XML 180 R162.htm IDEA: XBRL DOCUMENT v3.25.0.1
Segment Information (Details)
$ in Millions
12 Months Ended
Dec. 31, 2024
USD ($)
numberOfSegments
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Segment information        
Number of reportable segments | numberOfSegments 6      
Operating revenues $ 8,599.9 $ 8,893.0 $ 9,597.4  
Fuel and purchased power 1,455.7 1,615.9 1,881.4  
Cost of natural gas sold 1,200.3 1,575.3 2,477.5  
Other operation and maintenance 2,158.0 2,100.5 1,938.0  
Impairment related to ICC disallowances 12.1 178.9 0.0  
Depreciation and amortization 1,354.5 1,264.2 1,122.6  
Property and revenue taxes 266.5 250.2 253.7  
Equity in earnings of transmission affiliates 207.5 177.5 194.7  
Other income, net 178.2 177.7 128.8  
Interest expense 815.3 727.4 515.1  
Gain on debt extinguishments (23.1) (0.5) 0.0  
Income tax expense (benefit) 222.0 204.6 322.9  
Preferred stock dividends of subsidiary 1.2 1.2 1.2  
Net (income) loss attributed to noncontrolling interests 4.1 1.2 (0.4)  
Net income (loss) attributed to common shareholders 1,527.2 1,331.7 1,408.1  
Capital expenditures and asset acquisitions 3,774.8 3,507.9 2,696.9  
Equity method investments 2,191.6 2,081.6 1,981.9  
Total assets 47,363.2 43,939.7 41,872.1  
Reconciling eliminations        
Segment information        
Fuel and purchased power 0.0 0.0 0.0  
Cost of natural gas sold (46.0) (60.1) (51.9)  
Other operation and maintenance (9.1) (9.1) (9.1)  
Impairment related to ICC disallowances 0.0 0.0    
Depreciation and amortization (88.5) (77.5) (68.1)  
Property and revenue taxes 0.0 0.0 0.0  
Equity in earnings of transmission affiliates 0.0 0.0 0.0  
Other income, net (31.7) (20.5) (2.3)  
Interest expense (362.2) (350.2) (336.2)  
Gain on debt extinguishments 0.0 0.0    
Income tax expense (benefit) 0.0 0.0 0.0  
Preferred stock dividends of subsidiary 0.0 0.0 0.0  
Net (income) loss attributed to noncontrolling interests 0.0 0.0 0.0  
Net income (loss) attributed to common shareholders 0.0 0.0 0.0  
Capital expenditures and asset acquisitions 0.0 0.0 0.0  
Equity method investments 0.0 0.0 0.0  
Total assets (3,553.6) (3,640.1) (3,256.5)  
Reconciling eliminations | WE        
Segment information        
Total assets 1,525.4 1,630.6 1,632.9  
Wisconsin | Operating segments        
Segment information        
Operating revenues 6,330.5 6,625.9 6,960.5  
Illinois | Operating segments        
Segment information        
Operating revenues 1,602.4 1,557.8 1,890.9  
Other States | Operating segments        
Segment information        
Operating revenues 449.8 519.1 618.5  
Electric transmission | Operating segments        
Segment information        
Fuel and purchased power 0.0 0.0 0.0  
Cost of natural gas sold 0.0 0.0 0.0  
Other operation and maintenance 0.0 0.0 0.0  
Impairment related to ICC disallowances 0.0 0.0    
Depreciation and amortization 0.0 0.0 0.0  
Property and revenue taxes 0.0 0.0 0.0  
Equity in earnings of transmission affiliates 207.5 177.5 194.7  
Other income, net 0.0 0.0 0.0  
Interest expense 19.4 19.4 19.4  
Gain on debt extinguishments 0.0 0.0    
Income tax expense (benefit) 47.1 39.0 45.8  
Preferred stock dividends of subsidiary 0.0 0.0 0.0  
Net (income) loss attributed to noncontrolling interests 0.0 0.0 0.0  
Net income (loss) attributed to common shareholders 141.0 119.1 129.5  
Capital expenditures and asset acquisitions 0.0 0.0 0.0  
Equity method investments 2,108.9 2,005.9 1,909.2  
Total assets $ 2,126.0 2,006.0 1,909.4  
Non-Utility Energy Infrastructure        
Segment information        
Natural gas storage needs provided to Wisconsin utilities 33.00%      
Non-Utility Energy Infrastructure | Operating segments        
Segment information        
Operating revenues $ 691.3 666.5 590.0  
Fuel and purchased power 0.0 0.0 0.0  
Cost of natural gas sold 9.1 20.5 17.9  
Other operation and maintenance 75.1 80.1 51.0  
Impairment related to ICC disallowances 0.0 0.0    
Depreciation and amortization 198.4 188.7 139.2  
Property and revenue taxes 15.7 16.5 9.1  
Equity in earnings of transmission affiliates 0.0 0.0 0.0  
Other income, net 1.0 0.0 0.0  
Interest expense 99.7 94.3 68.9  
Gain on debt extinguishments 0.0 0.0    
Income tax expense (benefit) (82.4) (68.4) (20.9)  
Preferred stock dividends of subsidiary 0.0 0.0 0.0  
Net (income) loss attributed to noncontrolling interests 4.1 1.2 (0.4)  
Net income (loss) attributed to common shareholders 380.8 336.0 324.4  
Capital expenditures and asset acquisitions 945.8 754.4 483.8  
Equity method investments 0.0 0.0 0.0  
Total assets 7,316.0 6,404.7 5,320.6  
Corporate and other | Operating segments        
Segment information        
Operating revenues 0.0 0.1 0.5  
Fuel and purchased power 0.0 0.0 0.0  
Cost of natural gas sold 0.0 0.0 0.0  
Other operation and maintenance (11.3) 5.8 (12.9)  
Impairment related to ICC disallowances 0.0 0.0    
Depreciation and amortization 22.3 20.9 25.0  
Property and revenue taxes 0.3 0.2 0.1  
Equity in earnings of transmission affiliates 0.0 0.0 0.0  
Other income, net 54.4 53.3 14.6  
Interest expense 310.0 258.1 119.4  
Gain on debt extinguishments (23.1) (0.5)    
Income tax expense (benefit) (79.5) (68.3) (45.7)  
Preferred stock dividends of subsidiary 0.0 0.0 0.0  
Net (income) loss attributed to noncontrolling interests 0.0 0.0 0.0  
Net income (loss) attributed to common shareholders (164.3) (162.8) (70.8)  
Capital expenditures and asset acquisitions 20.6 25.8 16.3  
Equity method investments 67.0 61.3 59.1  
Total assets 1,037.3 1,100.1 774.0  
Public utilities        
Segment information        
Fuel and purchased power 1,455.7 1,615.9 1,881.4  
Cost of natural gas sold 1,237.2 1,614.9 2,511.5  
Other operation and maintenance 2,103.3 2,023.7 1,909.0  
Impairment related to ICC disallowances 12.1 178.9    
Depreciation and amortization 1,222.3 1,132.1 1,026.5  
Property and revenue taxes 250.5 233.5 244.5  
Equity in earnings of transmission affiliates 0.0 0.0 0.0  
Other income, net 154.5 144.9 116.5  
Interest expense 748.4 705.8 643.6  
Gain on debt extinguishments 0.0 0.0    
Income tax expense (benefit) 336.8 302.3 343.7  
Preferred stock dividends of subsidiary 1.2 1.2 1.2  
Net (income) loss attributed to noncontrolling interests 0.0 0.0 0.0  
Net income (loss) attributed to common shareholders 1,169.7 1,039.4 1,025.0  
Capital expenditures and asset acquisitions 2,808.4 2,727.7 2,196.8  
Equity method investments 15.7 14.4 13.6  
Total assets 40,437.5 38,069.0 37,124.6  
Public utilities | Wisconsin        
Segment information        
Gain on debt extinguishments   0.0    
Public utilities | Wisconsin | Operating segments        
Segment information        
Fuel and purchased power 1,455.7 1,615.9 1,881.4  
Cost of natural gas sold 661.9 894.7 1,327.4  
Other operation and maintenance 1,547.9 1,531.3 1,351.3  
Impairment related to ICC disallowances 0.0 0.0    
Depreciation and amortization 919.9 851.5 754.7  
Property and revenue taxes 169.6 179.2 182.6  
Equity in earnings of transmission affiliates 0.0 0.0 0.0  
Other income, net 146.6 137.6 99.9  
Interest expense 637.3 601.0 555.9  
Gain on debt extinguishments 0.0      
Income tax expense (benefit) 220.5 237.4 247.5  
Preferred stock dividends of subsidiary 1.2 1.2 1.2  
Net (income) loss attributed to noncontrolling interests 0.0 0.0 0.0  
Net income (loss) attributed to common shareholders 863.1 851.3 758.4  
Capital expenditures and asset acquisitions 2,347.1 2,134.4 1,610.8  
Equity method investments 15.7 14.4 13.6  
Total assets 30,622.7 28,527.3 27,384.0  
Public utilities | Illinois        
Segment information        
Gain on debt extinguishments   0.0    
Public utilities | Illinois | Operating segments        
Segment information        
Fuel and purchased power 0.0 0.0 0.0  
Cost of natural gas sold 376.7 443.0 792.5  
Other operation and maintenance 461.5 397.9 459.2  
Impairment related to ICC disallowances 12.1 178.9    
Depreciation and amortization 255.4 237.3 230.9  
Property and revenue taxes 59.9 29.9 38.6  
Equity in earnings of transmission affiliates 0.0 0.0 0.0  
Other income, net 7.6 6.7 14.1  
Interest expense 94.7 88.9 73.8  
Gain on debt extinguishments 0.0      
Income tax expense (benefit) 97.6 48.6 83.1  
Preferred stock dividends of subsidiary 0.0 0.0 0.0  
Net (income) loss attributed to noncontrolling interests 0.0 0.0 0.0  
Net income (loss) attributed to common shareholders 252.1 140.0 226.9  
Capital expenditures and asset acquisitions 343.0 489.8 484.9  
Equity method investments 0.0 0.0 0.0  
Total assets 8,168.8 7,970.2 8,101.0  
Public utilities | Other States        
Segment information        
Gain on debt extinguishments   0.0    
Public utilities | Other States | Operating segments        
Segment information        
Fuel and purchased power 0.0 0.0 0.0  
Cost of natural gas sold 198.6 277.2 391.6  
Other operation and maintenance 93.9 94.5 98.5  
Impairment related to ICC disallowances 0.0 0.0    
Depreciation and amortization 47.0 43.3 40.9  
Property and revenue taxes 21.0 24.4 23.3  
Equity in earnings of transmission affiliates 0.0 0.0 0.0  
Other income, net 0.3 0.6 2.5  
Interest expense 16.4 15.9 13.9  
Gain on debt extinguishments 0.0      
Income tax expense (benefit) 18.7 16.3 13.1  
Preferred stock dividends of subsidiary 0.0 0.0 0.0  
Net (income) loss attributed to noncontrolling interests 0.0 0.0 0.0  
Net income (loss) attributed to common shareholders 54.5 48.1 39.7  
Capital expenditures and asset acquisitions 118.3 103.5 101.1  
Equity method investments 0.0 0.0 0.0  
Total assets 1,646.0 1,571.5 1,639.6  
External revenues        
Segment information        
Operating revenues 8,599.9 8,893.0 9,597.4  
External revenues | Reconciling eliminations        
Segment information        
Operating revenues 0.0 0.0 0.0  
External revenues | Electric transmission | Operating segments        
Segment information        
Operating revenues 0.0 0.0 0.0  
External revenues | Non-Utility Energy Infrastructure | Operating segments        
Segment information        
Operating revenues 217.2 190.1 127.0  
External revenues | Corporate and other | Operating segments        
Segment information        
Operating revenues 0.0 0.1 0.5  
External revenues | Public utilities        
Segment information        
Operating revenues 8,382.7 8,702.8 9,469.9  
External revenues | Public utilities | Wisconsin | Operating segments        
Segment information        
Operating revenues 6,330.5 6,625.9 6,960.5  
External revenues | Public utilities | Illinois | Operating segments        
Segment information        
Operating revenues 1,602.4 1,557.8 1,890.9  
External revenues | Public utilities | Other States | Operating segments        
Segment information        
Operating revenues 449.8 519.1 618.5  
Intersegment revenues        
Segment information        
Operating revenues 0.0 0.0 0.0  
Intersegment revenues | Reconciling eliminations        
Segment information        
Operating revenues (474.1) (476.4) (463.0)  
Intersegment revenues | Electric transmission | Operating segments        
Segment information        
Operating revenues 0.0 0.0 0.0  
Intersegment revenues | Non-Utility Energy Infrastructure | Operating segments        
Segment information        
Operating revenues 474.1 476.4 463.0  
Intersegment revenues | Corporate and other | Operating segments        
Segment information        
Operating revenues 0.0 0.0 0.0  
Intersegment revenues | Public utilities        
Segment information        
Operating revenues 0.0 0.0 0.0  
Intersegment revenues | Public utilities | Wisconsin | Operating segments        
Segment information        
Operating revenues 0.0 0.0 0.0  
Intersegment revenues | Public utilities | Illinois | Operating segments        
Segment information        
Operating revenues 0.0 0.0 0.0  
Intersegment revenues | Public utilities | Other States | Operating segments        
Segment information        
Operating revenues $ 0.0 0.0 0.0  
ATC        
Segment information        
Equity method investment, ownership interest (as a percent) 60.00%      
Equity method investments $ 2,085.1 1,980.8 1,884.6 $ 1,766.9
ATC | Electric transmission        
Segment information        
Equity method investment, ownership interest (as a percent) 60.00%      
ATC Holdco        
Segment information        
Equity method investment, ownership interest (as a percent) 75.00%      
Equity method investments $ 23.8 $ 25.1 $ 24.6 $ 22.5
ATC Holdco | Electric transmission        
Segment information        
Equity method investment, ownership interest (as a percent) 75.00%