v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 71.5 $ 182.8
Restricted cash and equivalents 8.0 7.6
Accounts receivable, net 282.1 389.0
Materials, supplies and fuel 157.9 172.4
Income tax receivable, net 24.3 23.3
Regulatory assets, current 121.0 139.7
Other current assets 80.3 81.1
Total current assets 745.1 995.9
Property, plant and equipment 10,850.7 10,344.9
Less accumulated depreciation (2,211.1) (2,110.7)
Total property, plant and equipment, net 8,639.6 8,234.2
Other assets:    
Goodwill 1,299.5 1,299.5
Intangible assets, net 5.6 6.4
Regulatory assets, non-current 257.0 255.0
Other assets, non-current 91.3 78.8
Total other assets, non-current 1,653.4 1,639.7
TOTAL ASSETS 11,038.1 10,869.8
Current liabilities:    
Accounts payable 275.2 311.7
Accrued liabilities 269.2 322.6
Refundable advances for construction 285.0 0.0
Derivative liabilities, current 1.4 5.8
Regulatory liabilities, current 94.4 99.9
Notes payable 90.0 0.0
Current maturities of long-term debt 410.0 0.0
Total current liabilities 1,425.2 740.0
Long-term debt, net of current maturities 3,993.9 4,701.1
Deferred credits and other liabilities:    
Deferred income tax liabilities, net 742.4 697.9
Regulatory liabilities, non-current 494.3 488.3
Benefit plan liabilities 121.4 123.4
Other deferred credits and other liabilities 237.2 213.4
Total deferred credits and other liabilities 1,595.3 1,523.0
Commitments, contingencies and guarantees (Note 3)
Equity:    
Common stock $1 par value; 100,000,000 shares authorized; issued 76,317,445 and 75,520,234 shares, respectively 76.3 75.5
Additional paid-in capital 2,472.2 2,417.5
Retained earnings 1,405.5 1,342.9
Treasury stock, at cost - 61,109 and 43,167 shares, respectively (4.0) (2.6)
Accumulated other comprehensive (loss) (6.6) (9.7)
Total stockholders’ equity 3,943.4 3,823.6
Non-controlling interest 80.3 82.1
Total equity 4,023.7 3,905.7
TOTAL LIABILITIES AND TOTAL EQUITY $ 11,038.1 $ 10,869.8