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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues from contracts with customers $ 477.4 $ 477.9
Other revenues 12.6 14.8
Operating revenues 490.0 492.7
COST OF SALES 212.6 210.5
OPERATING EXPENSES    
Other operation and maintenance 119.0 112.7
Depreciation and amortization 82.4 78.8
Taxes other than income 26.3 24.1
Operating expenses 227.7 215.6
OPERATING INCOME 49.7 66.6
OTHER INCOME (EXPENSE)    
Equity in earnings of unconsolidated affiliates 30.7 33.9
Allowance for equity funds used during construction 1.5 7.0
Other net periodic benefit expense (7.0) (4.8)
Other income 6.7 5.4
Other expense (5.7) (4.4)
Net other income 26.2 37.1
INTEREST EXPENSE    
Interest on long-term debt 32.6 39.6
Allowance for borrowed funds used during construction (1.0) (3.7)
Interest on short-term debt and other interest charges 3.0 2.7
Interest expense 34.6 38.6
INCOME BEFORE TAXES 41.3 65.1
INCOME TAX (BENEFIT) EXPENSE (5.8) 10.1
NET INCOME $ 47.1 $ 55.0
BASIC AVERAGE COMMON SHARES OUTSTANDING 199.9 199.7
DILUTED AVERAGE COMMON SHARES OUTSTANDING 200.5 200.2
BASIC EARNINGS PER AVERAGE COMMON SHARE $ 0.24 $ 0.28
DILUTED EARNINGS PER AVERAGE COMMON SHARE $ 0.24 $ 0.27