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INFORMATION BY OPERATING SEGMENT (Tables)
6 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Schedule of operating segment information
 
 
 
 
 
 
 
 
 
 
($ Millions)
Gas Utility
 
Gas Marketing
 
Other
 
Eliminations
 
Consolidated
Three Months Ended March 31, 2015
 

 
 

 
 

 
 

 
 

Operating Revenues:
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
847.0

 
$
30.0

 
$
0.4

 
$

 
$
877.4

Intersegment revenues
2.0

 
14.1

 
0.5

 
(16.6
)
 

Total Operating Revenues
849.0

 
44.1

 
0.9

 
(16.6
)
 
877.4

Operating Expenses:
 
 
 
 
 
 
 
 
 
Gas Utility
 
 
 
 
 
 
 
 


Natural and propane gas
499.1

 

 

 
(16.3
)
 
482.8

Other operation and maintenance
104.0

 

 

 
(0.2
)
 
103.8

Depreciation and amortization
32.2

 

 

 

 
32.2

Taxes, other than income taxes
55.7

 

 

 

 
55.7

Total Gas Utility Operating Expenses
691.0

 

 

 
(16.5
)
 
674.5

Gas Marketing

 
43.5

 

 

 
43.5

Other

 

 
1.8

 
(0.1
)
 
1.7

Total Operating Expenses
691.0

 
43.5

 
1.8

 
(16.6
)
 
719.7

Operating Income (Loss)
$
158.0

 
$
0.6

 
$
(0.9
)
 
$

 
$
157.7

Net Economic Earnings (Loss)
$
96.5

 
$
2.1

 
$
(1.0
)
 
$

 
$
97.6

 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2014
 

 
 

 
 

 
 

 
 

Operating Revenues:
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
634.4

 
$
59.9

 
$
0.2

 
$

 
$
694.5

Intersegment revenues
4.2

 
20.6

 
0.6

 
(25.4
)
 

Total Operating Revenues
638.6

 
80.5

 
0.8

 
(25.4
)
 
694.5

Operating Expenses:
 
 
 
 
 
 
 
 
 
Gas Utility
 
 
 
 
 
 
 
 
 
Natural and propane gas
430.5

 

 

 
(25.2
)
 
405.3

Other operation and maintenance
72.2

 

 

 
(0.2
)
 
72.0

Depreciation and amortization
20.1

 

 

 

 
20.1

Taxes, other than income taxes
41.8

 

 

 

 
41.8

Total Gas Utility Operating Expenses
564.6

 

 

 
(25.4
)
 
539.2

Gas Marketing

 
65.0

 

 

 
65.0

Other

 

 
3.1

 

 
3.1

Total Operating Expenses
564.6

 
65.0

 
3.1

 
(25.4
)
 
607.3

Operating Income (Loss)
$
74.0

 
$
15.5

 
$
(2.3
)
 
$

 
$
87.2

Net Economic Earnings (Loss)
$
44.7

 
$
7.1

 
$
(0.1
)
 
$

 
$
51.7



 
 
 
 
 
 
 
 
 
 
($ Millions)
Gas Utility
 
Gas Marketing
 
Other
 
Eliminations
 
Consolidated
Six Months Ended March 31, 2015
 

 
 

 
 

 
 

 
 

Operating Revenues:
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
1,428.4

 
$
67.8

 
$
0.8

 
$

 
$
1,497.0

Intersegment revenues
3.0

 
38.5

 
1.0

 
(42.5
)
 

Total Operating Revenues
1,431.4

 
106.3

 
1.8

 
(42.5
)
 
1,497.0

Operating Expenses:
 
 
 
 
 
 
 
 
 
Gas Utility
 
 
 
 
 
 
 
 
 
Natural and propane gas
828.9

 

 

 
(41.8
)
 
787.1

Other operation and maintenance
201.4

 

 

 
(0.5
)
 
200.9

Depreciation and amortization
64.2

 

 

 

 
64.2

Taxes, other than income taxes
93.7

 

 

 

 
93.7

Total Gas Utility Operating Expenses
1,188.2

 

 

 
(42.3
)
 
1,145.9

Gas Marketing

 
102.1

 

 

 
102.1

Other

 

 
4.2

 
(0.2
)
 
4.0

Total Operating Expenses
1,188.2

 
102.1

 
4.2

 
(42.5
)
 
1,252.0

Operating Income (Loss)
$
243.2

 
$
4.2

 
$
(2.4
)
 
$

 
$
245.0

Net Economic Earnings (Loss)
$
146.3

 
$
2.5

 
$
(5.5
)
 
$

 
$
143.3

 
 
 
 
 
 
 
 
 
 
Six Months Ended March 31, 2014
 

 
 

 
 

 
 

 
 

Operating Revenues:
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
1,069.6

 
$
93.1

 
$
0.4

 
$

 
$
1,163.1

Intersegment revenues
4.3

 
40.1

 
1.0

 
(45.4
)
 

Total Operating Revenues
1,073.9

 
133.2

 
1.4

 
(45.4
)
 
1,163.1

Operating Expenses:
 
 
 
 
 
 
 
 
 
Gas Utility
 
 
 
 
 
 
 
 
 
Natural and propane gas
692.1

 

 

 
(45.0
)
 
647.1

Other operation and maintenance
134.7

 

 

 
(0.4
)
 
134.3

Depreciation and amortization
40.1

 

 

 

 
40.1

Taxes, other than income taxes
70.4

 

 

 

 
70.4

Total Gas Utility Operating Expenses
937.3

 

 

 
(45.4
)
 
891.9

Gas Marketing

 
116.8

 

 

 
116.8

Other

 

 
4.3

 

 
4.3

Total Operating Expenses
937.3

 
116.8

 
4.3

 
(45.4
)
 
1,013.0

Operating Income (Loss)
$
136.6

 
$
16.4

 
$
(2.9
)
 
$

 
$
150.1

Net Economic Earnings (Loss)
$
80.5

 
$
7.9

 
$
(0.4
)
 
$

 
$
88.0



The Company's total assets by segment were as follows:
 
March 31,
 
September 30,
($ Millions)
2015
 
2014
Total Assets:
Gas Utility
$
4,615.6

 
$
4,520.0

Gas Marketing
131.7

 
156.7

Other
1,590.8

 
1,575.7

Eliminations
(1,157.4
)
 
(1,178.4
)
Total Assets
$
5,180.7

 
$
5,074.0

Schedule of the reconciliation of consolidated net economic earnings to consolidated net income
The following table reconciles the Company's Net Income (GAAP) to Net Economic Earnings (Non-GAAP):
 
Three Months Ended March 31,
 
Six Months Ended March 31,
($ Millions)
2015
 
2014
 
2015
 
2014
Net income (GAAP)
$
94.4

 
$
52.2

 
$
141.5

 
$
87.8

Unrealized loss (gain) on energy-related derivative contracts
2.6

 
(1.7
)
 
(0.4
)
 
(1.3
)
Lower of cost or market inventory adjustments
(1.0
)
 
(0.5
)
 
0.2

 
(0.6
)
Realized loss (gain) on economic hedges prior to sale of the physical commodity
0.1

 
(0.1
)
 
0.1

 
(0.1
)
Acquisition, divestiture and restructuring activities
1.5

 
1.8

 
1.9

 
2.2

Net Economic Earnings (Non-GAAP)
$
97.6

 
$
51.7

 
$
143.3

 
$
88.0