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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2012
Accounting Policies [Abstract]  
Asset retirement obligation activity
ARO activity was as follows (in thousands):
 
 
 
2012
 
2011
 
 

 

AROs as of January 1,
 
29,430

 
27,965

Accretion
 
1,872

 
1,398

Additions
 
1,438

 
460

Settlements
 
(1,603
)
 
(872
)
Revisions in Estimated Cash Flows (A)
 
8,248

 
479

ARO's as of December 31,
 
39,385

 
29,430


(A) The revision in estimated cash flows reflects an increase in the contractual cost and change in discount rates to settle the ARO. A corresponding increase was made to Regulatory Assets, thus having no impact on earnings.