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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME $ 156,569 $ 139,620
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 87,583 78,453
Recognition, refund and collection of revenue accruals and deferrals — including accrued interest 30,369 25,748
Deferred income tax expense 69,733 44,921
Allowance for equity funds used during construction (25,315) (15,800)
Other 13,113 9,030
Changes in assets and liabilities, exclusive of changes shown separately:    
Accounts receivable (31,115) (12,182)
Inventory 1,075 979
Prepaid and other current assets 11,208 (5,776)
Accounts payable 4,044 (10,637)
Accrued payroll (1,707) (1,865)
Accrued interest (14,538) (247)
Accrued taxes (10,467) (5,773)
Other current liabilities 7,979 11,474
Other non-current assets and liabilities, net (6,328) 410
Net cash provided by operating activities 292,203 258,355
CASH FLOWS FROM INVESTING ACTIVITIES    
Expenditures for property, plant and equipment (630,485) (637,386)
Proceeds from sale of securities 42,174 5,935
Purchases of securities (43,398) (10,786)
Other (3,340) (747)
Net cash used in investing activities (635,049) (642,984)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of long-term debt 933,025 100,000
Borrowings under revolving credit agreements 890,400 1,073,550
Borrowings under term loan credit agreements 535,000 200,000
Retirement of long-term debt (452,000) 0
Repayments of revolving credit agreements (1,004,100) (960,350)
Repayments of term loan credit agreements (475,000) 0
Issuance of common stock 8,213 4,929
Dividends on common and restricted stock (61,821) (55,677)
Refundable deposits from generators for transmission network upgrades 26,898 31,157
Repayment of refundable deposits from generators for transmission network upgrades (30,279) (31,186)
Other (2,973) (6,112)
Net cash provided by financing activities 367,363 356,311
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 24,517 (28,318)
CASH AND CASH EQUIVALENTS — Beginning of period 26,187 58,344
CASH AND CASH EQUIVALENTS — End of period $ 50,704 $ 30,026