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Property, Plant And Equipment
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

(5) PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment at December 31 consisted of the following (dollars in millions):

 

2023

2022

Lives (in years)

Electric Utilities

Property, Plant and Equipment

 

Weighted Average Useful Life (in years)

Property, Plant and Equipment

 

Weighted Average Useful Life (in years)

Minimum

Maximum

Electric plant:

 

 

 

 

 

 

 

 

Production

$

1,492.8

 

40

$

1,482.1

 

41

32

45

Electric transmission

 

737.4

 

48

 

632.9

 

48

42

51

Electric distribution

 

1,146.9

 

47

 

1,082.5

 

47

45

50

Integrated Generation

 

720.0

 

30

 

713.5

 

31

19

38

Plant acquisition adjustment (a)

 

4.9

 

32

 

4.9

 

32

32

32

General

 

291.7

 

27

 

274.8

 

27

24

28

Total electric plant in service

 

4,393.7

 

 

 

4,190.7

 

 

 

 

Construction work in progress

 

123.1

 

 

 

153.0

 

 

 

 

Total electric plant

 

4,516.8

 

 

 

4,343.7

 

 

 

 

Less accumulated depreciation and depletion

 

(1,207.7

)

 

 

(1,104.1

)

 

 

 

Electric plant net of accumulated depreciation and depletion

$

3,309.1

 

 

$

3,239.6

 

 

 

 

____________________

(a) The plant acquisition adjustment, which relates to the acquisition of our ownership interest in Wyodak Plant, is included in rate base and is being recovered with 7 years remaining.

 

2023

2022

Lives (in years)

Gas Utilities

Property, Plant and Equipment

 

Weighted Average Useful Life (in years)

Property, Plant and Equipment

 

Weighted Average Useful Life (in years)

Minimum

Maximum

Gas plant:

 

 

 

 

 

 

 

 

Production

$

21.0

 

45

$

17.8

 

45

24

47

Gas transmission

 

759.5

 

58

 

695.4

 

58

32

72

Gas distribution

 

2,860.0

 

57

 

2,620.2

 

57

48

61

Cushion gas - not depreciable (a)

 

58.2

 

N/A

 

63.1

 

N/A

N/A

N/A

Storage

 

71.4

 

42

 

65.8

 

41

36

49

General

 

571.8

 

22

 

497.4

 

23

20

25

Total gas plant in service

 

4,341.9

 

 

 

3,959.7

 

 

 

 

Construction work in progress

 

39.2

 

 

 

52.0

 

 

 

 

Total gas plant

 

4,381.1

 

 

 

4,011.7

 

 

 

 

Less accumulated depreciation

 

(588.3

)

 

 

(471.0

)

 

 

 

Gas plant net of accumulated depreciation

$

3,792.8

 

 

$

3,540.7

 

 

 

 

____________________

(a) Depreciation of Cushion Gas is determined by the respective regulatory jurisdiction in which the Cushion Gas resides. In 2022, assets classified as Cushion gas - depreciable were fully depreciated and removed from gross plant in service and accumulated depreciation.

 

2023

2022

Lives (in years)

Corporate

Property, Plant and Equipment

 

Weighted Average Useful Life (in years)

Property, Plant and Equipment

 

Weighted Average Useful Life (in years)

Minimum

Maximum

Total plant in service

$

5.7

 

10

$

5.7

 

11

4

23

Construction work in progress

 

13.6

 

 

 

13.7

 

 

 

 

Total gross property, plant and equipment

 

19.3

 

 

 

19.4

 

 

 

 

Less accumulated depreciation

 

(1.9

)

 

 

(1.8

)

 

 

 

Total net of accumulated depreciation

$

17.4

 

 

$

17.6