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SEGMENTS OF BUSINESS
12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
SEGMENTS OF BUSINESS
Segments of Business

At December 31, 2014, we reported three segments. We manage our reportable segments separately due to their different operating and regulatory environments. Our principal business segments are our electric utility operations and the natural gas utility operations. The other segment includes nonutility activities, as well as equity earnings from our investments in WRPC and WPS Investments, LLC, which holds an interest in ATC. All of our operations and assets are located within the United States. The table below presents information related to our reportable segments:
 
 
Regulated Utilities
 
 
 
 
 
 
2014 (Millions)
 
Electric Utility
 
Natural Gas Utility
 
Total Utility
 
Other
 
Reconciling
Eliminations
 
WPS
Consolidated
Income Statement
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
1,222.4

 
$
459.9

 
$
1,682.3

 
$

 
$

 
$
1,682.3

Intersegment revenues
 

 
12.4

 
12.4

 
1.4

 
(13.8
)
 

Depreciation and amortization expense
 
97.4

 
16.2

 
113.6

 
0.6

 
(0.5
)
 
113.7

Miscellaneous income
 
11.1

 
0.4

 
11.5

 
12.9

 

 
24.4

Interest expense
 
45.1

 
10.2

 
55.3

 
2.1

 

 
57.4

Provision for income taxes
 
64.1

 
16.6

 
80.7

 
4.0

 

 
84.7

Preferred stock dividend requirements
 
(2.6
)
 
(0.5
)
 
(3.1
)
 

 

 
(3.1
)
Net income attributed to common shareholder
 
104.7

 
25.7

 
130.4

 
7.2

 

 
137.6

Total assets
 
3,511.0

 
682.3

 
4,193.3

 
85.4

 

 
4,278.7

Cash expenditures for long-lived assets
 
279.3

 
49.8

 
329.1

 

 

 
329.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Regulated Utilities
 
 
 
 
 
 
2013 (Millions)
 
Electric
Utility
 
Natural Gas Utility
 
Total Utility
 
Other
 
Reconciling
Eliminations
 
WPS
Consolidated
Income Statement
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
1,241.8

 
$
337.5

 
$
1,579.3

 
$

 
$

 
$
1,579.3

Intersegment revenues
 

 
10.9

 
10.9

 
1.4

 
(12.3
)
 

Depreciation and amortization expense
 
90.5

 
15.6

 
106.1

 
0.6

 
(0.5
)
 
106.2

Miscellaneous income
 
9.9

 
0.2

 
10.1

 
13.4

 

 
23.5

Interest expense
 
33.0

 
8.5

 
41.5

 
2.2

 

 
43.7

Provision for income taxes
 
61.6

 
16.1

 
77.7

 
4.2

 

 
81.9

Preferred stock dividend requirements
 
(2.5
)
 
(0.6
)
 
(3.1
)
 

 

 
(3.1
)
Net income attributed to common shareholder
 
102.3

 
25.0

 
127.3

 
7.5

 

 
134.8

Total assets
 
3,241.8

 
633.8

 
3,875.6

 
85.7

 

 
3,961.3

Cash expenditures for long-lived assets
 
595.5

 
37.7

 
633.2

 

 

 
633.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Regulated Utilities
 
 
 
 
 
 
2012 (Millions)
 
Electric
Utility
 
Natural Gas Utility
 
Total Utility
 
Other
 
Reconciling
Eliminations
 
WPS
Consolidated
Income Statement
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
1,212.0

 
$
287.2

 
$
1,499.2

 
$

 
$

 
$
1,499.2

Intersegment revenues
 

 
9.2

 
9.2

 
1.4

 
(10.6
)
 

Depreciation and amortization expense
 
81.1

 
15.0

 
96.1

 
0.6

 
(0.5
)
 
96.2

Miscellaneous income
 
2.6

 
0.1

 
2.7

 
13.0

 

 
15.7

Interest expense
 
32.4

 
7.9

 
40.3

 
2.2

 

 
42.5

Provision for income taxes
 
44.6

 
14.5

 
59.1

 
3.5

 

 
62.6

Preferred stock dividend requirements
 
(2.5
)
 
(0.6
)
 
(3.1
)
 

 

 
(3.1
)
Net income attributed to common shareholder
 
99.1

 
24.9

 
124.0

 
7.7

 

 
131.7

Total assets
 
2,747.5

 
668.2

 
3,415.7

 
106.2

 

 
3,521.9

Cash expenditures for long-lived assets
 
149.4

 
30.1

 
179.5

 

 

 
179.5