|
|
Three Months Ended
|
|
|
|
Mar 2000
|
|
June 2000
|
|
| Operating revenues: |
|
|
|
|
|
|
|
| |
Electric utility |
|
$ |
1,216,046 |
|
$ |
1,301,233 |
|
| |
Gas utility |
|
|
485,238 |
|
|
233,122 |
|
| |
Nonregulated and other |
|
|
383,802 |
|
|
518,832 |
|
| |
Equity earnings from investments in affiliates |
|
|
12,902 |
|
|
57,187 |
|
| |
|
|
|
|
|
|
|
| |
|
Total revenue |
|
|
2,097,988 |
|
|
2,110,374 |
|
| Operating expenses: |
|
|
|
|
|
|
|
| |
Electric fuel and purchased power—utility |
|
|
494,202 |
|
|
526,577 |
|
| |
Cost of gas sold and transported—utility |
|
|
315,924 |
|
|
133,690 |
|
| |
Cost of goods sold—nonregulated and other |
|
|
155,211 |
|
|
251,410 |
|
| |
Other operating and maintenance expenses—utility |
|
|
341,356 |
|
|
338,293 |
|
| |
Other operating and maintenance expenses—nonregulated |
|
|
143,084 |
|
|
142,146 |
|
| |
Depreciation and amortization |
|
|
186,309 |
|
|
198,849 |
|
| |
Taxes (other than income taxes) |
|
|
92,409 |
|
|
89,036 |
|
| |
Special charges |
|
|
937 |
|
|
— |
|
| |
|
|
|
|
|
|
|
| |
|
Total operating expenses |
|
|
1,729,432 |
|
|
1,680,001 |
|
| |
|
|
|
|
|
|
|
| Operating income |
|
|
368,556 |
|
|
430,373 |
|
| Other income (deductions) |
|
|
(956 |
) |
|
(12,286 |
) |
| Interest charges and financing costs: |
|
|
|
|
|
|
|
| |
Interest charges—net of amount capitalized |
|
|
139,829 |
|
|
171,407 |
|
| |
Distributions on redeemable preferred securities of subsidiary trusts |
|
|
9,700 |
|
|
9,700 |
|
| |
|
|
|
|
|
|
|
| |
|
Total interest charges and financing costs |
|
|
149,529 |
|
|
181,107 |
|
| |
|
|
|
|
|
|
|
| Income before income taxes and extraordinary item |
|
|
218,071 |
|
|
236,980 |
|
| Income taxes |
|
|
64,740 |
|
|
80,239 |
|
| |
|
|
|
|
|
|
|
| Income before extraordinary item |
|
|
153,331 |
|
|
156,741 |
|
| Extraordinary item, net of tax |
|
|
— |
|
|
(13,658 |
) |
| |
|
|
|
|
|
|
|
| Net income |
|
|
153,331 |
|
|
143,083 |
|
| Dividend and redemption premiums on preferred stock |
|
|
(1,060 |
) |
|
(1,061 |
) |
| |
|
|
|
|
|
|
|
| Earnings available for common shareholders |
|
$ |
152,271 |
|
$ |
142,022 |
|
| |
|
|
|
|
|
|
|
| Weighted average common shares outstanding: |
|
|
|
|
|
|
|
| |
Basic |
|
|
335,858 |
|
|
337,466 |
|
| |
Diluted |
|
|
335,873 |
|
|
337,634 |
|
| Earnings per share—basic and diluted before extraordinary item |
|
$ |
0.45 |
|
$ |
0.46 |
|
| Extraordinary item |
|
$ |
— |
|
$ |
(0.04 |
) |
| |
|
|
|
|
|
|
|
| Earnings per share—basic and diluted |
|
$ |
0.45 |
|
$ |
0.42 |
|
| |
|
|
|
|
|
|
|
