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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
OPERATING ACTIVITIES:      
Net Income $ 92,556 $ 77,376 $ 73,420
Items not affecting cash:      
Depreciation 100,926 91,769 89,039
Amortization of debt issue costs, discount and deferred hedge gain 1,032 1,827 2,168
Amortization of nonvested shares 2,133 1,622 1,627
Equity portion of allowance for funds used during construction (1,877) (6,564) (2,113)
Loss (gain) on disposition of assets 811 11 (287)
Deferred income taxes 64,065 48,783 47,014
Changes in current assets and liabilities:      
Restricted cash 146 746 1,119
Accounts receivable (3,847) 455 11,913
Inventories (8,831) (3,396) 23,436
Other current assets (3,551) 8,155 (667)
Accounts payable (1,928) (12,766) (9,224)
Accrued expenses 1,883 31,064 (48,396)
Regulatory assets 1,684 (13,575) 1,109
Regulatory liabilities 16,020 (12,449) (19,601)
Other noncurrent assets (30,048) 5,332 (3,928)
Other noncurrent liabilities 2,583 530 (49,825)
Cash provided by operating activities 233,757 218,920 116,804
INVESTING ACTIVITIES:      
Property, plant, and equipment additions (188,730) (228,373) (189,360)
Asset acquisition 0 (12,372) 0
Proceeds from sale of assets 209 69 326
Cash used in investing activities (188,521) (240,676) (189,034)
FINANCING ACTIVITIES:      
Dividends on common stock (51,909) (48,997) (48,186)
Issuance of long-term debt 0 225,000 304,833
Repayment of long-term debt (6,589) (231,152) (137,800)
Line of credit borrowings 80,000 695,000 348,000
Line of credit repayments (233,000) (608,000) (390,000)
Issuances of short-term borrowings, net 166,934 0 0
Treasury stock activity 153 (185) (741)
Financing costs (1,131) (8,020) (10,824)
Cash (used in) provided by financing activities (45,542) 23,646 65,282
(Decrease) Increase in Cash and Cash Equivalents (306) 1,890 (6,948)
Cash and Cash Equivalents, beginning of period 6,234 4,344 11,292
Cash and Cash Equivalents, end of period $ 5,928 $ 6,234 $ 4,344