INVESTMENT IN ATC

3 Months Ended

Mar. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

INVESTMENT IN ATC

Investment in ATC

Our electric transmission investment segment consists of WPS Investments LLC’s ownership interest in ATC, which was approximately 34% at March 31, 2014. ATC is a for-profit, transmission-only company regulated by FERC.

The following table shows changes to our investment in ATC:

	Three Months Ended March 31
(Millions)	2014		2013
Balance at the beginning of period	$	508.4	$	476.6
Add: Earnings from equity method investment	22.5		21.7
Add: Capital contributions	5.1		1.7
Less: Dividends received	18.4		17.3
Balance at the end of period	$	517.6	$	482.7

Financial data for all of ATC is included in the following tables:

	Three Months Ended March 31
(Millions)	2014		2013
Income statement data
Revenues	$	163.3	$	151.8
Operating expenses	78.6		69.8
Other expense	21.6		21.5
Net income	$	63.1	$	60.5

(Millions)	March 31, 2014		December 31, 2013
Balance sheet data
Current assets	$	79.2	$	80.7
Noncurrent assets	3,563.9		3,509.5
Total assets	$	3,643.1	$	3,590.2
Current liabilities	$	301.4	$	381.5
Long-term debt	1,650.0		1,550.0
Other noncurrent liabilities	131.2		126.1
Shareholders’ equity	1,560.5		1,532.6
Total liabilities and shareholders’ equity	$	3,643.1	$	3,590.2