v3.25.4
Other Comprehensive Income (Tables)
12 Months Ended
Dec. 31, 2025
Statement of Comprehensive Income [Abstract]  
Reclassification out of Accumulated Other Comprehensive Income

The following table details reclassifications out of AOCI and into Net income. The amounts in parentheses below indicate decreases to Net income in the Consolidated Statements of Income for the period, net of tax:

 

Location on the Consolidated

Amount Reclassified from AOCI

 

 

Statements of Income

December 31, 2025

 

December 31, 2024

 

 

 

(in millions)

 

Gains and (losses) on cash flow hedges:

 

 

 

 

 

Interest rate swaps

Interest expense

$

(2.9

)

$

(2.9

)

Commodity contracts

Fuel, purchased power, and cost of natural gas sold

 

(1.0

)

 

(3.5

)

 

 

(3.9

)

 

(6.4

)

Income tax

Income tax benefit (expense)

 

0.9

 

 

1.4

 

Total reclassification adjustments related to cash flow hedges, net of tax

 

$

(3.0

)

$

(5.0

)

 

 

 

 

 

Amortization of components of defined benefit plans:

 

 

 

 

 

Prior service cost

Operations and maintenance

$

 

$

 

 

 

 

 

 

Actuarial gain (loss)

Operations and maintenance

 

0.8

 

 

(0.2

)

 

 

0.8

 

 

(0.2

)

Income tax

Income tax benefit (expense)

 

(0.2

)

 

0.1

 

Total reclassification adjustments related to defined benefit plans, net of tax

 

$

0.6

 

$

(0.1

)

 

 

 

 

 

Total reclassifications

 

$

(2.4

)

$

(5.1

)

 

Schedule of Accumulated Other Comprehensive Income (Loss)

Balances by classification included within AOCI, net of tax on the accompanying Consolidated Balance Sheets were as follows:

 

Derivatives Designated as
Cash Flow Hedges

 

 

 

 

 

Interest Rate Swaps

 

Commodity Derivatives

 

Employee Benefit Plans

 

Total

 

 

(in millions)

 

As of December 31, 2023

$

(6.1

)

$

(2.5

)

$

(6.2

)

$

(14.8

)

Other comprehensive income (loss)

 

 

 

 

 

 

 

 

before reclassifications

 

 

 

(0.5

)

 

0.8

 

 

0.3

 

Amounts reclassified from AOCI

 

2.3

 

 

2.7

 

 

0.1

 

 

5.1

 

As of December 31, 2024

$

(3.8

)

$

(0.3

)

$

(5.3

)

$

(9.4

)

Other comprehensive income (loss)

 

 

 

 

 

 

 

 

before reclassifications

 

 

 

(2.7

)

 

 

 

(2.7

)

Amounts reclassified from AOCI

 

2.2

 

 

0.8

 

 

(0.6

)

 

2.4

 

As of December 31, 2025

$

(1.6

)

$

(2.2

)

$

(5.9

)

$

(9.7

)