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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Operating revenues        
Electric $ 224,666 $ 216,289 $ 634,571 $ 625,663
Natural gas 11,088 14,484 91,273 117,814
Other 407 273 1,090 825
Total operating revenues 236,161 231,046 726,934 744,302
Operating expenses        
Electric fuel and purchased power, non-affiliates 2,624 2,707 5,066 11,887
Purchased power, affiliates 102,297 105,092 318,542 321,550
Cost of natural gas sold and transported 4,375 7,854 54,933 78,190
Operating and maintenance expenses 46,292 47,899 134,126 140,563
Conservation program expenses 2,977 3,005 8,821 8,692
Depreciation and amortization 23,019 19,940 66,908 59,121
Taxes (other than income taxes) 7,045 7,009 21,151 20,458
Loss on Monticello life cycle management/extended power uprate project 0 0 5,237 0
Total operating expenses 188,629 193,506 614,784 640,461
Operating income 47,532 37,540 112,150 103,841
Other income (expense), net 100 (9) 384 45
Allowance for funds used during construction — equity 1,929 1,576 5,926 4,915
Interest charges and financing costs        
Interest charges — includes other financing costs of $461, $408, $1,273 and $1,159, respectively 8,625 7,701 24,152 21,536
Allowance for funds used during construction — debt (931) (733) (2,865) (2,341)
Total interest charges and financing costs 7,694 6,968 21,287 19,195
Income before income taxes 41,867 32,139 97,173 89,606
Income taxes 15,635 12,109 36,162 33,319
Net income $ 26,232 $ 20,030 $ 61,011 $ 56,287