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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
OPERATING REVENUES:        
OPERATING REVENUES $ 740,698 $ 674,931 $ 1,352,118 $ 1,315,914
Operating Expenses        
Fuel for power generation 112,585 156,803 229,620 303,141
Purchased power 164,092 160,308 281,208 295,324
Gas purchased for resale 9,492 24,984 41,109 77,616
Deferred energy 10,490 (8,106) (1,249) (10,058)
Energy efficiency program costs 24,600 0 44,025 0
Other operating expenses 103,371 97,547 206,972 203,521
Maintenance 24,650 32,186 57,176 61,948
Depreciation and amortization 96,316 89,606 187,178 172,708
Taxes other than income 14,266 14,684 28,775 30,929
Total Operating Expenses 559,862 568,012 1,074,814 1,135,129
OPERATING INCOME 180,836 106,919 277,304 180,785
OTHER INCOME (EXPENSE):        
Interest expense (net of AFUDC-debt) (74,564) (80,879) (152,495) (158,222)
Interest income (expense) on regulatory items (1,977) (1,379) (4,179) (2,267)
AFUDC - equity 2,319 3,522 4,251 11,164
Other income 6,291 1,756 10,485 4,740
Other expense (4,640) (9,087) (7,700) (13,743)
Total Other Income (Expense) (72,571) (86,067) (149,638) (158,328)
Income Before Income Tax Expense 108,265 20,852 127,666 22,457
Income Tax Expense (Benefit) 38,826 7,964 46,054 7,239
NET INCOME 69,439 12,888 81,612 15,218
Other comprehensive income (loss):        
Change in compensation retirement benefits liability and amortization 154 731 309 1,873
Change in market value of risk management assets and liabilities (229) 0 (475) 0
OTHER COMPREHENSIVE INCOME(LOSS) (75) 731 (166) 1,873
COMPREHENSIVE INCOME 69,364 13,619 81,446 17,091
Amount per share basic and diluted        
Net income per share - basic $ 0.29 $ 0.05 $ 0.35 $ 0.06
Net income per share - diluted $ 0.29 $ 0.05 $ 0.34 $ 0.06
Weighted Average Shares of Common Stock Outstanding - basic 235,999,750 235,867,068 235,999,750 235,697,687
Weighted Average Shares of Common Stock Outstanding - diluted 237,903,276 [1] 237,278,546 [1] 237,715,070 237,027,656
Dividends Declared Per Share of Common Stock $ 0.17 $ 0.12 $ 0.30 $ 0.24
NPC [Member]
       
OPERATING REVENUES:        
OPERATING REVENUES 553,143 473,898 948,831 863,966
Operating Expenses        
Fuel for power generation 81,258 114,744 161,807 215,814
Purchased power 135,276 122,408 216,807 217,974
Deferred energy 5,053 2,350 7,224 9,080
Energy efficiency program costs 21,200 0 36,974 0
Other operating expenses 68,650 61,935 135,112 127,036
Maintenance 16,988 19,325 40,061 41,662
Depreciation and amortization 69,131 61,913 134,121 119,586
Taxes other than income 8,596 9,046 17,050 19,104
Total Operating Expenses 406,152 391,721 749,156 750,256
OPERATING INCOME 146,991 82,177 199,675 113,710
OTHER INCOME (EXPENSE):        
Interest expense (net of AFUDC-debt) (52,602) (55,736) (107,007) (107,769)
Interest income (expense) on regulatory items (1,849) 126 (3,865) 761
AFUDC - equity 1,577 2,855 2,990 9,953
Other income 5,392 568 7,101 2,114
Other expense (2,993) (5,179) (4,339) (7,911)
Total Other Income (Expense) (50,475) (57,366) (105,120) (102,852)
Income Before Income Tax Expense 96,516 24,811 94,555 10,858
Income Tax Expense (Benefit) 34,219 8,748 33,574 3,815
NET INCOME 62,297 16,063 60,981 7,043
Other comprehensive income (loss):        
Change in compensation retirement benefits liability and amortization 64 200 127 953
COMPREHENSIVE INCOME 62,361 16,263 61,108 7,996
SPPC [Member]
       
OPERATING REVENUES:        
Electric 168,007 164,582 337,813 343,199
Gas 19,544 36,448 65,466 108,742
OPERATING REVENUES 187,551 201,030 403,279 451,941
Operating Expenses        
Fuel for power generation 31,327 42,059 67,813 87,327
Purchased power 28,816 37,900 64,401 77,350
Gas purchased for resale 9,492 24,984 41,109 77,616
Deferral of energy - electric-net 4,314 (11,898) (8,356) (23,829)
Deferral of energy - gas-net 1,123 1,442 (117) 4,691
Energy efficiency program costs 3,400 0 7,051 0
Other operating expenses 33,654 34,687 70,086 74,903
Maintenance 7,662 12,861 17,115 20,286
Depreciation and amortization 27,185 27,693 53,057 53,122
Taxes other than income 5,625 5,599 11,488 11,623
Total Operating Expenses 152,598 175,327 323,647 383,089
OPERATING INCOME 34,953 25,703 79,632 68,852
OTHER INCOME (EXPENSE):        
Interest expense (net of AFUDC-debt) (15,379) (16,774) (32,352) (33,720)
Interest income (expense) on regulatory items (128) (1,505) (314) (3,028)
AFUDC - equity 742 667 1,261 1,211
Other income 599 602 2,782 1,866
Other expense (1,276) (3,554) (2,611) (5,148)
Total Other Income (Expense) (15,442) (20,564) (31,234) (38,819)
Income Before Income Tax Expense 19,511 5,139 48,398 30,033
Income Tax Expense (Benefit) 6,832 1,627 17,075 9,945
NET INCOME 12,679 3,512 31,323 20,088
Other comprehensive income (loss):        
Change in compensation retirement benefits liability and amortization 43 390 85 1,951
COMPREHENSIVE INCOME $ 12,722 $ 3,902 $ 31,408 $ 22,039
[1] The denominator does not include stock equivalents for options issued under the non-qualified stock option plan due to conversion prices being higher than market prices for all periods. If the conditions for conversion were met under this plan, 435,872 and 451,028 shares, would be included for the three and six months ended June 30, 2012, respectively, and 572,957 and 577,357 would be included for the three and six months ended June 30, 2011, respectively.