XML 53 R41.htm IDEA: XBRL DOCUMENT v3.24.1.u1

INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of effective income tax rate reconciliation

The provision for income taxes differs from the amount of income tax determined by applying the applicable United States statutory federal income tax rate to income before income taxes as a result of the following:

						Three Months Ended March 31, 2024												Three Months Ended March 31, 2023
(in millions)						Amount						Effective Tax Rate						Amount						Effective Tax Rate
Statutory federal income tax						$	149.1					21.0		%				$	122.1					21.0		%
State income taxes net of federal tax benefit						43.4						6.1		%				35.8						6.2		%
PTCs, net						(88.0)						(12.4)		%				(66.2)						(11.4)		%
Federal excess deferred tax amortization						(15.4)						(2.2)		%				(13.1)						(2.3)		%
Other, net						(1.4)						(0.2)		%				(4.5)						(0.8)		%
Total income tax expense						$	87.7					12.3		%				$	74.1					12.7		%

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration