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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating revenue:        
Electric $ 468,366 $ 510,742 $ 1,137,456 $ 1,309,670
Natural gas 177,609 153,457 548,640 458,125
Other 5,704 6,731 11,713 17,974
Total operating revenue 651,679 670,930 1,697,809 1,785,769
Energy costs:        
Purchased electricity 125,487 124,001 291,229 394,703
Electric generation fuel 32,974 37,601 96,598 114,800
Residential exchange (16,167) (15,972) (40,801) (41,135)
Purchased natural gas 61,257 41,116 216,133 140,503
Unrealized (gain) loss on derivative instruments, net (12,162) 30,332 36,379 15,145
Utility operations and maintenance 148,120 149,424 303,042 307,379
Non-utility expense and other 15,841 10,620 28,803 24,377
Depreciation & amortization 136,865 164,715 301,681 345,412
Conservation amortization 20,321 20,029 47,714 53,315
Taxes other than income taxes 68,793 69,949 174,297 178,695
Total operating expenses 581,329 631,815 1,455,075 1,533,194
Operating income(loss) 70,350 39,115 242,734 252,575
Other income (expense):        
Other income 16,576 15,439 30,635 29,003
Other expense (8,468) (1,825) (10,750) (3,601)
Interest charges:        
AFUDC 3,914 3,570 7,557 6,920
Interest expense (106,793) (87,770) (195,677) (175,786)
Income (loss) before income taxes (24,421) (31,471) 74,499 109,111
Income tax (benefit) expense (1,188) 1,481 2,796 9,909
Net income (loss) (23,233) (32,952) 71,703 99,202
Subsidiaries [Member]        
Operating revenue:        
Electric 468,366 510,742 1,137,456 1,309,670
Natural gas 177,609 153,457 548,640 458,125
Other 5,704 6,731 11,713 17,974
Total operating revenue 651,679 670,930 1,697,809 1,785,769
Energy costs:        
Purchased electricity 125,487 124,001 291,229 394,703
Electric generation fuel 32,974 37,601 96,598 114,800
Residential exchange (16,167) (15,972) (40,801) (41,135)
Purchased natural gas 61,257 41,116 216,133 140,503
Unrealized (gain) loss on derivative instruments, net (12,162) 30,332 36,379 15,145
Utility operations and maintenance 148,120 149,424 303,042 307,379
Non-utility expense and other 15,048 9,978 27,783 23,055
Depreciation & amortization 136,816 164,692 301,587 345,370
Conservation amortization 20,321 20,029 47,714 53,315
Taxes other than income taxes 68,793 69,949 174,297 178,695
Total operating expenses 580,487 631,150 1,453,961 1,531,830
Operating income(loss) 71,192 39,780 243,848 253,939
Other income (expense):        
Other income 12,862 12,412 24,145 22,961
Other expense (8,468) (1,825) (10,750) (3,601)
Interest charges:        
AFUDC 3,914 3,570 7,557 6,920
Interest expense (62,464) (59,935) (123,178) (120,085)
Income (loss) before income taxes 17,036 (5,998) 141,622 160,134
Income tax (benefit) expense 1,999 2,327 15,264 21,157
Net income (loss) $ 15,037 $ (8,325) $ 126,358 $ 138,977