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Asset Sales, Divestitures and Discontinued Operations
12 Months Ended
Dec. 31, 2012
Asset Sales Divestitures and Discontinued Operations [Abstract]  
ASSET SALES, DIVESTITURES AND DISCONTINUED OPERATIONS
ASSET SALES, DIVESTITURES AND DISCONTINUED OPERATIONS

Edison Sault:   Effective May 4, 2010, we sold Edison Sault Electric Company (Edison Sault) to Cloverland Electric Cooperative for approximately $63.0 million. We reclassified the operations related to Edison Sault as discontinued operations in the accompanying Consolidated Income Statements. Discontinued Edison Sault operations had no significant impact on our Consolidated Statements of Cash Flows for the year ended December 31, 2010. We retained Edison Sault's ownership interest in ATC.

The following table summarizes the net impacts of the discontinued operations on our earnings for the years ended December 31:

 
2012
 
2011
 
2010
 
(Millions of Dollars)
 
 
 
 
 
 
Income from Continuing Operations
$
546.3

 
$
512.8

 
$
454.4

Income from Discontinued Edison Sault operations, net of tax

 

 
0.7

Income from Discontinued other operations, net of tax (a)

 
13.4

 
1.4

Net Income
$
546.3

 
$
526.2

 
$
456.5


(a)
Primarily relates to the favorable resolution of uncertain state and federal tax positions associated with our previously discontinued manufacturing business.

Edgewater Generating Unit 5:   On March 1, 2011, we sold our 25% interest in Edgewater Generating Unit 5 to WPL for our net book value, including working capital, of approximately $38 million. This transaction was treated as a sale of an asset.