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SUPPLEMENTAL CASH FLOW INFORMATION

3 Months Ended

Mar. 31, 2023

Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

SUPPLEMENTAL CASH FLOW INFORMATION

Non-Cash Transactions

						Three Months Ended March 31
(in millions)						2023						2022
Cash paid for interest, net of amount capitalized						$	107.5					$	68.3
Cash paid for income taxes, net						1.0						0.7
Significant non-cash investing and financing transactions:
Accounts payable related to construction costs						123.0						118.7
Increase in receivable related to insurance proceeds						20.7						0.3

Restricted Cash

The statements of cash flows include our activity related to cash, cash equivalents, and restricted cash. The following table reconciles the cash, cash equivalents, and restricted cash amounts reported within the balance sheets to the total of these amounts shown on the statements of cash flows:

(in millions)						March 31, 2023						December 31, 2022
Cash and cash equivalents						$	35.7					$	28.9
Restricted cash included in other current assets						39.2						25.6
Restricted cash included in other long-term assets						53.1						127.7
Cash, cash equivalents, and restricted cash						$	128.0					$	182.2

Our restricted cash consisted of the following:

•Cash held in the Integrys rabbi trust, which is used to fund participants' benefits under the Integrys deferred compensation plan and certain Integrys non-qualified pension plans. All assets held within the rabbi trust are restricted as they can only be withdrawn from the trust to make qualifying benefit payments.

•Cash on deposit in financial institutions that is restricted to satisfy the requirements of certain debt agreements at WEC Infrastructure Wind Holding I LLC and WEPCo Environmental Trust.

•Cash we received when WECI acquired ownership interests in certain renewable generation projects. This cash is restricted as it can only be used to pay for any remaining costs associated with the construction of the renewable generation facilities.

•Cash used by WE and WPS during January 2023 to purchase a natural gas-fired cogeneration facility located in Whitewater, Wisconsin. This cash was included in other long-term assets at December 31, 2022. See Note 2, Acquisitions, for more information on the purchase of this facility.

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- References

No definition available.

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- Definition

The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-URI https://asc.fasb.org/topic&trid=2134446

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