v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 182.8 $ 16.1
Restricted cash and equivalents 7.6 7.3
Accounts receivable, net 389.0 351.2
Materials, supplies and fuel 172.4 153.9
Income tax receivable, net 23.3 19.8
Regulatory assets, current 139.7 154.8
Other current assets 81.1 39.2
Total current assets 995.9 742.3
Property, plant and equipment 10,344.9 9,566.5
Less accumulated depreciation and depletion (2,110.7) (1,936.6)
Total property, plant and equipment, net 8,234.2 7,629.9
Other assets:    
Goodwill 1,299.5 1,299.5
Intangible assets, net 6.4 7.6
Regulatory assets, non-current 255.0 272.9
Other assets, non-current 78.8 70.4
Total other assets, non-current 1,639.7 1,650.4
TOTAL ASSETS 10,869.8 10,022.6
Current liabilities:    
Accounts payable 311.7 229.1
Accrued liabilities 322.6 302.2
Derivative liabilities, current 5.8 4.2
Regulatory liabilities, current 99.9 94.1
Notes payable 0.0 133.8
Total current liabilities 740.0 763.4
Long-term debt, net of current maturities 4,701.1 4,250.2
Deferred credits and other liabilities:    
Deferred income tax liabilities, net 697.9 625.1
Regulatory liabilities, non-current 488.3 474.6
Benefit plan liabilities 123.4 122.9
Other deferred credits and other liabilities 213.4 201.2
Total deferred credits and other liabilities 1,523.0 1,423.8
Commitments, contingencies and guarantees (Note 3)
Equity:    
Common stock $1.00 par value; 100,000,000 shares authorized; issued: 75,520,234 and 71,676,756, respectively 75.5 71.7
Additional paid-in capital 2,417.5 2,193.4
Retained earnings 1,342.9 1,249.1
Treasury stock at cost - 43,167 and 56,608, respectively (2.6) (3.3)
Accumulated other comprehensive income (loss) (9.7) (9.4)
Total stockholders’ equity 3,823.6 3,501.5
Non-controlling interest 82.1 83.7
Total equity 3,905.7 3,585.2
TOTAL LIABILITIES AND TOTAL EQUITY $ 10,869.8 $ 10,022.6