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Pension and Other Postretirement Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]  
Estimated Future Benefit Payments [Table Text Block]
Estimated Future Benefit Payments
 
    Pension
Postretirement Health and Life
Millions
 

 
2014

$33.9


$7.7

2015

$34.9


$8.4

2016

$35.8


$8.8

2017

$36.9


$9.2

2018

$37.8


$9.4

Years 2019 – 2023

$200.2


$50.6

Defined Benefit Costs Recorded in Regulatory Long-Term Assets or Liabilities and Accumulated Other Comprehensive Income Expected to be Recognized over Next Fiscal Year [Table Text Block]
The pension and postretirement health and life costs recorded in regulatory long-term assets or liabilities and accumulated other comprehensive income expected to be recognized as a component of net pension and postretirement benefit costs for the year ending December 31, 2014, are as follows:

 
      Pension
Postretirement
Health and Life
Millions
 
 
Net Loss

$14.2


$0.5

Prior Service Cost (Credit)
0.3

(2.5
)
Total Pension and Postretirement Health and Life Cost (Credit)

$14.5

$(2.0)
Weighted-Average Assumptions Used to Determine Benefit Obligation and Net Periodic Benefit Costs [Table Text Block]
Weighted-Average Assumptions Used to Determine Benefit Obligation
As of December 31
2013
2012
Discount Rate
 
 
Pension
4.93%
4.10%
Postretirement Health and Life
4.96%
4.13%
Rate of Compensation Increase
3.7 - 4.3%
4.3 - 4.6%
Health Care Trend Rates
 
 
Trend Rate
7.25%
9.25%
Ultimate Trend Rate
5%
5%
Year Ultimate Trend Rate Effective
2020
2019

Weighted-Average Assumptions Used to Determine Net Periodic Benefit Costs
Year Ended December 31
2013
2012
2011
Discount Rate
4.10 - 4.13%
4.54 - 4.56%
5.36 - 5.40%
Expected Long-Term Return on Plan Assets (a)
 
 
 
Pension
8.25%
8.25%
8.5%
Postretirement Health and Life
6.6 - 8.25%
6.6 - 8.25%
6.8 - 8.5%
Rate of Compensation Increase
4.3 - 4.6%
4.3 - 4.6%
4.3 - 4.6%
(a)
The expected long-term rate of return used to determine net periodic benefit expense for 2014 has been reduced to 8.00 percent.

Plan Asset Allocations, Actual and Target [Table Text Block]
Actual Plan Asset Allocations
 
Pension
Postretirement
Health and Life (a)
 
2013
2012
2013
2012
Equity Securities
52
%
54
%
63
%
56
%
Debt Securities
34
%
28
%
29
%
35
%
Private Equity
9
%
13
%
8
%
9
%
Real Estate
5
%
5
%


 
100
%
100
%
100
%
100
%
(a)
Includes VEBAs and irrevocable grantor trusts.

Plan Asset Target Allocations
 
    Pension
Postretirement
Health and Life (a)
Equity Securities
52
%
50
%
Debt Securities
30
%
30
%
Private Equity
9
%
10
%
Real Estate
9
%
10
%
 
100
%
100
%
(a)
Includes VEBAs and irrevocable grantor trusts.
Recurring Fair Value Measures [Table Text Block]
 
Fair Value as of December 31, 2013
Recurring Fair Value Measures
Level 1
 
Level 2
 
Level 3
 
Total
Millions
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Investments
 
 
 
 
 
 
 
Available-for-sale Securities – Equity Securities

$7.9

 

 

 

$7.9

Available-for-sale Securities – Corporate Debt Securities

 

$9.8

 

 
9.8

Cash Equivalents
34.2

 

 

 
34.2

Total Fair Value of Assets

$42.1

 

$9.8

 

 

$51.9

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Deferred Compensation

 

$16.8

 

 

$16.8

Derivatives – Interest Rate Swap

 
0.6

 

 
0.6

Total Fair Value of Liabilities

 

$17.4

 

 

$17.4

Total Net Fair Value of Assets (Liabilities)

$42.1

 
$(7.6)
 

 

$34.5



 
Fair Value as of December 31, 2012
Recurring Fair Value Measures
Level 1
 
Level 2
 
Level 3
 
Total
Millions
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Investments
 
 
 
 
 
 
 
Available-for-sale Securities – Equity Securities

$18.0

 

 

 

$18.0

Available-for-sale Securities – Corporate Debt Securities

 

$8.8

 

 
8.8

Cash Equivalents
20.7

 

 

 
20.7

Total Fair Value of Assets

$38.7

 

$8.8

 

 

$47.5

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Deferred Compensation

 

$14.0

 

 

$14.0

Derivatives – Interest Rate Swap

 
0.7

 

 
0.7

Total Fair Value of Liabilities

 

$14.7

 

 

$14.7

Total Net Fair Value of Assets (Liabilities)

$38.7

 
$(5.9)
 

 

$32.8

Pension [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Obligation and Funded Status [Table Text Block]
Pension Obligation and Funded Status
Year Ended December 31
2013

2012

Millions
 
 
Accumulated Benefit Obligation

$577.6


$598.7

Change in Benefit Obligation
 

 

Obligation, Beginning of Year

$652.1


$597.5

Service Cost
9.9

9.1

Interest Cost
26.0

26.4

Actuarial (Gain) Loss
(49.2
)
38.5

Benefits Paid
(33.5
)
(30.9
)
Participant Contributions
17.5

11.5

Obligation, End of Year

$622.8


$652.1

Change in Plan Assets
 

 

Fair Value, Beginning of Year

$460.1


$432.4

Actual Return on Plan Assets
56.5

38.7

Employer Contribution (a)
18.5

19.9

Benefits Paid
(33.5
)
(30.9
)
Fair Value, End of Year

$501.6


$460.1

Funded Status, End of Year
$(121.2)
$(192.0)
 
 
 
Net Pension Amounts Recognized in Consolidated Balance Sheet Consist of:
 

 

Current Liabilities
$(1.1)
$(1.1)
Non-Current Liabilities
$(120.1)
$(190.9)

(a)
Includes participant contributions noted above.

Unrecognized Costs [Table Text Block]
The pension costs that are reported as a component within our Consolidated Balance Sheet, reflected in long-term regulatory assets or liabilities and accumulated other comprehensive income, consist of the following:

Unrecognized Pension Costs
Year Ended December 31
2013

2012

Millions
 
 
Net Loss

$194.9


$286.8

Prior Service Cost
0.4

0.7

Total Unrecognized Pension Costs

$195.3


$287.5

Components of Net Periodic Expense [Table Text Block]
Components of Net Periodic Pension Expense
Year Ended December 31
2013

2012

2011

Millions
 
 
 
Service Cost

$9.9


$9.1


$7.6

Interest Cost
26.0

26.4

27.4

Expected Return on Plan Assets
(35.2
)
(35.4
)
(34.6
)
Amortization of Loss
21.5

17.5

12.1

Amortization of Prior Service Cost
0.3

0.3

0.3

Net Pension Expense

$22.5


$17.9


$12.8

Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income and Regulatory Assets [Table Text Block]
Other Changes in Pension Plan Assets and Benefit Obligations Recognized in
Other Comprehensive Income and Regulatory Assets
Year Ended December 31
2013

2012

Millions
 
 
Net (Gain) Loss
$(70.4)

$35.2

Amortization of Prior Service Cost
(0.3
)
(0.3
)
Amortization of Loss
(21.5
)
(17.5
)
Total Recognized in Other Comprehensive Income and Regulatory Assets
$(92.2)

$17.4

Information for Pension Plans with an Accumulated Benefit Obligation in Excess of Plan Assets [Table Text Block]
Information for Pension Plans with an Accumulated Benefit Obligation in Excess of Plan Assets
Year Ended December 31
2013

2012

Millions
 
 
Projected Benefit Obligation

$622.8


$652.1

Accumulated Benefit Obligation

$577.6


$598.7

Fair Value of Plan Assets

$501.6


$460.1

Recurring Fair Value Measures [Table Text Block]
 
Fair Value as of December 31, 2012
Recurring Fair Value Measures
Level 1
Level 2
Level 3
Total
Millions
 
 
 
 
Assets:
 
 
 
 
Equity Securities:
 
 
 
 
U.S. Large-cap (a)

$43.0


$36.0



$79.0

U.S. Mid-cap Growth (a)
18.3

15.3


33.6

U.S. Small-cap (a)
18.3

15.3


33.6

International
50.5

45.9


96.4

Debt Securities:
 

 

 

 

Mutual Funds
72.5



72.5

Fixed Income
10.4

50.8


61.2

Other Types of Investments:
 

 

 

 

Private Equity Funds



$58.9

58.9

Real Estate


24.9

24.9

Total Fair Value of Assets

$213.0


$163.3


$83.8


$460.1

(a)
The underlying investments classified under U.S. Equity Securities consist of money market funds (Level 1) and actively-managed funds (Level 2), which are combined with futures, and settle daily, to achieve the returns of the U.S. Equity Securities Large-cap, Mid-cap Growth, and Small-cap funds. Our exposure with respect to these investments includes both the futures and the underlying investments. 

 
Fair Value as of December 31, 2013
Recurring Fair Value Measures
Level 1
Level 2
Level 3
Total
Millions
 
 
 
 
Assets:
 
 
 
 
Equity Securities:
 
 
 
 
U.S. Large-cap (a)

$20.9


$59.3



$80.2

U.S. Mid-cap Growth (a)
9.4

26.7


36.1

U.S. Small-cap (a)
9.9

28.2


38.1

International
61.2

43.5


104.7

Debt Securities:
 

 

 

 

Mutual Funds
130.1



130.1

Fixed Income

36.4


36.4

Cash Equivalents
2.7



2.7

Other Types of Investments:
 

 

 

 

Private Equity Funds



$46.8

46.8

Real Estate


26.5

26.5

Total Fair Value of Assets

$234.2


$194.1


$73.3


$501.6

(a)
The underlying investments classified under U.S. Equity Securities consist of money market funds (Level 1) and actively-managed funds (Level 2), which are combined with futures, and settle daily, to achieve the returns of the U.S. Equity Securities Large-cap, Mid-cap Growth, and Small-cap funds. Our exposure with respect to these investments includes both the futures and the underlying investments. 
Recurring Fair Value Measures - Activity in Level 3 [Table Text Block]
Recurring Fair Value Measures
 
 
 
Activity in Level 3
 
Private Equity Funds
   Real Estate
Millions
 
 
 
Balance as of December 31, 2011
 

$69.0


$21.7

Actual Return on Plan Assets
 
(9.7
)
3.4

Purchases, sales, and settlements, net
 
(0.4
)
(0.2
)
Balance as of December 31, 2012
 

$58.9


$24.9

Recurring Fair Value Measures
 
 
Activity in Level 3
Private Equity Funds
    Real Estate
Millions
 
 
Balance as of December 31, 2012

$58.9


$24.9

Actual Return on Plan Assets
2.3

2.1

Purchases, sales, and settlements, net
(14.4
)
(0.5
)
Balance as of December 31, 2013

$46.8


$26.5

Postretirement Health and Life [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Obligation and Funded Status [Table Text Block]
Postretirement Health and Life Obligation and Funded Status
Year Ended December 31
2013

2012

Millions
 
 
Change in Benefit Obligation
 
 
Obligation, Beginning of Year

$168.8


$210.6

Service Cost
3.9

4.2

Interest Cost
6.8

9.4

Actuarial Gain
(18.8
)
(43.2
)
Participant Contributions
2.7

2.6

Plan Amendments

(5.3
)
Benefits Paid
(9.9
)
(9.5
)
Settlements (a)
(1.6
)

Obligation, End of Year

$151.9


$168.8

Change in Plan Assets
 
 
Fair Value, Beginning of Year

$131.0


$121.0

Actual Return on Plan Assets
21.4

14.3

Employer Contribution
11.7

2.3

Participant Contributions
2.7

2.5

Benefits Paid
(9.8
)
(9.1
)
Fair Value, End of Year

$157.0


$131.0

Funded Status, End of Year
$5.1
$(37.8)
 
 
 
Net Postretirement Health and Life Amounts Recognized in Consolidated Balance Sheet Consist of:
 
 
Non-Current Assets
$19.4

Current Liabilities
$(0.9)
$(0.8)
Non-Current Liabilities
$(13.4)
$(37.0)

(a)
Result of the exit from a legacy benefit plan.
Unrecognized Costs [Table Text Block]
The postretirement health and life costs that are reported as a component within our Consolidated Balance Sheet, reflected in regulatory long-term assets or liabilities and accumulated other comprehensive income, consist of the following:

Unrecognized Postretirement Health and Life Costs
Year Ended December 31
2013

2012

Millions
 
 
Net (Gain) Loss
$(9.0)

$23.5

Prior Service Credit
(10.1
)
(13.1
)
Total Unrecognized Postretirement Health and Life Costs (Credit)
$(19.1)

$10.4

Components of Net Periodic Expense [Table Text Block]
Components of Net Periodic Postretirement Health and Life Expense
Year Ended December 31
2013

2012

2011

Millions
 
 
 
Service Cost

$3.9


$4.2


$3.8

Interest Cost
6.8

9.4

10.8

Expected Return on Plan Assets
(9.7
)
(9.9
)
(9.7
)
Amortization of Prior Service Credit
(2.5
)
(1.7
)
(1.7
)
Amortization of Loss
1.6

7.5

8.5

Amortization of Transition Obligation

0.1

0.1

Effect of Plan Settlement (a)
(1.6
)


Net Postretirement Health and Life Expense (Credit)
$(1.5)

$9.6


$11.8


(a)
Result of the exit from a legacy benefit plan.

Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income and Regulatory Assets [Table Text Block]
Other Changes in Postretirement Benefit Plan Assets and Benefit Obligations
Recognized in Other Comprehensive Income and Regulatory Assets
Year Ended December 31
2013

2012

Millions
 
 
Net Gain
$(30.2)
$(47.5)
Prior Service Credit Arising During the Period

(5.3
)
Amortization of Prior Service Credit
2.5

1.7

Amortization of Transition Obligation

(0.1
)
Amortization of Loss
(1.6
)
(7.5
)
Amount Recognized due to Plan Settlement (a)
(0.2
)

Total Recognized in Other Comprehensive Income and Regulatory Assets
$(29.5)
$(58.7)

(a)
Result of the exit from a legacy benefit plan.
Sensitivity of a One-Percentage-Point Change in Health Care Trend Rates [Table Text Block]
Sensitivity of a One-Percentage-Point Change in Health Care Trend Rates
 
One Percent
Increase
One Percent
Decrease
Millions
 
 
Effect on Total of Postretirement Health and Life Service and Interest Cost

$1.6

$(1.3)
Effect on Postretirement Health and Life Obligation

$16.0

$(13.4)
Recurring Fair Value Measures [Table Text Block]
 
Fair Value as of December 31, 2013
Recurring Fair Value Measures
Level 1
Level 2
Level 3
Total
Millions
 
 
 
 
Assets:
 
 
 
 
Equity Securities:
 
 
 
 
U.S. Large-cap (a)

$28.3




$28.3

U.S. Mid-cap Growth (a)
17.6



17.6

U.S. Small-cap (a)
18.2



18.2

International
33.4



33.4

Debt Securities:
 

 

 

 

Mutual Funds
30.8



30.8

Fixed Income


$15.5


15.5

Cash Equivalents
0.1



0.1

Other Types of Investments:
 

 

 

 

Private Equity Funds



$13.1

13.1

Total Fair Value of Assets

$128.4


$15.5


$13.1


$157.0


(a)
The underlying investments classified under U.S. Equity Securities consist of mutual funds (Level 1).
 
Fair Value as of December 31, 2012
Recurring Fair Value Measures
Level 1
Level 2
Level 3
Total
Millions
 
 
 
 
Assets:
 
 
 
 
Equity Securities:
 
 
 
 
U.S. Large-cap (a)

$16.7




$16.7

U.S. Mid-cap Growth (a)
13.2



13.2

U.S. Small-cap (a)
13.3



13.3

International
30.3



30.3

Debt Securities:
 

 

 

 

Mutual Funds
25.5



25.5

Fixed Income
0.2


$18.3


18.5

Other Types of Investments:
 

 

 

 

Private Equity Funds



$13.5

13.5

Total Fair Value of Assets

$99.2


$18.3


$13.5


$131.0


(a)
The underlying investments classified under U.S. Equity Securities consist of mutual funds (Level 1). 
Recurring Fair Value Measures - Activity in Level 3 [Table Text Block]
Recurring Fair Value Measures
 
Activity in Level 3
Private Equity Funds
Millions
 
Balance as of December 31, 2011

$14.0

Actual Return on Plan Assets
0.2

Purchases, sales, and settlements, net
(0.7
)
Balance as of December 31, 2012

$13.5

Recurring Fair Value Measures
 
Activity in Level 3
Private Equity Funds
Millions
 
Balance as of December 31, 2012

$13.5

Actual Return on Plan Assets
2.4

Purchases, sales, and settlements, net
(2.8
)
Balance as of December 31, 2013

$13.1