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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating revenues    
Electric $ 2,299,060 $ 2,185,119
Natural gas 625,703 565,689
Other 21,659 21,465
Total operating revenues 2,946,422 2,772,273
Operating expenses    
Electric fuel and purchased power 925,221 861,852
Cost of natural gas sold and transported 365,134 312,117
Cost of sales — other 8,587 8,245
Operating and maintenance expenses 586,430 577,410
Conservation and demand side management program expenses 67,533 57,436
Depreciation and amortization 365,204 320,020
Taxes (other than income taxes) 142,094 145,323
Total operating expenses 2,460,203 2,282,403
Operating income 486,219 489,870
Other income, net 6,446 4,250
Equity earnings of unconsolidated subsidiaries 7,875 13,182
Allowance for funds used during construction — equity 14,313 13,113
Interest charges and financing costs    
Interest charges — includes other financing costs of $5,858 and $6,336, respectively 165,934 156,443
Allowance for funds used during construction — debt (7,022) (5,990)
Total interest charges and financing costs 158,912 150,453
Income before income taxes 355,941 369,962
Income taxes 116,664 128,650
Net income $ 239,277 $ 241,312
Weighted average common shares outstanding:    
Basic (in shares) 508,278 508,667
Diluted (in shares) 508,774 509,150
Earnings per average common share:    
Basic (in dollars per share) $ 0.47 $ 0.47
Diluted (in dollars per share) 0.47 0.47
Cash dividends declared per common share (in dollars per share) $ 0.36 $ 0.34