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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
OPERATING REVENUES $ 549.9 $ 611.8 $ 1,030.0 $ 1,172.2
COST OF SALES 210.9 270.9 422.5 564.3
OPERATING EXPENSES        
Other operation and maintenance 113.2 111.4 224.9 223.8
Depreciation and amortization 76.2 68.3 152.1 135.5
Taxes other than income 22.4 19.4 46.9 45.0
Total operating expenses 211.8 199.1 423.9 404.3
OPERATING INCOME 127.2 141.8 183.6 203.6
OTHER INCOME (EXPENSE)        
Equity in earnings of unconsolidated affiliates 28.2 39.3 59.9 87.2
Allowance for equity funds used during construction 1.7 0.8 3.2 1.9
Other income 5.6 3.1 10.5 4.5
Other expense (2.2) (2.1) (3.2) (5.4)
Net other income 33.3 41.1 70.4 88.2
INTEREST EXPENSE        
Interest on long-term debt 37.0 37.8 73.9 72.9
Allowance for borrowed funds used during construction (0.8) (0.5) (1.6) (1.1)
Interest on short-term debt and other interest charges 1.8 2.1 3.1 3.5
Interest expense 38.0 39.4 75.4 75.3
INCOME BEFORE TAXES 122.5 143.5 178.6 216.5
INCOME TAX EXPENSE 35.0 42.7 47.9 66.4
NET INCOME $ 87.5 $ 100.8 $ 130.7 $ 150.1
BASIC AVERAGE COMMON SHARES OUTSTANDING 199.6 199.2 199.6 199.0
DILUTED AVERAGE COMMON SHARES OUTSTANDING 199.6 200.0 199.6 199.8
BASIC EARNINGS PER AVERAGE COMMON SHARE $ 0.44 $ 0.51 $ 0.66 $ 0.75
DILUTED EARNINGS PER AVERAGE COMMON SHARE 0.44 0.50 0.66 0.75
DIVIDENDS DECLARED PER COMMON SHARE $ 0.25000 $ 0.22500 $ 0.50000 $ 0.45000