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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues        
Total revenues $ 854,268 $ 794,319 $ 1,669,128 $ 1,504,952
Expenses        
Total expenses 774,862 730,658 1,513,906 1,377,916
Operating income (loss)        
Total operating income 79,406 63,661 155,222 127,036
Interest expense-other than on deposit liabilities and other bank borrowings (20,199) (24,177) (38,738) (44,317)
Allowance for borrowed funds used during construction 893 553 1,763 1,073
Allowance for equity funds used during construction 1,997 1,317 3,937 2,561
Income before income taxes 62,097 41,354 122,184 86,353
Income taxes 22,824 13,742 44,122 29,806
Net income 39,273 27,612 78,062 56,547
Preferred stock dividends of subsidiaries 473 473 946 946
Net income for common stock 38,800 27,139 77,116 55,601
Basic earnings per common share (in dollars per share) $ 0.40 $ 0.28 $ 0.80 $ 0.58
Diluted earnings per common share (in dollars per share) $ 0.40 $ 0.28 $ 0.80 $ 0.58
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) 96,693 95,393 96,430 95,107
Dilutive effect of share-based compensation (in shares) 286 162 389 287
Adjusted weighted-average shares (in shares) 96,979 95,555 96,819 95,394
Electric utility
       
Revenues        
Total revenues 789,552 728,738 1,539,162 1,374,073
Expenses        
Total expenses 728,056 686,220 1,420,412 1,286,347
Operating income (loss)        
Total operating income 61,496 42,518 118,750 87,726
Income before income taxes 48,501 28,603 93,708 59,870
Income taxes 18,626 11,080 36,034 22,659
Net income 29,875 17,523 57,674 37,211
Preferred stock dividends of subsidiaries 499 499 998 998
Net income for common stock 29,376 17,024 56,676 36,213
Bank
       
Revenues        
Total revenues 64,721 66,318 129,973 131,631
Expenses        
Total expenses 42,847 42,498 85,187 86,057
Operating income (loss)        
Total operating income 21,874 23,820 44,786 45,574
Income before income taxes 21,873 23,806 45,337 45,533
Income taxes 7,684 8,611 15,271 16,487
Net income 14,189 15,195 30,066 29,046
Net income for common stock 14,189 15,195 30,066 29,046
Other
       
Revenues        
Total revenues (5) (737) (7) (752)
Expenses        
Total expenses 3,959 1,940 8,307 5,512
Operating income (loss)        
Total operating income (3,964) (2,677) (8,314) (6,264)
Income before income taxes (8,277) (11,055) (16,861) (19,050)
Income taxes (3,486) (5,949) (7,183) (9,340)
Net income (4,791) (5,106) (9,678) (9,710)
Preferred stock dividends of subsidiaries (26) (26) (52) (52)
Net income for common stock $ (4,765) $ (5,080) $ (9,626) $ (9,658)