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SEGMENTS OF BUSINESS (Tables)
6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Schedule of information related to reportable segments
The tables below present information related to our reportable segments:
 
 
Regulated Operations
 
Nonutility and Nonregulated Operations
 
 
 
 
(Millions)
 
Natural Gas
Utility
 
Electric
Utility
 
Electric
Transmission
Investment
 
Total
Regulated
Operations
 
IES
 
Holding
Company
and Other
 
Reconciling
Eliminations
 
Integrys
Energy Group
Consolidated
Three Months Ended
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
493.5

 
$
312.6

 
$

 
$
806.1

 
$
600.0

 
$
26.5

 
$

 
$
1,432.6

Intersegment revenues
 
2.8

 

 

 
2.8

 
0.4

 
0.3

 
(3.5
)
 

Goodwill impairment loss
 

 

 

 

 
6.7

 

 

 
6.7

Merger transaction costs
 

 

 

 

 

 
5.9

 

 
5.9

Transaction costs related to pending sale of UPPCO
 

 

 

 

 

 
0.9

 

 
0.9

Transaction costs related to pending sale of IES retail energy business
 

 

 

 

 

 
0.8

 

 
0.8

Depreciation and amortization expense
 
36.9

 
26.3

 

 
63.2

 
3.0

 
6.9

 
(0.2
)
 
72.9

Earnings from equity method investments
 

 

 
23.0

 
23.0

 
0.8

 
0.1

 

 
23.9

Miscellaneous income (expense)
 
(0.4
)
 
2.8

 

 
2.4

 
0.4

 
5.4

 
(3.2
)
 
5.0

Interest expense
 
13.2

 
12.1

 

 
25.3

 
0.5

 
16.1

 
(3.2
)
 
38.7

Provision (benefit) for income taxes
 
(7.3
)
 
11.0

 
9.2

 
12.9

 
2.4

 
(7.1
)
 

 
8.2

Net income (loss) from continuing operations
 
(10.5
)
 
17.8

 
13.8

 
21.1

 
(1.5
)
 
(11.5
)
 

 
8.1

Discontinued operations
 

 

 

 

 
(0.1
)
 

 

 
(0.1
)
Preferred stock dividends of subsidiary
 
(0.1
)
 
(0.7
)
 

 
(0.8
)
 

 

 

 
(0.8
)
Net income (loss) attributed to common shareholders
 
(10.6
)
 
17.1

 
13.8

 
20.3

 
(1.6
)
 
(11.5
)
 

 
7.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Regulated Operations
 
Nonutility and Nonregulated Operations
 
 
 
 
(Millions)
 
Natural Gas
Utility
 
Electric
Utility
 
Electric
Transmission
Investment
 
Total
Regulated
Operations
 
IES
 
Holding
Company
and Other
 
Reconciling
Eliminations
 
Integrys
Energy Group
Consolidated
Three Months Ended
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

June 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
367.4

 
$
327.0

 
$

 
$
694.4

 
$
412.6

 
$
9.0

 
$

 
$
1,116.0

Intersegment revenues
 
2.5

 

 

 
2.5

 
0.3

 
0.3

 
(3.1
)
 

Depreciation and amortization expense
 
32.3

 
25.8

 

 
58.1

 
2.8

 
4.8

 
(0.2
)
 
65.5

Earnings from equity method investments
 

 

 
22.0

 
22.0

 
0.5

 
0.3

 

 
22.8

Miscellaneous income
 
0.2

 
2.2

 

 
2.4

 
1.4

 
5.1

 
(3.4
)
 
5.5

Interest expense
 
11.9

 
8.5

 

 
20.4

 
0.5

 
11.1

 
(3.4
)
 
28.6

Provision (benefit) for income taxes
 
(0.7
)
 
15.7

 
8.4

 
23.4

 
(22.2
)
 
(4.5
)
 

 
(3.3
)
Net income (loss) from continuing operations
 
1.7

 
24.3

 
13.6

 
39.6

 
(41.1
)
 
(2.4
)
 

 
(3.9
)
Discontinued operations
 

 

 

 

 
(0.7
)
 
(0.1
)
 

 
(0.8
)
Preferred stock dividends of subsidiary
 
(0.2
)
 
(0.6
)
 

 
(0.8
)
 

 

 

 
(0.8
)
Noncontrolling interest in subsidiaries
 

 

 

 

 

 
0.1

 

 
0.1

Net income (loss) attributed to common shareholders
 
1.5

 
23.7

 
13.6

 
38.8

 
(41.8
)
 
(2.4
)
 

 
(5.4
)

 
 
Regulated Operations
 
Nonutility and Nonregulated Operations
 
 
 
 
(Millions)
 
Natural Gas
Utility
 
Electric
Utility
 
Electric
Transmission
Investment
 
Total
Regulated
Operations
 
IES
 
Holding
Company
and Other
 
Reconciling
Eliminations
 
Integrys
Energy Group
Consolidated
Six Months Ended
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
1,761.0

 
$
661.8

 
$

 
$
2,422.8

 
$
1,889.6

 
$
45.1

 
$

 
$
4,357.5

Intersegment revenues
 
7.3

 

 

 
7.3

 
3.0

 
0.7

 
(11.0
)
 

Goodwill impairment loss
 

 

 

 

 
6.7

 

 

 
6.7

Merger transaction costs
 

 

 

 

 

 
5.9

 

 
5.9

Transaction costs related to pending sale of UPPCO
 

 

 

 

 

 
0.9

 

 
0.9

Transaction costs related to pending sale of IES retail energy business
 

 

 

 

 

 
0.8

 

 
0.8

Depreciation and amortization expense
 
73.3

 
51.9

 

 
125.2

 
5.9

 
13.4

 
(0.3
)
 
144.2

Earnings from equity method investments
 

 

 
45.5

 
45.5

 
0.9

 
0.4

 

 
46.8

Miscellaneous income (expense)
 
(0.1
)
 
6.3

 

 
6.2

 
0.7

 
10.8

 
(6.7
)
 
11.0

Interest expense
 
26.6

 
23.8

 

 
50.4

 
1.0

 
33.1

 
(6.7
)
 
77.8

Provision (benefit) for income taxes
 
59.4

 
29.1

 
18.0

 
106.5

 
8.3

 
(16.8
)
 

 
98.0

Net income (loss) from continuing operations
 
88.7

 
49.6

 
27.5

 
165.8

 
9.4

 
(13.9
)
 

 
161.3

Discontinued operations
 

 

 

 

 
(0.2
)
 

 

 
(0.2
)
Preferred stock dividends of subsidiary
 
(0.2
)
 
(1.4
)
 

 
(1.6
)
 

 

 

 
(1.6
)
Noncontrolling interest in subsidiaries
 

 

 

 

 

 
0.1

 

 
0.1

Net income (loss) attributed to common shareholders
 
88.5

 
48.2

 
27.5

 
164.2

 
9.2

 
(13.8
)
 

 
159.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Regulated Operations
 
Nonutility and Nonregulated Operations
 
 
 
 
(Millions)
 
Natural Gas
Utility
 
Electric
Utility
 
Electric
Transmission
Investment
 
Total
Regulated
Operations
 
IES
 
Holding
Company
and Other
 
Reconciling
Eliminations
 
Integrys
Energy Group
Consolidated
Six Months Ended
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

June 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
1,159.4

 
$
658.8

 
$

 
$
1,818.2

 
$
958.0

 
$
18.0

 
$

 
$
2,794.2

Intersegment revenues
 
4.4

 

 

 
4.4

 
0.6

 
0.7

 
(5.7
)
 

Depreciation and amortization expense
 
64.5

 
47.3

 

 
111.8

 
5.5

 
9.4

 
(0.3
)
 
126.4

Earnings from equity method investments
 

 

 
43.7

 
43.7

 
0.7

 
0.7

 

 
45.1

Miscellaneous income
 
0.4

 
3.8

 

 
4.2

 
1.8

 
12.3

 
(7.1
)
 
11.2

Interest expense
 
24.6

 
17.6

 

 
42.2

 
1.0

 
21.8

 
(7.1
)
 
57.9

Provision (benefit) for income taxes
 
62.6

 
31.8

 
16.7

 
111.1

 
5.1

 
(9.9
)
 

 
106.3

Net income (loss) from continuing operations
 
91.5

 
53.6

 
27.0

 
172.1

 
10.2

 
(4.0
)
 

 
178.3

Discontinued operations
 

 

 

 

 
(0.6
)
 
5.9

 

 
5.3

Preferred stock dividends of subsidiary
 
(0.3
)
 
(1.3
)
 

 
(1.6
)
 

 

 

 
(1.6
)
Noncontrolling interest in subsidiaries
 

 

 

 

 

 
0.1

 

 
0.1

Net income attributed to common shareholders
 
91.2

 
52.3

 
27.0

 
170.5

 
9.6

 
2.0

 

 
182.1