v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities:    
Net Income $ 907,276 $ 860,949
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 765,175 694,505
Deferred Income Taxes 10,937 297,901
Uncollectible Expense 41,519 26,279
Pension, SERP and PBOP Income, Net (39,373) (35,719)
Pension Contributions (2,500) (2,500)
Regulatory Over/(Under) Recoveries, Net 28,133 (383,152)
Amortization 564,552 (116,462)
Cost of Removal Expenditures (161,020) (113,024)
Other 27,373 (99,544)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (51,220) (95,839)
Taxes Receivable/Accrued, Net 323,484 41,275
Accounts Payable (156,507) (82,355)
Other Current Assets and Liabilities, Net (159,925) (30,288)
Net Cash Flows Provided by Operating Activities 2,097,904 962,026
Investing Activities:    
Investments in Property, Plant and Equipment (2,049,401) (2,220,917)
Proceeds from Sales of Marketable Securities 123,899 91,437
Purchases of Marketable Securities (116,775) (83,502)
Payment for Offshore Wind Contingent Liability (68,632) 0
Investments in Unconsolidated Affiliates (541) (729,354)
Other Investing Activities 8,263 11,355
Net Cash Flows Used in Investing Activities (2,103,187) (2,930,981)
Financing Activities:    
Issuance of Common Shares, Net of Issuance Costs 218,021 248,189
Cash Dividends on Common Shares (540,859) (490,910)
Cash Dividends on Preferred Stock (3,759) (3,759)
Decrease in Notes Payable (662,293) (698,252)
Repayment of Rate Reduction Bonds (21,605) (21,605)
Issuance of Long-Term Debt 1,728,193 3,850,000
Retirement of Long-Term Debt (375,122) (900,000)
Other Financing Activities (26,815) (48,493)
Net Cash Flows Provided by Financing Activities 315,761 1,935,170
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash 310,478 (33,785)
Cash and Restricted Cash - Beginning of Period 127,308 166,418
Cash, Cash Equivalents and Restricted Cash - End of Period $ 437,786 $ 132,633