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SUPPLEMENTAL CASH FLOW INFORMATION
 6 Months Ended
Jun. 30, 2025
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]  
SUPPLEMENTAL CASH FLOW INFORMATION SUPPLEMENTAL CASH FLOW INFORMATION
Six Months Ended June 30
(in millions)20252024
Cash paid for interest, net of amount capitalized$429.2 $377.7 
Cash received for income taxes, net (1) (2)
(133.2)(172.8)
Significant non-cash investing and financing transactions:
Accounts payable related to construction costs153.9 167.1 
Common stock issued for stock-based compensation plans3.2 6.4 
Increase (decrease) in receivables related to property damage insurance proceeds(1.4)2.2 
Liabilities accrued for software licensing agreements20.7 — 

(1)    Cash received for income taxes in 2025 and 2024 includes $113.0 million related to 2024 and 2025 PTCs and $173.0 million related to 2023 and 2024 PTCs, respectively, that were sold to third parties.

(2)    Cash received for income taxes in 2025 includes a $25.0 million tax refund received in Wisconsin.

Restricted Cash

The statements of cash flows include our activity related to cash, cash equivalents, and restricted cash. The following table reconciles the cash, cash equivalents, and restricted cash amounts reported within the balance sheets to the total of these amounts shown on the statements of cash flows:
(in millions)June 30, 2025December 31, 2024
Cash and cash equivalents$23.0 $9.8 
Restricted cash included in other current assets11.7 5.3 
Restricted cash included in other long-term assets34.5 27.1 
Cash, cash equivalents, and restricted cash$69.2 $42.2 

Our restricted cash primarily consisted of the following:

•Cash held in the Integrys rabbi trust, which is used to fund participants' benefits under the Integrys deferred compensation plan and certain Integrys non-qualified pension plans.

•Cash on deposit in financial institutions that is restricted to satisfy the requirements of certain debt agreements at WEC Infrastructure Wind Holding I LLC, WEC Infrastructure Wind Holding II LLC, WECI Energy Holding III, and WEPCo Environmental Trust.

•Cash related to WECI's ownership interests in certain renewable generation projects. These projects are required to deposit into an escrow account in order to fund future decommissioning.