XML 11 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING REVENUES $ 456.0 $ 433.1
COST OF SALES 208.7 177.9
OPERATING EXPENSES    
Other operation and maintenance 124.0 113.9
Depreciation and amortization 55.6 78.5
Taxes other than income 23.9 24.9
Total operating expenses 203.5 217.3
OPERATING INCOME 43.8 37.9
OTHER INCOME (EXPENSE)    
Equity in earnings of unconsolidated affiliates 35.6 28.3
Allowance for equity funds used during construction 6.9 1.6
Other income 8.8 5.6
Other expense (4.1) (1.7)
Net other income (expense) 47.2 33.8
INTEREST EXPENSE    
Interest on long-term debt 35.9 35.8
Allowance for borrowed funds used during construction (3.3) (0.9)
Interest on short-term debt and other interest charges 2.4 1.4
Interest expense 35.0 36.3
INCOME BEFORE TAXES 56.0 35.4
INCOME TAX EXPENSE 20.0 10.2
NET INCOME $ 36.0 $ 25.2
BASIC AVERAGE COMMON SHARES OUTSTANDING 199.7 199.7
DILUTED AVERAGE COMMON SHARES OUTSTANDING 200.0 199.7
BASIC EARNINGS PER AVERAGE COMMON SHARE $ 0.18 $ 0.13
DILUTED EARNINGS PER AVERAGE COMMON SHARE 0.18 0.13
DIVIDENDS DECLARED PER COMMON SHARE $ 0.30250 $ 0.27500