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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2022

FAIR VALUE OF FINANCIAL INSTRUMENTS

Schedule of fair value measurement


								Quoted Prices in			Significant			Significant
		Total						Active Markets			Observable			Unobservable
		Carrying Value			Total			(Level 1)			Inputs (Level 2)			Inputs (Level 3)

(In millions)		September 30, 2022			Fair Value Measurements at September 30, 2022
Cash and cash equivalents		$	242.8		$	242.8		$	242.8		$	—		$	—
Restricted cash		$	3.9		$	3.9		$	3.9		$	—		$	—
Capital Construction Fund		$	565.0		$	565.0		$	565.0		$	—		$	—
Fixed rate debt		$	531.8		$	438.4		$	—		$	438.4		$	—

(In millions)		December 31, 2021			Fair Value Measurements at December 31, 2021
Cash and cash equivalents		$	282.4		$	282.4		$	282.4		$	—		$	—
Restricted cash		$	5.3		$	5.3		$	5.3		$	—		$	—
Fixed rate debt		$	629.0		$	615.1		$	—		$	615.1		$	—

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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