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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
OPERATING REVENUES $ 551.4 $ 549.9 $ 984.5 $ 1,030.0
COST OF SALES 197.7 210.9 375.6 422.5
OPERATING EXPENSES        
Other operation and maintenance 127.6 113.2 241.5 224.9
Depreciation and amortization 80.1 76.2 158.6 152.1
Taxes other than income 20.1 22.4 45.0 46.9
Total operating expenses 227.8 211.8 445.1 423.9
OPERATING INCOME 125.9 127.2 163.8 183.6
OTHER INCOME (EXPENSE)        
Equity in earnings of unconsolidated affiliates 16.7 28.2 45.0 59.9
Allowance for equity funds used during construction 3.7 1.7 5.3 3.2
Other income 7.6 5.6 13.2 10.5
Other expense (5.8) (2.2) (7.5) (3.2)
Net other income 22.2 33.3 56.0 70.4
INTEREST EXPENSE        
Interest on long-term debt 35.7 37.0 71.5 73.9
Allowance for borrowed funds used during construction (1.8) (0.8) (2.7) (1.6)
Interest on short-term debt and other interest charges 2.1 1.8 3.5 3.1
Interest expense 36.0 38.0 72.3 75.4
INCOME BEFORE TAXES 112.1 122.5 147.5 178.6
INCOME TAX EXPENSE 40.6 35.0 50.8 47.9
NET INCOME $ 71.5 $ 87.5 $ 96.7 $ 130.7
BASIC AVERAGE COMMON SHARES OUTSTANDING 199.7 199.6 199.7 199.6
DILUTED AVERAGE COMMON SHARES OUTSTANDING 199.8 199.6 199.8 199.6
BASIC EARNINGS PER AVERAGE COMMON SHARE $ 0.35 $ 0.44 $ 0.48 $ 0.66
DILUTED EARNINGS PER AVERAGE COMMON SHARE 0.35 0.44 0.48 0.66
DIVIDENDS DECLARED PER COMMON SHARE $ 0.27500 $ 0.25000 $ 0.55000 $ 0.50000