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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 433.6 $ 425.5 $ 619.0
Adjustments to reconcile net income to net cash provided from operating activities:      
Depreciation and amortization 355.0 321.6 283.5
Deferred income taxes and investment tax credits, net 27.6 78.5 (50.0)
Equity in earnings of unconsolidated affiliates (113.9) (152.8) (131.2)
Distributions from unconsolidated affiliates 125.5 141.2 131.2
Allowance for equity funds used during construction (4.5) (23.8) (39.7)
Stock-based compensation expense 13.9 13.4 9.1
Regulatory assets 47.1 10.8 (3.7)
Regulatory liabilities (45.6) (16.5) (3.7)
Other assets (3.8) 6.2 (0.7)
Other liabilities 19.2 1.0 (65.5)
Change in certain current assets and liabilities:      
Accounts receivable and accrued unbilled revenues, net 18.8 19.8 (21.8)
Income taxes receivable (1.0) (4.1) 13.6
Fuel, materials and supplies inventories 4.2 27.3 (3.6)
Fuel recoveries (33.0) (3.4) 53.0
Other current assets 5.1 25.1 27.2
Accounts payable (34.5) 29.7 27.1
Other current liabilities (38.0) 73.2 (66.7)
Net cash provided from operating activities 681.5 951.1 784.5
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (less allowance for equity funds used during construction) (635.5) (573.6) (824.1)
Investment in unconsolidated affiliates (7.7) (2.5) (8.5)
Return of capital - unconsolidated affiliates 18.5 0.0 10.0
Proceeds from sale of assets 0.0 0.1 0.7
Net cash used in investing activities (624.7) (576.0) (821.9)
CASH FLOWS FROM FINANCING ACTIVITIES      
Increase (decrease) in short-term debt 112.0 (168.4) (67.8)
Proceeds from long-term debt 296.5 396.0 592.1
Payment of long-term debt (250.1) (250.1) (225.1)
Dividends paid on common stock (299.2) (272.2) (247.6)
Cash paid for employee equity-based compensation and expense of common stock (10.3) (0.5) (0.1)
Net cash provided from (used in) financing activities (151.1) (295.2) 51.5
NET CHANGE IN CASH AND CASH EQUIVALENTS (94.3) 79.9 14.1
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 94.3 14.4 0.3
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 0.0 $ 94.3 $ 14.4