SUPPLEMENTAL CASH FLOW INFORMATION

3 Months Ended

Mar. 31, 2024

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

Non-Cash Transactions


	Three Months Ended March 31
(in millions)	2024		2023
Cash paid for interest, net of amount capitalized	$	158.6	$	107.5
Cash paid (received) for income taxes, net (1)	(83.0)		1.0
Significant non-cash investing and financing transactions:
Accounts payable related to construction costs	147.2		123.0
Common stock issued for stock-based compensation plans	6.2		—
Increase in receivables related to insurance proceeds	—		20.7

(1) Cash received for income taxes in 2024 includes $83.4 million related to 2023 PTCs that were sold to a third party.

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)	March 31, 2024		December 31, 2023
Cash and cash equivalents	$	38.9	$	42.9
Restricted cash included in other current assets	43.6		70.1
Restricted cash included in other long-term assets	33.6		52.2
Cash, cash equivalents, and restricted cash	$	116.1	$	165.2

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.

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

•Cash related to WECI's ownership interests in certain renewable generation projects. These projects are required to deposit into an escrow account annually in order to fund future decommissioning.