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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 23.0 $ 9.8
Accounts receivable and unbilled revenues, net of reserves of $142.2 and $162.8, respectively 1,496.4 1,669.3
Materials, supplies, and inventories 703.0 813.2
Prepaid taxes 209.0 214.9
Other prepayments 51.4 82.6
Other 116.3 121.9
Current assets 2,599.1 2,911.7
Long-term assets    
Property, plant, and equipment, net of accumulated depreciation and amortization of $12,025.9 and $11,611.9, respectively 36,060.8 34,645.4
Regulatory assets (June 30, 2025 and December 31, 2024 include $72.2 and $76.5, respectively, related to WEPCo Environmental Trust) 3,231.8 3,339.7
Equity investment in transmission affiliates 2,200.1 2,108.9
Goodwill 3,052.8 3,052.8
Pension and OPEB assets 1,000.4 968.5
Other 379.3 336.2
Long-term assets 45,925.2 44,451.5
Total assets 48,524.3 47,363.2
Current liabilities    
Short-term debt 810.3 1,116.6
Current portion of long-term debt (June 30, 2025 and December 31, 2024 include $9.2, related to WEPCo Environmental Trust) 2,250.4 1,729.0
Accounts payable 816.5 1,137.1
Other 820.4 859.2
Current liabilities 4,697.6 4,841.9
Long-term liabilities    
Long-term debt (June 30, 2025 and December 31, 2024 include $71.9 and $76.4, respectively, related to WEPCo Environmental Trust) 17,110.4 17,178.1
Long-term lease liabilities 361.8 303.3
Deferred income taxes 5,739.5 5,514.7
Deferred revenue, net 323.9 334.6
Regulatory liabilities 4,039.0 3,958.0
Intangible liabilities 609.7 566.8
Environmental remediation liabilities 438.9 445.8
AROs 616.4 580.0
Other 917.0 838.1
Long-term liabilities 30,156.6 29,719.4
Commitments and contingencies (Note 21)
Common shareholders' equity    
Common stock – $0.01 par value; 650,000,000 shares authorized; 321,866,395 and $317,680,855 shares outstanding, respectively 3.2 3.2
Additional paid in capital 4,743.1 4,315.8
Retained earnings 8,484.7 8,083.8
Accumulated other comprehensive loss (7.9) (7.8)
Common shareholders' equity 13,223.1 12,395.0
Preferred stock of subsidiary 30.4 30.4
Noncontrolling interests 416.6 376.5
Total liabilities and equity $ 48,524.3 $ 47,363.2