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IMMATERIAL RESTATEMENT OF PRIOR PERIOD FINANCIAL STATEMENTS | 12 Months Ended
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Dec. 31, 2022
Accounting Changes and Error Corrections [Abstract] |
IMMATERIAL RESTATEMENT OF PRIOR PERIOD FINANCIAL STATEMENTS | IMMATERIAL RESTATEMENT OF PRIOR PERIOD FINANCIAL STATEMENTS Subsequent to the issuance of the Company's Consolidated Financial Statements for the year ended December 31, 2021, during the fourth quarter of 2022, the Company identified an immaterial error for a regulatory liability and corresponding decreases to operating revenue and deferred income taxes that were not recorded in 2019 associated with customer refunds. The error does not impact customer billings or cash refunded to customers. The Company corrected the error in the accompanying Consolidated Financial Statements through a restatement of the opening retained earnings balance for the year ended December 31, 2020. The Company believes the correction of the error is immaterial to the previously issued Consolidated Financial Statements for prior periods. The corrections to the Company's Consolidated Balance Sheet as of December 31, 2021 were as follows: Consolidated Balance Sheet
| December 31, 2021
| As Previously Reported |  | Corrections |  | As Corrected
| (In thousands)
CAPITALIZATION AND LIABILITIES
Capitalization: |  |  |  |  |
Retained earnings | $ | 525,936 |  |  | $ | (11,063) |  |  | $ | 514,873 |
Total equity | $ | 1,182,980 |  |  | $ | (11,063) |  |  | $ | 1,171,917 |
Total capitalization | $ | 2,238,774 |  |  | $ | (11,063) |  |  | $ | 2,227,711 |
Current liabilities: |  |  |  |  |
Regulatory balancing accounts | $ | 17,547 |  |  | $ | 15,361 |  |  | $ | 32,908 |
Total current liabilities | $ | 256,576 |  |  | $ | 15,361 |  |  | $ | 271,937 |
Deferred income taxes | $ | 298,945 |  |  | $ | (4,298) |  |  | $ | 294,647 |
The Company also corrected corresponding December 31, 2021 amounts included in Note 4 and Note 10. The corrections to the Company's Consolidated Statements of Equity for the years ended December 31, 2021 and 2020 were as follows:
| As of December 31, 2021
| As Previously Reported |  | Corrections |  | As Corrected
| (In thousands)
Retained earnings | $ | 525,936 |  |  | $ | (11,063) |  |  | $ | 514,873 |
Total equity | $ | 1,182,980 |  |  | $ | (11,063) |  |  | $ | 1,171,917 |
| As of December 31, 2020
| As Previously Reported |  | Corrections |  | As Corrected
| (In thousands)
Retained earnings | $ | 472,209 |  |  | $ | (11,063) |  |  | $ | 461,146 |
Total equity | $ | 921,344 |  |  | $ | (11,063) |  |  | $ | 910,281 |
| As of December 31, 2019
| As Previously Reported |  | Corrections |  | As Corrected
| (In thousands)
Retained earnings | $ | 417,146 |  |  | $ | (11,063) |  |  | $ | 406,083 |
Total equity | $ | 779,906 |  |  | $ | (11,063) |  |  | $ | 768,843 |

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- Definition The entire disclosure for reporting error correction. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794 + Details
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