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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
OPERATING REVENUES $ 716.8 $ 743.9 $ 1,759.2 $ 1,728.4
COST OF SALES 255.7 269.8 696.5 645.4
OPERATING EXPENSES        
Other operation and maintenance 117.7 113.1 356.5 354.6
Depreciation and amortization 76.9 82.2 207.2 240.8
Taxes other than income 23.2 21.5 68.4 66.5
Total operating expenses 217.8 216.8 632.1 661.9
OPERATING INCOME 243.3 257.3 430.6 421.1
OTHER INCOME (EXPENSE)        
Equity in earnings of unconsolidated affiliates 33.6 34.5 98.6 79.5
Allowance for equity funds used during construction 11.8 3.9 27.2 9.2
Other income 15.0 5.7 34.1 18.9
Other expense (2.0) (3.3) (9.3) (10.8)
Net other income 58.4 40.8 150.6 96.8
INTEREST EXPENSE        
Interest on long-term debt 38.7 35.8 113.8 107.3
Allowance for borrowed funds used during construction (5.2) (2.0) (12.6) (4.7)
Interest on short-term debt and other interest charges 2.4 1.6 6.8 5.1
Interest expense 35.9 35.4 108.0 107.7
INCOME BEFORE TAXES 265.8 262.7 473.2 410.2
INCOME TAX EXPENSE 82.4 79.1 149.0 129.9
NET INCOME $ 183.4 $ 183.6 $ 324.2 $ 280.3
BASIC AVERAGE COMMON SHARES OUTSTANDING 199.7 199.7 199.7 199.7
DILUTED AVERAGE COMMON SHARES OUTSTANDING 200.1 199.9 200.0 199.8
BASIC EARNINGS PER AVERAGE COMMON SHARE $ 0.92 $ 0.92 $ 1.62 $ 1.40
DILUTED EARNINGS PER AVERAGE COMMON SHARE 0.92 0.92 1.62 1.40
DIVIDENDS DECLARED PER COMMON SHARE $ 0.33250 $ 0.30250 $ 0.93750 $ 0.85250