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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Operating revenues        
Electric $ 216,289 $ 216,545 $ 625,663 $ 592,730
Natural gas 14,484 14,266 117,814 89,178
Other 273 249 825 742
Total operating revenues 231,046 231,060 744,302 682,650
Operating expenses        
Electric fuel and purchased power, non-affiliates 2,707 4,968 11,887 11,000
Purchased power, affiliates 105,092 106,554 321,550 305,539
Cost of natural gas sold and transported 7,854 7,483 78,190 52,770
Operating and maintenance expenses 47,899 42,521 140,563 127,189
Conservation program expenses 3,005 3,133 8,692 9,243
Depreciation and amortization 19,940 19,359 59,121 57,265
Taxes (other than income taxes) 7,009 6,273 20,458 19,008
Total operating expenses 193,506 190,291 640,461 582,014
Operating income 37,540 40,769 103,841 100,636
Other (expense) income, net (9) (61) 45 209
Allowance for funds used during construction — equity 1,576 1,029 4,915 2,755
Interest charges and financing costs        
Interest charges — includes other financing costs of $408, $389, $1,159 and $1,150, respectively 7,701 7,191 21,536 20,860
Allowance for funds used during construction — debt (733) (471) (2,341) (1,280)
Total interest charges and financing costs 6,968 6,720 19,195 19,580
Income before income taxes 32,139 35,017 89,606 84,020
Income taxes 12,109 13,004 33,319 31,778
Net income $ 20,030 $ 22,013 $ 56,287 $ 52,242