Additional Balance Sheet & Operational Information

12 Months Ended

Dec. 31, 2011

Additional Balance Sheet and Operational Information [Abstract]

Additional Balance Sheet and Operational Information

23.   Additional Balance Sheet & Operational Information

Inventories consist of the following:

	At December 31,
(In millions)	2011		2010
Gas in storage - at LIFO cost	$	31.8	$	26.2
Gas in storage - at average cost		-		23.6
Total Gas in storage		31.8		49.8
Coal & Oil for electric generation - at average cost		60.6		70.1
Materials & supplies		54.9		48.8
Nonutility Coal - at LIFO cost		13.0		16.2
Other		1.6		2.2
Total inventories	$	161.9	$	187.1

Based on the average cost of gas purchased and coal produced during December, the cost of replacing inventories carried at LIFO cost exceeded that carrying value at December 31, 2011, and 2010, by approximately $12 million and $16 million, respectively.

Prepayments & other current assets in the Consolidated Balance Sheets consist of the following:

	At December 31,
(In millions)	2011		2010
Prepaid gas delivery service	$	42.4	$	40.7
Deferred income taxes		16.0		3.8
Prepaid taxes		5.1		31.5
Other prepayments & current assets		20.8		25.2
Total prepayments & other current assets	$	84.3	$	101.2

Investments in unconsolidated affiliates consist of the following:

	At December 31,
(In millions)	2011		2010
ProLiance Holdings, LLC	$	85.4	$	123.2
Haddington Energy Partnerships		3.4		3.4
Other non-utility partnerships & corporations		3.9		8.4
Other utility investments		0.2		0.2
Total investments in unconsolidated affiliates	$	92.9	$	135.2

Other utility & corporate Investments in the Consolidated Balance Sheets consist of the following:

	At December 31,
(In millions)	2011		2010
Cash surrender value of life insurance policies	$	27.3	$	27.5
Municipal bond		3.9		4.1
Restricted cash		1.9		1.2
Other investments		1.3		1.3
Other utility & corporate investments	$	34.4	$	34.1

Goodwill by operating segment follows:

	At December 31,
(In millions)	2011		2010
Utility Group
Gas Utility Services	$	205.0	$	205.0
Nonutility Group
Infrastructure Services		55.2		34.9
Energy Services		2.1		2.1
Consolidated goodwill	$	262.3	$	242.0

Accrued liabilities in the Consolidated Balance Sheets consist of the following:

	At December 31,
(In millions)	2011		2010
Refunds to customers & customer deposits	$	56.4	$	54.8
Accrued taxes		33.5		40.9
Accrued interest		21.7		23.8
Accrued retirement		6.5		5.8
Accrued salaries & other		63.0		53.1
Total accrued liabilities	$	181.1	$	178.4

Asset retirement obligations included in the Consolidated Balance Sheets roll forward as follows:

(In millions)	2011		2010
Asset retirement obligation, January 1	$	38.7	$	36.1
Accretion		2.5		2.1
Increases in estimates, net of cash payments		2.5		0.5
Asset retirement obligation, December 31		43.7		38.7
Accrued liabilities	$	0.2	$	0.3
Deferred credits & other liabilities	$	43.5	$	38.4

Equity in earnings (losses) of unconsolidated affiliates consists of the following:

	Year Ended December 31,
(In millions)	2011			2010			2009
ProLiance Holdings, LLC	$	(28.6	)	$	(2.5	)	$	3.6
Haddington Energy Partners, LP		-			(6.1	)		0.9
Other		(3.4	)		-			(1.1	)
Total equity in earnings (losses) of unconsolidated affiliates	$	(32.0	)	$	(8.6	)	$	3.4

Other income (expense) - net in the Consolidated Statements of Income consists of the following:

	Year Ended December 31,
(In millions)	2011			2010			2009
AFUDC - borrowed funds	$	2.5		$	1.4		$	1.3
AFUDC - equity funds		0.2			0.3			0.7
Nonutility plant capitalized interest		2.1			2.1			6.0
Interest income, net		1.4			1.7			1.4
Other nonutility investment impairment charges		(9.9	)		(4.7	)		-
Cash surrender value of life insurance policies		0.1			1.9			4.1
All other income		0.1			2.1			0.2
Total other income (expense) - net	$	(3.5	)	$	4.8		$	13.7

Supplemental Cash Flow Information:

	Year Ended December 31,
(In millions)	2011			2010		2009
Cash paid (received) for:
Interest	$	108.6		$	104.5	$	95.5
Income taxes		(9.0	)		8.1		(12.2	)

As of December 31, 2011 and 2010, the Company has accruals related to utility and nonutility plant purchases totaling approximately $15.9 million and $13.9 million, respectively.