XML 25 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating revenue:        
Electric $ 563,822 $ 468,366 $ 1,322,414 $ 1,137,456
Natural Gas 195,124 177,609 588,030 548,640
Other 10,444 5,704 19,032 11,713
Total operating revenue 769,390 651,679 1,929,476 1,697,809
Energy costs:        
Purchased electricity 162,515 125,487 367,925 291,229
Electric generation fuel 56,448 32,974 116,866 96,598
Residential exchange (17,592) (16,167) (43,394) (40,801)
Purchased natural gas 62,829 61,257 217,844 216,133
Unrealized (gain) loss on derivative instruments, net (61,276) (12,162) (84,278) 36,379
Utility operations and maintenance 150,167 148,120 310,707 303,042
Non-utility expense and other 9,566 15,841 19,472 28,803
Depreciation & Amortization 165,930 136,865 374,361 301,681
Conservation amortization 21,901 20,321 55,961 47,714
Taxes other than income taxes 76,837 68,793 187,147 174,297
Total operating expenses 627,325 581,329 1,522,611 1,455,075
Operating income (loss) 142,065 70,350 406,865 242,734
Other income (expense):        
Other income 14,490 16,576 28,120 30,635
Other expense (2,350) (8,468) (3,860) (10,750)
Interest charges:        
AFUDC 3,775 3,914 7,361 7,557
Interest expense (90,407) (106,793) (179,767) (195,677)
Income (loss) before income taxes 67,573 (24,421) 258,719 74,499
Income tax (benefit) expense 12,331 (1,188) 14,484 2,796
Net income (loss) 55,242 (23,233) 244,235 71,703
Subsidiaries [Member]        
Operating revenue:        
Electric 563,822 468,366 1,322,414 1,137,456
Natural Gas 195,124 177,609 588,030 548,640
Other 10,444 5,704 19,032 11,713
Total operating revenue 769,390 651,679 1,929,476 1,697,809
Energy costs:        
Purchased electricity 162,515 125,487 367,925 291,229
Electric generation fuel 56,448 32,974 116,866 96,598
Residential exchange (17,592) (16,167) (43,394) (40,801)
Purchased natural gas 62,829 61,257 217,844 216,133
Unrealized (gain) loss on derivative instruments, net (61,276) (12,162) (84,278) 36,379
Utility operations and maintenance 150,167 148,120 310,707 303,042
Non-utility expense and other 8,952 15,048 18,370 27,783
Depreciation & Amortization 165,803 136,816 374,165 301,587
Conservation amortization 21,901 20,321 55,961 47,714
Taxes other than income taxes 76,837 68,793 187,147 174,297
Total operating expenses 626,584 580,487 1,521,313 1,453,961
Operating income (loss) 142,806 71,192 408,163 243,848
Other income (expense):        
Other income 11,427 12,862 22,461 24,145
Other expense (2,350) (8,468) (3,860) (10,750)
Interest charges:        
AFUDC 3,775 3,914 7,361 7,557
Interest expense (62,869) (62,464) (125,240) (123,178)
Income (loss) before income taxes 92,789 17,036 308,885 141,622
Income tax (benefit) expense 14,425 1,999 31,051 15,264
Net income (loss) $ 78,364 $ 15,037 $ 277,834 $ 126,358