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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Operating revenue:        
Electric $ 534,569 $ 537,543 $ 1,735,765 $ 1,736,335
Natural gas 106,826 111,516 597,306 691,685
Other 10,069 11,318 28,253 29,356
Total operating revenue 651,464 660,377 2,361,324 2,457,376
Energy costs:        
Purchased electricity 148,536 115,881 431,856 425,263
Electric generation fuel 71,004 66,584 143,177 152,057
Residential exchange (15,401) (14,246) (55,436) (52,814)
Purchased natural gas 30,192 32,224 211,679 248,208
Unrealized (gain) loss on derivative instruments, net (14,046) (23) (21,953) 23,098
Utility operations and maintenance 139,361 141,003 440,016 438,622
Non-utility expense and other 19,338 7,319 40,587 18,658
Depreciation and amortization 149,760 120,829 486,377 355,538
Conservation amortization 21,601 25,395 82,489 85,847
Taxes other than income taxes 63,822 66,367 248,357 262,099
Total operating expenses 614,167 561,333 2,007,149 1,956,576
Operating income (loss) 37,297 99,044 354,175 500,800
Other income (expense):        
Other income 24,806 7,151 46,378 19,375
Other expense (3,250) (2,878) (7,678) (6,134)
Non-hedged interest rate swap (expense) income 0 0 0 28
Interest charges:        
AFUDC 3,911 3,123 10,112 7,853
Interest expense (87,578) (88,780) (261,988) (265,771)
Income (loss) before income taxes (24,814) 17,660 140,999 256,151
Income tax (benefit) expense (2,844) 4,824 12,428 80,489
Net income (loss) (21,970) 12,836 128,571 175,662
Subsidiaries [Member]        
Operating revenue:        
Electric 534,569 537,543 1,735,765 1,736,335
Natural gas 106,826 111,516 597,306 691,685
Other 10,069 11,318 28,253 29,356
Total operating revenue 651,464 660,377 2,361,324 2,457,376
Energy costs:        
Purchased electricity 148,536 115,881 431,856 425,263
Electric generation fuel 71,004 66,584 143,177 152,057
Residential exchange (15,401) (14,246) (55,436) (52,814)
Purchased natural gas 30,192 32,224 211,679 248,208
Unrealized (gain) loss on derivative instruments, net (14,046) (23) (21,953) 23,098
Utility operations and maintenance 139,361 141,003 440,016 438,622
Non-utility expense and other 10,518 9,994 31,132 27,857
Depreciation and amortization 149,730 120,829 486,300 355,538
Conservation amortization 21,601 25,395 82,489 85,847
Taxes other than income taxes 63,822 66,367 248,357 262,099
Total operating expenses 605,317 564,008 1,997,617 1,965,775
Operating income (loss) 46,147 96,369 363,707 491,601
Other income (expense):        
Other income 13,596 6,778 29,352 18,861
Other expense (3,250) (2,878) (7,678) (6,134)
Interest charges:        
AFUDC 3,911 3,123 10,112 7,853
Interest expense (58,278) (59,868) (174,853) (180,320)
Income (loss) before income taxes 2,126 43,524 220,640 331,861
Income tax (benefit) expense (1,765) 14,424 26,931 109,015
Net income (loss) $ 3,891 $ 29,100 $ 193,709 $ 222,846