v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and Cash Equivalents $ 1,819,319 $ 135,351
Receivables, Net (net of allowance for uncollectible accounts) 1,723,357 1,847,094
Unbilled Revenues 182,796 275,108
Materials, Supplies, Natural Gas and REC Inventory 467,200 491,592
Regulatory Assets 1,905,179 1,975,083
Prepayments and Other Current Assets 344,480 352,958
Total Current Assets 6,442,331 5,077,186
Property, Plant and Equipment, Net 45,270,581 45,930,959
Deferred Debits and Other Assets:    
Regulatory Assets 5,241,018 5,718,646
Goodwill 3,571,333 4,233,767
Prepaid Pension and PBOP 1,550,884 1,511,169
Marketable Securities 319,985 317,101
Other Long-Term Assets 1,019,611 997,883
Total Deferred Debits and Other Assets 11,702,831 12,778,566
Total Assets 63,415,743 63,786,711
Current Liabilities:    
Notes Payable 393,700 1,525,445
Long-Term Debt – Current Portion 2,502,629 1,392,948
Rate Reduction Bonds – Current Portion 43,210 43,210
Accounts Payable 1,605,121 1,859,692
Accrued Interest 403,091 380,231
Regulatory Liabilities 1,696,398 1,264,609
Offshore Wind Contingent Liability 409,157 448,158
Other Current Liabilities 1,001,529 894,219
Total Current Liabilities 8,054,835 7,808,512
Deferred Credits and Other Liabilities:    
Accumulated Deferred Income Taxes 5,732,055 5,647,218
Regulatory Liabilities 4,231,128 4,273,465
Derivative Liabilities 390,341 753,149
Asset Retirement Obligations 605,690 595,442
Accrued SERP and PBOP 99,098 100,859
Other Long-Term Liabilities 938,604 1,101,932
Total Deferred Credits and Other Liabilities 11,996,916 12,472,065
Long-Term Debt 26,608,990 26,872,433
Rate Reduction Bonds 259,257 280,862
Noncontrolling Interest – Preferred Stock of Subsidiaries 155,568 155,568
Common Shareholders' Equity:    
Common Shares 1,915,718 1,914,273
Capital Surplus, Paid In 9,993,108 9,937,878
Retained Earnings 4,573,332 4,504,983
Accumulated Other Comprehensive Loss (19,346) (20,507)
Treasury Stock (122,635) (139,356)
Common Shareholders' Equity 16,340,177 16,197,271
Commitments and Contingencies (Note 9)
Total Liabilities and Capitalization $ 63,415,743 $ 63,786,711