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STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating revenues        
Operating revenues $ 423.4 $ 410.5 $ 818.4 $ 864.6
Operating expenses        
Electric fuel and purchased power 198.8 179.9 386.6 410.8
Operating and maintenance expenses 58.3 70.1 127.9 142.5
Demand side management expenses 3.7 3.8 7.6 8.4
Depreciation and amortization 64.0 57.8 123.1 111.0
Taxes (other than income taxes) 18.3 17.0 39.7 35.5
Total operating expenses 343.1 328.6 684.9 708.2
Operating income 80.3 81.9 133.5 156.4
Other income (expense), net 0.1 0.5 (1.9) 0.9
Allowance for funds used during construction — equity 7.8 8.7 13.8 19.0
Interest charges and financing costs        
Interest charges — includes other financing costs of $0.9, $0.8, $1.8 and $1.6, respectively 25.7 25.6 49.9 50.0
Allowance for funds used during construction — debt (3.4) (4.2) (6.0) (8.7)
Total interest charges and financing costs 22.3 21.4 43.9 41.3
Income before income taxes 65.9 69.7 101.5 135.0
Income tax (benefit) expense (5.8) 10.9 (12.9) 22.1
Net income $ 71.7 $ 58.8 $ 114.4 $ 112.9