|
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified
|
Mar. 31, 2015
|
Dec. 31, 2014
|
| Utility plant: |
|
|
| Utility plant |
$ 2,373,167 |
$ 2,342,471 |
| Less accumulated depreciation and amortization |
(766,545) |
(752,040) |
| Net utility plant |
1,606,622 |
1,590,431 |
| Current assets: |
|
|
| Cash and cash equivalents |
33,311 |
19,587 |
| Receivables: |
|
|
| Customers |
24,327 |
25,803 |
| Regulatory balancing accounts |
50,016 |
53,199 |
| Other |
13,349 |
14,136 |
| Unbilled revenue |
22,599 |
23,740 |
| Materials and supplies at weighted average cost |
6,158 |
6,041 |
| Taxes, prepaid expenses and other assets |
9,495 |
11,618 |
| Total current assets |
159,255 |
154,124 |
| Other assets: |
|
|
| Regulatory assets |
401,089 |
390,331 |
| Goodwill |
2,615 |
2,615 |
| Other assets |
51,164 |
49,850 |
| Total other assets |
454,868 |
442,796 |
| Total assets |
2,220,745 |
2,187,351 |
| Capitalization: |
|
|
| Common stock, $.01 par value; 68,000 shares authorized, 47,880 and 47,806 outstanding in 2015 and 2014, respectively |
479 |
478 |
| Additional paid-in capital |
331,029 |
330,558 |
| Retained earnings |
289,158 |
295,590 |
| Total common stockholders' equity |
620,666 |
626,626 |
| Long-term debt, less current maturities |
419,014 |
419,233 |
| Total capitalization |
1,039,680 |
1,045,859 |
| Current liabilities: |
|
|
| Current maturities of long-term debt |
6,596 |
6,607 |
| Short-term borrowings |
109,115 |
79,115 |
| Accounts payable |
57,684 |
59,395 |
| Regulatory balancing accounts |
5,580 |
6,126 |
| Accrued interest |
9,583 |
4,194 |
| Accrued expenses and other liabilities |
65,385 |
62,269 |
| Total current liabilities |
253,943 |
217,706 |
| Unamortized investment tax credits |
2,032 |
2,032 |
| Deferred income taxes, net |
214,814 |
214,842 |
| Pension and postretirement benefits other than pensions |
277,094 |
270,865 |
| Regulatory and other liabilities |
81,499 |
83,279 |
| Advances for construction |
181,553 |
182,284 |
| Contributions in aid of construction |
170,130 |
170,484 |
| Commitments and contingencies (Note 10) |
|
|
| Total capitalization and liabilities |
$ 2,220,745 |
$ 2,187,351 |