XML 59 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating revenues      
Electric $ 3,125,937us-gaap_ElectricDomesticRegulatedRevenue $ 3,081,171us-gaap_ElectricDomesticRegulatedRevenue $ 2,969,899us-gaap_ElectricDomesticRegulatedRevenue
Natural gas 1,215,324us-gaap_GasDomesticRegulatedRevenue 1,080,703us-gaap_GasDomesticRegulatedRevenue 962,435us-gaap_GasDomesticRegulatedRevenue
Steam and other 41,888us-gaap_OtherSalesRevenueNet 40,754us-gaap_OtherSalesRevenueNet 36,959us-gaap_OtherSalesRevenueNet
Total operating revenues 4,383,149us-gaap_Revenues 4,202,628us-gaap_Revenues 3,969,293us-gaap_Revenues
Operating expenses      
Electric fuel and purchased power 1,405,498us-gaap_CostOfDomesticRegulatedElectric 1,335,818us-gaap_CostOfDomesticRegulatedElectric 1,235,343us-gaap_CostOfDomesticRegulatedElectric
Cost of natural gas sold and transported 725,754us-gaap_CostOfDomesticRegulatedGasRevenue 621,120us-gaap_CostOfDomesticRegulatedGasRevenue 532,417us-gaap_CostOfDomesticRegulatedGasRevenue
Cost of sales — steam and other 16,831us-gaap_OtherCostOfOperatingRevenue 17,039us-gaap_OtherCostOfOperatingRevenue 15,438us-gaap_OtherCostOfOperatingRevenue
Operating and maintenance expenses 751,786us-gaap_UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses 762,322us-gaap_UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses 742,975us-gaap_UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
Demand side management program expenses 139,780psco_ConservationAndDemandSideManagementProgramExpenses 139,337psco_ConservationAndDemandSideManagementProgramExpenses 123,205psco_ConservationAndDemandSideManagementProgramExpenses
Depreciation and amortization 379,202us-gaap_UtilitiesOperatingExpenseDepreciationAndAmortization 360,417us-gaap_UtilitiesOperatingExpenseDepreciationAndAmortization 338,827us-gaap_UtilitiesOperatingExpenseDepreciationAndAmortization
Taxes (other than income taxes) 161,928us-gaap_TaxesExcludingIncomeAndExciseTaxes 137,816us-gaap_TaxesExcludingIncomeAndExciseTaxes 131,869us-gaap_TaxesExcludingIncomeAndExciseTaxes
Total operating expenses 3,580,779us-gaap_CostsAndExpenses 3,373,869us-gaap_CostsAndExpenses 3,120,074us-gaap_CostsAndExpenses
Operating income 802,370us-gaap_OperatingIncomeLoss 828,759us-gaap_OperatingIncomeLoss 849,219us-gaap_OperatingIncomeLoss
Other income, net 4,265us-gaap_OtherNonoperatingIncomeExpense 3,136us-gaap_OtherNonoperatingIncomeExpense 4,736us-gaap_OtherNonoperatingIncomeExpense
Allowance for funds used during construction — equity 46,784us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity 33,173us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity 16,354us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
Interest charges and financing costs      
Interest charges — includes other financing costs of $6,340, $6,866, and $7,088, respectively 171,881us-gaap_InterestExpense 173,602us-gaap_InterestExpense 188,094us-gaap_InterestExpense
Allowance for funds used during construction — debt (17,241)us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest (12,657)us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest (8,405)us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
Total interest charges and financing costs 154,640us-gaap_InterestAndDebtExpense 160,945us-gaap_InterestAndDebtExpense 179,689us-gaap_InterestAndDebtExpense
Income before income taxes 698,779us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 704,123us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 690,620us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income taxes 243,591us-gaap_IncomeTaxExpenseBenefit 250,740us-gaap_IncomeTaxExpenseBenefit 232,544us-gaap_IncomeTaxExpenseBenefit
Net income $ 455,188us-gaap_NetIncomeLoss $ 453,383us-gaap_NetIncomeLoss $ 458,076us-gaap_NetIncomeLoss