v3.25.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Information

(millions)

 

 

 

 

 

Three months ended June 30,

2025

 

 

2024

 

Revenues

$

839

 

 

$

672

 

Less:

 

 

 

 

 

Fuel

 

120

 

 

 

131

 

Purchased power

 

68

 

 

 

35

 

Operations & maintenance, excluding FPSC-approved regulatory deferrals

 

100

 

 

 

96

 

Operations & maintenance related to FPSC-approved regulatory deferrals

 

106

 

 

 

46

 

Depreciation and amortization

 

124

 

 

 

113

 

Interest charges

 

52

 

 

 

47

 

Other segment items (1)

 

48

 

 

 

50

 

Provision for income taxes

 

33

 

 

 

18

 

Net income

$

188

 

 

$

136

 

Capital expenditures

$

459

 

 

$

339

 

 

 

 

 

 

 

Six months ended June 30,

 

 

 

 

 

Revenues

$

1,488

 

 

$

1,220

 

Less:

 

 

 

 

 

Fuel

 

243

 

 

 

264

 

Purchased power

 

106

 

 

 

43

 

Operations & maintenance, excluding FPSC-approved regulatory deferrals

 

197

 

 

 

191

 

Operations & maintenance related to FPSC-approved regulatory deferrals

 

151

 

 

 

85

 

Depreciation and amortization

 

246

 

 

 

225

 

Interest charges

 

104

 

 

 

96

 

Other segment items (1)

 

88

 

 

 

91

 

Provision for income taxes

 

51

 

 

 

26

 

Net income

$

302

 

 

$

199

 

Capital expenditures

$

768

 

 

$

607

 

 

 

 

 

 

 

Total assets at June 30, 2025

$

13,730

 

 

 

 

Total assets at December 31, 2024

$

13,107

 

 

 

 

 

(1)
Other segment items include taxes other than income, partially offset by AFUDC and other income, net.