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Condensed Statements of Income (USD $)
In Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Operating revenue $ 56,098 $ 56,438 $ 115,292 $ 110,927
Operating expenses:        
Fuel and purchased power 22,764 21,616 44,324 45,852
Operations and maintenance 16,195 17,356 34,185 32,361
Depreciation and amortization 6,761 5,684 13,323 10,418
Taxes - property 1,197 1,272 2,362 2,425
Total operating expenses 46,917 45,928 94,194 91,056
Operating income 9,181 10,510 21,098 19,871
Other income (expense):        
Interest expense (4,533) (5,803) (8,753) (11,283)
AFUDC - borrowed 88 187 268 1,801
Interest income 360 1,029 370 1,424
AFUDC - equity 155 230 442 2,237
Other income (expense), net (256) 18 (152) 138
Total other income (expense) (4,186) (4,339) (7,825) (5,683)
Income before income taxes 4,995 6,171 13,273 14,188
Income tax expense (1,254) (2,069) (3,651) (4,152)
Net income $ 3,741 $ 4,102 $ 9,622 $ 10,036