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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating revenues        
Electric $ 199,621 $ 198,277 $ 409,905 $ 409,374
Natural gas 16,889 29,539 80,185 103,330
Other 303 298 683 552
Total operating revenues 216,813 228,114 490,773 513,256
Operating expenses        
Electric fuel and purchased power, non-affiliates 1,159 2,684 2,442 9,180
Purchased power, affiliates 104,413 104,532 216,245 216,458
Cost of natural gas sold and transported 8,120 19,194 50,558 70,336
Operating and maintenance expenses 45,661 48,433 87,834 92,664
Conservation program expenses 2,989 3,015 5,844 5,687
Depreciation and amortization 22,528 19,874 43,889 39,181
Taxes (other than income taxes) 6,874 6,652 14,106 13,449
Loss on Monticello life cycle management/extended power uprate project 0 0 5,237 0
Total operating expenses 191,744 204,384 426,155 446,955
Operating income 25,069 23,730 64,618 66,301
Other income, net 35 (70) 284 54
Allowance for funds used during construction — equity 1,778 1,767 3,997 3,339
Interest charges and financing costs        
Interest charges — includes other financing costs of $410, $377, $812 and $751, respectively 7,771 6,968 15,527 13,835
Allowance for funds used during construction — debt (864) (850) (1,934) (1,608)
Total interest charges and financing costs 6,907 6,118 13,593 12,227
Income before income taxes 19,975 19,309 55,306 57,467
Income taxes 7,463 7,287 20,527 21,210
Net income $ 12,512 $ 12,022 $ 34,779 $ 36,257