Guarantees (Tables)

6 Months Ended

Jun. 30, 2016

The following table shows our outstanding guarantees:



	Total Amounts Committed at		Expiration
(in millions)	June 30, 2016		Less Than 1 Year		1 to 3 Years		Over 3 Years
Guarantees
Guarantees supporting commodity transactions of subsidiaries ⁽¹⁾	$	147.1	$	68.1	$	5.0	$	74.0
Standby letters of credit ⁽²⁾	36.4		36.0		0.2		0.2
Surety bonds⁽³⁾	11.2		11.2		—		—
Other guarantees⁽⁴⁾	38.5		0.7		6.8		31.0
Total guarantees	$	233.2	$	116.0	$	12.0	$	105.2


⁽¹⁾	Consists of (a) $5.0 million and $10.0 million to support the business operations of WBS and PDL, respectively; and (b) $99.3 million and $32.8 million related to natural gas supply at MERC and MGU, respectively. These amounts are not reflected on our balance sheets.


⁽²⁾	At our request or the request of our subsidiaries, financial institutions have issued standby letters of credit for the benefit of third parties that have extended credit to our subsidiaries. These amounts are not reflected on our balance sheets.


⁽³⁾	Primarily for workers compensation self-insurance programs and obtaining various licenses, permits, and rights-of-way. These amounts are not reflected on our balance sheets.

⁽⁴⁾

Consists of (a) $19.1 million to support PDL's future payment obligations related to its distributed solar generation projects, of which $6.6 million is covered by a reciprocal guarantee from a third party that is not reflected on our balance sheets; (b) $10.0 million related to the sale of a nonregulated retail marketing business previously owned by Integrys, of which an insignificant liability was recorded; and (c) $9.4 million related to other indemnifications, of which a liability of $8.8 million related to workers compensation coverage was recorded.