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Revenue (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Disaggregation of 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 six months ended June 30, 2024, and 2023. Sales tax and other similar taxes are excluded from revenues.

 

Three Months Ended June 30, 2024

Electric Utilities

 

Gas Utilities

 

Inter-segment Eliminations

 

Total

 

Customer types:

(in millions)

 

Retail

$

171.3

 

$

152.9

 

$

-

 

$

324.2

 

Transportation

 

-

 

 

36.0

 

 

(0.2

)

 

35.8

 

Wholesale

 

6.5

 

 

-

 

 

-

 

 

6.5

 

Market - off-system sales

 

5.5

 

 

-

 

 

-

 

 

5.5

 

Transmission/Other

 

19.4

 

 

10.0

 

 

(4.3

)

 

25.1

 

Revenue from contracts with customers

$

202.7

 

$

198.9

 

$

(4.5

)

$

397.1

 

Other revenues

 

2.4

 

 

3.1

 

 

-

 

 

5.5

 

Total revenues

$

205.1

 

$

202.0

 

$

(4.5

)

$

402.6

 

 

 

 

 

 

 

 

 

Timing of revenue recognition:

 

 

 

 

 

 

 

 

Services transferred at a point in time

$

7.8

 

$

-

 

$

-

 

$

7.8

 

Services transferred over time

 

194.9

 

 

198.9

 

 

(4.5

)

 

389.3

 

Revenue from contracts with customers

$

202.7

 

$

198.9

 

$

(4.5

)

$

397.1

 

 

Three Months Ended June 30, 2023

Electric Utilities

 

Gas Utilities

 

Inter-segment Eliminations

 

Total

 

Customer types:

(in millions)

 

Retail

$

156.4

 

$

174.8

 

$

-

 

$

331.2

 

Transportation

 

-

 

 

35.9

 

 

(0.1

)

 

35.8

 

Wholesale

 

5.7

 

 

-

 

 

-

 

 

5.7

 

Market - off-system sales

 

8.4

 

 

-

 

 

-

 

 

8.4

 

Transmission/Other

 

19.2

 

 

9.2

 

 

(4.4

)

 

24.0

 

Revenue from contracts with customers

$

189.7

 

$

219.9

 

$

(4.5

)

$

405.1

 

Other revenues

 

3.4

 

 

2.8

 

 

-

 

 

6.2

 

Total revenues

$

193.1

 

$

222.7

 

$

(4.5

)

$

411.3

 

 

 

 

 

 

 

 

 

Timing of revenue recognition:

 

 

 

 

 

 

 

 

Services transferred at a point in time

$

7.8

 

$

-

 

$

-

 

$

7.8

 

Services transferred over time

 

181.9

 

 

219.9

 

 

(4.5

)

 

397.3

 

Revenue from contracts with customers

$

189.7

 

$

219.9

 

$

(4.5

)

$

405.1

 

 

Six Months Ended June 30, 2024

Electric Utilities

 

Gas Utilities

 

Inter-segment Eliminations

 

Total

 

Customer types:

(in millions)

 

Retail

$

359.6

 

$

590.3

 

$

-

 

$

949.9

 

Transportation

 

-

 

 

87.6

 

 

(0.2

)

 

87.4

 

Wholesale

 

15.0

 

 

-

 

 

-

 

 

15.0

 

Market - off-system sales

 

12.0

 

 

0.1

 

 

-

 

 

12.1

 

Transmission/Other

 

37.5

 

 

21.1

 

 

(8.7

)

 

49.9

 

Revenue from contracts with customers

$

424.1

 

$

699.1

 

$

(8.9

)

$

1,114.3

 

Other revenues

 

3.2

 

 

11.5

 

 

-

 

 

14.7

 

Total revenues

$

427.3

 

$

710.6

 

$

(8.9

)

$

1,129.0

 

 

 

 

 

 

 

 

 

Timing of revenue recognition:

 

 

 

 

 

 

 

 

Services transferred at a point in time

$

16.5

 

$

-

 

$

-

 

$

16.5

 

Services transferred over time

 

407.6

 

 

699.1

 

 

(8.9

)

 

1,097.8

 

Revenue from contracts with customers

$

424.1

 

$

699.1

 

$

(8.9

)

$

1,114.3

 

 

Six Months Ended June 30, 2023

Electric Utilities

 

Gas Utilities

 

Inter-segment Eliminations

 

Total

 

Customer types:

(in millions)

 

Retail

$

331.3

 

$

810.3

 

$

-

 

$

1,141.6

 

Transportation

 

-

 

 

88.8

 

 

(0.2

)

 

88.6

 

Wholesale

 

15.1

 

 

-

 

 

-

 

 

15.1

 

Market - off-system sales

 

24.5

 

 

0.3

 

 

-

 

 

24.8

 

Transmission/Other

 

36.6

 

 

19.2

 

 

(8.8

)

 

47.0

 

Revenue from contracts with customers

$

407.5

 

$

918.6

 

$

(9.0

)

$

1,317.1

 

Other revenues

 

4.3

 

 

11.0

 

 

-

 

 

15.3

 

Total revenues

$

411.8

 

$

929.6

 

$

(9.0

)

$

1,332.4

 

 

 

 

 

 

 

 

 

Timing of revenue recognition:

 

 

 

 

 

 

 

 

Services transferred at a point in time

$

16.5

 

$

-

 

$

-

 

$

16.5

 

Services transferred over time

 

391.0

 

 

918.6

 

 

(9.0

)

 

1,300.6

 

Revenue from contracts with customers

$

407.5

 

$

918.6

 

$

(9.0

)

$

1,317.1