Document and Entity Information Document
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6 Months Ended | |
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Jun. 30, 2013
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Jul. 30, 2013
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Entity Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2013 | |
Document Fiscal Year Focus | 2013 | |
Document Fiscal Period Focus | Q2 | |
Trading Symbol | WR | |
Entity Registrant Name | WESTAR ENERGY INC /KS | |
Entity Central Index Key | 0000054507 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 127,022,030 |
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The noncurrent liability recognized in the balance sheet associated with defined benefit pension plans, other post-retirement benefit plans and other general benefit plans. No definition available.
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Consolidated Balance Sheets Parenthetical (Parentheticals) (USD $)
In Thousands, except Share data, unless otherwise specified |
Jun. 30, 2013
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Dec. 31, 2012
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Allowance for doubtful accounts | $ 3,466 | $ 4,916 |
Common stock, par value | $ 5 | $ 5 |
Common stock, shares authorized | 275,000,000 | 275,000,000 |
Common stock, shares issued | 126,935,051 | 126,503,748 |
Common stock, shares outstanding | 126,935,051 | 126,503,748 |
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Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2013
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Jun. 30, 2012
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REVENUES | $ 569,589 | $ 566,262 | $ 1,115,801 | $ 1,041,940 |
OPERATING EXPENSES: | ||||
Fuel and purchased power | 152,700 | 147,680 | 304,452 | 275,334 |
Operating and maintenance | 163,303 | 156,470 | 322,032 | 312,514 |
Depreciation and amortization | 67,597 | 66,299 | 134,443 | 139,579 |
Selling, general and administrative | 54,477 | 62,711 | 103,422 | 110,046 |
Total Operating Expenses | 438,077 | 433,160 | 864,349 | 837,473 |
INCOME FROM OPERATIONS | 131,512 | 133,102 | 251,452 | 204,467 |
OTHER INCOME (EXPENSE): | ||||
Investment earnings (losses) | 1,690 | (598) | 5,749 | 3,727 |
Other income | 13,711 | 7,537 | 17,427 | 21,127 |
Other expense | (2,354) | (2,416) | (7,715) | (7,969) |
Total Other Income | 13,047 | 4,523 | 15,461 | 16,885 |
Interest expense | 45,798 | 44,823 | 90,082 | 86,869 |
INCOME BEFORE INCOME TAXES | 98,761 | 92,802 | 176,831 | 134,483 |
Income tax expense | 29,310 | 28,340 | 54,123 | 40,783 |
NET INCOME | 69,451 | 64,462 | 122,708 | 93,700 |
Less: Net income attributable to noncontrolling interests | 2,263 | 1,728 | 4,375 | 3,442 |
NET INCOME ATTRIBUTABLE TO WESTAR ENERGY, INC. | 67,188 | 62,734 | 118,333 | 90,258 |
Preferred dividends | 0 | 1,373 | 0 | 1,616 |
NET INCOME ATTRIBUTABLE TO COMMON STOCK | $ 67,188 | $ 61,361 | $ 118,333 | $ 88,642 |
Earnings Per Share [Abstract] | ||||
Earnings Per Share, Basic | $ 0.53 | $ 0.48 | $ 0.93 | $ 0.70 |
Earnings Per Share, Diluted | $ 0.52 | $ 0.48 | $ 0.92 | $ 0.70 |
AVERAGE EQUIVALENT COMMON SHARES OUTSTANDING | ||||
Weighted Average Number of Shares Outstanding , Basic | 127,311,411 | 126,637,067 | 127,254,250 | 126,566,071 |
Weighted Average Number of Shares Outstanding, Diluted | 127,930,395 | 126,876,536 | 127,735,157 | 126,744,539 |
DIVIDENDS DECLARED PER COMMON SHARE | $ 0.34 | $ 0.33 | $ 0.68 | $ 0.66 |
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Fuel and purchased power expense incurred that are directly related to goods produced and sold. No definition available.
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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified |
6 Months Ended | |
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Jun. 30, 2013
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Jun. 30, 2012
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CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES: | ||
Net income | $ 122,708 | $ 93,700 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 134,443 | 139,579 |
Amortization of nuclear fuel | 8,631 | 9,026 |
Amortization of deferred regulatory gain from sale leaseback | (2,748) | (2,748) |
Amortization of corporate-owned life insurance | 4,138 | 10,921 |
Non-cash compensation | 4,146 | 3,738 |
Net deferred income taxes and credits | 45,409 | 33,586 |
Stock-based compensation excess tax benefits | (399) | (1,498) |
Allowance for equity funds used during construction | (5,689) | (6,778) |
Changes in working capital items: | ||
Accounts receivable | (15,271) | (51,055) |
Fuel inventory and supplies | 11,780 | (26,830) |
Prepaid expenses and other | 2,396 | 17,368 |
Accounts payable | (24,838) | (8,741) |
Accrued taxes | 16,196 | 16,276 |
Other current liabilities | (58,624) | (61,894) |
Changes in other assets | (28,048) | (40,100) |
Changes in other liabilities | 17,080 | (21,371) |
Cash Flows from Operating Activities | 231,310 | 103,179 |
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES: | ||
Additions to property, plant and equipment | (398,998) | (417,617) |
Purchase of securities - trusts | (59,986) | (16,817) |
Sale of securities - trusts | 75,475 | 18,040 |
Investment in corporate-owned life insurance | 17,408 | 18,167 |
Proceeds from investment in corporate-owned life insurance | 101,085 | 16,330 |
Proceeds from federal grant | 876 | 3,289 |
Investment in affiliated company | 0 | (4,505) |
Other investing activities | (2,362) | (343) |
Cash Flows used in Investing Activities | (301,318) | (419,790) |
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES: | ||
Short-term debt, net | 70,617 | 62,107 |
Proceeds from long-term debt | 245,813 | 541,504 |
Retirements of long-term debt | (100,000) | (220,563) |
Repayment of capital leases | (1,539) | (1,287) |
Borrowings against cash surrender value of corporate-owned life insurance | 57,948 | 63,287 |
Repayment of borrowings against cash surrender value of corporate-owned life insurance | (100,060) | (18,252) |
Stock-based compensation excess tax benefits | 399 | 1,498 |
Preferred stock redemption | 0 | (22,567) |
Issuance of common stock | 2,992 | 3,697 |
Distributions to shareholders of noncontrolling interests | 1,658 | 3,252 |
Cash dividends paid | (80,886) | (78,710) |
Cash Flows from Financing Activities | 68,152 | 319,726 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | (1,856) | 3,115 |
CASH AND CASH EQUIVALENTS: | ||
Beginning of period | 5,829 | 3,539 |
End of period | 3,973 | 6,654 |
Variable Interest Entity [Member]
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CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES: | ||
Retirements of long-term debt | $ (25,474) | $ (7,736) |
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Consolidated Statements Of Changes In Equity (USD $)
In Thousands, except Share data |
Total
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Common Stock [Member]
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Paid-In Capital [Member]
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Retained Earnings [Member]
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Noncontrolling Interests [Member]
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Beginning Balance at Dec. 31, 2011 | $ 2,800,741 | $ 21,436 | $ 628,492 | $ 1,639,503 | $ 501,216 | $ 10,094 |
Beginning Balance (Shares) at Dec. 31, 2011 | 214,363 | 125,698,396 | ||||
Net income | 93,700 | 0 | 0 | 0 | 90,258 | 3,442 |
Issuance of stock | 14,901 | 0 | 2,627 | 12,274 | 0 | 0 |
Issuance of stock (shares) | 0 | 525,452 | ||||
Stock redemption | (21,436) | (21,436) | 0 | 0 | 0 | 0 |
Stock redemption (shares) | (214,363) | 0 | ||||
Preferred dividends | (1,616) | 0 | 0 | 0 | (1,616) | 0 |
Dividends on common stock | (84,138) | 0 | 0 | 0 | (84,138) | 0 |
Amortization of restricted stock | 3,004 | 0 | 0 | 3,004 | 0 | 0 |
Stock compensation and tax benefit | (7,790) | 0 | 0 | (7,790) | 0 | 0 |
Deconsolidation of variable interest entity | 0 | |||||
Distributions to shareholders of noncontrolling interests | 3,252 | 0 | 0 | 0 | 0 | 3,252 |
Ending Balance at Jun. 30, 2012 | 2,794,114 | 0 | 631,119 | 1,646,991 | 505,720 | 10,284 |
Ending Balance (Shares) at Jun. 30, 2012 | 0 | 126,223,848 | ||||
Beginning Balance at Dec. 31, 2012 | 2,910,255 | 0 | 632,519 | 1,656,972 | 606,649 | 14,115 |
Beginning Balance (Shares) at Dec. 31, 2012 | 0 | 126,503,748 | ||||
Net income | 122,708 | 0 | 0 | 0 | 4,375 | |
Issuance of stock | 12,708 | 0 | 2,156 | 10,552 | 0 | 0 |
Issuance of stock (shares) | 0 | 431,303 | ||||
Preferred dividends | 0 | |||||
Dividends on common stock | (87,082) | 0 | 0 | 0 | (87,082) | 0 |
Amortization of restricted stock | 3,326 | 0 | 0 | 3,326 | 0 | 0 |
Stock compensation and tax benefit | (6,325) | 0 | 0 | (6,325) | 0 | 0 |
Deconsolidation of variable interest entity | (14,282) | 0 | 0 | 0 | 0 | (14,282) |
Distributions to shareholders of noncontrolling interests | 1,658 | 0 | 0 | 0 | 0 | 1,658 |
Ending Balance at Jun. 30, 2013 | $ 2,939,650 | $ 0 | $ 634,675 | $ 1,664,525 | $ 637,900 | $ 2,550 |
Ending Balance (Shares) at Jun. 30, 2013 | 0 | 126,935,051 |
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Consolidated Statements Of Changes in Equity Parenthetical (Parentheticals) (USD $)
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3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2013
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Jun. 30, 2012
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DIVIDENDS DECLARED PER COMMON SHARE | $ 0.34 | $ 0.33 | $ 0.68 | $ 0.66 |
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Description Of Business
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6 Months Ended |
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Jun. 30, 2013
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Description Of Business | DESCRIPTION OF BUSINESS We are the largest electric utility in Kansas. Unless the context otherwise indicates, all references in this Quarterly Report on Form 10-Q to "the company," "we," "us," "our" and similar words are to Westar Energy, Inc. and its consolidated subsidiaries. The term "Westar Energy" refers to Westar Energy, Inc., a Kansas corporation incorporated in 1924, alone and not together with its consolidated subsidiaries. We provide electric generation, transmission and distribution services to approximately 694,000 customers in Kansas. Westar Energy provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Kansas Gas and Electric Company (KGE), Westar Energy's wholly owned subsidiary, provides these services in south-central and southeastern Kansas, including the city of Wichita. Both Westar Energy and KGE conduct business using the name Westar Energy. Our corporate headquarters is located at 818 South Kansas Avenue, Topeka, Kansas 66612. |
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Summary Of Significant Accounting Policies
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary Of Significant Accounting Policies | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation We prepare our unaudited condensed consolidated financial statements in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements presented in accordance with generally accepted accounting principles (GAAP) have been condensed or omitted. Our condensed consolidated financial statements include all operating divisions, majority owned subsidiaries and variable interest entities (VIEs) of which we maintain a controlling interest or are the primary beneficiary reported as a single reportable segment. Undivided interests in jointly-owned generation facilities are included on a proportionate basis. Intercompany accounts and transactions have been eliminated in consolidation. In our opinion, all adjustments, consisting only of normal recurring adjustments considered necessary for a fair presentation of the consolidated financial statements, have been included. The accompanying condensed consolidated financial statements and notes should be read in conjunction with the consolidated financial statements and notes included in our 2012 Form 10-K. Use of Management's Estimates When we prepare our condensed consolidated financial statements, we are required to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities at the date of our condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. We evaluate our estimates on an on-going basis, including those related to depreciation, unbilled revenue, valuation of investments, forecasted fuel costs included in our retail energy cost adjustment billed to customers, income taxes, pension and post-retirement benefits, our asset retirement obligations including the decommissioning of Wolf Creek, environmental issues, VIEs, contingencies and litigation. Actual results may differ from those estimates under different assumptions or conditions. The results of operations for the three and six months ended June 30, 2013, are not necessarily indicative of the results to be expected for the full year. Restricted Cash Pursuant to Westar Energy's Articles of Incorporation, Westar Energy deposited cash in a separate bank account in 2012 to effect the redemption of all of Westar Energy's preferred stock. Fuel Inventory and Supplies We state fuel inventory and supplies at average cost. Following are the balances for fuel inventory and supplies stated separately.
Allowance for Funds Used During Construction Allowance for funds used during construction (AFUDC) represents the allowed cost of capital used to finance utility construction activity. We compute AFUDC by applying a composite rate to qualified construction work in progress. We credit other income (for equity funds) and interest expense (for borrowed funds) for the amount of AFUDC capitalized as construction cost on the accompanying consolidated statements of income as follows:
Earnings Per Share We have participating securities in the form of unvested restricted share units (RSUs) with nonforfeitable rights to dividend equivalents that receive dividends on an equal basis with dividends declared on common shares. As a result, we apply the two-class method of computing basic and diluted earnings per share (EPS). Under the two-class method, we reduce net income attributable to common stock by the amount of dividends declared in the current period. We allocate the remaining earnings to common stock and RSUs to the extent that each security may share in earnings as if all of the earnings for the period had been distributed. We determine the total earnings allocated to each security by adding together the amount allocated for dividends and the amount allocated for a participation feature. To compute basic EPS, we divide the earnings allocated to common stock by the weighted average number of common shares outstanding. Diluted EPS includes the effect of potential issuances of common shares resulting from our forward sale agreements and RSUs with forfeitable rights to dividend equivalents. We compute the dilutive effect of potential issuances of common shares using the treasury stock method. The following table reconciles our basic and diluted EPS from net income.
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Supplemental Cash Flow Information
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Rate Matters And Regulation
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Regulated Operations [Abstract] | |
Rate Matters And Regulation | RATE MATTERS AND REGULATION KCC Proceedings In July 2013, the Kansas Corporation Commission (KCC) issued an order allowing us to adjust our prices to include updated transmission costs as reflected in the transmission formula rate discussed below. The new prices were effective in March 2013 and are expected to increase our annual retail revenues by approximately $11.8 million. In May 2013, the KCC issued an order allowing us to adjust our prices to include costs associated with 2012 investments in environmental projects. The new prices were effective in June 2013 and are expected to increase our annual retail revenues by approximately $27.3 million. In April 2013, we filed with the KCC for an abbreviated rate review to adjust our prices to include $333.4 million of additional investment in the La Cygne Generating Station (La Cygne) environmental upgrades and to reflect cost reductions elsewhere. If approved, we estimate that the new prices will increase our annual retail revenues by approximately $31.7 million. We expect the KCC to issue an order on our request in late 2013. FERC Proceedings Our transmission formula rate that includes projected 2013 transmission capital expenditures and operating costs was effective in January 2013 and is expected to increase our annual transmission revenues by approximately $12.2 million. This updated rate provided the basis for our request with the KCC to adjust our retail prices to include updated transmission costs as discussed above. |
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Financial and Derivative Instruments and Trading Securities
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Financial And Derivative Instruments And Trading Securities | FINANCIAL AND DERIVATIVE INSTRUMENTS AND TRADING SECURITIES Values of Financial and Derivative Instruments GAAP establishes a hierarchical framework for disclosing the transparency of the inputs utilized in measuring assets and liabilities at fair value. Our assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the classification of assets and liabilities within the fair value hierarchy levels. The three levels of the hierarchy and examples are as follows:
We record cash and cash equivalents, short-term borrowings and variable rate debt on our consolidated balance sheets at cost, which approximates fair value. We measure the fair value of fixed rate debt, a level 2 measurement, based on quoted market prices for the same or similar issues or on the current rates offered for instruments of the same remaining maturities and redemption provisions. The recorded amount of accounts receivable and other current financial instruments approximates fair value. All of our level 2 investments are held in investment funds that are measured at fair value using daily net asset values. In addition, we maintain certain level 3 investments in private equity, alternative investments and real estate securities that are also measured at fair value using net asset value, but require significant unobservable market information to measure the fair value of the underlying investments. The underlying investments in private equity are measured at fair value utilizing both market- and income-based models, public company comparables, investment cost or the value derived from subsequent financings. Adjustments are made when actual performance differs from expected performance; when market, economic or company-specific conditions change; and when other news or events have a material impact on the security. The underlying alternative investments include collateralized debt obligations, mezzanine debt and a variety of other investments. The fair value of these investments are measured using a variety of primarily market-based models utilizing inputs such as security prices, maturity, call features, ratings and other developments related to specific securities. The underlying real estate investments are measured at fair value using a combination of market- and income-based models utilizing market discount rates, projected cash flows and the estimated value into perpetuity. We measure fair value based on information available as of the measurement date. The following table provides the carrying values and measured fair values of our fixed-rate debt.
Recurring Fair Value Measurements The following table provides the amounts and their corresponding level of hierarchy for our assets that are measured at fair value.
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The following table provides reconciliations of assets and liabilities measured at fair value using significant level 3 inputs for the three and six months ended June 30, 2013.
The following table provides reconciliations of assets and liabilities measured at fair value using significant level 3 inputs for the three and six months ended June 30, 2012.
Portions of the gains and losses contributing to changes in net assets in the above tables are unrealized. The following tables summarize the unrealized gains and losses we recorded on our consolidated financial statements during the three and six months ended June 30, 2013 and 2012, attributed to level 3 assets and liabilities.
Some of our investments in the nuclear decommissioning trust (NDT) and our trading securities portfolio are measured at net asset value and do not have readily determinable fair values. These investments are either with investment companies or companies that follow accounting guidance consistent with investment companies. In certain situations these investments may have redemption restrictions. The following table provides additional information on these investments.
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Price Risk We use various types of fuel, including coal, natural gas, uranium and diesel to operate our plants and also purchase power to meet customer demand. Our prices and consolidated financial results are exposed to market risks from commodity price changes for electricity and other energy-related products as well as interest rates. Volatility in these markets impacts our costs of purchased power and costs of fuel for our generating plants. We strive to manage our customers' and our exposure to the market risks through regulatory, operating and financing activities. Interest Rate Risk We have entered into numerous fixed and variable rate debt obligations. We manage our interest rate risk related to these debt obligations by limiting our exposure to variable interest rate debt, diversifying maturity dates and entering into treasury yield hedge transactions. We may also use other financial derivative instruments such as interest rate swaps. |
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Investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Investments | FINANCIAL INVESTMENTS We report some of our investments in equity and debt securities at fair value and use the specific identification method to determine their realized gains and losses. We classify these investments as either trading securities or available-for-sale securities as described below. Trading Securities We hold equity and debt investments in a trust used to fund retirement benefits that we classify as trading securities. We include unrealized gains or losses on these securities in investment earnings on our consolidated statements of income. For the three and six months ended June 30, 2013, we recorded unrealized losses on these investments of $6.2 million and $3.7 million, respectively. For the three and six months ended June 30, 2012, we recorded an unrealized loss of $1.8 million and unrealized gain of $1.8 million respectively. Available-for-Sale Securities We hold investments in equity, debt and real estate securities in a trust for the purpose of funding the decommissioning of Wolf Creek. We have classified these investments as available-for-sale and have recorded all such investments at their fair market value as of June 30, 2013, and December 31, 2012. As of June 30, 2013, the fair value of available-for-sale bond funds was $43.1 million. The NDT did not have investments in debt securities outside of investment funds as of June 30, 2013. Using the specific identification method to determine cost, we realized gains on our available-for-sale securities of $3.2 million and $4.5 million, respectively, during the three and six months ended June 30, 2013. During the three and six months ended June 30, 2012, we realized gains of $0.4 million and $0.6 million, respectively. We record net realized and unrealized gains and losses in regulatory liabilities on our consolidated balance sheets. This reporting is consistent with the method we use to account for the decommissioning costs we recover in our prices. Gains or losses on assets in the trust fund are recorded as increases or decreases to regulatory liabilities and could result in lower or higher funding requirements for decommissioning costs, which we believe would be reflected in the prices paid by our customers. The following table presents the cost, gross unrealized gains and losses, fair value and allocation of investments in the NDT fund as of June 30, 2013, and December 31, 2012.
The following table presents the fair value and the gross unrealized losses of the available-for-sale securities held in the NDT fund aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position as of June 30, 2013, and December 31, 2012.
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Disclosure related to investments in certain debt and equity securities classified as either trading securities or available-for-sale securities. No definition available.
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Debt Financing
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Jun. 30, 2013
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Long-term Debt, Unclassified [Abstract] | |
Debt Financing | DEBT FINANCING In June 2013, KGE redeemed two pollution control bond issues with an aggregate principal amount of $100.0 million and stated interest rates of 5.60% and 6.00%. In March 2013, Westar Energy issued $250.0 million principal amount of first mortgage bonds bearing stated interest of 4.10% and maturing in April 2043. Proceeds were used to repay short-term debt, which had been used primarily to purchase capital equipment, to redeem bonds and for working capital and general corporate purposes. |
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Taxes
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Jun. 30, 2013
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Income Tax Disclosure [Abstract] | |
Taxes | TAXES We recorded income tax expense of $29.3 million with an effective income tax rate of 30% for the three months ended June 30, 2013, and income tax expense of $28.3 million with an effective income tax rate of 31% for the same period of 2012. We recorded income tax expense of $54.1 million with an effective income tax rate of 31% for the six months ended June 30, 2013, and income tax expense of $40.8 million with an effective income tax rate of 30% for the same period of 2012. The decrease in the effective income tax rate for the three months ended June 30, 2013, was due primarily to an increase in non-taxable income from corporate-owned life insurance (COLI). The Internal Revenue Service (IRS) has examined our federal income tax return filed for tax year 2010 and the amended federal income tax returns we filed for tax years 2007, 2008 and 2009. The examination results, which were approved by the Joint Committee on Taxation of the U.S. Congress and accepted by the IRS in April 2013, did not have a significant impact on our consolidated statements of income or cash flows. As of June 30, 2013, and December 31, 2012, our liability for unrecognized income tax benefits was $1.2 million. We do not expect significant changes in this liability in the next 12 months. As of June 30, 2013, and December 31, 2012, we had $0.2 million accrued for interest on our liability related to unrecognized income tax benefits. We accrued no penalties at either June 30, 2013, or December 31, 2012. As of June 30, 2013, and December 31, 2012, we had recorded $1.5 million for probable assessments of taxes other than income taxes. |
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Pension and Post-Retirement Benefit Plans
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Jun. 30, 2013
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Compensation and Retirement Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pension And Post-Retirement Benefit Plans | PENSION AND POST-RETIREMENT BENEFIT PLANS The following tables summarize the net periodic costs for our pension and post-retirement benefit plans prior to the effects of capitalization.
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During the six months ended June 30, 2013 and 2012, we contributed $17.7 million and $49.4 million, respectively, to the Westar Energy pension trust. |
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Wolf Creek Pension and Post-Retirement Benefit Plans
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Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Wolf Creek Pension And Post-Retirement Benefit Plans | WOLF CREEK PENSION AND POST-RETIREMENT BENEFIT PLANS As a co-owner of Wolf Creek, KGE is indirectly responsible for 47% of the liabilities and expenses associated with the Wolf Creek pension and post-retirement benefit plans. The following tables summarize the net periodic costs for KGE's 47% share of the Wolf Creek pension and post-retirement benefit plans prior to the effects of capitalization.
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During the six months ended June 30, 2013 and 2012, we funded $3.7 million and $9.0 million, respectively, of Wolf Creek's pension plan contributions. |
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Includes disclosure of the entity's share of an affiliate's pension and other post-retirement benefits. No definition available.
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Commitments And Contingencies
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6 Months Ended |
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Jun. 30, 2013
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Commitments and Contingencies Disclosure [Abstract] | |
Commitments And Contingencies | COMMITMENTS AND CONTINGENCIES Federal Clean Air Act We must comply with the federal Clean Air Act, state laws and implementing federal and state regulations that impose, among other things, limitations on emissions generated from our operations, including sulfur dioxide (SO2), particulate matter (PM), nitrogen oxides (NOx), carbon monoxide (CO), mercury and acid gases. Emissions from our generating facilities, including PM, SO2 and NOx, have been determined by regulation to reduce visibility by causing or contributing to regional haze. Under federal laws, such as the Clean Air Visibility Rule, and pursuant to an agreement with the Kansas Department of Health and Environment (KDHE) and Environmental Protection Agency (EPA), we are required to install, operate and maintain controls to reduce emissions found to cause or contribute to regional haze. Under the federal Clean Air Act, the EPA sets National Ambient Air Quality Standards (NAAQS) for certain emissions considered harmful to public health and the environment, including two classes of PM, NOx (a precursor to ozone), CO and SO2, which result from fossil fuel combustion. Areas meeting the NAAQS are designated attainment areas while those that do not meet the NAAQS are considered nonattainment areas. Each state must develop a plan to bring nonattainment areas into compliance with the NAAQS. NAAQS must be reviewed by the EPA at five-year intervals. KDHE proposed to designate portions of the Kansas City area nonattainment for the eight-hour ozone standard, which has the potential to impact our operations. The EPA has not acted on KDHE's proposed designation of the Kansas City area and it is uncertain when, or if, such a designation might occur. The Wichita area also exceeded the eight-hour ozone standard and could be designated nonattainment in the future potentially impacting our operations. In December 2012, the EPA strengthened an existing NAAQS for one class of PM. By the end of 2014, the EPA anticipates making final attainment/nonattainment designations under this rule and expects to issue a final implementation rule. We are currently evaluating the rule, however, we cannot at this time predict the impact it may have on our operations or consolidated financial results, but it could be material. In 2010 the EPA strengthened the NAAQS for both NOx and SO2. We continue to communicate with our regulators regarding these standards and are currently evaluating what impact this could have on our operations. If we are required to install additional equipment to control emissions at our facilities, the revised NAAQS could have a material impact on our operations and consolidated financial results. Environmental Projects We will continue to make significant capital and operating expenditures at our power plants to reduce regulated emissions. The amount of these expenditures could change materially depending on the timing and nature of required investments, the specific outcomes resulting from existing regulations, new regulations, legislation and the manner in which we operate the plants. In addition to the capital investment, in the event we install new equipment, such equipment may cause us to incur significant increases in annual operating and maintenance expense and may reduce the net production, reliability and availability of the plants. The degree to which we will need to reduce emissions and the timing of when such emissions controls may be required is uncertain. Additionally, our ability to access capital markets and the availability of materials, equipment and contractors may affect the timing and ultimate amount of such capital investments. In comparison to a general rate review, the environmental cost recovery rider (ECRR) reduces the amount of time it takes to begin collecting in retail prices the costs associated with capital expenditures for qualifying environmental improvements. We are not allowed to use the ECRR to collect cost associated with our approximately $610.0 million share of the projected capital investment associated with the $1.2 billion of environmental upgrades at La Cygne. We therefore must file for a general review of our rates or an abbreviated rate review with the KCC in order to collect these costs. The KCC approved our request to file an abbreviated rate review to collect a portion of these costs. For additional information regarding our abbreviated rate review, see Note 3, "Rate Matters and Regulation." To change our prices to collect increased operating and maintenance costs, we must file a general rate review with the KCC. Air Emissions The operation of power plants results in emissions of mercury, acid gases and other air toxics. In 2012, the EPA's Mercury and Air Toxics Standards (MATS) for power plants became effective, which replaces the prior federal Clean Air Mercury Rule (CAMR) and requires significant reductions in mercury, acid gases and other emissions. Companies impacted by the new standards will have up to three years, or four years with approval from a state environmental regulatory agency, and in certain limited circumstances up to five years, from the effective date to comply. We have obtained approval from our state environmental regulatory agency and expect to be compliant with the new standards by April 2016. We continue to evaluate the new standards and believe that our related investment will be less than $16.0 million. Additionally, in March 2013, the EPA finalized updates to certain emission limits for new power plants under MATS. We are currently evaluating these updates; however, because of environmental upgrades we have made and continue to make at our power plants to comply with regional haze requirements and the EPA consent decree discussed below, we believe the EPA's updates will have an immaterial impact on our future generation plans. In 2011 the EPA finalized the Cross-State Air Pollution Rule (CSAPR) requiring 28 states, including Kansas, Missouri and Oklahoma, to further reduce power plant emissions of SO2 and NOx. Under CSAPR, reductions in annual SO2 and NOx emissions were required to begin January 2012, with further reductions required beginning January 2014. In August 2012, the U.S. Court of Appeals for the District of Columbia Circuit vacated CSAPR and remanded the rule to the EPA to promulgate a replacement. In October 2012, the EPA filed a petition with the circuit court requesting a rehearing before the full court, which was declined in January 2013. The EPA subsequently petitioned the U.S. Supreme Court to review the circuit court's ruling and the petition was granted in June 2013. We cannot at this time predict the outcome of the U.S. Supreme Court's review; however, based on our current and planned environmental controls, if the regulations were to be reinstated or replaced, either in part or in whole, we do not believe the impact on our operations and consolidated financial results would be material. Greenhouse Gases Under regulations known as the Tailoring Rule, the EPA regulates greenhouse gas (GHG) emissions from certain stationary sources. The regulations are being implemented pursuant to two federal Clean Air Act programs which impose recordkeeping and monitoring requirements and also mandate the implementation of best available control technology (BACT) for projects that cause a significant increase in GHG emissions (defined to be more than 75,000 tons or more per year or 100,000 tons or more per year, depending on various factors). The EPA has issued guidance on what BACT entails for the control of GHGs and individual states are now required to determine what controls are required for facilities within their jurisdiction on a case-by-case basis. We cannot at this time determine the impact of these regulations on our future operations and consolidated financial results, but we believe the cost of compliance with the regulations could be material. Renewable Energy Standard Kansas law mandates that we maintain a minimum amount of renewable energy sources. Through 2015 net renewable generation capacity must be 10% of the average peak demand for the three prior years, subject to limited exceptions. This requirement increases to 15% for years 2016 through 2019 and 20% for 2020 and thereafter. With our existing wind generation facilities, supply contracts and renewable energy credits, we are able to satisfy the net renewable generation requirement through 2015 and we are on track to meet the increased requirements beginning in 2016. If we are unable to meet future requirements, our operations and consolidated financial results could be adversely impacted. EPA Consent Decree As part of a 2010 settlement of a lawsuit filed by the Department of Justice on behalf of the EPA, we are installing selective catalytic reduction (SCR) equipment on one of three Jeffrey Energy Center (JEC) coal units by the end of 2014, which we estimate will cost approximately $240.0 million. The settlement also required that we determine whether we needed to install additional SCR equipment on another JEC unit or if we can meet agreed upon plant-wide NOx emissions reduction limits using other controls. We have informed the EPA that we believe we can meet the terms of the settlement by installing less expensive NOx reduction equipment rather than additional SCR equipment. We plan to complete these projects in 2014 and to recover the costs to install the equipment through our ECRR, but such recovery remains subject to the approval of our regulators. |
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Legal Proceedings
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6 Months Ended |
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Jun. 30, 2013
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Legal Proceedings [Abstract] | |
Legal Proceedings | LEGAL PROCEEDINGS We and our subsidiaries are involved in various legal, environmental and regulatory proceedings. We believe that adequate provisions have been made and accordingly believe that the ultimate disposition of such matters will not have a material effect on our consolidated financial results. See Note 3, "Rate Matters and Regulation," and Note 10, "Commitments and Contingencies," for additional information. |
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Open legal proceedings in the normal course of business, including product liability and other litigation and contingencies. No definition available.
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Common Stock
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6 Months Ended |
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Jun. 30, 2013
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Class of Stock [Line Items] | |
Common Stock | COMMON STOCK In addition to forward sale transactions entered into during prior periods, during the six months ended June 30, 2013, Westar Energy entered into transactions with respect to an aggregate of approximately 2.2 million shares of common stock. Westar Energy must settle such transactions within 18 months of the date each transaction was entered. Assuming physical share settlement of the approximately 4.0 million shares associated with all forward sale transactions as of June 30, 2013, Westar Energy would have received aggregate proceeds of approximately $115.8 million based on a forward price of $29.23 per share. In March 2013, Westar Energy entered into a new, three-year sales agency financing agreement and master forward sale agreement. The maximum amount that Westar Energy may offer and sell under the agreements is the lesser of an aggregate of $500.0 million or approximately 25.0 million shares, subject to adjustment for share splits, share combinations and share dividends. Under the terms of the sales agency financing agreement, Westar Energy may offer and sell shares of its common stock from time to time. In addition, under the terms of the sales agency financing agreement and master forward sale agreement, Westar Energy may from time to time enter into one or more forward sale transactions with the bank, as forward purchaser, and the bank will borrow shares of Westar Energy's common stock from third parties and sell them through its agent. The agent receives a commission equal to 1% of the sales price of all shares sold under the agreements. Westar Energy must settle the forward sale transactions within 18 months of the date each transaction is entered. The forward sale transactions are entered into at market prices; therefore, the forward sale agreements have no initial fair value. Westar Energy will not receive any proceeds from the sale of common stock under the forward sale agreements until transactions are settled. Upon settlement, Westar Energy will record the forward sale agreements within equity. Except in specified circumstances or events that would require physical share settlement, Westar Energy is able to elect to settle any forward sale transactions by means of physical share, cash or net share settlement, and is also able to elect to settle the forward sale transactions in whole, or in part, earlier than the stated maturity dates. Currently, Westar Energy anticipates settling the forward sale transactions through physical share settlement. The shares under the forward sale agreements are initially priced when the transactions are entered into and are subject to certain fixed pricing adjustments during the term of the agreements. Accordingly, assuming physical share settlement, Westar Energy's net proceeds from the forward sale transactions will represent the prices established by the forward sale agreements applicable to the time periods in which physical settlement occurs. |
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Variable Interest Entities
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Jun. 30, 2013
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Variable Interest Entities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entities | VARIABLE INTEREST ENTITIES In determining the primary beneficiary of a VIE, we assess the entity's purpose and design, including the nature of the entity's activities and the risks that the entity was designed to create and pass through to its variable interest holders. A reporting enterprise is deemed to be the primary beneficiary of a VIE if it has (a) the power to direct the activities of the VIE that most significantly impact the VIE's economic performance and (b) the obligation to absorb losses or right to receive benefits from the VIE that could potentially be significant to the VIE. The primary beneficiary of a VIE is required to consolidate the VIE. The trusts holding our 8% interest in JEC, our 50% interest in La Cygne unit 2 and railcars we use to transport coal to some of our power plants are VIEs of which we are the primary beneficiary. We assess all entities with which we become involved to determine whether such entities are VIEs and, if so, whether or not we are the primary beneficiary of the entities. We also continuously assess whether we are the primary beneficiary of the VIEs with which we are involved. Prospective changes in facts and circumstances may cause us to reconsider our determination as it relates to the identification of the primary beneficiary. 8% Interest in Jeffrey Energy Center Under an agreement that expires in January 2019, we lease an 8% interest in JEC from a trust. The trust was financed with an equity contribution from an owner participant and debt issued by the trust. The trust was created specifically to purchase the 8% interest in JEC and lease it to a third party, and does not hold any other assets. We meet the requirements to be considered the primary beneficiary of the trust. In determining the primary beneficiary of the trust, we concluded that the activities of the trust that most significantly impact its economic performance and that we have the power to direct include (1) the operation and maintenance of the 8% interest in JEC, (2) our ability to exercise a purchase option at the end of the agreement at the lesser of fair value or a fixed amount and (3) our option to require refinancing of the trust's debt. We have the potential to receive benefits from the trust that could potentially be significant if the fair value of the 8% interest in JEC at the end of the agreement is greater than the fixed amount. The possibility of lower interest rates upon refinancing the debt also creates the potential for us to receive significant benefits. 50% Interest in La Cygne Unit 2 Under an agreement that expires in September 2029, KGE entered into a sale-leaseback transaction with a trust under which the trust purchased KGE's 50% interest in La Cygne unit 2 and subsequently leased it back to KGE. The trust was financed with an equity contribution from an owner participant and debt issued by the trust. The trust was created specifically to purchase the 50% interest in La Cygne unit 2 and lease it back to KGE, and does not hold any other assets. We meet the requirements to be considered the primary beneficiary of the trust. In determining the primary beneficiary of the trust, we concluded that the activities of the trust that most significantly impact its economic performance and that we have the power to direct include (1) the operation and maintenance of the 50% interest in La Cygne unit 2, (2) our ability to exercise a purchase option at the end of the agreement at the lesser of fair value or a fixed amount and (3) our option to require refinancing of the trust's debt. We have the potential to receive benefits from the trust that could potentially be significant if the fair value of the 50% interest in La Cygne unit 2 at the end of the agreement is greater than the fixed amount. The possibility of lower interest rates upon refinancing the debt also creates the potential for us to receive significant benefits. Railcars We leased railcars from an unrelated trust to transport coal to some of our power plants. We consolidated the trust as a VIE until the agreement expired in May 2013. As a result of deconsolidating the trust, property, plant and equipment of VIEs, net, and noncontrolling interests decreased $14.3 million. We also lease railcars from another unrelated trust under an agreement that expires in November 2014. The trust was financed with an equity contribution from an owner participant and debt issued by the trust. The trust was created specifically to purchase the railcars and lease them to us, and does not hold any other assets. We meet the requirements to be considered the primary beneficiary of this trust. In determining the primary beneficiary of the trust, we concluded that the activities of the trust that most significantly impact its economic performance and that we have the power to direct include the operation, maintenance and repair of the railcars and our ability to exercise a purchase option at the end of the agreements at the lesser of fair value or a fixed amount. We have the potential to receive benefits from the trust that could potentially be significant if the fair value of the railcars at the end of the agreements is greater than the fixed amount. Our agreement with this trust also includes renewal options during which time we would pay a fixed amount of rent. We have the potential to receive benefits from the trust during the renewal period if the fixed amount of rent is less than the amount we would be required to pay under a new agreement. Financial Statement Impact We have recorded the following assets and liabilities on our consolidated balance sheets related to the VIEs described above.
_______________ (a) Included in long-term regulatory assets on our consolidated balance sheets. (b) Included in accrued interest on our consolidated balance sheets. All of the liabilities noted in the table above relate to the purchase of the property, plant and equipment. The assets of the VIEs can be used only to settle obligations of the VIEs and the VIEs' debt holders have no recourse to our general credit. We have not provided financial or other support to the VIEs and are not required to provide such support. We recorded no gain or loss upon initial consolidation of the VIEs or upon deconsolidation of the rail car VIE. |
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Summary Of Significant Accounting Policies (Policy)
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Principles Of Consolidation | Principles of Consolidation We prepare our unaudited condensed consolidated financial statements in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements presented in accordance with generally accepted accounting principles (GAAP) have been condensed or omitted. Our condensed consolidated financial statements include all operating divisions, majority owned subsidiaries and variable interest entities (VIEs) of which we maintain a controlling interest or are the primary beneficiary reported as a single reportable segment. Undivided interests in jointly-owned generation facilities are included on a proportionate basis. Intercompany accounts and transactions have been eliminated in consolidation. In our opinion, all adjustments, consisting only of normal recurring adjustments considered necessary for a fair presentation of the consolidated financial statements, have been included. |
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Use Of Management's Estimates | Use of Management's Estimates When we prepare our condensed consolidated financial statements, we are required to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities at the date of our condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. We evaluate our estimates on an on-going basis, including those related to depreciation, unbilled revenue, valuation of investments, forecasted fuel costs included in our retail energy cost adjustment billed to customers, income taxes, pension and post-retirement benefits, our asset retirement obligations including the decommissioning of Wolf Creek, environmental issues, VIEs, contingencies and litigation. Actual results may differ from those estimates under different assumptions or conditions. |
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Restricted Cash | Restricted Cash Pursuant to Westar Energy's Articles of Incorporation, Westar Energy deposited cash in a separate bank account in 2012 to effect the redemption of all of Westar Energy's preferred stock. |
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Fuel Inventory And Supplies | Fuel Inventory and Supplies We state fuel inventory and supplies at average cost. |
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Allowance For Funds Used During Construction | Allowance for Funds Used During Construction Allowance for funds used during construction (AFUDC) represents the allowed cost of capital used to finance utility construction activity. We compute AFUDC by applying a composite rate to qualified construction work in progress. We credit other income (for equity funds) and interest expense (for borrowed funds) for the amount of AFUDC capitalized as construction cost |
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Earnings Per Share | Earnings Per Share We have participating securities in the form of unvested restricted share units (RSUs) with nonforfeitable rights to dividend equivalents that receive dividends on an equal basis with dividends declared on common shares. As a result, we apply the two-class method of computing basic and diluted earnings per share (EPS). Under the two-class method, we reduce net income attributable to common stock by the amount of dividends declared in the current period. We allocate the remaining earnings to common stock and RSUs to the extent that each security may share in earnings as if all of the earnings for the period had been distributed. We determine the total earnings allocated to each security by adding together the amount allocated for dividends and the amount allocated for a participation feature. To compute basic EPS, we divide the earnings allocated to common stock by the weighted average number of common shares outstanding. Diluted EPS includes the effect of potential issuances of common shares resulting from our forward sale agreements and RSUs with forfeitable rights to dividend equivalents. We compute the dilutive effect of potential issuances of common shares using the treasury stock method. |
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Supplemental Cash Flow Information | Supplemental Cash Flow Information
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Summary Of Significant Accounting Policies (Tables)
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Utility Inventory | Following are the balances for fuel inventory and supplies stated separately.
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Allowance For Funds Used During Construction | on the accompanying consolidated statements of income as follows:
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Reconciliation Of Basic And Diluted EPS | The following table reconciles our basic and diluted EPS from net income.
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Supplemental Cash Flow Information |
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Financial and Derivative Instruments and Trading Securities (Tables)
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Financial And Derivative Instruments and Trading Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Carrying Values And Fair Values Of Financial Instruments | The following table provides the carrying values and measured fair values of our fixed-rate debt.
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Fair Value Of Assets And Liabilities | The following table provides the amounts and their corresponding level of hierarchy for our assets that are measured at fair value.
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Reconciliations Of Assets And Liabilities At Fair Value | The following table provides reconciliations of assets and liabilities measured at fair value using significant level 3 inputs for the three and six months ended June 30, 2013.
The following table provides reconciliations of assets and liabilities measured at fair value using significant level 3 inputs for the three and six months ended June 30, 2012.
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Unrealized Gains And Losses On Fair Value Assets And Liabilities | The following tables summarize the unrealized gains and losses we recorded on our consolidated financial statements during the three and six months ended June 30, 2013 and 2012, attributed to level 3 assets and liabilities.
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Investments In Financial Instruments | The following table provides additional information on these investments.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
This item represents the disclosure regarding the investments in certain entities that calculate net asset value per share that enables users to understand the nature and risks of the investments and whether the investments are probable of being sold at amounts different from net asset value per share. Such disclosure may include (1) the fair value of the investments in the major category, and a description of the significant investment strategies of the investee(s) in the major category; (2) for each major category of investment that includes investments that can never be redeemed with the investees, but the reporting entity receives distributions through the liquidation of the underlying assets of the investees, the reporting entity's estimate of the period of time over which the underlying assets are expected to be liquidated by the investees; (3) the amount of the entity's unfunded commitments related to investments in the major category; (4) a general description of the terms and conditions upon which the investor may redeem investments in the major category; (5) the circumstances in which an otherwise redeemable investment in the major category might not be redeemable; (6) for those otherwise redeemable investments that are restricted from redemption as of the reporting entity's measurement date, the entity's best estimate of when the restriction from redemption might lapse; if an estimate cannot be made, the entity shall disclose that fact and how long the restriction has been in effect; (7) any other significant restriction on the ability to sell investments in the major category at the measurement date; (8) total fair value of held for sale investments and any remaining actions required to complete the sale when the reporting entity determines that it is probable that it will sell the investments for an amount different from net asset value per share; and (9) disclosure of an entity's plans to sell and any remaining actions required to complete the sale when the entity intends to sell a group of investments, but the individual investments to be sold have not been identified. No definition available.
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- Details
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X | ||||||||||
- Definition
Schedule of Carrying Value and Fair Values of Financial Instruments. No definition available.
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X | ||||||||||
- Definition
Schedule of unrealized gains and losses recorded for assets and liabilities measured at fair value on a recurring basis using unobservable inputs. No definition available.
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Financial Investments (Tables)
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6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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Investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cost And Fair Value Of Investments | The following table presents the cost, gross unrealized gains and losses, fair value and allocation of investments in the NDT fund as of June 30, 2013, and December 31, 2012.
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Fair Value And Gross Unrealized Losses Of Available-For-Sale Securities | The following table presents the fair value and the gross unrealized losses of the available-for-sale securities held in the NDT fund aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position as of June 30, 2013, and December 31, 2012.
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- Details
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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Pension and Post-Retirement Benefit Plans (Tables)
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6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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Defined Benefit Plan Disclosure [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Net Periodic Benefit Costs [Table Text Block] | The following tables summarize the net periodic costs for our pension and post-retirement benefit plans prior to the effects of capitalization.
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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Wolf Creek Pension and Post-Retirement Benefit Plans (Tables)
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6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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Wolf Creek Pension And Post-Retirement Benefit Plans [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Net Periodic Benefit Costs [Table Text Block] | The following tables summarize the net periodic costs for our pension and post-retirement benefit plans prior to the effects of capitalization.
_______________
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Wolf Creek [Member]
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Wolf Creek Pension And Post-Retirement Benefit Plans [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Net Periodic Benefit Costs [Table Text Block] | The following tables summarize the net periodic costs for KGE's 47% share of the Wolf Creek pension and post-retirement benefit plans prior to the effects of capitalization.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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- Details
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Variable Interest Entities (Tables)
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6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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Variable Interest Entities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets And Liabilities of VIEs | We have recorded the following assets and liabilities on our consolidated balance sheets related to the VIEs described above.
_______________ (a) Included in long-term regulatory assets on our consolidated balance sheets. (b) Included in accrued interest on our consolidated balance sheets. |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Details
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Description Of Business (Details)
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6 Months Ended |
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Jun. 30, 2013
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Number of customers in Kansas | 694,000 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Number Of Customers Getting Electric Generation, Transmission And Distribution Services No definition available.
|
Summary Of Significant Accounting Policies (Fuel Inventory And Supplies) (Details) (USD $)
In Thousands, unless otherwise specified |
Jun. 30, 2013
|
Dec. 31, 2012
|
---|---|---|
Public Utilities, Inventory [Line Items] | ||
Total | $ 239,497 | $ 249,016 |
Fuel Inventory [Member]
|
||
Public Utilities, Inventory [Line Items] | ||
Public Utilitiy Inventory | 88,453 | 94,664 |
Supplies [Member]
|
||
Public Utilities, Inventory [Line Items] | ||
Public Utilitiy Inventory | $ 151,044 | $ 154,352 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Summary Of Significant Accounting Policies (Allowance For Funds Used During Construction) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2012
|
Jun. 30, 2013
|
Jun. 30, 2012
|
|
Accounting Policies [Abstract] | ||||
Borrowed funds | $ 2,583 | $ 2,440 | $ 5,168 | $ 5,959 |
Equity funds | 2,943 | 2,838 | 5,689 | 6,778 |
Total | $ 5,526 | $ 5,278 | $ 10,857 | $ 12,737 |
Average AFUDC rates | 4.30% | 4.90% | 4.30% | 5.40% |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Summary Of Significant Accounting Policies (Reconciliation Of Basic And Diluted EPS) (Details) (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2012
|
Jun. 30, 2013
|
Jun. 30, 2012
|
|
Accounting Policies [Abstract] | ||||
Less: Preferred dividends | $ 0 | $ 1,373 | $ 0 | $ 1,616 |
Net income allocated to RSUs | 196 | 182 | 339 | 265 |
Net income allocated to common stock | $ 66,992 | $ 61,179 | $ 117,994 | $ 88,377 |
Weighted Average Number of Shares Outstanding , Basic | 127,311,411 | 126,637,067 | 127,254,250 | 126,566,071 |
RSUs | 53,570 | 190,422 | 45,567 | 155,340 |
Forward sale agreements | 565,414 | 49,047 | 435,340 | 23,128 |
Weighted average equivalent common shares outstanding - diluted | 127,930,395 | 126,876,536 | 127,735,157 | 126,744,539 |
Earnings Per Share, Basic | $ 0.53 | $ 0.48 | $ 0.93 | $ 0.70 |
Earnings Per Share, Diluted | $ 0.52 | $ 0.48 | $ 0.92 | $ 0.70 |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Antidilutive securities | 0 | 0 | 0 | 0 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Earnings distributed and earnings allocated to common stock under the two-class method. No definition available.
|
X | ||||||||||
- Definition
Additional common shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of equity forward sale agreements using the treasury stock method. No definition available.
|
Summary Of Significant Accounting Policies (Supplemental Cash Flow Information) (Details) (USD $)
In Thousands, unless otherwise specified |
6 Months Ended | |
---|---|---|
Jun. 30, 2013
|
Jun. 30, 2012
|
|
Cash Paid For (Received From) | ||
Interest on financing activities | $ 73,853 | $ 68,939 |
Income taxes, net of refunds | (86) | (4,635) |
Noncash Investing and Financing Transactions | ||
Property, plant and equipment | 56,187 | 37,736 |
Issuance of common stock for reinvested dividends and compensation plans | 6,316 | 4,920 |
Deconsolidation of VIE | (14,282) | 0 |
Assets acquired through capital leases | 326 | 1,543 |
Variable Interest Entity, Primary Beneficiary [Member]
|
||
Cash Paid For (Received From) | ||
Interest on financing activities | 7,349 | 8,281 |
Noncash Investing and Financing Transactions | ||
Property, plant and equipment | $ (14,282) | $ 0 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Rate Matters And Regulation (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
1 Months Ended | ||||
---|---|---|---|---|---|
Apr. 30, 2013
|
Dec. 31, 2013
|
Jun. 30, 2013
|
Mar. 20, 2013
|
Jan. 31, 2013
|
|
Regulatory Proceedings [Line Items] | |||||
Estimated Increase In Annual Retail Revenues For Transmission Costs | $ 11.8 | ||||
Estimated Increase In Annual Retail Revenues For Environmental Costs | 27.3 | ||||
Investment In Environmental Upgrades Jointly Owned Utility Plant | 333.4 | ||||
Proposed Increase In Annual Retail Revenues | 31.7 | ||||
Expected Increase In Annual Transmission Revenues | $ 12.2 |
X | ||||||||||
- Definition
Estimated Increase In Annual Retail Revenues For Environmental Costs No definition available.
|
X | ||||||||||
- Definition
Estimated Increase In Annual Retail Revenues For Transmission Costs No definition available.
|
X | ||||||||||
- Definition
Estimated Increase In Annual Transmission Revenues No definition available.
|
X | ||||||||||
- Definition
Investment In Environmental Upgrades Jointly Owned Utility Plant No definition available.
|
X | ||||||||||
- Definition
Proposed Increase In Annual Retail Revenues No definition available.
|
X | ||||||||||
- Details
|
Financial and Derivative Instruments and Trading Securities (Carrying Values And Fair Values Of Financial Instruments) (Details) (USD $)
In Thousands, unless otherwise specified |
Jun. 30, 2013
|
Dec. 31, 2012
|
---|---|---|
Fixed Rate Debt Member
|
||
Debt Instrument [Line Items] | ||
Carrying Value | $ 2,852,500 | $ 2,702,500 |
Fair Value | 3,094,753 | 3,178,752 |
Fixed Rate Debt Of Variable Interest Entities Member
|
||
Debt Instrument [Line Items] | ||
Carrying Value | 222,149 | 247,624 |
Fair Value | $ 245,022 | $ 275,341 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Financial and Derivative Instruments and Trading Securities (Fair Value Of Assets And Liabilities) (Details) (USD $)
|
6 Months Ended | |
---|---|---|
Jun. 30, 2013
|
Dec. 31, 2012
|
|
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | $ 159,631,000 | $ 150,754,000 |
Trading securities | 32,450,000 | 43,484,000 |
Total assets measured at fair value | 192,081,000 | 194,238,000 |
Funds withdrawn from sale of trading securities | 14,300,000 | |
Level 1 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 8,000 | 38,000 |
Trading securities | 166,000 | 166,000 |
Total assets measured at fair value | 174,000 | 204,000 |
Level 2 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 131,214,000 | 137,952,000 |
Trading securities | 32,284,000 | 43,318,000 |
Total assets measured at fair value | 163,498,000 | 181,270,000 |
Level 3 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 28,409,000 | 12,764,000 |
Trading securities | 0 | 0 |
Total assets measured at fair value | 28,409,000 | 12,764,000 |
Domestic Equity [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 49,585,000 | 61,056,000 |
Trading securities | 16,812,000 | 22,470,000 |
Domestic Equity [Member] | Level 1 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | 0 |
Trading securities | 0 | 0 |
Domestic Equity [Member] | Level 2 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 44,571,000 | 56,157,000 |
Trading securities | 16,812,000 | 22,470,000 |
Domestic Equity [Member] | Level 3 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 5,014,000 | 4,899,000 |
Trading securities | 0 | 0 |
International Equity [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 28,118,000 | 30,041,000 |
Trading securities | 4,175,000 | 5,744,000 |
International Equity [Member] | Level 1 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | 0 |
Trading securities | 0 | 0 |
International Equity [Member] | Level 2 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 28,118,000 | 30,041,000 |
Trading securities | 4,175,000 | 5,744,000 |
International Equity [Member] | Level 3 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | 0 |
Trading securities | 0 | 0 |
Core Bonds [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 16,423,000 | 28,350,000 |
Trading securities | 11,297,000 | 15,104,000 |
Core Bonds [Member] | Level 1 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | 0 |
Trading securities | 0 | 0 |
Core Bonds [Member] | Level 2 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 16,423,000 | 28,350,000 |
Trading securities | 11,297,000 | 15,104,000 |
Core Bonds [Member] | Level 3 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | 0 |
Trading securities | 0 | 0 |
High-Yield Bonds [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 12,171,000 | 8,782,000 |
High-Yield Bonds [Member] | Level 1 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | 0 |
High-Yield Bonds [Member] | Level 2 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 12,171,000 | 8,782,000 |
High-Yield Bonds [Member] | Level 3 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | 0 |
Emerging Market Bonds [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 9,949,000 | 6,428,000 |
Emerging Market Bonds [Member] | Level 1 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | 0 |
Emerging Market Bonds [Member] | Level 2 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 9,949,000 | 6,428,000 |
Emerging Market Bonds [Member] | Level 3 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | 0 |
Other Fixed Income [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 4,605,000 | |
Other Fixed Income [Member] | Level 1 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | |
Other Fixed Income [Member] | Level 2 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 4,605,000 | |
Other Fixed Income [Member] | Level 3 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | |
Combination Debt Equity And Other Fund [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 15,377,000 | |
Combination Debt Equity And Other Fund [Member] | Level 1 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | |
Combination Debt Equity And Other Fund [Member] | Level 2 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 15,377,000 | |
Combination Debt Equity And Other Fund [Member] | Level 3 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | |
Combination Debt and Equity Fund [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 8,194,000 | |
Combination Debt and Equity Fund [Member] | Level 1 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | |
Combination Debt and Equity Fund [Member] | Level 2 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 8,194,000 | |
Combination Debt and Equity Fund [Member] | Level 3 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | |
Alternative Funds [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 15,234,000 | |
Alternative Funds [Member] | Level 1 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | |
Alternative Funds [Member] | Level 2 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | |
Alternative Funds [Member] | Level 3 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 15,234,000 | |
Real Estate Securities [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 8,161,000 | 7,865,000 |
Real Estate Securities [Member] | Level 1 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | 0 |
Real Estate Securities [Member] | Level 2 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | 0 |
Real Estate Securities [Member] | Level 3 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 8,161,000 | 7,865,000 |
Cash Equivalents [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 8,000 | 38,000 |
Trading securities | 166,000 | 166,000 |
Cash Equivalents [Member] | Level 1 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 8,000 | 38,000 |
Trading securities | 166,000 | 166,000 |
Cash Equivalents [Member] | Level 2 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | 0 |
Trading securities | 0 | 0 |
Cash Equivalents [Member] | Level 3 [Member]
|
||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||
Nuclear decommissioning trust assets | 0 | 0 |
Trading securities | $ 0 | $ 0 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Financial and Derivative Instruments and Trading Securities(Reconciliations Of Assets And Liabilities At Fair Value) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2012
|
Jun. 30, 2013
|
Jun. 30, 2012
|
|
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] | ||||
Balance at period start | $ 27,812 | $ 11,371 | $ 12,764 | $ 11,026 |
Regulatory liabilities | 597 | 282 | 727 | 547 |
Purchases | 143 | 651 | 15,275 | 791 |
Sales | (143) | (75) | (357) | (135) |
Balance at period end | 28,409 | 12,229 | 28,409 | 12,229 |
Domestic Equity [Member]
|
||||
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] | ||||
Balance at period start | 4,785 | 4,100 | 4,899 | 3,931 |
Regulatory liabilities | 229 | 104 | 197 | 193 |
Purchases | 72 | 589 | 135 | 669 |
Sales | (72) | (13) | (217) | (13) |
Balance at period end | 5,014 | 4,780 | 5,014 | 4,780 |
Alternative Funds [Member]
|
||||
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] | ||||
Balance at period start | 15,000 | 0 | ||
Regulatory liabilities | 234 | 234 | ||
Purchases | 0 | 15,000 | ||
Sales | 0 | 0 | ||
Balance at period end | 15,234 | 15,234 | ||
Real Estate Securities [Member]
|
||||
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] | ||||
Balance at period start | 8,027 | 7,271 | 7,865 | 7,095 |
Regulatory liabilities | 134 | 178 | 296 | 354 |
Purchases | 71 | 62 | 140 | 122 |
Sales | (71) | (62) | (140) | (122) |
Balance at period end | $ 8,161 | $ 7,449 | $ 8,161 | $ 7,449 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
This element represents total gains or losses for the period (realized and unrealized), arising from assets measured at fair value on a recurring basis using unobservable inputs (Level 3), which are included in regulatory liabilities on the statement of financial position. No definition available.
|
Financial and Derivative Instruments and Trading Securities (Unrealized Gains And Losses On Financial Statements) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2012
|
Jun. 30, 2013
|
Jun. 30, 2012
|
|
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] | ||||
Unrealized gain (loss) included in regulatory liabilities | $ 453 | $ 207 | $ 369 | $ 412 |
Domestic Equity [Member]
|
||||
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] | ||||
Unrealized gain (loss) included in regulatory liabilities | 157 | 91 | (20) | 180 |
Alternative Funds [Member]
|
||||
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] | ||||
Unrealized gain (loss) included in regulatory liabilities | 234 | 234 | ||
Real Estate Securities [Member]
|
||||
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] | ||||
Unrealized gain (loss) included in regulatory liabilities | $ 62 | $ 116 | $ 155 | $ 232 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
This element represents total unrealized gains or losses for the period arising from assets and liabilities measured at fair value on a recurring basis using unobservable inputs (Level 3), which are included in regulatory liabilities on the statement of financial position. No definition available.
|
Financial and Derivative Instruments and Trading Securities (Investments In Financial Instruments) (Details) (USD $)
In Thousands, unless otherwise specified |
6 Months Ended | |||||
---|---|---|---|---|---|---|
Jun. 30, 2013
|
Dec. 31, 2012
|
|||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Nuclear decommissioning trust assets | $ 159,631 | $ 150,754 | ||||
Trading securities | 32,450 | 43,484 | ||||
Total | 192,081 | 194,238 | ||||
Domestic Equity [Member]
|
||||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Nuclear decommissioning trust assets | 49,585 | 61,056 | ||||
Trading securities | 16,812 | 22,470 | ||||
Alternative Funds [Member]
|
||||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Nuclear decommissioning trust assets | 15,234 | |||||
Real Estate Securities [Member]
|
||||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Nuclear decommissioning trust assets | 8,161 | 7,865 | ||||
International Equity [Member]
|
||||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Nuclear decommissioning trust assets | 28,118 | 30,041 | ||||
Trading securities | 4,175 | 5,744 | ||||
Core Bonds [Member]
|
||||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Nuclear decommissioning trust assets | 16,423 | 28,350 | ||||
Trading securities | 11,297 | 15,104 | ||||
Fair Value [Member]
|
||||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Nuclear decommissioning trust assets | 28,409 | 12,764 | ||||
Trading securities | 32,284 | 43,318 | ||||
Total | 60,693 | 56,082 | ||||
Unfunded commitments | 889 | 1,024 | ||||
Fair Value [Member] | Domestic Equity [Member]
|
||||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Nuclear decommissioning trust assets | 5,014 | 4,899 | ||||
Trading securities | 16,812 | 22,470 | ||||
Fair Value [Member] | Alternative Funds [Member]
|
||||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Nuclear decommissioning trust assets | 15,234 | 0 | ||||
Fair Value [Member] | Real Estate Securities [Member]
|
||||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Nuclear decommissioning trust assets | 8,161 | [1] | 7,865 | [1] | ||
Fair Value [Member] | International Equity [Member]
|
||||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Trading securities | 4,175 | 5,744 | ||||
Fair Value [Member] | Core Bonds [Member]
|
||||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Trading securities | 11,297 | 15,104 | ||||
Decommissioning Trust Assets [Member] | Fair Value [Member]
|
||||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Unfunded commitments | 889 | 1,024 | ||||
Decommissioning Trust Assets [Member] | Fair Value [Member] | Domestic Equity [Member]
|
||||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Unfunded commitments | 889 | 1,024 | ||||
Investment redemption frequency | (a) | |||||
Investment redemption length of settlement | (a) | |||||
Decommissioning Trust Assets [Member] | Fair Value [Member] | Alternative Funds [Member]
|
||||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Unfunded commitments | 0 | 0 | ||||
Investment redemption frequency | (b) | |||||
Investment redemption length of settlement | (b) | |||||
Decommissioning Trust Assets [Member] | Fair Value [Member] | Real Estate Securities [Member]
|
||||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Unfunded commitments | 0 | [1] | 0 | [1] | ||
Investment redemption frequency | Quarterly | |||||
Investment redemption length of settlement | 80 days | |||||
Trading Securities [Member] | Fair Value [Member]
|
||||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Unfunded commitments | 0 | 0 | ||||
Trading Securities [Member] | Fair Value [Member] | Domestic Equity [Member]
|
||||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Unfunded commitments | 0 | 0 | ||||
Investment redemption frequency | Upon Notice | |||||
Investment redemption length of settlement | 1 day | |||||
Trading Securities [Member] | Fair Value [Member] | International Equity [Member]
|
||||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Unfunded commitments | 0 | 0 | ||||
Investment redemption frequency | Upon Notice | |||||
Investment redemption length of settlement | 1 day | |||||
Trading Securities [Member] | Fair Value [Member] | Core Bonds [Member]
|
||||||
Financial and Derivative Instruments and Trading Securities [Line Items] | ||||||
Unfunded commitments | $ 0 | $ 0 | ||||
Investment redemption frequency | Upon Notice | |||||
Investment redemption length of settlement | 1 day | |||||
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Financial Investments (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2012
|
Jun. 30, 2013
|
Jun. 30, 2012
|
|
Schedule of Available-for-sale Securities [Line Items] | ||||
Unrealized gains losses | $ (6.2) | $ (1.8) | $ (3.7) | $ 1.8 |
Fair value of available-for-sale bond funds | 43.1 | 43.1 | ||
Realized gains on available-for-sale-securities | $ 3.2 | $ 0.4 | $ 4.5 | $ 0.6 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Financial Investments (Cost And Fair Value Of Investments) (Details) (USD $)
In Thousands, unless otherwise specified |
6 Months Ended | 12 Months Ended |
---|---|---|
Jun. 30, 2013
|
Dec. 31, 2012
|
|
Schedule of Available-for-sale Securities [Line Items] | ||
Cost | $ 147,359 | $ 141,350 |
Available-for-sale Securities, Gross Unrealized Gain | 15,582 | 11,520 |
Available-for-sale Securities, Gross Unrealized Loss | (3,310) | (2,116) |
Available-for-sale Securities | 159,631 | 150,754 |
Allocation | 100.00% | 100.00% |
Domestic Equity [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost | 38,515 | 53,598 |
Available-for-sale Securities, Gross Unrealized Gain | 11,071 | 7,458 |
Available-for-sale Securities, Gross Unrealized Loss | (1) | 0 |
Available-for-sale Securities | 49,585 | 61,056 |
Allocation | 30.00% | 41.00% |
International Equity [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost | 26,301 | 28,248 |
Available-for-sale Securities, Gross Unrealized Gain | 2,299 | 1,793 |
Available-for-sale Securities, Gross Unrealized Loss | (482) | 0 |
Available-for-sale Securities | 28,118 | 30,041 |
Allocation | 18.00% | 20.00% |
Core Bonds [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost | 16,404 | 27,309 |
Available-for-sale Securities, Gross Unrealized Gain | 19 | 1,041 |
Available-for-sale Securities, Gross Unrealized Loss | 0 | 0 |
Available-for-sale Securities | 16,423 | 28,350 |
Allocation | 10.00% | 19.00% |
High-Yield Bonds [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost | 11,554 | 8,022 |
Available-for-sale Securities, Gross Unrealized Gain | 617 | 760 |
Available-for-sale Securities, Gross Unrealized Loss | 0 | 0 |
Available-for-sale Securities | 12,171 | 8,782 |
Allocation | 8.00% | 6.00% |
Emerging Market Bonds [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost | 10,462 | 6,080 |
Available-for-sale Securities, Gross Unrealized Gain | 0 | 348 |
Available-for-sale Securities, Gross Unrealized Loss | (513) | 0 |
Available-for-sale Securities | 9,949 | 6,428 |
Allocation | 6.00% | 4.00% |
Other Fixed Income [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost | 4,616 | |
Available-for-sale Securities, Gross Unrealized Gain | 0 | |
Available-for-sale Securities, Gross Unrealized Loss | (11) | |
Available-for-sale Securities | 4,605 | |
Allocation | 3.00% | |
Combination Debt Equity And Other Fund [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost | 14,377 | |
Available-for-sale Securities, Gross Unrealized Gain | 1,342 | |
Available-for-sale Securities, Gross Unrealized Loss | (342) | |
Available-for-sale Securities | 15,377 | |
Allocation | 10.00% | |
Combination Debt and Equity Fund [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost | 8,074 | |
Available-for-sale Securities, Gross Unrealized Gain | 120 | |
Available-for-sale Securities, Gross Unrealized Loss | 0 | |
Available-for-sale Securities | 8,194 | |
Allocation | 5.00% | |
Alternative Funds [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost | 15,000 | |
Available-for-sale Securities, Gross Unrealized Gain | 234 | |
Available-for-sale Securities, Gross Unrealized Loss | 0 | |
Available-for-sale Securities | 15,234 | |
Allocation | 10.00% | |
Real Estate Securities [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost | 10,122 | 9,981 |
Available-for-sale Securities, Gross Unrealized Gain | 0 | 0 |
Available-for-sale Securities, Gross Unrealized Loss | (1,961) | (2,116) |
Available-for-sale Securities | 8,161 | 7,865 |
Allocation | 5.00% | 5.00% |
Cash Equivalents [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost | 8 | 38 |
Available-for-sale Securities, Gross Unrealized Gain | 0 | 0 |
Available-for-sale Securities, Gross Unrealized Loss | 0 | 0 |
Available-for-sale Securities | $ 8 | $ 38 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Available-for-sale Securities, Security Type Allocation Percentage No definition available.
|
Financial Investments (Fair Value And The Gross Unrealized Losses Of the Available-For-Sale Securities) (Details) (USD $)
In Thousands, unless otherwise specified |
6 Months Ended | 12 Months Ended |
---|---|---|
Jun. 30, 2013
|
Dec. 31, 2012
|
|
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value, Less than 12 Months | $ 27,663 | |
Gross Unrealized Losses, Less than 12 Months | (1,349) | |
Fair Value, 12 Months or Greater | 8,161 | |
Gross Unrealized Losses, 12 Months or Greater | (1,961) | |
Fair Value, Total | 35,824 | |
Gross Unrealized Losses, Total | (3,310) | |
Domestic Equity [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value, Less than 12 Months | 1,543 | |
Gross Unrealized Losses, Less than 12 Months | (1) | |
Fair Value, 12 Months or Greater | 0 | |
Gross Unrealized Losses, 12 Months or Greater | 0 | |
Fair Value, Total | 1,543 | |
Gross Unrealized Losses, Total | (1) | |
International Equity [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value, Less than 12 Months | 5,712 | |
Gross Unrealized Losses, Less than 12 Months | (482) | |
Fair Value, 12 Months or Greater | 0 | |
Gross Unrealized Losses, 12 Months or Greater | 0 | |
Fair Value, Total | 5,712 | |
Gross Unrealized Losses, Total | (482) | |
Emerging Market Bonds [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value, Less than 12 Months | 9,949 | |
Gross Unrealized Losses, Less than 12 Months | (513) | |
Fair Value, 12 Months or Greater | 0 | |
Gross Unrealized Losses, 12 Months or Greater | 0 | |
Fair Value, Total | 9,949 | |
Gross Unrealized Losses, Total | (513) | |
Other Fixed Income [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value, Less than 12 Months | 4,605 | |
Gross Unrealized Losses, Less than 12 Months | (11) | |
Fair Value, 12 Months or Greater | 0 | |
Gross Unrealized Losses, 12 Months or Greater | 0 | |
Fair Value, Total | 4,605 | |
Gross Unrealized Losses, Total | (11) | |
Combination Debt Equity And Other Fund [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value, Less than 12 Months | 5,854 | |
Gross Unrealized Losses, Less than 12 Months | (342) | |
Fair Value, 12 Months or Greater | 0 | |
Gross Unrealized Losses, 12 Months or Greater | 0 | |
Fair Value, Total | 5,854 | |
Gross Unrealized Losses, Total | (342) | |
Real Estate Securities [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value, Less than 12 Months | 0 | 0 |
Gross Unrealized Losses, Less than 12 Months | 0 | 0 |
Fair Value, 12 Months or Greater | 8,161 | 7,865 |
Gross Unrealized Losses, 12 Months or Greater | (1,961) | (2,116) |
Fair Value, Total | 8,161 | 7,865 |
Gross Unrealized Losses, Total | $ (1,961) | $ (2,116) |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Debt Financing (Narrative) (Details) (USD $)
In Thousands, unless otherwise specified |
6 Months Ended | 1 Months Ended | ||||
---|---|---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2012
|
Jun. 30, 2013
KGE [Member]
Pollution Control Bond Series [Member]
Debt Instruments 8780 And 8790 [Member]
|
Jun. 30, 2013
KGE [Member]
Pollution Control Bond Series [Member]
Debt Instrument 8780 [Member]
|
Jun. 30, 2013
KGE [Member]
Pollution Control Bond Series [Member]
Debt Instrument 8790 [Member]
|
Mar. 28, 2013
Westar Energy [Member]
Secured Debt [Member]
Debt Instrument 8860 [Member]
|
|
Debt Instrument [Line Items] | ||||||
Retirements of long-term debt | $ 100,000 | $ 220,563 | $ 100,000 | |||
Principal amount of first mortgage bonds | $ 250,000 | |||||
Stated interest rate on first mortgage bonds | 5.60% | 6.00% | 4.10% |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Taxes Taxes (Narrative) (Details) (USD $)
|
3 Months Ended | 6 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2012
|
Jun. 30, 2013
|
Jun. 30, 2012
|
Dec. 31, 2012
|
|
Income Tax Contingency [Line Items] | |||||
Income tax expense | $ 29,310,000 | $ 28,340,000 | $ 54,123,000 | $ 40,783,000 | |
Effective income tax rate | 30.00% | 31.00% | 31.00% | 30.00% | |
Liability for unrecognized income tax benefits | 1,200,000 | 1,200,000 | 1,200,000 | ||
Interest on liability related to unrecognized income tax benefits | 200,000 | 200,000 | 200,000 | ||
Penalties accrued for unrecognized income tax benefits | 0 | 0 | 0 | ||
Accrual for taxes other than income taxes | $ 1,500,000 | $ 1,500,000 | $ 1,500,000 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Pension and Post-Retirement Benefit Plans (Net Periodic Costs And Pension Contributions) (Details) (USD $)
|
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2012
|
Jun. 30, 2013
|
Jun. 30, 2012
|
|
Components of Net Periodic Cost (Benefit): | ||||
Pension Contributions | $ 17,700,000 | $ 49,400,000 | ||
Pension Benefits [Member]
|
||||
Components of Net Periodic Cost (Benefit): | ||||
Service cost | 5,355,000 | 4,889,000 | 10,710,000 | 9,777,000 |
Interest cost | 9,630,000 | 9,894,000 | 19,260,000 | 19,789,000 |
Expected return on plan assets | (8,351,000) | (8,070,000) | (16,702,000) | (16,142,000) |
Transition obligation, net | 0 | 0 | 0 | 0 |
Prior service costs | 150,000 | 153,000 | 300,000 | 307,000 |
Actuarial loss, net | 8,479,000 | 8,194,000 | 16,957,000 | 16,389,000 |
Net periodic cost before regulatory adjustment | 15,263,000 | 15,060,000 | 30,525,000 | 30,120,000 |
Regulatory adjustment | 783,000 | (2,005,000) | 1,567,000 | (9,250,000) |
Net periodic cost | 16,046,000 | 13,055,000 | 32,092,000 | 20,870,000 |
Post-Retirement Benefits [Member]
|
||||
Components of Net Periodic Cost (Benefit): | ||||
Service cost | 507,000 | 514,000 | 1,014,000 | 1,029,000 |
Interest cost | 1,502,000 | 1,574,000 | 3,004,000 | 3,149,000 |
Expected return on plan assets | (1,672,000) | (1,372,000) | (3,345,000) | (2,746,000) |
Transition obligation, net | 81,000 | 978,000 | 162,000 | 1,956,000 |
Prior service costs | 631,000 | 631,000 | 1,262,000 | 1,262,000 |
Actuarial loss, net | 281,000 | 376,000 | 562,000 | 752,000 |
Net periodic cost before regulatory adjustment | 1,330,000 | 2,701,000 | 2,659,000 | 5,402,000 |
Regulatory adjustment | 717,000 | (278,000) | 1,434,000 | 40,000 |
Net periodic cost | $ 2,047,000 | $ 2,423,000 | $ 4,093,000 | $ 5,442,000 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
The total amount of net periodic benefit cost for defined benefit plans for the period prior to regulatory adjustment. No definition available.
|
X | ||||||||||
- Definition
Defined Benefit Plan Regulatory Adjustment No definition available.
|
Wolf Creek Pension and Post-Retirement Benefit Plans Wolf Creek Pension and Post-Retirement Benefit Plans (Net Periodic Costs and Pension Contributions) (Details) (USD $)
|
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2012
|
Jun. 30, 2013
|
Jun. 30, 2012
|
|
Components of Net Periodic Cost (Benefit): | ||||
Pension Contributions | $ 17,700,000 | $ 49,400,000 | ||
Wolf Creek [Member]
|
||||
Components of Net Periodic Cost (Benefit): | ||||
Pension Contributions | 3,700,000 | 9,000,000 | ||
KGE [Member]
|
||||
Subsidiary Interest in Defined Benefit Plans | 47.00% | |||
Pension Benefits [Member]
|
||||
Components of Net Periodic Cost (Benefit): | ||||
Service cost | 5,355,000 | 4,889,000 | 10,710,000 | 9,777,000 |
Interest cost | 9,630,000 | 9,894,000 | 19,260,000 | 19,789,000 |
Expected return on plan assets | (8,351,000) | (8,070,000) | (16,702,000) | (16,142,000) |
Transition obligation, net | 0 | 0 | 0 | 0 |
Prior service costs | 150,000 | 153,000 | 300,000 | 307,000 |
Actuarial loss, net | 8,479,000 | 8,194,000 | 16,957,000 | 16,389,000 |
Net periodic cost before regulatory adjustment | 15,263,000 | 15,060,000 | 30,525,000 | 30,120,000 |
Regulatory adjustment | 783,000 | (2,005,000) | 1,567,000 | (9,250,000) |
Net periodic cost | 16,046,000 | 13,055,000 | 32,092,000 | 20,870,000 |
Pension Benefits [Member] | Wolf Creek [Member]
|
||||
Components of Net Periodic Cost (Benefit): | ||||
Service cost | 1,708,000 | 1,516,000 | 3,417,000 | 3,031,000 |
Interest cost | 1,891,000 | 1,884,000 | 3,782,000 | 3,769,000 |
Expected return on plan assets | (1,843,000) | (1,644,000) | (3,686,000) | (3,289,000) |
Transition obligation, net | 0 | 0 | 0 | 0 |
Prior service costs | 14,000 | 1,000 | 28,000 | 3,000 |
Actuarial loss, net | 1,355,000 | 1,341,000 | 2,710,000 | 2,683,000 |
Net periodic cost before regulatory adjustment | 3,125,000 | 3,098,000 | 6,251,000 | 6,197,000 |
Regulatory adjustment | (203,000) | (484,000) | (406,000) | (1,514,000) |
Net periodic cost | 2,922,000 | 2,614,000 | 5,845,000 | 4,683,000 |
Post-Retirement Benefits [Member]
|
||||
Components of Net Periodic Cost (Benefit): | ||||
Service cost | 507,000 | 514,000 | 1,014,000 | 1,029,000 |
Interest cost | 1,502,000 | 1,574,000 | 3,004,000 | 3,149,000 |
Expected return on plan assets | (1,672,000) | (1,372,000) | (3,345,000) | (2,746,000) |
Transition obligation, net | 81,000 | 978,000 | 162,000 | 1,956,000 |
Prior service costs | 631,000 | 631,000 | 1,262,000 | 1,262,000 |
Actuarial loss, net | 281,000 | 376,000 | 562,000 | 752,000 |
Net periodic cost before regulatory adjustment | 1,330,000 | 2,701,000 | 2,659,000 | 5,402,000 |
Regulatory adjustment | 717,000 | (278,000) | 1,434,000 | 40,000 |
Net periodic cost | 2,047,000 | 2,423,000 | 4,093,000 | 5,442,000 |
Post-Retirement Benefits [Member] | Wolf Creek [Member]
|
||||
Components of Net Periodic Cost (Benefit): | ||||
Service cost | 52,000 | 48,000 | 104,000 | 96,000 |
Interest cost | 103,000 | 103,000 | 206,000 | 205,000 |
Expected return on plan assets | 0 | 0 | 0 | 0 |
Transition obligation, net | 0 | 14,000 | 0 | 29,000 |
Prior service costs | 0 | 0 | 0 | 0 |
Actuarial loss, net | 66,000 | 58,000 | 132,000 | 117,000 |
Net periodic cost before regulatory adjustment | 221,000 | 223,000 | 442,000 | 447,000 |
Regulatory adjustment | 0 | 0 | 0 | 0 |
Net periodic cost | $ 221,000 | $ 223,000 | $ 442,000 | $ 447,000 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
The total amount of net periodic benefit cost for defined benefit plans for the period prior to regulatory adjustment. No definition available.
|
X | ||||||||||
- Definition
Defined Benefit Plan Regulatory Adjustment No definition available.
|
X | ||||||||||
- Definition
Subsidiary's interest in defined benefit plans. No definition available.
|
Commitments And Contingencies (Details) (USD $)
|
6 Months Ended |
---|---|
Jun. 30, 2013
States
|
|
Environmental Projects [Abstract] | |
Environmental upgrades jointly owned utility plant entity share | $ 610,000,000 |
Environmental upgrades jointly owned utility plant | 1,200,000,000 |
Air Emissions [Abstract] | |
Estimated cost to comply with environmental regulation | 16,000,000 |
Number of states required to comply with regulations | 28 |
EPA Consent Decree [Abstract] | |
Preliminary estimate of the cost of selective catalytic reduction (SCR) equipment | $ 240,000,000 |
2011 Through 2015 Generation Capacity Peak Demand [Member]
|
|
Renewable Energy Standard [Abstract] | |
Renewable energy generation capacity, percentage | 10.00% |
2016 Through 2019 Generation Capacity Peak Demand [Member]
|
|
Renewable Energy Standard [Abstract] | |
Renewable energy generation capacity, percentage | 15.00% |
2020 And Thereafter Generation Capacity Peak Demand [Member]
|
|
Renewable Energy Standard [Abstract] | |
Renewable energy generation capacity, percentage | 20.00% |
Potential GHG Emissions Restrictions 1 [Member]
|
|
Greenhouse Gases [Abstract] | |
GHG emission | 75,000 |
Potential GHG Emissions Restrictions 2 [Member]
|
|
Greenhouse Gases [Abstract] | |
GHG emission | 100,000 |
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The total amount of environmental upgrades at a jointly owned utility plant. No definition available.
|
X | ||||||||||
- Definition
Environmental Upgrades Jointly Owned Utility Plant Entity Share No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Estimated Cost to Comply with Environmental Regulation No definition available.
|
X | ||||||||||
- Definition
The estimated cost to install environmental equipment on a power plant. No definition available.
|
X | ||||||||||
- Definition
GHG Emission No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Number of States Required to Comply with Regulations No definition available.
|
X | ||||||||||
- Definition
Renewable Energy Generation Capacity No definition available.
|
X | ||||||||||
- Details
|
Common Stock Common Stock (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified |
6 Months Ended |
---|---|
Jun. 30, 2013
months
|
|
Forward Contract Indexed To Issuers Equity, Indexed Shares For Period | 2.2 |
Forward Contract Indexed to Issuer's Equity, Settlement Period | 18 |
Forward Contract Indexed to Issuer's Equity, Indexed Shares | 4.0 |
Forward Contract Indexed to Issuer's Equity, Estimated Proceeds | $ 115.8 |
Forward Contract Indexed to Issuer's Equity, Forward Rate Per Share | $ 29.23 |
Forward Sale Agreement, Maximum Amount Authorized | $ 500.0 |
Forward Sale Agreement, Maximum Shares Authorized | 25.0 |
Commissions Paid, Percentage of Sales Price of Shares Sold | 1.00% |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Commissions Paid, Percentage of Sales Price of Shares Sold No definition available.
|
X | ||||||||||
- Definition
Forward Contract Indexed to Issuer's Equity, Estimated Proceeds No definition available.
|
X | ||||||||||
- Definition
Forward Contract Indexed To Issuers Equity,Indexed Shares For Period No definition available.
|
X | ||||||||||
- Definition
Forward Contract Indexed to Issuer's Equity, Settlement Period No definition available.
|
X | ||||||||||
- Definition
Forward Sale Agreement, Maximum Amount Authorized No definition available.
|
X | ||||||||||
- Definition
Forward Sale Agreement, Maximum Shares Authorized No definition available.
|
Variable Interest Entities (Narrative) (Details) (USD $)
|
6 Months Ended | |
---|---|---|
Jun. 30, 2013
|
Jun. 30, 2012
|
|
Variable Interest Entity [Line Items] | ||
Deconsolidation of variable interest entity | $ 14,282,000 | $ 0 |
Gain or loss upon initial consolidation of VIEs | 0 | |
Jeffrey Energy Center [Member]
|
||
Variable Interest Entity [Line Items] | ||
Variable interest entity percentage of asset held | 8.00% | |
Agreement expiration date | Jan. 01, 2019 | |
La Cygne Generating Station [Member]
|
||
Variable Interest Entity [Line Items] | ||
Variable interest entity percentage of asset held | 50.00% | |
Agreement expiration date | Sep. 01, 2029 | |
Railroad Transportation Equipment [Member]
|
||
Variable Interest Entity [Line Items] | ||
Agreement expiration date | May 01, 2013 | |
Gain or loss upon deconsolidation of VIE | 0 | |
Railroad Transportation Equipment 2 [Member]
|
||
Variable Interest Entity [Line Items] | ||
Agreement expiration date | Nov. 01, 2014 | |
Variable Interest Entity, Primary Beneficiary [Member]
|
||
Variable Interest Entity [Line Items] | ||
Decrease in property, plant and equipment of VIE due to deconsolidation of VIE | $ 14,300,000 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The percentage of an asset held by a variable interest entity that is consolidated by the entity. No definition available.
|
Variable Interest Entities (Assets And Liabilities In Relation To VIEs) (Details) (USD $)
In Thousands, unless otherwise specified |
Jun. 30, 2013
|
Dec. 31, 2012
|
||||||
---|---|---|---|---|---|---|---|---|
Variable Interest Entity [Line Items] | ||||||||
Property, plant and equipment, net | $ 7,255,280 | $ 7,013,765 | ||||||
Accrued interest | 49,599 | [1] | 77,891 | [1] | ||||
Long-term debt, net | 2,968,642 | 2,819,271 | ||||||
Variable Interest Entity, Primary Beneficiary [Member]
|
||||||||
Variable Interest Entity [Line Items] | ||||||||
Property, plant and equipment, net | 301,998 | 321,975 | ||||||
Regulatory assets | 6,330 | [2] | 5,810 | [2] | ||||
Current maturities of long-term debt | 27,773 | 25,942 | ||||||
Accrued interest | 3,475 | [1] | 3,948 | [1] | ||||
Long-term debt, net | $ 195,203 | $ 222,743 | ||||||
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|