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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities      
Net income $ 140,120 $ 115,425 $ 84,901
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation of property, plant and equipment 148,152 154,523 151,282
Other amortization 19,318 4,605 5,389
Provision for loan losses 15,009 20,894 32,000
Impairment of utility plant 9,215    
Loans receivable originated and purchased, held for sale (267,656) (360,527) (443,843)
Proceeds from sale of loans receivable, held for sale 273,932 392,406 471,194
Net losses on sale of investment and mortgage-related securities     32,034
Other-than-temporary impairment on available-for-sale mortgage-related securities     15,444
Changes in deferred income taxes 79,444 97,791 12,787
Changes in excess tax benefits from share-based payment arrangements 35 45 310
Allowance for equity funds used during construction (5,964) (6,016) (12,222)
Change in cash overdraft (2,688) (141)  
Changes in assets and liabilities      
Decrease (increase) in accounts receivable and unbilled revenues, net (77,326) (25,880) 59,550
Increase in fuel oil stock (18,843) (74,044) (946)
Increase (decrease) in accounts, interest and dividends payable (34,480) 22,410 (12,472)
Changes in prepaid and accrued income taxes and utility revenue taxes 73,153 (5,252) (61,977)
Contributions to defined benefit pension and other postretirement benefit plans (74,961) (31,792) (25,354)
Changes in other assets and liabilities (26,094) 36,270 (39,491)
Net cash provided by operating activities 250,366 340,717 268,586
Cash flows from investing activities      
Available-for-sale investment and mortgage-related securities purchased (361,876) (714,552) (297,864)
Principal repayments on available-for-sale investment and mortgage-related securities 389,906 465,437 357,233
Proceeds from sale of available-for-sale investment and mortgage-related securities 32,799   185,134
Net decrease (increase) in loans held for investment (181,080) 118,892 484,960
Proceeds from sale of real estate acquired in settlement of loans 8,020 5,967 1,555
Capital expenditures (235,116) (182,125) (288,879)
Contributions in aid of construction 23,534 22,555 14,170
Other (2,974) 5,092 1,199
Net cash provided by (used in) investing activities (326,787) (278,734) 457,508
Cash flows from financing activities      
Net increase (decrease) in deposit liabilities 94,660 (83,388) (121,415)
Net increase (decrease) in short-term borrowings with original maturities of three months or less 43,898 (17,066) 41,989
Net increase (decrease) in retail repurchase agreements 10,910 (60,308) (3,829)
Proceeds from other bank borrowings     310,000
Repayments of other bank borrowings (15,000)   (689,517)
Proceeds from issuance of long-term debt 125,000   153,186
Repayment of long-term debt (150,000)    
Changes in excess tax benefits from share-based payment arrangements (35) (45) (310)
Net proceeds from issuance of common stock 15,979 22,706 15,329
Common stock dividends (106,812) (93,034) (96,843)
Preferred stock dividends of subsidiaries (1,890) (1,890) (1,890)
Change in cash overdraft     (9,545)
Other (675) (2,229) (2,762)
Net cash provided by (used in) financing activities 16,035 (235,254) (405,607)
Net increase (decrease) in cash and cash equivalents (60,386) (173,271) 320,487
Cash and cash equivalents, January 1 330,651 503,922 183,435
Cash and cash equivalents, December 31 $ 270,265 $ 330,651 $ 503,922