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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 148,921 $ 116,041 $ 97,373
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 84,644 72,332 67,303
Deferred income taxes, net 61,934 78,568 76,938
Pension contributions, net of pension cost (3,408) 4,017 1,580
Settlement of interest rate protection agreements 0 0 (35,975)
Provision for uncollectible accounts 17,970 8,030 7,760
Regulatory liability resulting from tax reform 24,430 0 0
Other, net (3,778) 9,664 (10,112)
Net change in:      
Accounts receivable and accrued utility revenues (35,903) (25,253) 1,120
Inventories 896 (10,969) 9,376
Deferred fuel and power costs, net of changes in unsettled derivatives 31,077 (15,385) (22,740)
Accounts payable 3,987 2,107 (3,053)
Prepaid income taxes (46,146) (5,755) 8,070
Other current assets 5,402 3,647 (8,140)
Other current liabilities (1,409) 6,550 15,870
Net cash provided by operating activities 288,617 243,594 205,370
CASH FLOWS FROM INVESTING ACTIVITIES:      
Expenditures for property, plant and equipment (323,538) (305,311) (250,584)
Net costs of property, plant and equipment disposals (10,061) (12,735) (7,940)
Decrease (increase) in restricted cash 1,856 (2,463) 6,019
Net cash used by investing activities (331,743) (320,509) (252,505)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment of dividends (50,000) (57,700) (47,000)
Increase in short-term borrowings 19,500 57,500 40,800
Issuances of long-term debt, net of issuance costs 124,404 99,499 298,379
Repayments of long-term debt (45,667) (20,000) (247,000)
Excess tax benefits from equity-based payment arrangements 0 0 1,676
Net cash provided by financing activities 48,237 79,299 46,855
Cash and cash equivalents increase (decrease) 5,111 2,384 (280)
CASH AND CASH EQUIVALENTS:      
End of year 10,314 5,203 2,819
Beginning of year 5,203 2,819  
Increase (decrease) 5,111 2,384 (280)
Cash paid (received) for:      
Interest 42,343 29,449 36,155
Income taxes $ 24,306 $ 2,080 $ (19,758)