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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES:    
Net Income $ 43,545 $ 40,409
Items not affecting cash:    
Depreciation 50,381 45,872
Amortization of debt issue costs, discount and deferred hedge gain 798 1,030
Amortization of restricted stock 1,066 861
Equity portion of allowance for funds used during construction (552) (2,585)
(Gain) loss on sale of assets (13) 628
Deferred income taxes 25,557 20,131
Changes in current assets and liabilities:    
Restricted cash (1,159) (1,204)
Accounts receivable 36,787 51,774
Inventories 6,407 5,240
Other current assets (4,141) 2,874
Accounts payable (18,900) (29,005)
Accrued expenses 7,868 12,147
Regulatory assets 9,091 (4,901)
Regulatory liabilities 2,111 (9,403)
Other noncurrent assets (4,112) 6,059
Other noncurrent liabilities 8,726 (7,469)
Cash provided by operating activities 163,460 132,458
INVESTING ACTIVITIES:    
Property, plant, and equipment additions (71,857) (116,233)
Proceeds from sale of assets 209 0
Cash used in investing activities (71,648) (116,233)
FINANCING ACTIVITIES:    
Treasury stock activity 125 88
Dividends on common stock (25,952) (24,494)
Issuance of long-term debt 0 225,000
Repayment on long-term debt (3,626) (228,403)
Line of credit borrowings 80,000 402,000
Line of credit repayments (233,000) (382,000)
Issuances of short-term borrowings, net 89,988 0
Financing costs (1,041) (6,611)
Cash used in financing activities (93,506) (14,420)
(Decrease) Increase in Cash and Cash Equivalents (1,694) 1,805
Cash and Cash Equivalents, beginning of period 6,234 4,344
Cash and Cash Equivalents, end of period 4,540 6,149
Cash paid during the period for:    
Income Taxes 18 0
Interest 20,060 22,086
Significant non-cash transactions:    
Capital expenditures included in accounts payable $ 4,740 $ 2,788