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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Operating revenues        
Electric $ 2,616,351 $ 2,599,925 $ 7,215,699 $ 6,911,998
Natural gas 236,649 205,358 1,485,464 1,216,275
Other 16,807 17,055 56,344 55,827
Total operating revenues 2,869,807 2,822,338 8,757,507 8,184,100
Operating expenses        
Electric fuel and purchased power 1,079,855 1,097,944 3,188,498 3,034,031
Cost of natural gas sold and transported 99,344 74,847 934,073 702,987
Cost of sales — other 8,012 7,540 24,783 23,832
Operating and maintenance expenses 568,391 575,305 1,714,138 1,667,093
Conservation and demand side management program expenses 75,172 67,811 223,552 192,288
Depreciation and amortization 255,395 228,491 756,645 721,131
Taxes (other than income taxes) 117,958 105,287 358,938 320,765
Total operating expenses 2,204,127 2,157,225 7,200,627 6,662,127
Operating income 665,680 665,113 1,556,880 1,521,973
Other income (expense), net 1,404 (404) 4,687 3,931
Equity earnings of unconsolidated subsidiaries 7,401 7,273 22,650 22,379
Allowance for funds used during construction — equity 23,337 21,284 68,852 63,147
Interest charges and financing costs        
Interest charges — includes other financing costs of $5,737, $6,020, $17,144 and $24,058, respectively 143,219 144,542 421,713 431,026
Allowance for funds used during construction — debt (9,948) (9,377) (29,609) (28,451)
Total interest charges and financing costs 133,271 135,165 392,104 402,575
Income before income taxes 564,551 558,101 1,260,965 1,208,855
Income taxes 195,969 193,349 435,998 410,676
Net income $ 368,582 $ 364,752 $ 824,967 $ 798,179
Weighted average common shares outstanding:        
Basic (in shares) 506,082 498,149 502,983 495,256
Diluted (in shares) 506,365 498,641 503,213 495,767
Earnings per average common share:        
Basic (in dollars per share) $ 0.73 $ 0.73 $ 1.64 $ 1.61
Diluted (in dollars per share) $ 0.73 $ 0.73 $ 1.64 $ 1.61
Cash dividends declared per common share (in dollars per share) $ 0.30 $ 0.28 $ 0.90 $ 0.83