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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities    
Net income $ 126,239 $ 105,422
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation of property, plant and equipment 112,946 111,516
Other amortization 4,811 14,552
Provision for loan losses 9,504 10,927
Loans receivable originated and purchased, held for sale (304,289) (137,507)
Proceeds from sale of loans receivable, held for sale 302,844 127,163
Change in deferred income taxes 82,582 60,957
Change in excess tax benefits from share-based payment arrangements (65) (39)
Allowance for equity funds used during construction (5,548) (4,131)
Change in cash overdraft   (2,688)
Changes in assets and liabilities    
Increase in accounts receivable and unbilled revenues, net (30,610) (75,905)
Increase in fuel oil stock (31,372) (4,592)
Decrease in accounts, interest and dividends payable (5,905) (57,746)
Change in prepaid and accrued income taxes and utility revenue taxes (5,121) 40,418
Contributions to defined benefit pension and other postretirement benefit plans (64,006) (56,395)
Change in other assets and liabilities (70,406) (30,863)
Net cash provided by operating activities 121,604 101,089
Cash flows from investing activities    
Available-for-sale investment and mortgage-related securities purchased (146,794) (202,061)
Principal repayments on available-for-sale investment and mortgage-related securities 104,310 283,931
Proceeds from sale of available-for-sale investment and mortgage-related securities 3,548 32,799
Net increase in loans held for investment (75,982) (153,745)
Proceeds from sale of real estate acquired in settlement of loans 9,659 5,298
Capital expenditures (225,961) (148,107)
Contributions in aid of construction 33,106 15,106
Other 865 (2,923)
Net cash used in investing activities (297,249) (169,702)
Cash flows from financing activities    
Net increase in deposit liabilities 56,756 87,429
Net increase in short-term borrowings with original maturities of three months or less 13,398 26,272
Net increase (decrease) in retail repurchase agreements (22,011) 614
Proceeds from issuance of long-term debt 457,000 125,000
Repayment of long-term debt (368,500) (150,000)
Change in excess tax benefits from share-based payment arrangements 65 39
Net proceeds from issuance of common stock 16,881 14,861
Common stock dividends (71,966) (77,070)
Preferred stock dividends of subsidiaries (1,417) (1,417)
Other (6,314) (4,283)
Net cash provided by (used in) financing activities 73,892 21,445
Net increase (decrease) in cash and cash equivalents (101,753) (47,168)
Cash and cash equivalents, beginning of period 270,265 330,651
Cash and cash equivalents, end of period $ 168,512 $ 283,483