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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 42.9 $ 28.9
Accounts receivable and unbilled revenues, net of reserves of $193.5 and $199.3, respectively 1,503.2 1,818.4
Materials, supplies, and inventories 775.2 807.1
Prepaid Taxes 173.9 201.8
Other prepayments 76.8 69.8
Other 223.7 261.7
Current assets 2,795.7 3,187.7
Long-term assets    
Property, plant, and equipment, net of accumulated depreciation and amortization of $11,073.1 and $10,383.8, respectively 31,581.5 29,113.8
Regulatory assets (December 31, 2023 and December 31, 2022 include $85.9 and $92.4, respectively, related to WEPCo Environmental Trust) 3,249.8 3,264.6
Equity investment in transmission affiliates 2,005.9 1,909.2
Goodwill 3,052.8 3,052.8
Pension and OPEB assets 870.9 916.7
Other 383.1 427.3
Long-term assets 41,144.0 38,684.4
Total assets 43,939.7 41,872.1 Close
Current liabilities     Close
Short-term debt 2,020.9 1,647.1 Close
Current portion of long-term debt (December 31, 2023 and December 31, 2022 include $9.0 and $8.9, respectively, related to WEPCo Environmental Trust) 1,264.2 881.2 Close
Accounts payable 896.6 1,198.1 Close
Other 933.1 884.6 Close
Current liabilities 5,114.8 4,611.0 Close
Long-term liabilities     Close
Long-term debt (December 31, 2023 and December 31, 2022 include $85.3 and $94.1, respectively, related to WEPCo Environmental Trust) 15,512.8 14,766.2 Close
Deferred income taxes 4,918.5 4,625.6 Close
Deferred revenue, net 356.4 370.7 Close
Regulatory liabilities 3,697.7 3,735.5 Close
Intangible liabilities 594.8 335.4 Close
Environmental remediation liabilities 463.7 499.6 Close
AROs 374.2 479.3 Close
Pension and OPEB obligations 176.0 171.6 Close
Other 659.3 660.6 Close
Long-term liabilities 26,753.4 25,644.5 Close
Commitments and contingencies (Note 24) Close
Common shareholders' equity    
Total Liabilities 63736.4 60511.0 0 0 0 Close
Common stock – $0.01 par value; 325,000,000 shares authorized; 315,434,531 shares outstanding 3.2 3.2 Close
Additional paid in capital 4,115.9 4,115.2
Retained earnings 7,612.8 7,265.3
Accumulated other comprehensive loss (7.7) (6.8)
Common shareholders' equity 11,724.2 11,376.9 Close
Preferred stock of subsidiary 30.4 30.4
Noncontrolling interests 316.9 209.3
Total liabilities and equity $ 43,939.7 $ 41,872.1