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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating revenues        
Electric $ 209,502 $ 210,742 $ 425,868 $ 427,051
Natural gas 21,981 19,027 78,481 67,374
Other 271 257 549 532
Total operating revenues 231,754 230,026 504,898 494,957
Operating expenses        
Electric fuel and purchased power, non-affiliates 3,562 3,583 6,460 6,456
Purchased power, affiliates 101,629 101,793 202,940 208,251
Cost of natural gas sold and transported 8,507 8,563 37,230 34,550
Operating and maintenance expenses 48,934 48,532 99,278 97,716
Conservation expenses 3,144 3,177 6,122 6,231
Depreciation and amortization 31,449 27,628 62,036 54,677
Taxes (other than income taxes) 7,053 7,005 14,366 13,878
Total operating expenses 204,278 200,281 428,432 421,759
Operating income 27,476 29,745 76,466 73,198
Other expense, net (509) (595) (869) (1,027)
Allowance for funds used during construction — equity 2,246 1,751 4,101 3,038
Interest charges and financing costs        
Interest charges — includes other financing costs of $485 and $461, $963, and $917 respectively 9,763 8,656 19,358 17,338
Allowance for funds used during construction — debt (1,009) (749) (1,845) (1,299)
Total interest charges and financing costs 8,754 7,907 17,513 16,039
Income before income taxes 20,459 22,994 62,185 59,170
Income taxes 5,270 8,753 15,580 22,510
Net income $ 15,189 $ 14,241 $ 46,605 $ 36,660