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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities:      
Net income $ 54,971 $ 47,396 $ 41,296
Adjustments to reconcile net income to cash flows from operating activities:      
Depreciation and amortization including regulatory items 79,751 71,076 62,247
Pension and other postretirement benefit costs, net of contributions (20,379) (3,683) 4,096
Deferred income taxes and unamortized investment tax credit, net 45,051 26,880 15,324
Allowance for equity funds used during construction (294) (4,538) (6,209)
Stock compensation expense 2,147 3,478 2,616
Non cash loss on derivatives 1,187 1,853 10,350
Other 381   (457)
Cash flows impacted by changes in:      
Accounts receivable and accrued unbilled revenues 10,342 (11,211) 2,989
Fuel, materials and supplies (16,682) (1,585) 4,635
Prepaid expenses, other current assets and deferred charges (23,163) (19,606) (7,464)
Accounts payable and accrued liabilities (318) (6,179) (1,305)
Interest, taxes accrued and customer deposits (980) 1,522 806
Other liabilities and other deferred credits 3,172 3,954 699
SWPA minimum flows payment   26,564  
Accumulated provision - rate refunds (578)    
Net cash provided by operating activities 134,608 135,921 129,623
Investing activities:      
Capital expenditures - regulated (99,162) (106,388) (154,016)
Capital expenditures and other investments - non-regulated (3,375) (2,817) (1,239)
Proceeds from the sale of property, plant and equipment     544
Restricted cash (2,586) (1,771)  
Total net cash used in investing activities (105,123) (110,976) (154,711)
Financing activities:      
Proceeds from first mortgage bonds, net   149,635 75,000
Proceeds from issuance of notes payable     2,470
Long-term debt issuance costs   (1,758) (2,397)
Proceeds from issuance of common stock, net of issuance costs 5,884 60,239 70,271
Repayment of first mortgage bonds   (50,000) (20,025)
Redemption of trust preferred securities   (50,000)  
Redemption of senior notes   (48,304)  
Net short-term repayments (12,000) (26,500) (51,500)
Dividends (26,732) (51,996) (44,807)
Other (1,754) (1,356) (1,058)
Net cash provided by (used in) financing activities (34,602) (20,040) 27,954
Net increase (decrease) in cash and cash equivalents (5,117) 4,905 2,866
Cash and cash equivalents, beginning of year 10,525 5,620 2,754
Cash and cash equivalents, end of year 5,408 10,525 5,620
Supplemental cash flow information:      
Interest paid 41,088 43,044 45,730
Income taxes (refunded) paid, net of refund (14,300) 11,264 3,246
Supplementary non-cash investing activities:      
Change in accrued additions to property, plant and equipment not reported above (1,387) (3,846) (3,833)
Capital lease obligations for purchase of new equipment $ 29 $ 2,696 $ 2,946