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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 5.5 $ 7.2
Accounts receivable and unbilled revenues, net of reserves of $47.1 and $59.3, respectively 576.1 466.1
Accounts receivable from related parties 60.6 67.9
Materials, supplies, and inventories 226.1 219.5
Prepaid taxes 68.9 98.5
Derivative assets 85.5 6.2
Other 19.9 30.2
Current assets 1,042.6 895.6
Long-term assets    
Property, plant, and equipment, net of accumulated depreciation and amortization of $5,066.2 and $4,849.2, respectively 9,974.4 9,789.9
Regulatory assets (September 30, 2021 includes $102.9 related to WEPCo Environmental Trust) 2,809.1 2,803.3
Other 143.4 116.4
Long-term assets 12,926.9 12,709.6
Total assets 13,969.5 13,605.2
Current liabilities    
Short-term debt 22.5 292.0
Current portion of long-term debt (September 30, 2021 includes $8.5 related to WEPCo Environmental Trust) 8.5 300.0
Current portion of finance lease obligations 71.2 66.8
Accounts payable 324.9 261.2
Accounts payable to related parties 160.9 172.0
Accrued payroll and benefits 43.7 43.3
Accrued taxes 56.2 25.0
Other 155.0 97.1
Current liabilities 842.9 1,257.4
Long-term liabilities    
Long-term debt (September 30, 2021 includes $107.0 related to WEPCo Environmental Trust) 2,867.1 2,461.2
Finance lease obligations 2,733.6 2,774.4
Deferred income taxes 1,382.0 1,357.2
Regulatory liabilities 1,777.4 1,703.7
Pension and OPEB obligations 63.8 85.9
Other 284.1 272.8
Long-term liabilities 9,108.0 8,655.2
Commitments and contingencies (Note 18)
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 1,290.8 1,060.1
Retained earnings 2,364.5 2,269.2
Common shareholder's equity 3,988.2 3,662.2
Preferred stock 30.4 30.4
Total liabilities and equity $ 13,969.5 $ 13,605.2