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Condensed Statements of Consolidated Income (USD $)
In Millions, except Per Share data |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
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Jun. 30, 2011
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Jun. 30, 2010
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Jun. 30, 2011
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Jun. 30, 2010
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| Net Revenues | ||||
| Gas Distribution | $ 500.4 | $ 454.3 | $ 1,872.4 | $ 1,795.4 |
| Gas Transportation and Storage | 307.3 | 264.3 | 710.3 | 634.8 |
| Electric | 349.2 | 340.5 | 696.3 | 658.4 |
| Other | 71.4 | 112.0 | 181.5 | 441.2 |
| Gross Revenues | 1,228.3 | 1,171.1 | 3,460.5 | 3,529.8 |
| Cost of Sales (excluding depreciation and amortization) | 462.5 | 439.1 | 1,633.4 | 1,725.4 |
| Total Net Revenues | 765.8 | 732.0 | 1,827.1 | 1,804.4 |
| Operating Expenses | ||||
| Operation and maintenance | 402.5 | 377.1 | 835.0 | 816.7 |
| Depreciation and amortization | 134.5 | 151.6 | 273.4 | 301.4 |
| Impairment and loss on sale of assets, net | 0.7 | 0.1 | ||
| Other taxes | 67.8 | 64.5 | 160.8 | 151.4 |
| Total Operating Expenses | 604.8 | 593.2 | 1,269.9 | 1,269.6 |
| Equity Earnings in Unconsolidated Affiliates | 2.3 | 0.4 | 5.3 | 7.8 |
| Operating Income | 163.3 | 139.2 | 562.5 | 542.6 |
| Other Income (Deductions) | ||||
| Interest expense, net | (94.4) | (98.4) | (184.2) | (197.2) |
| Other, net | 0.6 | 2.6 | 3.9 | 5.2 |
| Total Other Deductions | (93.8) | (95.8) | (180.3) | (192.0) |
| Income from Continuing Operations before Income Taxes | 69.5 | 43.4 | 382.2 | 350.6 |
| Income Tax Expense | 30.0 | 15.4 | 137.9 | 125.2 |
| Income from Continuing Operations | 39.5 | 28.0 | 244.3 | 225.4 |
| (Loss)/Income from Discontinued Operations-net of taxes | (0.6) | 0.1 | (0.2) | (0.1) |
| Gain on Disposition of Discontinued Operations-net of taxes | 0.1 | |||
| Net Income | $ 38.9 | $ 28.1 | $ 244.1 | $ 225.4 |
| Basic Earnings Per Share | ||||
| Continuing operations | $ 0.14 | $ 0.10 | $ 0.87 | $ 0.81 |
| Basic Earnings Per Share | $ 0.14 | $ 0.10 | $ 0.87 | $ 0.81 |
| Diluted Earnings Per Share | ||||
| Continuing operations | $ 0.14 | $ 0.10 | $ 0.85 | $ 0.81 |
| Diluted Earnings Per Share | $ 0.14 | $ 0.10 | $ 0.85 | $ 0.81 |
| Dividends Declared Per Common Share | $ 0.23 | $ 0.23 | $ 0.69 | $ 0.69 |
| Basic Average Common Shares Outstanding | 280.2 | 277.6 | 279.8 | 277.3 |
| Diluted Average Common Shares | 287.1 | 278.4 | 286.2 | 278.0 |
| X | ||||||||||
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- Definition
Impairment and gain loss on sale of assets net.
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| X | ||||||||||
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Gain (loss) after tax expense or benefit, not previously recognized and resulting from the sale of a business component, which is recognized at the date of sale. A gain (loss) reflects the amount by which the consideration received exceeds (is exceeded by) the net carrying amount (reflecting previous provisions for loss on disposal, if any) of the disposal group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Revenue derived from the regulated (by a federal, state, or local government or agency) generation, transmission and distribution of electricity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Revenue derived from the regulated (by a federal, state, or local government or agency) generation, transmission and distribution of [natural] gas. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the parent which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the overall income (loss) from a disposal group apportioned to the parent that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount which may be allocable to noncontrolling interests, if any. Includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Midstream refers to those gas industry activities that fall between exploration and production (upstream) and refining and marketing (downstream). It may be applied to the gathering, processing, transmission and storage of natural gas; including the treating of natural gas to remove impurities, along with the sale of by-products such as residue gas, natural gas liquids and condensate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
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- Details
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| X | ||||||||||
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- Definition
The net result for the period of deducting operating expenses from operating revenues.
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| X | ||||||||||
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
All taxes not related to income of the entity or excise or sales taxes levied on the revenue of the entity that are not reported elsewhere. These taxes could include production, real estate, personal property, and pump tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Discloses the amount of operating expense for the period for routine plant maintenance, repairs and operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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