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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
OPERATING REVENUES        
Regulated electricity segment $ 798,669 $ 799,416 $ 1,446,643 $ 1,410,841
Other revenues 1,130 3,379 2,003 4,216
Total 799,799 802,795 1,448,646 1,415,057
OPERATING EXPENSES        
Regulated electricity segment fuel and purchased power 244,049 251,800 456,056 467,340
Operations and maintenance 210,590 213,609 465,619 419,922
Depreciation and amortization 106,617 102,995 213,200 203,629
Taxes other than income taxes 40,155 31,682 77,779 63,405
Other expenses 1,396 1,325 3,216 2,403
Total 602,807 601,411 1,215,870 1,156,699
OPERATING INCOME 196,992 201,384 232,776 258,358
OTHER INCOME (DEDUCTIONS)        
Allowance for equity funds used during construction 5,924 5,504 11,319 10,893
Other income (Note 11) 557 943 2,247 1,892
Other expense (Note 11) (3,186) (5,650) (4,927) (7,176)
Total 3,295 797 8,639 5,609
INTEREST EXPENSE        
Interest charges 60,140 60,751 121,217 121,518
Allowance for borrowed funds used during construction (3,856) (3,072) (7,432) (6,091)
Total 56,284 57,679 113,785 115,427
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 144,003 144,502 127,630 148,540
INCOME TAXES 50,818 51,188 44,813 43,535
INCOME FROM CONTINUING OPERATIONS 93,185 93,314 82,817 105,005
INCOME FROM DISCONTINUED OPERATIONS        
Net of income tax expense of $773 and $16,922 for three months ended and $906 and $9,013 for six months ended June 30, 2011 and 2010, respectively (Note 13) 654 26,252 1,348 13,664
NET INCOME 93,839 119,566 84,165 118,669
Less: Net income attributable to noncontrolling interests (Note 7) 7,154 4,769 12,615 9,886
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 86,685 114,797 71,550 108,783
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares) 109,044 107,355 108,939 104,431
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares) 109,718 107,764 109,540 104,857
EARNINGS PER WEIGHTED-AVERAGE COMMON SHARE OUTSTANDING        
Income from continuing operations attributable to common shareholders - basic (in dollars per share) $ 0.79 $ 0.82 $ 0.64 $ 0.91
Net income attributable to common shareholders - basic (in dollars per share) $ 0.80 $ 1.07 $ 0.66 $ 1.04
Income from continuing operations attributable to common shareholders - diluted (in dollars per share) $ 0.78 $ 0.82 $ 0.64 $ 0.91
Net income attributable to common shareholders - diluted (in dollars per share) $ 0.79 $ 1.07 $ 0.65 $ 1.04
DIVIDENDS DECLARED PER SHARE (in dollars per share) $ 1.05 $ 1.05 $ 1.575 $ 1.575
AMOUNTS ATTRIBUTABLE TO COMMON SHAREHOLDERS:        
Income from continuing operations, net of tax 86,001 88,536 70,163 95,099
Discontinued operations, net of tax 684 26,261 1,387 13,684
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 86,685 $ 114,797 $ 71,550 $ 108,783