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Consolidated Statements of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities    
Net income $ 46,400,000 $ 34,152,000
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation of property, plant and equipment 43,181,000 39,726,000
Other amortization 1,609,000 935,000
Provision for loan losses 995,000 1,858,000
Loans receivable originated and purchased, held for sale (46,998,000) (79,224,000)
Proceeds from sale of loans receivable, held for sale 48,720,000 102,254,000
Increase in deferred income taxes 6,298,000 19,967,000
Excess tax benefits from share-based payment arrangements (164,000) (414,000)
Allowance for equity funds used during construction (1,609,000) (1,215,000)
Change in cash overdraft (1,038,000) 0
Changes in assets and liabilities    
Decrease in accounts receivable and unbilled revenues, net 22,352,000 14,335,000
Increase in fuel oil stock (34,260,000) (29,272,000)
Increase in regulatory assets (9,258,000) (17,746,000)
Increase (decrease) in accounts, interest and dividends payable (9,307,000) 38,148,000
Change in prepaid and accrued income taxes and utility revenue taxes (19,474,000) (50,933,000)
Decrease in defined benefit pension and other postretirement benefit plans liability (818,000) (702,000)
Change in other assets and liabilities (27,208,000) (23,550,000)
Net cash provided by operating activities 19,421,000 48,319,000
Cash flows from investing activities    
Available-for-sale investment and mortgage-related securities purchased (79,912,000) (26,705,000)
Principal repayments on available-for-sale investment and mortgage-related securities 15,597,000 36,504,000
Proceeds from sale of available-for-sale investment securities 79,564,000 0
Net increase in loans held for investment (37,887,000) (66,934,000)
Proceeds from sale of real estate acquired in settlement of loans 1,429,000 3,046,000
Capital expenditures (65,829,000) (71,041,000)
Contributions in aid of construction 6,958,000 11,710,000
Other 5,848,000 869,000
Net cash used in investing activities (74,232,000) (112,551,000)
Cash flows from financing activities    
Net increase in deposit liabilities 105,510,000 82,704,000
Net increase in short-term borrowings with original maturities of three months or less 30,887,000 50,244,000
Net increase (decrease) in retail repurchase agreements 141,000 (2,680,000)
Proceeds from issuance of long-term debt 0 50,000,000
Repayment of long-term debt 0 (50,000,000)
Excess tax benefits from share-based payment arrangements 164,000 414,000
Net proceeds from issuance of common stock 3,054,000 4,703,000
Common stock dividends (31,435,000) (24,394,000)
Preferred stock dividends of subsidiaries (473,000) (473,000)
Other (3,953,000) (3,240,000)
Net cash provided by financing activities 103,895,000 107,278,000
Net increase in cash and cash equivalents 49,084,000 43,046,000
Cash and cash equivalents, beginning of period 220,036,000 219,662,000
Cash and cash equivalents, end of period $ 269,120,000 $ 262,708,000