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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q
(Mark One)
Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the quarterly period ended June 30, 2020
or
Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the transition period from ______________ to ______________
Commission File Number 1-3548
ALLETE, Inc.
(Exact name of registrant as specified in its charter)
Minnesota 41-0418150
(State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.)
30 West Superior Street
Duluth, Minnesota 55802-2093
(Address of principal executive offices)
(Zip Code)

(218) 279-5000
(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbolName of each exchange on which registered
Common Stock, without par valueALENew York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes    No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes    No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
          Large Accelerated Filer     Accelerated Filer 
          Non-Accelerated Filer    Smaller Reporting Company 
               Emerging Growth Company 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).   Yes    No

Common Stock, without par value,
51,880,664 shares outstanding
as of June 30, 2020




Index
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ALLETE, Inc. Second Quarter 2020 Form 10-Q
2



Definitions

The following abbreviations or acronyms are used in the text. References in this report to “we,” “us” and “our” are to ALLETE, Inc., and its subsidiaries, collectively.
Abbreviation or AcronymTerm
AFUDCAllowance for Funds Used During Construction – the cost of both debt and equity funds used to finance regulated utility plant additions during construction periods
ALLETEALLETE, Inc.
ALLETE Clean EnergyALLETE Clean Energy, Inc. and its subsidiaries
ALLETE PropertiesALLETE Properties, LLC and its subsidiaries
ALLETE Transmission HoldingsALLETE Transmission Holdings, Inc.
ArcelorMittalArcelorMittal S.A.
ATCAmerican Transmission Company LLC
BasinBasin Electric Power Cooperative
BisonBison Wind Energy Center
BNI EnergyBNI Energy, Inc. and its subsidiary
BoswellBoswell Energy Center
Camp RipleyCamp Ripley Solar Array
CliffsCleveland-Cliffs Inc.
CompanyALLETE, Inc. and its subsidiaries
COVID-192019 novel coronavirus
CSAPRCross-State Air Pollution Rule
DCDirect Current
EISEnvironmental Impact Statement
EPAUnited States Environmental Protection Agency
ESOPEmployee Stock Ownership Plan
FASBFinancial Accounting Standards Board
FERCFederal Energy Regulatory Commission
Form 10-KALLETE Annual Report on Form 10-K
Form 10-QALLETE Quarterly Report on Form 10-Q
GAAPGenerally Accepted Accounting Principles in the United States of America
GHGGreenhouse Gases
GNTLGreat Northern Transmission Line
Hibbing TaconiteHibbing Taconite Co.
Husky EnergyHusky Energy Inc.
Invest DirectALLETE’s Direct Stock Purchase and Dividend Reinvestment Plan
IRPIntegrated Resource Plan
Item ___Item ___ of this Form 10-Q
kVKilovolt(s)
kW / kWh
Kilowatt(s) / Kilowatt-hour(s)
LaskinLaskin Energy Center
Lampert Capital MarketsLampert Capital Markets, Inc.
Manitoba HydroManitoba Hydro-Electric Board
Minnesota PowerAn operating division of ALLETE, Inc.
Minnkota PowerMinnkota Power Cooperative, Inc.
MISOMidcontinent Independent System Operator, Inc.
MMTPManitoba-Minnesota Transmission Project
Moody’sMoody’s Investors Service, Inc.
ALLETE, Inc. Second Quarter 2020 Form 10-Q
3



Abbreviation or AcronymTerm
MPCAMinnesota Pollution Control Agency
MPUCMinnesota Public Utilities Commission
MW / MWhMegawatt(s) / Megawatt-hour(s)
NAAQSNational Ambient Air Quality Standards
NDPSCNorth Dakota Public Service Commission
Nobles 2Nobles 2 Power Partners, LLC
NOLNet Operating Loss
NOX
Nitrogen Oxides
Northshore MiningNorthshore Mining Company, a wholly-owned subsidiary of Cleveland-Cliffs Inc.
Note ___Note ___ to the Consolidated Financial Statements in this Form 10-Q
NPDESNational Pollutant Discharge Elimination System
NTECNemadji Trail Energy Center
Oliver Wind IOliver Wind I Energy Center
Oliver Wind IIOliver Wind II Energy Center
PolyMetPolyMet Mining Corp.
PPA / PSAPower Purchase Agreement / Power Sales Agreement
PPACAPatient Protection and Affordable Care Act of 2010
PSCWPublic Service Commission of Wisconsin
SECSecurities and Exchange Commission
Silver Bay PowerSilver Bay Power Company, a wholly-owned subsidiary of Cleveland-Cliffs Inc.
SO2
Sulfur Dioxide
Square ButteSquare Butte Electric Cooperative, a North Dakota cooperative corporation
SWL&PSuperior Water, Light and Power Company
Taconite HarborTaconite Harbor Energy Center
Town Center DistrictTown Center at Palm Coast Community Development District in Florida
U.S.United States of America
U.S. Water ServicesU.S. Water Services Holding Company and its subsidiaries
USS CorporationUnited States Steel Corporation
WTGWind Turbine Generator

ALLETE, Inc. Second Quarter 2020 Form 10-Q
4



Forward-Looking Statements

Statements in this report that are not statements of historical facts are considered “forward-looking” and, accordingly, involve risks and uncertainties that could cause actual results to differ materially from those discussed. Although such forward-looking statements have been made in good faith and are based on reasonable assumptions, there can be no assurance that the expected results will be achieved. Any statements that express, or involve discussions as to, future expectations, risks, beliefs, plans, objectives, assumptions, events, uncertainties, financial performance, or growth strategies (often, but not always, through the use of words or phrases such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “projects,” “likely,” “will continue,” “could,” “may,” “potential,” “target,” “outlook” or words of similar meaning) are not statements of historical facts and may be forward-looking.

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, we are providing this cautionary statement to identify important factors that could cause our actual results to differ materially from those indicated in forward-looking statements made by or on behalf of ALLETE in this Form 10-Q, in presentations, on our website, in response to questions or otherwise. These statements are qualified in their entirety by reference to, and are accompanied by, the following important factors, in addition to any assumptions and other factors referred to specifically in connection with such forward-looking statements that could cause our actual results to differ materially from those indicated in the forward-looking statements:

our ability to successfully implement our strategic objectives;
global and domestic economic conditions affecting us or our customers;
changes in and compliance with laws and regulations;
changes in tax rates or policies or in rates of inflation;
the outcome of legal and administrative proceedings (whether civil or criminal) and settlements;
weather conditions, natural disasters and pandemic diseases, including the ongoing COVID-19 pandemic;
our ability to access capital markets, bank financing and other financing sources;
changes in interest rates and the performance of the financial markets;
project delays or changes in project costs;
changes in operating expenses and capital expenditures and our ability to raise revenues from our customers;
the impacts of commodity prices on ALLETE and our customers;
our ability to attract and retain qualified, skilled and experienced personnel;
effects of emerging technology;
war, acts of terrorism and cybersecurity attacks;
our ability to manage expansion and integrate acquisitions;
population growth rates and demographic patterns;
wholesale power market conditions;
federal and state regulatory and legislative actions that impact regulated utility economics, including our allowed rates of return, capital structure, ability to secure financing, industry and rate structure, acquisition and disposal of assets and facilities, operation and construction of plant facilities and utility infrastructure, recovery of purchased power, capital investments and other expenses, including present or prospective environmental matters;
effects of competition, including competition for retail and wholesale customers;
effects of restructuring initiatives in the electric industry;
the impacts on our businesses of climate change and future regulation to restrict the emissions of GHG;
effects of increased deployment of distributed low-carbon electricity generation resources;
the impacts of laws and regulations related to renewable and distributed generation;
pricing, availability and transportation of fuel and other commodities and the ability to recover the costs of such commodities;
our current and potential industrial and municipal customers’ ability to execute announced expansion plans;
real estate market conditions where our legacy Florida real estate investment is located may not improve; and
the success of efforts to realize value from, invest in, and develop new opportunities.

Additional disclosures regarding factors that could cause our results or performance to differ from those anticipated by this report are discussed in Part I, Item 1A. Risk Factors of ALLETE’s 2019 Form 10-K and Part II, Item 1A. Risk Factors of this Form 10-Q. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which that statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all of these factors, nor can it assess the impact of each of these factors on the businesses of ALLETE or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. Readers are urged to carefully review and consider the various disclosures made by ALLETE in this Form 10-Q and in other reports filed with the SEC that attempt to identify the risks and uncertainties that may affect ALLETE’s business.
ALLETE, Inc. Second Quarter 2020 Form 10-Q
5



PART I.  FINANCIAL INFORMATION

ITEM 1.  CONSOLIDATED FINANCIAL STATEMENTS

ALLETE
CONSOLIDATED BALANCE SHEET
Unaudited
June 30,
2020
December 31,
2019
Millions
Assets  
Current Assets  
Cash and Cash Equivalents$25.7  $69.3  
Accounts Receivable (Less Allowance of $1.3 and $0.9)85.8  96.4  
Inventories – Net82.0  72.8  
Prepayments and Other29.5  31.0  
Total Current Assets223.0  269.5  
Property, Plant and Equipment – Net4,644.5  4,377.0  
Regulatory Assets424.7  420.5  
Equity Investments267.1  197.6  
Other Non-Current Assets201.1  218.2  
Total Assets$5,760.4  $5,482.8  
Liabilities and Equity  
Liabilities  
Current Liabilities  
Accounts Payable$86.1  $165.2  
Accrued Taxes48.5  50.8  
Accrued Interest18.0  18.1  
Long-Term Debt Due Within One Year509.7  212.9  
Other65.4  60.4  
Total Current Liabilities727.7  507.4  
Long-Term Debt1,381.0  1,400.9  
Deferred Income Taxes202.3  212.8  
Regulatory Liabilities569.6  560.3  
Defined Benefit Pension and Other Postretirement Benefit Plans159.5  172.8  
Other Non-Current Liabilities288.1  293.0  
Total Liabilities3,328.2  3,147.2  
Commitments, Guarantees and Contingencies (Note 6)
Equity  
ALLETE Equity
Common Stock Without Par Value, 80.0 Shares Authorized, 51.9 and 51.7 Shares Issued and Outstanding1,447.7  1,436.7  
Accumulated Other Comprehensive Loss(23.3) (23.6) 
Retained Earnings841.3  818.8  
Total ALLETE Equity2,265.7  2,231.9  
Non-Controlling Interest in Subsidiaries166.5  103.7  
Total Equity2,432.2  2,335.6  
Total Liabilities and Equity$5,760.4  $5,482.8  
The accompanying notes are an integral part of these statements.
ALLETE, Inc. Second Quarter 2020 Form 10-Q
6



ALLETE
CONSOLIDATED STATEMENT OF INCOME
Unaudited
Quarter EndedSix Months Ended
June 30,June 30,
 2020201920202019
Millions Except Per Share Amounts
Operating Revenue
Contracts with Customers – Utility$200.8  $249.8  $466.1  $532.0  
Contracts with Customers – Non-utility39.6  37.7  83.1  109.8  
Other – Non-utility2.8  2.9  5.6  5.8  
Total Operating Revenue243.2  290.4  554.8  647.6  
Operating Expenses  
Fuel, Purchased Power and Gas – Utility69.3  87.9  158.3  197.7  
Transmission Services – Utility16.4  19.2  34.9  37.5  
Cost of Sales – Non-utility16.3  16.5  33.2  47.1  
Operating and Maintenance59.0  66.7  120.0  142.9  
Depreciation and Amortization54.5  50.2  107.9  102.1  
Taxes Other than Income Taxes15.0  13.7  27.6  27.3  
Total Operating Expenses230.5  254.2  481.9  554.6  
Operating Income12.7  36.2  72.9  93.0  
Other Income (Expense)  
Interest Expense(15.9) (16.3) (31.6) (32.8) 
Equity Earnings6.4  4.8  11.6  10.4  
Gain on Sale of U.S. Water Services  0.5    20.6  
Other5.2  4.2  6.2  11.6  
Total Other Income (Expense)(4.3) (6.8) (13.8) 9.8  
Income Before Income Taxes8.4  29.4  59.1  102.8  
Income Tax Expense (Benefit)(8.5) (4.8) (22.3) (1.9) 
Net Income16.9  34.2  81.4  104.7  
Net Loss Attributable to Non-Controlling Interest(3.2)   (5.0)   
Net Income Attributable to ALLETE$20.1  $34.2  $86.4  $104.7  
Average Shares of Common Stock  
Basic51.8  51.6  51.8  51.6  
Diluted51.9  51.7  51.8  51.7  
Basic Earnings Per Share of Common Stock$0.39  $0.66  $1.67  $2.03  
Diluted Earnings Per Share of Common Stock$0.39  $0.66  $1.67  $2.02  
The accompanying notes are an integral part of these statements.
ALLETE, Inc. Second Quarter 2020 Form 10-Q
7



ALLETE
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Unaudited
Quarter EndedSix Months Ended
June 30,June 30,
2020201920202019
Millions    
Net Income$16.9  $34.2  $81.4  $104.7  
Other Comprehensive Income    
Unrealized Gain on Securities
Net of Income Tax Expense of $0.1, $0.1, $– and $0.10.4  0.1    0.2  
Defined Benefit Pension and Other Postretirement Benefit Plans
Net of Income Tax Expense of $–, $–, $0.1 and $0.10.1  0.2  0.3  0.2  
Total Other Comprehensive Income0.5  0.3  0.3  0.4  
Total Comprehensive Income17.4  34.5  81.7  105.1  
Net Loss Attributable to Non-Controlling Interest(3.2)   (5.0)   
Total Comprehensive Income Attributable to ALLETE$20.6  $34.5  $86.7  $105.1  
The accompanying notes are an integral part of these statements.

ALLETE, Inc. Second Quarter 2020 Form 10-Q
8



ALLETE
CONSOLIDATED STATEMENT OF CASH FLOWS
Unaudited
Six Months Ended
June 30,
 20202019
Millions
Operating Activities  
Net Income$81.4  $104.7  
AFUDC – Equity(1.4) (1.3) 
Income from Equity Investments – Net of Dividends(2.2) (2.2) 
Realized and Unrealized (Gain) Loss on Investments and Property, Plant and Equipment1.1  (2.6) 
Depreciation Expense107.9  100.8  
Amortization of PSAs(5.6) (5.8) 
Amortization of Other Intangible Assets and Other Assets5.2  7.0  
Deferred Income Tax Benefit(22.3) (2.1) 
Share-Based and ESOP Compensation Expense3.1  3.3  
Defined Benefit Pension and Postretirement Benefit Expense  2.1  
Provision (Payments) for Interim Rate Refund11.7  (40.0) 
Payments for Tax Reform Refund(0.1) (10.3) 
Bad Debt Expense1.1  (0.6) 
Gain on Sale of U.S. Water Services  (20.6) 
Changes in Operating Assets and Liabilities  
Accounts Receivable9.5  34.0  
Inventories(9.3) (9.5) 
Prepayments and Other3.3  3.4  
Accounts Payable(11.6) (11.2) 
Other Current Liabilities(8.5) (24.2) 
Cash Contributions to Defined Benefit Pension Plans(10.7) (10.4) 
Changes in Regulatory and Other Non-Current Assets(16.8) (8.5) 
Changes in Regulatory and Other Non-Current Liabilities8.7  (10.8) 
Cash from Operating Activities144.5  95.2  
Investing Activities  
Proceeds from Sale of Available-for-sale Securities2.1  6.0  
Payments for Purchase of Available-for-sale Securities(2.3) (5.9) 
Payments for Equity Investments(66.6) (4.6) 
Return of Capital from Equity Investments  8.3  
Proceeds from Sale of U.S. Water Services – Net of Transaction Costs and Cash Retained  264.2  
Additions to Property, Plant and Equipment(419.9) (236.0) 
Other Investing Activities(0.7) 14.0  
Cash from (for) Investing Activities(487.4) 46.0  
Financing Activities  
Proceeds from Issuance of Common Stock7.9  1.5  
Proceeds from Issuance of Long-Term Debt297.4  100.0  
Repayments of Long-Term Debt(20.9) (49.8) 
Proceeds from Non-Controlling Interest in Subsidiaries – Net of Issuance Costs67.8    
Acquisition-Related Contingent Consideration Payments  (3.8) 
Dividends on Common Stock(63.9) (60.7) 
Other Financing Activities(0.5) (0.8) 
Cash from (for) Financing Activities287.8  (13.6) 
Change in Cash, Cash Equivalents and Restricted Cash(55.1) 127.6  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period92.5  79.0  
Cash, Cash Equivalents and Restricted Cash at End of Period$37.4  $206.6  
The accompanying notes are an integral part of these statements.
ALLETE, Inc. Second Quarter 2020 Form 10-Q
9



ALLETE
CONSOLIDATED STATEMENT OF EQUITY
Unaudited
Quarter EndedSix Months Ended
June 30,June 30,
2020201920202019
Millions Except Per Share Amounts
Common Stock
Balance, Beginning of Period$1,441.7  $1,431.1  $1,436.7  $1,428.5  
Common Stock Issued6.0  2.2  11.0  4.8  
Balance, End of Period1,447.7  1,433.3  1,447.7  1,433.3  
Accumulated Other Comprehensive Loss
Balance, Beginning of Period(23.8) (27.2) (23.6) (27.3) 
Other Comprehensive Income - Net of Income Taxes
Unrealized Gain on Debt Securities0.4  0.1    0.2  
Defined Benefit Pension and Other Postretirement Plans0.1  0.2  0.3  0.2  
Balance, End of Period(23.3) (26.9) (23.3) (26.9) 
Retained Earnings
Balance, Beginning of Period853.2  794.8  818.8  754.6  
Net Income Attributable to ALLETE20.1  34.2  86.4  104.7  
Common Stock Dividends (32.0) (30.4) (63.9) (60.7) 
Balance, End of Period841.3  798.6  841.3  798.6  
Non-Controlling Interest in Subsidiaries
Balance, Beginning of Period101.9    103.7    
Proceeds from Non-Controlling Interest in Subsidiaries – Net of Issuance Costs67.8    67.8    
Net Loss Attributable to Non-Controlling Interest(3.2)   (5.0)   
Balance, End of Period166.5    166.5    
Total Equity$2,432.2  $2,205.0  $2,432.2  $2,205.0  
Dividends Per Share of Common Stock$0.6175  $0.5875  $1.235  $1.175  
The accompanying notes are an integral part of these statements.
ALLETE, Inc. Second Quarter 2020 Form 10-Q
10



NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – UNAUDITED

The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X, and do not include all of the information and notes required by GAAP for complete financial statements. Similarly, the December 31, 2019, Consolidated Balance Sheet was derived from audited financial statements, but does not include all disclosures required by GAAP. In management’s opinion, these unaudited financial statements include all adjustments necessary for a fair statement of financial results. All adjustments are of a normal, recurring nature, except as otherwise disclosed. Operating results for the quarter and six months ended June 30, 2020, are not necessarily indicative of results that may be expected for any other interim period or for the year ending December 31, 2020. For further information, refer to the Consolidated Financial Statements and notes included in our 2019 Form 10-K.


NOTE 1. OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES

Cash, Cash Equivalents and Restricted Cash. We consider all investments purchased with original maturities of three months or less to be cash equivalents. As of June 30, 2020, restricted cash amounts included in Prepayments and Other on the Consolidated Balance Sheet include collateral deposits required under ALLETE Clean Energy loan and tax equity financing agreements. The restricted cash amounts included in Other Non-Current Assets represent collateral deposits required under ALLETE Clean Energy PSAs and construction projects. In December 31, 2018 balance presented, the amount also includes deposits from a SWL&P customer in aid of future capital expenditures. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheet that aggregate to the amounts presented in the Consolidated Statement of Cash Flows.
Cash, Cash Equivalents and Restricted CashJune 30,
2020
December 31,
2019
June 30,
2019
December 31,
2018
Millions  
Cash and Cash Equivalents$25.7  $69.3  $203.1  $69.1  
Restricted Cash included in Prepayments and Other 7.3  2.8  0.9  1.3  
Restricted Cash included in Other Non-Current Assets4.4  20.4  2.6  8.6  
Cash, Cash Equivalents and Restricted Cash on the Consolidated Statement of Cash Flows$37.4  $92.5  $206.6  $79.0  

Inventories – Net. Inventories are stated at the lower of cost or net realizable value. Inventories in our Regulated Operations segment are carried at an average cost or first-in, first-out basis. Inventories in our ALLETE Clean Energy segment and Corporate and Other businesses are carried at an average cost, first-in, first-out or specific identification basis.
Inventories – NetJune 30,
2020
December 31,
2019
Millions  
Fuel (a)
$33.5  $25.9  
Materials and Supplies48.5  46.9  
Total Inventories – Net$82.0  $72.8  
(a) Fuel consists primarily of coal inventory at Minnesota Power.

ALLETE, Inc. Second Quarter 2020 Form 10-Q
11



NOTE 1. OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)
Other Non-Current AssetsJune 30,
2020
December 31,
2019
Millions
Contract Assets (a)
$26.7  $28.0  
Operating Lease Right-of-use Assets25.4  28.6  
ALLETE Properties21.5  21.9  
Restricted Cash4.4  20.4  
Other Postretirement Benefit Plans38.4  37.5  
Other84.7  81.8  
Total Other Non-Current Assets$201.1  $218.2  
(a) Contract Assets consist of payments made to customers as an incentive to execute or extend service agreements. The contract payments are being amortized over the term of the respective agreements as a reduction to revenue.  
Other Current LiabilitiesJune 30,
2020
December 31,
2019
Millions  
PSAs$12.4  $12.3  
Provision for Interim Rate Refund (a)
11.7    
Operating Lease Liabilities6.6  6.9  
Other34.7  41.2  
Total Other Current Liabilities$65.4  $60.4  
(a)Provision for Interim Rate Refund represents reserves for interim rates resulting from the MPUC’s approval of Minnesota Power’s petition and proposal to resolve and withdraw its rate case. (See Note 2. Regulatory Matters.)
Other Non-Current LiabilitiesJune 30,
2020
December 31,
2019
Millions  
Asset Retirement Obligation$164.8  $160.3  
PSAs58.3  64.6  
Operating Lease Liabilities18.8  21.8  
Other46.2  46.3  
Total Other Non-Current Liabilities$288.1  $293.0  

Other Income
Six Months Ended June 30, 20202019
Millions
Pension and Other Postretirement Benefit Plan Non-Service Credits (a)
$4.8  $3.6  
Interest and Investment Income (Loss)(0.5) 2.5  
AFUDC - Equity1.4  1.3  
Gain on Land Sales0.1  2.0  
Other