v3.26.3
CREDIT LOSSES (Tables)
 9 Months Ended
Sep. 30, 2026
Credit Loss [Abstract]  
Schedule of gross receivables and related allowances for credit losses
We have included a table below that shows our gross third-party receivable balances and related allowance for credit losses.
(in millions)September 30, 2026December 31, 2025
Accounts receivable and unbilled revenues $240.1 $301.7 
Allowance for credit losses8.3 7.8 
Accounts receivable and unbilled revenues, net (1)
$231.8 $293.9 
Total accounts receivable, net – past due greater than 90 days (1)
$6.8 $6.3 
Past due greater than 90 days – collection risk mitigated by regulatory mechanisms (1)
93.2 %95.7 %

(1)Our exposure to credit losses for certain regulated utility customers is mitigated by a regulatory mechanism we have in place. Specifically, our residential tariffs include a mechanism for cost recovery or refund of uncollectible expense based on the difference between actual uncollectible write-offs and the amounts recovered in rates. As a result, at September 30, 2026, $143.3 million, or 61.8%, of our net accounts receivable and unbilled revenues balance had regulatory protections in place to mitigate the exposure to credit losses.
Rollforward of the allowances for credit losses
A roll-forward of the allowance for credit losses is included below:
Three Months Ended September 30
(in millions)20262025
Balance at July 1$7.8 $7.4 
Provision for credit losses4.9 4.3 
Provision for credit losses deferred for future recovery or refund(1.7)(1.7)
Write-offs charged against the allowance(3.6)(3.6)
Recoveries of amounts previously written off0.9 1.0 
Balance at September 30
$8.3 $7.4 

Nine Months Ended September 30
(in millions)20262025
Balance at January 1$7.8 $8.6 
Provision for credit losses13.2 12.8 
Provision for credit losses deferred for future recovery or refund(4.8)(7.0)
Write-offs charged against the allowance(11.4)(10.6)
Recoveries of amounts previously written off3.5 3.6 
Balance at September 30
$8.3 $7.4