Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Dec. 31, 2011		Dec. 31, 2010
Property, Plant and Equipment
In service	$ 12,977.7		$ 11,590.8
Accumulated depreciation	(3,797.8)		(3,624.0)
In service, net	9,179.9		7,966.8
Construction work in progress	921.3		1,569.9
Leased facilities, net	59.2		64.8
Net Property, Plant and Equipment	10,160.4		9,601.5
Investments
Equity investment in transmission affiliate	349.7		330.5
Other	43.6		45.8
Total Investments	393.3		376.3
Current Assets
Cash and cash equivalents	14.1		24.5
Restricted cash	45.5		8.3
Accounts receivable, net of allowance for doubtful accounts of $61.7 and $58.1	349.4		344.6
Income taxes receivable	155.1		83.7
Accrued revenues	252.7		280.3
Materials, supplies and inventories	382.0		379.1
Prepayments	140.3		125.6
Other	87.1		85.0
Total Current Assets	1,426.2		1,331.1
Deferred Charges and Other Assets
Regulatory assets	1,238.7		1,090.1
Goodwill	441.9		441.9
Other	201.6		218.9
Total Deferred Charges and Other Assets	1,882.2		1,750.9
Total Assets	13,862.1	[1]	13,059.8	[1]
Capitalization
Common equity	3,963.3		3,802.1
Preferred stock of subsidiary	30.4		30.4
Long-term debt	4,614.3		3,932.0
Total Capitalization	8,608.0		7,764.5
Current Liabilities
Long-term debt due currently	32.6		473.4
Short-term debt	669.9		657.9
Accounts payable	325.7		315.4
Accrued payroll and vacation	105.9		88.3
Other	230.4		186.1
Total Current Liabilities	1,364.5		1,721.1
Deferred Credits and Other Liabilities
Regulatory liabilities	902.0		883.8
Deferred income taxes - long-term	1,696.1		1,154.8
Deferred revenue, net	754.5		805.5
Pension and other benefit obligations	222.7		353.2
Other long-term liabilities	314.3		376.9
Total Deferred Credits and Other Liabilities	3,889.6		3,574.2
Commitments and Contingencies (Note R)
Total Capitalization and Liabilities	$ 13,862.1		$ 13,059.8

[1] An elimination of $2,369.0 million, $1,785.9 million and $889.1 million is included in Total Assets as of December 31, 2011, 2010 and 2009, respectively, for all PTF-related activity between We Power and Wisconsin Electric.