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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
OPERATING REVENUES $ 743.9 $ 719.8 $ 1,728.4 $ 1,749.8
COST OF SALES 269.8 259.8 645.4 682.3
OPERATING EXPENSES        
Other operation and maintenance 113.1 109.4 354.6 334.3
Depreciation and amortization 82.2 77.9 240.8 230.0
Taxes other than income 21.5 21.9 66.5 68.8
Total operating expenses 216.8 209.2 661.9 633.1
OPERATING INCOME 257.3 250.8 421.1 434.4
OTHER INCOME (EXPENSE)        
Equity in earnings of unconsolidated affiliates 34.5 (71.9) 79.5 (12.0)
Allowance for equity funds used during construction 3.9 2.2 9.2 5.4
Other income 5.7 8.9 18.9 19.4
Other expense (3.3) (5.3) (10.8) (8.5)
Net other income (expense) 40.8 (66.1) 96.8 4.3
INTEREST EXPENSE        
Interest on long-term debt 35.8 37.0 107.3 110.9
Allowance for borrowed funds used during construction (2.0) (1.1) (4.7) (2.7)
Interest on short-term debt and other interest charges 1.6 1.1 5.1 4.2
Interest expense 35.4 37.0 107.7 112.4
INCOME BEFORE TAXES 262.7 147.7 410.2 326.3
INCOME TAX EXPENSE 79.1 36.5 129.9 84.4
NET INCOME $ 183.6 $ 111.2 $ 280.3 $ 241.9
BASIC AVERAGE COMMON SHARES OUTSTANDING 199.7 199.7 199.7 199.6
DILUTED AVERAGE COMMON SHARES OUTSTANDING 199.9 199.7 199.8 199.6
BASIC EARNINGS PER AVERAGE COMMON SHARE $ 0.92 $ 0.55 $ 1.40 $ 1.21
DILUTED EARNINGS PER AVERAGE COMMON SHARE 0.92 0.55 1.40 1.21
DIVIDENDS DECLARED PER COMMON SHARE $ 0.30250 $ 0.27500 $ 0.85250 $ 0.77500