XML 48 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating Activities    
Net income $ 66.3 $ 62.7
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization expense 47.9 47.7
Recoveries and refunds of regulatory assets and liabilities 7.6 14.6
Bad debt expense 2.2 2.8
Pension and other postretirement expense 10.5 10.9
Pension and other postretirement contributions (109.3) (61.0)
Deferred income taxes and investment tax credit 25.6 36.6
Repayment of related party payable (22.6)  
Equity income, net of dividends (0.9) (0.9)
Other (15.1) 5.3
Changes in working capital    
Collateral on deposit (0.9) 1.6
Accounts receivable and accrued unbilled revenues 24.4 24.0
Inventories 34.5 (1.4)
Prepaid taxes 34.7 (26.8)
Other current assets 4.0 0.9
Accounts payable (17.7) (10.7)
Other current liabilities 15.8 0.8
Net cash provided by operating activities 107.0 107.1
Investing Activities    
Capital expenditures (73.9) (42.4)
Proceeds from the sale or disposal of assets 1.7 1.5
Other 1.9 1.0
Net cash used for investing activities (70.3) (39.9)
Financing Activities    
Short-term debt, net (23.3) 5.1
Redemption of notes payable   (10.0)
Repayment of long-term debt to parent (0.4) (0.3)
Dividends to parent (52.8) (51.2)
Equity contribution from parent 40.0  
Return of capital to parent   (75.0)
Preferred stock dividend requirements (1.6) (1.6)
Other 0.6 0.8
Net cash used for financing activities (37.5) (132.2)
Net change in cash and cash equivalents (0.8) (65.0)
Cash and cash equivalents at beginning of period 5.5 71.4
Cash and cash equivalents at end of period $ 4.7 $ 6.4