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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING REVENUES    
OPERATING REVENUES $ 433.1 $ 480.1
COST OF SALES    
COST OF SALES 177.9 211.6
OPERATING EXPENSES    
Other operation and maintenance 113.9 111.7
Depreciation and amortization 78.5 75.9
Taxes other than income 24.9 24.5
Total operating expenses 217.3 212.1
OPERATING INCOME 37.9 56.4
OTHER INCOME (EXPENSE)    
Equity in earnings of unconsolidated affiliates 28.3 31.7
Allowance for equity funds used during construction 1.6 1.5
Other income 5.6 4.9
Other expense (1.7) (1.0)
Net other income 33.8 37.1
INTEREST EXPENSE    
Interest on long-term debt 35.8 36.9
Allowance for borrowed funds used during construction (0.9) (0.8)
Interest on short-term debt and other interest charges 1.4 1.3
Interest expense 36.3 37.4
INCOME BEFORE TAXES 35.4 56.1
INCOME TAX EXPENSE 10.2 12.9
NET INCOME $ 25.2 $ 43.2
BASIC AVERAGE COMMON SHARES OUTSTANDING 199.7 199.5
DILUTED AVERAGE COMMON SHARES OUTSTANDING 199.7 199.5
BASIC EARNINGS PER AVERAGE COMMON SHARE $ 0.13 $ 0.22
DILUTED EARNINGS PER AVERAGE COMMON SHARE 0.13 0.22
DIVIDENDS DECLARED PER COMMON SHARE $ 0.27500 $ 0.25000