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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating revenues    
Electric $ 211,524 $ 210,284
Natural gas 43,020 63,296
Other 306 380
Total operating revenues 254,850 273,960
Operating expenses    
Electric fuel and purchased power, non-affiliates 3,981 1,283
Purchased power, affiliates 108,714 111,832
Cost of natural gas sold and transported 23,418 42,438
Operating and maintenance expenses 48,619 42,173
Conservation program expenses 3,066 2,855
Depreciation and amortization 24,449 21,361
Taxes (other than income taxes) 7,155 7,232
Loss on Monticello life cycle management/extended power uprate project 0 5,237
Total operating expenses 219,402 234,411
Operating income 35,448 39,549
Other income, net 449 249
Allowance for funds used during construction — equity 810 2,219
Interest charges and financing costs    
Interest charges — includes other financing costs of $462 and $402, respectively 8,604 7,756
Allowance for funds used during construction — debt (347) (1,070)
Total interest charges and financing costs 8,257 6,686
Income before income taxes 28,450 35,331
Income taxes 10,819 13,064
Net income $ 17,631 $ 22,267