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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating revenues      
Electric $ 8,766,593 $ 8,451,845 $ 7,704,723
Natural gas 1,811,926 1,782,582 1,865,703
Other 76,251 76,520 73,877
Total operating revenues 10,654,770 10,310,947 9,644,303
Operating expenses      
Electric fuel and purchased power 3,991,786 4,010,660 3,672,490
Cost of natural gas sold and transported 1,163,890 1,162,926 1,266,440
Cost of sales - other 30,391 29,540 22,107
Operating and maintenance expenses 2,140,289 2,057,249 1,908,097
Conservation and demand side management program expenses 281,378 239,827 182,112
Depreciation and amortization 890,619 858,882 818,052
Taxes (other than income taxes) 374,815 331,894 306,433
Total operating expenses 8,873,168 8,690,978 8,175,731
Operating income 1,781,602 1,619,969 1,468,572
Other income, net 9,255 31,143 9,771
Equity earnings of unconsolidated subsidiaries 30,527 29,948 24,664
Allowance for funds used during construction - equity 51,223 56,152 75,686
Interest charges and financing costs      
Interest charges - includes other financing costs of $24,019, $20,638, and $20,162, respectively 591,098 577,291 561,654
Allowance for funds used during construction - debt (28,181) (28,670) (39,799)
Total interest charges and financing costs 562,917 548,621 521,855
Income from continuing operations before income taxes 1,309,690 1,188,591 1,056,838
Income taxes 468,316 436,635 371,314
Income from continuing operations 841,374 751,956 685,524
Income (loss) from discontinued operations, net of tax (202) 3,878 (4,637)
Net income 841,172 755,834 680,887
Dividend requirements on preferred stock 3,534 4,241 4,241
Premium on redemption of preferred stock 3,260 0 0
Earnings available to common shareholders $ 834,378 $ 751,593 $ 676,646
Weighted average common shares outstanding:      
Basic (in shares) 485,039 462,052 456,433
Diluted (in shares) 485,615 463,391 457,139
Earnings per average common share - basic:      
Income from continuing operations (in dollars per share) $ 1.72 $ 1.62 $ 1.49
Income (loss) from discontinued operations (in dollars per share) $ 0 $ 0.01 $ (0.01)
Earnings per share (in dollars per share) $ 1.72 $ 1.63 $ 1.48
Earnings per average common share - diluted:      
Income from continuing operations (in dollars per share) $ 1.72 $ 1.61 $ 1.49
Income (loss) from discontinued operations (in dollars per share) $ 0 $ 0.01 $ (0.01)
Earnings per share (in dollars per share) $ 1.72 $ 1.62 $ 1.48
Cash dividends declared per common share (in dollars per share) $ 1.03 $ 1.00 $ 0.97