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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net income $ 60,417 $ 54,734
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 97,126 81,600
Demand side management program amortization 837 837
Deferred income taxes 48,099 53,217
Amortization of investment tax credits (66) (106)
Allowance for equity funds used during construction (4,004) (4,716)
Net derivative losses 31 134
Other Operating Activities, Cash Flow Statement 10 0
Changes in operating assets and liabilities:    
Accounts receivable (12,210) (12,997)
Accrued unbilled revenues (16,668) (25,690)
Inventories 5,411 5,889
Prepayments and other 7,028 30,189
Accounts payable 16,799 9,888
Net regulatory assets and liabilities (3,477) (3,216)
Other current liabilities (2,896) (4,862)
Pension and other employee benefit obligations (21,946) (16,357)
Change in other noncurrent assets (373) (373)
Change in other noncurrent liabilities (2,351) 2,693
Net cash provided by operating activities 171,767 170,864
Investing activities    
Utility capital/construction expenditures (279,918) (263,653)
Proceeds from Insurance Settlement, Investing Activities 0 987
Allowance for equity funds used during construction 4,004 4,716
Payments for (Proceeds from) Other Investing Activities 493 1,174
Net cash used in investing activities (276,407) (259,124)
Financing activities    
Proceeds from short-term borrowings, net 56,000 10,000
Repayment of long-term debt (18) 0
Borrowings under utility money pool arrangement 572,000 391,000
Repayments under utility money pool arrangement (511,000) (291,000)
Capital contributions from parent 45,000 16,225
Dividends paid to parent (57,585) (38,182)
Net cash provided by financing activities 104,397 88,043
Net change in cash and cash equivalents (243) (217)
Cash and cash equivalents at beginning of period 844 834
Cash and cash equivalents at end of period 601 617
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (40,450) (39,960)
Cash received for income taxes, net 17,213 41,170
Supplemental disclosure of non-cash investing transactions:    
Property, plant and equipment additions in accounts payable $ 34,529 $ 30,172