CASH AND CASH EQUIVALENTS

3 Months Ended

Mar. 31, 2015

Cash and Cash Equivalents [Abstract]

CASH AND CASH EQUIVALENTS

Cash and Cash Equivalents

Short-term investments with an original maturity of three months or less are reported as cash equivalents.

Continuing Operations

Significant noncash transactions related to continuing operations were:

	Three Months Ended March 31
(Millions)	2015		2014
Construction costs funded through accounts payable	$	134.0	$	92.3
ITF fueling station sale financed with note receivable	2.8		—
Equity issued for employee stock ownership plan	—		1.7

At March 31, 2015, restricted cash of $12.5 million was recorded within other long-term assets on our balance sheet. This amount was held in the rabbi trust and represents a portion of the required funding for the rabbi trust that was triggered by the announcement of the proposed merger with Wisconsin Energy Corporation. See Note 2, Proposed Merger with Wisconsin Energy Corporation, for more information about the proposed merger. See Note 13, Employee Benefit Plans, for more information on the rabbi trust funding requirements.

Discontinued Operations

Significant noncash transactions and other information related to discontinued operations are disclosed below. There were no significant investing activities for the periods presented.

	Three Months Ended March 31
(Millions)	2015		2014
Operating Activities
Net unrealized gains on energy contracts	$	—	$	(19.6	)
Deferred income taxes and investment tax credits	—		11.5
Other	1.3		6.7