Segment Information

12 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

We have determined that we have two reportable segments: (1) Gas Utility and (2) Electric Utility. Gas Utility revenues are derived principally from the sale and distribution of natural gas to customers in eastern, northeastern and central Pennsylvania. Electric Utility derives its revenues principally from the sale and distribution of electricity in two northeastern Pennsylvania counties. The HVAC Business does not meet the quantitative thresholds for separate segment reporting under GAAP relating to business segment reporting and has been included in "Other" below.

The accounting policies of our reportable segments are the same as those described in Note 2. We evaluate the performance of our Gas Utility and Electric Utility segments principally based upon their income before income taxes.

No single customer represents more than ten percent of our consolidated revenues and there are no significant intersegment transactions. In addition, all of our reportable segments’ revenues are derived from sources within the United States, and all of our reportable segments’ long-lived assets are located in the United States.

Financial information by business segment follows:

	Total		Gas Utility		Electric Utility		Other
2012
Revenues	$	884,333	$	785,375	$	97,130	$	1,828
Cost of sales	459,079		402,534		56,545		—
Depreciation and amortization	52,792		48,992		3,800		—
Operating income	185,383		172,164		12,610		609
Interest expense	42,412		40,139		2,273		—
Income before income taxes	142,971		132,025		10,337		609
Total assets	2,223,179		2,070,381		152,798		—
Goodwill	182,145		182,145		—		—
Capital expenditures	114,090		109,020		5,070		—
2011
Revenues	$	1,137,366	$	1,026,397	$	109,145	$	1,824
Cost of sales	678,500		610,635		67,865		—
Depreciation and amortization	52,546		48,350		4,196		—
Operating income	211,421		199,643		11,384		394
Interest expense	42,728		40,374		2,354		—
Income before income taxes	168,693		159,269		9,030		394
Total assets	2,169,348		2,028,705		140,643		—
Goodwill	182,145		182,145		—		—
Capital expenditures	98,856		91,328		7,528		—
2010
Revenues	$	1,169,539	$	1,047,521	$	120,246	$	1,772
Cost of sales	730,502		653,439		77,063		—
Depreciation and amortization	53,476		49,474		4,002		—
Operating income	189,519		175,272		13,676		571
Interest expense	42,336		40,515		1,821		—
Income before income taxes	147,183		134,757		11,855		571
Total assets	2,139,576		1,996,281		143,295		—
Goodwill	180,145		180,145		—		—
Capital expenditures	81,595		73,503		8,092		—