SUPPLEMENTAL CASH FLOW INFORMATION

9 Months Ended

Sep. 30, 2023

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

Non-Cash Transactions


	Nine Months Ended September 30
(in millions)	2023		2022
Cash paid for interest, net of amount capitalized	$	432.9	$	311.4
Cash paid for income taxes, net	15.8		52.3
Significant non-cash investing and financing transactions:
Accounts payable related to construction costs	236.5		170.9
Accounts payable related to Thunderhead acquisition milestone payments	—		19.0
Increase in receivables related to insurance proceeds	6.2		—

Liabilities accrued for software licensing agreement	—		7.4

Restricted Cash

The statements of cash flows include our activity related to cash, cash equivalents, and restricted cash. 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, 2023		December 31, 2022
Cash and cash equivalents	$	45.9	$	28.9
Restricted cash included in other current assets	43.6		25.6
Restricted cash included in other long-term assets	51.9		127.7
Cash, cash equivalents, and restricted cash	$	141.4	$	182.2

Our restricted cash consisted of the following:

•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 All assets held within the rabbi trust are restricted as they can only be withdrawn from the trust to make qualifying benefit payments.

•Cash on deposit in financial institutions that is restricted to satisfy the requirements of certain debt agreements at WEC Infrastructure Wind Holding I LLC, WECI Wind Holding II, and WEPCo Environmental Trust.

•Cash we received when WECI acquired ownership interests in certain renewable generation projects. This cash is restricted as it can only be used to pay for any remaining costs associated with the construction of the renewable generation facilities.

•Cash used by WE and WPS during January 2023 to purchase a natural gas-fired cogeneration facility located in Whitewater, Wisconsin. This cash was included in other long-term assets at December 31, 2022. See Note 2, Acquisitions, for more information on the purchase of this facility.