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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Taxes [Abstract] |
Schedule of Income Tax Expense (Benefit) | Income tax expense (benefit) differs from the amount computed by applying the statutory rate on book income subject to tax for the following reasons:
|  | (In Thousands)
|  | Years Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Income Tax at Statutory Rate |  | $ | 10,764 |  |  | $ | 6,839 |  |  | $ | 9,590 |
Tax Effect of: |  |  |  |  |  |  |  |  |  |  |  |
Utility Plant Related |  |  | (659 | ) |  |  | (1,495 | ) |  |  | (1,106 | )
Tangible Property Repairs |  |  | (4,535 | ) |  |  | (5,475 | ) |  |  | (6,767 | )
State Income Taxes – Net |  |  | 1,270 |  |  |  | 1,117 |  |  |  | 1,296 |
Other |  |  | 65 |  |  |  | 55 |  |  |  | 227 |
Total Income Tax Expense |  | $ | 6,905 |  |  | $ | 1,041 |  |  | $ | 3,240 |
Schedule of Income Tax Expense (Benefit) is Comprised | Income tax expense (benefit) is comprised of the following:
|  | (In Thousands)
|  | Years Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Current: |  |  |  |  |  |
Federal |  | $ | 1,554 |  |  | $ | 2,952 |  |  | $ | 425 |
State |  |  | 1,126 |  |  |  | 1,066 |  |  |  | 1,381 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 3,802 |  |  |  | (3,261 | ) |  |  | 1,242 |
State |  |  | 482 |  |  |  | 348 |  |  |  | 260 |
Investment Tax Credits |  |  | (59 | ) |  |  | (64 | ) |  |  | (68 | )
Total Income Tax Expense |  | $ | 6,905 |  |  | $ | 1,041 |  |  | $ | 3,240 |
Schedule of Deferred Income Taxes Reflect the Net Tax Effect | Deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial purposes and the amounts used for income tax purposes. The components of the net deferred tax liability are as follows:
|  | (In Thousands)
|  | December 31,
|  | 2024 |  | 2023
Utility Plant Related |  | $ | 95,877 |  |  | $ | 84,330 |
Customer Advances |  |  | (3,525 | ) |  |  | (3,546 | )
Employee Benefits |  |  | 7,888 |  |  |  | 7,100 |
Investment Tax Credits |  |  | 181 |  |  |  | 240 |
Other |  |  | 814 |  |  |  | 612 |
Total Accumulated Deferred Income Taxes |  | $ | 101,235 |  |  | $ | 88,736 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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