Business Segment Information

3 Months Ended

Dec. 31, 2012

Business Segment Information [Abstract]

Business Segment Information

Note 7 – Business Segment Information

The Company reports financial results for four segments: Utility, Pipeline and Storage, Exploration and Production, and Energy Marketing.  The division of the Company’s operations into reportable segments is based upon a combination of factors including differences in products and services, regulatory environment and geographic factors. 

The data presented in the tables below reflect financial information for the segments and reconciliations to consolidated amounts.  As stated in the 2012 Form 10-K, the Company evaluates segment performance based on income before discontinued operations, extraordinary items and cumulative effects of changes in accounting (when applicable).  When these items are not applicable, the Company evaluates performance based on net income.  There have been no changes in the basis of segmentation nor in the basis of measuring segment profit or loss from those used in the Company’s 2012 Form 10-K.  As for segment assets, the significant changes from the segment assets disclosed in the 2012 Form 10-K involve the Exploration and Production, Utility, and Pipeline and Storage segments as well as the All Other category.  Total Exploration and Production segment assets, Utility segment assets and Pipeline and Storage segment assets have increased by $98.3 million, $29.9 million, and $29.0 million, respectively, during the three months ended December 31, 2012. The All Other category assets have increased by $16.4 million during the three months ended December 31, 2012.

Quarter Ended December 31, 2012 (Thousands)
	Utility	Pipeline and Storage	Exploration and Production	Energy Marketing	Total Reportable Segments	All Other	Corporate and Intersegment Eliminations	Total Consolidated
Revenue from External Customers	$208,563	$43,459	$155,450	$44,166	$451,638	$1,015	$201	$452,854
Intersegment Revenues	$4,311	$22,797	$          -	$426	$27,534	$5,480	$(33,014)	$         -
Segment Profit: Net Income (Loss)	$22,878	$16,933	$26,680	$495	$66,986	$1,885	$ (927)	$67,944

Quarter Ended December 31, 2011 (Thousands)
	Utility	Pipeline and Storage	Exploration and Production	Energy Marketing	Total Reportable Segments	All Other	Corporate and Intersegment Eliminations	Total Consolidated
Revenue from External Customers	$208,810	$35,225	$135,974	$51,222	$431,231	$937	$255	$432,423
Intersegment Revenues	$4,389	$21,064	$         -	$287	$25,740	$3,362	$(29,102)	$         -
Segment Profit: Net Income (Loss)	$19,353	$ 9,959	$30,315	$429	$60,056	$1,404	$(761)	$60,699