XML 58 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating Activities      
Net Income $ 140.7us-gaap_NetIncomeLoss $ 137.9us-gaap_NetIncomeLoss $ 134.8us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization expense 113.7us-gaap_DepreciationDepletionAndAmortization 106.2us-gaap_DepreciationDepletionAndAmortization 96.2us-gaap_DepreciationDepletionAndAmortization
Recoveries and refunds of regulatory assets and liabilities 6.1wps_RecoveriesAndRefundsOfRegulatoryAssetsAndLiabilities (13.2)wps_RecoveriesAndRefundsOfRegulatoryAssetsAndLiabilities 15.1wps_RecoveriesAndRefundsOfRegulatoryAssetsAndLiabilities
Bad debt expense 7.3us-gaap_ProvisionForDoubtfulAccounts 5.2us-gaap_ProvisionForDoubtfulAccounts 5.7us-gaap_ProvisionForDoubtfulAccounts
Pension and other postretirement (credit) expense (6.2)us-gaap_PensionAndOtherPostretirementBenefitExpense 22.2us-gaap_PensionAndOtherPostretirementBenefitExpense 18.9us-gaap_PensionAndOtherPostretirementBenefitExpense
Pension and other postretirement contributions (49.5)us-gaap_PensionAndOtherPostretirementBenefitContributions (43.5)us-gaap_PensionAndOtherPostretirementBenefitContributions (122.0)us-gaap_PensionAndOtherPostretirementBenefitContributions
Deferred income taxes and investment tax credit 90.5us-gaap_DeferredIncomeTaxesAndTaxCredits 79.4us-gaap_DeferredIncomeTaxesAndTaxCredits 33.4us-gaap_DeferredIncomeTaxesAndTaxCredits
Repayment of related party payables 0wps_PaymentsForRefundsOfPaymentsReceivedFromRelatedPartiesForUnfundedRetirementBenefitCosts 0wps_PaymentsForRefundsOfPaymentsReceivedFromRelatedPartiesForUnfundedRetirementBenefitCosts (22.6)wps_PaymentsForRefundsOfPaymentsReceivedFromRelatedPartiesForUnfundedRetirementBenefitCosts
Termination of tolling agreement with Fox Energy Company LLC 0wps_ContractTerminationCost (50.0)wps_ContractTerminationCost 0wps_ContractTerminationCost
Deferrals to regulatory assets and liabilities (16.4)wps_Deferralstoregulatoryassetsandliabilities 12.8wps_Deferralstoregulatoryassetsandliabilities (10.3)wps_Deferralstoregulatoryassetsandliabilities
Other (14.3)us-gaap_OtherOperatingActivitiesCashFlowStatement (9.6)us-gaap_OtherOperatingActivitiesCashFlowStatement 5.1us-gaap_OtherOperatingActivitiesCashFlowStatement
Changes in working capital      
Accounts receivable and accrued unbilled revenues 5.6us-gaap_IncreaseDecreaseInReceivables (24.8)us-gaap_IncreaseDecreaseInReceivables 2.9us-gaap_IncreaseDecreaseInReceivables
Inventories (29.1)us-gaap_IncreaseDecreaseInInventories 18.9us-gaap_IncreaseDecreaseInInventories 11.9us-gaap_IncreaseDecreaseInInventories
Prepaid taxes (2.1)us-gaap_IncreaseDecreaseInPrepaidTaxes 21.1us-gaap_IncreaseDecreaseInPrepaidTaxes 27.9us-gaap_IncreaseDecreaseInPrepaidTaxes
Other current assets (3.4)us-gaap_IncreaseDecreaseInOtherOperatingAssets (0.5)us-gaap_IncreaseDecreaseInOtherOperatingAssets (0.2)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable 15.4us-gaap_IncreaseDecreaseInAccountsPayable (14.9)us-gaap_IncreaseDecreaseInAccountsPayable 3.0us-gaap_IncreaseDecreaseInAccountsPayable
Other current liabilities 5.2us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 25.9us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 23.5us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash provided by operating activities 263.5us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 273.1us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 223.3us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Investing Activities      
Capital expenditures (329.1)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (241.6)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (179.5)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Acquisition of Fox Energy Company LLC 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (391.6)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Grant received related to Crane Creek wind project 0wps_GrantReceivedRelatedToCraneCreekWindProject 69.0wps_GrantReceivedRelatedToCraneCreekWindProject 0wps_GrantReceivedRelatedToCraneCreekWindProject
Other 8.0us-gaap_PaymentsForProceedsFromOtherInvestingActivities 7.6us-gaap_PaymentsForProceedsFromOtherInvestingActivities 7.3us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used for investing activities (321.1)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (556.6)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (172.2)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Financing Activities      
Short-term debt, net 119.5us-gaap_ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess (69.8)us-gaap_ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess (78.3)us-gaap_ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
Borrowing on term credit facility 0us-gaap_ProceedsFromLinesOfCredit 200.0us-gaap_ProceedsFromLinesOfCredit 0us-gaap_ProceedsFromLinesOfCredit
Repayment of term credit facility 0us-gaap_RepaymentsOfLinesOfCredit (200.0)us-gaap_RepaymentsOfLinesOfCredit 0us-gaap_RepaymentsOfLinesOfCredit
Repayment of long-term debt 0us-gaap_RepaymentsOfLongTermDebt (147.0)us-gaap_RepaymentsOfLongTermDebt (150.0)us-gaap_RepaymentsOfLongTermDebt
Repayment of long-term debt to parent (0.9)us-gaap_RepaymentsOfRelatedPartyDebt (0.9)us-gaap_RepaymentsOfRelatedPartyDebt (0.7)us-gaap_RepaymentsOfRelatedPartyDebt
Issuance of long-term debt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt 450.0us-gaap_ProceedsFromIssuanceOfLongTermDebt 300.0us-gaap_ProceedsFromIssuanceOfLongTermDebt
Payments of dividend to parent (111.8)us-gaap_PaymentsOfDistributionsToAffiliates (108.6)us-gaap_PaymentsOfDistributionsToAffiliates (105.5)us-gaap_PaymentsOfDistributionsToAffiliates
Equity contribution from parent 55.0us-gaap_ProceedsFromContributionsFromParent 200.0us-gaap_ProceedsFromContributionsFromParent 40.0us-gaap_ProceedsFromContributionsFromParent
Return of capital to parent 0us-gaap_PaymentsOfCapitalDistribution (35.0)us-gaap_PaymentsOfCapitalDistribution (50.0)us-gaap_PaymentsOfCapitalDistribution
Preferred stock dividend requirements (3.1)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (3.1)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (3.1)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
Other (1.4)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (2.9)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (2.5)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash provided by (used for) financing activities 57.3us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 282.7us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (50.1)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net change in cash and cash equivalents (0.3)us-gaap_NetCashProvidedByUsedInContinuingOperations (0.8)us-gaap_NetCashProvidedByUsedInContinuingOperations 1.0us-gaap_NetCashProvidedByUsedInContinuingOperations
Cash and cash equivalents at beginning of year 5.7us-gaap_CashAndCashEquivalentsAtCarryingValue 6.5us-gaap_CashAndCashEquivalentsAtCarryingValue 5.5us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 5.4us-gaap_CashAndCashEquivalentsAtCarryingValue 5.7us-gaap_CashAndCashEquivalentsAtCarryingValue 6.5us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Cash Flow Information      
Cash paid for interest 56.8us-gaap_InterestPaid 43.9us-gaap_InterestPaid 40.2us-gaap_InterestPaid
Cash (received) paid for income taxes $ (6.2)us-gaap_IncomeTaxesPaidNet $ (27.3)us-gaap_IncomeTaxesPaidNet $ 2.9us-gaap_IncomeTaxesPaidNet