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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues from contracts with customers $ 501.1 $ 547.7 $ 978.5 $ 1,025.6
Other revenues 12.6 19.3 25.2 34.1
Operating revenues 513.7 567.0 1,003.7 1,059.7
COST OF SALES 178.7 208.7 391.3 419.2
OPERATING EXPENSES        
Other operation and maintenance 119.8 117.2 238.8 229.9
Depreciation and amortization 84.3 80.9 166.7 159.7
Taxes other than income 20.9 22.5 47.2 46.6
Operating expenses 225.0 220.6 452.7 436.2
OPERATING INCOME 110.0 137.7 159.7 204.3
OTHER INCOME (EXPENSE)        
Equity in earnings of unconsolidated affiliates 35.8 29.3 66.5 63.2
Allowance for equity funds used during construction 1.2 6.3 2.7 13.3
Other net periodic benefit expense (0.3) (5.2) (7.3) (10.0)
Other income 5.0 4.7 11.7 10.1
Other expense (4.4) (3.3) (10.1) (7.7)
Net other income 37.3 31.8 63.5 68.9
INTEREST EXPENSE        
Interest on long-term debt 31.8 39.7 64.4 79.3
Allowance for borrowed funds used during construction (0.6) (2.8) (1.6) (6.5)
Interest on short-term debt and other interest charges 4.7 4.0 7.7 6.7
Interest expense 35.9 40.9 70.5 79.5
INCOME BEFORE TAXES 111.4 128.6 152.7 193.7
INCOME TAX EXPENSE 11.2 17.9 5.4 28.0
NET INCOME $ 100.2 $ 110.7 $ 147.3 $ 165.7
BASIC AVERAGE COMMON SHARES OUTSTANDING 200.2 199.7 200.1 199.7
DILUTED AVERAGE COMMON SHARES OUTSTANDING 200.6 200.5 200.5 200.3
BASIC EARNINGS PER AVERAGE COMMON SHARE $ 0.50 $ 0.55 $ 0.74 $ 0.83
DILUTED EARNINGS PER AVERAGE COMMON SHARE $ 0.50 $ 0.55 $ 0.73 $ 0.83