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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
OPERATING REVENUES $ 586.4 $ 551.4 $ 1,042.4 $ 984.5
COST OF SALES 232.1 197.7 440.8 375.6
OPERATING EXPENSES        
Other operation and maintenance 114.8 127.6 238.8 241.5
Depreciation and amortization 74.7 80.1 130.3 158.6
Taxes other than income 21.3 20.1 45.2 45.0
Total operating expenses 210.8 227.8 414.3 445.1
OPERATING INCOME 143.5 125.9 187.3 163.8
OTHER INCOME (EXPENSE)        
Equity in earnings of unconsolidated affiliates 29.4 16.7 65.0 45.0
Allowance for equity funds used during construction 8.5 3.7 15.4 5.3
Other income 10.3 7.6 19.1 13.2
Other expense (3.2) (5.8) (7.3) (7.5)
Net other income 45.0 22.2 92.2 56.0
INTEREST EXPENSE        
Interest on long-term debt 39.2 35.7 75.1 71.5
Allowance for borrowed funds used during construction (4.1) (1.8) (7.4) (2.7)
Interest on short-term debt and other interest charges 2.0 2.1 4.4 3.5
Interest expense 37.1 36.0 72.1 72.3
INCOME BEFORE TAXES 151.4 112.1 207.4 147.5
INCOME TAX EXPENSE 46.6 40.6 66.6 50.8
NET INCOME $ 104.8 $ 71.5 $ 140.8 $ 96.7
BASIC AVERAGE COMMON SHARES OUTSTANDING 199.7 199.7 199.7 199.7
DILUTED AVERAGE COMMON SHARES OUTSTANDING 199.9 199.8 200.0 199.8
BASIC EARNINGS PER AVERAGE COMMON SHARE $ 0.52 $ 0.35 $ 0.70 $ 0.48
DILUTED EARNINGS PER AVERAGE COMMON SHARE 0.52 0.35 0.70 0.48
DIVIDENDS DECLARED PER COMMON SHARE $ 0.30250 $ 0.27500 $ 0.60500 $ 0.55000