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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 28.9 $ 16.3
Accounts receivable and unbilled revenues, net of reserves of $199.3 and $198.3, respectively 1,818.4 1,505.7
Materials, supplies, and inventories 807.1 635.8
Prepaid Taxes 201.8 182.1
Other prepayments 69.8 63.4
Other 261.7 253.4
Current assets 3,187.7 2,656.7
Long-term assets    
Property, plant, and equipment, net of accumulated depreciation and amortization of $10,383.8 and $9,889.3, respectively 29,113.8 26,982.4
Regulatory assets (December 31, 2022 and December 31, 2021 include $92.4 and $100.7, respectively, related to WEPCo Environmental Trust) 3,264.6 3,264.8
Equity investment in transmission affiliates 1,909.2 1,789.4
Goodwill 3,052.8 3,052.8
Pension and OPEB assets 916.7 881.3
Other 427.3 361.1
Long-term assets 38,684.4 36,331.8
Total assets 41,872.1 38,988.5
Current liabilities    
Short-term debt 1,647.1 1,897.0
Current portion of long-term debt (December 31, 2022 and December 31, 2021 include $8.9 and $8.8, respectively, related to WEPCo Environmental Trust) 881.2 169.4
Accounts payable 1,198.1 1,005.7
Other 884.6 680.9
Current liabilities 4,611.0 3,753.0
Long-term liabilities    
Long-term debt (December 31, 2022 and December 31, 2021 include $94.1 and $102.7, respectively, related to WEPCo Environmental Trust) 14,766.2 13,523.7
Deferred income taxes 4,625.6 4,308.5
Deferred revenue, net 370.7 389.2
Regulatory liabilities 3,735.5 3,946.0
Environmental remediation liabilities 499.6 532.6
Pension and OPEB obligations 171.6 219.0
Other 1,475.3 1,203.2
Long-term liabilities 25,644.5 24,122.2
Commitments and contingencies (Note 24)
Common shareholders' equity    
Common stock – $0.01 par value; 325,000,000 shares authorized; 315,434,531 shares outstanding 3.2 3.2
Additional paid in capital 4,115.2 4,138.1
Retained earnings 7,265.3 6,775.1
Accumulated other comprehensive loss (6.8) (3.2)
Common shareholders' equity 11,376.9 10,913.2
Preferred stock of subsidiary 30.4 30.4
Noncontrolling interests 209.3 169.7
Total liabilities and equity $ 41,872.1 $ 38,988.5