v3.26.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule Of Performance Goals

Metric 1 – Company’s total shareholder return (“TSR”) compared to the TSR for a specific peer group of investor-owned utilities (a market-based condition)

40.00%

Metric 2 – Achievement of a three-year average return on equity target (a performance-based condition)

30.00%

Metric 3 – Achievement of a consolidated operations and maintenance expense target over a three-year measurement period (a performance-based condition)

30.00%

Summary Of PSU Transactions

Number

Weighted

of

Average

Share Units

Fair Value

Nonvested share units at beginning of period

512,454

$

35.85

Granted

172,080

$

41.44

Performance criteria adjustment

(21,934)

$

34.92

Actual vested

(84,704)

$

45.07

Forfeited

(14,324)

$

37.30

Nonvested share units at end of period

563,572

$

36.17

Summary Of RSU Transactions

Number

Weighted

of

Average

Stock Units

Fair Value

Nonvested stock units at beginning of period

297,334

$

37.52

Granted

149,931

$

39.28

Stock units vested

(109,832)

$

40.92

Forfeited

(7,793)

$

36.93

Nonvested stock units at end of period

329,640

$

37.50

Summary Of Stock Option Transactions

Weighted

Weighted

Average

Average

Aggregate

Exercise

Remaining

Intrinsic

Shares

Price

Life (years)

Value

Outstanding at beginning of period

1,069,386

$

36.63

Granted

197,851

$

39.15

Forfeited

(2,895)

$

36.61

Exercised

(23,175)

$

33.07

Outstanding at end of period

1,241,167

$

37.11

5.4

$

2,587

Exercisable at end of period

875,772

$

36.94

3.8

$

2,125

Summary Of Restricted Stock Transactions

Number

Weighted

of

Average

Shares

Fair Value

Nonvested restricted stock at beginning of period

-

$

-

Granted

1,323

$

37.79

Vested

-

$

-

Nonvested restricted stock at end of period

1,323

$

37.79

Performance Share Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary Of Compensation Costs

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Stock-based compensation within operations and maintenance expenses

$

2,417

$

1,831

$

3,568

$

3,247

Income tax benefit

$

608

$

463

$

898

$

821

Assumptions Used In The Pricing Model

2026

2025

Expected term (years)

3

3

Risk-free interest rate

3.63%

4.19%

Expected volatility

21.61%

23.20%

Restricted Stock Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary Of Compensation Costs

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Stock-based compensation within operations and maintenance expenses

$

1,053

$

1,621

$

2,288

$

2,528

Income tax benefit

$

265

$

410

$

576

$

639

Stock Options [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary Of Compensation Costs

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Stock-based compensation within operations and maintenance expenses

$

245

$

840

$

525

$

1,109

Income tax benefit

$

61

$

211

$

132

$

279

Assumptions Used In The Pricing Model

2026

2025

Expected term (years)

5.5

5.5

Risk-free interest rate

3.85%

4.22%

Expected volatility

22.48%

28.50%

Dividend yield

3.49%

3.69%

Grant date fair value per option

$

7.00

$

7.95

Restricted Stock [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary Of Compensation Costs

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Stock-based compensation within operations and maintenance expenses

$

12

$

12

$

24

$

24

Income tax benefit

$

4

$

3

$

7

$

6

Stock Awards [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary Of Compensation Costs

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Stock-based compensation within operations and maintenance expenses

$

810

$

-

$

810

$

-

Income tax benefit

$

218

$

-

$

218

$

-

Summary Of Nonvested Share Activity

Number

Weighted

of

Average

Stock Awards

Fair Value

Nonvested stock awards at beginning of period

-

$

-

Granted

21,996

$

36.83

Vested

(21,996)

$

36.83

Nonvested stock awards at end of period

-

$

-