v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net income $ 165.2 $ 156.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 139.0 132.5
Deferred financing cost amortization 4.3 5.5
Stock compensation 5.7 5.4
Deferred income taxes 37.5 36.6
Employee benefit plans 5.6 5.6
Other adjustments, net 2.9 (4.0)
Changes in certain operating assets and liabilities:    
Materials, supplies and fuel 8.4 29.0
Accounts receivable and other current assets 84.8 117.1
Accounts payable and other current liabilities (93.3) (77.4)
Regulatory assets 57.9 69.8
Other operating activities, net (1.6) (12.3)
Net cash provided by operating activities 416.4 464.0
Investing activities:    
Property, plant and equipment additions (371.8) (342.4)
Other investing activities (4.4) 1.7
Net cash (used in) investing activities (376.2) (340.7)
Financing activities:    
Dividends paid on common stock (97.6) (89.3)
Common stock issued 65.0 73.0
Net borrowings (payments) of Revolving Credit Facility and CP Program (10.1) 0.0
Long-term debt - issuance 0.0 450.0
Distributions to non-controlling interests (3.8) (10.0)
Other financing activities (1.3) (8.3)
Net cash provided by (used in) financing activities (47.8) 415.4
Net change in cash, restricted cash and cash equivalents (7.6) 538.7
Cash, restricted cash and cash equivalents beginning of period 23.4 93.0
Cash, restricted cash and cash equivalents end of period 15.8 631.7
Supplemental cash flow information:    
Interest (net of amounts capitalized) (100.8) (89.5)
Income taxes, net of transferred tax credits (Note 11) 13.9 14.7
Accrued property, plant, and equipment purchases at June 30, $ 78.5 $ 73.0