v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net income $ 173.5 $ 165.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 150.1 139.0
Deferred financing cost amortization 5.0 4.3
Stock compensation 6.4 5.7
Deferred income taxes 35.1 37.5
Employee benefit plans 5.4 5.6
Other adjustments (4.2) 2.9
Changes in certain operating assets and liabilities:    
Materials, supplies and fuel 14.3 8.4
Accounts receivable and other current assets 128.2 84.8
Accounts payable and other current liabilities (145.4) (93.3)
Regulatory assets 18.0 57.9
Other operating activities, net (15.1) (1.6)
Net cash provided by operating activities 371.3 416.4
Investing activities:    
Property, plant and equipment additions (485.5) (371.8)
Other investing activities (6.6) (4.4)
Net cash (used in) investing activities (492.1) (376.2)
Financing activities:    
Dividends paid on common stock (106.6) (97.6)
Common stock issued 50.1 65.0
Net borrowings (payments) of Revolving Credit Facility and CP Program 90.0 (10.1)
Long-term debt - repayments (300.0) 0.0
Distributions to non-controlling interests (6.1) (3.8)
Proceeds from refundable advances for construction 285.0 0.0
Other financing activities (2.5) (1.3)
Net cash provided by (used in) financing activities 9.9 (47.8)
Net change in cash, restricted cash and cash equivalents (110.9) (7.6)
Cash, restricted cash, and cash equivalents beginning of period 190.4 23.4
Cash, restricted cash, and cash equivalents end of period 79.5 15.8
Supplemental cash flow information:    
Interest (net of amounts capitalized) (102.4) (100.8)
Income taxes, net of transferred tax credits (Note 11) 12.1 13.9
Accrued property, plant, and equipment purchases $ 179.8 $ 78.5