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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, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Operating revenues        
Electric $ 2,036,829 $ 2,128,397 $ 3,973,611 $ 4,158,369
Natural gas 221,313 291,538 842,348 1,056,887
Other 16,526 18,287 36,788 39,506
Total operating revenues 2,274,668 2,438,222 4,852,747 5,254,762
Operating expenses        
Electric fuel and purchased power 854,373 989,413 1,718,353 1,921,241
Cost of natural gas sold and transported 89,759 163,056 507,705 706,432
Cost of sales - other 5,944 6,891 13,248 14,946
Operating and maintenance expenses 534,014 532,170 1,044,698 1,042,197
Conservation and demand side management program expenses 58,615 65,497 122,322 140,795
Depreciation and amortization 226,641 229,264 455,313 453,987
Taxes (other than income taxes) 99,632 92,489 205,256 189,059
Total operating expenses 1,868,978 2,078,780 4,066,895 4,468,657
Operating income 405,690 359,442 785,852 786,105
Other income, net 728 979 4,465 5,745
Equity earnings of unconsolidated subsidiaries 7,502 7,677 14,660 15,390
Allowance for funds used during construction - equity 15,194 13,606 28,644 26,850
Interest charges and financing costs        
Interest charges - includes other financing costs of $6,036, $6,185, $12,116 and $11,445, respectively 151,921 146,338 303,751 290,692
Allowance for funds used during construction - debt (7,683) (7,838) (14,290) (15,274)
Total interest charges and financing costs 144,238 138,500 289,461 275,418
Income from continuing operations before income taxes 284,876 243,204 544,160 558,672
Income taxes 101,801 84,533 177,316 196,534
Income from continuing operations 183,075 158,671 366,844 362,138
(Loss) income from discontinued operations, net of tax (15) 91 109 193
Net income 183,060 158,762 366,953 362,331
Dividend requirements on preferred stock 0 1,060 0 2,120
Earnings available to common shareholders $ 183,060 $ 157,702 $ 366,953 $ 360,211
Weighted average common shares outstanding:        
Basic (in shares) 487,717 484,918 487,538 484,283
Diluted (in shares) 488,017 485,241 488,006 484,775
Earnings per average common share:        
Basic (in dollars per share) $ 0.38 $ 0.33 $ 0.75 $ 0.74
Diluted (in dollars per share) $ 0.38 $ 0.33 $ 0.75 $ 0.74
Cash dividends declared per common share (in dollars per share) $ 0.27 $ 0.26 $ 0.53 $ 0.51