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CONDENSED CONSOLIDATED STATEMENTS OF CAPITAL STOCK AND LONG-TERM DEBT (Unaudited) - USD ($) $ in Thousands | Sep. 30, 2025 | Dec. 31, 2024
--- | --- | ---
Common Stock, No Par Value | $ 269,636 | $ 248,202
Retained Earnings | 212,910 | 197,061
TOTAL COMMON EQUITY | 482,546 | 445,263
Cumulative Preferred Stock, No Par Value: |  |
TOTAL PREFERRED STOCK | 1,352 | 1,635
Long-term Debt: |  |
SUBTOTAL LONG-TERM DEBT | 356,659 | 359,386
Add: Premium on Issuance of Long-term Debt | 6,195 | 6,339
Less: Unamortized Debt Expense | (5,058) | (5,192)
Less: Current Portion of Long-term Debt | (7,645) | (7,711)
TOTAL LONG-TERM DEBT | 350,151 | 352,822
First Mortgage Bonds |  |
Long-term Debt: |  |
SUBTOTAL LONG-TERM DEBT | 271,172 | 274,602
Amortizing Secured Notes |  |
Long-term Debt: |  |
SUBTOTAL LONG-TERM DEBT | 64,702 | 66,889
State Revolving Trust Notes |  |
Long-term Debt: |  |
SUBTOTAL LONG-TERM DEBT | 20,785 | 17,895
Convertible Preferred Stock $7.00 Series |  |
Cumulative Preferred Stock, No Par Value: |  |
TOTAL PREFERRED STOCK | 274 | 556
Nonredeemable Preferred Stock $7.00 Series |  |
Cumulative Preferred Stock, No Par Value: |  |
TOTAL PREFERRED STOCK | 78 | 79
Nonredeemable Preferred Stock $4.75 Series |  |
Cumulative Preferred Stock, No Par Value: |  |
TOTAL PREFERRED STOCK | $ 1,000 | $ 1,000

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