v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities:    
Net Income $ 664,281 $ 907,276
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 844,396 765,175
Deferred Income Taxes 78,473 10,937
Uncollectible Expense 50,585 41,519
Pension, SERP and PBOP Income, Net (54,253) (39,373)
Regulatory Over Recoveries, Net 210,184 28,133
Amortization 358,441 564,552
Cost of Removal Expenditures (102,024) (161,020)
Sale of Aquarion 111,360 0
Loss on Offshore Wind 194,000 0
Other 180,360 24,873
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net 71,340 (51,220)
Taxes Receivable/Accrued, Net 122,183 323,484
Accounts Payable (224,254) (156,507)
Other Current Assets and Liabilities, Net (90,289) (159,925)
Net Cash Flows Provided by Operating Activities 2,414,783 2,097,904
Investing Activities:    
Investments in Property, Plant and Equipment (2,023,472) (2,049,401)
Proceeds from Sales of Marketable Securities 126,090 123,899
Purchases of Marketable Securities (121,375) (116,775)
Payments for Offshore Wind Contingent Liability (233,001) (68,632)
Proceeds from Sale of Aquarion 2,334,136 0
Other Investing Activities 23,090 7,722
Net Cash Flows Used in Investing Activities 105,468 (2,103,187)
Financing Activities:    
Issuance of Common Shares, Net of Issuance Costs 20,205 218,021
Cash Dividends on Common Shares (580,281) (540,859)
Cash Dividends on Preferred Stock (3,759) (3,759)
Decrease in Notes Payable (1,030,445) (662,293)
Repayment of Rate Reduction Bonds (21,605) (21,605)
Issuance of Long-Term Debt 2,404,894 1,728,193
Retirement of Long-Term Debt (1,616,803) (375,122)
Other Financing Activities (44,651) (26,815)
Net Cash Flows (Used in)/Provided by Financing Activities (872,445) 315,761
Net (Decrease)/Increase in Cash and Restricted Cash 1,647,806 310,478
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 246,245 127,308
Cash, Cash Equivalents and Restricted Cash - End of Period $ 1,894,051 $ 437,786