v3.25.2
INCOME TAXES (Tables)
6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Differences Between Provisions for Income Taxes and Provisions Calculated at Statutory Federal Tax Rate

The differences between the Company’s provisions for Income Taxes and the provisions calculated at the statutory federal tax rate, expressed in percentages, are shown in the following table:

 

 

For the Six Months Ended June 30,

 

 

2025

 

 

2024

 

Statutory Federal Income Tax Rate

 

 

21

%

 

 

21

%

Income Tax Effects of:

 

 

 

 

 

 

State Income Taxes, net

 

 

7

 

 

 

6

 

Utility Plant Differences

 

 

(4

)

 

 

(3

)

Effective Income Tax Rate

 

 

24

%

 

 

24

%