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CONDENSED STATEMENTS OF INCOME (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
OPERATING REVENUES $ 574.6 $ 528.0 $ 1,030.1 $ 954.7
COST OF GOODS SOLD (exclusive of depreciation and amortization shown below) 247.6 204.6 460.6 400.1
Gross margin on revenues 327.0 323.4 569.5 554.6
OPERATING EXPENSES        
Other operation and maintenance 107.0 114.7 212.1 225.3
Depreciation and amortization 62.0 62.7 123.3 122.4
Taxes other than income 19.9 18.2 43.1 39.3
Total operating expenses 188.9 195.6 378.5 387.0
OPERATING INCOME 138.1 127.8 191.0 167.6
OTHER INCOME (EXPENSE)        
Allowance for equity funds used during construction 1.5 1.7 2.7 3.6
Other income 0.8 0.8 3.5 6.0
Other expense (0.3) (0.6) (0.8) (1.3)
Net other income 2.0 1.9 5.4 8.3
INTEREST EXPENSE        
Interest on long-term debt 32.4 31.1 63.5 62.1
Allowance for borrowed funds used during construction (0.7) (0.9) (1.4) (2.0)
Interest on short-term debt and other interest charges 1.3 0.9 2.3 1.9
Interest expense 33.0 31.1 64.4 62.0
INCOME BEFORE TAXES 107.1 98.6 132.0 113.9
INCOME TAX EXPENSE 28.1 25.2 40.0 28.4
NET INCOME $ 79.0 $ 73.4 $ 92.0 $ 85.5