 

Reversal of excess deferred income taxes

 

 

(4.8

)

 

 

(4.5

)

Allowance for equity funds used during construction

 

 

 

 

 

(0.2

)

Settlements of uncertain tax positions

 

 

(2.7

)

 

 

 

Other, net

 

 

(0.2

)

 

 

(0.2

)

Effective tax rate

 

 

17.4

%

 

 

20.1

%