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CONSOLIDATED STATEMENTS OF REVENUES AND EXPENSES (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating revenues:      
Sales to Members $ 1,224,238 $ 1,292,667 $ 1,144,012
Sales to non-Members 166,040 1,478 1,249
Total operating revenues 1,390,278 1,294,145 1,145,261
Operating expenses:      
Fuel 527,191 481,379 360,412
Production 357,069 332,236 285,654
Depreciation and amortization 199,040 131,491 125,600
Purchased power 60,590 78,810 123,105
Accretion 18,249 17,131 18,261
Deferral of Hawk Road and Murray Energy facilities effect on net margin (9,681) 13,849 8,107
Total operating expenses 1,152,458 1,054,896 921,139
Operating margin 237,820 239,249 224,122
Other income:      
Investment income 29,496 30,208 31,825
Amortization of deferred gains 5,660 5,660 5,660
Allowance for equity funds used during construction 2,904 2,417 2,394
Other 6,204 5,366 2,849
Total other income 44,264 43,651 42,728
Interest charges:      
Interest expense 296,138 266,641 240,743
Allowance for debt funds used during construction (72,692) (41,593) (19,345)
Amortization of debt discount and expense 20,901 24,119 19,062
Net interest charges 244,347 249,167 240,460
Net margin $ 37,737 $ 33,733 $ 26,390