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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, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Operating revenues        
Electric $ 2,219,877 $ 2,036,829 $ 4,312,073 $ 3,973,611
Natural gas 341,321 221,313 1,010,917 842,348
Other 17,715 16,526 38,772 36,788
Total operating revenues 2,578,913 2,274,668 5,361,762 4,852,747
Operating expenses        
Electric fuel and purchased power 1,011,044 854,373 1,936,087 1,718,353
Cost of natural gas sold and transported 188,765 89,759 628,140 507,705
Cost of sales — other 7,881 5,944 16,292 13,248
Operating and maintenance expenses 562,557 534,014 1,091,788 1,044,698
Conservation and demand side management program expenses 60,445 58,615 124,477 122,322
Depreciation and amortization 243,934 226,641 492,640 455,313
Taxes (other than income taxes) 102,051 99,632 215,478 205,256
Total operating expenses 2,176,677 1,868,978 4,504,902 4,066,895
Operating income 402,236 405,690 856,860 785,852
Other income, net 413 728 4,335 4,465
Equity earnings of unconsolidated subsidiaries 7,529 7,502 15,106 14,660
Allowance for funds used during construction — equity 22,109 15,194 41,863 28,644
Interest charges and financing costs        
Interest charges — includes other financing costs of $12,229, $6,036, $18,038 and $12,116, respectively 146,828 151,921 286,441 303,751
Allowance for funds used during construction — debt (10,316) (7,683) (19,074) (14,290)
Total interest charges and financing costs 136,512 144,238 267,367 289,461
Income from continuing operations before income taxes 295,775 284,876 650,797 544,160
Income taxes 98,893 101,801 217,327 177,316
Income from continuing operations 196,882 183,075 433,470 366,844
(Loss) income from discontinued operations, net of tax (25) (15) (43) 109
Net income $ 196,857 $ 183,060 $ 433,427 $ 366,953
Weighted average common shares outstanding:        
Basic (in shares) 497,747 487,717 493,786 487,538
Diluted (in shares) 498,036 488,017 494,303 488,006
Earnings per average common share:        
Basic (in dollars per share) $ 0.40 $ 0.38 $ 0.88 $ 0.75
Diluted (in dollars per share) $ 0.40 $ 0.38 $ 0.88 $ 0.75
Cash dividends declared per common share (in dollars per share) $ 0.28 $ 0.27 $ 0.55 $ 0.53