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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues from contracts with customers $ 739.2 $ 684.5 $ 1,717.7 $ 1,710.1
Other revenues 16.2 14.3 41.4 48.4
Operating revenues 755.4 698.8 1,759.1 1,758.5
COST OF SALES 234.0 244.4 625.3 663.6
OPERATING EXPENSES        
Other operation and maintenance 129.8 123.3 368.6 353.2
Depreciation and amortization 94.1 81.1 260.8 240.8
Taxes other than income 23.2 22.7 70.4 69.3
Operating expenses 247.1 227.1 699.8 663.3
OPERATING INCOME 274.3 227.3 434.0 431.6
OTHER INCOME (EXPENSE)        
Equity in earnings of unconsolidated affiliates 38.3 40.1 104.8 103.3
Allowance for equity funds used during construction 1.0 6.7 3.7 20.0
Other net periodic benefit expense (1.4) (0.7) (8.7) (10.7)
Other income 4.6 4.1 16.3 14.2
Other expense (5.5) (3.4) (15.6) (11.1)
Net other income 37.0 46.8 100.5 115.7
INTEREST EXPENSE        
Interest on long-term debt 37.5 40.2 101.9 119.5
Allowance for borrowed funds used during construction (0.6) (3.3) (2.2) (9.8)
Interest on short-term debt and other interest charges 2.7 1.8 10.4 8.5
Interest expense 39.6 38.7 110.1 118.2
INCOME BEFORE TAXES 271.7 235.4 424.4 429.1
INCOME TAX EXPENSE 20.8 30.3 26.2 58.3
NET INCOME $ 250.9 $ 205.1 $ 398.2 $ 370.8
BASIC AVERAGE COMMON SHARES OUTSTANDING 200.2 199.7 200.1 199.7
DILUTED AVERAGE COMMON SHARES OUTSTANDING 200.8 200.6 200.6 200.4
BASIC EARNINGS PER AVERAGE COMMON SHARE $ 1.25 $ 1.03 $ 1.99 $ 1.86
DILUTED EARNINGS PER AVERAGE COMMON SHARE $ 1.25 $ 1.02 $ 1.98 $ 1.85