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STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating revenues $ 886,936 $ 849,869 $ 917,525
Energy expenses:      
Fuel 173,738 188,400 251,005
Purchased and interchanged power 59,727 53,545 64,804
Cost of services, energy services 233,465 241,945 315,809
Operating revenues net of energy expenses 653,471 607,924 601,716
Other operating expenses:      
Other operations 242,014 242,950 238,832
Maintenance 66,746 65,223 65,629
Depreciation and amortization 84,317 89,824 83,342
Taxes other than income taxes 65,533 63,736 62,750
Utilities operating expense 458,610 461,733 450,553
Operating income 194,861 146,191 151,163
Other income (deductions):      
Allowance for equity funds used during construction 7,023 10,639 14,662
Investment and interest income, net 14,083 17,508 13,633
Miscellaneous non-operating income 1,292 2,062 4,075
Miscellaneous non-operating deductions (3,699) (4,328) (4,199)
Nonoperating income (expense) 18,699 25,881 28,171
Interest charges (credits):      
Interest on long-term debt and revolving credit facility 71,544 65,851 59,028
Other interest 1,303 1,313 1,250
Capitalized interest (4,990) (4,968) (5,092)
Allowance for borrowed funds used during construction (4,983) (6,937) (8,368)
Interest expense 62,874 55,259 46,818
Income before income taxes 150,686 116,813 132,516
Income tax expense 53,918 34,895 41,088
Net income $ 96,768 $ 81,918 $ 91,428
Basic earnings per share $ 2.390 $ 2.030 $ 2.270
Diluted earnings per share 2.390 2.030 2.270
Dividends declared per share of common stock $ 1.225 $ 1.165 $ 1.105
Weighted average number of shares outstanding 40,350,688 40,274,986 40,190,991
Weighted average number of shares and dilutive potential shares outstanding 40,408,033 40,308,562 40,211,717