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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Total operating revenues $ 255,997 $ 247,511 $ 760,895 $ 742,468
Operating expenses        
Purchased power, affiliates 106,753 106,697 309,693 314,948
Cost of natural gas sold and transported 6,157 6,032 43,387 40,582
Operating and maintenance expenses 50,057 51,130 149,335 148,846
Conservation expenses 3,058 3,298 9,180 9,529
Depreciation and amortization 31,669 27,979 93,705 82,656
Taxes (other than income taxes) 7,107 7,124 21,473 21,002
Total operating expenses 207,987 208,441 636,419 630,200
Operating income 48,010 39,070 124,476 112,268
Interest charges and financing costs        
Interest charges — includes other financing costs of $495 and $465, $1,458, and $1,382 respectively 10,109 8,647 29,467 25,985
Allowance for funds used during construction — debt (1,172) (726) (3,017) (2,025)
Total interest charges and financing costs 8,937 7,921 26,450 23,960
Other expense, net (782) (583) (1,651) (1,610)
Allowance for funds used during construction — equity 2,631 1,705 6,732 4,743
Income before income taxes 40,922 32,271 103,107 91,441
Income taxes 9,914 9,946 25,494 32,456
Net income 31,008 22,325 77,613 58,985
Electric        
Total operating revenues 240,344 232,802 666,212 659,853
Operating expenses        
Electric fuel and purchased power, non afiiliates 3,186 6,181 9,646 12,637
Natural gas        
Total operating revenues 15,355 14,394 93,836 81,768
Other        
Total operating revenues $ 298 $ 315 $ 847 $ 847