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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows From Operating Activities  
Net income$ 78,422$ 44,380
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization110,92083,856
Deferred income taxes53,87613,475
Stock-based compensation expense (Note A)4,3263,086
Pension expense30,38020,287
Allowance for funds used during construction (AFUDC) - equity(7,657)(4,716)
Undistributed (earnings) losses in equity investments(8,650)400
Other non-cash items, net10,8107,987
Changes in:  
Accounts receivable, net33,846(22,598)
Unbilled revenues28,9559,457
Prepayments(5,708)(4,061)
Accounts payable(33,133)3,193
Interest accrued2,074174
Taxes accrued(18,456)7,043
Accrued liabilities(10,220)(3,789)
Accrued pension(71,264)(4,940)
Other assets(1,208)(176)
Other liabilities(11,755)1,582
Total Adjustments107,136110,620
Net Cash provided by Operating Activities185,558154,640
Cash Flows from Investing Activities  
Related party note receivable (Note H)(1,050)(9,200)
Plant expenditures including AFUDC debt(226,936)(130,545)
Acquisition of gas companies, net of cash acquired (Note N)11,2110
Changes in restricted cash(3,492)2,053
Deposits in New England East West Solution (NEEWS) (Note C)(1,623)0
Other1,374144
Net Cash (used in) Investing Activities(220,516)(137,548)
Cash Flows from Financing Activities  
Issuances of common stock0501,534
Issuances of long-term debt51,050109,000
Payments on long-term debt(145,118)(59,826)
Line of credit borrowings (repayments)131,0000
Payment of common stock dividend(65,439)(38,843)
Other(516)(846)
Net Cash provided by Financing Activities(29,023)511,019
Unrestricted Cash and Temporary Cash Investments:  
Net change for the period(63,981)528,111
Balance at beginning of period90,28115,269
Balance at end of period26,300543,380
Non-cash investing activity:  
Plant expenditures included in ending accounts payable45,55329,336
Related party note receivable (Note H)62,98955,540
Equity investment in Related Party (Note H)$ (62,989)$ (55,540)