v3.26.1
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net income $ 139.2 $ 131.0
Reconciliation to cash provided by operating activities    
Depreciation and amortization 138.0 132.5
Deferred income taxes and ITCs, net 22.3 17.9
Change in –    
Accounts receivable and unbilled revenues, net 34.8 (9.0)
Materials, supplies, and inventories 6.0 8.9
Prepaid taxes (17.9) 6.7
Other prepayments 4.7 4.4
Other current assets (6.7) 0.4
Accounts payable (15.3) (19.5)
Amounts refundable to customers 7.0 9.1
Other current liabilities 3.3 (6.9)
Other, net (15.0) (3.9)
Net cash provided by operating activities 300.4 271.6
Investing activities    
Capital expenditures (319.9) (253.6)
Reimbursement for ATC's transmission infrastructure upgrades 0.0 6.6
Proceeds from cash surrender value of life insurance 0.0 9.8
Other, net 3.7 3.4
Net cash used in investing activities (316.2) (233.8)
Financing activities    
Issuance of long-term debt 299.9 0.0
Change in short-term debt 143.1 21.5
Payment of dividends to parent (540.0) (60.0)
Equity contribution from parent 115.0 0.0
Other, net (2.6) (0.5)
Net cash provided by (used in) financing activities 15.4 (39.0)
Net change in cash and cash equivalents (0.4) (1.2)
Cash and cash equivalents at beginning of period 0.7 1.5
Cash and cash equivalents at end of period $ 0.3 $ 0.3