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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities:    
Net income $ 21,407 $ 32,099
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization including regulatory items and other 45,698 39,527
Pension and other postretirement benefit costs, net of contributions (15,109) 5,154
Deferred income taxes and unamortized investment tax credit, net 9,337 3,513
Allowance for equity funds used during construction (2,212) (2,773)
Stock compensation expense 999 2,046
Non-cash (gain)/loss on derivatives 3,300 (526)
Cash flows impacted by changes in:    
Accounts receivable and accrued unbilled revenues 21,171 6,096
Fuel, materials and supplies (301) 11
Prepaid expenses, other current assets and deferred charges (351) (3,104)
Accounts payable and accrued liabilities (26,130) (22,610)
Interest, taxes accrued and customer deposits 10,832 11,501
Asset retirement obligations   (1,234)
Other liabilities and other deferred credits 5,456 (656)
Net cash provided by operating activities 74,097 69,044
Investing activities:    
Capital expenditures - regulated (106,295) (94,783)
Capital expenditures and other investments - non-regulated (950) (784)
Restricted cash   (4,854)
Net cash used in investing activities (107,245) (100,421)
Financing activities:    
Proceeds from issuance of common stock, net of issuance costs 2,878 4,515
Net short-term borrowings 53,000 48,500
Dividends (22,671) (22,027)
Other (172) (147)
Net cash provided by financing activities 33,035 30,841
Net decrease in cash and cash equivalents (113) (536)
Cash and cash equivalents at beginning of period 2,105 3,475
Cash and cash equivalents at end of period $ 1,992 $ 2,939