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SEGMENTS OF BUSINESS (Tables)
6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Schedule of information related to reportable segments
The table below presents information related to our reportable segments:
 
 
Regulated Utilities
 
 
 
 
 
 
(Millions)
 
Electric
Utility
 
Natural Gas Utility
 
Total
Utility
 
Other
 
Reconciling
Eliminations
 
WPS
Consolidated
Three Months Ended June 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
306.4

 
$
61.4

 
$
367.8

 
$

 
$

 
$
367.8

Intersegment revenues
 

 
2.4

 
2.4

 
0.3

 
(2.7
)
 

Depreciation and amortization expense
 
23.8

 
4.0

 
27.8

 
0.2

 
(0.2
)
 
27.8

Miscellaneous income
 
2.1

 

 
2.1

 
3.8

 

 
5.9

Interest expense
 
7.7

 
2.2

 
9.9

 
0.4

 

 
10.3

Provision for income taxes
 
14.5

 
0.3

 
14.8

 
1.0

 

 
15.8

Preferred stock dividend requirements
 
(0.6
)
 
(0.2
)
 
(0.8
)
 

 

 
(0.8
)
Net income attributed to common shareholder
 
23.1

 
0.3

 
23.4

 
2.5

 

 
25.9

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Regulated Utilities
 
 
 
 
 
 
(Millions)
 
Electric
Utility
 
Natural Gas Utility
 
Total
Utility
 
Other
 
Reconciling
Eliminations
 
WPS
Consolidated
Three Months Ended June 30, 2012
 


 
 

 
 

 
 

 
 

 
 

External revenues
 
$
292.5

 
$
45.0

 
$
337.5

 
$

 
$

 
$
337.5

Intersegment revenues
 

 
1.8

 
1.8

 
0.3

 
(2.1
)
 

Depreciation and amortization expense
 
20.2

 
3.8

 
24.0

 
0.2

 
(0.2
)
 
24.0

Miscellaneous income
 
0.5

 

 
0.5

 
4.0

 

 
4.5

Interest expense
 
8.1

 
1.9

 
10.0

 
0.6

 

 
10.6

Provision for income taxes
 
12.1

 

 
12.1

 
0.2

 

 
12.3

Preferred stock dividend requirements
 
(0.6
)
 
(0.2
)
 
(0.8
)
 

 

 
(0.8
)
Net income (loss) attributed to common shareholder
 
19.7

 
(0.7
)
 
19.0

 
3.6

 

 
22.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Regulated Utilities
 
 
 
 
 
 
(Millions)
 
Electric
Utility
 
Natural Gas Utility
 
Total
Utility
 
Other
 
Reconciling
Eliminations
 
WPS
Consolidated
Six Months Ended June 30, 2013
 
 

 
 

 
 

 
 

 
 

 
 

External revenues
 
$
614.3

 
$
186.9

 
$
801.2

 
$

 
$

 
$
801.2

Intersegment revenues
 

 
4.2

 
4.2

 
0.6

 
(4.8
)
 

Depreciation and amortization expense
 
43.3

 
7.9

 
51.2

 
0.3

 
(0.3
)
 
51.2

Miscellaneous income
 
3.7

 
0.1

 
3.8

 
7.1

 

 
10.9

Interest expense
 
15.9

 
4.3

 
20.2

 
1.0

 

 
21.2

Provision for income taxes
 
29.1

 
10.9

 
40.0

 
1.9

 

 
41.9

Preferred stock dividend requirements
 
(1.3
)
 
(0.3
)
 
(1.6
)
 

 

 
(1.6
)
Net income attributed to common shareholder
 
48.8

 
17.4

 
66.2

 
4.3

 

 
70.5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Regulated Utilities
 
 
 
 
 
 
(Millions)
 
Electric
Utility
 
Natural Gas Utility
 
Total
Utility
 
Other
 
Reconciling
Eliminations
 
WPS
Consolidated
Six Months Ended June 30, 2012
 
 
 
 

 
 

 
 

 
 

 
 

External revenues
 
$
579.5

 
$
162.2

 
$
741.7

 
$

 
$

 
$
741.7

Intersegment revenues
 

 
3.1

 
3.1

 
0.7

 
(3.8
)
 

Depreciation and amortization expense
 
40.2

 
7.6

 
47.8

 
0.4

 
(0.3
)
 
47.9

Miscellaneous income
 
0.6

 

 
0.6

 
7.0

 

 
7.6

Interest expense
 
16.4

 
3.9

 
20.3

 
1.1

 

 
21.4

Provision for income taxes
 
21.5

 
10.7

 
32.2

 
1.5

 

 
33.7

Preferred stock dividend requirements
 
(1.3
)
 
(0.3
)
 
(1.6
)
 

 

 
(1.6
)
Net income attributed to common shareholder
 
42.6

 
17.3

 
59.9

 
4.8

 

 
64.7