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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 84,998 $ 70,505
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 46,440 44,682
Recognition of and refund and collection of revenue accruals and deferrals - including accrued interest 18,116 46,676
Deferred income tax expense 31,421 35,191
Allowance for equity funds used during construction (7,609) (6,578)
Other 7,554 5,937
Changes in assets and liabilities, exclusive of changes shown separately:    
Accounts receivable (16,036) (13,911)
Inventory 2,537 (2,283)
Other current assets (1,602) (4,711)
Accounts payable 969 (1,410)
Accrued payroll (5,143) (3,421)
Accrued interest 304 5,420
Accrued taxes 10,292 5,996
Other current liabilities (2,012) 681
Other non-current assets and liabilities, net (2,444) 624
Net cash provided by operating activities 167,785 183,398
CASH FLOWS FROM INVESTING ACTIVITIES    
Expenditures for property, plant and equipment (228,028) (162,585)
Proceeds from sale of securities 3,809 14,576
Purchases of securities (7,160) (14,587)
Other 578 (78)
Net cash used in investing activities (230,801) (162,674)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of long-term debt   90,000
Borrowings under revolving credit agreements 377,415 213,129
Repayments of revolving credit agreements (308,775) (279,985)
Issuance of common stock 15,025 1,165
Dividends on common stock (34,189) (32,121)
Refundable deposits from generators for transmission network upgrades 9,054 11,439
Repayment of refundable deposits from generators for transmission network upgrades (4,876) (16,778)
Other (4,512) (987)
Net cash provided by (used in) financing activities 49,142 (14,138)
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (13,874) 6,586
CASH AND CASH EQUIVALENTS - Beginning of period 95,109 74,853
CASH AND CASH EQUIVALENTS - End of period $ 81,235 $ 81,439