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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues        
Total revenues $ 794,319 $ 655,664 $ 1,504,952 $ 1,274,704
Expenses        
Total expenses 730,658 592,033 1,377,916 1,150,366
Operating income (loss)        
Total operating income (loss) 63,661 63,631 127,036 124,338
Interest expense-other than on deposit liabilities and other bank borrowings (24,177) (20,520) (44,317) (40,901)
Allowance for borrowed funds used during construction 553 790 1,073 1,569
Allowance for equity funds used during construction 1,317 1,847 2,561 3,620
Income before income taxes 41,354 45,748 86,353 88,626
Income taxes 13,742 16,013 29,806 31,292
Net income 27,612 29,735 56,547 57,334
Preferred stock dividends of subsidiaries 473 473 946 946
Net income for common stock 27,139 29,262 55,601 56,388
Basic earnings per common share (in dollars per share) $ 0.28 $ 0.31 $ 0.58 $ 0.61
Diluted earnings per common share (in dollars per share) $ 0.28 $ 0.31 $ 0.58 $ 0.61
Dividends per common share (in dollars per share) $ 0.31 $ 0.31 $ 0.62 $ 0.62
Weighted-average number of common shares outstanding (in shares) 95,393 93,159 95,107 92,867
Dilutive effect of share-based compensation (in shares) 162 255 287 292
Adjusted weighted-average shares (in shares) 95,555 93,414 95,394 93,159
Electric utility
       
Revenues        
Total revenues 728,738 584,095 1,374,073 1,132,206
Expenses        
Total expenses 686,220 542,660 1,286,347 1,048,162
Operating income (loss)        
Total operating income (loss) 42,518 41,435 87,726 84,044
Income before income taxes 28,603 28,354 59,870 57,866
Income taxes 11,080 10,213 22,659 21,174
Net income 17,523 18,141 37,211 36,692
Preferred stock dividends of subsidiaries 499 499 998 998
Net income for common stock 17,024 17,642 36,213 35,694
Bank
       
Revenues        
Total revenues 66,318 71,632 131,631 142,546
Expenses        
Total expenses 42,498 45,857 86,057 95,000
Operating income (loss)        
Total operating income (loss) 23,820 25,775 45,574 47,546
Income before income taxes 23,806 25,747 45,533 47,483
Income taxes 8,611 9,616 16,487 17,616
Net income 15,195 16,131 29,046 29,867
Net income for common stock 15,195 16,131 29,046 29,867
Other
       
Revenues        
Total revenues (737) (63) (752) (48)
Expenses        
Total expenses 1,940 3,516 5,512 7,204
Operating income (loss)        
Total operating income (loss) (2,677) (3,579) (6,264) (7,252)
Income before income taxes (11,055) (8,353) (19,050) (16,723)
Income taxes (5,949) (3,816) (9,340) (7,498)
Net income (5,106) (4,537) (9,710) (9,225)
Preferred stock dividends of subsidiaries (26) (26) (52) (52)
Net income for common stock $ (5,080) $ (4,511) $ (9,658) $ (9,173)