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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating revenue:        
Electric $ 613,386 $ 500,976 $ 1,935,800 $ 1,638,432
Natural Gas 122,808 112,357 710,838 660,997
Other 34,042 7,093 53,074 18,806
Total operating revenue 770,236 620,426 2,699,712 2,318,235
Energy costs:        
Purchased electricity 190,928 115,631 558,853 406,860
Electric generation fuel 92,883 54,282 209,749 150,880
Residential exchange (16,491) (16,121) (59,885) (56,922)
Purchased natural gas 35,518 31,229 253,362 247,362
Unrealized (gain) loss on derivative instruments, net (88,517) (39,942) (172,795) (3,563)
Utility operations and maintenance 143,873 141,032 454,580 444,074
Non-utility expense and other 24,440 6,340 43,912 35,143
Depreciation & Amortization 162,743 161,209 537,104 462,890
Conservation amortization 19,234 21,295 75,195 69,009
Taxes other than income taxes 68,471 62,163 255,618 236,460
Total operating expenses 633,082 537,118 2,155,693 1,992,193
Operating income (loss) 137,154 83,308 544,019 326,042
Other income (expense):        
Other income 14,626 13,050 42,746 43,685
Other expense (3,317) (2,160) (7,177) (12,910)
Interest charges:        
AFUDC 4,337 3,847 11,698 11,404
Interest expense (84,769) (88,608) (264,536) (284,285)
Income (loss) before income taxes 68,031 9,437 326,750 83,936
Income tax (benefit) expense 18,462 (559) 32,946 2,237
Net income (loss) 49,569 9,996 293,804 81,699
Subsidiaries [Member]        
Operating revenue:        
Electric 613,386 500,976 1,935,800 1,638,432
Natural Gas 122,808 112,357 710,838 660,997
Other 34,042 7,093 53,074 18,806
Total operating revenue 770,236 620,426 2,699,712 2,318,235
Energy costs:        
Purchased electricity 190,928 115,631 558,853 406,860
Electric generation fuel 92,883 54,282 209,749 150,880
Residential exchange (16,491) (16,121) (59,885) (56,922)
Purchased natural gas 35,518 31,229 253,362 247,362
Unrealized (gain) loss on derivative instruments, net (88,517) (39,942) (172,795) (3,563)
Utility operations and maintenance 143,873 141,032 454,580 444,074
Non-utility expense and other 23,920 5,510 42,290 33,293
Depreciation & Amortization 162,629 161,155 536,794 462,742
Conservation amortization 19,234 21,295 75,195 69,009
Taxes other than income taxes 68,471 62,163 255,618 236,460
Total operating expenses 632,448 536,234 2,153,761 1,990,195
Operating income (loss) 137,788 84,192 545,951 328,040
Other income (expense):        
Other income 11,937 10,424 34,398 34,569
Other expense (3,317) (2,160) (7,177) (12,910)
Interest charges:        
AFUDC 4,337 3,847 11,698 11,404
Interest expense (57,718) (61,592) (182,958) (184,770)
Income (loss) before income taxes 93,027 34,711 401,912 176,333
Income tax (benefit) expense 18,902 1,649 49,953 16,913
Net income (loss) $ 74,125 $ 33,062 $ 351,959 $ 159,420