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SEGMENTS OF BUSINESS (Tables)
9 Months Ended
Sep. 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 September 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
331.7

 
$
40.2

 
$
371.9

 
$

 
$

 
$
371.9

Intersegment revenues
 

 
4.1

 
4.1

 
0.5

 
(4.6
)
 

Depreciation and amortization expense
 
23.6

 
3.9

 
27.5

 
0.2

 
(0.1
)
 
27.6

Miscellaneous income
 
2.8

 

 
2.8

 
3.2

 

 
6.0

Interest expense
 
7.9

 
2.1

 
10.0

 
0.7

 

 
10.7

Provision (benefit) for income taxes
 
23.8

 
(2.0
)
 
21.8

 
1.0

 

 
22.8

Preferred stock dividend requirements
 
(0.6
)
 
(0.1
)
 
(0.7
)
 

 

 
(0.7
)
Net income (loss) attributed to common shareholder
 
38.3

 
(3.0
)
 
35.3

 
1.7

 

 
37.0

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

 
 

 
 

 
 

 
 

External revenues
 
$
343.1

 
$
35.0

 
$
378.1

 
$

 
$

 
$
378.1

Intersegment revenues
 

 
4.4

 
4.4

 
0.3

 
(4.7
)
 

Depreciation and amortization expense
 
20.3

 
3.8

 
24.1

 
0.1

 
(0.1
)
 
24.1

Miscellaneous income
 
0.8

 
0.1

 
0.9

 
2.9

 

 
3.8

Interest expense
 
8.0

 
2.0

 
10.0

 
0.5

 

 
10.5

Provision (benefit) for income taxes
 
17.3

 
(3.8
)
 
13.5

 
0.9

 

 
14.4

Preferred stock dividend requirements
 
(0.6
)
 
(0.1
)
 
(0.7
)
 

 

 
(0.7
)
Net income (loss) attributed to common shareholder
 
43.9

 
(2.7
)
 
41.2

 
1.3

 

 
42.5

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

 
 

 
 

 
 

 
 

 
 

External revenues
 
$
946.0

 
$
227.1

 
$
1,173.1

 
$

 
$

 
$
1,173.1

Intersegment revenues
 

 
8.3

 
8.3

 
1.1

 
(9.4
)
 

Depreciation and amortization expense
 
66.9

 
11.8

 
78.7

 
0.5

 
(0.4
)
 
78.8

Miscellaneous income
 
6.5

 
0.1

 
6.6

 
10.3

 

 
16.9

Interest expense
 
23.8

 
6.4

 
30.2

 
1.7

 

 
31.9

Provision for income taxes
 
52.9

 
8.9

 
61.8

 
2.9

 

 
64.7

Preferred stock dividend requirements
 
(1.9
)
 
(0.4
)
 
(2.3
)
 

 

 
(2.3
)
Net income attributed to common shareholder
 
87.1

 
14.4

 
101.5

 
6.0

 

 
107.5

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

 
 

 
 

 
 

 
 

External revenues
 
$
922.6

 
$
197.2

 
$
1,119.8

 
$

 
$

 
$
1,119.8

Intersegment revenues
 

 
7.5

 
7.5

 
1.0

 
(8.5
)
 

Depreciation and amortization expense
 
60.5

 
11.4

 
71.9

 
0.5

 
(0.4
)
 
72.0

Miscellaneous income
 
1.4

 
0.1

 
1.5

 
9.9

 

 
11.4

Interest expense
 
24.4

 
5.9

 
30.3

 
1.6

 

 
31.9

Provision for income taxes
 
38.8

 
6.9

 
45.7

 
2.4

 

 
48.1

Preferred stock dividend requirements
 
(1.9
)
 
(0.4
)
 
(2.3
)
 

 

 
(2.3
)
Net income attributed to common shareholder
 
86.5

 
14.6

 
101.1

 
6.1

 

 
107.2