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Segment financial information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of segment financial information

Segment financial information was as follows:

(in thousands)			Electric utility						Bank						Other						Total
2022
Revenues from external customers			$	3,408,583					$	321,068					$	12,334					$	3,741,985
Intersegment revenues (eliminations)			4						—						(4)						—
Revenues			3,408,587						321,068						12,330						3,741,985
Depreciation and amortization			260,744						24,436						9,661						294,841
Interest expense, net			76,416						13,301						26,986						116,703
Income (loss) before income taxes			240,600						102,241						(38,646)						304,195
Income taxes (benefit)			49,676						22,252						(10,761)						61,167
Net income (loss)			190,924						79,989						(27,885)						243,028
Preferred stock dividends of subsidiaries			1,995						—						(105)						1,890
Net income (loss) for common stock			188,929						79,989						(27,780)						241,138
Capital expenditures1			329,457						4,704						9,876						344,037
Assets (at December 31, 2022)			6,597,467						9,545,970						140,807						16,284,244
2021
Revenues from external customers			$	2,539,589					$	306,398					$	4,392					$	2,850,379
Intersegment revenues (eliminations)			47						—						(47)						—
Revenues			2,539,636						306,398						4,345						2,850,379
Depreciation and amortization			251,206						21,124						6,372						278,702
Interest expense, net			72,447						5,040						21,916						99,403
Income (loss) before income taxes			223,785						130,559						(43,481)						310,863
Income taxes (benefit)			44,148						29,325						(10,666)						62,807
Net income (loss)			179,637						101,234						(32,815)						248,056
Preferred stock dividends of subsidiaries			1,995						—						(105)						1,890
Net income (loss) for common stock			177,642						101,234						(32,710)						246,166
Capital expenditures1			292,000						11,131						11,393						314,524
Assets (at December 31, 2021)			6,491,625						9,181,603						149,409						15,822,637
2020
Revenues from external customers			$	2,265,281					$	313,511					$	983					$	2,579,775
Intersegment revenues (eliminations)			39						—						(39)						—
Revenues			2,265,320						313,511						944						2,579,775
Depreciation and amortization			256,479						29,349						4,950						290,778
Interest expense, net			67,794						11,114						20,900						99,808
Income (loss) before income taxes			211,753						69,271						(40,400)						240,624
Income taxes (benefit)			40,418						11,688						(11,196)						40,910
Net income (loss)			171,335						57,583						(29,204)						199,714
Preferred stock dividends of subsidiaries			1,995						—						(105)						1,890
Net income (loss) for common stock			169,340						57,583						(29,099)						197,824
Capital expenditures1			350,864						12,203						20,828						383,895
Assets (at December 31, 2020)			6,457,373						8,396,533						150,101						15,004,007

1    Contributions in aid of construction balances are included in capital expenditures.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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No definition available.

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