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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2014
Summary of Significant Accounting Policies  
Schedule of gross operating revenues by segments

 

Our gross operating revenues in 2014 were derived as follows:

                                                                                                                                                                                    

Electric segment sales*

 

 

90.8 

%

Gas segment sales

 

 

8.0 

 

Other segment sales

 

 

1.2 

 


*

Sales from our electric segment include 0.3% from the sale of water.

        

Operating revenues  
Schedule of asset retirement obligation

 

                                                                                                                                                                                    

(000's)

 

Liability
Balance
12/31/13

 

Liabilities
Recognized

 

Liabilities
Settled

 

Accretion

 

Cash Flow
Revisions

 

Liability
Balance at
12/31/14

 

Asset Retirement Obligation

 

$

4,190

 

$

 

$

(1,175

)

$

172

 

$

1,660

 

$

4,847

 

 

                                                                                                                                                                                    

(000's)

 

Liability
Balance
12/31/12

 

Liabilities
Recognized

 

Liabilities
Settled

 

Accretion

 

Cash Flow
Revisions

 

Liability
Balance at
12/31/13

 

Asset Retirement Obligation

 

$

4,711

 

$

 

$

(734

)

$

213

 

$

 

$

4,190

 

        

Schedule of fuel, materials and supplies

 

These balances are as follows (in thousands):

                                                                                                                                                                                    

 

 

2014

 

2013

 

Electric fuel inventory

 

$

26,454 

 

$

17,003 

 

Natural gas inventory

 

 

5,040 

 

 

3,584 

 

Materials and supplies

 

 

26,305 

 

 

28,224 

 

​  

​  

​  

​  

TOTAL

 

$

57,799 

 

$

48,811 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of weighted average number of shares

 

                                                                                                                                                                                    

 

 

2014

 

2013

 

2012

 

Weighted Average Number Of Shares

 

 

 

 

 

 

 

 

 

 

Basic

 

 

43,291,031 

 

 

42,781,382 

 

 

42,256,641 

 

Dilutive Securities:

 

 

 

 

 

 

 

 

 

 

Performance-based restricted stock awards

 

 

8,809 

 

 

12,142 

 

 

14,500 

 

Dividend equivalents

 

 

 

 

 

 

6,329 

 

Employee stock purchase plan

 

 

3,422 

 

 

1,729 

 

 

1,996 

 

Stock options

 

 

 

 

61 

 

 

3,160 

 

Time-based restricted stock awards

 

 

10,666 

 

 

7,907 

 

 

1,820 

 

​  

​  

​  

​  

​  

​  

Total dilutive securities

 

 

22,897 

 

 

21,839 

 

 

27,805 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Diluted weighted average number of shares

 

 

43,313,928 

 

 

42,803,221 

 

 

42,284,446 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Antidilutive Shares

 

 

25,259 

 

 

107,100 

 

 

128,500 

 

        

Electric  
Operating revenues  
Schedule of operating revenues by major customer classes

 

Our electric operations serve approximately 170,000 customers as of December 31, 2014, and the 2014 electric operating revenues were derived as follows:

                                                                                                                                                                                    

Customer

 

% of revenue

 

Residential

 

 

40.0 

%

Commercial

 

 

29.2 

 

Industrial

 

 

14.4 

 

Wholesale on-system

 

 

3.8 

 

Wholesale off-system

 

 

7.6 

 

Miscellaneous sources, primarily public authorities

 

 

2.6 

 

Other electric revenues

 

 

2.4 

 

        

Schedule of operating revenues, by jurisdiction

Our retail electric revenues for 2014 by jurisdiction were as follows:

                                                                                                                                                                                    

Jurisdiction

 

% of revenue

 

Missouri

 

 

89.7 

%

Kansas

 

 

4.8 

 

Arkansas

 

 

2.7 

 

Oklahoma

 

 

2.8 

 

        

Gas  
Operating revenues  
Schedule of operating revenues by major customer classes

Our gas operations serve approximately 43,500 customers as of December 31, 2014, and the 2014 gas operating revenues were derived as follows:

                                                                                                                                                                                    

Customer

 

% of revenue

 

Residential

 

 

63.4 

%

Commercial

 

 

26.3 

 

Industrial

 

 

1.0 

 

Other

 

 

9.3