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CONDENSED STATEMENTS OF INCOME (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
OPERATING REVENUES $ 721.0 $ 774.8 $ 1,675.7 $ 1,765.6
COST OF GOODS SOLD (exclusive of depreciation and amortization shown below) 271.8 334.7 671.9 808.4
Gross margin on revenues 449.2 440.1 1,003.8 957.2
OPERATING EXPENSES        
Other operation and maintenance 108.6 108.3 333.9 324.3
Depreciation and amortization 63.5 54.9 185.9 158.8
Taxes other than income 19.1 18.2 58.4 56.1
Total operating expenses 191.2 181.4 578.2 539.2
OPERATING INCOME 258.0 258.7 425.6 418.0
OTHER INCOME (EXPENSE)        
Interest income 0.1 0.2 0.2 0.4
Allowance for equity funds used during construction 1.3 5.9 4.9 16.1
Other income (loss) (0.4) (3.1) 5.5 3.2
Other expense (2.2) (3.4) (3.5) (4.9)
Net other income (expense) (1.2) (0.4) 7.1 14.8
INTEREST EXPENSE        
Interest on long-term debt 31.0 31.0 93.1 87.9
Allowance for borrowed funds used during construction (0.8) (2.9) (2.8) (8.1)
Interest on short-term debt and other interest charges 1.0 0.7 2.9 2.4
Interest expense 31.2 28.8 93.2 82.2
INCOME BEFORE TAXES 225.6 229.5 339.5 350.6
INCOME TAX EXPENSE 58.4 70.9 86.8 107.0
NET INCOME $ 167.2 $ 158.6 $ 252.7 $ 243.6