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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash Flows From Operating Activities    
Net income $ 59,088 $ 66,228
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 90,815 85,383
Deferred income taxes 23,353 17,948
Allowance for funds used during construction (AFUDC) - equity (3,884) (5,317)
Stock-based compensation expense (Note A) 3,709 3,342
Pension expense 20,118 20,231
Undistributed (earnings) losses in equity investments (8,488) (4,846)
Deferred purchased gas 26,345 39,834
Deferred Transmission (income) expense (22,278) 11,458
Other non-cash items, net 9,868 (10,414)
Changes in:    
Accounts receivable, net (7,883) 11,912
Unbilled revenues 18,524 26,986
Natural gas in storage 30,025 27,925
Accounts payable (45,080) (25,813)
Interest accrued 187 (1,440)
Taxes accrued/refundable, net 43,459 (3,544)
Accrued liabilities (3,975) (21,445)
Accrued pension (43,523) (62,321)
Equity investment in GenConn 12,925 0
Other assets 6,002 6,162
Other liabilities (4,283) (2,773)
Total Adjustments 145,936 113,268
Net Cash provided by Operating Activities 205,024 179,496
Cash Flows from Investing Activities    
Related party note receivable 0 (1,050)
Plant expenditures including AFUDC debt (145,199) (161,030)
Acquisition of gas companies, net of cash acquired 0 11,211
Changes in restricted cash 2,562 (2,664)
Deposits in New England East West Solution (NEEWS) (Note C) (3,330) (1,099)
Other 316 (845)
Net Cash (used in) Investing Activities (145,651) (155,477)
Cash Flows from Financing Activities    
Issuances of common stock 1,943 (57)
Issuances of long-term debt 203,500 1,050
Payments on long-term debt (103,500) (52,286)
Line of credit borrowings (repayments), net (140,000) (7,000)
Payment of common stock dividend (43,715) (43,605)
Bank overdrafts 3,985 11,286
Other (395) (33)
Net Cash provided by Financing Activities (78,182) (90,645)
Unrestricted Cash and Temporary Cash Investments:    
Net change for the period (18,809) (66,626)
Balance at beginning of period 30,999 90,281
Balance at end of period 12,190 23,655
Non-cash investing activity:    
Plant expenditures included in ending accounts payable $ 18,301 $ 35,636