Income Taxes (Tables)

6 Months Ended

Jun. 30, 2026

Income Tax Disclosure [Abstract]

Differences Between Provisions for Income Taxes and Provisions Calculated at Statutory Federal Tax Rate

The following table presents the Company’s provisions for Income Taxes and the provisions calculated at the statutory federal tax rate for the six months ended June 30, 2026:


		For the Six Months Ended June 30, 2026
(Dollars in thousands)		Amount				Rate
U.S. Federal Statutory Tax Rate		$	10,695				21.0	%
State Income Taxes, net of Federal Income Tax			3,323				6.5	%
Production Tax Credit			(98	)			(0.2	)%
Nontaxable and Nondeductible Items
Regulatory Amortization of Excess ADIT			(1,167	)			(2.3	)%
Other			230				0.5	%
Income Tax Expense and Effective Income Tax Rate		$	12,983				25.5	%

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:


		For the Six Months Ended June 30, 2025
Statutory Federal Income Tax Rate			21	%
Income Tax Effects of:
State Income Taxes, net			7
Utility Plant Differences			(4	)
Effective Income Tax Rate			24	%