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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Operating revenues        
Electric $ 178,692 $ 164,082 $ 363,060 $ 337,144
Natural gas 19,880 15,281 73,363 66,762
Other 278 234 535 460
Total operating revenues 198,850 179,597 436,958 404,366
Operating expenses        
Electric fuel and purchased power 100,183 99,535 205,665 196,885
Cost of natural gas sold and transported 12,081 8,623 49,345 44,701
Other operating and maintenance expenses 40,309 37,934 79,897 75,820
Conservation program expenses 3,422 2,989 6,483 5,885
Depreciation and amortization 16,906 15,883 33,645 31,613
Taxes (other than income taxes) 5,834 5,639 11,911 11,601
Total operating expenses 178,735 170,603 386,946 366,505
Operating income 20,115 8,994 50,012 37,861
Other (expense) income, net (60) 86 14 749
Allowance for funds used during construction - equity 305 649 411 1,083
Interest charges and financing costs        
Interest charges - includes other financing costs of $445, $354, $809 and $704, respectively 6,082 6,043 12,085 12,399
Allowance for funds used during construction - debt (39) (298) (77) (483)
Total interest charges and financing costs 6,043 5,745 12,008 11,916
Income before income taxes 14,317 3,984 38,429 27,777
Income taxes 5,839 1,305 15,308 11,554
Net income $ 8,478 $ 2,679 $ 23,121 $ 16,223