INVESTMENT IN ATC

6 Months Ended

Jun. 30, 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 June 30, 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 June 30				Six Months Ended June 30
(Millions)	2014		2013		2014		2013
Balance at the beginning of period	$	517.6	$	482.7	$	508.4	$	476.6
Add: Earnings from equity method investment	23.0		22.0		45.5		43.7
Add: Capital contributions	5.1		5.1		10.2		6.8
Less: Dividends received	18.4		17.6		36.8		34.9
Balance at the end of period	$	527.3	$	492.2	$	527.3	$	492.2

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

	Three Months Ended June 30				Six Months Ended June 30
(Millions)	2014		2013		2014		2013
Income statement data
Revenues	$	160.0	$	152.1	$	323.3	$	303.9
Operating expenses	74.4		69.9		153.0		139.7
Other expense	21.9		20.9		43.5		42.4
Net income	$	63.7	$	61.3	$	126.8	$	121.8

(Millions)	June 30, 2014		December 31, 2013
Balance sheet data
Current assets	$	80.6	$	80.7
Noncurrent assets	3,612.7		3,509.5
Total assets	$	3,693.3	$	3,590.2
Current liabilities	$	419.8	$	381.5
Long-term debt	1,550.0		1,550.0
Other noncurrent liabilities	135.3		126.1
Shareholders’ equity	1,588.2		1,532.6
Total liabilities and shareholders’ equity	$	3,693.3	$	3,590.2