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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
OPERATING ACTIVITIES:  
Net Income$ 58,440$ 54,788
Items not affecting cash:  
Depreciation75,56268,697
Amortization of debt issue costs, discount and deferred hedge gain9141,428
Amortization of restricted stock1,6491,264
Equity portion of allowance for funds used during construction(960)(4,597)
Loss on disposition of assets850716
Deferred income taxes31,31031,213
Changes in current assets and liabilities:  
Restricted cash1,1882,241
Accounts receivable36,19245,117
Inventories(21,346)(17,391)
Other current assets(1,896)6,021
Accounts payable(12,808)(31,371)
Accrued expenses37,01841,108
Regulatory assets5,539(8,247)
Regulatory liabilities2,663(12,551)
Other noncurrent assets(3,451)10,923
Other noncurrent liabilities(359)(1,049)
Cash provided by operating activities210,505188,310
INVESTING ACTIVITIES:  
Property, plant, and equipment additions(124,484)(178,147)
Proceeds from sale of assets20969
Cash used in investing activities(124,275)(178,078)
FINANCING ACTIVITIES:  
Treasury stock activity169(127)
Dividends on common stock(38,930)(36,728)
Issuance of long-term debt0225,000
Repayment on long-term debt(6,586)(231,141)
Line of credit borrowings80,000554,000
Line of credit repayments(233,000)(511,000)
Issuances of short-term borrowings, net112,9930
Financing costs(1,116)(8,019)
Cash used in financing activities(86,470)(8,015)
(Decrease) Increase in Cash and Cash Equivalents(240)2,217
Cash and Cash Equivalents, beginning of period6,2344,344
Cash and Cash Equivalents, end of period5,9946,561
Cash paid during the period for:  
Income taxes181,000
Interest28,95031,637
Significant non-cash transactions:  
Capital expenditures included in accounts payable$ 4,314$ 4,416