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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating revenue:    
Electric $ 669,090 $ 798,928
Natural Gas 371,031 304,668
Other 6,009 11,243
Total operating revenue 1,046,130 1,114,839
Energy costs:    
Purchased electricity 165,742 270,702
Electric generation fuel 63,624 77,199
Residential exchange (24,634) (25,163)
Purchased natural gas 154,876 99,387
Unrealized (gain) loss on derivative instruments, net 48,541 (15,187)
Utility operations and maintenance 154,922 157,955
Non-utility expense and other 12,962 13,757
Depreciation & Amortization 164,816 180,697
Conservation amortization 27,393 33,286
Taxes other than income taxes 105,504 108,746
Total operating expenses 873,746 901,379
Operating income(loss) 172,384 213,460
Other income (expense):    
Other income 14,059 13,564
Other expense (2,282) (1,776)
Interest charges:    
AFUDC 3,643 3,350
Interest expense (88,884) (88,016)
Income (loss) before income taxes 98,920 140,582
Income tax (benefit) expense 3,984 8,428
Net income (loss) 94,936 132,154
Subsidiaries [Member]    
Operating revenue:    
Electric 669,090 798,928
Natural Gas 371,031 304,668
Other 6,009 11,243
Total operating revenue 1,046,130 1,114,839
Energy costs:    
Purchased electricity 165,742 270,702
Electric generation fuel 63,624 77,199
Residential exchange (24,634) (25,163)
Purchased natural gas 154,876 99,387
Unrealized (gain) loss on derivative instruments, net 48,541 (15,187)
Utility operations and maintenance 154,922 157,955
Non-utility expense and other 12,735 13,077
Depreciation & Amortization 164,771 180,678
Conservation amortization 27,393 33,286
Taxes other than income taxes 105,504 108,746
Total operating expenses 873,474 900,680
Operating income(loss) 172,656 214,159
Other income (expense):    
Other income 11,283 10,549
Other expense (2,282) (1,776)
Interest charges:    
AFUDC 3,643 3,350
Interest expense (60,714) (60,150)
Income (loss) before income taxes 124,586 166,132
Income tax (benefit) expense 13,265 18,830
Net income (loss) $ 111,321 $ 147,302