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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating revenue:    
Electric $ 1,010,160 $ 756,377
Natural gas 517,258 426,348
Other 13,769 10,712
Total operating revenue 1,541,187 1,193,437
Energy costs:    
Purchased electricity 339,816 238,203
Electric generation fuel 150,254 60,644
Residential exchange (23,531) (23,070)
Purchased natural gas 235,482 177,333
Unrealized (gain) loss on derivative instruments, net 192,123 (131,921)
Utility operations and maintenance 194,991 170,300
Non-utility expense and other 16,046 15,419
Depreciation and amortization 188,717 164,576
Conservation amortization 38,219 30,141
Taxes other than income taxes 133,690 121,377
Total operating expenses 1,465,807 823,002
Operating income (loss) 75,380 370,435
Other income (expense):    
Other income 13,698 13,164
Other expense (2,477) (3,154)
Interest charges:    
AFUDC 5,608 4,129
Interest expense (90,042) (86,468)
Income (loss) before income taxes 2,167 298,106
Income tax (benefit) expense 2,198 19,811
Net income (loss) (31) 278,295
Subsidiaries [Member]    
Operating revenue:    
Electric 1,010,160 756,377
Natural gas 517,258 426,348
Other 9,233 10,677
Total operating revenue 1,536,651 1,193,402
Energy costs:    
Purchased electricity 339,816 238,203
Electric generation fuel 150,254 60,644
Residential exchange (23,531) (23,070)
Purchased natural gas 235,482 177,333
Unrealized (gain) loss on derivative instruments, net 192,123 (131,921)
Utility operations and maintenance 194,991 170,300
Non-utility expense and other 8,014 12,814
Depreciation and amortization 187,043 163,704
Conservation amortization 38,219 30,141
Taxes other than income taxes 133,264 121,116
Total operating expenses 1,455,675 819,264
Operating income (loss) 80,976 374,138
Other income (expense):    
Other income 12,820 10,968
Other expense (2,477) (3,154)
Interest charges:    
AFUDC 5,608 4,129
Interest expense (66,983) (63,144)
Income (loss) before income taxes 29,944 322,937
Income tax (benefit) expense 2,409 34,856
Net income (loss) $ 27,535 $ 288,081