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Consolidated Condensed Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current Assets    
Cash and cash equivalents $ 15,432 $ 22,659
Accounts receivable    
Allowance for doubtful accounts (13,558) (15,048)
Accounts receivable, net of allowance for doubtful accounts of $13,558 at June 30, 2011, and $15,048 at December 31, 2010 164,031 286,849
Inventories    
Storage gas inventory 34,632 36,706
Materials and supplies 27,038 19,045
Liquified natural gas in storage 3,693 3,551
Regulatory asset 32,563 28,286
Income tax receivable 5,264 44,489
Deferred income taxes 49,930 32,732
Prepayments and other 10,353 11,966
Total current assets 342,936 486,283
Property, Plant and Equipment    
Oil and gas properties, successful efforts method 4,461,460 4,080,779
Less accumulated depreciation, depletion and amortization 1,256,178 1,161,635
Oil and gas properties, net 3,205,282 2,919,144
Utility plant 1,322,695 1,292,611
Less accumulated depreciation 523,051 509,989
Utility plant, net 799,644 782,622
Other property, net 23,117 17,461
Total property, plant and equipment, net 4,028,043 3,719,227
Other Assets    
Regulatory asset 89,465 105,365
Pension and other postretirement assets 11,947 13,907
Long-term derivative instruments 1,002 0
Deferred charges and other 38,001 38,778
Total other assets 140,415 158,050
TOTAL ASSETS 4,511,394 4,363,560
Current Liabilities    
Long-term debt due within one year 5,000 5,000
Notes payable to banks 302,000 305,000
Accounts payable 263,142 268,214
Accrued taxes 42,783 52,845
Customers' deposits 21,471 20,459
Amounts due customers 10,407 20,161
Accrued wages and benefits 27,985 25,203
Regulatory liability 65,024 75,703
Royalty payable 23,228 19,221
Other 23,275 26,805
Total current liabilities 784,315 818,611
Long-term debt 404,980 405,254
Deferred Credits and Other Liabilities    
Asset retirement obligation 102,120 97,415
Pension and other postretirement liabilities 34,248 36,551
Regulatory liability 92,951 110,447
Long-term derivative instruments 128,505 112,936
Deferred income taxes 697,540 615,084
Other 9,297 13,219
Total deferred credits and other liabilities 1,064,661 985,652
Commitments and Contingencies    
Shareholders' Equity    
Preferred stock, cumulative $0.01 par value 0 0
Common shareholders' equity    
Common stock, $0.01 par value 750 748
Premium on capital stock 480,559 468,934
Capital surplus 2,802 2,802
Retained earnings 2,018,318 1,880,183
Accumulated other comprehensive loss, net of tax    
Unrealized loss on hedges, net (90,738) (43,667)
Pension and postretirement plans (29,365) (30,730)
Deferred compensation plan 3,468 3,288
Treasury stock, at cost; 3,036,997 shares at June 30, 2011, and 3,024,847 shares at December 31, 2010 (128,356) (127,515)
Total shareholders' equity 2,257,438 2,154,043
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 4,511,394 4,363,560
Alabama Gas Corporation
   
Current Assets    
Cash and cash equivalents 13,739 16,910
Accounts receivable    
Gas 52,084 136,800
Other 11,268 10,229
Affiliated companies 2,140 698
Allowance for doubtful accounts (12,700) (14,200)
Inventories    
Storage gas inventory 34,632 36,706
Materials and supplies 4,160 4,147
Liquified natural gas in storage 3,693 3,551
Regulatory asset 32,563 28,286
Income tax receivable 2,077 10,315
Deferred income taxes 25,759 27,302
Prepayments and other 1,771 4,223
Total current assets 171,186 264,967
Property, Plant and Equipment    
Utility plant 1,322,695 1,292,611
Less accumulated depreciation 523,051 509,989
Utility plant, net 799,644 782,622
Other property, net 43 43
Other Assets    
Regulatory asset 89,465 105,365
Pension and other postretirement assets 7,800 9,201
Deferred charges and other 4,833 5,399
Total other assets 102,098 119,965
TOTAL ASSETS 1,072,971 1,167,597
Current Liabilities    
Long-term debt due within one year 5,000 5,000
Notes payable to banks 0 70,000
Accounts payable 71,504 83,515
Accrued taxes 35,872 48,476
Customers' deposits 21,471 20,459
Amounts due customers 10,407 20,161
Accrued wages and benefits 10,345 11,851
Regulatory liability 65,024 75,703
Other 10,154 11,822
Total current liabilities 229,777 346,987
Long-term debt 200,500 200,793
Deferred Credits and Other Liabilities    
Pension and other postretirement liabilities 4,190 4,733
Regulatory liability 92,951 110,447
Long-term derivative instruments 17,657 32,461
Deferred income taxes 170,004 141,780
Other 834 3,077
Total deferred credits and other liabilities 285,636 292,498
Commitments and Contingencies    
Shareholders' Equity    
Preferred stock, cumulative $0.01 par value 0 0
Common shareholders' equity    
Common stock, $0.01 par value 20 20
Premium on capital stock 31,682 31,682
Capital surplus 2,802 2,802
Retained earnings 322,554 292,815
Accumulated other comprehensive loss, net of tax    
Total shareholders' equity 357,058 327,319
Total capitalization 557,558 528,112
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,072,971 $ 1,167,597