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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Operating revenues        
Electric $ 2,297,638 $ 2,219,877 $ 4,599,348 $ 4,312,073
Natural gas 369,127 341,321 1,248,815 1,010,917
Other 18,331 17,715 39,537 38,772
Total operating revenues 2,685,096 2,578,913 5,887,700 5,361,762
Operating expenses        
Electric fuel and purchased power 1,041,322 1,011,044 2,108,643 1,936,087
Cost of natural gas sold and transported 210,901 188,765 834,729 628,140
Cost of sales — other 7,642 7,881 16,771 16,292
Operating and maintenance expenses 585,604 562,557 1,145,747 1,091,788
Conservation and demand side management program expenses 70,834 60,445 148,380 124,477
Depreciation and amortization 255,307 243,934 501,250 492,640
Taxes (other than income taxes) 116,278 102,051 240,980 215,478
Total operating expenses 2,287,888 2,176,677 4,996,500 4,504,902
Operating income 397,208 402,236 891,200 856,860
Other income, net 82 413 3,283 4,335
Equity earnings of unconsolidated subsidiaries 7,811 7,529 15,249 15,106
Allowance for funds used during construction — equity 23,608 22,109 45,515 41,863
Interest charges and financing costs        
Interest charges — includes other financing costs of $5,614, $12,229, $11,406 and $18,038, respectively 139,400 146,853 278,494 286,484
Allowance for funds used during construction — debt (10,113) (10,316) (19,661) (19,074)
Total interest charges and financing costs 129,287 136,537 258,833 267,410
Income before income taxes 299,422 295,750 696,414 650,754
Income taxes 104,258 98,893 240,029 217,327
Net income $ 195,164 $ 196,857 $ 456,385 $ 433,427
Weighted average common shares outstanding:        
Basic (in shares) 503,272 497,747 501,408 493,786
Diluted (in shares) 503,456 498,036 501,612 494,303
Earnings per average common share:        
Basic (in dollars per share) $ 0.39 $ 0.40 $ 0.91 $ 0.88
Diluted (in dollars per share) $ 0.39 $ 0.40 $ 0.91 $ 0.88
Cash dividends declared per common share (in dollars per share) $ 0.30 $ 0.28 $ 0.60 $ 0.55