C002096 2021-01-01 2021-12-31 C002096 2021-12-31 C002096 2020-01-01 2020-12-31 C002096 2020-12-31 C002096 2019-12-31 C002096 2021-10-01 2021-12-31 C002096 2021-10-01 2021-10-31 C002096 2021-11-01 2021-11-30 C002096 2021-12-01 2021-12-31 C002096 ferc:GasUtilityMember 2021-01-01 2021-12-31 C002096 ferc:GasUtilityMember 2020-01-01 2020-12-31 C002096 1 2021-01-01 2021-12-31 C002096 1 2020-01-01 2020-12-31 C002096 1 2021-01-01 2021-12-31 C002096 1 2020-01-01 2020-12-31 C002096 1 2021-01-01 2021-12-31 C002096 1 2021-01-01 2021-12-31 C002096 1 2020-01-01 2020-12-31 C002096 2 2021-01-01 2021-12-31 C002096 2 2020-01-01 2020-12-31 C002096 3 2021-01-01 2021-12-31 C002096 3 2020-01-01 2020-12-31 C002096 4 2021-01-01 2021-12-31 C002096 4 2020-01-01 2020-12-31 C002096 5 2021-01-01 2021-12-31 C002096 5 2020-01-01 2020-12-31 C002096 1 2021-01-01 2021-12-31 C002096 1 2020-01-01 2020-12-31 C002096 2 2021-01-01 2021-12-31 C002096 2 2020-01-01 2020-12-31 C002096 3 2021-01-01 2021-12-31 C002096 3 2020-01-01 2020-12-31 C002096 1 2021-01-01 2021-12-31 C002096 1 2020-01-01 2020-12-31 C002096 1 2021-01-01 2021-12-31 C002096 1 2020-01-01 2020-12-31 C002096 ScheduleGasPlantHeldForFutureUseAbstract 2021-01-01 2021-12-31 C002096 SchedulePrepaymentsAbstract 2021-01-01 2021-12-31 C002096 ScheduleExtraordinaryPropertyLossesAbstract 2021-01-01 2021-12-31 C002096 ScheduleUnrecoveredPlantAndRegulatoryStudyCostsAbstract 2021-01-01 2021-12-31 C002096 ScheduleCapitalStockAbstract 2021-01-01 2021-12-31 C002096 ScheduleCapitalStockSubscribedLiabilityForConversionPremiumOnAndInstallmentsReceivedOnAbstract 2021-01-01 2021-12-31 C002096 ScheduleDiscountOnCapitalStockAbstract 2021-01-01 2021-12-31 C002096 ScheduleCapitalStockExpenseAbstract 2021-01-01 2021-12-31 C002096 ScheduleSecuritiesIssuedOrAssumedAndSecuritiesRefundedOrRetiredDuringTheYearAbstract 2021-01-01 2021-12-31 C002096 ScheduleUnamortizedDebtExpensePremiumAndDiscountOnLongTermDebtAbstract 2021-01-01 2021-12-31 C002096 ScheduleUnamortizedLossAndGainOnReacquiredDebtAbstract 2021-01-01 2021-12-31 C002096 ScheduleRevenuesFromTransporationOfGasOfOthersThroughGatheringFacilitiesAbstract 2021-01-01 2021-12-31 C002096 8 2021-01-01 2021-12-31 C002096 7 2021-01-01 2021-12-31 C002096 7 2021-12-31 C002096 7 2020-12-31 C002096 5 2021-01-01 2021-12-31 C002096 4 2021-01-01 2021-12-31 C002096 2 2021-01-01 2021-12-31 C002096 1 2021-01-01 2021-12-31 C002096 1 2021-01-01 2021-12-31 C002096 1 2021-12-31 C002096 2 2021-01-01 2021-12-31 C002096 2 2021-12-31 C002096 3 2021-01-01 2021-12-31 C002096 3 2021-12-31 C002096 4 2021-01-01 2021-12-31 C002096 4 2021-12-31 C002096 5 2021-01-01 2021-12-31 C002096 5 2021-12-31 C002096 6 2021-01-01 2021-12-31 C002096 6 2021-12-31 C002096 7 2021-01-01 2021-12-31 C002096 7 2021-12-31 C002096 8 2021-01-01 2021-12-31 C002096 8 2021-12-31 C002096 9 2021-01-01 2021-12-31 C002096 9 2021-12-31 C002096 10 2021-01-01 2021-12-31 C002096 10 2021-12-31 C002096 11 2021-01-01 2021-12-31 C002096 12 2021-01-01 2021-12-31 C002096 6 2021-01-01 2021-12-31 C002096 1 2021-01-01 2021-12-31 C002096 3 2021-01-01 2021-12-31 C002096 5 2021-01-01 2021-12-31 C002096 7 2021-01-01 2021-12-31 C002096 9 2021-01-01 2021-12-31 C002096 10 2021-01-01 2021-12-31 C002096 12 2021-01-01 2021-12-31 C002096 13 2021-01-01 2021-12-31 C002096 15 2021-01-01 2021-12-31 C002096 16 2021-01-01 2021-12-31 C002096 18 2021-01-01 2021-12-31 C002096 19 2021-01-01 2021-12-31 C002096 6 2021-01-01 2021-12-31 C002096 7 2021-01-01 2021-12-31 C002096 8 2021-01-01 2021-12-31 C002096 9 2021-01-01 2021-12-31 C002096 1 2021-01-01 2021-12-31 C002096 2 2021-01-01 2021-12-31 C002096 3 2021-01-01 2021-12-31 C002096 4 2021-01-01 2021-12-31 C002096 5 2021-01-01 2021-12-31 C002096 6 2021-01-01 2021-12-31 C002096 7 2021-01-01 2021-12-31 C002096 8 2021-01-01 2021-12-31 C002096 9 2021-01-01 2021-12-31 C002096 10 2021-01-01 2021-12-31 C002096 11 2021-01-01 2021-12-31 C002096 12 2021-01-01 2021-12-31 C002096 13 2021-01-01 2021-12-31 C002096 14 2021-01-01 2021-12-31 C002096 15 2021-01-01 2021-12-31 C002096 16 2021-01-01 2021-12-31 C002096 17 2021-01-01 2021-12-31 C002096 18 2021-01-01 2021-12-31 C002096 19 2021-01-01 2021-12-31 C002096 20 2021-01-01 2021-12-31 C002096 21 2021-01-01 2021-12-31 C002096 22 2021-01-01 2021-12-31 C002096 23 2021-01-01 2021-12-31 C002096 24 2021-01-01 2021-12-31 C002096 25 2021-01-01 2021-12-31 C002096 26 2021-01-01 2021-12-31 C002096 27 2021-01-01 2021-12-31 C002096 28 2021-01-01 2021-12-31 C002096 29 2021-01-01 2021-12-31 C002096 30 2021-01-01 2021-12-31 C002096 31 2021-01-01 2021-12-31 C002096 32 2021-01-01 2021-12-31 C002096 33 2021-01-01 2021-12-31 C002096 34 2021-01-01 2021-12-31 C002096 35 2021-01-01 2021-12-31 C002096 36 2021-01-01 2021-12-31 C002096 37 2021-01-01 2021-12-31 C002096 38 2021-01-01 2021-12-31 C002096 39 2021-01-01 2021-12-31 C002096 40 2021-01-01 2021-12-31 C002096 41 2021-01-01 2021-12-31 C002096 42 2021-01-01 2021-12-31 C002096 43 2021-01-01 2021-12-31 C002096 44 2021-01-01 2021-12-31 C002096 45 2021-01-01 2021-12-31 C002096 46 2021-01-01 2021-12-31 C002096 47 2021-01-01 2021-12-31 C002096 48 2021-01-01 2021-12-31 C002096 49 2021-01-01 2021-12-31 C002096 50 2021-01-01 2021-12-31 C002096 51 2021-01-01 2021-12-31 C002096 52 2021-01-01 2021-12-31 C002096 53 2021-01-01 2021-12-31 C002096 54 2021-01-01 2021-12-31 C002096 55 2021-01-01 2021-12-31 C002096 56 2021-01-01 2021-12-31 C002096 57 2021-01-01 2021-12-31 C002096 58 2021-01-01 2021-12-31 C002096 59 2021-01-01 2021-12-31 C002096 60 2021-01-01 2021-12-31 C002096 61 2021-01-01 2021-12-31 C002096 62 2021-01-01 2021-12-31 C002096 63 2021-01-01 2021-12-31 C002096 64 2021-01-01 2021-12-31 C002096 65 2021-01-01 2021-12-31 C002096 66 2021-01-01 2021-12-31 C002096 67 2021-01-01 2021-12-31 C002096 68 2021-01-01 2021-12-31 C002096 69 2021-01-01 2021-12-31 C002096 70 2021-01-01 2021-12-31 C002096 71 2021-01-01 2021-12-31 C002096 72 2021-01-01 2021-12-31 C002096 73 2021-01-01 2021-12-31 C002096 74 2021-01-01 2021-12-31 C002096 75 2021-01-01 2021-12-31 C002096 76 2021-01-01 2021-12-31 C002096 77 2021-01-01 2021-12-31 C002096 78 2021-01-01 2021-12-31 C002096 1 2021-01-01 2021-12-31 C002096 2 2021-01-01 2021-12-31 C002096 3 2021-01-01 2021-12-31 C002096 4 2021-01-01 2021-12-31 C002096 5 2021-01-01 2021-12-31 C002096 6 2021-01-01 2021-12-31 C002096 7 2021-01-01 2021-12-31 C002096 8 2021-01-01 2021-12-31 C002096 9 2021-01-01 2021-12-31 C002096 10 2021-01-01 2021-12-31 C002096 11 2021-01-01 2021-12-31 C002096 12 2021-01-01 2021-12-31 C002096 13 2021-01-01 2021-12-31 C002096 14 2021-01-01 2021-12-31 C002096 15 2021-01-01 2021-12-31 C002096 16 2021-01-01 2021-12-31 C002096 17 2021-01-01 2021-12-31 C002096 18 2021-01-01 2021-12-31 C002096 19 2021-01-01 2021-12-31 C002096 20 2021-01-01 2021-12-31 C002096 21 2021-01-01 2021-12-31 C002096 22 2021-01-01 2021-12-31 C002096 23 2021-01-01 2021-12-31 C002096 24 2021-01-01 2021-12-31 C002096 25 2021-01-01 2021-12-31 C002096 26 2021-01-01 2021-12-31 C002096 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2021-01-01 2021-12-31 C002096 58 2021-01-01 2021-12-31 C002096 59 2021-01-01 2021-12-31 C002096 60 2021-01-01 2021-12-31 C002096 61 2021-01-01 2021-12-31 C002096 62 2021-01-01 2021-12-31 C002096 63 2021-01-01 2021-12-31 C002096 64 2021-01-01 2021-12-31 C002096 65 2021-01-01 2021-12-31 C002096 66 2021-01-01 2021-12-31 C002096 67 2021-01-01 2021-12-31 C002096 68 2021-01-01 2021-12-31 C002096 69 2021-01-01 2021-12-31 C002096 70 2021-01-01 2021-12-31 C002096 5 2021-01-01 2021-12-31 C002096 6 2021-01-01 2021-12-31 C002096 7 2021-01-01 2021-12-31 C002096 8 2021-01-01 2021-12-31 C002096 9 2021-01-01 2021-12-31 C002096 12 2021-01-01 2021-12-31 C002096 13 2021-01-01 2021-12-31 C002096 14 2021-01-01 2021-12-31 C002096 15 2021-01-01 2021-12-31 C002096 16 2021-01-01 2021-12-31 C002096 17 2021-01-01 2021-12-31 C002096 18 2021-01-01 2021-12-31 C002096 19 2021-01-01 2021-12-31 C002096 22 2021-01-01 2021-12-31 C002096 23 2021-01-01 2021-12-31 C002096 24 2021-01-01 2021-12-31 C002096 25 2021-01-01 2021-12-31 C002096 26 2021-01-01 2021-12-31 C002096 27 2021-01-01 2021-12-31 C002096 28 2021-01-01 2021-12-31 C002096 29 2021-01-01 2021-12-31 C002096 30 2021-01-01 2021-12-31 C002096 31 2021-01-01 2021-12-31 C002096 32 2021-01-01 2021-12-31 C002096 33 2021-01-01 2021-12-31 C002096 36 2021-01-01 2021-12-31 C002096 37 2021-01-01 2021-12-31 C002096 38 2021-01-01 2021-12-31 C002096 42 2021-01-01 2021-12-31 C002096 43 2021-01-01 2021-12-31 C002096 44 2021-01-01 2021-12-31 C002096 45 2021-01-01 2021-12-31 C002096 46 2021-01-01 2021-12-31 C002096 47 2021-01-01 2021-12-31 C002096 1 2021-01-01 2021-12-31 C002096 ferc:GasUtilityMember 1 2021-01-01 2021-12-31 C002096 3 2021-01-01 2021-12-31 C002096 ferc:GasUtilityMember 3 2021-01-01 2021-12-31 C002096 4 2021-01-01 2021-12-31 C002096 ferc:GasUtilityMember 4 2021-01-01 2021-12-31 C002096 5 2021-01-01 2021-12-31 C002096 ferc:GasUtilityMember 5 2021-01-01 2021-12-31 C002096 6 2021-01-01 2021-12-31 C002096 ferc:GasUtilityMember 6 2021-01-01 2021-12-31 C002096 7 2021-01-01 2021-12-31 C002096 ferc:GasUtilityMember 7 2021-01-01 2021-12-31 C002096 8 2021-01-01 2021-12-31 C002096 ferc:GasUtilityMember 8 2021-01-01 2021-12-31 C002096 9 2021-01-01 2021-12-31 C002096 ferc:GasUtilityMember 9 2021-01-01 2021-12-31 C002096 10 2021-01-01 2021-12-31 C002096 ferc:GasUtilityMember 10 2021-01-01 2021-12-31 C002096 11 2021-01-01 2021-12-31 C002096 ferc:GasUtilityMember 11 2021-01-01 2021-12-31 C002096 12 2021-01-01 2021-12-31 C002096 ferc:GasUtilityMember 12 2021-01-01 2021-12-31 C002096 14 2021-01-01 2021-12-31 C002096 14 2020-12-31 C002096 ferc:GasUtilityMember 14 2021-01-01 2021-12-31 C002096 15 2021-01-01 2021-12-31 C002096 15 2021-12-31 C002096 ferc:GasUtilityMember 15 2021-01-01 2021-12-31 C002096 16 2021-01-01 2021-12-31 C002096 16 2020-12-31 C002096 ferc:GasUtilityMember 16 2021-01-01 2021-12-31 C002096 17 2021-01-01 2021-12-31 C002096 17 2021-12-31 C002096 ferc:GasUtilityMember 17 2021-01-01 2021-12-31 C002096 18 2021-01-01 2021-12-31 C002096 18 2020-12-31 C002096 ferc:GasUtilityMember 18 2021-01-01 2021-12-31 C002096 19 2021-01-01 2021-12-31 C002096 19 2021-12-31 C002096 ferc:GasUtilityMember 19 2021-01-01 2021-12-31 C002096 20 2021-01-01 2021-12-31 C002096 20 2020-12-31 C002096 20 2021-12-31 C002096 ferc:GasUtilityMember 20 2021-01-01 2021-12-31 C002096 21 2021-01-01 2021-12-31 C002096 21 2021-12-31 C002096 ferc:GasUtilityMember 21 2021-01-01 2021-12-31 C002096 22 2021-01-01 2021-12-31 C002096 22 2020-12-31 C002096 23 2021-01-01 2021-12-31 C002096 23 2021-12-31 C002096 ferc:GasUtilityMember 23 2021-01-01 2021-12-31 C002096 24 2021-01-01 2021-12-31 C002096 24 2020-12-31 C002096 ferc:GasUtilityMember 24 2021-01-01 2021-12-31 C002096 25 2021-01-01 2021-12-31 C002096 25 2021-12-31 C002096 ferc:GasUtilityMember 25 2021-01-01 2021-12-31 C002096 26 2021-01-01 2021-12-31 C002096 ferc:GasUtilityMember 26 2021-01-01 2021-12-31 C002096 27 2021-01-01 2021-12-31 C002096 27 2020-12-31 C002096 ferc:GasUtilityMember 27 2021-01-01 2021-12-31 C002096 28 2021-01-01 2021-12-31 C002096 28 2021-12-31 C002096 ferc:GasUtilityMember 28 2021-01-01 2021-12-31 C002096 29 2021-01-01 2021-12-31 C002096 29 2020-12-31 C002096 ferc:GasUtilityMember 29 2021-01-01 2021-12-31 C002096 30 2021-01-01 2021-12-31 C002096 30 2021-12-31 C002096 ferc:GasUtilityMember 30 2021-01-01 2021-12-31 C002096 31 2021-01-01 2021-12-31 C002096 31 2020-12-31 C002096 32 2021-01-01 2021-12-31 C002096 32 2021-12-31 C002096 ferc:GasUtilityMember 32 2021-01-01 2021-12-31 C002096 33 2021-01-01 2021-12-31 C002096 33 2020-12-31 C002096 33 2021-12-31 C002096 34 2021-01-01 2021-12-31 C002096 34 2021-12-31 C002096 ferc:GasUtilityMember 34 2021-01-01 2021-12-31 C002096 35 2021-01-01 2021-12-31 C002096 ferc:GasUtilityMember 35 2021-01-01 2021-12-31 C002096 36 2021-01-01 2021-12-31 C002096 ferc:GasUtilityMember 36 2021-01-01 2021-12-31 C002096 38 2021-01-01 2021-12-31 C002096 38 2021-12-31 C002096 39 2021-01-01 2021-12-31 C002096 39 2021-12-31 C002096 40 2021-01-01 2021-12-31 C002096 40 2020-12-31 C002096 40 2021-12-31 C002096 ferc:GasUtilityMember 40 2021-01-01 2021-12-31 C002096 41 2021-01-01 2021-12-31 C002096 41 2021-12-31 C002096 ferc:GasUtilityMember 41 2021-01-01 2021-12-31 C002096 42 2021-01-01 2021-12-31 C002096 42 2021-12-31 C002096 43 2021-01-01 2021-12-31 C002096 43 2020-12-31 C002096 43 2021-12-31 C002096 ferc:GasUtilityMember 43 2021-01-01 2021-12-31 C002096 44 2021-01-01 2021-12-31 C002096 44 2020-12-31 C002096 44 2021-12-31 C002096 45 2021-01-01 2021-12-31 C002096 45 2021-12-31 C002096 46 2021-01-01 2021-12-31 C002096 46 2021-12-31 C002096 47 2021-01-01 2021-12-31 C002096 47 2021-12-31 C002096 48 2021-01-01 2021-12-31 C002096 48 2020-12-31 C002096 48 2021-12-31 C002096 ferc:GasUtilityMember 48 2021-01-01 2021-12-31 C002096 ferc:GasUtilityMember 2020-12-31 C002096 ferc:GasUtilityMember 2021-12-31 C002096 ferc:OperatingUtilityMember 2020-12-31 C002096 ferc:OperatingUtilityMember 2021-01-01 2021-12-31 C002096 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Maintenance Production (Total of lines 3 and 12) Transmission (Total of lines 4 and 13) Distribution (Total of lines 5 and 14) Customer Accounts (line 6) Customer Service and Informational (line 7) Sales (line 8) Administrative and General (Total of lines 9 and 15) TOTAL Operation and Maintenance (Total of lines 18 thru 24) Gas Operation Production - Manufactured Gas Production - Natural Gas(Including Exploration and Development) Other Gas Supply Storage, LNG Terminaling and Processing Transmission Distribution Customer Accounts Customer Service and Informational Sales Administrative and General TOTAL Operation (Total of lines 28 thru 37) Maintenance Production - Manufactured Gas Production - Natural Gas(Including Exploration and Development) Other Gas Supply Storage, LNG Terminaling and Processing Transmission Distribution Administrative and General TOTAL Maintenance (Total of lines 40 thru 46) Total Operation and Maintenance Production - Manufactured Gas (Total of lines 28 and 40) Production - Natural Gas (Including Expl. and Dev.)(ll. 29 and 41) Other Gas Supply (Total of lines 30 and 42) Storage, LNG Terminaling and Processing (Total of ll. 31 and 43) Transmission (Total of lines 32 and 44) Distribution (Total of lines 33 and 45) Customer Accounts (Total of line 34) Customer Service and Informational (Total of line 35) Sales (Total of line 36) Administrative and General (Total of lines 37 and 46) Total Operation and Maintenance (Total of lines 50 thru 59) Other Utility Departments Operation and Maintenance TOTAL ALL Utility Dept. (Total of lines 25, 60, and 62) Utility Plant Construction (By Utility Departments) Electric Plant Gas Plant Other TOTAL Construction (Total of lines 66 thru 68) Plant Removal (By Utility Departments) Electric Plant Gas Plant Other TOTAL Plant Removal (Total of lines 71 thru 73) Account 186 Account 242 TOTAL Other Accounts TOTAL SALARIES AND WAGES 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 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 0 1 Matthew J. Wojtalewicz Vice President and Controller 1001 Louisiana Street, Suite 1000, Houston, TX 77002 true false Converted to a Delaware limited liability company on February 15, 2008 2008-02-15 During the year, respondent was engaged in transmission and storage of natural gas through an integrated system in the following states. Transmission: Arkansas, Illinois, Indiana, Iowa, Kansas, Louisiana, Missouri, Nebraska, New Mexico, Oklahoma, Texas, Wisconsin, and Louisiana (Federal Domain). Storage: Illinois, Iowa, Oklahoma, and Texas. false Horizon Pipeline Company, L.L.C. J Natural Gas Transmission 0.50 1 Amortization of intangible plant 1126743 938055 1126743 938055 1 2727230 Health and Life Insurance 7707044 Long-term Disability Insurance 214835 401K Employer Contributions 2998402 Other 165253 13812764 6 7 8 9 6416988 6416988 31590702 31590702 21362791 21362791 59370481 59370481 4263756 4263756 13632243 13632243 17895999 17895999 10680744 10680744 45222945 45222945 21362791 21362791 77266480 77266480 77266480 77266480 3170374 3170374 3170374 3170374 573349 573349 573349 573349 Account 186 303253 303253 Account 242 1224 1224 304477 304477 81314680 81314680 74 75 76 Income Tax Gross-up on AFUDC Equity Amortized over remaining life of assets Recorded pursuant to Docket No. AI93-5-000 issued April 23, 1993 (Accounting for Income Taxes). 8142579 316225 407.3 629521 7829283 FERC Annual Charge Adjustment 12 months ending September 30 Recorded pursuant to 18 CFR Section 154.402(a) and 18 CFR Section 382.202. 1514632 2205737 928 2066067 1654302 9657211 2521962 2695588 9483585 1 2 Gas Imbalances 36896784 Broker Deposits for Operational Sales Hedges 1822800 Labor Accrual 685000 Minor Items (less than $250,000) 156772 39561356 1 2 3 4 Account 489.2, Revenues from transportation of gas of others through transmission facilities. 123368280 305859149 424510526 1337261289 Account 489.4, Revenues from storing gas of others. 24650635 67076495 34978184 72855841 148018915 372935644 459488710 1410117130 1 2 13095 13095 17202433 1120785 2326818 15996400 17215528 1120785 2326818 16009495 7958 7958 16411 16411 315118 315118 264487 264487 603974 603974 603974 603974 603974 603974 322442 2017 324459 5175496 5175496 27102157 120606 1990 2806 27223579 267858705 3415041 4438127 1266 266836885 32397789 32397789 21727307 21727307 80531137 80531137 188631988 836975 401661 443337 189510639 243933949 4051109 299995 -443337 247241726 42453429 75109 11287 42517251 69160960 1064837 72363 70153434 14983252 27420 2826 15007846 994278611 9593114 5228249 4072 998647548 994278611 9593114 5228249 4072 998647548 7221643 112 7221755 50666678 -244051 50422627 76629013 764299 36560 -739934 76616818 2283165838 46313057 6631424 823307 2323670778 1169887830 106123469 2250109 527477 1274288667 121714563 1070926 544305 -370871 121870313 2772955 2772955 101211 101211 3712159731 154271863 9462398 -4072 3856965124 686179 686179 373465 373465 20133011 115957 1219163 19029805 12774495 1532402 25811 14281086 6469470 695237 484154 6680553 230378 30163 260541 339767 339767 1495272 81918 88258 1488932 767492 767492 43269529 2455677 1817386 43907820 43269529 2455677 1817386 43907820 4767527373 167441439 18834851 4916133961 4767527373 167441439 18834851 4916133961 1126743 1126743 23044268 23044268 78985778 78985778 3687831 3687831 105717877 1126743 106844620 4916133961 4916133961 4916133961 4916133961 32346297 32346297 4948480258 4948480258 2957460291 2957460291 1991019967 1991019967 2951441131 2951441131 6019160 6019160 2957460291 2957460291 Gulf Coast Southbound Expansion 1304693 19814531 Pipeline Replacements 5905321 1860155 Mainline Valve Replacement 5285491 2329266 Make Lines Piggable 3486213 3853699 Compressor Station 802 Replacements 2784403 287582 Compressor Control Upgrades 1842379 79610 Right of Way Renewals 1784563 Compressor Overhauls 1718656 140305 Compressor Station 388 Replacements 1623811 9390 Cathodic Protection Systems 1344020 630200 Compressor Station 159 Refurbishment 1266092 25311 Compressor Station 107 Foundation Replacement 1201886 116433 Miscellaneous Construction Projects Under $1,000,000 2798769 124521 29271003 1 2 3 4 5 6 7 8 9 10 11 12 13 41625 9137 Shared Services Allocations 2342052 2392814 6 Rate Schedule NSS 2178561 6160562 6160562 8132873 6178627 6178627 24197337 6158042 6158042 Rate Schedule DSS 40981 9520881 12722929 Fuel Recovery 1238138 1238138 396504 396504 287770 287770 Unallocated/Accruals -128978 -128978 -395578 -395578 -185636 -185636 2219542 7269722 7269722 17653754 6179553 6179553 36920266 6260176 6260176 1 2 3 4 861016 861016 639192 639192 847328 10279763 11127091 506930 20018377 20525307 1345682 31488218 32833900 1316568 16744408 18060976 1538480 5933513 7471993 1253252 8451691 9704943 1217019 30352844 31569863 1172191 31649091 32821282 921138 921138 1086659 1086659 12705455 154917905 167623360 56742685 56742685 45000 47226007 47271007 1620000 1620000 2860000 2860000 500000 500000 930000 930000 2625000 10101480 12726480 3069000 43069799 46138799 11649000 157139971 168788971 Labor Accrual 242 82000 1125000 1043000 Environmental reserve 1849666 Various 1915451 600000 534215 Park and loan deferral 1484416 489.2 10087061 12214225 3611580 Lease payable 273932 Various 1294 2097 274735 Transportation revenue deferral 5770065 489.2 746934 18673 5041804 9378079 12832740 13959995 10505334 1 2 3 4 5 4916133961 4767527373 104546758 4872074131 2886631157 1985442974 1991019967 1985442974 179670214 179670214 28349459 8273361 113259 113259 8736598 8532045 8849857 8645304 490660 3562563 824422 3626 12401938 94575262 70238405 221565 117222 24760841 22970115 55253783 53988527 20891808 13956869 4291115 344642 200488660 178404703 75000 29224100 20232504 43402069 50398744 82109754 80363459 2490487911 2440800015 -1647613 -1647613 287913591 287913591 -1647613 -1647613 324345152 324345152 -1647613 -1647613 Distributions to Members 251405902 97998453 251405902 97998453 1 555900938 555900938 1318700427 1245965730 652067 447514 1873605819 1800666569 32222022 53341219 15364682 14271774 4128691 4772854 26380480 24618086 24641298 1857654 370527 119514885 122015758 4703941 17253952 508508 538508 165576221 175586424 305771914 305106239 10301289 10254486 497367207 518117688 2490487911 2440800015 Arkansas AR Fully Owned and Operated by Respondent 913.6 Iowa IA Fully Owned and Operated by Respondent 846.2 Illinois IL Fully Owned and Operated by Respondent 2410.1 Indiana IN Fully Owned and Operated by Respondent 4.3 Kansas KS Fully Owned and Operated by Respondent 690.6 Louisiana LA Fully Owned and Operated by Respondent 189.6 Missouri MO Fully Owned and Operated by Respondent 297.4 Nebraska NE Fully Owned and Operated by Respondent 250.5 New Mexico NM Fully Owned and Operated by Respondent 253.5 Oklahoma OK Fully Owned and Operated by Respondent 759.8 Texas TX Fully Owned and Operated by Respondent 2402.0 9017.6 9017.6 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 See Footnote 1 Horizon Pipeline Company, L.L.C. true 380,000 dekatherms per day (Dth/day) leased capacity in 42 miles of transmission pipeline located near Joliet, Illinois. 2080500 Kinder Morgan Illinois Pipeline LLC true 200,000 Dth/day leased capacity in 25.7 miles of transmission pipeline located in Illinois. Provides natural gas transmission service from near Beecher, Illinois to near Burnham, Illinois. 729996 Kinder Morgan Louisiana Pipeline LLC true 200,000 Dth/day leased capacity in 19 miles of transmission pipeline located in Cameron Parish, Louisiana. 825581 3636077 1 2 3 Moraine Lateral CP93-351-000 Incremental 10426246 10365049 20015 29700 2221 323133 Storage Expansion - 2003 CP02-391 Incremental 42278249 15898931 6086635 243793 517659 980855 360525 3618198 Sayre Storage - 2006 CP05-7-000 Incremental 42687511 14632294 6780284 117807 139493 990350 380189 341820 North Lansing NSS CP05-405-000 Incremental 80682955 25702070 12386909 90696 308759 1872542 197202 4181471 Louisiana Line Expansion CP07-3-000 At Risk 98738628 23592686 16254050 447659 351672 1777295 891177 15519557 A/G Line Expansion Project CP05-34-000 At Risk 12762559 3232905 2301624 342900 88408 228826 102722 2017195 Arkoma Lateral CP91-1798-002 At Risk 51634054 28624862 5583710 300459 85008 927151 369541 18735310 A/G Expansion CP90-1363-000 At Risk 35262595 16022753 4567130 836158 248910 629012 142113 25903492 Hersher Galesville Project CP08-32-000 Incremental 56985546 16035195 7843147 222575 346290 1468609 103673 2055996 Sayre Expansion Project CP09-414-000 Incremental 6367261 1663985 969326 13825 27839 148216 53486 1796050 Chicago Market Expansion CP15-505-000 Incremental 266135 86604 49260 150865 See Footnote 437825604 155770730 62792830 2911707 2200642 9022856 2652109 74643087 1 2 3 4 5 6 7 8 9 10 11 12 <div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">1. Construction Overhead: (a) Overhead charges are intended to cover those indirect costs pertaining to construction activities for departments such as engineering, operations and accounting for their labor and related employee benefits and office space. The overhead amount capitalized is charged to all construction projects by applying a construction overhead clearing rate to direct project costs. (b) The overhead capitalized is primarily based on periodic studies to identify indirect capital costs that are not charged directly to construction projects. (c) Costs are accumulated in a blanket overhead project and distributed monthly to individual construction projects. (d) Different overhead rates are applied based on the nature of the construction project. (e) The basis for the differentiation in overhead rates stems from the economies of scale that are achieved with these projects. (f) Overheads are directly assigned to each project. 2. Allowance for Funds Used During Construction: Allowance for funds used during construction is calculated below. 3. Net-of-tax rate for borrowed funds: Not applicable.</font></p></div> 1802314182 1.0000 0.1217 1802314182 1.0000 32302457 0.1217 0.0205 0.0270 2879411923 2879411923 105717877 105717877 105717877 105717877 16508033 16508033 17389610 17389610 180600 180600 33717043 33717043 Intercompany asset transfer of accumulated depreciation -28374 -28374 2951441131 2951441131 603974 603974 572200637 572200637 2367819213 2367819213 10817307 10817307 16 16 241932102 60162165 57839960 118002125 47041695 56574704 103616399 6955628 6955628 263273456 185786670 4347840 19617122 209751632 0.9671 6.5204 2.8166 1.2552 Unbilled Revenue 9143019 1888331 489.2 2657831 8373519 Facility Reimbursable Projects Through October 2028 19173964 19173964 11089485 1676617 21062295 2657831 1 2 305106239 10341522 9903400 227553 305771914 305106239 10341522 9903400 227553 305771914 10341522 9903400 227553 254064720 10341522 196916 264603158 51041519 9903400 30637 41168756 10254486 660499 284161 329535 10301289 10254486 660499 284161 329535 10301289 660499 284161 329535 8538999 660499 285167 8914331 1715487 284161 44368 1386958 50398744 6928727 67948 43402069 50398744 6928727 67948 43402069 6928727 67948 41967509 4350228 58800 37558481 8431235 2578499 9148 5843588 Miscellaneous Paid-In Capital (Account 211) Beginning Balance Amount 555900938 Ending Balance Amount 555900938 555900938 1 2 3 555900938 555900938 Cashouts 1821697 Other items less than $250,000 (2 items) 59731 1881428 12 13 819, 854 11976942 75187646 812 Gas Used for Other Utility Operations - Credit Line Pack 117.2 1114394 6955629 Construction Projects 107 192832 885349 Retirement Projects 108 39884 Reimbursable Projects 186 55974 219113 Other - Uses of Gas - LAUF and Ruptures 813 3654381 16210571 Other - Uses of Gas - Storage Mains 817 306492 2504405 Other - Uses of Gas - DEHY Fuel 821 42356 354824 Other - Operations - Storage Projects 833 3017 10899 Other - Uses of Gas - Transmission Mains 856 915487 5153584 Other - Operations - Transmission Projects 863 204604 764364 18466479 108286268 5 6 7 8 9 10 11 12 13 14 15 Horizon Pipeline Company, L.L.C. true 2266790 20793412 2266790 20793412 1 0.0265 998323 0.0232 3843223 0.00 43222 0.00 Intangible Plant (footnote details) 15996 0.00 Other Gas Storage (footnote details) 9 10 Federal Energy Regulatory Commission 2020 Annual Charge Adjustment (Amortized over twelve months) 2019510 2019510 1514632 182.3 1514632 Federal Energy Regulatory Commission 2021 Annual Charge Adjustment (Amortized over twelve months) 2205737 2205737 2205737 182.3 551435 1654302 Federal Energy Regulatory Commission Miscellaneous Certificate Proceedings and Miscellaneous Expenses 750 750 Gas 928 750 Railroad Commission of Texas Miscellaneous Expenses 2876 2876 Gas 928 2876 4228123 750 4228873 1514632 3626 2205737 2066067 1654302 1 2 3 4 3B Inspection LLC 398918 Abrams Technical Services Inc 255415 Bennett Construction Inc 329899 Brookhart Electric Inc 473325 BWS Services LLC 2338858 Castle Energy Group LLC 11769568 Charbonneau Industries Inc 1756428 Chemical Transportation Inc 255588 Cherokee Contractors Corp 365730 Coastal Plating Company 253750 Consolidated Fabrication 649869 Corrpro Companies, Inc 539585 Edgen Murray Corporation 624868 Energy Economics Inc 251109 Environmental Maintenance 735553 Environmental Mgmt Svcs Inc 942964 Excel Site Rentals LLC 374842 Exline Inc 3374761 Farnsworth Group Inc 1176449 Feller Oilfield Service Inc 267747 Franklin Well Services LLC 251905 Great Lakes Wellhead Inc 314219 Gulf Coast Pipeline Services 255905 HPI Energy Services LLC 563515 Industrial Piping Specialists 356537 International Inspecting Inc 1052484 Iron Horse Energy Services Inc 793851 Johnson Creek Development LLC 861667 KPRG and Associates Inc 570455 KS Energy Services LLC 4740256 Liberty Energy Services 2213171 Man Energy Solutions USA Inc 256561 Maverick International Ltd 1030262 Meade Inc 8022545 Mears Group Inc 4109320 Michels Pipeline Inc 10465085 Michigan Wireline Services Inc 605809 Mid-Ship Logistics LLC 570560 Midwestern Contractors of IL 1034573 MPG Pipeline Contractors 5054265 Nexus Integrity Management LLC 1649962 Patton's Service Company Inc 606687 Pipeline Environmental & Compression Industries, LLC 3269861 Pioneer Oil Tools Inc 724354 Pipe Strong LLC 470525 Pipeline Integrity Resources 361948 Pipeline Safety LLC 642410 Primoris Energy Services Corp 9059121 PSI 253331 Pumpco Inc 400151 Quad City Testing Laboratory 261861 Quality Integrated Svcs Inc 320475 RBC Capital Markets 2279284 Reserve Compression Corp 329630 Reserve Equipment Inc 426668 Shermco Industries Inc 760136 Solar Turbines Incorporated 1240722 Sunland Construction Inc 537757 Team Services LLC 403782 Total Valve Systems 278101 Trans-Pecos Pipeline LLC 950006 Trendsetter Construction Inc 2387031 Triple J Inspection Services 320598 United Piping Inc 3821231 UPS Midstream Services Inc 1532725 Western Industrial Resources 582343 WHC LLC 913995 Wood Group Pratt & Whitney 886860 Workrise Technologies Inc 354300 Other (less than $250,000) 24125994 130410019 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 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 209263012 323612400 532875412 649246828 492 317 3361073 2021-12-07 436115 1633728 510515 2580358 2164439 8108192 2533686 12806317 805 489.2 19899 57860 2133 79892 98759 287159 10586 396504 805 489.4 456014 1691588 512648 2660250 2263198 8395351 2544272 13202821 212727 796894 249017 1258638 1055764 3954986 1235871 6246621 854 810 38215 111118 4096 153429 189661 551479 20328 761468 819 810 250942 908012 253113 1412067 1245425 4506465 1256199 7008089 16649 62369 19489 98507 82629 309537 96724 488890 856/863 812 3397 9879 364 13640 16859 49029 1807 67695 817/821 812 20046 72248 19853 112147 99488 358566 98531 556585 37057 138817 43378 219252 183914 688949 215285 1088148 813 812 37057 138817 43378 219252 183914 688949 215285 1088148 169682 635648 198631 1003961 842132 3154720 985806 4982658 -21713 -63137 -2327 -87177 -107761 -313349 -11549 -432659 147969 572511 196304 916784 734371 2841371 974257 4549999 169682 635648 198631 1003961 842132 3154720 985806 4982658 164.1 808.2 169682 635648 198631 1003961 842132 3154720 985806 4982658 21713 63137 2327 87177 107761 313349 11549 432659 808.1 164.1 Gas due from shippers 21713 63137 2327 87177 107761 313349 11549 432659 383353 1558270 567091 2508714 1399238 5687686 2069882 9156806 805 489.2 22783 52892 3166 78841 83158 193056 11556 287770 805 489.4 406136 1611162 570257 2587555 1482396 5880742 2081438 9444576 184785 751123 273351 1209259 674465 2741599 997731 4413795 854 810 57761 134096 8027 199884 210828 489450 29299 729577 819 810 242546 885219 281378 1409143 885293 3231049 1027030 5143372 14153 57529 20936 92618 51658 209982 76416 338056 856/863 812 5705 13243 793 19741 20823 48337 2894 72054 817/821 812 19858 70772 21729 112359 72481 258319 79310 410110 21956 89245 32479 143680 80139 325745 118548 524432 813 812 21956 89245 32479 143680 80139 325745 118548 524432 162459 660373 240325 1063157 592976 2410360 877187 3880523 -40683 -94447 -5654 -140784 -148493 -344731 -20637 -513861 121776 565926 234671 922373 444483 2065629 856550 3366662 162459 660373 240325 1063157 592976 2410360 877187 3880523 164.1 808.2 162459 660373 240325 1063157 592976 2410360 877187 3880523 40683 94447 5654 140784 148493 344731 20637 513861 808.1 164.1 Gas due from shippers 40683 94447 5654 140784 148493 344731 20637 513861 Balance Transferred from Income (Account 433 less Account 418.1) 321040599 285494681 1 Louisiana - FTS 374274 318351 85694283 70157439 86068557 70475790 335346243 258926937 Louisiana - ITS 149 154 25198 33330 25347 33484 138621 293672 Market - DSS 89574 101149 80594275 80481921 80683849 80583070 78961937 82130475 Market - FFTS 36660 12220 36660 12220 Market - FTS 890182 1038208 272875340 281116021 273765522 282154229 878433826 916061273 Market - FTSG 1300 1379 502426 489718 503726 491097 1154870 1120675 Market - ITS 14750 11732 2125997 1617159 2140747 1628891 13157185 10229964 Market - IBS 1429624 1364716 1429624 1364716 Market - LPS 25446047 24524879 25446047 24524879 Market - POA 91560 104507 91560 104507 Midcontinent - FTS 25876 29200 21280958 35800115 21306834 35829315 80358685 134397641 Midcontinent - FTSG 131 145 30421 30943 30552 31088 116204 118280 Midcontinent - ITS 191 788 161199 98570 161390 99358 10264034 4522101 Midcontinent - IBS 11674 13999 11674 13999 Permian - FTS 116974 49778 21726945 18242790 21843919 18292568 104351869 40826527 Permian - ITS 2506 5365 398954 476114 401460 481479 2346125 4465054 South Texas - FTS 299144 249341 105402906 72088349 105702050 72337690 265019500 200406245 South Texas - ITS 2840 2409 408445 358499 411285 360908 2561099 2120680 TexOK - FTS 320421 427060 43570131 42346845 43890552 42773905 309892592 374850530 TexOK - FTSG 13 16 2366 2649 2379 2665 11377 12757 TexOK - ITS 11977 21521 1392089 1944347 1404066 1965868 13214959 19315837 TexOK - IBS 1339856 1734068 1339856 1734068 Unallocated Revenue / Accruals -10420 -9147 -233676 -759370 -244096 -768517 Fuel Recovery 147116259 50090290 147116259 50090290 Commission Approved Capacity Lease Revenue 3636077 3636077 3636077 3636077 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 Other (less than $250,000) 17443 17443 Litigation resolution 7750000 7750000 Affiliate of respondent (Market interest rate) 1001 1001 Interest on audits 229 229 1 3 5 7 9 10 12 13 15 16 18 19 161447557 54126452 161447557 54126452 20076098 5710468 103616399 28957451 118002125 35600961 24112337 33098622 9794402 33906739 13963995 6454750 72815656 25741421 72815656 25741421 1739520 1785556 1968261 1933394 6127597 3836960 7406848 7203979 21222393 8342618 54289 52719 2123067 1902603 569034 590126 178071 182641 41389080 25830596 33229 23603 15327 6424416 5567578 3813986 2727031 5167894 4565176 38190 35987 1388732 1130321 245733 241753 17127507 14291449 58516587 40122045 58516587 40122045 11728912 12024669 218883 194851 73547 71423 25156730 24509206 59475811 21514141 18699775 21405986 23085843 19188793 4891599 4723805 685286 3797907 3732752 1532103 1234843 150927900 109285755 982738 611219 106275 106960 46696489 57441110 12252622 12208131 1428413 1628774 2761 12822 153694 140028 61622992 72149044 212550892 181434799 21362791 25917350 269581 291052 601387 588947 2425754 2294016 1663276 1544197 1579258 1381254 12326778 2069693 2216346 -883863 1865358 1927141 46839902 46425324 46839902 46425324 390723037 293723589 Zone 1 - Permian/OBA 5535541 328161 2106196 313305 Zone 2 - Midcontinent/OBA 3333776 724959 6250521 917021 Zone 3 - TexOK/OBA 14818890 1455117 2013535 Zone 4 - South Texas/OBA 6454672 252721 2627327 536384 Zone 5 - Louisiana/OBA 5162191 756479 4145207 697223 Zone 7 - Amarillo Mainline/OBA 3589139 735367 50309 Zone 8 - Gulf Coast Mainline/OBA 876946 200674 2529816 336862 Zone 9 - Iowa-Illinois/OBA 7416753 711103 4565901 1170565 Zone 7 - Amarillo Mainline/POA 911293 79585 7718 Zone 8 - Gulf Coast Mainline/POA 176097 12564 Zone 9 - Iowa-Illinois/POA 2196284 337752 71666 23847 Zone 9 - Iowa-Illinois/POA/Cashouts 989157 199391 Zone 2 - MidContinent/IBS 19545 542 2462 638 Zone 3 - TexOK/IBS 48335 15635 648999 71231 Zone 7 - Amarillo Mainline/IBS 64495 2151 5346 14070 Zone 8 - Gulf Coast Mainline/IBS 6335 7203 93870 6807 Zone 9 - Iowa-Illinois/IBS 468584 138544 295213 49259 Production to Accounting Month 4607253 Netting by Zone Adjustment -3735542 -3735542 51078876 2023015 31002778 608779 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 930000 5370638 5370638 2625000 16012160 16012160 3069000 15024506 15024506 180429677 186996 68400295 68587291 190458195 208742 75023446 75232188 193324801 216797 72150226 72367023 23763 23763 8926 8926 95050 95050 118751 118751 159728 159728 65567 65567 142514 142514 168654 168654 160617 160617 183579219 186996 81183169 81370165 210736949 208742 97383813 97592555 233314067 216797 93595525 93812322 Gas Loss and Unaccounted for 16054904 Purchase Hedges MTM -2296772 Hedge Broker Fees 50196 Gas Pipeline Ruptures 155667 1 2 3 4 939231323 784118055 939231323 784118055 311972538 207283096 311972538 207283096 78750499 86440493 78750499 86440493 105717877 100326726 105717877 100326726 1126743 938055 1126743 938055 629521 517831 629521 517831 316225 614516 316225 614516 34696216 31886082 34696216 31886082 69192202 60588964 69192202 60588964 14819363 16870617 14819363 16870617 17930748 14645478 17930748 14645478 20222013 12914434 20222013 12914434 614297469 505968392 614297469 505968392 324933854 278149663 324933854 278149663 3304553 2418910 1203167 1393519 937693 1778549 629601 3840535 590 6075604 9431513 31430 10456 250000 7767443 291886 -315864 1898879 -49143 381485 295501 448530 329535 405809 30000 30000 -429041 2293085 -1262798 6846542 1264 675326 2918650 -674096 -2917386 324345152 287913591 NGPL PipeCo LLC J DE 0.650 NGPL Finance LLC J DE 0.350 NGPL Holdings LLC I DE 1.000 Kinder Morgan NGPL Holdings LLC I DE 0.375 Prime US Investments Pty Ltd. I DE 0.375 AL NGPL Holdings, LLC I DE 0.250 Kinder Morgan, Inc. M DE 0.375 Brookfield Infrastructure Partners L.P. M DE 0.375 ArcLight Capital Partners, LLC M DE 0.250 1 2 3 4 5 6 7 8 9 12001890 Contribution in Aid of Construction 4662493 Taxable Income from Partnership 8874425 Capitalized Overhead - Tax 1980648 Capitalized 263A Interest 590 Tax G/L on Disposition of Assets 27520046 74164684 Federal Income Tax 106844620 Book Depreciation and Amortization 17443 Lobbying and Contributions 125 Entertainment and Other 193580 Deferred Revenue 803 Lease Payable 1998 UNICAP 263A 2127163 Park and Loan Deferral 183350416 7613645 State Deferred Income Tax 675326 AFUDC Debt - Book Capitalized Interest 624397 AFUDC Equity - Book Capitalized Amount 8568251 Capitalized Overhead - Book 3304553 Income from Partnership 1415450 Environmental Reserve 30000 Amortization of Investment Tax Credit 590 Book G/L on Disposition of Assets 250000 Litigation 12525000 Bonus Accrual 2459346 Hedging 22000 Property Tax Adjustment 37488558 90871836 Tax Depreciation and Amortization 80300926 Repairs Deduction 17209013 Cost of Removal 188381775 309345281 64962509 21% of Taxable Income 3913829 Return to Provision/Other 68876338 Federal Income Tax - Current 5 6 7 8 9 12 13 14 15 16 17 18 19 22 23 24 25 26 27 28 29 30 31 32 33 36 37 38 42 43 44 45 46 47 Order 637 Penalty Revenues 384885 Various 3237867 3262116 409134 Deferred Income Tax Rate Adjustment (Amortized through June 2038) 175201539 411.1 10034452 165167087 13272319 3262116 1 2 Station 64 - Beaver, OK Field Compressor Stations 1 120 82900 Station 67 - Beaver, OK Field Compressor Stations 1 300 228618 Station 157 - Marshall, OK Field Compressor Stations 1 400 524655 Subtotal Field Compressor Stations 3 820 836173 Station 184 - Sayre, OK Underground Storage Compressor Stations 8 26185 31011788 350049 PT10839H 5 2021-02-12 Station 201 - Herscher, IL Underground Storage Compressor Stations 15 53820 89896551 401281 PT27346H 8 2021-02-19 Station 203 - Arcola, IL Underground Storage Compressor Stations 4 3250 5704432 35378 PT4612H 3 2021-01-23 Station 204 - Columbus Junction, IA Underground Storage Compressor Stations 7 19780 57714810 225008 PT13060H 5 2021-03-16 Station 205 - Keota, IA Underground Storage Compressor Stations 5 6670 17587312 13271 PT3569H 1 2021-11-02 Station 206 - St. Elmo IL Underground Storage Compressor Stations 5 8400 12761615 207366 PT9510H 5 2021-03-24 Station 214 - Columbus Junction, IA Underground Storage Compressor Stations 1 3500 10037344 73027 PT2813H 1 2021-01-26 Station 388 - Longview, TX Underground Storage Compressor Stations 7 37000 39248910 82067920 PT20592H 7 2021-03-08 Underground Storage Compressor Stations Underground Storage Compressor Stations 15711835 5510558 12574742 Subtotal Underground Storage Compressor Stations 52 158605 263962762 15711835 5510558 12574742 1305380 82067920 PT92341H 35 Station 102 - Balko, OK Transmission Compressor Stations 3 12900 18852485 144739 PT4536H 2 2021-11-15 Station 103 - Minneola, KS Transmission Compressor Stations 5 20111 25493579 424183 PT11251H 3 2021-11-15 Station 104 - Great Bend, KS Transmission Compressor Stations 3 20500 38359269 215285 21477600 PT9897H 3 2021-11-12 Station 105 - Glasco, KS Transmission Compressor Stations 3 17100 17946369 437998 PT9064H 2 2021-11-12 Station 106 - Beatrice, NE Transmission Compressor Stations 3 14350 19395060 395747 PT11915H 3 2021-11-03 Station 107 - Emerson, IA Transmission Compressor Stations 7 28300 33799364 562815 PT18384H 5 2021-11-03 Station 108 - Truro, IA Transmission Compressor Stations 5 26000 32455092 89275 PT2127H 2 2021-11-03 Station 109 - Harper, IA Transmission Compressor Stations 6 29650 36235450 513697 PT14709H 5 2021-11-15 Station 110 - Geneseo, IL Transmission Compressor Stations 7 34600 53519142 122006 PT2660H 5 2021-11-15 Station 111 - Fritch, TX Transmission Compressor Stations 5 9120 2711276 Station 113 - Shorewood, IL Transmission Compressor Stations 9 13050 18326863 12309 PT607H 9 2021-02-14 Station 116 - Belvidere, IL Transmission Compressor Stations 1 4925 8713941 229 Station 117 - Mills Co, IA Transmission Compressor Stations 1 3550 507990 46948 PT2681H 1 2021-12-06 Station 139 - Lea, NM Transmission Compressor Stations 1 3250 3834644 Station 154 - Pampa, TX Transmission Compressor Stations 5 9120 8464568 122408 PT4452H 2 2021-01-28 Station 156 - Mountain View, OK Transmission Compressor Stations 3 9000 10753133 32592 PT1299H 1 2021-01-01 Station 158 - Taloga, OK Transmission Compressor Stations 1 2745 1265861 Station 159 - Mooreland, OK Transmission Compressor Stations 1 3165 12424103 5927 PT192H 1 2021-11-10 Station 167 - Lovington, NM Transmission Compressor Stations 3 6000 8863450 32095 PT2091H 3 2021-12-29 Station 168 - Sudan, TX Transmission Compressor Stations 2 8000 7457327 6177 PT24H Station 169 - Hereford, TX Transmission Compressor Stations 2 8000 3645997 Station 193 - Kinsley, KS Transmission Compressor Stations 1 14500 10553781 34282 PT273H 1 2021-11-05 Station 194 - Wilson, KS Transmission Compressor Stations 1 14500 12351412 42060 PT324H 1 2021-11-12 Station 195 - Haddam, KS Transmission Compressor Stations 1 12000 7697011 1789 Station 196 - Syracuse, NE Transmission Compressor Stations 2 24000 14922886 3743 5443200 PT445H 1 2021-11-03 Station 198 - Knoxville, IA Transmission Compressor Stations 2 24000 9209406 16288 PT113H 1 2021-11-03 Station 199 - Letts, IA Transmission Compressor Stations 2 24500 16214977 3163 271203 PT1H 1 2021-03-15 Station 206A - Altamont, IL Transmission Compressor Stations 1 22000 39992512 226 139755 PT8H 1 2021-02-08 Station 300 - Victoria, TX Transmission Compressor Stations 2 16000 41472326 45815680 PT10197H 2 2021-04-20 Station 301 - Wharton, TX Transmission Compressor Stations 2 27050 69570751 1158176 PT12298H 2 2021-12-15 Station 302 - New Caney, TX Transmission Compressor Stations 3 26800 55953589 121970848 PT18668H 3 2021-03-12 Station 303 - Lufkin, TX Transmission Compressor Stations 2 31800 69599266 1799327 PT15669H 2 2021-03-26 Station 304 - Marshall, TX Transmission Compressor Stations 2 46930 87800249 648523 PT5226H 1 2021-09-30 Station 305 - Texarkana, AR Transmission Compressor Stations 9 29650 14983386 25521 PT1011H 6 2021-01-28 Station 306 - Malvern, AR Transmission Compressor Stations 9 29650 45924488 193148 PT8175H 8 2021-02-11 Station 307 - Searcy, AR Transmission Compressor Stations 9 30850 15605281 263888 PT11575H 9 2021-02-12 Station 308 - Biggers, AR Transmission Compressor Stations 9 30850 15514916 160456 PT5902H 9 2021-02-14 Station 309 - Marble Hill, MO Transmission Compressor Stations 9 29650 42022447 169289 PT7221H 9 2021-02-14 Station 310 - Centralia, IL Transmission Compressor Stations 9 30600 16009247 370145 PT14981H 7 2021-02-02 Station 311 - Hammond, IL Transmission Compressor Stations 8 27800 16440120 107671 PT4767H 6 2021-02-11 Station 312 - Cropsy, IL Transmission Compressor Stations 1 30000 51851816 362220 PT2119H 1 2021-02-06 Station 341 - Robstown, TX Transmission Compressor Stations 2 6330 5659471 31 Station 342 - Johnson Bayou, LA Transmission Compressor Stations 6 19700 51629270 37264 PT540H 1 2021-10-26 Station 343 - Devers, TX Transmission Compressor Stations 2 26000 38888056 66451616 PT7269H 2 2021-01-10 Station 346 - Gueydon, LA Transmission Compressor Stations 4 9800 9950024 28857 PT1255H 1 2021-05-09 Station 348 - Cameron, LA Transmission Compressor Stations 1 22490 67567448 1007403 PT8271H 1 2021-11-22 Station 394 - Atlanta, TX Transmission Compressor Stations 1 15900 54392750 320769 PT3111H 1 2021-02-14 Station 801 - Ratliff City, OK Transmission Compressor Stations 4 15120 29454633 437808 PT18399H 4 2021-08-31 Station 802 - Paris, TX Transmission Compressor Stations 3 16560 30122481 286214 PT8305H 2 2021-11-12 Station 803 - Mt. Pleasant, TX Transmission Compressor Stations 2 9470 21734155 3165 PT68H 2 2021-02-15 Station 812 - Atoka, OK Transmission Compressor Stations 2 4000 9498226 9479 PT7H Additional Horizon shared fuel and Other Transmission Compressor Stations 16227 Transmission Compressor Stations Transmission Compressor Stations 59475811 18699774 37409352 Subtotal Transmission Compressor Stations 187 951936 1335611344 59475811 18699774 37409352 10671562 261569902 PT262087H 132 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 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 FERC Form 2 NGPL System Map 2022.pdf 1 Change in preliminary survey and investigation charges -75000 75000 Net salvage/(cost of removal) 17209013 14243678 Change in customer advances for construction 4828162 -4020280 21962175 10298398 1 2 3 Horizon Pipeline Company, L.L.C. Capital Contribution 2002-05-30 8084531 8084531 Retained Earnings 447514 3304553 3100000 652067 Subtotal 8532045 3304553 3100000 8736598 8084531 3100000 1 2 11 13 Change in system balancing gas -20076098 -5710468 Change in gas imbalances 20076098 5710468 Net (loss)/gain on derivative instruments -2459346 184030 Change in park and loan service revenue deferrals 2127163 -1369210 Change in other assets and liabilities 927116 -1736385 594933 -2921565 1 2 3 4 5 105717877 100326726 -2325299 1773765 -30000 -30000 24441200 3768782 3055982 4736573 -8764243 5718718 -173626 -97525 24249 -6230 1613019 4697199 204553 168910 391548284 380439121 114203068 260570440 1613019 4697199 134552224 266171639 -1255659 -21884795 -6115949 -156437019 -271031929 -251405902 -97998453 -16294637 11408739 16788923 5380184 494286 William E. Morgan Vice President, Operational Controller /s/ William E. Morgan 2022-04-18 2 Natural Gas Pipeline Company of America LLC C002096 2021 Q4 1001 Louisiana Street, Suite 1000, Houston, TX 77002 James M. Brossett Director, Financial Reporting 2 North Nevada Avenue, Colorado Springs, CO 80903 719-520-4721 O 2021-12-31 <div><p class="MsoNormalCxSpFirst" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><strong><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">1. General</font></strong></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">We are a Delaware Limited Liability Company (LLC), originally organized as a corporation in 1930 and converted to an LLC on February 15, 2008. When we refer to "us," "we," "our," or "the Company," we are describing Natural Gas Pipeline Company of America LLC. </font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal;"><font style="font-size: 16pt; font-family: Arial, sans-serif;">We are an indirect wholly owned subsidiary of NGPL Holdings LLC (NGPL Holdings). On March 8, 2021, Kinder Morgan, Inc. (KMI) and Brookfield Infrastructure Partners L.P. (Brookfield) sold a combined 25% interest in NGPL Holdings to a fund controlled by ArcLight Capital Partners, LLC (ArcLight). As a result, KMI, Brookfield and funds managed by ArcLight hold a 37.5%, 37.5% and 25.0% interest, respectively, in NGPL Holdings. KMI (the Operator) operates our assets pursuant to a 15-year amended Operations and Reimbursement Agreement (Operating Agreement) that expires in December 2030.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">We own a major interstate natural gas pipeline transmission and storage system which includes approximately 9,000 miles of natural gas pipeline. The system consists primarily of two major interconnected transmission pipelines terminating in the Chicago, Illinois metropolitan area. Our Amarillo Line originates in the West Texas and New Mexico producing areas and our Gulf Coast Line originates in the Gulf Coast areas of Texas and Louisiana. These two main pipelines are connected at points in Texas and Oklahoma by the Amarillo/Gulf Coast cross haul pipeline.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><strong><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">2. Summary of Significant Accounting Policies</font></strong></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Basis of Presentation</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">We have prepared our accompanying financial statements in accordance with the accounting requirements of the Federal Energy Regulatory Commission (FERC) as set forth in its applicable Uniform System of Accounts and published accounting releases, which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America (GAAP). </font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">The most significant differences between GAAP and the financial statements presented herein are: (i) the deferral of certain costs and revenues, (ii) the classification of certain accounts on the balance sheet and statement of income, and (iii) the inclusion and classification of income taxes in a limited liability company's financial statements.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Management has evaluated subsequent events through April 18, 2022, the date the financial statements were available to be issued. </font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="text-align: justify;"><em><font style="font-size: 16.0pt; line-height: 107%; font-family: 'Arial',sans-serif;">Coronavirus Diseases 2019 (COVID-19)</font></em></p> <p class="MsoNormalCxSpMiddle" style="text-align: justify;"></p> <p class="MsoNormalCxSpMiddle" style="text-align: justify;"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">The COVID-19 pandemic resulted in reductions in energy demand and the dramatic decline in commodity prices in 2020. 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. The sustainability of the economic recovery observed in 2021 remains unclear as efforts to combat the virus have been complicated by new variants. 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="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpFirst" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Use of Estimates</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Certain amounts included in or affecting our financial statements and related disclosures must be estimated, requiring us to make certain assumptions with respect to values or conditions which cannot be known with certainty at the time our financial statements are prepared. These estimates and assumptions affect the amounts we report for assets and liabilities, our revenues and expenses during the reporting period, and our disclosures, including those related to contingent assets and liabilities at the date of our financial statements. We evaluate these estimates on an ongoing basis, utilizing historical experience, consultation with experts and other methods we consider reasonable in the particular circumstances. Nevertheless, actual results may differ significantly from our estimates. Any effects on our business, financial position or results of operations resulting from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Certain accounting policies are of more significance in our financial statement preparation process than others, and set out below are the principal accounting policies we apply in the preparation of our financial statements.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; tab-stops: .25in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.5in 7.0in 7.5in; mso-layout-grid-align: none; text-autospace: none;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Cash Equivalents and Restricted Deposits</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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 6.5in 7.0in 7.5in; mso-layout-grid-align: none; text-autospace: none;"></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">We define cash equivalents as all highly liquid short-term investments with original maturities of three months or less.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Amounts included in Account 134 "Other Special Deposits" on our balance sheets represent cash margin deposits posted by us with our counter parties associated with certain energy commodity contract positions.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Allowance for Credit Losses</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-indent: .5in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">We evaluate our financial assets measured at amortized cost and off-balance sheet credit exposures for expected credit losses over the contractual term of the asset or exposure. We consider available information relevant to assessing the collectability of cash flows including the expected risk of credit loss even if that risk is remote. We measure expected credit losses on a collective (pool) basis when similar risk characteristics exist and we reflect the expected credit losses on the amortized cost basis of the financial asset as of the reporting date.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .5in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Our financial instruments primarily consist of our accounts receivable from customers. We utilized historical analysis of credit losses experienced over the previous five years along with current conditions and reasonable and supportable forecasts of future conditions in our evaluation of collectability of our financial assets.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .5in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">We had no allowance for credit losses recorded as of December 31, 2021 and 2020.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Materials and Supplies Inventories</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Our materials and supplies inventories are valued at weighted-average cost, and we periodically review for physical deterioration and obsolescence.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; line-height: normal; tab-stops: .25in .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; mso-layout-grid-align: none; text-autospace: none;"></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Gas in Underground Storage</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">In accordance with our transportation tariffs, we collect natural gas in-kind from shippers on our systems. Certain of this gas is used by us as fuel in our operations. Fuel collected in excess of our operational needs typically is either sold by us or injected into storage for sale at a later date. Consequently, in the normal course of business, we both sell natural gas and maintain natural gas inventories. The excess fuel gas that we take title to under our transportation tariffs is recorded in the accompanying balance sheets. We receive fees from our storage service customers but do not reflect the value of their gas stored in our facilities in our balance sheets. Our natural gas storage inventories are accounted for using the last-in, first-out inventory method. </font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">We maintain natural gas in underground storage as part of our inventory, which is recorded in Account 164.1 "Gas Stored Underground-Current." This component of our inventory represents the portion of gas stored in an underground storage facility generally known as working gas, and represents an estimate of the portion of gas in these facilities available for routine injection and withdrawal to meet current demand. In addition to this working gas, underground gas storage reservoirs contain injected gas, which is not routinely cycled but, instead, serves the function of maintaining the necessary pressure to allow efficient operation of the facility. This gas, generally known as cushion gas, is recorded in Account 117.1 "Gas Stored-Base Gas."</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Natural Gas Imbalances</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Natural gas imbalances occur when the amount of natural gas delivered from or received by a pipeline system or storage facility differs from the scheduled amount of gas to be delivered or received. We value these imbalances due to or from our shippers and operators at the weighted average cost. Imbalances are settled in cash or made up in-kind, subject to the terms of our FERC tariff. Imbalances due from others are reported on our balance sheets as part of Account 174, "Miscellaneous Current and Accrued Assets." Imbalances owed to others are reported on our balance sheets as part of Account 242 "Miscellaneous Current and Accrued Liabilities." We classify all imbalances due from or owed to others as current as we expect to settle them within a year.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Property, Plant and Equipment</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Our property, plant and equipment is recorded at its original cost of construction or, upon acquisition, at either the fair value of the assets acquired or the cost to the entity that first placed the asset in utility service. For constructed assets, we capitalize all construction-related direct labor and material costs, as well as indirect construction costs. Our indirect construction costs primarily include an interest and equity return component (as more fully described below) and labor and related costs associated with supporting construction activities. The indirect capitalized labor and related costs are based upon estimates of time spent supporting construction projects. We expense costs for routine maintenance and repairs in the period incurred.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">We use the composite method to depreciate property, plant and equipment. Under this method, assets with similar economic characteristics are grouped and depreciated as one asset. The FERC-accepted depreciation rate is applied to the total cost of the group until the net book value equals the salvage value. For certain general plant, the asset is depreciated to zero. As part of periodic filings with the FERC, we also re-evaluate and receive approval for our depreciation rates. When property, plant and equipment is retired, accumulated depreciation and amortization is charged for the original cost of the assets in addition to the cost to remove, sell or dispose of the assets, less salvage value. We do not recognize gains or losses unless we sell land or an entire operating unit (as approved by the FERC).</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">As discussed above, underground gas storage reservoirs contain cushion gas, which is not routinely cycled but, instead, serves the function of maintaining the necessary pressure to allow efficient operation of the facility. Cushion gas is divided into the categories of recoverable cushion gas and unrecoverable cushion gas, based on an engineering analysis of whether the gas can be economically removed from the storage facility at any point during its life. The portion of cushion gas that is determined to be unrecoverable is considered to be a permanent part of the facility itself and is depreciated over the facility's estimated useful life. The portion of cushion gas that is determined to be recoverable is also considered a component of the facility but is not depreciated because it is expected to ultimately be recovered and sold.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">We capitalize a carrying cost (an allowance for funds used during construction or AFUDC) on debt and equity funds related to the construction of long-lived assets. This carrying cost consists of a return on the investment financed by debt and a return on the investment financed by equity. The debt portion is calculated based on the average cost of debt of NGPL PipeCo LLC, our direct parent. Interest costs capitalized are included as a reduction to interest charges in Account 432 "Allowance for Borrowed Funds Used During Construction - Credit" on our income statements. The equity portion is calculated based on our most recent FERC approved rate of return. Equity amounts capitalized are included in Account 419.1 "Allowance for Other Funds Used During Construction" on our income statements.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Asset Retirement Obligations (ARO)</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">We record liabilities for obligations related to the retirement and removal of long-lived assets used in our business. 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. Amounts recorded for the related assets are increased by the amount of these obligations. Over time, the liabilities increase due to the change in their present value, and the initial capitalized costs are depreciated over the useful lives of the related assets. The liabilities are eventually extinguished when the asset is taken out of service.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">We are required to operate and maintain our natural gas pipelines and storage systems, and intend to do so as long as supply and demand for natural gas exists, which we expect for the foreseeable future. Therefore, we believe that we cannot reasonably estimate the ARO for the substantial majority of our assets because these assets have indeterminate lives. We continue to evaluate our ARO and future developments could impact the amounts we record. We had no ARO recorded as of December 31, 2021 and 2020.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Long-lived Asset and Investment Impairments</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">We evaluate our long-lived assets for impairment when events or changes in circumstances indicate that the carrying values may not be recoverable through the regulatory process, and evaluate our investments for other-than-temporary impairment. These events include, as applicable, market declines that are believed to be other than temporary, changes in the manner in which we intend to use a long-lived asset, decisions to sell an asset or investment and adverse changes in market conditions or in the legal or business environment such as adverse actions by regulators. If an event occurs and if an impairment is indicated, or if we decide to sell a long-lived asset or group of assets, we adjust the carrying value of the asset downward, if necessary and upon regulatory approval, to its estimated fair value. </font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">There were no impairments for the years ended December 31, 2021 and 2020.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Equity Method of Accounting</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">We use the equity method of accounting for investments in subsidiaries. Under this method, our equity investments are carried originally at our acquisition cost, increased by our proportionate share of the investee's net income and by contributions made, and decreased by our proportionate share of the investee's net losses and by distributions received.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Revenue Recognition</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">We segregate each class of revenue by account pursuant to the FERC's guidance under Code of Federal Regulations Title 18, Part 201. </font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Revenue from Contracts with Customers.</font></em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;"> We review our contracts with customers using the following steps to recognize revenue based on the transfer of goods or services to customers and in amounts that reflect the consideration the company expects to receive for those goods or services. The steps include: (i) identify the contract; (ii) identify the performance obligations of the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and then (v) recognize revenue when (or as), the performance obligation is satisfied. Each of these steps involves management judgment and an analysis of the contract's material terms and conditions.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Natural Gas Transportation and Storage Contracts.</font></em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;"> Our revenues are primarily generated from the transportation and storage of natural gas under firm service customer contracts with take-or-pay elements (principally for capacity reservation) where both the price and quantity are fixed. Generally, for these contracts: (i) our promise is to transfer (or stand ready to transfer) a series of distinct integrated services over a period of time, which is a single performance obligation; (ii) the transaction price includes fixed and/or variable consideration which is determinable at contract inception and/or at each month end based on our right to invoice at month end for the value of services provided to the customer that month; and (iii) the transaction price is recognized as revenue over the service period specified in the contract as the services are rendered. In these arrangements, the customer is obligated to pay for services associated with its take-or-pay obligation regardless of whether or not the customer chooses to utilize the service in that period. Because we make the service continuously available over the service period, we recognize the take-or-pay amount as revenue ratably over the period based on the passage of time.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">The natural gas we receive under our transportation and storage contracts remains under the control of our customers. In many cases, generally described as firm service, the customer generally pays a two-part transaction price that includes (i) a fixed fee reserving the right to transport or store natural gas in our facilities up to contractually specified capacity levels (referred to as "reservation") and (ii) a fee-based per-unit rate for quantities of natural gas actually transported or injected into/withdrawn from storage. In our firm service contracts we generally promise to provide a single integrated service each day over the life of the contract, which is fundamentally a stand-ready obligation to provide services up to the customer's reservation capacity prescribed in the contract. Our customers have a take-or-pay payment obligation with respect to the fixed reservation fee component, regardless of the quantities they actually transport or store. In other cases, generally described as interruptible service, there is no fixed fee associated with these transportation and storage services because the customer accepts the possibility that service may be interrupted at our discretion in order to serve customers who have firm service contracts. We do not have an obligation to perform under interruptible customer arrangements until we accept and schedule the customer's request for periodic service. The customer pays a transaction price on a fee-based per-unit rate for the quantities actually transported or injected into/withdrawn from storage.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Natural Gas Sales Contracts.</font></em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;"> Our customer sales contracts are primarily related to natural gas sales and these revenues are generally accounted for on a gross basis with the related cost reported as a part of Operation Expenses on our income statements. Generally, for the majority of these contracts: (i) each unit (dekatherm) of natural gas sold is a separate performance obligation; (ii) the transaction price is determinable each month end based on our right to invoice at month end for the value of natural gas sold to the customer that month; and (iii) the transaction price is allocated to each performance obligation based on the standalone selling price of natural gas sold and the amount recognized as revenue upon delivery of the natural gas, which is the point in time when the customer obtains control of the natural gas and our performance obligation is satisfied. These customer contracts generally provide for the customer to nominate a specified quantity of natural gas to be delivered and sold to the customer at specified delivery points. The customer pays a transaction price typically based on a market or index per-unit rate for the quantities sold.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Contract Balances. </font></em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Contract assets and contract liabilities are the result of timing differences between revenue recognition, billings and cash collections. As of December 31, 2021 and 2020, our contract asset balances were $8 million and $9 million, respectively. Of the contract asset balance at December 31, 2020, $1 million was transferred to accounts receivable during the year ended December 31, 2021. As of December 31, 2021 and 2020, our contract liability balances were $9 million and $7 million, respectively. Of the contract liability balance at December 31, 2020, $2 million was recognized as revenue during the year ended December 31, 2021.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Major Customers. </font></em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">For the year ended December 31, 2021, revenues from our two largest customers were approximately $134 million and $108 million, each of which exceeded 10% of our operating revenues. For the year ended December 31, 2020, revenue from our largest customer was $100 million, which exceeded 10% of our operating revenues.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Environmental Matters</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">We capitalize or expense, as appropriate, environmental expenditures. 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. 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. 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. We recognize receivables for anticipated associated insurance recoveries when such recoveries are deemed to be probable.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">We routinely conduct reviews of potential environmental issues and claims that could impact our assets or operations. These reviews assist us in identifying environmental issues and estimating the costs and timing of remediation efforts. We also routinely adjust our environmental liabilities to reflect changes in previous estimates. 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. Often, as the remediation evaluation and effort progresses, additional information is obtained, requiring revisions to estimated costs. These revisions are reflected in our income in the period in which they are reasonably determinable.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Risk Management Activities</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">We utilize energy commodity derivative contracts for the purpose of mitigating our risk resulting from fluctuations in the market price of natural gas. We measure our derivative contracts at fair value and we report them on our balance sheets as either an asset or liability. For certain physical forward commodity derivative contracts, we apply the normal purchase/normal sale exception, whereby the revenues and expenses associated with such transactions are recognized during the period when commodities are physically delivered or received.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">For qualifying accounting hedges, we formally document the relationship between the hedging instrument and the hedged item, the risk management objectives and the methods used for assessing and testing effectiveness, and how any ineffectiveness will be measured and recorded. If we designate a derivative contract as a cash flow accounting hedge, the effective portion of the change in fair value of the derivative is deferred in Account 219, "Accumulated Other Comprehensive Income" and reclassified into earnings in the period in which the hedged item affects earnings. Any ineffective portion of the derivative's change in fair value or amount excluded from the assessment of hedge effectiveness is recognized currently in earnings.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">For derivative instruments that are not designated as accounting hedges, or for which we have not elected the normal purchase/normal sales exception, changes in fair value are recognized currently in earnings.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: justify;"><font style="font-size: 16pt; font-family: Arial, sans-serif;">As of December 31, 2021 and 2020, the fair value of derivative contract assets were $4 million and less than $1 million, respectively, and included in Account 175 "Derivative Instrument Assets" on our balance sheets, and the fair value of derivative contract liabilities were $2 million and less than $1 million, respectively, and included in Account 244 "Derivative Instrument Liabilities" on our balance sheets. The following table summarizes the pre-tax impact of our derivative contracts on our income statements.</font></p> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: justify;"></p> <table class="MsoTableGrid" style="width: 657.0pt; border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 5.4pt 0in 5.4pt;" border="1" width="0" cellspacing="0" cellpadding="0"> <tr> <td style="width: 415.688px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid windowtext; padding: 0in 5.4pt;" valign="bottom"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: center;" align="center"></p> </td> <td style="width: 93.75px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt;" valign="bottom"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: center;" align="center"></p> </td> <td style="width: 320.771px; border-top: 1pt solid windowtext; border-left: none; border-bottom: 3pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt;" colspan="4" valign="bottom"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: center;" align="center"><strong><font style="font-size: 16pt; font-family: Arial, sans-serif;">Gain/(Loss) recognized in income on derivatives</font></strong></p> </td> </tr> <tr> <td style="width: 414.354px; border-top: none; border-left: 1pt solid windowtext; border-bottom: 3pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt;" rowspan="2" valign="bottom"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: center;" align="center"><strong><font style="font-size: 16pt; font-family: Arial, sans-serif;">Derivatives not designated as accounting hedges</font></strong></p> </td> <td style="width: 93.0833px; border-top: none; border-left: none; border-bottom: 3pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt;" rowspan="2" valign="bottom"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: center;" align="center"><strong><font style="font-size: 16pt; font-family: Arial, sans-serif;">Account</font></strong></p> </td> <td style="width: 320.771px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt;" colspan="4" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: center;" align="center"><strong><font style="font-size: 16pt; font-family: Arial, sans-serif;">Year Ended December 31,</font></strong></p> </td> </tr> <tr> <td style="width: 156.5px; border-top: none; border-left: none; border-bottom: 3pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt;" colspan="2" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: center;" align="center"><strong><font style="font-size: 16pt; font-family: Arial, sans-serif;">2021</font></strong></p> </td> <td style="width: 148.562px; border-top: none; border-left: none; border-bottom: 3pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt;" colspan="2" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: center;" align="center"><strong><font style="font-size: 16pt; font-family: Arial, sans-serif;">2020</font></strong></p> </td> </tr> <tr> <td style="width: 414.354px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="text-align: left;"><font style="font-size: 16pt; font-family: Arial, sans-serif;">Energy commodity derivative contracts</font></p> </td> <td style="width: 93.0833px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: center;" align="center"></p> </td> <td style="width: 38.0417px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: justify;"></p> </td> <td style="width: 104.083px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: right;" align="right"></p> </td> <td style="width: 33.0208px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: justify;"></p> </td> <td style="width: 101.167px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: right;" align="right"></p> </td> </tr> <tr> <td style="width: 414.354px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; margin-left: 17.3pt; text-align: justify;"><font style="font-size: 16pt; font-family: Arial, sans-serif;">Sales for resale</font></p> </td> <td style="width: 93.0833px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: center;" align="center"><font style="font-size: 16pt; font-family: Arial, sans-serif;">483</font></p> </td> <td style="width: 38.0417px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: justify;"><font style="font-size: 16pt; font-family: Arial, sans-serif;">$</font></p> </td> <td style="width: 104.083px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">(21)</font></p> </td> <td style="width: 33.0208px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: justify;"><font style="font-size: 16pt; font-family: Arial, sans-serif;">$</font></p> </td> <td style="width: 101.167px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">(2)</font></p> </td> </tr> <tr> <td style="width: 414.354px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; margin-left: 17.3pt;"><font style="font-size: 16pt; font-family: Arial, sans-serif;">Other gas supply expenses</font></p> </td> <td style="width: 93.0833px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: center;" align="center"><font style="font-size: 16pt; font-family: Arial, sans-serif;">813</font></p> </td> <td style="width: 38.0417px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 3pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: justify;"></p> </td> <td style="width: 104.083px; border-top: none; border-left: none; border-bottom: 3pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">2</font></p> </td> <td style="width: 33.0208px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 3pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: justify;"></p> </td> <td style="width: 101.167px; border-top: none; border-left: none; border-bottom: 3pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">-</font></p> </td> </tr> <tr> <td style="width: 414.354px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; margin-left: 26.3pt; text-align: justify;"><font style="font-size: 16pt; font-family: Arial, sans-serif;">Total</font></p> </td> <td style="width: 93.0833px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: justify;"></p> </td> <td style="width: 38.0417px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 3pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: justify;"><font style="font-size: 16pt; font-family: Arial, sans-serif;">$</font></p> </td> <td style="width: 104.083px; border-top: none; border-left: none; border-bottom: 3pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">(19)</font></p> </td> <td style="width: 33.0208px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 3pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: justify;"><font style="font-size: 16pt; font-family: Arial, sans-serif;">$</font></p> </td> <td style="width: 101.167px; border-top: none; border-left: none; border-bottom: 3pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt;" valign="top"> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">(2)</font></p> </td> </tr> </table> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: justify;"></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Regulatory Assets and Liabilities</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .2in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Regulatory assets and liabilities represent probable future revenues or expenses associated with certain charges and credits that are expected to be recovered from or returned to customers through the ratemaking process.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><strong><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">3. Income Taxes</font></strong></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">We are a limited liability company and are not subject to federal or state income taxes; however, all of our activities are included in the tax returns of NGPL Holdings, which is a taxable C-corporation. Our approved rates include an allowance for income taxes, calculated as if we were a taxable corporation, and the FERC requires that we reflect such taxes in our financial statements. </font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">We record current income taxes based on our taxable income and we provide for deferred income taxes to reflect estimated future tax payments and receipts. Deferred taxes represent the tax impacts of differences between the financial statement and tax bases of assets and liabilities and carryovers at each year end. We reduce deferred tax assets by a valuation allowance when, based on our estimates, it is more likely than not that a portion of those assets will not be realized in a future period. The estimates utilized in the recognition of deferred tax assets are subject to revision, either up or down, in future periods based on new facts or circumstances. We are amortizing our investment tax credit over 48 years. We are included in NGPL Holdings' consolidated federal and unitary state tax returns. Income taxes charged to us and assignable to our Members are treated as a capital contribution to or distribution from proprietary capital. </font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">The following table reflects the components of income tax expense included in net income (in millions):</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <table class="MsoTableGrid" style="margin-left: 62.75pt; border-collapse: collapse; border: none; height: 514px;" border="1" cellspacing="0" cellpadding="0"> <tr style="height: 40px;"> <td style="width: 823.223px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 80px;" rowspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 534.473px; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-image: initial; border-left: none; padding: 0in 5.4pt; height: 40px;" colspan="4" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Year Ended December 31,</font></strong></p> </td> </tr> <tr style="height: 40px;"> <td style="width: 256.836px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">2021</font></strong></p> </td> <td style="width: 261.934px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">2020</font></strong></p> </td> </tr> <tr style="height: 43px;"> <td style="width: 822.559px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 43px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Current:</font></p> </td> <td style="width: 256.836px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 43px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 261.934px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 43px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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="height: 40px;"> <td style="width: 822.559px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;"> Federal</font></p> </td> <td style="width: 88.9062px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">$ </font></p> </td> <td style="width: 153.555px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">69</font></p> </td> <td style="width: 94.8242px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">$ </font></p> </td> <td style="width: 152.734px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">62</font></p> </td> </tr> <tr style="height: 43px;"> <td style="width: 822.559px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 43px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;"> State</font></p> </td> <td style="width: 256.836px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 43px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">15</font></p> </td> <td style="width: 261.934px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 43px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">18</font></p> </td> </tr> <tr style="height: 54px;"> <td style="width: 822.559px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 54px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 256.836px; border-top: none; border-left: none; border-bottom: 1.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 54px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">84</font></p> </td> <td style="width: 261.934px; border-top: none; border-left: none; border-bottom: 1.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 54px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">80</font></p> </td> </tr> <tr style="height: 41px;"> <td style="width: 822.559px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 41px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 256.836px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 41px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 261.934px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 41px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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="height: 40px;"> <td style="width: 822.559px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Deferred:</font></p> </td> <td style="width: 256.836px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 261.934px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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="height: 40px;"> <td style="width: 822.559px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;"> Federal</font></p> </td> <td style="width: 256.836px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">5</font></p> </td> <td style="width: 261.934px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">4</font></p> </td> </tr> <tr style="height: 43px;"> <td style="width: 822.559px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 43px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;"> State</font></p> </td> <td style="width: 256.836px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 43px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">(8)</font></p> </td> <td style="width: 261.934px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 43px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">(2)</font></p> </td> </tr> <tr style="height: 45px;"> <td style="width: 822.559px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 45px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 256.836px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 45px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">(3)</font></p> </td> <td style="width: 261.934px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 45px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">2</font></p> </td> </tr> <tr style="height: 45px;"> <td style="width: 822.559px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 45px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Total income tax expense</font></p> </td> <td style="width: 88.9062px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 4.5pt solid windowtext; padding: 0in 5.4pt; height: 45px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">$</font></p> </td> <td style="width: 153.555px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 45px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">81</font></p> </td> <td style="width: 94.8242px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 4.5pt solid windowtext; padding: 0in 5.4pt; height: 45px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">$ </font></p> </td> <td style="width: 152.734px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 45px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">82</font></p> </td> </tr> </table> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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 6.5in 7.0in 7.5in; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">The differences between our actual income tax expense and the amount computed by applying the statutory federal income tax rate of 21% are summarized as follows (in millions):</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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 6.5in 7.0in 7.5in; mso-layout-grid-align: none; text-autospace: none;"></p> <table class="MsoTableGrid" style="margin-left: 64.75pt; border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 5.4pt 0in 5.4pt;" border="1" cellspacing="0" cellpadding="0"> <tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes; height: 28.45pt;"> <td style="width: 727.0pt; border: none; border-right: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; height: 28.45pt;" valign="bottom" width="380"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 4.75in; border: solid windowtext 1.0pt; border-left: none; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; height: 28.45pt;" colspan="4" valign="bottom" width="241"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Year Ended December 31,</font></strong></p> </td> </tr> <tr style="mso-yfti-irow: 1; height: 29.45pt;"> <td style="width: 727.0pt; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; height: 29.45pt;" valign="bottom" width="380"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 165.1pt; border-top: none; border-left: none; border-bottom: solid windowtext 4.5pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext 4.5pt; padding: 0in 5.4pt 0in 5.4pt; height: 29.45pt;" colspan="2" valign="bottom" width="118"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">2021</font></strong></p> </td> <td style="width: 176.9pt; border-top: solid windowtext 1.0pt; border-left: none; border-bottom: solid windowtext 4.5pt; border-right: solid windowtext 1.0pt; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext 4.5pt; padding: 0in 5.4pt 0in 5.4pt; height: 29.45pt;" colspan="2" valign="bottom" width="123"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">2020</font></strong></p> </td> </tr> <tr style="mso-yfti-irow: 2; height: 28.45pt;"> <td style="width: 727.0pt; border: solid windowtext 1.0pt; border-top: none; mso-border-top-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; height: 28.45pt;" valign="bottom" width="380"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Income tax expense at the statutory federal rate</font></p> </td> <td style="width: 31.5pt; border: none; border-bottom: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext 4.5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; height: 28.45pt;" valign="bottom" width="33"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">$</font></p> </td> <td style="width: 133.6pt; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext 4.5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; height: 28.45pt;" valign="bottom" width="85"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">85</font></p> </td> <td style="width: 41.9pt; border: none; border-bottom: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext 4.5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; height: 28.45pt;" valign="bottom" width="38"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; line-height: normal; tab-stops: 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">$ </font></p> </td> <td style="width: 135.0pt; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext 4.5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; height: 28.45pt;" valign="bottom" width="85"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: right; line-height: normal; tab-stops: 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: 16.0pt; font-family: 'Arial',sans-serif;">78</font></p> </td> </tr> <tr style="mso-yfti-irow: 3; height: 28.45pt;"> <td style="width: 727.0pt; border: solid windowtext 1.0pt; border-top: none; mso-border-top-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; height: 28.45pt;" valign="bottom" width="380"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">State income tax, net of federal income tax effect</font></p> </td> <td style="width: 165.1pt; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; height: 28.45pt;" colspan="2" valign="bottom" width="118"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">4</font></p> </td> <td style="width: 176.9pt; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; height: 28.45pt;" colspan="2" valign="bottom" width="123"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">11</font></p> </td> </tr> <tr style="mso-yfti-irow: 4; height: 28.45pt;"> <td style="width: 727.0pt; border: solid windowtext 1.0pt; border-top: none; mso-border-top-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; height: 28.45pt;" valign="bottom" width="380"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Regulatory liability amortization</font></p> </td> <td style="width: 165.1pt; border-top: none; border-left: none; border-bottom: solid windowtext 4.5pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext 4.5pt; padding: 0in 5.4pt 0in 5.4pt; height: 28.45pt;" colspan="2" valign="bottom" width="118"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">(8)</font></p> </td> <td style="width: 176.9pt; border-top: none; border-left: none; border-bottom: solid windowtext 4.5pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext 4.5pt; padding: 0in 5.4pt 0in 5.4pt; height: 28.45pt;" colspan="2" valign="bottom" width="123"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">(7)</font></p> </td> </tr> <tr style="mso-yfti-irow: 5; height: 28.45pt;"> <td style="width: 727.0pt; border: solid windowtext 1.0pt; border-top: none; mso-border-top-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; height: 28.45pt;" valign="bottom" width="380"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Total income tax expense</font></p> </td> <td style="width: 31.5pt; border: none; border-bottom: solid windowtext 4.5pt; mso-border-top-alt: solid windowtext 4.5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; height: 28.45pt;" valign="bottom" width="33"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">$</font></p> </td> <td style="width: 133.6pt; border-top: none; border-left: none; border-bottom: solid windowtext 4.5pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext 4.5pt; mso-border-bottom-alt: solid windowtext 4.5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; height: 28.45pt;" valign="bottom" width="85"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">81</font></p> </td> <td style="width: 41.9pt; border: none; border-bottom: solid windowtext 4.5pt; mso-border-top-alt: solid windowtext 4.5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; height: 28.45pt;" valign="bottom" width="38"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">$ </font></p> </td> <td style="width: 135.0pt; border-top: none; border-left: none; border-bottom: solid windowtext 4.5pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext 4.5pt; mso-border-bottom-alt: solid windowtext 4.5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; height: 28.45pt;" valign="bottom" width="85"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">82</font></p> </td> </tr> <tr style="mso-yfti-irow: 6; mso-yfti-lastrow: yes; height: 29.45pt;"> <td style="width: 727.0pt; border: solid windowtext 1.0pt; border-top: none; mso-border-top-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; height: 29.45pt;" valign="bottom" width="380"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Effective tax rate</font></p> </td> <td style="width: 165.1pt; border-top: none; border-left: none; border-bottom: solid windowtext 4.5pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: 4.5pt; mso-border-left-alt: .5pt; mso-border-bottom-alt: 4.5pt; mso-border-right-alt: .5pt; mso-border-color-alt: windowtext; mso-border-style-alt: solid; padding: 0in 5.4pt 0in 5.4pt; height: 29.45pt;" colspan="2" valign="bottom" width="118"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">20.1%</font></p> </td> <td style="width: 176.9pt; border-top: none; border-left: none; border-bottom: solid windowtext 4.5pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: 4.5pt; mso-border-left-alt: .5pt; mso-border-bottom-alt: 4.5pt; mso-border-right-alt: .5pt; mso-border-color-alt: windowtext; mso-border-style-alt: solid; padding: 0in 5.4pt 0in 5.4pt; height: 29.45pt;" colspan="2" valign="bottom" width="123"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">22.1%</font></p> </td> </tr> </table> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">The following are the components of our net deferred tax liability (in millions):</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <table class="MsoTableGrid" style="margin-left: 62.75pt; border-collapse: collapse; border: none; height: 547px;" border="1" cellspacing="0" cellpadding="0"> <tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes;"> <td style="width: 900.059px; border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 42px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 470.156px; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-image: initial; border-left: none; padding: 0in 5.4pt; height: 42px;" colspan="4" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">December 31,</font></strong></p> </td> </tr> <tr style="mso-yfti-irow: 1;"> <td style="width: 900.059px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 43px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 216.191px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 43px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">2021</font></strong></p> </td> <td style="width: 238.262px; border-top: 1pt solid windowtext; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 43px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">2020</font></strong></p> </td> </tr> <tr style="mso-yfti-irow: 2;"> <td style="width: 899.395px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Deferred tax liabilities:</font></p> </td> <td style="width: 216.191px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 238.262px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 3;"> <td style="width: 899.395px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;"> Property, plant and equipment</font></p> </td> <td style="width: 44.9414px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">$</font></p> </td> <td style="width: 156.875px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">306</font></p> </td> <td style="width: 55.957px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">$ </font></p> </td> <td style="width: 167.93px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">305</font></p> </td> </tr> <tr style="mso-yfti-irow: 4;"> <td style="width: 899.395px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;"> Investment in partnership</font></p> </td> <td style="width: 216.191px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">5</font></p> </td> <td style="width: 238.262px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">6</font></p> </td> </tr> <tr style="mso-yfti-irow: 5;"> <td style="width: 899.395px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 43px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;"> Regulatory assets and other</font></p> </td> <td style="width: 216.191px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 43px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">5</font></p> </td> <td style="width: 238.262px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 43px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">4</font></p> </td> </tr> <tr style="mso-yfti-irow: 6;"> <td style="width: 899.395px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 45px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;"> Total deferred tax liabilities</font></p> </td> <td style="width: 216.191px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 45px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">316</font></p> </td> <td style="width: 238.262px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 45px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">315</font></p> </td> </tr> <tr style="mso-yfti-irow: 7;"> <td style="width: 899.395px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 37px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 216.191px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 37px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 238.262px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 37px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 899.395px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 44px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Deferred tax assets:</font></p> </td> <td style="width: 216.191px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 44px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 238.262px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 44px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 9;"> <td style="width: 899.395px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;"> Regulatory liability</font></p> </td> <td style="width: 216.191px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">40</font></p> </td> <td style="width: 238.262px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">44</font></p> </td> </tr> <tr style="mso-yfti-irow: 10;"> <td style="width: 899.395px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 43px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;"> Other</font></p> </td> <td style="width: 216.191px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 43px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">3</font></p> </td> <td style="width: 238.262px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 43px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">6</font></p> </td> </tr> <tr style="mso-yfti-irow: 11;"> <td style="width: 899.395px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 45px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;"> Total deferred tax assets </font></p> </td> <td style="width: 216.191px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 45px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">43</font></p> </td> <td style="width: 238.262px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 45px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">50</font></p> </td> </tr> <tr style="mso-yfti-irow: 12; mso-yfti-lastrow: yes;"> <td style="width: 899.395px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 45px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Net deferred tax liability</font></p> </td> <td style="width: 44.9414px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 4.5pt solid windowtext; padding: 0in 5.4pt; height: 45px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">$</font></p> </td> <td style="width: 156.875px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 45px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: right; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">273</font></p> </td> <td style="width: 55.957px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 4.5pt solid windowtext; padding: 0in 5.4pt; height: 45px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in 7.0in; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">$ </font></p> </td> <td style="width: 167.93px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 45px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">265</font></p> </td> </tr> </table> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"><strong><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">4. Related Party Transactions </font></strong></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Proprietary Capital</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">During the years ended December 31, 2021 and 2020, we made distributions totaling $251 million and $98 million, respectively, to our Members.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Affiliate Balances</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">The following table summarizes our balance sheet affiliate balances (in millions):</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <div align="center"> <table class="MsoNormalTable" style="border-collapse: collapse; border: none; height: 229px;" border="1" cellspacing="0" cellpadding="0"> <tr style="height: 30px;"> <td style="width: 148.086px; border-width: 1pt 1pt 4.5pt; border-style: solid; border-color: windowtext; border-image: initial; padding: 0in 5.4pt; height: 60px;" rowspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Account</font></strong></p> </td> <td style="width: 833.516px; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-image: initial; border-left: none; padding: 0in 5.4pt; height: 60px;" rowspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="mso-add-space: auto; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 269.25pt 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in; mso-layout-grid-align: none; text-autospace: none; margin: 0in 3.75pt .0001pt 0in;"></p> </td> <td style="width: 442.715px; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-image: initial; border-left: none; padding: 0in 5.4pt; height: 30px;" colspan="4" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">December 31, </font></strong></p> </td> </tr> <tr style="height: 30px;"> <td style="width: 217.109px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 30px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">2021</font></strong></p> </td> <td style="width: 209.902px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 30px;" colspan="2" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">2020</font></strong></p> </td> </tr> <tr style="height: 49px;"> <td style="width: 148.086px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 49px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">174</font></p> </td> <td style="width: 833.516px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 49px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="mso-add-space: auto; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 269.25pt 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in; mso-layout-grid-align: none; text-autospace: none; margin: 0in 3.75pt .0001pt 0in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Gas imbalances receivable from associated companies</font></p> </td> <td style="width: 32.1094px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid windowtext; padding: 0in 5.4pt; height: 49px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">$</font></p> </td> <td style="width: 170.625px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 49px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">2</font></p> </td> <td style="width: 39.7461px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid windowtext; padding: 0in 5.4pt; height: 49px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">$</font></p> </td> <td style="width: 155.781px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 49px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;"> 2</font></p> </td> </tr> <tr style="height: 40px;"> <td style="width: 148.086px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">186</font></p> </td> <td style="width: 833.516px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="mso-add-space: auto; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 269.25pt 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in; mso-layout-grid-align: none; text-autospace: none; margin: 0in 3.75pt .0001pt 0in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Capacity contract levelization </font></p> </td> <td style="width: 32.1094px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 170.625px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">2</font></p> </td> <td style="width: 39.7461px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 155.781px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">2</font></p> </td> </tr> <tr style="height: 40px;"> <td style="width: 148.086px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">234</font></p> </td> <td style="width: 833.516px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="mso-add-space: auto; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 269.25pt 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in; mso-layout-grid-align: none; text-autospace: none; margin: 0in 3.75pt .0001pt 0in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Accounts payable to associated companies</font></p> </td> <td style="width: 32.1094px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 170.625px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">15</font></p> </td> <td style="width: 39.7461px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 155.781px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">14</font></p> </td> </tr> <tr style="height: 40px;"> <td style="width: 148.086px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">242</font></p> </td> <td style="width: 833.516px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="mso-add-space: auto; line-height: normal; tab-stops: .5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 269.25pt 4.0in 4.5in 5.0in 5.5in 6.0in 6.5in; mso-layout-grid-align: none; text-autospace: none; margin: 0in 3.75pt .0001pt 0in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Gas imbalances payable to associated companies </font></p> </td> <td style="width: 32.1094px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 170.625px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">18</font></p> </td> <td style="width: 39.7461px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 155.781px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.4pt; height: 40px;" valign="bottom"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">3</font></p> </td> </tr> </table> </div> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"></p> <p class="MsoNormal" style="text-align: justify; text-autospace: none;"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">We are operated by KMI, and its employees provide services to us.</font> <font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">The Operating Agreement provides for KMI to be reimbursed, at cost, for pre-approved expenditures. </font><font style="font-size: 16.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-bidi-font-style: italic;">Beginning in 2021, we also reimburse KMI, at cost, for allocated general and administrative expenses (G&amp;A expenses)in addition to indirect costs incurred on our behalf. In periods prior to 2021, we paid a fixed annual fee for G&amp;A expenses.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">The following table shows revenues and costs from our affiliates (in millions):</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <div align="center"> <table class="MsoNormalTable" style="border-collapse: collapse; mso-table-layout-alt: fixed; mso-padding-alt: 0in 5.4pt 0in 0in;" border="0" cellspacing="0" cellpadding="0"> <tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes;"> <td style="width: 764.75pt; border: none; border-right: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 0in;" valign="bottom" width="462"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 337.5pt; border: solid windowtext 1.0pt; border-left: none; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="4" valign="bottom" width="246"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Year Ended December 31,</font></strong></p> </td> </tr> <tr style="mso-yfti-irow: 1;"> <td style="width: 764.75pt; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 0in;" valign="bottom" width="462"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 171.0pt; border-top: none; border-left: none; border-bottom: solid windowtext 4.5pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext 4.5pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="bottom" width="124"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">2021</font></strong></p> </td> <td style="width: 166.5pt; border-top: solid windowtext 1.0pt; border-left: none; border-bottom: solid windowtext 4.5pt; border-right: solid windowtext 1.0pt; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext 4.5pt; padding: 0in 5.4pt 0in 5.4pt;" colspan="2" valign="bottom" width="122"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">2020</font></strong></p> </td> </tr> <tr style="mso-yfti-irow: 2;"> <td style="width: 764.75pt; border: solid windowtext 1.0pt; border-top: none; mso-border-top-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 0in;" valign="bottom" width="462"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Revenues</font></p> </td> <td style="width: 27.0pt; border: none; border-bottom: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext 4.5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 0in;" valign="bottom" width="25"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">$</font></p> </td> <td style="width: 2.0in; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext 4.5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 0in;" valign="bottom" width="99"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">5</font></p> </td> <td style="width: 33.4pt; border: none; border-bottom: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext 4.5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 0in;" valign="bottom" width="29"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">$</font></p> </td> <td style="width: 133.1pt; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext 4.5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 0in;" valign="bottom" width="93"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">5</font></p> </td> </tr> <tr style="mso-yfti-irow: 3;"> <td style="width: 764.75pt; border: solid windowtext 1.0pt; border-top: none; mso-border-top-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 0in;" valign="bottom" width="462"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Operation, maintenance and payroll tax expenses</font></p> </td> <td style="width: 27.0pt; border: none; border-bottom: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 0in;" valign="bottom" width="25"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 2.0in; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 0in;" valign="bottom" width="99"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">107</font></p> </td> <td style="width: 33.4pt; border: none; border-bottom: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 0in;" valign="bottom" width="29"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 133.1pt; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 0in;" valign="bottom" width="93"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">103</font></p> </td> </tr> <tr style="mso-yfti-irow: 4; mso-yfti-lastrow: yes;"> <td style="width: 764.75pt; border: solid windowtext 1.0pt; border-top: none; mso-border-top-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 0in;" valign="bottom" width="462"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Capitalized costs </font></p> </td> <td style="width: 27.0pt; border: none; border-bottom: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 0in;" valign="bottom" width="25"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 2.0in; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 0in;" valign="bottom" width="99"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">22</font></p> </td> <td style="width: 33.4pt; border: none; border-bottom: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 0in;" valign="bottom" width="29"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 133.1pt; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 0in;" valign="bottom" width="93"> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">29</font></p> </td> </tr> </table> </div> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Subsequent Event</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: 13.7pt; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">Subsequent to December 31, 2021 and through the issuance of this report, we made distributions to our Members of $90 million.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><strong><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">5. Rate and Regulatory Matters</font></strong></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Gulf Coast Southbound Project (GCSP) (Docket No. CP19-99-000)</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">On February 28, 2019, we filed an application with the FERC requesting authority to construct the second phase of the GCSP. Specifically, we requested authority to: (i) construct and operate a 10,000 horsepower (hp) electric compressor unit in Victoria County, Texas; (ii) construct and operate a 15,900 hp gas-fired compressor unit in Wharton County, Texas; (iii) construct and operate two 23,470 hp gas-fired compressor units in Harrison County, Texas, (iv) abandon in place two 3,000 hp gas-fired compressor units in Victoria County, Texas and (v) abandon in place seven 2,800 hp gas-fired compressor units, a 4,000 hp gas-fired compressor unit and a 7,250 hp gas-fired compressor unit, all in Harrison County, Texas. Installation of these facilities has enabled us to transport a total of 300,000 dekatherms per day of incremental firm southbound transportation capacity on our Gulf Coast Mainline System to Corpus Christi Liquefaction, L.L.C. The filed cost of the project is approximately $145 million. We placed a portion of the project facilities into service in December 2020 and fully placed the GCSP project into service on March 1, 2021.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em style="mso-bidi-font-style: normal;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Cost and Revenue Study</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">On June 1, 2021, we filed a cost and revenue study with the FERC in Docket No. RP17-913-000. The filing is in compliance with our Section 5 settlement proceeding, and reflects costs and revenues for calendar year 2020. No parties protested our filing and the filing is currently pending before the FERC.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><strong><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">6. Litigation, Environmental and Commitments </font></strong></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Legal Matters</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">We are party to various legal, regulatory and other matters arising from the day-to-day operations of our business 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. 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 where an adverse outcome may be material, or in the judgment of management, we conclude the matter should otherwise be disclosed. </font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em style="mso-bidi-font-style: normal;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Legal Proceeding</font></em></p> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: justify;"></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: justify;"><em><font style="font-size: 16pt; font-family: Arial, sans-serif;">Third Party Line Strike Litigation. </font></em><font style="font-size: 16pt; font-family: Arial, sans-serif;">We were named as a defendant or an interested party in litigation filed in Illinois arising from a third party line strike and associated rupture of our pipeline in December 2017 in Lee County, Illinois. Two persons died from injuries sustained in the incident, one other person sustained severe burns, and a fourth person was treated for minor injuries and released from the hospital on the day of the incident. The lawsuits generally alleged that NGPL and its Operator failed to properly mark the pipeline, and sought compensatory and punitive damages in unspecified amounts. We notified our insurers and have vigorously defended the litigation given our position that the line was marked correctly, and was struck in connection with agricultural operations undertaken by claimants who did not make a one-call notification, as required by law, before digging near the pipeline. With the exception of one remaining lawsuit noted below, all of the claims asserted arising from this incident were resolved by settlement on terms which are confidential and not material to our financial statements. The sole remaining lawsuit is pending in state court in Lee County and involves claims asserted by the fourth person who sustained minor injuries. We intend to continue to vigorously defend this remaining suit, the resolution of which is not expected to be material to our financial statements.</font></p> <p class="MsoNormal" style="mso-margin-top-alt: auto; text-align: justify;"></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">As of December 31, 2021 and 2020, we had zero and less than $1 million, respectively, accrued for our outstanding legal proceedings.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em style="mso-bidi-font-style: normal;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Environmental Matters</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; tab-stops: 27.0pt .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; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">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="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; text-indent: .25in; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">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. As of December 31, 2021 and 2020, we had $1 million and $2 million, respectively, accrued for our environmental matters.</font></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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;"><em style="mso-bidi-font-style: normal;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Capital Commitments</font></em></p> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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> <p class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; 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: 16.0pt; font-family: 'Arial',sans-serif;">As of December 31, 2021, we have capital commitments of approximately $11 million, which we expect to spend in 2022.</font></p></div> Distributions to Members 251405902 97998453 251405902 97998453 1 1245965730 1056219502 3100000 2250000 1318700427 278604 3100000 2250000 35937317 21787537 35937317 21787537 11649000 9804478 2139882 2247449 815066014 686006195 817205896 688253644 2095329126 2049798648 83633471 72989246 83633471 72989246 230507858 190009505 251724 61400 251724 61400 321487 343097 321487 343097 1881428 683131 1881428 683131 2139882 2247449 937091441 781870606 939231323 784118055 2139882 2247449 937091441 781870606 Directly Charged Salaries and Wages Kinder Morgan, Inc. Various 76656607 Other Compensation and Benefits Kinder Morgan, Inc. Various 12551239 Shared Services Kinder Morgan, Inc. Various 20013702 Construction Overheads Kinder Morgan, Inc. Various 17076619 Transmission and Compression of Gas by Others Horizon Pipeline Company, L.L.C. 858 2266790 128564957 Capacity Lease Horizon Pipeline Company, L.L.C. 489.2 2080500 Capacity Lease Kinder Morgan Illinois Pipeline LLC 489.2 729996 Capacity Lease Kinder Morgan Louisiana Pipeline LLC 489.2 825581 General and Administrative Services Horizon Pipeline Company, L.L.C. Various 55994 Interruptible Transportation Services Kinder Morgan Tejas Pipeline LLC 489.2 1001080 Interruptible Transportation Services Kinder Morgan Texas Pipeline LLC 489.2 122579 Interruptible Transportation Services Tennessee Gas Pipeline Company, L.L.C. 489.2 40921 4856651 2 3 4 5 6 9 10 11 12 13 14 15 Cairo Field - Iowa Underground Storage 345050 159482433 true Columbus City Field - Iowa Underground Storage 180250 68253730 true Keota Field - Iowa Underground Storage 103000 26356816 true Herscher Field - Illinois Underground Storage 1380200 242828595 true Cooks Mills Field - Illinois Underground Storage 154500 21394649 true Loudon Field - Illinois Underground Storage 525300 112487159 true North Lansing Field - Texas Underground Storage 1277200 247360930 true Sayre Field - Oklahoma Underground Storage 687010 120483236 true 1 2 3 4 5 6 7 8 2022-01-10 19 902449 902468 1136782 4647054 5783836 120298 101907 222205 Operational balancing agreements 113365 219986 333351 POA 86900 65720 152620 IBS 16761 16761 LPS 14887 14887 Other Capacity 299700 299700 Other -37340 38514 1174 1719724 6007278 7727002 120208 120208 2684397 2684397 2804605 2804605 193701 193701 103757 103757 297458 297458 2022-01-05 -4266 3566128 3561862 4399351 13027639 17426990 245612 -35054 210558 Operational balancing agreements 104686 -9073 95613 POA 13238 13238 IBS 118291 118291 LPS 48081 48081 Other Capacity 550411 550411 Other -27531 31053 3522 5268263 16760303 22028566 704823 704823 8222253 8222253 8927076 8927076 283393 283393 572414 572414 855807 855807 <div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">1. None</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">2. None</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">3. None</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">4. None</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">5. See page 122.1, Notes to Financial Statements, Note 5 "Rate and Regulatory Matters."</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">6. None</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">7. None</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">8. None</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">9. See page 122.1, Notes to Financial Statements, Note 6 "Litigation, Environmental and Commitments."</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">10. None</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">11. None</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">12. Changes made during the year ended December 31, 2021:</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">Appointments:</font></p> <p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">William Burton - President</font></p> <p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">David Dewey - Vice President</font></p> <p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">Christopher <font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">Graeter</font> - Vice President and Treasurer</font></p> <p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">Christa Robbins - Vice President</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">Resignations:</font></p> <p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">Anthony B. Ashley - Vice President and Treasurer</font></p> <p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">James Brett - Vice President</font></p> <p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">William Burton - Vice President</font></p> <p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;"><font style="border: 1pt none windowtext; padding: 0in;">Tom Dender</font> - Vice President</font></p> <p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">David Devine - President</font></p> <p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;"><font style="border: 1pt none windowtext; padding: 0in;">Daniel Gredvig</font>- Vice President</font></p> <p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">David <font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">Michels</font> - Vice President</font></p> <p style="text-align: left;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">See page 122.1, Notes to Financial Statements, Note 1 "General" for additional information.<br/></font></p> <p style="padding-left: 30px;"></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">13. N/A</font></p></div> 1688 3626 12398312 12401938 1688 12398312 1688 3626 12398312 12401938 Account 136 - Temporary Cash Investment 8 7 5 4 2 1 See footnote 2 5 8 11 Rate Schedule FTS 176165033 187393 45091230 45278623 176391901 197636 50358376 50556012 174751380 198498 51780180 51978678 Rate Schedule FTS-G 38718 46 14510 14556 135405 162 56035 56197 163124 196 67010 67206 Rate Schedule FFTS Rate Schedule ITS 3568623 2742 400138 402880 2961134 2907 429552 432459 2883103 2546 372131 374677 Rate Schedule DSS 657303 789 6743596 6744385 10969755 13164 6747605 6760769 15527194 18633 6742103 6760736 Rate Schedule IBS 273329 273329 279489 279489 260424 260424 Rate Schedule LPS 5351516 5351516 1632487 1632487 2465763 2465763 POA Agreements 10538 10538 4655 4655 7208 7208 Fuel Recovery 13227253 13227253 12806317 12806317 9156806 9156806 Accruals -3974 -3014821 -3018795 -5127 2405924 2400797 -3076 995595 992519 Commission Approved Capacity Lease Revenue 303006 303006 303006 303006 303006 303006 1 2 3 4 5 6 7 8 9 10 11 DSS 63847596 61674944 NSS 73388845 69143317 73388845 69143317 166660262 128334561 Fuel Recovery 9672919 3749182 9672919 3749182 Unallocated / Accruals 571707 96747 571707 96747 Total 83633471 72989246 83633471 72989246 230507858 190009505 1 2 3 4 5 Natural Gas Pipeline Company of America LLC 2095329126 564212673 230507858 56793562 2023015 1245001 20793412 4777870 11649000 6624000 19277445 5187437 10700696 2806272 POA Cashouts 225548 92060 Transportation Cashouts 276018 145199 System Gas - Imbalances 4281539 1048962 OBA Cashouts 9561 System Gas - Net LPS 2595207 2874890 2397668425 645807926 11649000 6624000 2095329126 564212673 230507858 56793562 608779 153547 20793412 4777870 12705455 3179988 11976942 3869422 OBA Cashouts 329304 Net LPS 2595207 2874890 Other Uses of Fuel Gas 1504502 97714 POA Cashouts 26157 Line Pack -1114394 -1221512 System Gas Line Pack 1114394 1221512 Fuel Use from Construction Projects 248806 248806 System Gas - Transport Cashouts 76267 4534 System Gas - Imbalances 5695775 2140416 2394046590 644977422 3621835 830504 2397668425 645807926 16 17 18 19 20 35 36 37 38 39 40 41 42 43 Federal Income Tax Federal Tax Federal 68876338 68876338 69192202 -315864 Subtotal Federal Tax 68876338 68876338 69192202 -315864 State Income Tax - Arkansas State Tax Arkansas 1735004 1735004 1740925 -5921 0.0050 State Income Tax - Illinois State Tax Illinois 6072691 6072691 6093415 -20724 0.0174 State Income Tax - Iowa State Tax Iowa 2800798 2800798 2810356 -9558 0.0080 State Income Tax - Kansas State Tax Kansas 987800 987800 991171 -3371 0.0028 State Income Tax - Louisiana State Tax Louisiana 436275 436275 437764 -1489 0.0013 State Income Tax - Missouri State Tax Missouri 340525 340525 341687 -1162 0.0010 State Income Tax - Nebraska State Tax Nebraska 691495 691495 693855 -2360 0.0020 State Income Tax - New Mexico State Tax New Mexico 176877 176877 177481 -604 0.0005 State Income Tax - Oklahoma State Tax Oklahoma 1158759 1158759 1162713 -3954 0.0033 Texas Margin Tax State Tax Texas 2021 369996 369996 369996 Subtotal State Tax 14770220 14770220 14819363 -49143 Ad Valorem Tax - Arkansas Ad Valorem Tax Arkansas 2020 1075000 -28658 1046342 -28658 Ad Valorem Tax - Arkansas Ad Valorem Tax Arkansas 2021 1240000 1240000 1240000 Ad Valorem Tax - Illinois Ad Valorem Tax Illinois 2020 1440500 -56806 1383694 -56806 Ad Valorem Tax - Illinois Ad Valorem Tax Illinois 2021 1406000 1406000 1406000 Ad Valorem Tax - Indiana Ad Valorem Tax Indiana 2020 7000 -624 6376 -624 Ad Valorem Tax - Indiana Ad Valorem Tax Indiana 2021 6000 6000 6000 Ad Valorem Tax - Iowa Ad Valorem Tax Iowa 2020 11294818 -654000 6532492 4108326 -654000 Ad Valorem Tax - Iowa Ad Valorem Tax Iowa 2021 7038665 7038665 7038665 Ad Valorem Tax - Kansas Ad Valorem Tax Kansas 2020 2277711 2277711 Ad Valorem Tax - Kansas Ad Valorem Tax Kansas 2021 5783157 2891676 2891481 5783157 Ad Valorem Tax - Louisiana Ad Valorem Tax Louisiana 2020 50000 -46489 3511 -46489 Ad Valorem Tax - Louisiana Ad Valorem Tax Louisiana 2021 2760544 2660544 100000 2760544 Ad Valorem Tax - Missouri Ad Valorem Tax Missouri 2021 651370 651370 651370 Ad Valorem Tax - Nebraska Ad Valorem Tax Nebraska 2020 362000 -29651 332349 -29651 Ad Valorem Tax - Nebraska Ad Valorem Tax Nebraska 2021 422000 422000 422000 Ad Valorem Tax - New Mexico Ad Valorem Tax New Mexico 2020 77000 -5987 71013 -5987 Ad Valorem Tax - New Mexico Ad Valorem Tax New Mexico 2021 159910 79261 80649 159910 Ad Valorem Tax - Oklahoma Ad Valorem Tax Oklahoma 2020 1441177 1441177 Ad Valorem Tax - Oklahoma Ad Valorem Tax Oklahoma 2021 3358535 1679529 1679006 3358535 Ad Valorem Tax - Texas Ad Valorem Tax Texas 2020 6487868 5236646 1251222 Ad Valorem Tax - Texas Ad Valorem Tax Texas 2021 7260021 1028633 6231388 7260021 Ad Valorem Tax - Wisconsin Ad Valorem Tax Wisconsin 2021 2221 2221 2221 Ad Valorem Tax - Wyoming Ad Valorem Tax Wyoming 2021 333 333 333 Subtotal Ad Valorem Tax 24513074 29266541 27324878 26454737 29266541 Use Tax - Arkansas Sales And Use Tax Arkansas 2021 69421 71782 -2361 69421 Use Tax - Colorado Sales And Use Tax Colorado 2021 199 185 14 199 Use Tax - Illinois Sales And Use Tax Illinois 2021 100000 194109 302025 -7916 862 193247 Use Tax - Iowa Sales And Use Tax Iowa 2021 185126 201772 -16646 17 185109 Use Tax - Kansas Sales And Use Tax Kansas 2021 140287 154148 -13861 140287 Use Tax - Louisiana Sales And Use Tax Louisiana 2021 2379 128041 121449 8971 116825 11216 Use Tax - Missouri Sales And Use Tax Missouri 2021 2608 9329 11950 -13 9329 Use Tax - Nebraska Sales And Use Tax Nebraska 2021 21692 22186 -494 21692 Use Tax - New Mexico Sales And Use Tax New Mexico 2021 6503 7859 -1356 6503 Use Tax - Oklahoma Sales And Use Tax Oklahoma 2021 65572 69031 -3459 65572 Use Tax - Texas Sales And Use Tax Texas 2021 25 459559 496720 -37136 1509 458050 Subtotal Sales and Use Tax 105012 1279838 1459107 -74257 119213 1160625 Payroll - FICA Tax Payroll Tax Federal 2021 5178617 5178617 5178617 Payroll - Unemployment Tax Payroll Tax Federal 2021 115701 115701 115701 Subtotal Payroll Tax 5294318 5294318 5294318 Miscellaneous Tax, Licenses and Fees Miscellaneous Other Tax Various 2021 16144 16144 16144 Subtotal Miscellaneous Other Tax 16144 16144 16144 119503399 117741005 118707781 -365007 1160625 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 50 51 52 53 54 383113 1674420 453335 2510868 2018239 8820845 2388169 13227253 805 489.2 51419 143431 40186 235036 270875 755594 211700 1238169 805 489.4 434532 1817851 493521 2745904 2289114 9576439 2599869 14465422 129910 567778 153721 851409 684366 2991055 809802 4485223 854 810 43055 120099 33649 196803 226814 632681 177263 1036758 819 810 172965 687877 187370 1048212 911180 3623736 987065 5521981 11608 50733 13735 76076 61151 267261 72356 400768 856/863 812 617 1720 482 2819 3250 9061 2539 14850 817/821 812 12225 52453 14217 78895 64401 276322 74895 415618 71343 311809 84420 467572 375835 1642609 444725 2463169 813 812 71343 311809 84420 467572 375835 1642609 444725 2463169 170252 744100 201459 1115811 896887 3919920 1061286 5878093 7747 21612 6055 35414 40811 113852 31898 186561 177999 765712 207514 1151225 937698 4033772 1093184 6064654 177999 765712 207514 1151225 937698 4033772 1093184 6064654 164.1 808.2 177999 765712 207514 1151225 937698 4033772 1093184 6064654 Gas due from shippers 496028556 24563409 520591965 See Page 102, "Control Over Respondent" for a description of our ownership structure. Allowance for other funds used during construction $ 1,778,549 Allowance for borrowed funds used during construction 2,918,650 Total $ 4,697,199 Allowance for other funds used during construction $ 937,693 Allowance for borrowed funds used during construction 675,326 Total $ 1,613,019 Equity in earnings of subsidiary companies $ 2,418,910 Cash distributions of earnings from Horizon Pipeline Company, L.L.C. (2,250,000) Total $ 168,910 Equity in earnings of subsidiary companies $ 3,304,553 Cash distributions of earnings from Horizon Pipeline Company, L.L.C. (3,100,000) Total $ 204,553 As of December 31, 2020, we estimate that no deferred tax balance in Account 283 could be used in the development of jurisdictional recourse rates. Forward purchases and sales of natural gas. See page 122.1, Notes to Financial Statements, Note 2 "Summary of Significant Accounting Policies" for additional information. NGPL PipeCo LLC (NGPL PipeCo) owns NGPL Finance LLC, which owns 35% of Natural Gas Pipeline Company of America LLC (Natural). The remaining 65% of Natural is directly owned by NGPL PipeCo. NGPL PipeCo is wholly owned by Midco LLC, a wholly-owned subsidiary of NGPL Intermediate Holdings, a wholly-owned subsidiary of NGPL Holdings LLC. Kinder Morgan NGPL Holdings LLC is owned by Kinder Morgan, Inc. On March 8, 2021, Kinder Morgan, Inc. and Brookfield Infrastructure Partners L.P. sold a combined 25% interest in NGPL Holdings to a fund controlled by ArcLight Capital Partners, LLC. Account 131 - Cash $ 4,750,197 Account 134 - Other special deposits 220,000 Account 136 - Temporary cash investments 409,987 Total $ 5,380,184 Account 131 - Cash $ 3,562,563 Account 134 - Other special deposits 824,422 Account 136 - Temporary cash investments 12,401,938 Total $ 16,788,923 Account 131 - Cash $ 490,660 Account 136 - Temporary cash investments 3,626 Total $ 494,286 The capital structure used as the source of the 2021 AFUDC rates is that of our direct parent, NGPL PipeCo LLC. The cost of debt used as the source of the 2021 AFUDC rates is that of our direct parent, NGPL PipeCo LLC. Page 204, Line 129, Column (d) $ 18,834,851 Less: Intangible Plant Retirements 2,326,818 $ 16,508,033 Transmission Accumulated Provision for Depreciation Accumulated Depreciation $ 2,349,765,705 Negative Salvage 26,382,566 Retirement Work in Progress (8,329,058) $ 2,367,819,213 Production and Gathering: Rate Gathering (Fully Depreciated) 2.65% Onshore Plant: Rate Transmission 2.10%* Right of Way - 10 Years 10.00% Right of Way - 30 Years 3.33% *Includes 0.30% for Negative Salvage Transmission Plant (in thousands) Page 204, Line 92, Column (g) $3,856,965 Less: Moraine (Fully Depreciated) 10,365 Less: Land 3,377 $3,843,223 General Plant (in thousands) Page 204, Line 124, Column (g) $43,908 Less: Land 686 $43,222 General Plant: Rate Structures 5.00% Office Machines/Equipment 7.50% Office Furniture 7.50% Computer Equipment 7.50% Automobiles 10.00% Tools and Shop Equipment 10.00% Lab Equipment 5.00% Power Operated Equipment 10.00% Communication Equipment 7.50% Miscellaneous Equipment 5.00% Intangible Plant (in thousands) Page 204, Line 5, Column (g) $16,009 Less: Organizational Costs (Fully Depreciated) 13 $15,996 Intangible Plant: Rate Miscellaneous Intangibles 7.50% Software 7.50% Herscher Galesville Intangible 5.00% Account Amount 131 $ 118,679 146 2,700 863 1,794,072 $ 1,915,451 Account Amount 146 $665 931 629 $1,294 In accordance with Section 12.8 of the General Terms and Conditions of our FERC Gas Tariff, all amounts we collected for penalties, commencing on December 1, 2003, the initial effective date of our Order 637 Compliance Plan, shall be determined for each semi-annual period ending on June 30 and December 31 and distributed through a credit to current billings whenever feasible, within ninety days after each June 30 and December 31. We shall distribute interest on the net penalty revenues, calculated in accordance with 18 CFR Section 154.501. Account Amount 142 $3,234,085 146 3,782 $3,237,867 Fuel recovery volumes (shipper supplied gas for transmission): Dth October 2,510,868 November 2,580,358 December 2,508,714 Total Quarter 7,599,940 Fuel recovery volumes (shipper supplied gas for storage): Dth October 235,036 November 79,892 December 78,841 Total Quarter 393,769 Plus line 11a 7,599,940 Total transmission and storage fuel recovery volumes for the quarter (ties to page 520, lines 13 and 14): 7,993,709 Year-to-date shipper supplied gas (Fuel Used) from storage contracts: 2,385,429 Dth. Industry Research: FIS Capital Markets US LLC Amounts charged by Kinder Morgan, Inc., through shared services are allocated using the modified Massachusetts Formula. Amounts charged are based on Kinder Morgan, Inc.'s other compensation and benefit expenses and are allocated to us based on the distribution of direct labor charges (excluding overtime and special pay). Account Amount 107 $ 417,181 108 70,191 186 40,174 242 241 926 12,023,452 Total $ 12,551,239 Account Amount 107 $ 12,925,991 186 4,150,628 Total $ 17,076,619 Account Amount 408.1 $ 2,400 920 34,312 921 624 923 3,263 926 10,147 930.2 1,808 931 3,440 Total $ 55,994 Recorded pursuant to Docket No. AI93-5-000 issued on April 23, 1993 (Accounting for Income Taxes). We estimate approximately $31.7 million of the ending balance is associated with the projects granted non-traditional rate treatment that are reported on page 217. Storage Withdrawal from Working Gas (Top Gas). This footnote also applies to line 12, column (d). Storage Injection into Working Gas (Top Gas). This footnote also applies to line 27, column (d). Volumes are on a flow month basis. Exclude electric storage compression booked to Account No. 819 of $5,510,558. Account Amount 819 $ 15,711,835 854 59,475,811 $ 75,187,646 See Page 332 for additional details on Transmission and Compression of Gas by Others. In the order approving the Chicago Market Expansion Project (CMEP) in Docket No. CP15-505-000, the FERC approved our proposal to reflect our system reservation charge as the monthly reservation charge for the CMEP, but required us to calculate an incremental commodity charge for the CMEP instead of allowing us to use our system commodity charge as requested. We consider the CMEP to be a partially incremental project as a result. Many of the cost categories required to be reported on this page are recorded at the entity level, rather than at the asset level and, therefore, the costs and expenses reported have been allocated to the projects listed based on reasonable assumptions and may differ from those used in a Section 4 rate proceeding. The cost rate percentage of common equity used as the source of the 2021 AFUDC rates was the rate used to calculate our overall return in our most recent rate case. In accordance with FERC Order No. 581, we use the inventory method to report storage gas. As of December 31, 2020, we estimate that the following deferred tax balance in Account 282 could be used in the development of jurisdictional recourse rates: Property, Plant and Equipment $ 340,409,967 As of December 31, 2021, we estimate that no deferred tax balance in Account 283 could be used in the development of jurisdictional recourse rates. As of December 31, 2021, we estimate that the following deferred tax balance in Account 190 could be used in the development of jurisdictional recourse rates: Regulatory Liability - Deferred Income Tax Rate Adjustment $ 40,081,629 As of December 31, 2020, we estimate that the following deferred tax balance in Account 190 could be used in the development of jurisdictional recourse rates: Regulatory Liability - Deferred Income Tax Rate Adjustment $ 44,183,890 Use tax is distributed to various accounts based on the accounts charged for the originating invoice. Includes fixed fee adjustment of ($2,395,294) under Amended and Restated Operations and Reimbursement Agreement dated December 10, 2015. Delivery point - 39755 Horizon/NGPL North McHenry Receipt point - 39855 Horizon/NGPL South Grundy Volumes represent January 21 - December 21 Flow. Storage Plant (in thousands) Page 204, Line 57, Column (g) $ 998,648 Less: Land 325 $ 998,323 See page 218, "General Description of Construction Overhead Procedure" for the basis of allocation. Account Amount 107 $ 3,327,904 108 599,209 186 319,017 242 1,320 408.1 4,582,028 814 1,691,639 816 1,053,622 817 745,423 818 2,105,000 820 38,539 821 782,765 830 33,148 832 994,964 833 557,890 834 1,997,699 835 38,190 836 641,865 850 10,379,538 853 8,045,305 856 10,289,397 857 2,876,462 861 967,427 863 5,597,797 864 5,700,345 865 1,353,294 866 2,761 867 10,619 920 11,923,440 Total $ 76,656,607 Amount consists of customer owned and proprietary gas. All volumes converted to Btu using 1.03 btu/cf (1.03 Dth/Mcf). Includes observation wells, water disposal wells and water pump wells. Total Deliveries 30 2,394,046,590 Field sales included in total sales volume 18 (11,649,000) Volumes delivered into storage for customers 22 (230,507,858) Volumes delivered under other imbalance agreement 25 (608,779) Volumes delivered to others for transportation 26 (20,793,412) Injections of storage for respondent 27 (12,705,455) Volumes consumed in operations of pipeline 28 (11,976,942) Other volumes (Line Pack, Project gas, System Gas) 29-29.9 (10,476,018) Total deliveries of gas ties to Line 20 2,095,329,126 Remove double counted pooling volumes (187,838,041) Total delivered gas for ACA calculation 1,907,491,085 Line 14 dekatherms do not include electric compressor stations. This footnote applies to all periods within the quarter. The value of this gas is based on the Average Monthly Index Price (AMIP) provided for in our tariff. This footnote applies to all periods within the quarter. As of December 31, 2021, we estimate that the following deferred tax balance in Account 282 could be used in the development of jurisdictional recourse rates: Property, Plant and Equipment $ 347,177,900 Shipper nominations and resulting system flow patterns did not require operation of station in period. Plant cost in column (e) reflects gross value of compressor station. Station operated in bypass to exercise equipment. On March 1, 2020, pursuant to Docket No. CP19-99-000, two new units, each rated at 23,470 hp were placed into service. Nine units, seven units rated at 2,800 hp per unit, one rated at 4,000 hp and one rated at 7,250 hp were retired. Shipper nominations and resulting system flow patterns did not require operation of station in period. Plant cost in column (e) reflects gross value of compressor station. Station operated in bypass to exercise equipment. This footnote applies to all transmission compressor stations not reporting operational data in columns k-m: Shipper nominations and resulting system flow patterns did not require operation of station in period. Plant cost in column (e) reflects gross value of compressor station. All horsepower is FERC Certificated. Site horsepower could be different rated based on elevation and temperature. This footnote applies to lines 4 and 14, column (c). NGPL Holdings LLC is owned 37.5% by Kinder Morgan NGPL Holdings LLC, 37.5% by Prime US Investments Pty Ltd. and 25% by AL NGPL Holdings, LLC. AL NGPL Holdings, LLC is indirectly owned by funds managed by ArcLight Capital Partners, LLC. Prime US Investments Pty Ltd. is indirectly owned by Brookfield Infrastructure Partners L.P. Prime US Investments Pty Ltd. is an Australian entity. Due to FERC taxonomy limitations, we are unable to show this information correctly on the face of the page. Brookfield Infrastructure Partners L.P. is incorporated in Bermuda. Due to FERC taxonomy limitations, we are unable to show this information correctly on the face of the page. Horizon Pipeline Company, L.L.C. is jointly owned, 50% by Natural Gas Pipeline Company of America LLC and 50% by Nicor-Horizon, Inc., a subsidiary of The Southern Company. Shipper nominations and resulting system flow patterns did not require operation of field compressor stations in period. Year-to-date shipper supplied gas (Fuel Used & L&U) from Transmission Contracts: 27,592,712 Dth . Account Amount 408.1 $ 714,690 920 9,473,663 922 (601,387) 923 1,441,701 924 1,663,276 925 1,579,248 926 1,799,459 930.2 2,343,860 931 1,599,192 Total $ 20,013,702 All of the debt required to finance our pipeline was issued by our parent company, NGPL PipeCo LLC (NGPL PipeCo). NGPL PipeCo's interest expense, as calculated in accordance with U.S. Generally Accepted Accounting Principles and as reported on its audited consolidated financial statements for the years ended December 31, 2021 and 2020 was $100.2 million and $102.1 million, respectively. These revenues are associated with the LPS agreements. The net monthly LPS receipts/(deliveries) volume activity for the quarter is as follows: Dth Net LPS Receipts/(Deliveries) Balance - Beginning of Quarter: (3,579,568) Month 1 net activity 11,122,286 Month 2 net activity (198,525) Month 3 net activity (13,798,651) Net Quarterly Activity (2,874,890) Net LPS Receipts/(Deliveries) - Balance End of Quarter: (6,454,458) All revenue for DSS is reported as transportation revenue on page 304. Total Throughput volumes reported on Page 520 Row 5 & 20 columns c & d 564,212,673 Less: Double counted pools (43,620,708) Total equals page 521, Line 68, column b 520,591,965 For the year ended December 31, 2021, NGPL did not sell gas from company owned cushion gas. From time to time we have completed storage expansion projects which, with FERC's approval, reduces the amount of cushion gas required to be maintained for operation of certain of our storage facilities. During the year ended December 31, 2021, we did not withdraw or sell any of the company owned cushion gas for expansion projects. Natural has working gas and customer parked LPS gas totaling 8.8 million Dekatherms that serves a cushion function. Cushion gas consists of 205,584,203 Dekatherms of recoverable cushion volumes owned in fee by Natural and 118,028,197 Dekatherms of non-recoverable volumes owned by Natural reported in Account 101.Natural has working gas and customer parked LPS gas totaling 8.8 million Dekatherms that serves a cushion function. Many of the natural gas volumes required to be reported on this page are tracked at the entity level rather than by discounted, negotiated, or recourse rate contracts; therefore, the amounts reported have been allocated to discounted, negotiated, or recourse rate contracts based on reasonable assumptions.