INVESTMENT IN ATC

9 Months Ended

Sep. 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 September 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 September 30				Nine Months Ended September 30
(Millions)	2014		2013		2014		2013
Balance at the beginning of period	$	527.3	$	492.2	$	508.4	$	476.6
Add: Earnings from equity method investment	23.4		22.3		68.9		66.0
Add: Capital contributions	3.4		3.4		13.6		10.2
Less: Dividends received	18.5		17.8		55.3		52.7
Balance at the end of period	$	535.6	$	500.1	$	535.6	$	500.1

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

	Three Months Ended September 30				Nine Months Ended September 30
(Millions)	2014		2013		2014		2013
Income statement data
Revenues	$	163.7	$	160.4	$	487.0	$	464.3
Operating expenses	76.6		77.5		229.6		217.2
Other expense	21.6		20.2		65.1		62.6
Net income	$	65.5	$	62.7	$	192.3	$	184.5

(Millions)	September 30, 2014		December 31, 2013
Balance sheet data
Current assets	$	72.6	$	80.7
Noncurrent assets	3,686.8		3,509.5
Total assets	$	3,759.4	$	3,590.2
Current liabilities	$	455.9	$	381.5
Long-term debt	1,550.0		1,550.0
Other noncurrent liabilities	140.5		126.1
Shareholders’ equity	1,613.0		1,532.6
Total liabilities and shareholders’ equity	$	3,759.4	$	3,590.2