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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities    
Net income $ 78,062 $ 56,547
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation of property, plant and equipment 75,517 75,243
Other amortization 2,999 11,965
Provision for loan losses 5,924 7,105
Loans receivable originated and purchased, held for sale (161,344) (64,028)
Proceeds from sale of loans receivable, held for sale 161,713 71,829
Change in deferred income taxes 41,541 39,051
Change in excess tax benefits from share-based payment arrangements (40) (55)
Allowance for equity funds used during construction (3,937) (2,561)
Change in cash overdraft   (2,305)
Changes in assets and liabilities    
Increase in accounts receivable and unbilled revenues, net (42,428) (52,537)
Increase in fuel oil stock (35,893) (6,509)
Decrease (increase) in accounts, interest and dividends payable 3,578 (41,989)
Change in prepaid and accrued income taxes and utility revenue taxes (12,998) 8,333
Contributions to defined benefit pension and other postretirement benefit plans (53,356) (37,556)
Change in other assets and liabilities (62,910) (7,352)
Net cash provided by (used in) operating activities (3,572) 55,181
Cash flows from investing activities    
Available-for-sale investment and mortgage-related securities purchased (93,808) (193,119)
Principal repayments on available-for-sale investment and mortgage-related securities 75,407 161,526
Proceeds from sale of available-for-sale investment and mortgage-related securities 3,548 2,066
Net increase in loans held for investment (61,214) (104,824)
Proceeds from sale of real estate acquired in settlement of loans 6,036 3,977
Capital expenditures (145,263) (89,088)
Contributions in aid of construction 26,981 8,153
Other   (2,911)
Net cash used in investing activities (188,313) (214,220)
Cash flows from financing activities    
Net increase in deposit liabilities 66,709 79,577
Net increase (decrease) in short-term borrowings with original maturities of three months or less 27,419 (24,923)
Net increase (decrease) in retail repurchase agreements (14,556) 1,803
Proceeds from issuance of long-term debt 417,000 125,000
Repayment of long-term debt (328,500) (50,000)
Change in excess tax benefits from share-based payment arrangements 40 55
Net proceeds from issuance of common stock 11,909 12,071
Common stock dividends (47,851) (47,331)
Preferred stock dividends of subsidiaries (946) (946)
Other (2,055) (172)
Net cash provided by financing activities 129,169 95,134
Net decrease in cash and cash equivalents (62,716) (63,905)
Cash and cash equivalents, beginning of period 270,265 330,651
Cash and cash equivalents, end of period $ 207,549 $ 266,746