SUPPLEMENTAL CASH FLOW INFORMATION

9 Months Ended

Sep. 30, 2022

Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]


	Nine Months Ended September 30
(in millions)	2022		2021
Cash paid for interest, net of amount capitalized	$	311.4	$	310.9
Cash paid for income taxes, net	52.3		33.8
Significant non-cash investing and financing transactions:
Accounts payable related to construction costs	170.9		144.0
Accounts payable related to Thunderhead acquisition milestone payments	19.0		—
Increase in receivable related to insurance proceeds	—		58.3
Liabilities accrued for software licensing agreement	7.4		—

The statements of cash flows include our activity related to cash, cash equivalents, and restricted cash. Our restricted cash primarily consists of the cash held in the Integrys rabbi trust, which is used to fund participants' benefits under the Integrys deferred compensation plan and certain Integrys non-qualified pension plans. All assets held within the rabbi trust are restricted as they can only be withdrawn from the trust to make qualifying benefit payments. Our restricted cash also consists of cash on deposit in financial institutions that is restricted to satisfy the requirements of certain debt agreements at WEC Infrastructure Wind Holding I LLC and WEPCo Environmental Trust. The restricted cash we received when WECI acquired ownership interests in certain wind

generation projects is included in our restricted cash as well. This cash is restricted as it can only be used to pay for any remaining costs associated with the construction of the wind generation facilities.

The following table reconciles the cash, cash equivalents, and restricted cash amounts reported within the balance sheets to the total of these amounts shown on the statements of cash flows:


(in millions)	September 30, 2022		December 31, 2021
Cash and cash equivalents	$	28.5	$	16.3
Restricted cash included in other current assets	35.7		19.6
Restricted cash included in other long term assets	51.8		51.6
Cash, cash equivalents, and restricted cash	$	116.0	$	87.5