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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating revenues        
Electric, non-affiliates $ 989.6 $ 981.0 $ 1,915.3 $ 1,939.6
Electric, affiliates 106.1 116.2 215.7 236.3
Natural gas 75.0 79.4 281.1 343.5
Other 9.2 8.4 18.0 16.1
Total operating revenues 1,179.9 1,185.0 2,430.1 2,535.5
Operating expenses        
Electric fuel and purchased power 403.3 404.4 767.0 796.3
Cost of natural gas sold and transported 29.8 33.9 155.3 208.3
Cost of sales — other 5.7 5.4 11.3 10.6
Operating and maintenance expenses 290.3 305.5 586.1 617.4
Conservation program expenses 24.6 25.6 55.9 58.1
Depreciation and amortization 205.1 197.5 407.3 395.1
Taxes (other than income taxes) 63.0 65.4 131.6 135.0
Total operating expenses 1,021.8 1,037.7 2,114.5 2,220.8
Operating income 158.1 147.3 315.6 314.7
Other income (expense), net 3.0 (1.3) (2.4) 0.2
Allowance for funds used during construction — equity 7.2 5.5 14.1 10.6
Interest charges and financing costs        
Interest charges — includes other financing costs of $1.9, $1.8, $3.8 and $3.6, respectively 61.2 56.9 121.9 114.1
Allowance for funds used during construction — debt (3.2) (3.0) (6.3) (5.5)
Total interest charges and financing costs 58.0 53.9 115.6 108.6
Income before income taxes 110.3 97.6 211.7 216.9
Income tax (benefit) expense (7.1) 1.7 (12.7) 7.8
Net income $ 117.4 $ 95.9 $ 224.4 $ 209.1