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STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating revenues        
Operating revenues $ 533.1 $ 540.1 $ 1,397.7 $ 1,468.6
Operating expenses        
Electric fuel and purchased power 240.2 284.0 651.0 795.6
Operating and maintenance expenses 74.1 71.5 216.6 203.7
Demand side management expenses 4.5 4.6 12.9 13.5
Depreciation and amortization 61.3 52.2 172.3 150.2
Taxes (other than income taxes) 17.6 16.8 53.1 50.0
Total operating expenses 397.7 429.1 1,105.9 1,213.0
Operating income 135.4 111.0 291.8 255.6
Other income (expense), net 1.5 (1.0) 2.4 (2.4)
Allowance for funds used during construction — equity 3.2 5.0 22.2 11.6
Interest charges and financing costs        
Interest charges — includes other financing costs of $0.9, $0.7, $2.5 and $2.1, respectively 26.0 21.0 76.0 61.8
Allowance for funds used during construction — debt (1.5) (2.2) (10.2) (5.5)
Total interest charges and financing costs 24.5 18.8 65.8 56.3
Income before income taxes 115.6 96.2 250.6 208.5
Income taxes 10.5 14.7 32.6 35.4
Net income $ 105.1 $ 81.5 $ 218.0 $ 173.1