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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Electric $ 1,106,565 $ 1,052,182 $ 940,815
Gas 371,272 320,134 257,855
Total Revenues 1,477,837 1,372,316 1,198,670
Utilities Operating Expense, Fuel Used 492,011 425,548 306,190
Operating Expenses      
Operating and maintenance 221,427 208,303 202,991
Administrative and general 113,776 101,873 94,124
Property and other taxes 192,524 173,444 179,517
Depreciation and depletion 195,020 187,467 179,644
Total Operating Expenses 1,214,758 1,096,635 962,466
Operating Income 263,079 275,681 236,204
Interest Expense, net (100,110) (93,674) (96,812)
Other Income, net 19,434 8,252 4,853
Income Before Income Taxes 182,403 190,259 144,245
Income Tax Benefit (Expense) 605 (3,419) 10,970
Net Income $ 183,008 $ 186,840 $ 155,215
Average Common Shares Outstanding 55,769,156 51,709,229 50,559,208
Basic Earnings per Average Common Share $ 3.28 $ 3.61 $ 3.07
Diluted Earnings per Average Common Share $ 3.25 $ 3.60 $ 3.06