Investment in American Transmission Company (Tables) - ATC

12 Months Ended

Dec. 31, 2016

The following table shows changes to our investment in ATC during the years ended December 31:



(in millions)	2016				2015		2014
Balance at beginning of period	$	1,380.9			$	424.1	$	402.7
Add: Earnings from equity method investment	146.5				96.1		66.0
Add: Capital contributions	42.3				8.7		13.1
Add: Acquisition of Integrys's investment in ATC	(1.0		)		541.5		—
Add: Equity method goodwill from the acquisition of Integrys ⁽¹⁾	10.4				395.8		—
Less: Distributions	135.1			⁽²⁾	85.1		57.5
Less: Other	0.1				0.2		0.2
Balance at end of period	$	1,443.9			$	1,380.9	$	424.1


⁽¹⁾	Represents the purchase price allocated to Integrys's investment in ATC in excess of the recorded value.


⁽²⁾	Of this amount, $35.2 million was recorded as a receivable at December 31, 2016.

The following table summarizes our significant related party transactions with ATC during the years ended December 31:



(in millions)	2016		2015		2014
Charges to ATC for services and construction	$	18.5	$	15.4	$	8.1
Charges from ATC for network transmission services	357.3		289.2		231.4

As of December 31, 2016 and 2015, our balance sheets included the following receivables and payables related to ATC:

Summarized financial data for ATC is included in the tables below:



(in millions)	December 31, 2016		December 31, 2015
Balance sheet data
Current assets	$	75.8	$	80.5
Noncurrent assets	4,312.9		3,948.3
Total assets	$	4,388.7	$	4,028.8

Current liabilities	$	495.1	$	330.3
Long-term debt	1,865.3		1,790.7
Other noncurrent liabilities	271.5		245.0
Shareholders' equity	1,756.8		1,662.8
Total liabilities and shareholders' equity	$	4,388.7	$	4,028.8