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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Operating Revenues        
Electric Retail Sales $ 316,387 $ 310,632 $ 760,192 $ 739,147
Electric Wholesale Sales 37,053 26,563 111,692 90,503
Other Revenues 33,971 34,044 92,658 93,603
Total Operating Revenues 387,411 371,239 964,542 923,253
Operating Expenses        
Fuel 89,199 82,065 225,163 247,417
Purchased Energy 49,902 42,477 125,423 89,815
Transmission and Other PPFAC Recoverable Costs 5,222 4,940 12,683 7,535
Increase (Decrease) to Reflect PPFAC Recovery Treatment (5,376) (7,992) (20,167) (5,079)
Total Fuel and Purchased Energy 138,947 121,490 343,102 339,688
Operations and Maintenance 112,667 79,335 273,784 239,170
Depreciation 31,966 30,311 93,857 87,729
Amortization 6,973 6,118 21,449 24,393
Taxes Other Than Income Taxes 11,960 10,808 35,800 32,916
Total Operating Expenses 302,513 248,062 767,992 723,896
Operating Income 84,898 123,177 196,550 199,357
Other Income (Deductions)        
Interest Income 7 6 181 14
Other Income 2,024 1,466 6,123 3,904
Other Expense (7,170) (2,776) (11,979) (7,493)
Appreciation (Depreciation) in Fair Value of Investments (504) 731 375 1,864
Total Other Income (Deductions) (5,643) (573) (5,300) (1,711)
Interest Expense        
Long-Term Debt 15,579 13,848 45,326 42,412
Capital Leases 1,202 6,323 9,048 18,821
Other Interest Expense 104 82 557 (86)
Interest Capitalized (850) (644) (2,878) (1,671)
Total Interest Expense 16,035 19,609 52,053 59,476
Income Before Income Taxes 63,220 102,995 139,197 138,170
Income Tax Expense 23,576 38,828 51,656 41,737
Net Income $ 39,644 $ 64,167 $ 87,541 $ 96,433