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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating revenue:    
Electric $ 758,592 $ 669,090
Natural Gas 392,906 371,031
Other 8,588 6,009
Total operating revenue 1,160,086 1,046,130
Energy costs:    
Purchased electricity 205,410 165,742
Electric generation fuel 60,418 63,624
Residential exchange (25,802) (24,634)
Purchased natural gas 155,015 154,876
Unrealized (gain) loss on derivative instruments, net (23,002) 48,541
Utility operations and maintenance 160,540 154,922
Non-utility expense and other 9,906 12,962
Depreciation & Amortization 208,431 164,816
Conservation amortization 34,060 27,393
Taxes other than income taxes 110,310 105,504
Total operating expenses 895,286 873,746
Operating income (loss) 264,800 172,384
Other income (expense):    
Other income 13,630 14,059
Other expense (1,510) (2,282)
Interest charges:    
AFUDC 3,586 3,643
Interest expense (89,360) (88,884)
Income (loss) before income taxes 191,146 98,920
Income tax (benefit) expense 2,153 3,984
Net income (loss) 188,993 94,936
Subsidiaries [Member]    
Operating revenue:    
Electric 758,592 669,090
Natural Gas 392,906 371,031
Other 8,588 6,009
Total operating revenue 1,160,086 1,046,130
Energy costs:    
Purchased electricity 205,410 165,742
Electric generation fuel 60,418 63,624
Residential exchange (25,802) (24,634)
Purchased natural gas 155,015 154,876
Unrealized (gain) loss on derivative instruments, net (23,002) 48,541
Utility operations and maintenance 160,540 154,922
Non-utility expense and other 9,418 12,735
Depreciation & Amortization 208,362 164,771
Conservation amortization 34,060 27,393
Taxes other than income taxes 110,310 105,504
Total operating expenses 894,729 873,474
Operating income (loss) 265,357 172,656
Other income (expense):    
Other income 11,034 11,283
Other expense (1,510) (2,282)
Interest charges:    
AFUDC 3,586 3,643
Interest expense (62,371) (60,714)
Income (loss) before income taxes 216,096 124,586
Income tax (benefit) expense 16,626 13,265
Net income (loss) $ 199,470 $ 111,321