Income Taxes (Tables)

9 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Components Of Federal And State Income Taxes Included In The Consolidated Statements Of Income

The components of federal and state income taxes included in the Consolidated Statements of Income are as follows (in thousands):

	Nine Months Ended   June 30,
	2014			2013
Current Income Taxes
Federal	$	31,496		$	(518	)
State	11,736			3,934
Deferred Income Taxes
Federal	90,693			105,362
State	28,702			35,645
	162,627			144,423
Deferred Investment Tax Credit	(326		)	(320		)
Total Income Taxes	$	162,301		$	144,103
Presented as Follows:
Other Income	(326		)	(320		)
Income Tax Expense	162,627			144,423
Total Income Taxes	$	162,301		$	144,103

Schedule Of Income Tax Reconciliation By Applying Federal Income Tax Rate

Total income taxes as reported differ from the amounts that were computed by applying the federal income tax rate to income before income taxes.  The following is a reconciliation of this difference (in thousands):

	Nine Months Ended   June 30,
	2014			2013
U.S. Income Before Income Taxes	$	404,284		$	356,262
Income Tax Expense, Computed at U.S. Federal Statutory Rate of 35%	$	141,499		$	124,692
Increase (Reduction) in Taxes Resulting from:
State Income Taxes	26,285			25,726
Miscellaneous	(5,483		)	(6,315		)
Total Income Taxes	$	162,301		$	144,103

Significant Components Of Deferred Tax Liabilities And Assets

Significant components of the Company’s deferred tax liabilities and assets were as follows (in thousands):

	At June 30, 2014			At September 30, 2013
Deferred Tax Liabilities:
Property, Plant and Equipment	$	1,584,856		$	1,504,187
Pension and Other Post-Retirement Benefit Costs	122,864			124,021
Other	55,718			75,419
Total Deferred Tax Liabilities	1,763,438			1,703,627
Deferred Tax Assets:
Pension and Other Post-Retirement Benefit Costs	(137,992		)	(130,256		)
Tax Loss Carryforwards	(160,588		)	(215,262		)
Other	(102,014		)	(90,461		)
Total Deferred Tax Assets	(400,594		)	(435,979		)
Total Net Deferred Income Taxes	$	1,362,844		$	1,267,648
Presented as Follows:
Net Deferred Tax Liability/(Asset) – Current	(47,153		)	(79,359		)
Net Deferred Tax Liability – Non-Current	1,409,997			1,347,007
Total Net Deferred Income Taxes	$	1,362,844		$	1,267,648