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CONDENSED STATEMENTS OF INCOME (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
OPERATING REVENUES $ 528.0 $ 568.7 $ 954.7 $ 990.8
COST OF GOODS SOLD (exclusive of depreciation and amortization shown below) 204.6 254.3 400.1 473.7
Gross margin on revenues 323.4 314.4 554.6 517.1
OPERATING EXPENSES        
Other operation and maintenance 114.7 110.2 225.3 216.0
Depreciation and amortization 62.7 52.1 122.4 103.9
Taxes other than income 18.2 18.8 39.3 37.9
Total operating expenses 195.6 181.1 387.0 357.8
OPERATING INCOME 127.8 133.3 167.6 159.3
OTHER INCOME (EXPENSE)        
Interest income 0.1 0.1 0.1 0.2
Allowance for equity funds used during construction 1.7 5.8 3.6 10.2
Other income 0.7 1.3 5.9 6.3
Other expense (0.6) (0.9) (1.3) (1.5)
Net other income 1.9 6.3 8.3 15.2
INTEREST EXPENSE        
Interest on long-term debt 31.1 29.1 62.1 56.9
Allowance for borrowed funds used during construction (0.9) (2.9) (2.0) (5.2)
Interest on short-term debt and other interest charges 0.9 1.1 1.9 1.7
Interest expense 31.1 27.3 62.0 53.4
INCOME BEFORE TAXES 98.6 112.3 113.9 121.1
INCOME TAX EXPENSE 25.2 33.7 28.4 36.1
NET INCOME $ 73.4 $ 78.6 $ 85.5 $ 85.0