XML 51 R33.htm IDEA: XBRL DOCUMENT v3.24.0.1
Segments Of Business
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segments Of Business
At December 31, 2023, our operations are divided into two primary reportable segments, the Gas Distribution Operations and the Electric Operations segments. The remainder of our operations, which are not significant enough on a stand-alone basis to warrant treatment as an operating segment, are presented as "Corporate and Other" and primarily are comprised of interest expense on holding company debt and unallocated corporate costs and activities. Refer to Note 3, "Revenue Recognition," for additional information on our segments and their sources of revenues. The following table provides information about our reportable segments. We use operating income as our primary measurement for each of the reported segments and make decisions on finance, dividends and taxes at the corporate level on a consolidated basis. Segment revenues include intersegment sales to affiliated subsidiaries, which are eliminated in consolidation. Affiliated sales are recognized on the basis of prevailing market, regulated prices or at levels provided for under contractual agreements. Operating income is derived from revenues and expenses directly associated with each segment.
Year Ended December 31, (in millions)
202320222021
Operating Revenues
Gas Distribution Operations
Unaffiliated $3,720.4 $4,007.2 $3,171.2 
Intersegment12.3 12.6 12.3 
Total3,732.7 4,019.8 3,183.5 
Electric Operations
Unaffiliated1,784.2 1,830.9 1,696.3 
Intersegment0.8 0.8 0.8 
Total1,785.0 1,831.7 1,697.1 
Corporate and Other
Unaffiliated 0.8 12.5 32.1 
Intersegment503.8 465.0 460.3 
Total504.6 477.5 492.4 
Eliminations(516.9)(478.4)(473.4)
Consolidated Operating Revenues$5,505.4 $5,850.6 $4,899.6 
Year Ended December 31, (in millions)
202320222021
Operating Income (Loss)
Gas Distribution Operations
$901.9 $915.8 $617.5 
Electric Operations378.7 362.4 387.8 
Corporate and Other14.9 (12.4)1.6 
Consolidated Operating Income$1,295.5 $1,265.8 $1,006.9 
Depreciation and Amortization
Gas Distribution Operations$464.6 $415.9 $383.0 
Electric Operations400.9 362.9 329.4 
Corporate and Other42.7 42.0 36.0 
Consolidated Depreciation and Amortization$908.2 $820.8 $748.4 
Assets
Gas Distribution Operations$18,122.8 $16,986.5 $15,153.7 
Electric Operations9,250.5 7,992.6 7,178.9 
Corporate and Other3,703.9 1,757.5 1,824.3 
Consolidated Assets$31,077.2 $26,736.6 $24,156.9 
Capital Expenditures(1)
Gas Distribution Operations$1,715.2 $1,682.3 $1,406.4 
Electric Operations739.2 574.5 517.4 
Corporate and Other236.3 41.2 16.6 
Consolidated Capital Expenditures$2,690.7 $2,298.0 $1,940.4 
(1)Amounts differ from those presented on the Statements of Consolidated Cash Flows primarily due to the inclusion of capital expenditures in current liabilities, the capitalized portion of the Corporate Incentive Plan payout, and AFUDC Equity.