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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) [Abstract]        
Operating Revenues $ 84,268 $ 79,937 $ 181,353 $ 170,944
Operating Expenses        
Purchased Power - affiliates 17,457 10,514 34,868 27,072
Purchased Power 22,321 26,697 46,262 51,857
Production 2,267 2,660 5,411 5,616
Transmission - affiliates 3,281 1,668 5,538 3,054
Transmission - other 6,297 6,058 13,401 13,245
Other operation 15,378 15,836 33,972 31,682
Maintenance 7,507 7,392 13,214 15,118
Depreciation 4,595 4,330 9,080 8,682
Taxes other than income 4,419 4,470 9,076 9,213
Income tax (benefit) expense (481) (791) 2,376 1,047
Total Operating Expenses 83,041 78,834 173,198 166,586
Utility Operating Income 1,227 1,103 8,155 4,358
Other Income        
Equity in earnings of affiliates 6,987 5,115 13,928 10,510
Allowance for equity funds during construction 28 7 84 10
Other income 699 721 1,402 1,433
Other deductions (3,646) (921) (4,300) (1,600)
Income tax expense (1,222) (1,714) (3,524) (3,303)
Total Other Income 2,846 3,208 7,590 7,050
Interest Expense        
Interest on long-term debt 3,191 2,756 6,335 5,542
Other interest 158 115 287 226
Allowance for borrowed funds during construction (12) (5) (38) (7)
Total Interest Expense 3,337 2,866 6,584 5,761
Net Income 736 1,445 9,161 5,647
Dividends declared on preferred stock 92 92 184 184
Earnings available for common stock $ 644 $ 1,353 $ 8,977 $ 5,463
Per Common Share Data:        
Basic earnings per share $ 0.05 $ 0.11 $ 0.67 $ 0.46
Diluted earnings per share $ 0.05 $ 0.11 $ 0.67 $ 0.46
Average shares of common stock outstanding - basic 13,399,128 12,078,724 13,376,675 11,903,080
Average shares of common stock outstanding - diluted 13,482,185 12,109,591 13,444,680 11,933,923
Dividends declared per share of common stock $ 0.23 $ 0.23 $ 0.69 $ 0.69