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Revenue
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue
(4)
Revenue

 

The following tables depict the disaggregation of revenue, including intercompany revenue, from contracts with customers by customer type and timing of revenue recognition for each of the reportable segments for the three and nine months ended September 30, 2024, and 2023. Sales tax and other similar taxes are excluded from revenues.

 

Three Months Ended September 30, 2024

Electric Utilities

 

Gas Utilities

 

Inter-segment Eliminations

 

Total

 

Customer types:

(in millions)

 

Retail

$

195.5

 

$

117.4

 

$

-

 

$

312.9

 

Transportation

 

-

 

 

43.2

 

 

(0.2

)

 

43.0

 

Wholesale

 

6.2

 

 

-

 

 

-

 

 

6.2

 

Market - off-system sales

 

10.8

 

 

-

 

 

-

 

 

10.8

 

Transmission/Other

 

19.1

 

 

10.9

 

 

(4.3

)

 

25.7

 

Revenue from contracts with customers

$

231.6

 

$

171.5

 

$

(4.5

)

$

398.6

 

Other revenues

 

0.9

 

 

2.1

 

 

-

 

 

3.0

 

Total revenues

$

232.5

 

$

173.6

 

$

(4.5

)

$

401.6

 

 

 

 

 

 

 

 

 

Timing of revenue recognition:

 

 

 

 

 

 

 

 

Services transferred at a point in time

$

9.3

 

$

-

 

$

-

 

$

9.3

 

Services transferred over time

 

222.3

 

 

171.5

 

 

(4.5

)

 

389.3

 

Revenue from contracts with customers

$

231.6

 

$

171.5

 

$

(4.5

)

$

398.6

 

 

Three Months Ended September 30, 2023

Electric Utilities

 

Gas Utilities

 

Inter-segment Eliminations

 

Total

 

Customer types:

(in millions)

 

Retail

$

191.0

 

$

120.8

 

$

-

 

$

311.8

 

Transportation

 

-

 

 

42.7

 

 

(0.1

)

 

42.6

 

Wholesale

 

9.4

 

 

-

 

 

-

 

 

9.4

 

Market - off-system sales

 

13.0

 

 

-

 

 

-

 

 

13.0

 

Transmission/Other

 

18.1

 

 

9.6

 

 

(4.4

)

 

23.3

 

Revenue from contracts with customers

$

231.5

 

$

173.1

 

$

(4.5

)

$

400.1

 

Other revenues

 

5.8

 

 

1.2

 

 

-

 

 

7.0

 

Total revenues

$

237.3

 

$

174.3

 

$

(4.5

)

$

407.1

 

 

 

 

 

 

 

 

 

Timing of revenue recognition:

 

 

 

 

 

 

 

 

Services transferred at a point in time

$

7.8

 

$

-

 

$

-

 

$

7.8

 

Services transferred over time

 

223.7

 

 

173.1

 

 

(4.5

)

 

392.3

 

Revenue from contracts with customers

$

231.5

 

$

173.1

 

$

(4.5

)

$

400.1

 

 

Nine Months Ended September 30, 2024

Electric Utilities

 

Gas Utilities

 

Inter-segment Eliminations

 

Total

 

Customer types:

(in millions)

 

Retail

$

555.1

 

$

707.7

 

$

-

 

$

1,262.8

 

Transportation

 

-

 

 

130.8

 

 

(0.3

)

 

130.5

 

Wholesale

 

21.2

 

 

-

 

 

-

 

 

21.2

 

Market - off-system sales

 

22.8

 

 

0.1

 

 

-

 

 

22.9

 

Transmission/Other

 

56.6

 

 

32.1

 

 

(13.1

)

 

75.6

 

Revenue from contracts with customers

$

655.7

 

$

870.7

 

$

(13.4

)

$

1,513.0

 

Other revenues

 

4.1

 

 

13.5

 

 

-

 

 

17.6

 

Total revenues

$

659.8

 

$

884.2

 

$

(13.4

)

$

1,530.6

 

 

 

 

 

 

 

 

 

Timing of revenue recognition:

 

 

 

 

 

 

 

 

Services transferred at a point in time

$

25.9

 

$

-

 

$

-

 

$

25.9

 

Services transferred over time

 

629.8

 

 

870.7

 

 

(13.4

)

 

1,487.1

 

Revenue from contracts with customers

$

655.7

 

$

870.7

 

$

(13.4

)

$

1,513.0

 

 

Nine Months Ended September 30, 2023

Electric Utilities

 

Gas Utilities

 

Inter-segment Eliminations

 

Total

 

Customer types:

(in millions)

 

Retail

$

522.3

 

$

931.1

 

$

-

 

$

1,453.4

 

Transportation

 

-

 

 

131.4

 

 

(0.3

)

 

131.1

 

Wholesale

 

24.6

 

 

-

 

 

-

 

 

24.6

 

Market - off-system sales

 

37.5

 

 

0.4

 

 

-

 

 

37.9

 

Transmission/Other

 

54.7

 

 

28.8

 

 

(13.1

)

 

70.4

 

Revenue from contracts with customers

$

639.1

 

$

1,091.7

 

$

(13.4

)

$

1,717.4

 

Other revenues

 

10.0

 

 

12.2

 

 

-

 

 

22.2

 

Total revenues

$

649.1

 

$

1,103.9

 

$

(13.4

)

$

1,739.6

 

 

 

 

 

 

 

 

 

Timing of revenue recognition:

 

 

 

 

 

 

 

 

Services transferred at a point in time

$

24.3

 

$

-

 

$

-

 

$

24.3

 

Services transferred over time

 

614.8

 

 

1,091.7

 

 

(13.4

)

 

1,693.1

 

Revenue from contracts with customers

$

639.1

 

$

1,091.7

 

$

(13.4

)

$

1,717.4