v3.25.2
Revenue
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue
(4)
Revenue

 

The following tables depict the disaggregation of revenue, including intercompany revenue, from contracts with customers by customer type and timing of revenue recognition for each of the reportable segments for the three and six months ended June 30, 2025, and 2024. Sales tax and other similar taxes are excluded from revenues.

 

Three Months Ended June 30, 2025

Electric Utilities

 

Gas Utilities

 

Inter-segment Eliminations

 

Total

 

Customer types:

(in millions)

 

Retail

$

178.1

 

$

168.5

 

$

—

 

$

346.6

 

Transportation

 

—

 

 

42.1

 

 

(0.1

)

 

42.0

 

Wholesale

 

4.2

 

 

—

 

 

—

 

 

4.2

 

Market - off-system sales

 

10.7

 

 

0.1

 

 

—

 

 

10.8

 

Transmission

 

10.0

 

 

0.1

 

 

—

 

 

10.1

 

Other revenues

 

15.6

 

 

10.2

 

 

(3.8

)

 

22.0

 

Revenue from contracts with customers

$

218.6

 

$

221.0

 

$

(3.9

)

$

435.7

 

Alternative revenue and other

 

1.3

 

 

2.0

 

 

—

 

 

3.3

 

Total revenues

$

219.9

 

$

223.0

 

$

(3.9

)

$

439.0

 

 

 

 

 

 

 

 

 

Timing of revenue recognition:

 

 

 

 

 

 

 

 

Services transferred at a point in time

$

9.1

 

$

—

 

$

—

 

$

9.1

 

Services transferred over time

 

209.5

 

 

221.0

 

 

(3.9

)

 

426.6

 

Revenue from contracts with customers

$

218.6

 

$

221.0

 

$

(3.9

)

$

435.7

 

 

Three Months Ended June 30, 2024

Electric Utilities

 

Gas Utilities

 

Inter-segment Eliminations

 

Total

 

Customer types:

(in millions)

 

Retail

$

163.4

 

$

152.9

 

$

—

 

$

316.3

 

Transportation

 

—

 

 

36.0

 

 

(0.2

)

 

35.8

 

Wholesale

 

6.5

 

 

—

 

 

—

 

 

6.5

 

Market - off-system sales

 

5.5

 

 

—

 

 

—

 

 

5.5

 

Transmission

 

12.9

 

 

0.1

 

 

—

 

 

13.0

 

Other revenues

 

14.4

 

 

9.9

 

 

(4.3

)

 

20.0

 

Revenue from contracts with customers

$

202.7

 

$

198.9

 

$

(4.5

)

$

397.1

 

Alternative revenue and other

 

2.4

 

 

3.1

 

 

—

 

 

5.5

 

Total revenues

$

205.1

 

$

202.0

 

$

(4.5

)

$

402.6

 

 

 

 

 

 

 

 

 

Timing of revenue recognition:

 

 

 

 

 

 

 

 

Services transferred at a point in time

$

7.8

 

$

—

 

$

—

 

$

7.8

 

Services transferred over time

 

194.9

 

 

198.9

 

 

(4.5

)

 

389.3

 

Revenue from contracts with customers

$

202.7

 

$

198.9

 

$

(4.5

)

$

397.1

 

 

Six Months Ended June 30, 2025

Electric Utilities

 

Gas Utilities

 

Inter-segment Eliminations

 

Total

 

Customer types:

(in millions)

 

Retail

$

369.3

 

$

668.3

 

$

—

 

$

1,037.6

 

Transportation

 

—

 

 

99.8

 

 

(0.2

)

 

99.6

 

Wholesale

 

11.3

 

 

—

 

 

—

 

 

11.3

 

Market - off-system sales

 

22.0

 

 

0.1

 

 

—

 

 

22.1

 

Transmission

 

22.2

 

 

0.3

 

 

—

 

 

22.5

 

Other revenues

 

29.4

 

 

21.2

 

 

(7.6

)

 

43.0

 

Revenue from contracts with customers

$

454.2

 

$

789.7

 

$

(7.8

)

$

1,236.1

 

Alternative revenue and other

 

2.4

 

 

5.7

 

 

—

 

 

8.1

 

Total revenues

$

456.6

 

$

795.4

 

$

(7.8

)

$

1,244.2

 

 

 

 

 

 

 

 

 

Timing of revenue recognition:

 

 

 

 

 

 

 

 

Services transferred at a point in time

$

17.2

 

$

—

 

$

—

 

$

17.2

 

Services transferred over time

 

437.0

 

 

789.7

 

 

(7.8

)

 

1,218.9

 

Revenue from contracts with customers

$

454.2

 

$

789.7

 

$

(7.8

)

$

1,236.1

 

 

Six Months Ended June 30, 2024

Electric Utilities

 

Gas Utilities

 

Inter-segment Eliminations

 

Total

 

Customer types:

(in millions)

 

Retail

$

343.0

 

$

590.3

 

$

—

 

$

933.3

 

Transportation

 

—

 

 

87.6

 

 

(0.2

)

 

87.4

 

Wholesale

 

15.0

 

 

—

 

 

—

 

 

15.0

 

Market - off-system sales

 

12.0

 

 

—

 

 

—

 

 

12.0

 

Transmission

 

25.6

 

 

0.4

 

 

—

 

 

26.0

 

Other revenues

 

28.5

 

 

20.8

 

 

(8.7

)

 

40.6

 

Revenue from contracts with customers

$

424.1

 

$

699.1

 

$

(8.9

)

$

1,114.3

 

Alternative revenue and other

 

3.2

 

 

11.5

 

 

—

 

 

14.7

 

Total revenues

$

427.3

 

$

710.6

 

$

(8.9

)

$

1,129.0

 

 

 

 

 

 

 

 

 

Timing of revenue recognition:

 

 

 

 

 

 

 

 

Services transferred at a point in time

$

16.5

 

$

—

 

$

—

 

$

16.5

 

Services transferred over time

 

407.6

 

 

699.1

 

 

(8.9

)

 

1,097.8

 

Revenue from contracts with customers

$

424.1

 

$

699.1

 

$

(8.9

)

$

1,114.3