Stock-Based Compensation (Tables)
|
6 Months Ended |
Jun. 30, 2025 |
|---|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Schedule Of Performance Goals |
| | Metric 1 – Company’s total shareholder return (“TSR”) compared to the TSR for a specific peer group of investor-owned utilities (a market-based condition) | 40.00% | Metric 2 – Achievement of a three-year average return on equity target (a performance-based condition) | 30.00% | Metric 3 – Achievement of a consolidated operations and maintenance expense target over a three-year measurement period (a performance-based condition) | 30.00% |
|
| Summary Of PSU Transactions |
| | | | | | | | | | | | | | | | | Number | | Weighted | | | | of | | Average | | | | Share Units | | Fair Value | Nonvested share units at beginning of period | | | 563,656 | | $ | 38.61 | Granted | | | 195,300 | | $ | 34.25 | Performance criteria adjustment | | | (58,379) | | $ | 36.22 | Share units issued | | | (103,775) | | $ | 42.77 | Forfeited | | | (5,494) | | $ | 38.00 | Nonvested share units at end of period | | | 591,308 | | $ | 36.68 | | | | | | | |
|
| Summary Of RSU Transactions |
| | | | | | | | | | | | | | | | | Number | | Weighted | | | | of | | Average | | | | Stock Units | | Fair Value | Nonvested stock units at beginning of period | | | 210,249 | | $ | 41.40 | Granted | | | 156,225 | | $ | 35.54 | Stock units vested | | | (54,145) | | $ | 44.84 | Forfeited | | | (2,184) | | $ | 38.27 | Nonvested stock units at end of period | | | 310,145 | | $ | 37.54 |
|
| Summary Of Stock Option Transactions |
| | | | | | | | | | | | | | | | | | | | | | | | | | Weighted | | Weighted | | | | | | | | Average | | Average | | Aggregate | | | | | Exercise | | Remaining | | Intrinsic | | | Shares | | Price | | Life (years) | | Value | Outstanding at beginning of period | | 906,902 | | $ | 36.87 | | | | | | Granted | | 197,684 | | $ | 35.33 | | | | | | Exercised | | (11,820) | | $ | 35.31 | | | | | | Outstanding at end of period | | 1,092,766 | | $ | 36.61 | | 5.5 | | $ | 1,682 | | | | | | | | | | | | Exercisable at end of period | | 800,993 | | $ | 36.76 | | 4.1 | | $ | 1,226 |
|
| Performance Share Units [Member] |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Summary Of Compensation Costs |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | Stock-based compensation within operations and maintenance expenses | | $ | 1,831 | | $ | 1,082 | | $ | 3,247 | | $ | 1,188 | Income tax benefit | | $ | 463 | | $ | 271 | | $ | 821 | | $ | 297 |
|
| Assumptions Used In The Pricing Model |
| | | | | 2025 | Expected term (years) | 3 | Risk-free interest rate | 4.19% | Expected volatility | 23.20% |
|
| Restricted Stock Units [Member] |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Summary Of Compensation Costs |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | Stock-based compensation within operations and maintenance expenses | | $ | 1,621 | | $ | 724 | | $ | 2,528 | | $ | 1,570 | Income tax benefit | | $ | 410 | | $ | 182 | | $ | 639 | | $ | 393 |
|
| Stock Options [Member] |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Summary Of Compensation Costs |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | | June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | Stock-based compensation within operations and maintenance expenses | | $ | 840 | | $ | 71 | | $ | 1,109 | | $ | 202 | Income tax benefit | | $ | 211 | | $ | 17 | | $ | 279 | | $ | 50 | | | | | | | | | | | | | |
|
| Assumptions Used In The Pricing Model |
| | | | 2025 | Expected term (years) | | 5.54 | Risk-free interest rate | | 4.22% | Expected volatility | | 28.50% | Dividend yield | | 3.69% | Grant date fair value per option | $ | 7.95 |
|
| Restricted Stock [Member] |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Summary Of Compensation Costs |
| | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | Stock-based compensation within operations and maintenance expenses | | $ | 12 | | $ | 12 | | $ | 24 | | $ | 24 | Income tax benefit | | $ | 3 | | $ | 3 | | $ | 6 | | $ | 6 |
|
| Stock Awards [Member] |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Summary Of Compensation Costs |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | Stock-based compensation within operations and maintenance expenses | | $ | - | | $ | 840 | | $ | - | | $ | 840 | Income tax benefit | | $ | - | | $ | 233 | | $ | - | | $ | 233 |
|