v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Property, Plant and Equipment    
Regulated utility plant, at cost $ 2,807,586 $ 2,703,127
Non-utility property, at cost 48,083 44,697
Total 2,855,669 2,747,824
Less - accumulated depreciation (662,088) (648,199)
Net property, plant and equipment 2,193,581 2,099,625
Property, Plant and Equipment, Other, Net [Abstract]    
Other property and investments 52,512 50,418
Current Assets    
Cash and cash equivalents 20,247 26,661
Accounts receivable - customers, less allowance for doubtful accounts 42,179 37,699
Unbilled receivable 27,798 28,446
Receivable from the U.S. government (Note 2) 40,480 41,000
Other accounts receivable, less allowance for doubtful accounts 18,700 6,415
Income taxes receivable, current 0 65
Materials and supplies 15,892 15,140
Regulatory assets — current 53,541 50,504
Prepayments and other current assets 10,657 7,286
Contract assets (Note 2) 22,818 20,130
Total current assets 252,312 233,346
Other Assets    
Unbilled revenue — receivable from the U.S. government (Note 2) 2,178 3,423
Receivable from the U.S. government (Note 2) 32,268 35,486
Contract assets (Note 2) 602 1,518
Operating lease right-of-use assets 7,202 8,028
Regulatory assets 28,020 27,101
Other 41,859 41,264
Total other assets 112,129 116,820
Total Assets 2,610,534 2,500,209
Capitalization    
Common shares, no par value 382,900 355,143
Retained earnings 589,619 564,908
Total common shareholders’ equity 972,519 920,051
Long-term debt 789,484 640,382
Total capitalization 1,762,003 1,560,433
Current Liabilities    
Notes payable to banks 0 124,000
Long-term debt — current 398 385
Accounts payable 76,071 88,591
Income taxes payable 13,975 481
Accrued other taxes 14,294 16,694
Accrued employee expenses 13,248 15,523
Accrued interest 9,456 8,133
Contract liabilities (Note 2) 9,795 5,662
Operating lease liabilities 2,110 2,074
Purchase power contract derivative at fair value (Note 5) 11,244 8,823
Other 11,484 15,159
Total current liabilities 162,075 285,525
Other Credits    
Notes payable to banks 153,000 165,000
Advances for construction 74,537 69,856
Contributions in aid of construction – net 168,560 160,306
Deferred income taxes 188,786 180,173
Regulatory liabilities 43,560 22,926
Unamortized investment tax credits 907 942
Accrued pension and other postretirement benefits 34,916 33,816
Operating lease liabilities 5,511 6,394
Other 16,679 14,838
Total other credits 686,456 654,251
Commitments and Contingencies (Note 9)
Total Capitalization and Liabilities $ 2,610,534 $ 2,500,209
Consolidated Balance Sheets (Parenthetical)    
Common Stock, Par Value (in usd per share) $ 0 $ 0
Common Stock, Shares Authorized (in shares) 60,000,000 60,000,000
Common Stock, Shares, Outstanding (in shares) 38,509,038 38,151,027
GSWC    
Property, Plant and Equipment    
Total $ 2,567,014 $ 2,472,625
Less - accumulated depreciation (572,660) (561,256)
Net property, plant and equipment 1,994,354 1,911,369
Property, Plant and Equipment, Other, Net [Abstract]    
Other property and investments 49,853 47,753
Current Assets    
Cash and cash equivalents 9,393 11,338
Accounts receivable - customers, less allowance for doubtful accounts 38,423 34,712
Unbilled receivable 22,340 19,417
Other accounts receivable, less allowance for doubtful accounts 14,983 3,122
Income taxes receivable, current 0 3,253
Intercompany receivable 46 120
Materials and supplies 6,925 7,543
Regulatory assets — current 40,521 41,099
Prepayments and other current assets 7,932 5,880
Total current assets 140,563 126,484
Other Assets    
Operating lease right-of-use assets 6,916 7,981
Other 38,884 38,394
Total other assets 45,800 46,375
Total Assets 2,230,570 2,131,981
Capitalization    
Common shares, no par value 465,875 413,797
Retained earnings 421,961 392,036
Total common shareholders’ equity 887,836 805,833
Long-term debt 704,879 605,547
Total capitalization 1,592,715 1,411,380
Current Liabilities    
Notes payable to banks 0 124,000
Long-term debt — current 398 385
Accounts payable 60,414 70,896
Income taxes payable 9,927 0
Accrued other taxes 12,218 14,285
Accrued employee expenses 10,531 12,271
Accrued interest 7,743 7,438
Operating lease liabilities 2,016 2,036
Other 10,828 14,468
Total current liabilities 114,075 245,779
Other Credits    
Notes payable to banks 9,000 0
Advances for construction 74,517 69,836
Contributions in aid of construction – net 168,560 160,306
Deferred income taxes 172,653 166,410
Regulatory liabilities 43,560 22,926
Unamortized investment tax credits 907 942
Accrued pension and other postretirement benefits 34,383 33,351
Operating lease liabilities 5,323 6,394
Other 14,877 14,657
Total other credits 523,780 474,822
Commitments and Contingencies (Note 9)
Total Capitalization and Liabilities $ 2,230,570 $ 2,131,981
Consolidated Balance Sheets (Parenthetical)    
Common Stock, Par Value (in usd per share) $ 0 $ 0
Common Stock, Shares Authorized (in shares) 1,000 1,000
Common Stock, Shares, Outstanding (in shares) 177.4086 173.7586