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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues, net $ 449,000,000 $ 428,000,000 $ 979,000,000 $ 915,000,000
Operating expenses:        
Purchased power and fuel 118,000,000 126,000,000 259,000,000 275,000,000
Generation, transmission and distribution 81,000,000 64,000,000 162,000,000 130,000,000
Administrative and other 65,000,000 61,000,000 133,000,000 122,000,000
Depreciation and amortization 86,000,000 83,000,000 170,000,000 165,000,000
Taxes other than income taxes 31,000,000 30,000,000 64,000,000 60,000,000
Total operating expenses 381,000,000 364,000,000 788,000,000 752,000,000
Income from operations 68,000,000 64,000,000 191,000,000 163,000,000
Interest expense, net 30,000,000 27,000,000 60,000,000 54,000,000
Other income:        
Allowance for equity funds used during construction 3,000,000 8,000,000 5,000,000 15,000,000
Miscellaneous income, net 1,000,000 1,000,000 2,000,000 0
Other income, net 4,000,000 9,000,000 7,000,000 15,000,000
Income before income tax expense 42,000,000 46,000,000 138,000,000 124,000,000
Income tax expense 10,000,000 9,000,000 33,000,000 26,000,000
Net income 32,000,000 37,000,000 105,000,000 98,000,000
Other comprehensive income 1,000,000 0 0 0
Comprehensive income $ 33,000,000 $ 37,000,000 $ 105,000,000 $ 98,000,000
Weighted-average shares outstanding-basic and diluted (in thousands) 89,063 88,902 89,033 88,867
Earnings per share-basic and diluted $ 0.36 $ 0.42 $ 1.18 $ 1.10
Dividends declared per common share $ 0.34 $ 0.32 $ 0.66 $ 0.62