Segment financial information (Tables)

12 Months Ended

Dec. 31, 2011

Segment financial information

Schedule of segment financial information

(in thousands)	Electric utility	Bank	Other			Total
2011
Revenues from external customers	$2,978,547	$  264,407	$	(619	)	$3,242,335
Intersegment revenues (eliminations)	143	–		(143	)	–
Revenues	2,978,690	264,407		(762	)	3,242,335
Depreciation and amortization	160,353	5,909		1,208		167,470
Interest expense	60,031	14,469		22,075		96,575
Income (loss) before income taxes	163,565	91,536		(39,049	)	216,052
Income taxes (benefit)	61,584	31,693		(17,345	)	75,932
Net income (loss)	101,981	59,843		(21,704	)	140,120
Preferred stock dividends of subsidiaries	1,995	–		(105	)	1,890
Net income (loss) for common stock	99,986	59,843		(21,599	)	138,230
Capital expenditures	226,022	8,984		110		235,116
Tangible assets (at December 31, 2011)	4,671,942	4,819,557		10,815		9,502,314
2010
Revenues from external customers	$2,382,211	$  282,693	$	78		$2,664,982
Intersegment revenues (eliminations)	155	–		(155	)	–
Revenues	2,382,366	282,693		(77	)	2,664,982
Depreciation and amortization	157,432	749		947		159,128
Interest expense	61,510	20,349		20,028		101,887
Income (loss) before income taxes	125,452	92,512		(34,717	)	183,247
Income taxes (benefit)	46,868	34,056		(13,102	)	67,822
Net income (loss)	78,584	58,456		(21,615	)	115,425
Preferred stock dividends of subsidiaries	1,995	–		(105	)	1,890
Net income (loss) for common stock	76,589	58,456		(21,510	)	113,535
Capital expenditures	174,344	7,709		72		182,125
Tangible assets (at December 31, 2010)	4,285,680	4,707,870		2,905		8,996,455
2009
Revenues from external customers	$2,034,834	$  274,719	$	37		$2,309,590
Intersegment revenues (eliminations)	175	–		(175	)	–
Revenues	2,035,009	274,719		(138	)	2,309,590
Depreciation and amortization	154,578	1,309		784		156,671
Interest expense	57,944	43,543		18,386		119,873
Income (loss) before income taxes	129,217	31,705		(32,098	)	128,824
Income taxes (benefit)	47,776	9,938		(13,791	)	43,923
Net income (loss)	81,441	21,767		(18,307	)	84,901
Preferred stock dividends of subsidiaries	1,995	–		(105	)	1,890
Net income (loss) for common stock	79,446	21,767		(18,202	)	83,011
Capital expenditures	286,445	2,188		246		288,879
Tangible assets (at December 31, 2009)	3,978,392	4,854,595		5,625		8,838,612