C000630 2021-01-01 2021-12-31 C000630 2021-12-31 C000630 2020-01-01 2020-12-31 C000630 2020-12-31 C000630 2019-12-31 C000630 ScheduleCompaniesControlledByRespondentAbstract 2021-01-01 2021-12-31 C000630 ScheduleAppropriatedRetainedIncomeAbstract 2021-01-01 2021-12-31 C000630 ScheduleInvestmentsInAffiliatedCompaniesAbstract 2021-01-01 2021-12-31 C000630 ScheduleInvestmentsInCommonStocksOfAffiliatedCompaniesAbstract 2021-01-01 2021-12-31 C000630 ScheduleInvestInComStocksOfAffiliatedCoCoControlledDirectlyByRespOtherThanThroughTitleToSecuritiesAbstract 2021-01-01 2021-12-31 C000630 ScheduleUndividedJointInterestPropertyAbstract 2021-01-01 2021-12-31 C000630 ScheduleAccruedDepreciationUndividedJointInterestPropertyAbstract 2021-01-01 2021-12-31 C000630 ScheduleLongTermDebtAbstract 2021-01-01 2021-12-31 C000630 ScheduleCapitalStockChangesDuringTheYearAbstract 2021-01-01 2021-12-31 C000630 SchedulePaymentsForServicesRenderedByOtherThanEmployeesAbstract 2021-01-01 2021-12-31 C000630 ScheduleStatisticsOfOperationsOwnedByRespondentButOperatedByOthersAbstract 2021-01-01 2021-12-31 C000630 1 2021-01-01 2021-12-31 C000630 1 2021-12-31 C000630 2 2021-01-01 2021-12-31 C000630 2 2021-12-31 C000630 3 2021-01-01 2021-12-31 C000630 3 2021-12-31 C000630 1 2021-01-01 2021-12-31 C000630 2 2021-01-01 2021-12-31 C000630 3 2021-01-01 2021-12-31 C000630 4 2021-01-01 2021-12-31 C000630 5 2021-01-01 2021-12-31 C000630 6 2021-01-01 2021-12-31 C000630 7 2021-01-01 2021-12-31 C000630 8 2021-01-01 2021-12-31 C000630 9 2021-01-01 2021-12-31 C000630 10 2021-01-01 2021-12-31 C000630 11 2021-01-01 2021-12-31 C000630 12 2021-01-01 2021-12-31 C000630 13 2021-01-01 2021-12-31 C000630 14 2021-01-01 2021-12-31 C000630 15 2021-01-01 2021-12-31 C000630 16 2021-01-01 2021-12-31 C000630 17 2021-01-01 2021-12-31 C000630 18 2021-01-01 2021-12-31 C000630 19 2021-01-01 2021-12-31 C000630 20 2021-01-01 2021-12-31 C000630 21 2021-01-01 2021-12-31 C000630 22 2021-01-01 2021-12-31 C000630 23 2021-01-01 2021-12-31 C000630 24 2021-01-01 2021-12-31 C000630 25 2021-01-01 2021-12-31 C000630 26 2021-01-01 2021-12-31 C000630 27 2021-01-01 2021-12-31 C000630 28 2021-01-01 2021-12-31 C000630 29 2021-01-01 2021-12-31 C000630 30 2021-01-01 2021-12-31 C000630 31 2021-01-01 2021-12-31 C000630 32 2021-01-01 2021-12-31 C000630 1 2021-01-01 2021-12-31 C000630 2 2021-01-01 2021-12-31 C000630 3 2021-01-01 2021-12-31 C000630 4 2021-01-01 2021-12-31 C000630 1 2021-01-01 2021-12-31 C000630 1 2021-12-31 C000630 2 2021-01-01 2021-12-31 C000630 2 2021-12-31 C000630 3 2021-01-01 2021-12-31 C000630 4 2021-01-01 2021-12-31 C000630 5 2021-01-01 2021-12-31 C000630 6 2021-01-01 2021-12-31 C000630 7 2021-01-01 2021-12-31 C000630 8 2021-01-01 2021-12-31 C000630 9 2021-01-01 2021-12-31 C000630 10 2021-01-01 2021-12-31 C000630 11 2021-01-01 2021-12-31 C000630 12 2021-01-01 2021-12-31 C000630 13 2021-01-01 2021-12-31 C000630 14 2021-01-01 2021-12-31 C000630 15 2021-01-01 2021-12-31 C000630 16 2021-01-01 2021-12-31 C000630 1 2021-01-01 2021-12-31 C000630 1 2021-12-31 C000630 2 2021-01-01 2021-12-31 C000630 2 2021-12-31 C000630 1 2021-01-01 2021-12-31 C000630 1 2021-12-31 C000630 2 2021-01-01 2021-12-31 C000630 3 2021-01-01 2021-12-31 C000630 1 2021-01-01 2021-12-31 C000630 1 2021-01-01 2021-12-31 C000630 ferc:OilProductsMember 2021-01-01 2021-12-31 C000630 ferc:OilProductsTrunkMember 2021-01-01 2021-12-31 C000630 ferc:OilProductsDeliveryMember 2021-01-01 2021-12-31 C000630 2 2021-01-01 2021-12-31 C000630 3 2021-01-01 2021-12-31 C000630 4 2021-01-01 2021-12-31 C000630 5 2021-01-01 2021-12-31 C000630 6 2021-01-01 2021-12-31 C000630 7 2021-01-01 2021-12-31 C000630 8 2021-01-01 2021-12-31 C000630 9 2021-01-01 2021-12-31 C000630 10 2021-01-01 2021-12-31 C000630 11 2021-01-01 2021-12-31 C000630 12 2021-01-01 2021-12-31 C000630 13 2021-01-01 2021-12-31 C000630 14 2021-01-01 2021-12-31 C000630 15 2021-01-01 2021-12-31 C000630 16 2021-01-01 2021-12-31 C000630 17 2021-01-01 2021-12-31 C000630 18 2021-01-01 2021-12-31 C000630 19 2021-01-01 2021-12-31 C000630 20 2021-01-01 2021-12-31 C000630 21 2021-01-01 2021-12-31 C000630 22 2021-01-01 2021-12-31 C000630 23 2021-01-01 2021-12-31 C000630 24 2021-01-01 2021-12-31 C000630 25 2021-01-01 2021-12-31 C000630 26 2021-01-01 2021-12-31 C000630 27 2021-01-01 2021-12-31 C000630 28 2021-01-01 2021-12-31 C000630 29 2021-01-01 2021-12-31 C000630 30 2021-01-01 2021-12-31 C000630 31 2021-01-01 2021-12-31 C000630 32 2021-01-01 2021-12-31 C000630 33 2021-01-01 2021-12-31 C000630 34 2021-01-01 2021-12-31 C000630 35 2021-01-01 2021-12-31 C000630 36 2021-01-01 2021-12-31 C000630 37 2021-01-01 2021-12-31 C000630 38 2021-01-01 2021-12-31 C000630 39 2021-01-01 2021-12-31 C000630 40 2021-01-01 2021-12-31 C000630 41 2021-01-01 2021-12-31 C000630 42 2021-01-01 2021-12-31 C000630 43 2021-01-01 2021-12-31 C000630 44 2021-01-01 2021-12-31 C000630 45 2021-01-01 2021-12-31 C000630 46 2021-01-01 2021-12-31 C000630 47 2021-01-01 2021-12-31 C000630 48 2021-01-01 2021-12-31 C000630 49 2021-01-01 2021-12-31 C000630 50 2021-01-01 2021-12-31 C000630 51 2021-01-01 2021-12-31 C000630 52 2021-01-01 2021-12-31 C000630 53 2021-01-01 2021-12-31 C000630 59 2021-01-01 2021-12-31 C000630 1 2021-01-01 2021-12-31 C000630 1 2020-12-31 C000630 1 2021-12-31 C000630 2 2021-01-01 2021-12-31 C000630 ferc:OilProductsMember 16 2021-01-01 2021-12-31 C000630 ferc:OilProductsMember 17 2021-01-01 2021-12-31 C000630 ferc:OilProductsMember 18 2021-01-01 2021-12-31 C000630 ferc:OilProductsMember 19 2021-01-01 2021-12-31 C000630 ferc:OilProductsMember 20 2021-01-01 2021-12-31 C000630 ferc:OilProductsMember 21 2021-01-01 2021-12-31 C000630 ferc:OilProductsMember 22 2021-01-01 2021-12-31 C000630 ferc:OilProductsMember 24 2021-01-01 2021-12-31 C000630 ferc:OilProductsMember 25 2021-01-01 2021-12-31 C000630 ferc:OilProductsMember 26 2021-01-01 2021-12-31 C000630 2 2021-01-01 2021-12-31 C000630 3 2021-01-01 2021-12-31 C000630 4 2021-01-01 2021-12-31 C000630 5 2021-01-01 2021-12-31 C000630 6 2021-01-01 2021-12-31 C000630 7 2021-01-01 2021-12-31 C000630 8 2021-01-01 2021-12-31 C000630 9 2021-01-01 2021-12-31 C000630 10 2021-01-01 2021-12-31 C000630 11 2021-01-01 2021-12-31 C000630 12 2021-01-01 2021-12-31 C000630 13 2021-01-01 2021-12-31 C000630 16 2021-01-01 2021-12-31 C000630 17 2021-01-01 2021-12-31 C000630 18 2021-01-01 2021-12-31 C000630 19 2021-01-01 2021-12-31 C000630 20 2021-01-01 2021-12-31 C000630 21 2021-01-01 2021-12-31 C000630 22 2021-01-01 2021-12-31 C000630 23 2021-01-01 2021-12-31 C000630 24 2021-01-01 2021-12-31 C000630 25 2021-01-01 2021-12-31 C000630 26 2021-01-01 2021-12-31 C000630 27 2021-01-01 2021-12-31 C000630 28 2021-01-01 2021-12-31 C000630 29 2021-01-01 2021-12-31 C000630 30 2021-01-01 2021-12-31 C000630 31 2021-01-01 2021-12-31 C000630 32 2021-01-01 2021-12-31 C000630 33 2021-01-01 2021-12-31 C000630 34 2021-01-01 2021-12-31 C000630 35 2021-01-01 2021-12-31 C000630 36 2021-01-01 2021-12-31 C000630 1 2021-01-01 2021-12-31 C000630 2 2021-01-01 2021-12-31 C000630 3 2021-01-01 2021-12-31 C000630 4 2021-01-01 2021-12-31 C000630 5 2021-01-01 2021-12-31 C000630 6 2021-01-01 2021-12-31 C000630 7 2021-01-01 2021-12-31 C000630 8 2021-01-01 2021-12-31 C000630 9 2021-01-01 2021-12-31 C000630 10 2021-01-01 2021-12-31 C000630 11 2021-01-01 2021-12-31 C000630 12 2021-01-01 2021-12-31 C000630 13 2021-01-01 2021-12-31 C000630 14 2021-01-01 2021-12-31 C000630 15 2021-01-01 2021-12-31 C000630 16 2021-01-01 2021-12-31 C000630 17 2021-01-01 2021-12-31 C000630 18 2021-01-01 2021-12-31 C000630 19 2021-01-01 2021-12-31 C000630 20 2021-01-01 2021-12-31 C000630 21 2021-01-01 2021-12-31 C000630 22 2021-01-01 2021-12-31 C000630 23 2021-01-01 2021-12-31 C000630 24 2021-01-01 2021-12-31 C000630 25 2021-01-01 2021-12-31 C000630 26 2021-01-01 2021-12-31 C000630 27 2021-01-01 2021-12-31 C000630 28 2021-01-01 2021-12-31 C000630 29 2021-01-01 2021-12-31 C000630 30 2021-01-01 2021-12-31 C000630 31 2021-01-01 2021-12-31 C000630 32 2021-01-01 2021-12-31 C000630 33 2021-01-01 2021-12-31 C000630 34 2021-01-01 2021-12-31 C000630 35 2021-01-01 2021-12-31 C000630 36 2021-01-01 2021-12-31 C000630 37 2021-01-01 2021-12-31 C000630 38 2021-01-01 2021-12-31 C000630 39 2021-01-01 2021-12-31 C000630 40 2021-01-01 2021-12-31 C000630 41 2021-01-01 2021-12-31 C000630 42 2021-01-01 2021-12-31 C000630 43 2021-01-01 2021-12-31 C000630 44 2021-01-01 2021-12-31 C000630 45 2021-01-01 2021-12-31 C000630 46 2021-01-01 2021-12-31 C000630 47 2021-01-01 2021-12-31 C000630 48 2021-01-01 2021-12-31 C000630 49 2021-01-01 2021-12-31 C000630 2 2021-01-01 2021-12-31 C000630 5 2021-01-01 2021-12-31 C000630 6 2021-01-01 2021-12-31 C000630 9 2021-01-01 2021-12-31 C000630 12 2021-01-01 2021-12-31 C000630 15 2021-01-01 2021-12-31 C000630 18 2021-01-01 2021-12-31 C000630 ferc:OilProductsMember 2020-01-01 2020-12-31 C000630 ferc:InterstateTransportationMember 2020-01-01 2020-12-31 C000630 ferc:InterstateTransportationMember 2021-01-01 2021-12-31 C000630 ferc:IntrastateTransportationMember 2020-01-01 2020-12-31 C000630 ferc:IntrastateTransportationMember 2021-01-01 2021-12-31 C000630 1 2021-01-01 2021-12-31 C000630 1 2021-01-01 2021-12-31 C000630 1 2020-01-01 2020-12-31 C000630 2 2021-01-01 2021-12-31 C000630 2 2020-01-01 2020-12-31 C000630 1 2021-01-01 2021-12-31 C000630 1 2020-01-01 2020-12-31 C000630 2 2021-01-01 2021-12-31 C000630 2 2020-01-01 2020-12-31 C000630 3 2021-01-01 2021-12-31 C000630 3 2020-01-01 2020-12-31 C000630 4 2021-01-01 2021-12-31 C000630 4 2020-01-01 2020-12-31 C000630 5 2021-01-01 2021-12-31 C000630 5 2020-01-01 2020-12-31 C000630 6 2021-01-01 2021-12-31 C000630 6 2020-01-01 2020-12-31 C000630 7 2021-01-01 2021-12-31 C000630 8 2021-01-01 2021-12-31 C000630 8 2020-01-01 2020-12-31 C000630 2 2021-01-01 2021-12-31 C000630 3 2021-01-01 2021-12-31 C000630 4 2021-01-01 2021-12-31 C000630 5 2021-01-01 2021-12-31 C000630 5 2020-12-31 C000630 5 2021-12-31 C000630 6 2021-01-01 2021-12-31 C000630 7 2021-01-01 2021-12-31 C000630 10 2021-01-01 2021-12-31 C000630 11 2021-01-01 2021-12-31 C000630 11 2020-12-31 C000630 11 2021-12-31 C000630 12 2021-01-01 2021-12-31 C000630 12 2020-12-31 C000630 12 2021-12-31 C000630 13 2021-01-01 2021-12-31 C000630 13 2020-12-31 C000630 13 2021-12-31 C000630 14 2021-01-01 2021-12-31 C000630 14 2020-12-31 C000630 14 2021-12-31 C000630 15 2021-01-01 2021-12-31 C000630 16 2021-01-01 2021-12-31 C000630 17 2021-01-01 2021-12-31 C000630 17 2020-12-31 C000630 17 2021-12-31 C000630 1 2021-01-01 2021-12-31 C000630 1 2021-12-31 C000630 2 2021-01-01 2021-12-31 C000630 3 2021-01-01 2021-12-31 C000630 4 2021-01-01 2021-12-31 C000630 4 2021-12-31 C000630 5 2021-01-01 2021-12-31 C000630 6 2021-01-01 2021-12-31 C000630 7 2021-01-01 2021-12-31 C000630 8 2021-01-01 2021-12-31 C000630 8 2021-12-31 C000630 9 2021-01-01 2021-12-31 C000630 10 2021-01-01 2021-12-31 C000630 11 2021-01-01 2021-12-31 C000630 11 2021-12-31 C000630 12 2021-01-01 2021-12-31 C000630 13 2021-01-01 2021-12-31 C000630 14 2021-01-01 2021-12-31 C000630 15 2021-01-01 2021-12-31 C000630 16 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 2 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 3 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 4 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 5 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 6 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 7 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 8 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 9 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 10 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 11 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 12 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 13 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 14 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 15 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 16 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 17 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 18 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 19 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 20 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 21 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 22 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 23 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 24 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 25 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 26 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 27 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 28 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 29 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 30 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 31 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 32 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 33 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 34 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 35 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 36 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 37 2021-01-01 2021-12-31 C000630 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2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 51 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 52 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 53 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 54 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 55 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 56 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 57 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 58 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 59 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 60 2021-01-01 2021-12-31 C000630 ferc:WhollyOwnedAndOperatedByRespondentMember 2021-01-01 2021-12-31 C000630 5 2021-01-01 2021-12-31 C000630 1 2021-12-31 C000630 1 2021-01-01 2021-12-31 C000630 2 2021-12-31 C000630 2 2021-01-01 2021-12-31 C000630 3 2021-12-31 C000630 3 2021-01-01 2021-12-31 C000630 4 2021-01-01 2021-12-31 C000630 5 2021-01-01 2021-12-31 C000630 6 2021-01-01 2021-12-31 C000630 7 2021-01-01 2021-12-31 C000630 8 2021-01-01 2021-12-31 C000630 9 2021-01-01 2021-12-31 C000630 10 2021-01-01 2021-12-31 C000630 11 2021-01-01 2021-12-31 C000630 12 2021-01-01 2021-12-31 C000630 13 2021-01-01 2021-12-31 C000630 14 2021-01-01 2021-12-31 C000630 15 2021-01-01 2021-12-31 C000630 16 2021-01-01 2021-12-31 C000630 17 2021-01-01 2021-12-31 C000630 18 2021-01-01 2021-12-31 C000630 19 2021-01-01 2021-12-31 C000630 20 2021-01-01 2021-12-31 C000630 21 2021-01-01 2021-12-31 C000630 22 2021-01-01 2021-12-31 C000630 23 2021-01-01 2021-12-31 C000630 24 2021-01-01 2021-12-31 C000630 25 2021-01-01 2021-12-31 C000630 26 2021-01-01 2021-12-31 C000630 27 2021-01-01 2021-12-31 C000630 28 2021-01-01 2021-12-31 C000630 29 2021-01-01 2021-12-31 C000630 30 2021-01-01 2021-12-31 C000630 31 2021-01-01 2021-12-31 C000630 32 2021-01-01 2021-12-31 C000630 33 2021-01-01 2021-12-31 C000630 34 2021-01-01 2021-12-31 C000630 35 2021-01-01 2021-12-31 C000630 36 2021-01-01 2021-12-31 C000630 37 2021-01-01 2021-12-31 C000630 38 2021-01-01 2021-12-31 C000630 39 2021-01-01 2021-12-31 C000630 40 2021-01-01 2021-12-31 C000630 41 2021-01-01 2021-12-31 C000630 1 2021-01-01 2021-12-31 C000630 2 2021-01-01 2021-12-31 xbrli:shares xbrli:pure utr:bbl utr:in utr:mi iso4217:USD iso4217:USD xbrli:shares Products (SE) Pipe Line Corporation 1940-07-08 Delaware - General Corporation Law of Delaware (1940); Virginia - Public Service Corporation Law of Commonwealth of Virginia (1964) NA NA NA No <div><p>1. None</p> <p>2. None</p> <p>3. None</p> <p>4. See Notes to Financial Statements Page 122, Note 2 - Commitments and Contingencies</p> <p>5. NA</p></div> 4690615 213004 -213004 -213004 4477611 12313378 39996 39996 39996 12353374 110708478 1501080 150537 1350543 1350543 112059021 9760511 4421 4421 -29697 -25276 9735235 160963920 1575995 1575995 1575995 162539915 23012911 -720598 11650 -732248 -732248 22280663 37834141 240623 2356 238267 238267 38072408 196166467 5090609 37470 5053139 35945 5089084 201255551 69106188 873820 305584 568236 1342827 1911063 71017251 33624840 133835 133835 133835 33758675 6607498 1019644 1019644 1019644 7627142 6120849 159237 159237 159237 6280086 10064817 501825 479443 22382 22382 10087199 680974613 10420487 1200044 9220443 1349075 10569518 691544131 2263464 2763392 2763392 2763392 5026856 2263464 2763392 2763392 2763392 5026856 683238077 13183879 1200044 11983835 1349075 13332910 696570987 Reimbursable Projects 2600383 Minor items, each less than $500,000 4833 2605216 1 2 1 1 16500000 16500000 Alabama 845366 Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia 1108977 Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana 1806184 Maine Maryland Massachusetts Michigan Minnesota Mississippi 3184822 Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina 937455 North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina 887294 South Dakota Tennessee 109001 Texas Utah Vermont Virginia 521081 Washington West Virginia Wisconsin Wyoming District of Columbia Other (Specify): 9400180 9400180 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 59 Investment in carrier property booster stations and other facilities installed to increase system capacity 529289 529289 529289 529289 529289 529289 529289 529289 1 2 Louisiana 29111 42400049 52989791 95389840 Louisiana 29112 2127656 4321883 6449539 Louisiana 29113 17977658 25456067 43433725 Mississippi 29111 16405983 21426452 37832435 Mississippi 29112 395436 7241887 7637323 Mississippi 29113 3060260 3149812 6210072 Alabama 29111 39278 39278 29111 133745192 133745192 29112 13131757 13131757 29113 49900565 49900565 82406320 114585892 196992212 196777514 196777514 82406320 114585892 196992212 196777514 196777514 121647263486 196777514 2 3 4 5 6 7 8 9 10 11 12 13 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Tankage and Injection Facilities at Kola, MS 2851652 335579 Tankage and Injection Facilities at Baton Rouge, LA 702790 24020 Dye Injection Facilities 47690 23773 Fiber Optics Leases 3476808 97408 Tank Rental at Collins, MS 192000 4124 Miscellaneous 600 7271540 484904 6786636 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 11912236 3696 11915932 0.0003 91764691 730282 150537 -449379 91895057 0.0392 3418262 192075 -1502 3608835 0.0197 134416411 467626 -59084 134824953 0.0029 13483864 236433 11650 -5927 13702720 0.0103 30572760 154001 2356 -14075 30710330 0.0041 75487256 3361962 37470 -52211 78759537 0.0171 29384621 1177057 305584 540011 30796105 0.0170 30424135 94031 30518166 0.0341 5891093 165128 6056221 0.1131 5775886 351492 6127378 0.0984 8398040 868956 479443 87613 8875166 0.1714 440929255 7802739 987040 45446 447790400 440929255 7802739 987040 45446 447790400 197576 Minor items, each less than $250,000 936338 Overhead burden recovery 17533 Minor items, each less than $250,000 2 5 6 9 12 15 18 1 173045927 151912354 87179918 78633573 87179918 78633573 104000000 57500000 104000000 57500000 -16820082 21133573 156225845 156225845 173045927 281278946 259305264 171874259 164070357 109404687 95234907 6614665 11575 208315 197576 382764 433 1734 -918805 -432192 7914159 7636202 117318846 102871109 29740192 15639150 398736 8598386 87179918 78633573 87179918 78633573 87179918 78633573 -13644141 -13644141 3168722 3168722 3168722 3168722 81802295 -10475419 -10475419 3583627 3583627 3583627 3583627 90763545 -6891792 -6891792 225427851 232203837 5926552 3852868 231354403 236056705 3875328 3946714 3875328 3946714 229303179 236150551 5926552 3852868 235229731 240003419 231354403 236056705 3875328 3946714 24048335 41240664 24048335 41240664 27198 34863 27198 34863 259305264 281278946 3067205 157414 3224619 3224619 57971201 2975181 60946382 60946382 35034194 1798015 36832209 36832209 19269544 988946 20258490 20258490 978282 50207 1028489 1028489 1180700 60596 1241296 1241296 117501126 6030359 123531485 123531485 731376 37535 768911 768911 7708708 94031 7802739 7802739 5422923 278314 5701237 5701237 13330 684 14014 14014 276766 14204 290970 290970 8941297 458883 9400180 23175326 1189397 24364723 24364723 46269726 2073048 48342774 48342774 163770852 8103407 171874259 NA NA NA NA NA NA NA NA NA NA NA Not Prepared 6401 Interest on shipper late payments 5174 11575 5 12 79 MS state line Baton Rouge Products(SE)Pipe Line Corp-LA 18 110 MS state line Baton Rouge Products(SE)Pipe Line Corp-LA 12 71 Collins, MS MS state line Products(SE)Pipe Line Corp-MS 18 142 Collins, MS MS state line Products(SE)Pipe Line Corp-MS 18 134 Meridian, MS Collins, MS Products(SE)Pipe Line Corp-MS 30 68 Meridian, MS Collins, MS Products(SE)Pipe Line Corp-MS 18 32 Lockhart, MS Meridian, MS Products(SE)Pipe Line Corp-MS 30 16 Lockhart, MS Meridian, MS Products(SE)Pipe Line Corp-MS 18 24 AL state line Lockhart, MS Products(SE)Pipe Line Corp-MS 30 12 AL state line Lockhart, MS Products(SE)Pipe Line Corp-MS 12 230 Collins, MS Pascagoula, MS Products(SE)Pipe Line Corp-MS 8 6 Warren LPG, MS Hattiesburg, MS Products(SE)Pipe Line Corp-MS 18 108 Moundville, AL AL state line Products(SE)Pipe Line Corp-AL 30 54 Moundville, AL AL state line Products(SE)Pipe Line Corp-AL 18 172 Oxford, AL Moundville, AL Products(SE)Pipe Line Corp-AL 30 120 Oxford, AL Moundville, AL Products(SE)Pipe Line Corp-AL 18 26 GA state line Oxford, AL Products(SE)Pipe Line Corp-AL 30 26 GA state line Oxford, AL Products(SE)Pipe Line Corp-AL 8 13 Birmingham, AL Helena, AL Products(SE)Pipe Line Corp-AL 10 13 Birmingham, AL Helena, AL Products(SE)Pipe Line Corp-AL 8 73 Montgomery, AL Helena, AL Products(SE)Pipe Line Corp-AL 18 12 Bremen, GA AL state line Products(SE)Pipe Line Corp-GA 30 12 Bremen, GA AL state line Products(SE)Pipe Line Corp-GA 12 28 Austell, GA Bremen, GA Products(SE)Pipe Line Corp-GA 14 55 Doraville, GA Bremen, GA Products(SE)Pipe Line Corp-GA 26 54 Doraville, GA Bremen, GA Products(SE)Pipe Line Corp-GA 14 50 Athens, GA Doraville, GA Products(SE)Pipe Line Corp-GA 26 50 Athens, GA Doraville, GA Products(SE)Pipe Line Corp-GA 14 44 SC state line Athens, GA Products(SE)Pipe Line Corp-GA 26 44 SC state line Athens, GA Products(SE)Pipe Line Corp-GA 8 93 TN state line Bremen, GA Products(SE)Pipe Line Corp-GA 8 112 Macon, GA Bremen, GA Products(SE)Pipe Line Corp-GA 8 86 Columbus, GA Bremen, GA Products(SE)Pipe Line Corp-GA 12 19 Atl Intl Airport Austell, GA Products(SE)Pipe Line Corp-GA 8 7 Chattanooga, TN Ga state line Products(SE)Pipe Line Corp-TN 8 98 Knoxville, TN Chattanooga, TN Products(SE)Pipe Line Corp-TN 14 24 Belton, SC SC state line Products(SE)Pipe Line Corp-SC 26 24 Belton, SC SC state line Products(SE)Pipe Line Corp-SC 14 44 Spartanburg, SC Belton, SC Products(SE)Pipe Line Corp-SC 26 44 Spartanburg, SC Belton, SC Products(SE)Pipe Line Corp-SC 14 34 NC state line Spartanburg, SC Products(SE)Pipe Line Corp-SC 26 34 NC state line Spartanburg, SC Products(SE)Pipe Line Corp-SC 14 27 Charlotte, NC SC state line Products(SE)Pipe Line Corp-NC 26 27 Charlotte, NC SC state line Products(SE)Pipe Line Corp-NC 14 37 Salisbury, NC Charlotte, NC Products(SE)Pipe Line Corp-NC 26 37 Salisbury, NC Charlotte, NC Products(SE)Pipe Line Corp-NC 6 4 Charlotte Airport Charlotte, NC Products(SE)Pipe Line Corp-NC 14 44 Greenboro, NC Salisbury, NC Products(SE)Pipe Line Corp-NC 26 44 Greenboro, NC Salisbury, NC Products(SE)Pipe Line Corp-NC 14 61 VA state line Greenboro, NC Products(SE)Pipe Line Corp-NC 8 37 VA state line Greenboro, NC Products(SE)Pipe Line Corp-NC 14 104 Richmond Junction NC state line Products(SE)Pipe Line Corp-VA 12 64 Fredericksburg Richmond Junction Products(SE)Pipe Line Corp-VA 12 37 Washington Sta Fredericksburg Products(SE)Pipe Line Corp-VA 6 24 Dulles Airport Washington Sta Products(SE)Pipe Line Corp-VA 6 14 Washington Airport Washington Sta Products(SE)Pipe Line Corp-VA 8 50 Roanoke, VA NC state line Products(SE)Pipe Line Corp-VA 8 13 Richmond, VA Richmond Junction Products(SE)Pipe Line Corp-VA 14 13 Richmond, VA Richmond Junction Products(SE)Pipe Line Corp-VA 3134 3134 10000 100 100.00 100 Common Stock - 1940 9990000 99900 100.00 99900 Common Stock - 1941 2750000 27500 100.00 27500 Common Stock - 1942 12750000 127500 127500 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 ExxonMobil Corporation NJ ExxonMobil Corporation DE 0.4883 Kinder Morgan, Inc. DE Kinder Morgan Operating LLC "D" DE 0.2713 Kinder Morgan, Inc. DE Kinder Morgan Operating LLC "A" DE 0.2404 1 2 3 7174637 18739092 29832690 5741043 8798543 21856051 15642514 745294 1443866 1537500 66756 64450 606933 1241792 1608875 1515722 57237253 59378505 696570987 683238077 447790400 440929255 248251298 241779533 74742 13780272 15114981 7192056 7655316 6588216 7459665 254914256 249239198 3822519 4052708 319248 6427735 4371956 318579244 312989659 2202560 2941959 45749881 25339204 1941978 5380806 6648444 6555939 56542863 40217908 39115347 39017286 44336981 41933957 83452328 80951243 139995191 121169151 12750000 178584053 191820508 318579244 312989659 Kinder Morgan, Inc. & Affiliates Transmix processing, intercompany invoices processed by Kinder Morgan 2202560 1 2 3 163117417 155086660 7757365 7477363 356660 343033 5217338 5333444 246807702 225043887 92756102 93880516 339563804 318924403 0.2445 0.2478 0.7555 0.7522 0.0409 0.0410 0.1200 0.1200 0.1007 0.1004 3395655 3240208 30784854 28787392 34180509 32027600 11861748 10622066 0.2500 0.2400 222491037 210890166 276193715 252256461 189925133 186054430 120939864327 117103208951 Kinder Morgan, Inc. & Affiliates Transportation & Transmix Revenues Receivable 4732024 Exxon Mobil Oil Corporation Transportation Revenues Receivable 1009019 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 President Dax Sanders 1001 Louisiana St., Suite 1000, Houston, TX 77002 Vice President & Chief Financial Officer David Michels 1001 Louisiana St., Suite 1000, Houston, TX 77002 Vice President & Chief Compliance Officer C. Todd Piczak 1001 Louisiana St., Suite 1000, Houston, TX 77002 Vice President & Treasurer Chris Graeter 1001 Louisiana St., Suite 1000, Houston, TX 77002 Vice President & Secretary Adam Forman 1001 Louisiana St., Suite 1000, Houston, TX 77002 Vice President & Controller Matthew Wojtalewicz 1001 Louisiana St., Suite 1000, Houston, TX 77002 Vice President & Chief Tax Officer Jordan Mintz 1001 Louisiana St., Suite 1000, Houston, TX 77002 Vice President & Chief Information Officer Mark Huse 1001 Louisiana St., Suite 1000, Houston, TX 77002 Vice President Meli Armstrong 1001 Louisiana St., Suite 1000, Houston, TX 77002 Vice President Charles Lindley 1001 Louisiana St., Suite 1000, Houston, TX 77002 Vice President Denise Mathews 1001 Louisiana St., Suite 1000, Houston, TX 77002 Vice President Michael Pitta 1001 Louisiana St., Suite 1000, Houston, TX 77002 Vice President Daniel Sanborn 1001 Louisiana St., Suite 1000, Houston, TX 77002 Vice President Wayne Simmons 1001 Louisiana St., Suite 1000, Houston, TX 77002 Vice President Corey Staab 1001 Louisiana St., Suite 1000, Houston, TX 77002 Vice President, Finance Anthony Tortorice 1001 Louisiana St., Suite 1000, Houston, TX 77002 Assistant Secretary Susan Kittey 1001 Louisiana St., Suite 1000, Houston, TX 77002 Assistant Secretary James Price 1001 Louisiana St., Suite 1000, Houston, TX 77002 Assistant Treasurer Mindy Thornock 1001 Louisiana St., Suite 1000, Houston, TX 77002 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Dax Sanders, Director 1001 Louisiana Street, Suite 1000, Houston, TX 77002 true Charles Lindley, Director 1001 Louisiana Street, Suite 1000, Houston, TX 77002 true Steven A. Yatauro, Director 22777 Springwoods Village Pkwy, Spring, TX 77389 true Mary E. Hollein, Director 22777 Springwoods Village Pkwy, Spring, TX 77389 true 1 2 3 4 Land - 35 acres 1990-01-01 27559 Location = Kola, MS Tankage and injection facilities 10619393 Location = Kola, MS (Various acquisition dates) Red dye Injection facilities 1997-01-01 22454 Location = various along the pipeline Telecommunications property 2000-12-01 3110866 Location = various along the pipeline 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Deferred Income Tax Assets/Liabilities: Accelerated Depreciation Employee Benefits Contingent Environmental Liabilities -1515722 -93153 -1608875 Other (Specify) -1515722 -93153 -1608875 Accumulated Deferred Income Tax Assets/Liabilities: Accelerated Depreciation 51770296 2251250 54021546 FAS 87 Pension Expense 72825 -1562193 -1489368 FAS 106 Post Retirement Benefits Accrual -2975595 66726 -2908869 Contingent Environmental Liabilities -2835003 -93123 -2928126 Other (Specify) Book Accruals Other Comprehensive Income -4098566 -170771 1911135 -2358202 41933957 491889 1911135 44336981 2 3 4 5 6 7 10 11 12 13 14 15 16 17 <div><p class="MsoNormal"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><em><strong>1</strong></em><strong style="mso-bidi-font-weight: normal;"><em style="mso-bidi-font-style: normal;"><strong>.</strong> Financial Statements -</em></strong></font></p> <p class="MsoNormal"><font style="font-size: 14pt; text-align: justify;">For the year ended December 31, 2021, there have been no important changes regarding the Balance Sheet, Statement of Income, Statement of Retained Income or Statement of Cash Flows.</font></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><strong style="mso-bidi-font-weight: normal;"><em style="mso-bidi-font-style: normal;">Organization -</em></strong></font></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14pt;">Products (SE) Pipe Line Corporation ("the Company", "we", "our") owns and operates a petroleum products pipeline system.</font> <font style="font-size: 14pt;">The system consists of approximately 3,200 miles of petroleum products pipeline extending from Louisiana to Virginia and Washington, D.C., which is designed to transport gasoline, jet fuel, diesel and biodiesel.</font></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><strong style="mso-bidi-font-weight: normal;"><em style="mso-bidi-font-style: normal;">Basis of Presentation -</em></strong></font></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14pt;">We maintain our chart of accounts to comply with the Federal Energy Regulatory Commission's (FERC) Uniform System of Accounts (</font>USoA<font style="font-size: 14pt;">) for oil pipelines.</font> <font style="font-size: 14pt;">Therefore, the amounts contained in this Form 6 may not necessarily reflect or capture all costs required for analysis using the regulatory methodology set forth in the </font>FERC's<font style="font-size: 14pt;"> Opinion </font>Nos<font style="font-size: 14pt;">. 154-B, et.al.</font></p> <p class="MsoNormal" style="text-align: justify;"><em style="text-indent: 0.5in;"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Coronavirus Diseases 2019 (COVID-19)</font></em></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14pt; text-indent: 0.5in;">The COVID-19 pandemic resulted in reductions in energy demand and the dramatic decline in commodity prices in 2020.</font> <font style="font-size: 14pt; text-indent: 0.5in;">Sharp declines in the supply of and demand for energy related commodities due to the economic shutdown in the wake of the pandemic also affected the energy industry during 2020.</font> <font style="font-size: 14pt; text-indent: 0.5in;">The sustainability of the economic recovery observed in 2021 remains unclear as efforts to combat the virus have been complicated by new variants.</font> <font style="font-size: 14pt; text-indent: 0.5in;">Further, significant uncertainty remains regarding the duration and extent of the impact of the pandemic (including the pace and efficacy of vaccination efforts) on the energy industry, including demand and prices for hydrocarbons, and our ability to reasonably predict the potential impact of COVID-19 on our business and operations.</font></p> <p class="Normal" style="text-align: justify; tab-stops: .5in 113.4pt;"><strong><em><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">2. Commitments and Contingencies -</font></em></strong></p> <p class="MsoNormal"><strong style="font-size: 14pt;"><em>Asset Retirement Obligations (ARO) -</em></strong></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14pt; text-align: justify;">We record liabilities for obligations related to the retirement and removal of long-lived assets used in our business.</font> <font style="font-size: 14pt; text-align: justify;">We record, as liabilities, the fair value of ARO on a discounted basis when they are incurred and can be reasonably estimated, which is typically at the time the assets are installed or acquired.</font> <font style="font-size: 14pt; text-align: justify;">Amounts recorded for the related assets are increased by the amount of these obligations.</font> <font style="font-size: 14pt; text-align: justify;">Over time, the liabilities increase due to the change in present value, and the initial capitalized costs are depreciated over the useful lives of the related assets.</font> <font style="font-size: 14pt; text-align: justify;">The liabilities are eventually extinguished when the asset is taken out of service.</font></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14pt; text-align: justify;">We are required to operate and maintain our pipeline facilities, and intend to do so as long as supply and demand for such services exist, which we expect for the foreseeable future.</font> <font style="font-size: 14pt; text-align: justify;">Therefore, we believe that we cannot reasonably estimate the ARO for the substantial majority of our assets because these assets have indeterminate lives.</font> <font style="font-size: 14pt; text-align: justify;">We continue to evaluate our ARO and future developments could impact the amounts we record.</font> <font style="font-size: 14pt; text-align: justify;">We had no ARO as of December 31, 2021.</font></p> <p class="MsoNormal"><strong style="font-size: 14pt;"><em>Environmental Matters -</em></strong></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14pt; text-align: justify; text-indent: 0.5in;">We capitalize or expense, as appropriate, environmental expenditures.</font> <font style="font-size: 14pt; text-align: justify; text-indent: 0.5in;">We capitalize certain environmental expenditures required to obtain rights-of-way, regulatory approvals or permitting as part of the construction of facilities we use in our business operations.</font> <font style="font-size: 14pt; text-align: justify; text-indent: 0.5in;">We accrue and expense environmental costs that relate to an existing condition caused by past operations, which do not contribute to current or future revenue generation. We generally do not discount environmental liabilities to a net present value, and we record environmental liabilities when environmental assessments and/or remedial efforts are probable and we can reasonably estimate the costs.</font> <font style="font-size: 14pt; text-align: justify; text-indent: 0.5in;">Generally, our accrual of these environmental liabilities coincides with either our completion of a feasibility study or our commitment to a formal plan of action.</font> <font style="font-size: 14pt; text-align: justify; text-indent: 0.5in;">We recognize receivables for anticipated associated insurance recoveries when such recoveries are deemed to be probable.</font></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14pt; text-align: justify; text-indent: 0.5in;">We routinely conduct reviews of potential environmental issues and claims that could impact our assets or operations.</font> <font style="font-size: 14pt; text-align: justify; text-indent: 0.5in;">These reviews assist us in identifying environmental issues and estimating the costs and timing of remediation efforts.</font> <font style="font-size: 14pt; text-align: justify; text-indent: 0.5in;">We also routinely adjust our environmental liabilities to reflect changes in previous estimates.</font> <font style="font-size: 14pt; text-align: justify; text-indent: 0.5in;">In making environmental liability estimations, we consider the material effect of environmental compliance, pending legal actions against us, and potential third-party liability claims we may have against others.</font> <font style="font-size: 14pt; text-align: justify; text-indent: 0.5in;">Often, as the remediation evaluation and effort progresses, additional information is obtained, requiring revisions to estimated costs.</font> <font style="font-size: 14pt; text-align: justify; text-indent: 0.5in;">These revisions are reflected in our income in the period in which they are reasonably determinable.</font></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14pt; text-align: justify; text-indent: 0.5in;">We are subject to environmental cleanup and enforcement actions from time to time. In particular, the Comprehensive Environmental Response, Compensation and Liability Act generally imposes joint and several liability for cleanup and enforcement costs on current and predecessor owners and operators of a site, among others, without regard to fault or the legality of the original conduct, subject to the right of a liable party to establish a "reasonable basis" for apportionment of costs. Our operations are also subject to federal, state and local laws and regulations relating to protection of the environment. Although we believe our operations are in substantial compliance with applicable environmental laws and regulations, risks of additional costs and liabilities are inherent in our operations, and there can be no assurance that we will not incur significant costs and liabilities. Moreover, it is possible that other developments could result in substantial costs and liabilities to us, such as increasingly stringent environmental laws, regulations and enforcement policies under the terms of authority of those laws, and claims for damages to property or persons resulting from our operations.</font></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Although it is not possible to predict the ultimate outcomes, we believe that the resolution of the environmental matters, and other matters to which we are a party, will not have a material adverse effect on our business.</font></p> <p class="MsoNormal"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><strong style="mso-bidi-font-weight: normal;"><em style="mso-bidi-font-style: normal;">Legal Proceedings and Contingencies - </em></strong></font></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">We are, or may be, party to various legal, regulatory and other matters arising from the day-to-day operations of our businesses that may result in claims against the Company. Although no assurance can be given, we believe, based on our experiences to date and taking into account established reserves, that the ultimate resolution of such items will not have a material adverse impact on our business, financial position, results of operations or cash flows. We believe we have meritorious defenses to the matters to which we are a party and intend to vigorously defend the Company. When we determine a loss is probable of occurring and is reasonably estimable, we accrue an undiscounted liability for such contingencies based on our best estimate using information available at that time. If the estimated loss is a range of potential outcomes and there is no better estimate within the range, we accrue the amount at the low end of the range. We disclose contingencies were an adverse outcome may be material, of in the judgment of management, we conclude the matter should otherwise be disclosed.</font></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">There are currently no material legal proceedings against the Company as of December 31, 2021. </font></p> <p class="MsoNormal"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><em><strong>3.</strong></em> <strong style="mso-bidi-font-weight: normal;"><em style="mso-bidi-font-style: normal;">Pensions and Postretirement Benefits -</em></strong> </font></p> <p class="MsoNormal"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><strong style="mso-bidi-font-weight: normal;"><em style="mso-bidi-font-style: normal;">Employees' Annuity Plan - </em></strong></font></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">We currently maintain a defined benefit pension plan, referred to as the Employees' Annuity Plan. Previous employees of the Company who were covered under the plan before becoming employees of KMI under an operating agreement are grandfathered under the plan and the plan is closed for new participants. Benefits are based on both years of service and the employee's compensation averaged over the highest 36 consecutive months during the 10 years preceding retirement or termination. Our funding policy is to contribute the greater of the minimum amount required under the Employee Retirement Income Security Act of 1974 or the amount required to avoid benefit restrictions. The assets of the Employees' Annuity Plan are held in common collective trusts and immediate participation guarantee contracts administered by certain insurance companies. Contributions are intended to provide not only for benefits attributed to service to date, but also for those expected to be earned in the future.</font></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The Employees' Annuity Plan includes a health benefits account. In accordance with the Internal Revenue Code of 1986, excess assets of the plan may be transferred to the health benefits account and used to reimburse the Company for the retiree health benefit costs of eligible retirees. Transfers of excess pension plan assets to the health benefits account total $0 in 2021 and 2020. The measurement date for the Employees' Annuity Plan is December 31.</font></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The net periodic cost expensed as of December 31, 2021 and 2020 is $6,261,000 and $6,002,000, respectively. The ending balance of the projected pension benefit obligation for the years ended December 31, 2021 and 2020 is $52,880,000 and $70,904,000, respectively.</font></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The rate of increase in future compensation levels used in determining the actuarial present value of the projected benefit obligation was 3.5% at December 31, 2021 and 2020.</font></p> <p class="MsoNormal"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><strong style="mso-bidi-font-weight: normal;"><em style="mso-bidi-font-style: normal;">Postretirement Benefits Plan - </em></strong></font></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">We provide postretirement benefits, including medical benefits for a closed group of retirees and certain grandfathered former employees and their dependents (Postretirement Benefits Plan). Medical benefits for pre-age 65 participants of this closed group may be subject to deductibles, copayment provisions, dollar caps and other limitations on the amount of employer costs, and are subject to further benefit changes by KMI, the plan sponsor. Post-age 65 Medicare-eligible participants are provided a fixed subsidy to purchase coverage through a retiree Medicare exchange. In addition, certain employees continue to receive limited postretirement life insurance benefits. Retiree medical coverage is funded by us. The funding for retiree medical coverage paid by us totaled $589,000 in 2021 and $1,070,000 in 2020. Similar to the Employees' Annuity Plan, the following disclosures for the Postretirement Benefits Plan include postretirement benefit and periodic costs that are allocated to a KMI affiliate. During the years ended December 31, 2021 and 2020, net periodic benefit costs of the Postretirement Benefits Plan allocated to a KMI affiliate were not significant.</font></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The net postretirement benefit obligation as of December 31, 2021 and 2020 is $9,612,000 and $10,221,000, respectively.</font></p> <p class="MsoNormal" style="text-align: justify;"><strong style="text-indent: 0.5in;"><em><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Pension and Postretirement Benefit Obligation, Plan and Funded Status</font></em></strong></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Our pension and postretirement benefit obligations and net periodic pension/benefit costs/(credits) are primarily based on actuarial calculations. We use various assumptions in performing these calculations, including those related to the return that we expect to earn on our plan assets, the estimated cost of health care when benefits are provided under our plan and other factors. A significant assumption we utilize is the discount rates used in calculating the benefit obligations. The discount rate used in the measurement of our pension and postretirement benefit obligation is determined by matching the timing and amount of our expected future benefit payments for our pension and postretirement benefit obligation to the average yields of various high-quality bonds with corresponding maturities. We utilize a full yield curve approach in the estimate of the service and interest cost components of net periodic benefit cost (credit) for our pension and postretirement benefit plans by applying the specific spot rates along the yield curve used in the determination of the benefit obligation to their underlying projected cash flows.</font></p> <p class="MsoNormal"><strong style="mso-bidi-font-weight: normal;"><em style="mso-bidi-font-style: normal;"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">4. Changes in Operations - </font></em></strong></p> <p class="MsoNormal"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The Company has no significant changes in operations as of December 31, 2021.</font></p> <p class="MsoNormal"><strong style="mso-bidi-font-weight: normal;"><em style="mso-bidi-font-style: normal;"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">5. Income Taxes - </font></em></strong></p> <p class="MsoNormal" style="text-align: justify;"><font style="font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Income tax expense is recorded based on an estimate of the effective tax rate in effect or to be in effect during the relevant periods. Deferred income tax assets and liabilities are recognized for temporary differences between the basis of the assets and liabilities for financial reporting and tax purposes. Changes in tax legislation are included in the relevant computations in the period in which such changes are enacted. Deferred tax assets are reduced by a valuation allowance for the amount of any tax benefit we do not expect to be realized.</font></p> <p class="Normal" style="text-align: justify; tab-stops: .5in 113.4pt;"><font style="font-size: 14.0pt; font-family: 'Calibri',sans-serif; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Components of the income tax provision for federal and state taxes are as follows (in thousands):</font></p> <p class="Normal" style="text-align: justify; tab-stops: .5in 113.4pt;"></p> <p class="Normal" style="text-align: justify; tab-stops: .5in 113.4pt;"></p> <div align="center"> <table class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-border-insideh: none; mso-border-insidev: none;" border="0" cellspacing="0" cellpadding="0"> <tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes;"> <td style="width: 256.5pt; padding: 0in 5.4pt 0in 5.4pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"></p> </td> <td style="width: 273.9pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="4" valign="top" width="365"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: center; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="center"><strong style="mso-bidi-font-weight: normal;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><font style="text-decoration: underline;">Year Ended December 31,</font></font></strong></p> </td> </tr> <tr style="mso-yfti-irow: 1;"> <td style="width: 256.5pt; padding: 0in 5.4pt 0in 5.4pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"></p> </td> <td style="width: 130.5pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="top" width="174"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: center; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="center"><strong style="mso-bidi-font-weight: normal;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><font style="text-decoration: underline;">2021</font></font></strong></p> </td> <td style="width: 143.4pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="top" width="191"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: center; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="center"><strong style="mso-bidi-font-weight: normal;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><font style="text-decoration: underline;">2020</font></font></strong></p> </td> </tr> <tr style="mso-yfti-irow: 2;"> <td style="width: 256.5pt; padding: 0in 5.4pt 0in 5.4pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Current Tax Provision</font></p> </td> <td style="width: 130.5pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="top" width="174"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"></p> </td> <td style="width: 143.4pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="top" width="191"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"></p> </td> </tr> <tr style="mso-yfti-irow: 3; height: 14.35pt;"> <td style="width: 256.5pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.35pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify; line-height: normal; padding-left: 30px;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"> Federal</font></p> </td> <td style="width: 19.7pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.35pt;" valign="top" width="26"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">$ </font></p> </td> <td style="width: 110.8pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.35pt;" valign="top" width="148"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">23,075</font></p> </td> <td style="width: 27.0pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.35pt;" valign="top" width="36"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">$ </font></p> </td> <td style="width: 116.4pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.35pt;" valign="top" width="155"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">12,991</font></p> </td> </tr> <tr style="mso-yfti-irow: 4;"> <td style="width: 256.5pt; padding: 0in 5.4pt 0in 5.4pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify; line-height: normal; padding-left: 30px;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"> State</font></p> </td> <td style="width: 130.5pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="top" width="174"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><font style="text-decoration: underline;">6,665</font></font></p> </td> <td style="width: 143.4pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="top" width="191"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><font style="text-decoration: underline;">2,648</font></font></p> </td> </tr> <tr style="mso-yfti-irow: 5;"> <td style="width: 256.5pt; padding: 0in 5.4pt 0in 5.4pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"></p> </td> <td style="width: 130.5pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="top" width="174"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="text-decoration: underline;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">29,740</font></font></p> </td> <td style="width: 143.4pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="top" width="191"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="text-decoration: underline;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">15,639</font></font></p> </td> </tr> <tr style="mso-yfti-irow: 6;"> <td style="width: 256.5pt; padding: 0in 5.4pt 0in 5.4pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"></p> </td> <td style="width: 130.5pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="top" width="174"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"></p> </td> <td style="width: 143.4pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="top" width="191"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"></p> </td> </tr> <tr style="mso-yfti-irow: 7;"> <td style="width: 256.5pt; padding: 0in 5.4pt 0in 5.4pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Deferred Tax Provision</font></p> </td> <td style="width: 130.5pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="top" width="174"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"></p> </td> <td style="width: 143.4pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="top" width="191"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"></p> </td> </tr> <tr style="mso-yfti-irow: 8;"> <td style="width: 256.5pt; padding: 0in 5.4pt 0in 5.4pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify; line-height: normal; padding-left: 30px;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"> Federal</font></p> </td> <td style="width: 130.5pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="top" width="174"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">205</font></p> </td> <td style="width: 143.4pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="top" width="191"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">7,524</font></p> </td> </tr> <tr style="mso-yfti-irow: 9;"> <td style="width: 256.5pt; padding: 0in 5.4pt 0in 5.4pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify; line-height: normal; padding-left: 30px;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"> State</font></p> </td> <td style="width: 130.5pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="top" width="174"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><font style="text-decoration: underline;">194</font></font></p> </td> <td style="width: 143.4pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="top" width="191"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><font style="text-decoration: underline;">1,075</font></font></p> </td> </tr> <tr style="mso-yfti-irow: 10;"> <td style="width: 256.5pt; padding: 0in 5.4pt 0in 5.4pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"></p> </td> <td style="width: 130.5pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="top" width="174"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><font style="text-decoration: underline;">399</font></font></p> </td> <td style="width: 143.4pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="top" width="191"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><font style="text-decoration: underline;">8,599</font></font></p> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"></p> </td> </tr> <tr style="mso-yfti-irow: 11; mso-yfti-lastrow: yes;"> <td style="width: 256.5pt; padding: 0in 5.4pt 0in 5.4pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Total Provision for Income Taxes</font></p> </td> <td style="width: 19.7pt; padding: 0in 5.4pt 0in 5.4pt;" valign="top" width="26"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">$ </font></p> </td> <td style="width: 110.8pt; padding: 0in 5.4pt 0in 5.4pt;" valign="top" width="148"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><font style="text-decoration: underline;">30,139</font></font></p> </td> <td style="width: 27.0pt; padding: 0in 5.4pt 0in 5.4pt;" valign="top" width="36"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">$ </font></p> </td> <td style="width: 116.4pt; padding: 0in 5.4pt 0in 5.4pt;" valign="top" width="155"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><font style="text-decoration: underline;">24,238</font></font></p> </td> </tr> </table> </div> <p class="Normal" style="text-align: justify; tab-stops: .5in 113.4pt;"></p> <p class="Normal" style="text-align: justify; tab-stops: .5in 113.4pt;"><font style="font-size: 14.0pt; font-family: 'Calibri',sans-serif; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The difference between the statutory federal income tax rate and our effective income tax rate is summarized as follows:</font></p> <p class="Normal" style="text-align: justify; tab-stops: .5in 113.4pt;"></p> <p class="Normal" style="text-align: justify; tab-stops: .5in 113.4pt;"></p> <div align="center"> <table class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-border-insideh: none; mso-border-insidev: none;" border="0" cellspacing="0" cellpadding="0"> <tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes; height: 14.95pt;"> <td style="width: 259.0pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.95pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"></p> </td> <td style="width: 276.6pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.95pt;" colspan="4" valign="top" width="366"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: center; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="center"><strong style="mso-bidi-font-weight: normal;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><font style="text-decoration: underline;">Year Ended December 31,</font></font></strong></p> </td> </tr> <tr style="mso-yfti-irow: 1; height: 14.95pt;"> <td style="width: 259.0pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.95pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"></p> </td> <td style="width: 131.75pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.95pt;" colspan="2" valign="top" width="174"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: center; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="center"><strong style="mso-bidi-font-weight: normal;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><font style="text-decoration: underline;">2021</font></font></strong></p> </td> <td style="width: 144.85pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.95pt;" colspan="2" valign="top" width="192"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: center; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="center"><strong style="mso-bidi-font-weight: normal;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><font style="text-decoration: underline;">2020</font></font></strong></p> </td> </tr> <tr style="mso-yfti-irow: 2; height: 14.3pt;"> <td style="width: 259.0pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.3pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"></p> </td> <td style="width: 131.75pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.3pt;" colspan="2" valign="top" width="174"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"></p> </td> <td style="width: 144.85pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.3pt;" colspan="2" valign="top" width="192"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"></p> </td> </tr> <tr style="mso-yfti-irow: 3; height: 12.45pt;"> <td style="width: 259.0pt; padding: 0in 5.4pt 0in 5.4pt; height: 12.45pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Federal Income Tax</font></p> </td> <td style="width: 19.85pt; padding: 0in 5.4pt 0in 5.4pt; height: 12.45pt;" valign="top" width="26"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"></p> </td> <td style="width: 111.9pt; padding: 0in 5.4pt 0in 5.4pt; height: 12.45pt;" valign="top" width="148"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">21.0%</font></p> </td> <td style="width: 27.25pt; padding: 0in 5.4pt 0in 5.4pt; height: 12.45pt;" valign="top" width="36"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"></p> </td> <td style="width: 117.6pt; padding: 0in 5.4pt 0in 5.4pt; height: 12.45pt;" valign="top" width="156"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">21.0%</font></p> </td> </tr> <tr style="mso-yfti-irow: 4; height: 14.95pt;"> <td style="width: 259.0pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.95pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"> Increase (decrease as a result of</font></p> </td> <td style="width: 131.75pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.95pt;" colspan="2" valign="top" width="174"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"></p> </td> <td style="width: 144.85pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.95pt;" colspan="2" valign="top" width="192"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"></p> </td> </tr> <tr style="mso-yfti-irow: 5; height: 14.95pt;"> <td style="width: 259.0pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.95pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify; line-height: normal; padding-left: 30px;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"> State income tax, net of federal benefit</font></p> </td> <td style="width: 131.75pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.95pt;" colspan="2" valign="top" width="174"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><font style="text-decoration: underline;">4.7%</font></font></p> </td> <td style="width: 144.85pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.95pt;" colspan="2" valign="top" width="192"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><font style="text-decoration: underline;">2.6%</font></font></p> </td> </tr> <tr style="mso-yfti-irow: 6; height: 14.95pt;"> <td style="width: 259.0pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.95pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"> Effective Tax Rate</font></p> </td> <td style="width: 131.75pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.95pt;" colspan="2" valign="top" width="174"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="text-decoration: underline;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">25.7%</font></font></p> </td> <td style="width: 144.85pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.95pt;" colspan="2" valign="top" width="192"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="text-decoration: underline;"><font style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">23.6%</font></font></p> </td> </tr> <tr style="mso-yfti-irow: 7; mso-yfti-lastrow: yes; height: 14.3pt;"> <td style="width: 259.0pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.3pt;" valign="top" width="342"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"></p> </td> <td style="width: 131.75pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.3pt;" colspan="2" valign="top" width="174"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"></p> </td> <td style="width: 144.85pt; padding: 0in 5.4pt 0in 5.4pt; height: 14.3pt;" colspan="2" valign="top" width="192"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"></p> </td> </tr> <!-- [if !supportMisalignedColumns]--> <tr> <td style="border: none;" width="342"></td> <td style="border: none;" width="26"></td> <td style="border: none;" width="148"></td> <td style="border: none;" width="36"></td> <td style="border: none;" width="156"></td> </tr> <!--[endif]--> </table> </div> <p class="Normal" style="text-align: justify; tab-stops: .5in 113.4pt;"></p> <p class="Normal" style="text-align: justify; tab-stops: .5in 113.4pt;"><font style="font-size: 14.0pt; font-family: 'Calibri',sans-serif; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Deferred tax assets and liabilities are detailed on Page 230 "Analysis of Federal Income and Other Taxes Deferred."</font></p> <p class="Normal" style="text-align: justify; tab-stops: .5in 113.4pt;"><strong><font style="font-size: 14.0pt; font-family: 'Calibri',sans-serif; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><em>6. Rate and Regulatory Matters</em> -</font></strong></p> <p class="Normal" style="text-align: justify; tab-stops: .5in 113.4pt;"><font style="font-size: 14pt; font-family: Calibri, sans-serif;">The Company has no significant rate or regulatory matters as of, and for the year ended, December 31, 2021.</font></p></div> Change in Prepayments -2306 10541 Change in Other Current Assets 634859 -758058 Change in Miscellaneous Other Assets 230189 212688 Change in Other Deferred Charges -851604 543432 Change in Other Current Liabilities 3807 91356 Change in Other NonCurrent Liabilities 5486717 1048132 Change in Operating Oil Supply -74742 Other Postemployment Pension Plan Accrued Expenses 3490495 1 2 3 4 5 6 7 8 8152947 7894203 398736 8598386 3156037 -6736041 -838928 739013 16430758 -7879231 5426920 4638586 115272170 97882545 13183879 30954774 28304 -12517 1993645 1758481 15205828 32700738 213005 -198308 -9614507 -15191131 -42315245 104000000 57500000 -104000000 -57500000 -3918961 -1932700 29832690 31765390 25913729 1 2 Change in Customer Advances for Construction 1239560 -183109 Cost of Removal Net of Salvage - Fixed Assets 754085 1941590 1 2 Meli A. Armstrong Vice President /s/ Meli A. Armstrong 2022-04-13 6 Products (SE) Pipe Line Corporation C000630 2021 Q4 1000 Windward Concourse, Suite 450, Alpharetta, GA 30005 Sabre Reach Director - Accounting 1000 Windward Concourse, Suite 450, Alpharetta, GA 30005 770-751-4145 O 2021-12-31 Includes salaries and wages from affiliates. Includes salaries and wages from affiliates. Proceeds from disposal of fixed assets. Adjustments to deferred income taxes for FAS 87 pension ($1,949,695) and FAS 106 post retirement benefits $38,560 are adjusted through other comprehensive income. Cash and Cash Equivalents at End of Year consists of Cash (Account 10) of $7,174,637 and Temporary Investments (Account 11) of $18,739,092.