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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating revenues        
Electric $ 232,802 $ 232,216 $ 659,853 $ 646,619
Natural gas 14,394 13,646 81,768 72,671
Other 315 282 847 877
Total operating revenues 247,511 246,144 742,468 720,167
Operating expenses        
Electric fuel and purchased power, non-affiliates 6,181 4,238 12,637 11,870
Purchased power, affiliates 106,697 105,734 314,948 311,301
Cost of natural gas sold and transported 6,032 6,081 40,582 35,964
Operating and maintenance expenses 51,808 49,235 150,880 148,370
Conservation expenses 3,298 3,308 9,529 9,468
Depreciation and amortization 27,979 24,700 82,656 72,869
Taxes (other than income taxes) 7,124 6,506 21,002 20,757
Total operating expenses 209,119 199,802 632,234 610,599
Operating income 38,392 46,342 110,234 109,568
Other income (expense), net 95 (102) 424 424
Allowance for funds used during construction — equity 1,705 1,241 4,743 2,969
Interest charges and financing costs        
Interest charges — includes other financing costs of $465, $465, $1,382 and $1,388, respectively 8,647 8,613 25,985 25,800
Allowance for funds used during construction — debt (726) (525) (2,025) (1,264)
Total interest charges and financing costs 7,921 8,088 23,960 24,536
Income before income taxes 32,271 39,393 91,441 88,425
Income taxes 9,946 15,172 32,456 33,948
Net income $ 22,325 $ 24,221 $ 58,985 $ 54,477