| 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 years ended December 31, 2025, 2024, and 2023. Sales tax and other similar taxes are excluded from revenues.
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Year ended December 31, 2025 |
Electric Utilities |
|
Gas Utilities |
|
Inter-segment Eliminations |
|
Total |
|
Customer types: |
(in millions) |
|
Retail |
$ |
760.4 |
|
$ |
1,124.9 |
|
$ |
— |
|
$ |
1,885.3 |
|
Transportation |
|
— |
|
|
194.4 |
|
|
(0.4 |
) |
|
194.0 |
|
Wholesale |
|
21.7 |
|
|
— |
|
|
— |
|
|
21.7 |
|
Market - off-system sales |
|
51.9 |
|
|
0.2 |
|
|
— |
|
|
52.1 |
|
Transmission |
|
45.2 |
|
|
0.6 |
|
|
— |
|
|
45.8 |
|
Other revenues |
|
59.3 |
|
|
43.2 |
|
|
(15.2 |
) |
|
87.3 |
|
Revenue from contracts with customers |
|
938.5 |
|
|
1,363.3 |
|
|
(15.6 |
) |
|
2,286.2 |
|
Alternative revenue and other |
|
4.3 |
|
|
19.5 |
|
|
— |
|
|
23.8 |
|
Total revenues |
$ |
942.8 |
|
$ |
1,382.8 |
|
$ |
(15.6 |
) |
$ |
2,310.0 |
|
|
|
|
|
|
|
|
|
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Timing of revenue recognition: |
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|
|
|
|
|
|
|
Services transferred at a point in time |
$ |
34.9 |
|
$ |
— |
|
$ |
— |
|
$ |
34.9 |
|
Services transferred over time |
|
903.6 |
|
|
1,363.3 |
|
|
(15.6 |
) |
|
2,251.3 |
|
Revenue from contracts with customers |
$ |
938.5 |
|
$ |
1,363.3 |
|
$ |
(15.6 |
) |
$ |
2,286.2 |
|
|
|
|
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|
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|
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Year ended December 31, 2024 |
Electric Utilities |
|
Gas Utilities |
|
Inter-segment Eliminations |
|
Total |
|
Customer types: |
(in millions) |
|
Retail |
$ |
698.6 |
|
$ |
1,022.6 |
|
$ |
— |
|
$ |
1,721.2 |
|
Transportation |
|
— |
|
|
178.2 |
|
|
(0.4 |
) |
|
177.8 |
|
Wholesale |
|
26.8 |
|
|
— |
|
|
— |
|
|
26.8 |
|
Market - off-system sales |
|
34.8 |
|
|
0.1 |
|
|
— |
|
|
34.9 |
|
Transmission |
|
52.2 |
|
|
0.7 |
|
|
— |
|
|
52.9 |
|
Other revenues |
|
58.7 |
|
|
43.1 |
|
|
(17.4 |
) |
|
84.4 |
|
Revenue from contracts with customers |
|
871.1 |
|
|
1,244.7 |
|
|
(17.8 |
) |
|
2,098.0 |
|
Alternative revenue and other |
|
5.0 |
|
|
24.7 |
|
|
— |
|
|
29.7 |
|
Total revenues |
$ |
876.1 |
|
$ |
1,269.4 |
|
$ |
(17.8 |
) |
$ |
2,127.7 |
|
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|
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|
|
|
|
|
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Timing of revenue recognition: |
|
|
|
|
|
|
|
|
Services transferred at a point in time |
$ |
34.7 |
|
$ |
— |
|
$ |
— |
|
$ |
34.7 |
|
Services transferred over time |
|
836.4 |
|
|
1,244.7 |
|
|
(17.8 |
) |
|
2,063.3 |
|
Revenue from contracts with customers |
$ |
871.1 |
|
$ |
1,244.7 |
|
$ |
(17.8 |
) |
$ |
2,098.0 |
|
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|
Year ended December 31, 2023 |
Electric Utilities |
|
Gas Utilities |
|
Inter-segment Eliminations |
|
Total |
|
Customer types: |
(in millions) |
|
Retail |
$ |
666.1 |
|
$ |
1,248.8 |
|
$ |
— |
|
$ |
1,914.9 |
|
Transportation |
|
— |
|
|
176.8 |
|
|
(0.5 |
) |
|
176.3 |
|
Wholesale |
|
34.2 |
|
|
— |
|
|
— |
|
|
34.2 |
|
Market - off-system sales |
|
50.9 |
|
|
0.4 |
|
|
— |
|
|
51.3 |
|
Transmission |
|
47.1 |
|
|
0.7 |
|
|
— |
|
|
47.8 |
|
Other revenues |
|
55.9 |
|
|
38.7 |
|
|
(17.4 |
) |
|
77.2 |
|
Revenue from contracts with customers |
|
854.2 |
|
|
1,465.4 |
|
|
(17.9 |
) |
|
2,301.7 |
|
Alternative revenue and other |
|
10.8 |
|
|
18.8 |
|
|
— |
|
|
29.6 |
|
Total revenues |
$ |
865.0 |
|
$ |
1,484.2 |
|
$ |
(17.9 |
) |
$ |
2,331.3 |
|
|
|
|
|
|
|
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Timing of revenue recognition: |
|
|
|
|
|
|
|
|
Services transferred at a point in time |
$ |
31.5 |
|
$ |
— |
|
$ |
— |
|
$ |
31.5 |
|
Services transferred over time |
|
822.7 |
|
|
1,465.4 |
|
|
(17.9 |
) |
|
2,270.2 |
|
Revenue from contracts with customers |
$ |
854.2 |
|
$ |
1,465.4 |
|
$ |
(17.9 |
) |
$ |
2,301.7 |
|
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