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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Operating Revenues $ 418,236 $ 439,527 $ 854,089 $ 776,253
Operating Expenses        
Fuel 64,630 105,809 188,700 188,773
Purchased Power 47,136 53,487 83,576 84,031
Transmission and Other PPFAC Recoverable Costs 15,362 20,911 31,961 37,746
Increase (Decrease) to Reflect PPFAC Recovery Treatment 26,583 (2,365) 34,497 (14,246)
Total Fuel and Purchased Power 153,711 177,842 338,734 296,304
Operations and Maintenance 119,983 101,337 228,042 198,570
Depreciation 47,424 54,450 94,564 108,048
Amortization 9,803 9,939 19,494 19,857
Taxes Other Than Income Taxes 17,103 15,266 34,380 31,965
Total Operating Expenses 348,024 358,834 715,214 654,744
Operating Income 70,212 80,693 138,875 121,509
Other Income (Expense)        
Interest Expense (24,172) (21,144) (47,488) (42,634)
Allowance For Borrowed Funds 1,161 803 2,169 1,413
Allowance For Equity Funds 3,249 2,370 6,142 4,041
Unrealized Gains (Losses) on Investments 433 (3,937) 1,793 (6,721)
Other, Net 3,666 3,436 5,757 6,422
Total Other Income (Expense) (15,663) (18,472) (31,627) (37,479)
Income Before Income Tax Expense 54,549 62,221 107,248 84,030
Income Tax Expense 6,823 7,247 12,629 9,636
Net Income $ 47,726 $ 54,974 $ 94,619 $ 74,394