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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities:    
Net income $ 21,097 $ 15,955
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 44,160 30,698
Pension and other postretirement benefit costs, net of contributions (11,792) 3,060
Deferred income taxes and unamortized investment tax credit, net 14,155 4,097
Allowance for equity funds used during construction (70) (3,653)
Stock compensation expense 1,097 1,670
Non-cash loss on derivatives   652
Other (163)  
Cash flows impacted by changes in:    
Accounts receivable and accrued unbilled revenues 12,418 6,246
Fuel, materials and supplies (4,599) (1,591)
Prepaid expenses, other current assets and deferred charges (13,554) (5,879)
Accounts payable and accrued liabilities (11,666) (18,806)
Interest, taxes accrued and customer deposits 6,125 8,400
Other liabilities and other deferred credits 5,623 1,137
Accumulated provision - rate refunds 603  
Net cash provided by operating activities 63,434 41,986
Investing activities:    
Capital expenditures - regulated (40,022) (57,200)
Capital expenditures and other investments - non-regulated (1,339) (2,004)
Net cash used in investing activities (41,361) (59,204)
Financing activities:    
Proceeds from first mortgage bonds, net   99,786
Long-term debt issuance costs   (924)
Debt financing costs (815)  
Proceeds from issuance of common stock net of issuance costs 4,953 56,178
Repayment of first mortgage bonds   (50,000)
Redemption of trust preferred securities   (50,000)
Net short-term repayments (5,500) (10,500)
Dividends (26,732) (25,464)
Other (440) (750)
Net cash (used in)/provided by financing activities (28,534) 18,326
Net (decrease)/increase in cash and cash equivalents (6,461) 1,108
Cash and cash equivalents at beginning of period 14,499 5,620
Cash and cash equivalents at end of period $ 8,038 $ 6,728