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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 9.8 $ 42.9
Accounts receivable and unbilled revenues, net of reserves of $162.8 and $193.5, respectively 1,669.3 1,503.2
Materials, supplies, and inventories 813.2 775.2
Prepaid Taxes 214.9 173.9
Other prepayments 82.6 76.8
Other 121.9 223.7
Current assets 2,911.7 2,795.7
Long-term assets    
Property, plant, and equipment, net of accumulated depreciation and amortization of $11,611.9 and $11,073.1, respectively 34,645.4 31,581.5
Regulatory assets (December 31, 2024 and December 31, 2023 include $76.5 and $85.9, respectively, related to WEPCo Environmental Trust) 3,339.7 3,249.8
Equity investment in transmission affiliates 2,108.9 2,005.9
Goodwill 3,052.8 3,052.8
Pension and OPEB assets 968.5 870.9
Other 336.2 383.1
Long-term assets 44,451.5 41,144.0
Total assets 47,363.2 43,939.7
Current liabilities    
Short-term debt 1,116.6 2,020.9
Current portion of long-term debt (December 31, 2024 and December 31, 2023 include $9.2 and $9.0, respectively, related to WEPCo Environmental Trust) 1,729.0 1,264.2
Accounts payable 1,137.1 896.6
Other 859.2 933.1
Current liabilities 4,841.9 5,114.8
Long-term liabilities    
Long-term debt (December 31, 2024 and December 31, 2023 include $76.4 and $85.3, respectively, related to WEPCo Environmental Trust) 17,178.1 15,366.9
Finance lease obligations 303.3 145.9
Deferred income taxes 5,514.7 4,918.5
Deferred revenue, net 334.6 356.4
Regulatory liabilities 3,958.0 3,697.7
Intangible liabilities 566.8 594.8
Environmental remediation liabilities 445.8 463.7
AROs 580.0 374.2
Other 838.1 835.3
Long-term liabilities 29,719.4 26,753.4
Commitments and contingencies (Note 24)
Common shareholders' equity    
Common stock – $0.01 par value; 650,000,000 shares authorized; 317,680,855 and 315,434,531 shares outstanding, respectively 3.2 3.2
Additional paid in capital 4,315.8 4,115.9
Retained earnings 8,083.8 7,612.8
Accumulated other comprehensive loss (7.8) (7.7)
Common shareholders' equity 12,395.0 11,724.2
Preferred stock of subsidiary 30.4 30.4
Noncontrolling interests 376.5 316.9
Total liabilities and equity $ 47,363.2 $ 43,939.7