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v3.25.2

Stock-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2025
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 |  |  | 563,656 |  | $ | 38.61
Granted |  |  | 195,300 |  | $ | 34.25
Performance criteria adjustment |  |  | (58,379) |  | $ | 36.22
Share units issued |  |  | (103,775) |  | $ | 42.77
Forfeited |  |  | (5,494) |  | $ | 38.00
Nonvested share units at end of period |  |  | 591,308 |  | $ | 36.68
Summary Of RSU Transactions |
|  |  | Number |  | Weighted
|  |  | of |  | Average
|  |  | Stock Units |  | Fair Value
Nonvested stock units at beginning of period |  |  | 210,249 |  | $ | 41.40
Granted |  |  | 156,225 |  | $ | 35.54
Stock units vested |  |  | (54,145) |  | $ | 44.84
Forfeited |  |  | (2,184) |  | $ | 38.27
Nonvested stock units at end of period |  |  | 310,145 |  | $ | 37.54
Summary Of Stock Option Transactions |
|  |  |  | Weighted |  | Weighted |  |  |
|  |  |  | Average |  | Average |  | Aggregate
|  |  |  | Exercise |  | Remaining |  | Intrinsic
|  | Shares |  | Price |  | Life (years) |  | Value
Outstanding at beginning of period |  | 906,902 |  | $ | 36.87 |  |  |  |  |
Granted |  | 197,684 |  | $ | 35.33 |  |  |  |  |
Exercised |  | (11,820) |  | $ | 35.31 |  |  |  |  |
Outstanding at end of period |  | 1,092,766 |  | $ | 36.61 |  | 5.5 |  | $ | 1,682
Exercisable at end of period |  | 800,993 |  | $ | 36.76 |  | 4.1 |  | $ | 1,226
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,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Stock-based compensation within operations and maintenance expenses |  | $ | 1,831 |  | $ | 1,082 |  | $ | 3,247 |  | $ | 1,188
Income tax benefit |  | $ | 463 |  | $ | 271 |  | $ | 821 |  | $ | 297
Assumptions Used In The Pricing Model |
| 2025
Expected term (years) | 3
Risk-free interest rate | 4.19%
Expected volatility | 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,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Stock-based compensation within operations and maintenance expenses |  | $ | 1,621 |  | $ | 724 |  | $ | 2,528 |  | $ | 1,570
Income tax benefit |  | $ | 410 |  | $ | 182 |  | $ | 639 |  | $ | 393
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,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Stock-based compensation within operations and maintenance expenses |  | $ | 840 |  | $ | 71 |  | $ | 1,109 |  | $ | 202
Income tax benefit |  | $ | 211 |  | $ | 17 |  | $ | 279 |  | $ | 50
Assumptions Used In The Pricing Model |
| 2025
Expected term (years) |  | 5.54
Risk-free interest rate |  | 4.22%
Expected volatility |  | 28.50%
Dividend yield |  | 3.69%
Grant date fair value per option | $ | 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,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Stock-based compensation within operations and maintenance expenses |  | $ | 12 |  | $ | 12 |  | $ | 24 |  | $ | 24
Income tax benefit |  | $ | 3 |  | $ | 3 |  | $ | 6 |  | $ | 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,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Stock-based compensation within operations and maintenance expenses |  | $ | - |  | $ | 840 |  | $ | - |  | $ | 840
Income tax benefit |  | $ | - |  | $ | 233 |  | $ | - |  | $ | 233

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