v2.3.0.11
Condensed Statements of Consolidated Cash Flows (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities    
Net Income $ 244.1 $ 225.4
Adjustments to Reconcile Net Income to Net Cash from Continuing Operations:    
Depreciation and amortization 273.4 301.4
Net changes in price risk management assets and liabilities 15.3 4.4
Deferred income taxes and investment tax credits 132.1 38.6
Deferred revenue (2.6) (17.2)
Stock compensation expense and 401(k) profit sharing contribution 17.2 6.0
Loss on sale of assets   0.1
Loss on impairment of assets 0.7  
Income from unconsolidated affiliates (4.4) (7.8)
Gain on disposition of discontinued operations - net of taxes   (0.1)
Loss from discontinued operations - net of taxes 0.2 0.1
Amortization of debt related costs 4.2 5.4
AFUDC equity (1.9) (3.7)
Distributions of earnings received from equity investee 9.9 7.9
Changes in Assets and Liabilities:    
Accounts receivable 434.6 245.1
Income tax receivable 97.8 24.8
Inventories 13.7 147.6
Accounts payable (250.4) (235.4)
Customer deposits and credits (134.9) (104.7)
Taxes accrued (40.7) 6.2
Interest accrued   5.3
Over (Under) recovered gas and fuel costs 220.7 (252.3)
Exchange gas receivable/payable (166.2) (51.3)
Other accruals (26.3) (30.5)
Prepayments and other current assets 20.6 28.1
Regulatory assets/liabilities 28.3 98.3
Postretirement and postemployment benefits (118.9) 1.7
Deferred credits 6.3 (3.6)
Deferred charges and other noncurrent assets 12.1 4.6
Other noncurrent liabilities (4.8) 2.9
Net Operating Activities from Continuing Operations 780.1 447.3
Net Operating Activities used for Discontinued Operations (44.1) (44.8)
Net Cash Flows from Operating Activities 736.0 402.5
Investing Activities    
Capital expenditures (445.0) (336.9)
Insurance recoveries   0.5
Proceeds from disposition of assets 9.4 0.3
Restricted cash withdrawals (deposits) 48.3 (38.0)
Contributions to equity investees (0.1) (0.3)
Other investing activities (36.0) (19.9)
Net Investing Activities used for Continuing Operations (423.4) (394.3)
Net Investing Activities from Discontinued Operations   0.4
Net Cash Flow used for Investing Activities (423.4) (393.9)
Financing Activities    
Issuance of long-term debt 395.3  
Retirement of long-term debt (13.0) (5.2)
Premiums and other debt related costs (8.2)  
Change in short-term borrowings, net (512.2) 109.8
Issuance of common stock 7.9 6.8
Acquisition of treasury stock (3.0) (1.4)
Dividends paid - common stock (128.7) (127.6)
Net Cash Flow used for Financing Activities (261.9) (17.6)
Change in cash and cash equivalents from continuing operations 94.8 35.4
Cash contributions to discontinued operations (44.1) (44.4)
Cash and cash equivalents at beginning of period 9.2 16.4
Cash and Cash Equivalents at End of Period $ 59.9 $ 7.4