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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating revenues    
Electric $ 717,462 $ 749,461
Natural gas 328,494 373,203
Steam and other 11,885 12,786
Total operating revenues 1,057,841 1,135,450
Operating expenses    
Electric fuel and purchased power 295,930 322,758
Cost of natural gas sold and transported 168,476 228,744
Cost of sales — steam and other 3,781 5,693
Operating and maintenance expenses 178,386 182,417
Demand side management program expenses 27,723 30,069
Depreciation and amortization 108,881 100,043
Taxes (other than income taxes) 51,474 50,326
Total operating expenses 834,651 920,050
Operating income 223,190 215,400
Other income, net 449 687
Allowance for funds used during construction — equity 4,318 2,806
Interest charges and financing costs    
Interest charges — includes other financing costs of $1,739 and $1,505, respectively 45,748 43,090
Allowance for funds used during construction — debt (1,610) (1,098)
Total interest charges and financing costs 44,138 41,992
Income before income taxes 183,819 176,901
Income taxes 67,945 65,935
Net income $ 115,874 $ 110,966