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Advanced spatio-temporal electric load modeling and accurate spatio-temporal load forecast are essential to both short-term operation and long-term planning of power systems. This paper explores the spatio-temporal dependencies of electric load time series. The Southern California feeder load data show that feeders which are spatially close to each other share a more similar load pattern than those located further apart. This finding motivates us to develop the vector autoregressive model and the extended dynamic spatio-temporal model to emulate the spatio-temporal correlations of the real-world electric load time series. The testing results show that both models effectively capture the spatio-temporal patterns in the real-world electric load time series. Compared to the traditional vector autoregressive model, the proposed extended dynamic spatio-temporal model not only provides more accurate spatio-temporal electric load forecast but also obtains a parsimonious description of the high dimensional dataset.