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STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating revenues $ 916,797 $ 886,936 $ 849,869
Energy expenses:      
Fuel 185,069 173,738 188,400
Purchased and interchanged power 59,682 59,727 53,545
Cost of services, energy services 244,751 233,465 241,945
Operating revenues net of energy expenses 672,046 653,471 607,924
Other operating expenses:      
Other operations 242,628 242,014 242,950
Maintenance 69,458 66,746 65,223
Depreciation and amortization 90,843 84,317 89,824
Taxes other than income taxes 70,863 65,533 63,736
Utilities operating expense 473,792 458,610 461,733
Operating income 198,254 194,861 146,191
Other income (deductions):      
Allowance for equity funds used during construction 3,025 7,023 10,639
Investment and interest income, net 17,757 14,083 17,508
Miscellaneous non-operating income 715 1,292 2,062
Miscellaneous non-operating deductions (3,125) (3,699) (4,328)
Nonoperating income 18,372 18,699 25,881
Interest charges (credits):      
Interest on long-term debt and revolving credit facility 72,970 71,544 65,851
Other interest 2,388 1,303 1,313
Capitalized interest (5,022) (4,990) (4,968)
Allowance for borrowed funds used during construction (2,975) (4,983) (6,937)
Interest expense 67,361 62,874 55,259
Income before income taxes 149,265 150,686 116,813
Income tax expense 51,004 53,918 34,895
Net income $ 98,261 $ 96,768 $ 81,918
Basic earnings per share $ 2.420 $ 2.390 $ 2.030
Diluted earnings per share 2.420 2.390 2.030
Dividends declared per share of common stock $ 1.315 $ 1.225 $ 1.165
Weighted average number of shares outstanding 40,414,556 40,350,688 40,274,986
Weighted average number of shares and dilutive potential shares outstanding 40,535,191 40,408,033 40,308,562