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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 148,780 $ 107,343
Adjustments    
Depreciation and amortization 184,433 174,220
Provision for deferred income taxes 57,833 69,579
Amortization of deferred investment tax credits (759) (771)
Provision for losses on utility accounts receivable 7,402 7,774
Allowance for other funds used during construction (9,438) (5,363)
(Gain) loss on asset dispositions and purchases (626) 296
Pension and non-pension post retirement benefits 40,283 35,720
Other, net (18,922) 25,475
Changes in assets and liabilities    
Receivables and unbilled utility revenues (75,541) (44,705)
Income taxes receivable 1,850 (3,443)
Other current assets 665 (35,564)
Pension and non-pension post retirement benefit contributions (62,591) (72,006)
Accounts payable (43,252) (14,728)
Taxes accrued, including income taxes 68,804 15,580
Interest accrued (2,051) (1,306)
Change in book overdraft 21,515 0
Other current liabilities (1,514) 4,295
Net cash provided by operating activities 316,871 262,396
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (476,300) (391,792)
Acquisitions (44,293) (4,769)
Proceeds from sale of assets and securities 560,010 6,657
Removal costs from property, plant and equipment retirements, net (24,634) (24,038)
Net restricted funds released 14,886 38,517
Net cash provided by (used in) investing activities 29,669 (375,425)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt 14,730 12,275
Repayment of long-term debt (158,188) (64,208)
Net (repayments) borrowings under short-term debt agreements (119,077) 247,946
Proceeds from issuances of employee stock plans and DRIP 12,594 8,852
Advances and contributions for construction, net of refunds of $6,491 and $8,550 at June 30, 2012 and 2011, respectively 16,720 11,193
Change in bank overdraft position (34,812) (25,411)
Debt issuance costs 0 (552)
Redemption of preferred stock (1,100) (6)
Dividends paid (80,943) (77,105)
Other 2,248 399
Net cash (used in) provided by financing activities (347,828) 113,383
Net (decrease) increase in cash and cash equivalents (1,288) 354
Cash and cash equivalents at beginning of period 14,207 13,112
Cash and cash equivalents at end of period 12,919 13,466
Non-cash investing activity:    
Capital expenditures acquired on account but unpaid at quarter-end 93,783 80,573
Non-cash financing activity:    
Long-term debt 68,746 0
Dividends accrued 44,079 40,351
Advances and contributions $ 6,188 $ 10,027