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OPERATING REVENUES | 3 Months Ended
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Mar. 31, 2021
Revenue from Contract with Customer [Abstract] |
OPERATING REVENUES | OPERATING REVENUES For more information about our operating revenues, see Note 1(d), Operating Revenues, in our 2020 Annual Report on Form 10-K. Disaggregation of Operating Revenues The following tables present our operating revenues disaggregated by revenue source. We do not have any revenues associated with our electric transmission segment, which includes investments accounted for using the equity method. We disaggregate revenues into categories that depict how the nature, amount, timing, and uncertainty of revenues and cash flows are affected by economic factors. For our segments, revenues are further disaggregated by electric and natural gas operations and then by customer class. Each customer class within our electric and natural gas operations have different expectations of service, energy and demand requirements, and can be impacted differently by regulatory activities within their jurisdictions.
(in millions) |  | Wisconsin |  | Illinois |  | Other States |  | Total Utility Operations |  | Non-Utility Energy Infrastructure |  | Corporate and Other |  | Reconciling Eliminations |  | WEC Energy Group Consolidated
Three Months Ended March 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Electric |  | $ | 1,095.0 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,095.0 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,095.0 |
Natural gas |  | 627.3 |  |  | 693.5 |  |  | 225.6 |  |  | 1,546.4 |  |  | 14.6 |  |  | — |  |  | (13.3) |  |  | 1,547.7 |
Total regulated revenues |  | 1,722.3 |  |  | 693.5 |  |  | 225.6 |  |  | 2,641.4 |  |  | 14.6 |  |  | — |  |  | (13.3) |  |  | 2,642.7 |
Other non-utility revenues |  | — |  |  | — |  |  | 4.7 |  |  | 4.7 |  |  | 23.2 |  |  | — |  |  | (1.6) |  |  | 26.3 |
Total revenues from contracts with customers |  | 1,722.3 |  |  | 693.5 |  |  | 230.3 |  |  | 2,646.1 |  |  | 37.8 |  |  | — |  |  | (14.9) |  |  | 2,669.0 |
Other operating revenues |  | 9.4 |  |  | 9.9 |  |  | 3.0 |  |  | 22.3 |  |  | 99.8 |  |  | 0.1 |  |  | (99.8) |  | (1) | 22.4 |
Total operating revenues |  | $ | 1,731.7 |  |  | $ | 703.4 |  |  | $ | 233.3 |  |  | $ | 2,668.4 |  |  | $ | 137.6 |  |  | $ | 0.1 |  |  | $ | (114.7) |  |  | $ | 2,691.4 |
(in millions) |  | Wisconsin |  | Illinois |  | Other States |  | Total Utility Operations |  | Non-Utility Energy Infrastructure |  | Corporate and Other |  | Reconciling Eliminations |  | WEC Energy Group Consolidated
Three Months Ended March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Electric |  | $ | 1,034.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,034.6 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,034.6 |
Natural gas |  | 458.9 |  |  | 433.6 |  |  | 139.8 |  |  | 1,032.3 |  |  | 14.5 |  |  | — |  |  | (14.1) |  |  | 1,032.7 |
Total regulated revenues |  | 1,493.5 |  |  | 433.6 |  |  | 139.8 |  |  | 2,066.9 |  |  | 14.5 |  |  | — |  |  | (14.1) |  |  | 2,067.3 |
Other non-utility revenues |  | — |  |  | — |  |  | 4.4 |  |  | 4.4 |  |  | 16.4 |  |  | 0.4 |  |  | (1.6) |  |  | 19.6 |
Total revenues from contracts with customers |  | 1,493.5 |  |  | 433.6 |  |  | 144.2 |  |  | 2,071.3 |  |  | 30.9 |  |  | 0.4 |  |  | (15.7) |  |  | 2,086.9 |
Other operating revenues |  | 5.4 |  |  | 14.0 |  |  | 2.2 |  |  | 21.6 |  |  | 98.7 |  |  | 0.1 |  |  | (98.7) |  | (1) | 21.7 |
Total operating revenues |  | $ | 1,498.9 |  |  | $ | 447.6 |  |  | $ | 146.4 |  |  | $ | 2,092.9 |  |  | $ | 129.6 |  |  | $ | 0.5 |  |  | $ | (114.4) |  |  | $ | 2,108.6 |
(1)Amounts eliminated represent lease revenues related to certain plants that We Power leases to WE to supply electricity to its customers. Lease payments are billed from We Power to WE and then recovered in WE's rates as authorized by the PSCW and the FERC. WE operates the plants and is authorized by the PSCW and state law to fully recover prudently incurred operating and maintenance costs in electric rates. Revenues from Contracts with Customers Electric Utility Operating Revenues The following table disaggregates electric utility operating revenues into customer class:
|  |  |  |  | Electric Utility Operating Revenues
|  |  |  | Three Months Ended March 31
(in millions) |  |  |  |  |  | 2021 |  | 2020
Residential |  |  |  |  |  | $ | 423.7 |  |  | $ | 404.9 |
Small commercial and industrial |  |  |  |  |  | 331.4 |  |  | 323.6 |
Large commercial and industrial |  |  |  |  |  | 209.5 |  |  | 194.6 |
Other |  |  |  |  |  | 7.8 |  |  | 7.3 |
Total retail revenues |  |  |  |  |  | 972.4 |  |  | 930.4 |
Wholesale |  |  |  |  |  | 39.7 |  |  | 42.1 |
Resale |  |  |  |  |  | 62.7 |  |  | 45.2 |
Steam |  |  |  |  |  | 14.8 |  |  | 8.4 |
Other utility revenues |  |  |  |  |  | 5.4 |  |  | 8.5 |
Total electric utility operating revenues |  |  |  |  |  | $ | 1,095.0 |  |  | $ | 1,034.6 |
Natural Gas Utility Operating Revenues The following tables disaggregate natural gas utility operating revenues into customer class:
(in millions) |  | Wisconsin |  | Illinois |  | Other States |  | Total Natural Gas Utility Operating Revenues
Three Months Ended March 31, 2021 |  |  |  |  |  |  |  |
Residential |  | $ | 347.6 |  |  | $ | 333.9 |  |  | $ | 87.9 |  |  | $ | 769.4 |
Commercial and industrial |  | 176.4 |  |  | 102.7 |  |  | 43.9 |  |  | 323.0 |
Total retail revenues |  | 524.0 |  |  | 436.6 |  |  | 131.8 |  |  | 1,092.4 |
Transport |  | 24.4 |  |  | 74.2 |  |  | 11.0 |  |  | 109.6 |
Other utility revenues (1) |  | 78.9 |  |  | 182.7 |  |  | 82.8 |  |  | 344.4 |
Total natural gas utility operating revenues |  | $ | 627.3 |  |  | $ | 693.5 |  |  | $ | 225.6 |  |  | $ | 1,546.4 |
(in millions) |  | Wisconsin |  | Illinois |  | Other States |  | Total Natural Gas Utility Operating Revenues
Three Months Ended March 31, 2020 |  |  |  |  |  |  |  |
Residential |  | $ | 313.1 |  |  | $ | 282.9 |  |  | $ | 95.3 |  |  | $ | 691.3 |
Commercial and industrial |  | 151.3 |  |  | 91.4 |  |  | 51.7 |  |  | 294.4 |
Total retail revenues |  | 464.4 |  |  | 374.3 |  |  | 147.0 |  |  | 985.7 |
Transport |  | 24.1 |  |  | 72.7 |  |  | 10.5 |  |  | 107.3 |
Other utility revenues (1) |  | (29.6) |  |  | (13.4) |  |  | (17.7) |  |  | (60.7) |
Total natural gas utility operating revenues |  | $ | 458.9 |  |  | $ | 433.6 |  |  | $ | 139.8 |  |  | $ | 1,032.3 |
(1)Includes revenues subject to collection from (refund to) customers for purchased gas adjustment costs. Other Natural Gas Operating Revenues We have other natural gas operating revenues from Bluewater, which is in our non-utility energy infrastructure segment. Bluewater has entered into long-term service agreements for natural gas storage services with WE, WPS, and WG, and also provides limited service to unaffiliated customers. All amounts associated with the service agreements with WE, WPS, and WG have been eliminated at the consolidated level. Other Non-Utility Operating Revenues Other non-utility operating revenues consist primarily of the following:
|  |  |  | Three Months Ended March 31
(in millions) |  |  |  |  |  | 2021 |  | 2020
Wind generation revenues |  |  |  |  |  | $ | 15.8 |  |  | $ | 9.3 |
We Power revenues (1) |  |  |  |  |  | 5.8 |  |  | 5.5 |
Appliance service revenues |  |  |  |  |  | 4.7 |  |  | 4.4 |
Distributed renewable solar project revenues |  |  |  |  |  | — |  |  | 0.4 |
Total other non-utility operating revenues |  |  |  |  |  | $ | 26.3 |  |  | $ | 19.6 |
(1)As part of the construction of the We Power electric generating units, we capitalized interest during construction, which is included in property, plant, and equipment. As allowed by the PSCW, we collected these carrying costs from WE's utility customers during construction. The equity portion of these carrying costs was recorded as a contract liability, and we continually amortize the deferred carrying costs to revenues over the related lease term that We Power has with WE. During the three months ended March 31, 2021 and 2020, we recorded $5.8 million and $5.5 million, respectively, of revenues related to these deferred carrying costs. These contract liabilities are presented as deferred revenue, net on our balance sheets. Other Operating Revenues Other operating revenues consist primarily of the following:
|  |  |  | Three Months Ended March 31
(in millions) |  |  |  |  |  | 2021 |  | 2020
Late payment charges |  |  |  |  |  | $ | 15.0 |  |  | $ | 12.1 |
Alternative revenues |  |  |  |  |  | 6.2 |  |  | 8.5 |
Other |  |  |  |  |  | 1.2 |  |  | 1.1 |
Total other operating revenues |  |  |  |  |  | $ | 22.4 |  |  | $ | 21.7 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
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