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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 4.7 $ 7.2
Accounts receivable and unbilled revenues, net of reserves of $71.3 and $59.3, respectively 565.9 466.1
Accounts receivable from related parties 50.0 67.9
Materials, supplies, and inventories 209.1 219.5
Prepaid taxes 92.0 98.5
Other 46.1 36.4
Current assets 967.8 895.6
Long-term assets    
Property, plant, and equipment, net of accumulated depreciation and amortization of $4,989.1 and $4,849.2, respectively 9,885.0 9,789.9
Regulatory assets (June 30, 2021 includes $106.0 related to WEPCo Environmental Trust) 2,790.6 2,803.3
Other 139.5 116.4
Long-term assets 12,815.1 12,709.6
Total assets 13,782.9 13,605.2
Current liabilities    
Short-term debt 202.0 292.0
Current portion of long-term debt (June 30, 2021 includes $4.1 related to WEPCo Environmental Trust) 4.1 300.0
Current portion of finance lease obligations 71.0 66.8
Accounts payable 306.6 261.2
Accounts payable to related parties 163.8 172.0
Accrued payroll and benefits 45.9 43.3
Accrued taxes 30.6 25.0
Other 115.8 97.1
Current liabilities 939.8 1,257.4
Long-term liabilities    
Long-term debt (June 30, 2021 includes $111.1 related to WEPCo Environmental Trust) 2,871.0 2,461.2
Finance lease obligations 2,747.0 2,774.4
Deferred income taxes 1,376.8 1,357.2
Regulatory liabilities 1,700.8 1,703.7
Pension and OPEB obligations 70.9 85.9
Other 267.6 272.8
Long-term liabilities 9,034.1 8,655.2
Commitments and contingencies (Note 17)
Common shareholder's equity    
Common stock – $10 par value; 65,000,000 shares authorized; 33,289,327 shares outstanding 332.9 332.9
Additional paid in capital 1,090.7 1,060.1
Retained earnings 2,355.0 2,269.2
Common shareholder's equity 3,778.6 3,662.2
Preferred stock 30.4 30.4
Total liabilities and equity $ 13,782.9 $ 13,605.2