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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating revenues        
Electric $ 877,604 $ 897,516 $ 2,318,912 $ 2,337,547
Natural gas 142,389 152,763 691,302 659,738
Steam and other 10,300 8,898 31,529 29,585
Total operating revenues 1,030,293 1,059,177 3,041,743 3,026,870
Operating expenses        
Electric fuel and purchased power 288,997 318,624 857,346 890,509
Cost of natural gas sold and transported 37,243 42,379 303,903 270,182
Cost of sales — steam and other 4,098 3,664 11,991 10,874
Operating and maintenance expenses 173,905 191,011 547,413 570,343
Demand side management expenses 34,520 31,015 92,552 88,094
Depreciation and amortization 118,289 111,803 350,796 330,593
Taxes (other than income taxes) 47,213 45,076 146,481 146,851
Total operating expenses 704,265 743,572 2,310,482 2,307,446
Operating income 326,028 315,605 731,261 719,424
Other income, net 1,536 544 7,085 1,837
Allowance for funds used during construction — equity 8,642 5,343 19,591 13,714
Interest charges and financing costs        
Interest charges — includes other financing costs of $1,605, $1,271, $4,669 and $4,735, respectively 49,097 46,664 141,403 138,982
Allowance for funds used during construction — debt (3,266) (1,995) (7,610) (5,222)
Total interest charges and financing costs 45,831 44,669 133,793 133,760
Income before income taxes 290,375 276,823 624,144 601,215
Income taxes 104,298 103,216 225,934 224,390
Net income $ 186,077 $ 173,607 $ 398,210 $ 376,825