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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Electric $ 1,052,182 $ 940,815 $ 981,178
Gas 320,134 257,855 276,732
Total Revenues 1,372,316 1,198,670 1,257,910
Utilities Operating Expense, Fuel Used 425,548 306,190 318,020
Operating Expenses      
Operating and maintenance 208,303 202,991 209,052
Administrative and general 101,873 94,124 109,177
Property and other taxes 173,444 179,517 171,888
Depreciation and depletion 187,467 179,644 172,923
Total Operating Expenses 1,096,635 962,466 981,060
Operating Income 275,681 236,204 276,850
Interest Expense, net (93,674) (96,812) (95,068)
Other Income, net 8,252 4,853 413
Income Before Income Taxes 190,259 144,245 182,195
Income Tax (Expense) Benefit (3,419) 10,970 19,925
Net Income $ 186,840 $ 155,215 $ 202,120
Average Common Shares Outstanding 51,709,229 50,559,208 50,428,560
Basic Earnings per Average Common Share $ 3.61 $ 3.07 $ 4.01
Diluted Earnings per Average Common Share $ 3.60 $ 3.06 $ 3.98