4. Accumulated Other Comprehensive Income

6 Months Ended

Mar. 31, 2013

4. Accumulated Other Comprehensive Income

We record deferred gains (losses) in accumulated other comprehensive income (AOCI) related to available-for-sale securities, interest rate agreement cash flow hedges and commodity contract cash flow hedges. Deferred gains (losses) for our available-for-sale securities and commodity contract cash flow hedges are recognized in earnings upon settlement, while deferred gains (losses) related to our interest rate agreement cash flow hedges are recognized in earnings as they are amortized. The following table provides the components of our accumulated other comprehensive income (loss) balances, net of the related tax effects allocated to each component of other comprehensive income.

			Available-for-Sale Securities		Interest Rate Agreement Cash Flow Hedges		Commodity Contracts Cash Flow Hedges		Total
		(In thousands)

September 30, 2012		$	5,661	$	(44,273)	$	(8,995)	$	(47,607)
Other comprehensive income before
	reclassifications		1,135		34,900		2,153		38,188
Amounts reclassified from accumulated
	other comprehensive income		(1,708)		873		6,320		5,485
Net current-period other
	comprehensive income		(573)		35,773		8,473		43,673
March 31, 2013		$	5,088	$	(8,500)	$	(522)	$	(3,934)

The following tables detail reclassifications out of AOCI for the three and six months ended March 31, 2013. Amounts in parentheses below indicate decreases to net income in the statement of income.

		Three Months ended March 31, 2013
Accumulated Other Comprehensive Income Components		Amount Reclassified from Accumulated Other Comprehensive Income	Affected Line Item in the Statement of Income
		(In thousands)

Available-for-sale securities	$	2,689	Operation and maintenance expense
		2,689	Total before tax
		(981)	Tax expense
	$	1,708	Net of tax

Cash flow hedges
Interest rate agreements	$	(873)	Interest charges
Commodity contracts		(5,201)	Purchased gas cost
		(6,074)	Total before tax
		2,348	Tax benefit
	$	(3,726)	Net of tax

Total reclassifications	$	(2,018)	Net of tax

		Six Months ended March 31, 2013
Accumulated Other Comprehensive Income Components		Amount Reclassified from Accumulated Other Comprehensive Income	Affected Line Item in the Statement of Income
		(In thousands)

Available-for-sale securities	$	2,689	Operation and maintenance expense
		2,689	Total before tax
		(981)	Tax expense
	$	1,708	Net of tax

Cash flow hedges
Interest rate agreements	$	(1,375)	Interest charges
Commodity contracts		(10,361)	Purchased gas cost
		(11,736)	Total before tax
		4,543	Tax benefit
	$	(7,193)	Net of tax

Total reclassifications	$	(5,485)	Net of tax