Taxes on Income (Tables)

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements [Abstract]

Components of income tax expense table

		Years Ended December 31,
		2011		2010		2009
					(In thousands)
Current:
	Federal	$	4,637	$	1,963	$	(44,060)
	State		(4,395)		(2,352)		(5,250)
			242		(389)		(49,310)
Deferred:
	Federal		95,972		93,330		108,956
	State		7,566		14,088		12,254
			103,538		107,418		121,210
Total federal and state income tax
	expense from continuing operations	$	103,780	$	107,029	$	71,900
Effective tax rate			29%		31%		29%

Deferred tax assets (liabilities) table

			December 31,
			2011		2010
				(In thousands)
Deferred income tax assets:
	Alternative minimum tax credit		$	38,391	$	36,526
	Other postretirement benefits			21,837		20,206
	Pension benefits			32,495		23,491
	Derivative financial instruments (interest rates)			32,057		13,571
	Net operating loss			24,750		-
	Other			34,566		39,245
		Total deferred income tax assets		184,096		133,039
Deferred income tax liabilities:
	Property, plant and equipment			(1,139,135)		(1,032,473)
	Unconsolidated investments (Citrus)			(29,059)		(19,177)
	Goodwill			(16,718)		(16,952)
	Environmental reserve			(11,641)		(9,374)
	Other			(19,268)		(32,296)
		Total deferred income tax liabilities		(1,215,821)		(1,110,272)
Net deferred income tax liability				(1,031,725)		(977,233)
	Less current income tax assets (liabilities)			13,152		36,630
Accumulated deferred income taxes			$	(1,044,877)	$	(1,013,863)

EITR reconciliation table

			Years Ended December 31,
			2011		2010		2009
				(In thousands)
Computed statutory income tax expense at 35%			$	125,721	$	122,387	$	88,018
Changes in income taxes resulting from:
	Earnings from unconsolidated investments related to
		anticipated receipt of dividends		(27,317)		(26,973)		(20,300)
	State income taxes, net of federal income tax benefit			2,296		7,878		4,553
	Other			3,080		3,737		(371)
Actual income tax expense from continuing operations			$	103,780	$	107,029	$	71,900

Schedule Of Unrecognized Tax Benefits Rollforward [Table Text Block]

		Years ended December 31,
		2011		2010		2009
			(In thousands)
Beginning of the year		$	15,837	$	12,864	$	7,210
Additions:
	Tax positions taken in prior years		188		-		2,195
	Tax positions taken in current year		3,354		3,146		3,459
Reductions:
	Settlements		(791)		(173)		-
End of year		$	18,588	$	15,837	$	12,864