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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Electric $ 2,961,457 $ 2,671,623 $ 2,319,416
Natural gas 1,209,636 1,067,418 980,913
Other 50,069 66,620 26,121
Total operating revenue 4,221,162 3,805,661 3,326,450
Purchased electricity 1,038,728 784,565 593,719
Electric generation fuel 348,159 282,254 199,107
Residential exchange (77,715) (82,225) (80,294)
Purchased natural gas 500,849 398,553 362,872
Unrealized (gain) loss on derivative instruments, net (261,177) (13,785) 26,807
Utility operations and maintenance 665,259 629,864 597,048
Non-utility expense and other 59,804 58,281 43,425
Depreciation and amortization 663,232 704,783 647,755
Conservation amortization 116,942 103,147 99,585
Taxes other than income taxes 389,442 362,527 328,602
Total operating expenses 3,443,523 3,227,964 2,818,626
Operating income (loss) 777,639 577,697 507,824
Other income 45,450 57,483 58,759
Other expense (19,569) (14,467) (23,207)
AFUDC 18,444 16,743 14,827
Interest expense (347,921) (352,092) (373,822)
Income (loss) before income taxes 474,043 285,364 184,381
Income tax (benefit) expense 59,698 24,515 1,664
Net income (loss) 414,345 260,849 182,717
Subsidiaries [Member]      
Electric 2,961,457 2,671,623 2,319,416
Natural gas 1,209,636 1,067,418 980,913
Other 45,080 66,620 26,121
Total operating revenue 4,216,173 3,805,661 3,326,450
Purchased electricity 1,038,728 784,565 593,719
Electric generation fuel 348,159 282,254 199,107
Residential exchange (77,715) (82,225) (80,294)
Purchased natural gas 500,849 398,553 362,872
Unrealized (gain) loss on derivative instruments, net (261,177) (13,785) 26,807
Utility operations and maintenance 665,259 629,864 597,048
Non-utility expense and other 47,194 56,242 42,266
Depreciation and amortization 657,349 704,372 647,546
Conservation amortization 116,942 103,147 99,585
Taxes other than income taxes 388,123 362,527 328,602
Total operating expenses 3,423,711 3,225,514 2,817,258
Operating income (loss) 792,462 580,147 509,192
Other income 36,684 46,523 46,923
Other expense (19,569) (14,467) (23,207)
AFUDC 18,444 16,743 14,827
Interest expense (256,774) (248,624) (247,213)
Income (loss) before income taxes 571,247 380,322 300,522
Income tax (benefit) expense 80,295 44,259 26,242
Net income (loss) $ 490,952 $ 336,063 $ 274,280