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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Operating revenues        
Electric $ 884,305 $ 881,102 $ 2,385,297 $ 2,376,935
Natural gas 151,553 159,808 716,731 839,332
Steam and other 8,846 8,201 30,647 30,091
Total operating revenues 1,044,704 1,049,111 3,132,675 3,246,358
Operating expenses        
Electric fuel and purchased power 311,347 368,860 930,107 1,052,400
Cost of natural gas sold and transported 44,953 60,073 354,825 487,159
Cost of sales — steam and other 3,596 3,538 12,938 11,951
Operating and maintenance expenses 186,379 185,510 560,021 549,935
Demand side management program expenses 33,040 36,120 96,622 105,993
Depreciation and amortization 104,228 95,075 305,517 283,506
Taxes (other than income taxes) 45,987 38,862 146,895 122,467
Total operating expenses 729,530 788,038 2,406,925 2,613,411
Operating income 315,174 261,073 725,750 632,947
Other income, net 1,222 1,720 2,674 3,429
Allowance for funds used during construction — equity 3,958 12,315 10,155 36,697
Interest charges and financing costs        
Interest charges — includes other financing costs of $1,611, $1,546, $4,671 and $4,798, respectively 44,875 42,540 131,859 128,941
Allowance for funds used during construction — debt (1,467) (4,564) (3,890) (13,584)
Total interest charges and financing costs 43,408 37,976 127,969 115,357
Income before income taxes 276,946 237,132 610,610 557,716
Income taxes 103,865 82,973 228,063 195,362
Net income $ 173,081 $ 154,159 $ 382,547 $ 362,354