Capitalization (Tables)

12 Months Ended

Dec. 31, 2016

CAPITALIZATION:

Schedule of maturities of long term debt

Year		(Millions of Dollars) Annual Maturities
	2017	$	6.2
	2018	$	6.6
	2019	$	6.6
	2020	$	6.4
	2021	$	6.4

Schedule of earnings per share

	(In Thousands, Except Per Share Amounts)
	2016					2015					2014
Basic:	Income			Shares		Income			Shares		Income			Shares
Net Income	$	22,742			16,270	$	20,028			16,175	$	18,445			16,052
Preferred Dividend		(144	)				(144	)				(151	)
Earnings Applicable to Common Stock	$	22,598			16,270	$	19,884			16,175	$	18,294			16,052
Basic EPS	$	1.39				$	1.23				$	1.14
Diluted:
Earnings Applicable to Common Stock	$	22,598			16,270	$	19,884			16,175	$	18,294			16,052
$7.00 Series Dividend		67			115		67			115		74			133
$8.00 Series Dividend		24			41		24			41		24			41
Adjusted Earnings Applicable to Common Stock	$	22,689			16,426	$	19,975			16,331	$	18,392			16,226
Diluted EPS	$	1.38				$	1.22				$	1.13

Schedule of carrying amount and estimated fair value of bonds

	(Thousands of Dollars)
	At December 31,
	2016				2015
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Bonds	$	82,786	$	84,821	$	85,600	$	88,431