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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING REVENUES $ 280,133 $ 272,487
OPERATING EXPENSES    
Operation and maintenance 24,596 25,562
General and administrative 45,708 40,894
Depreciation and amortization 38,872 34,435
Taxes other than income taxes 23,449 22,380
Other operating (income) and expenses — net (264) (236)
Total operating expenses 132,361 123,035
OPERATING INCOME 147,772 149,452
OTHER EXPENSES (INCOME)    
Interest expense — net 50,417 48,474
Allowance for equity funds used during construction (7,519) (7,549)
Other income (268) (253)
Other expense 1,162 1,188
Total other expenses (income) 43,792 41,860
INCOME BEFORE INCOME TAXES 103,980 107,592
INCOME TAX PROVISION 39,743 40,460
NET INCOME $ 64,237 $ 67,132
Basic earnings per common share $ 0.42 $ 0.43
Diluted earnings per common share 0.42 0.43
Dividends declared per common share $ 0.1875 $ 0.1625