XML 107 R95.htm IDEA: XBRL DOCUMENT v3.21.2
SEGMENT INFORMATION (Details)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
USD ($)
Jun. 30, 2021
USD ($)
Mar. 31, 2021
USD ($)
Sep. 30, 2020
USD ($)
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Sep. 30, 2021
USD ($)
segment
Sep. 30, 2020
USD ($)
Segment information                
Number of reportable segments | segment             6  
Total operating revenues $ 1,746.5     $ 1,651.0     $ 6,114.1 $ 5,308.3
Other operation and maintenance 473.7     498.7     1,417.4 1,427.5
Depreciation and amortization 271.6     245.0     799.2 726.6
Equity in earnings of transmission affiliates 42.3     40.1     126.2 132.8
Interest expense 118.0     122.0     357.5 375.8
Income tax expense (benefit) 50.8     46.9     179.8 190.7
Net income (loss) 288.7     267.1     1,074.7 961.8
Net income (loss) attributed to common shareholders 290.0 $ 276.0 $ 510.1 266.8 $ 241.6 $ 452.5 1,076.1 960.9
External Revenues                
Segment information                
Total operating revenues 1,746.5     1,651.0     6,114.1 5,308.3
Intersegment Revenues                
Segment information                
Total operating revenues 0.0     0.0     0.0 0.0
Utility Operations                
Segment information                
Other operation and maintenance 469.9     493.4     1,402.4 1,413.0
Depreciation and amortization 249.4     228.1     730.7 673.3
Equity in earnings of transmission affiliates 0.0     0.0     0.0 0.0
Interest expense 156.0     157.4     472.0 477.3
Income tax expense (benefit) 39.6     32.3     177.4 166.9
Net income (loss) 214.2     197.6     800.5 743.2
Net income (loss) attributed to common shareholders 213.9     197.3     799.6 742.3
Utility Operations | External Revenues                
Segment information                
Total operating revenues 1,727.6     1,636.5     6,051.1 5,263.5
Utility Operations | Intersegment Revenues                
Segment information                
Total operating revenues 0.0     0.0     0.0 0.0
Reconciling Eliminations                
Segment information                
Other operation and maintenance (1.6)     (1.6)     (7.1) (7.1)
Depreciation and amortization (15.3)     (14.1)     (44.3) (39.1)
Equity in earnings of transmission affiliates 0.0     0.0     0.0 0.0
Interest expense (85.1)     (85.7)     (256.0) (259.6)
Income tax expense (benefit) 0.0     0.0     0.0 0.0
Net income (loss) 0.0     0.0     0.0 0.0
Net income (loss) attributed to common shareholders 0.0     0.0     0.0 0.0
Reconciling Eliminations | External Revenues                
Segment information                
Total operating revenues 0.0     0.0     0.0 0.0
Reconciling Eliminations | Intersegment Revenues                
Segment information                
Total operating revenues $ (110.8)     (109.6)     $ (338.0) (335.6)
ATC Holdco                
Segment information                
Equity method investment, ownership interest (as a percent) 75.00%           75.00%  
Equity in earnings of transmission affiliates $ 0.6     0.5     $ 2.1 1.1
Wisconsin                
Segment information                
Total operating revenues 1,458.6     1,366.3     4,497.8 4,071.4
Wisconsin | Utility Operations                
Segment information                
Other operation and maintenance 359.1     363.8     1,047.1 1,044.0
Depreciation and amortization 184.4     169.7     540.4 502.7
Equity in earnings of transmission affiliates 0.0     0.0     0.0 0.0
Interest expense 137.9     139.1     417.8 422.2
Income tax expense (benefit) 33.6     37.5     104.8 110.5
Net income (loss) 197.8     187.9     601.2 565.0
Net income (loss) attributed to common shareholders 197.5     187.6     600.3 564.1
Wisconsin | Utility Operations | External Revenues                
Segment information                
Total operating revenues 1,458.6     1,366.3     4,497.8 4,071.4
Wisconsin | Utility Operations | Intersegment Revenues                
Segment information                
Total operating revenues 0.0     0.0     0.0 0.0
Illinois                
Segment information                
Total operating revenues 216.2     221.9     1,195.1 930.7
Illinois | Utility Operations                
Segment information                
Other operation and maintenance 91.2     109.2     291.3 306.5
Depreciation and amortization 55.4     49.9     162.1 146.0
Equity in earnings of transmission affiliates 0.0     0.0     0.0 0.0
Interest expense 16.5     15.6     49.6 47.7
Income tax expense (benefit) 7.0     (4.0)     64.4 47.7
Net income (loss) 19.1     13.0     174.8 152.4
Net income (loss) attributed to common shareholders 19.1     13.0     174.8 152.4
Illinois | Utility Operations | External Revenues                
Segment information                
Total operating revenues 216.2     221.9     1,195.1 930.7
Illinois | Utility Operations | Intersegment Revenues                
Segment information                
Total operating revenues 0.0     0.0     0.0 0.0
Other States                
Segment information                
Total operating revenues 52.8     48.3     358.2 261.4
Other States | Utility Operations                
Segment information                
Other operation and maintenance 19.6     20.4     64.0 62.5
Depreciation and amortization 9.6     8.5     28.2 24.6
Equity in earnings of transmission affiliates 0.0     0.0     0.0 0.0
Interest expense 1.6     2.7     4.6 7.4
Income tax expense (benefit) (1.0)     (1.2)     8.2 8.7
Net income (loss) (2.7)     (3.3)     24.5 25.8
Net income (loss) attributed to common shareholders (2.7)     (3.3)     24.5 25.8
Other States | Utility Operations | External Revenues                
Segment information                
Total operating revenues 52.8     48.3     358.2 261.4
Other States | Utility Operations | Intersegment Revenues                
Segment information                
Total operating revenues 0.0     0.0     0.0 0.0
Electric Transmission                
Segment information                
Other operation and maintenance 0.0     0.0     0.0 0.0
Depreciation and amortization 0.0     0.0     0.0 0.0
Equity in earnings of transmission affiliates 42.3     40.1     126.2 132.8
Interest expense 4.8     4.9     14.5 14.6
Income tax expense (benefit) 9.7     9.0     28.9 33.4
Net income (loss) 27.8     26.3     82.8 84.8
Net income (loss) attributed to common shareholders 27.8     26.3     82.8 84.8
Electric Transmission | External Revenues                
Segment information                
Total operating revenues 0.0     0.0     0.0 0.0
Electric Transmission | Intersegment Revenues                
Segment information                
Total operating revenues $ 0.0     0.0     $ 0.0 0.0
Electric Transmission | ATC                
Segment information                
Equity method investment, ownership interest (as a percent) 60.00%           60.00%  
Electric Transmission | ATC Holdco                
Segment information                
Equity method investment, ownership interest (as a percent) 75.00%           75.00%  
Non-Utility Energy Infrastructure                
Segment information                
Natural gas storage needs provided to Wisconsin utilities             33.00%  
Total operating revenues $ 129.5     123.5     $ 400.6 378.4
Other operation and maintenance 9.9     5.9     31.2 18.7
Depreciation and amortization 31.2     24.5     93.5 73.4
Equity in earnings of transmission affiliates 0.0     0.0     0.0 0.0
Interest expense 17.6     15.0     53.5 45.4
Income tax expense (benefit) 5.0     13.4     5.8 35.8
Net income (loss) 62.8     62.9     202.3 193.2
Net income (loss) attributed to common shareholders 64.4     62.9     204.6 193.2
Non-Utility Energy Infrastructure | External Revenues                
Segment information                
Total operating revenues 18.7     13.9     62.6 42.8
Non-Utility Energy Infrastructure | Intersegment Revenues                
Segment information                
Total operating revenues $ 110.8     109.6     $ 338.0 335.6
Non-Utility Energy Infrastructure | Bishop Hill III                
Segment information                
WEC's ownership interest 90.00%           90.00%  
Non-Utility Energy Infrastructure | Coyote Ridge                
Segment information                
WEC's ownership interest 80.00%           80.00%  
Non-Utility Energy Infrastructure | Upstream                
Segment information                
WEC's ownership interest 90.00%           90.00%  
Non-Utility Energy Infrastructure | Blooming Grove                
Segment information                
WEC's ownership interest 90.00%           90.00%  
Non-Utility Energy Infrastructure | Tatanka Ridge                
Segment information                
WEC's ownership interest 85.00%           85.00%  
Non-Utility Energy Infrastructure | JayhawkWindLLC                
Segment information                
WEC's ownership interest 90.00%           90.00%  
Corporate and Other                
Segment information                
Total operating revenues $ 0.2     0.6     $ 0.4 2.0
Other operation and maintenance (4.5)     1.0     (9.1) 2.9
Depreciation and amortization 6.3     6.5     19.3 19.0
Equity in earnings of transmission affiliates 0.0     0.0     0.0 0.0
Interest expense 24.7     30.4     73.5 98.1
Income tax expense (benefit) (3.5)     (7.8)     (32.3) (45.4)
Net income (loss) (16.1)     (19.7)     (10.9) (59.4)
Net income (loss) attributed to common shareholders (16.1)     (19.7)     (10.9) (59.4)
Corporate and Other | External Revenues                
Segment information                
Total operating revenues 0.2     0.6     0.4 2.0
Corporate and Other | Intersegment Revenues                
Segment information                
Total operating revenues $ 0.0     $ 0.0     $ 0.0 $ 0.0