C000039 2022-01-01 2022-12-31 C000039 2022-12-31 C000039 2021-01-01 2021-12-31 C000039 2021-12-31 C000039 2020-12-31 C000039 2022-10-01 2022-10-31 C000039 2022-11-01 2022-11-30 C000039 2022-12-01 2022-12-31 C000039 ferc:GasUtilityMember 2022-12-31 C000039 ScheduleCorporationsControlledByRespondentAbstract 2022-01-01 2022-12-31 C000039 ScheduleGasPropertyAndCapacityLeasedFromOthersAbstract 2022-01-01 2022-12-31 C000039 ScheduleGasPropertyAndCapacityLeasedToOthersAbstract 2022-01-01 2022-12-31 C000039 ScheduleGasPlantHeldForFutureUseAbstract 2022-01-01 2022-12-31 C000039 ScheduleInvestmentsInSubsidiaryCompaniesAbstract 2022-01-01 2022-12-31 C000039 SchedulePrepaymentsAbstract 2022-01-01 2022-12-31 C000039 ScheduleExtraordinaryPropertyLossesAbstract 2022-01-01 2022-12-31 C000039 ScheduleUnrecoveredPlantAndRegulatoryStudyCostsAbstract 2022-01-01 2022-12-31 C000039 ScheduleCapitalStockAbstract 2022-01-01 2022-12-31 C000039 ScheduleCapitalStockSubscribedLiabilityForConversionPremiumOnAndInstallmentsReceivedOnAbstract 2022-01-01 2022-12-31 C000039 ScheduleDiscountOnCapitalStockAbstract 2022-01-01 2022-12-31 C000039 ScheduleCapitalStockExpenseAbstract 2022-01-01 2022-12-31 C000039 ScheduleSecuritiesIssuedOrAssumedAndSecuritiesRefundedOrRetiredDuringTheYearAbstract 2022-01-01 2022-12-31 C000039 ScheduleLongTermDebtAbstract 2022-01-01 2022-12-31 C000039 ScheduleUnamortizedDebtExpensePremiumAndDiscountOnLongTermDebtAbstract 2022-01-01 2022-12-31 C000039 ScheduleUnamortizedLossAndGainOnReacquiredDebtAbstract 2022-01-01 2022-12-31 C000039 ScheduleRevenuesFromTransporationOfGasOfOthersThroughGatheringFacilitiesAbstract 2022-01-01 2022-12-31 C000039 ScheduleRevenuesFromTransportationOfGasOfOthersThroughTransmissionFacilitiesAbstract 2022-01-01 2022-12-31 C000039 ScheduleTransmissionAndCompressionOfGasByOthersAbstract 2022-01-01 2022-12-31 C000039 ScheduleCompressorStationsAbstract 2022-01-01 2022-12-31 C000039 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C000039 7 2022-01-01 2022-12-31 C000039 1 2022-01-01 2022-12-31 C000039 1 2022-01-01 2022-12-31 C000039 1 2022-12-31 C000039 2 2022-01-01 2022-12-31 C000039 2 2022-12-31 C000039 2 2021-12-31 C000039 ferc:JanuaryMember 2022-01-01 2022-12-31 C000039 ferc:FebruaryMember 2022-01-01 2022-12-31 C000039 ferc:MarchMember 2022-01-01 2022-12-31 C000039 ferc:AprilMember 2022-01-01 2022-12-31 C000039 ferc:MayMember 2022-01-01 2022-12-31 C000039 ferc:JuneMember 2022-01-01 2022-12-31 C000039 ferc:JulyMember 2022-01-01 2022-12-31 C000039 ferc:AugustMember 2022-01-01 2022-12-31 C000039 ferc:SeptemberMember 2022-01-01 2022-12-31 C000039 ferc:OctoberMember 2022-01-01 2022-12-31 C000039 ferc:NovemberMember 2022-01-01 2022-12-31 C000039 ferc:DecemberMember 2022-01-01 2022-12-31 C000039 Southern LNG Company, L.L.C. 2022-01-01 2022-12-31 C000039 Southern LNG Company, L.L.C. 2022-10-01 2022-12-31 C000039 30 Southern LNG Company, L.L.C. 2022-01-01 2022-12-31 C000039 30 Southern LNG Company, L.L.C. 2022-10-01 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2022-12-31 C000039 74 2022-01-01 2022-12-31 C000039 75 2022-01-01 2022-12-31 C000039 76 2022-01-01 2022-12-31 C000039 2 2022-01-01 2022-12-31 C000039 3 2022-01-01 2022-12-31 C000039 4 2022-01-01 2022-12-31 C000039 5 2022-01-01 2022-12-31 C000039 8 2022-01-01 2022-12-31 C000039 8 2022-01-01 2022-12-31 C000039 7 2022-01-01 2022-12-31 C000039 5 2022-01-01 2022-12-31 C000039 4 2022-01-01 2022-12-31 C000039 2 2022-01-01 2022-12-31 C000039 1 2022-01-01 2022-12-31 C000039 1 2022-12-31 C000039 1 2021-12-31 C000039 2 2022-01-01 2022-12-31 C000039 4 2022-01-01 2022-12-31 C000039 5 2022-01-01 2022-12-31 C000039 7 2022-01-01 2022-12-31 C000039 8 2022-01-01 2022-12-31 C000039 10 2022-01-01 2022-12-31 C000039 11 2022-01-01 2022-12-31 C000039 13 2022-01-01 2022-12-31 C000039 14 2022-01-01 2022-12-31 C000039 16 2022-01-01 2022-12-31 C000039 17 2022-01-01 2022-12-31 C000039 18 2022-01-01 2022-12-31 C000039 20 2022-01-01 2022-12-31 C000039 21 2022-01-01 2022-12-31 C000039 23 2022-01-01 2022-12-31 C000039 24 2022-01-01 2022-12-31 C000039 25 2022-01-01 2022-12-31 C000039 26 2022-01-01 2022-12-31 C000039 27 2022-01-01 2022-12-31 C000039 1 2022-01-01 2022-12-31 C000039 1 2022-12-31 C000039 2 2022-01-01 2022-12-31 C000039 2 2022-12-31 C000039 1 2022-01-01 2022-12-31 C000039 9 2022-01-01 2022-12-31 C000039 9 2021-12-31 C000039 11 2022-01-01 2022-12-31 C000039 ferc:GasUtilityMember 11 2022-01-01 2022-12-31 C000039 14 2022-01-01 2022-12-31 C000039 ferc:GasUtilityMember 14 2022-01-01 2022-12-31 xbrli:pure utr:MWh iso4217:USD iso4217:USD utr:dth utr:dth NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA Not Prepared Matthew J. Wojtalewicz Vice President and Controller 1001 Louisiana Street, Suite 1000, Houston, TX 77002 true false Southern LNG Inc. was originally organized as a Delaware corporation on September 28, 1970. Effective February 4, 2010, we converted our legal structure to a Delaware limited liability company and changed our name to Southern LNG Company, L.L.C. Respondent owns a liquefied natural gas terminal, located on Elba Island, near Savannah, Georgia, capable of achieving a peak send-out of 1.8 billion cubic feet (Bcf) per day. Total storage capacity is 11.5 Bcf. In September 2019, respondent began providing ship loading service for the export of liquefied natural gas. false 0 857824560 857824560 29136659 44602402 886961219 902426962 2318233 1434064 2696127 3046145 6410051 186413 11424411 4666622 7397139 7936723 14820627 15498869 101756026 88520324 7198739 7339551 131172531 119295467 1029558161 1026389051 245240472 242658111 245240472 242658111 20441373 18285032 20441373 18285032 11761897 9596786 11761897 9596786 19920777 19888268 19920777 19888268 40185 37880 40185 37880 8157927 7839477 8157927 7839477 8852298 9153851 8852298 9153851 6453632 6776316 6453632 6776316 26773439 26296303 26773439 26296303 7968510 7888934 7968510 7888934 13463526 14591385 13463526 14591385 521107 524651 521107 524651 105607861 101521879 105607861 101521879 139632611 141136232 139632611 141136232 692334 220023 27942 9283 938 721214 229306 5056 8359 397 5056 8756 145587 46121 31492 9977 7137 2371 184216 58469 531942 162081 57715 92329 12007 3989 45708 88340 140118845 141209973 140118845 141209973 141209973 140118845 Amortization of intangible plant 40185 37880 40185 37880 1 Change in gas owed to system -6223637 23097 Change in other deferred credits -539584 -539583 -6763221 -516486 1 2 Change in preliminary survey and investigation charges 701524 Net salvage / (cost of removal) 19574 27486 721098 27486 1 2 Distributions to Member 203785000 201505000 203785000 201505000 1 1138948378 1137402274 474887 456710 1139423265 1137858984 296602048 276729273 842821217 861129711 842821217 861129711 6409824 186187 16510989 17331032 16510989 17331032 22153956 20718868 4169547 3538190 26323503 24257058 29280340 28845863 701524 102562439 89455914 4948325 5183286 137492628 123485063 1029558161 1026389051 44602402 56365815 140118845 141209973 29136659 Transfer from Account 216 155584588 Transfer from Account 236 35093887 Transfer from Account 186 13106525 Distributions to Member -203785000 0 1 2 3 4 857824560 857824560 Miscellaneous Construction Projects Under $1,000,000 474887 203714 474887 203714 1 Income Tax Gross-Up on AFUDC Equity Remaining life of assets Docket No. AI93-5-000 issued on April 23, 1993 (Accounting for Income Taxes). 28734672 301091 407.3 852378 28183385 FERC Annual Charge Adjustment 12 months ending September 30 18 CFR 154.402(a) and 18 CFR 382.202. 47119 149128 928 84401 111846 K-6 Electric Tracker Remaining balance at end of current filing period will be recovered through adjustments to future period rates. Section 24 of the General Terms and Conditions of our tariff. 64072 168147 845.2 45874 186345 K-7 Electric Tracker Remaining balance at end of current filing period will be recovered through adjustments to future period rates. Section 24 of the General Terms and Conditions of our tariff. 1352871 845.2 588333 764538 Ship Loading Electric Tracker Remaining balance at end of current filing period will be recovered through adjustments to future period rates. Section 24 of the General Terms and Conditions of our tariff. 59714 845.2 25488 34226 2030951 1596474 1 2 3 4 5 Advance of Deferred Income Taxes to Member 89455914 13106525 102562439 13106525 1 Storage Imbalance Due to Others 6410051 1 Contractual Tug Accrual 650000 232 1955580 1955580 650000 Revenue Levelization 7286723 489.4 539584 6747139 2495164 1955580 1 2 159403 112066 237937020 237454581 238096423 237566647 156818373 130245747 833333 833333 833333 833333 6310716 4258131 6310716 4258131 159403 112066 245081069 242546045 245240472 242658111 159403 112066 245081069 242546045 LNG-1 1020 996 73404049 73171592 73405069 73172588 680057 905098 LNG-3 158383 111070 164532971 164282989 164691354 164394059 156138316 129340649 Total 159403 112066 237937020 237454581 238096423 237566647 156818373 130245747 1 2 3 Electric Power Cost Adjustment 2213857 Dredging Cost Recovery 6022103 Nitrogen Injection 30336 Tug Services Contra-Revenue -1955580 6310716 12 13 14 15 FTS 7495917 1222009 1272280 216537 7495917 1222009 1272280 216537 1 812 Gas Used for Other Utility Operations - Credit(Report separately for each principal use. Groupminor uses.) Fuel Used for LNG Operations 845.1 28887 180684 Gas Losses for LNG Operations 846.1 460 2545 29347 183229 5 6 7 Federal Energy Regulatory Commission Docket No. RM87-3 Amortization - 2022 149128 149128 149128 182.3 37282 111846 Federal Energy Regulatory Commission Docket No. RM87-3 Amortization - 2021 62825 62825 47119 182.3 47119 211953 211953 47119 149128 84401 111846 1 2 10931473 10931473 9824745 9824745 10957371 10957371 10559294 10559294 10635423 10635423 10120642 10120642 10044021 10044021 10390611 10390611 11190705 11190705 11825162 11825162 11231577 11231577 10087325 10087325 127798349 127798349 7257533 7257533 10725661 10725661 9911068 9911068 12005138 12005138 8095669 8095669 12150743 12150743 10332339 10332339 10435193 10435193 11028803 11028803 8660506 8660506 11931001 11931001 12159785 12159785 124693439 124693439 5 12328122 127798349 127798349 124693439 55005 55005 315179 315179 55005 55005 315179 315179 23357 23357 133836 133836 845.1, 846.1 812 23357 23357 133836 133836 31648 31648 181343 181343 31648 31648 181343 181343 Gas due from shippers -463 -463 -2690 -2690 See Footnote -463 -463 -2690 -2690 192 192 1116 1116 845.1 812 192 192 1116 1116 -655 -655 -3806 -3806 -655 -655 -3806 -3806 Other Disposition 1 Gas due from shippers Southern LNG Company, L.L.C. 158672262 36403819 1222009 1069703 224367 30148 24371 245549 36056 160394335 37533949 156818373 37117160 216537 3083728 356362 Storage Fuel 30148 24371 160148786 37497893 245549 36056 160394335 37533949 30 Deferred Income Tax Rate Adjustment (amortized through March 2056) 12435497 411.1 363611 12071886 Excess Deferred Tax (amortized through March 2056) 570582 411.1 16683 553899 Dredging Tracker 1262462 847.2 6036760 6674778 1900480 Electricity Tracker 1068494 845.2 106217092 105442960 294362 K-7 Electric Tracker 151245 845.2 350685 199440 Ship Loading Electric Tracker 10589 845.2 17982 7393 113002813 112324571 1 2 3 4 5 6 40185 40185 18904540 18904540 1016237 1016237 19920777 40185 19960962 1138948378 1138948378 1138948378 1138948378 1139423265 296602048 842821217 295838180 295838180 763868 763868 296602048 296602048 276005589 276005589 19920777 19920777 19920777 19920777 68612 68612 19574 19574 88186 88186 295838180 295838180 292003364 292003364 3834816 3834816 10 18 14555 14555 385403 385403 2176060 191887 2367947 2576018 191887 2767905 3431430 3431430 290736862 113581 290850443 710342264 914933 68612 711188585 2158091 2158091 32458209 127 32458336 38016329 38016329 57683071 394188 58077259 1134826256 1422829 68612 1136180473 1134826256 1422829 68612 1136180473 1137402274 1614716 68612 1138948378 1137402274 1614716 68612 1138948378 Kinder Morgan, Inc. M DE 1.00 Kinder Morgan GP LLC I DE 0.0242 Kinder Morgan Energy Partners, L.P. D DE 1.00 1 2 3 <div><!--?xml version="1.0" encoding="utf-8" standalone="no"?--> <div class="Section1"> <p style="margin-top: 0pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">1. None</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">2. None</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">3. None</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">4. None</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">5. None</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">6. None</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">7. None</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">8. None</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">9. See Page 122.1, Notes to Financial Statements, Note 2 "Summary of Significant Accounting Policies."</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">10. None</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">11. None</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">12. Changes made during the year ended December 31, 2022:</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Appointments:</font></p> <p style="margin-top: 14pt; margin-left: 36pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Gina Mabry - Vice President</font></p> <p style="margin-top: 14pt; margin-left: 36pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Thomas P. Otjen - Vice President</font></p> <p style="margin-top: 14pt; margin-left: 36pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Vicki A. Phillips - Vice President</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Resignations:</font></p> <p style="margin-top: 14pt; margin-left: 36pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Meli Armstong - Vice President</font></p> <p style="margin-top: 14pt; margin-left: 36pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Gene Nowak - Vice President</font></p> <p style="margin-top: 14pt; margin-left: 36pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Gregory W. Ruben - Vice President </font></p> <p style="margin-top: 14pt; margin-left: 36pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Jorge Torres - Vice President</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">13. N/A</font></p> </div></div> William E. Morgan Vice President, Operational Controller /s/ William E. Morgan 2023-03-30 2 Southern LNG Company, L.L.C. C000039 2022 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 2022-12-31 28501 4751 Shared Service Allocations 692311 725563 6 4739191 4739191 2687019 2687019 7426210 7426210 1164379 1164379 1164379 1164379 5903570 5903570 2687019 2687019 8590589 8590589 8590589 8590589 50174 50174 50174 50174 8640763 8640763 74 75 76 7339551 140812 7198739 7339551 140812 7198739 140812 6034281 115770 5918511 1305270 25042 1280228 186187 7380288 7380288 1469408 1469408 312757 312757 6409824 1050828 1050828 6.0998 6.0998 LNG-1 6185680 6185680 6075412 6075412 680057 1020 6184660 6185680 LNG-3 9919419 12850 13983666 13996516 13027962 17811 13521370 13539181 13489722 18589 13977927 13996516 9919419 12850 20169346 20182196 13027962 17811 19596782 19614593 14169779 19609 20162587 20182196 1 2 Elba Island Facility Expansion CP06-470 Incremental 282638624 63008986 29746545 616155 267693 4974440 1444679 90054625 SLNG Export Ship Loading Expansion CP14-103 Incremental 456835691 26106521 34510801 1469780 190962 8040299 2335056 76303159 739474315 89115507 64257346 2085935 458655 13014739 3779735 166357784 1 2 88520324 13228565 7137 101756026 88520324 13228565 7137 101756026 13228565 7137 72777795 10875986 5868 83659649 15742529 2352579 1269 18096377 1 Account 489.4, Revenues from storing gas of others. 238096423 156818373 238096423 156818373 1 Southside Fire/EMS 867853 Kiewit Engineering Group Inc 650000 Braddy Electric Company Inc 285378 Other (less than $250,000) 1983223 3786454 1 2 3 4 387446 387446 387471 387471 1855136 1855136 387446 387446 387471 387471 1855136 1855136 9919419 12850 20556792 20569642 13027962 17811 19984253 20002064 14169779 19609 22017723 22037332 Revaluation for Storage Encroachment -312757 -312757 1 6223637 -23097 1469408 1624303 7380288 1953447 183229 240800 240800 352241 -183229 -240800 -183229 -240800 912810 877874 6379965 6374186 29603 12314 619 386 701165 640798 516051 530334 180684 234715 4054302 2196597 33475 2545 6085 95395 49059 12906614 10922348 437216 428153 9586235 7856473 1491809 1060583 107335 105108 69349 83215 63389 61775 6564 1479 11761897 9596786 24668511 20519134 24668511 20519134 2687019 2898140 64284 46691 530992 418102 1075385 1130017 513174 415182 1561711 1613663 84401 26310 635043 475459 420336 7717988 7603484 7717988 7603484 32203270 27881818 37497991 Federal Income Tax 2370592 State Deferred Income Tax 19960962 Book Depreciation and Amortization 551287 AFUDC Regulatory Asset 5056 Non-Deductible Lobbying and Contributions 60385888 27942 AFUDC Equity - Book Capitalized Amount 12007 AFUDC Debt - Book Capitalized Interest 539584 Unearned Revenue 128286 Capitalized Overhead Book 707819 71631021 Tax Depreciation and Amortization 19574 Dismantling Costs 71650595 128146319 26910727 21% of Taxable Income 8299 Return to Provision/Other 26919026 Federal Income Tax - Current 5 8 9 10 11 12 15 16 17 18 21 22 26 27 28 29 30 31 5183286 234961 4948325 5183286 234961 4948325 234961 4261488 193175 4068313 921798 41786 880012 Federal Income Tax Federal Tax Federal 2210941 26919026 -27182912 1947055 26773439 145587 Subtotal Federal Tax 2210941 26919026 -27182912 1947055 26773439 145587 State Income Tax - Georgia State Tax Georgia 644542 7830685 -7910975 564252 7799193 31492 0.0575 Texas Margin Tax State Tax Texas 2021 194669 -15503 179166 -15503 Texas Margin Tax State Tax Texas 2022 184820 184820 184820 Subtotal State Tax 839211 8000002 179166 -7910975 749072 7968510 31492 Ad Valorem Tax - Georgia Ad Valorem Tax Georgia 2022 5831318 5831318 5831318 Subtotal Ad Valorem Tax 5831318 5831318 5831318 Use Tax - Georgia Sales And Use Tax Georgia 2022 -4007 55547 51540 55547 Subtotal Sales And Use Tax -4007 55547 51540 55547 Payroll - FICA Tax Payroll Tax Federal 2022 598579 598579 598579 Payroll - Unemployment Tax Payroll Tax Federal 2022 14960 14960 14960 Subtotal Payroll Tax 613539 613539 613539 Miscellaneous Tax, Licenses and Fees Miscellaneous Other Tax Various 2022 8775 8775 8775 Subtotal Miscellaneous Other Tax 8775 8775 8775 41428207 6684338 -35093887 41195581 177079 55547 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Other (less than $250,000) Other (less than $250,000) 5056 Amortization of consent fees Environmental reserve Interest on payable to associated companies (market interest rate) Dredging Tracker Interest (FERC interest rate) 43232 Electric Tracker Interest (FERC interest rate) 13844 K7 Electric Tracker Interest (FERC interest rate) 589 Shiploading Electric Tracker Interest (FERC interest rate) 50 1 2 4 5 7 8 10 11 13 14 16 17 18 20 21 23 24 25 26 27 <div><p><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; color: black;">1. Construction Overhead</font></p> <p><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; color: black;">(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.</font></p> <p><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; color: black;">(b) The overhead capitalized is primarily based on periodic studies to identify indirect capital costs that are not charged directly to construction projects.</font></p> <p><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; color: black;">(c) Costs are accumulated in a blanket overhead project and distributed monthly to individual construction projects.</font></p> <p><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; color: black;">(d) Different overhead rates are applied based on the nature of the construction project.</font></p> <p><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; color: black;">(e) The basis for the differentiation in overhead rates stems from the economies of scale that are achieved with these projects.</font></p> <p><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; color: black;">(f) Overheads are directly assigned to each project.</font></p> <p><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; color: black;">2. Allowance for Funds Used During Construction:</font></p> <p><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; color: black;">Allowance for funds used during construction is calculated below.</font></p> <p><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; color: black;">3. Net-of-Tax rate for borrowed funds</font></p> <p><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; color: black;">Not Applicable</font><u></u></p></div> 902426962 Southern LNG Company, LLC 1.0000 0.125 902426962 1.0000 371969 0.125 0.032 0.0738 5885 5885 32662 32662 5885 5885 32662 32662 822 822 4562 4562 845.1, 846.1 812 822 822 4562 4562 5063 5063 28100 28100 5063 5063 28100 28100 Gas due from shippers Directly Charged Salaries and Wages Kinder Morgan, Inc. Various 6925396 Other Compensation and Benefits Kinder Morgan, Inc. Various 1154859 Shared Services Kinder Morgan, Inc. Various 4881635 Construction Overheads Kinder Morgan, Inc. 107 128286 13090176 Lease of Real Property Elba Liquefaction Company, LLC 493 833333 833333 2 3 4 5 8 Distributions of Earnings to Member 211 -155584588 -152973386 1 274247 Health and life insurance 913103 Long-term disability insurance 22262 401K Employer contributions 366551 Other -14452 6 7 8 9 661292 16510989 820043 17331032 661292 820043 661292 16510989 820043 17331032 Investment Advance - Open Account - Kinder Morgan, Inc. 8 7 5 4 2 1 58077 0.0176 Intangible Plant (footnote details) 2383 0.0176 Liquefied Natural Gas Terminal and Processing (footnote details) 1074701 0.0176 9 10 19920777 19888268 12949556 14069105 1435088 129160 631357 4497 41847523 28602225 434477 -672061 -297947 -1936487 39949 13272 205274847 201879610 1628741 2013360 39949 13272 2309890 2027574 820043 2837802 -1185838 -1489847 -375610 -203785000 -201505000 -1000 1000 <div><!--?xml version="1.0" encoding="utf-8" standalone="no"?--> <p> </p> <p> </p> <!-- [if gte mso 9]> <xml> <o:DocumentProperties> <o:Author>Pitassi, Christina</o:Author> <o:LastAuthor>Pitassi, Christina</o:LastAuthor> <o:Revision>4</o:Revision> <o:TotalTime>2</o:TotalTime> <o:Created>2023-03-28T19:46:00Z</o:Created> <o:LastSaved>2023-03-28T19:49:00Z</o:LastSaved> <o:Pages>12</o:Pages> <o:Words>4229</o:Words> <o:Characters>24111</o:Characters> <o:Company>Kinder Morgan</o:Company> <o:Lines>200</o:Lines> <o:Paragraphs>56</o:Paragraphs> <o:CharactersWithSpaces>28284</o:CharactersWithSpaces> <o:Version>16.0000</o:Version> </o:DocumentProperties> </xml> <![endif]--> <div class="Section1"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">1. General</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We are a Delaware limited liability company originally organized as a corporation in 1970. When we refer to "us," "we," "our," "the Company," or "SLNG" we are describing Southern LNG Company, L.L.C. We are an indirect wholly owned subsidiary of Kinder Morgan, Inc. (KMI).</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We own a liquefied natural gas (LNG) terminal on Elba Island, located near Savannah, Georgia. Our terminal has approximately 11.5 billion cubic feet (Bcf) equivalent of LNG storage capacity and approximately 1.8 Bcf per day of peak send-out capacity. In September 2019, we began providing ship loading services for the export of LNG. All of our services and capacity are fully contracted by subsidiaries of Royal Dutch Shell Plc.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2. Summary of Significant Accounting Policies</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Basis of Presentation</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">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 style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">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 style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Management has evaluated subsequent events through March 30, 2023, the date the financial statements were available to be issued.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Use of Estimates</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">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 style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">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 style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Cash Equivalents</font></p> </div> <p><font style="font-family: Arial; font-size: 16pt; text-align: justify;">We define cash equivalents as all highly liquid short-term investments with original maturities of three months or less.</font></p> <div class="Section2"> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Allowance for Credit Losses</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">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 style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Our financial instruments primarily consist of our accounts receivable from customers and note receivable from affiliate. 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 style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We had no allowance for credit losses recorded as of December 31, 2022 and 2021</font><font style="font-family: Arial; font-style: italic;">.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Inventories</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Our inventories, which consist of materials and supplies, are valued at weighted-average cost, and we periodically review for physical deterioration and obsolescence.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Natural Gas Imbalances</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Natural gas imbalances occur when the amount of natural gas delivered or received differs from the scheduled amount of gas to be delivered or received. We value these imbalances due to or from shippers at current index prices. 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 style="margin-top: 14pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Property, Plant and Equipment</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">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> </div> <p><font style="font-family: Arial; font-size: 16pt; text-align: justify;">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> <div class="Section3"> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">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 our most recent FERC approved debt rate. 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 style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Asset Retirement Obligations (ARO)</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">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 style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We are required to operate and maintain our LNG facility, 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 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, 2022 and 2021.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Long-lived Asset Impairments</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">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. These events include changes in the manner in which we intend to use a long-lived asset, decisions to sell an asset and adverse changes in the legal or business environment such as adverse actions by regulators. If an event occurs and if an impairment is indicated, we adjust the carrying value of the asset downward, if necessary and upon regulatory approval, to its estimated recoverable value.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">There were no impairments for the years ended December 31, 2022 and 2021.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Revenue Recognition</font></p> </div> <p><font style="font-family: Arial; font-size: 16pt; text-align: justify;">We are subject to FERC regulations, therefore, fees and rates established under our tariff are a function of our cost of providing services to our customers, including a reasonable return on our invested capital. Our revenues are primarily generated from LNG storage services and terminal operations and include estimates of amounts earned but unbilled. We estimate these unbilled revenues based on contract data, regulatory information, and preliminary throughput and allocation measurements, among other items. Revenues for all services are based on the thermal quantity of gas delivered or subscribed at a price specified in the contract, and as Royal Dutch Shell </font>Plc<font style="font-family: Arial; font-size: 16pt; text-align: justify;"> is our only customer, our service revenues from this customer are considered an operating lease for GAAP purposes. We recognize reservation revenues on firm contracted capacity ratably over the contract period regardless of the amount of natural gas that is stored or withdrawn. For volumetric-based services, we record revenues when physical deliveries of LNG are withdrawn from the storage facility. For contracts with step-up or step-down rate provisions that are not related to changes in levels of service, we recognize reservation revenues ratably over the contract life. The revenues we collect may be subject to refund in a rate proceeding.</font></p> <div class="Section4"> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Future minimum annual receipts under our contracts with our customer as of December 31, 2022 are as follows (in millions):</font></p> <table style="margin-right: auto; margin-left: auto; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 155.95pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">2023</font></p> </td> <td style="width: 16.2pt; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 60.1pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">241.6</font></p> </td> </tr> <tr> <td style="width: 155.95pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">2024</font></p> </td> <td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 60.1pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">242.0</font></p> </td> </tr> <tr> <td style="width: 155.95pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">2025</font></p> </td> <td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 60.1pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">241.6</font></p> </td> </tr> <tr> <td style="width: 155.95pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">2026</font></p> </td> <td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 60.1pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">241.6</font></p> </td> </tr> <tr> <td style="width: 155.95pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">2027</font></p> </td> <td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 60.1pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">218.2</font></p> </td> </tr> <tr> <td style="width: 155.95pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Thereafter</font></p> </td> <td style="width: 16.2pt; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 60.1pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">1,573.8</font></p> </td> </tr> <tr> <td style="width: 155.95pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Total</font></p> </td> <td style="width: 16.2pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 60.1pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">2,758.8</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Contract Balances. </font><font style="font-family: Arial;">Contract assets and contract liabilities are the result of timing differences between revenue recognition, billings and cash collections. As of December 31, 2022 and 2021, we had no contract assets and had contract liabilities of $6.7 million and $7.3 million, respectively, reflected in Account 253 "Other Deferred Credits" on our balance sheets. Of the contract liability balance as of December 31, 2021, approximately $0.6 million was recognized as revenue during the year ended December 31, 2022.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Major Customer. </font><font style="font-family: Arial;">For each of the years ended December 31, 2022 and 2021, substantially all of our revenues were from Royal Dutch Shell Plc. </font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Legal Proceedings</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt; text-align: justify;">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 to 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> </div> <div class="Section5"> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We had no accruals for any outstanding legal proceedings as of December 31, 2022 and 2021.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Environmental Matters</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">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 style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">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 style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">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> </div> <p><font style="font-family: Arial; font-size: 16pt; text-align: justify;">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. We had no accruals for any outstanding environmental matters as of December 31, 2022 and 2021.</font></p> <div class="Section6"> <p style="margin-top: 14pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Regulatory Assets and Liabilities</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">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. Regulatory assets are recorded in Account 182.3 &#8220;Other Regulatory Assets&#8221; and regulatory liabilities are recorded in Account 254 &#8220;Other Regulatory Liabilities&#8221; on our balance sheets.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 13.5pt;"><font style="font-family: Arial; font-weight: bold; font-size: 16pt;">3. Income Taxes</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">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 KMI, 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 style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">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 account for tax credits under the flow-through method, which reduces the provision for income taxes in the year the tax credits first become available. 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. Income taxes charged to us are reflected in the accompanying comparative balance sheet in Account 236 "Taxes Accrued" and Accounts 190, 282, and 283 "Accumulated Deferred Income Taxes." A portion of the activity in Account 211 "Miscellaneous Paid-In Capital" reflects the income taxes assigned or advanced to our Member. Current income taxes assigned to our Member are transferred into Account 211 from Account 236. Deferred income taxes advanced to our Member are transferred into Account 211 with an offsetting adjustment to Account 186 "Miscellaneous Deferred Debits." For more information, see Note 5.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">The following table reflects the components of income tax expense included in net income (in millions):</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"> </p> </div> <div class="Section7"> <table style="margin-right: auto; margin-left: auto; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 511.05pt; border-right: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 13.5pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 335.9pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Year Ended December 31,</font></p> </td> </tr> <tr> <td style="width: 511.05pt; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-bottom: 0.75pt outset; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 173.85pt; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p> </td> <td style="width: 151.25pt; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2021</font></p> </td> </tr> <tr> <td style="width: 511.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Current:</font></p> </td> <td style="width: 173.85pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 151.25pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> </tr> <tr> <td style="width: 511.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Federal</font></p> </td> <td style="width: 20.45pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 142.6pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">26.9</font></p> </td> <td style="width: 73.75pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 66.7pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">26.3</font></p> </td> </tr> <tr> <td style="width: 511.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">State</font></p> </td> <td style="width: 173.85pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">8.0</font></p> </td> <td style="width: 151.25pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">7.9</font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 511.05pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.9pt; padding-left: 5.03pt; vertical-align: top; -aw-border-bottom: 0.75pt outset; -aw-border-left: 0.75pt outset; -aw-border-top: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 173.85pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: top;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">34.9</font></p> </td> <td style="width: 151.25pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: top;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">34.2</font></p> </td> </tr> <tr style="height: 2.15pt;"> <td style="width: 511.05pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: top; -aw-border-bottom: 0.75pt outset; -aw-border-left: 0.75pt outset; -aw-border-top: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 173.85pt; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 151.25pt; border-top: 1pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 511.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Deferred:</font></p> </td> <td style="width: 173.85pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 151.25pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> </tr> <tr> <td style="width: 511.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Federal</font></p> </td> <td style="width: 173.85pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">10.6</font></p> </td> <td style="width: 151.25pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">11.5</font></p> </td> </tr> <tr> <td style="width: 511.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">State</font></p> </td> <td style="width: 173.85pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">2.4</font></p> </td> <td style="width: 151.25pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">2.6</font></p> </td> </tr> <tr> <td style="width: 511.05pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.9pt; padding-left: 5.03pt; vertical-align: top; -aw-border-bottom: 0.75pt outset; -aw-border-left: 0.75pt outset; -aw-border-top: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 173.85pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: top;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">13.0</font></p> </td> <td style="width: 151.25pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: top;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">14.1</font></p> </td> </tr> <tr> <td style="width: 511.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Total income tax expense</font></p> </td> <td style="width: 20.45pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 142.6pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">47.9</font></p> </td> <td style="width: 73.75pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 66.7pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">48.3</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: 16pt;"><font style="font-family: Arial; font-size: 16pt;">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 style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: 16pt;"><font style="font-family: Arial; font-size: 16pt; -aw-import: ignore;"> <br/></font></p> <table style="margin-right: auto; margin-left: auto; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 511.05pt; border-right: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 13.5pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 335.7pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Year Ended December 31,</font></p> </td> </tr> <tr> <td style="width: 511.05pt; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-bottom: 0.75pt outset; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 173.7pt; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p> </td> <td style="width: 151.2pt; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2021</font></p> </td> </tr> <tr> <td style="width: 511.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Income tax expense at the statutory federal rate</font></p> </td> <td style="width: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 151.2pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">39.5</font></p> </td> <td style="width: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 128.7pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">39.8</font></p> </td> </tr> <tr> <td style="width: 511.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">State income tax, net of federal income tax effect</font></p> </td> <td style="width: 173.7pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">8.7</font></p> </td> <td style="width: 151.2pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">8.8</font></p> </td> </tr> <tr> <td style="width: 511.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Regulatory liability amortization</font></p> </td> <td style="width: 173.7pt; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-bottom: 4.5pt outset; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(0.3)</font></p> </td> <td style="width: 151.2pt; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-bottom: 4.5pt outset; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(0.3)</font></p> </td> </tr> <tr> <td style="width: 511.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Total income tax expense</font></p> </td> <td style="width: 11.7pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; -aw-border-bottom: 4.5pt outset; -aw-border-top: 4.5pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 151.2pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-bottom: 4.5pt outset; -aw-border-right: 0.75pt outset; -aw-border-top: 4.5pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">47.9</font></p> </td> <td style="width: 11.7pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; -aw-border-bottom: 4.5pt outset; -aw-border-top: 4.5pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 128.7pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-bottom: 4.5pt outset; -aw-border-right: 0.75pt outset; -aw-border-top: 4.5pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">48.3</font></p> </td> </tr> <tr> <td style="width: 511.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Effective tax rate</font></p> </td> <td style="width: 173.7pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset; -aw-border-top: 4.5pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">25.5%</font></p> </td> <td style="width: 151.2pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset; -aw-border-top: 4.5pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">25.5%</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 0pt; line-height: 16pt;"><font style="font-family: Arial; font-size: 16pt;">The following are the components of our net deferred tax liability (in millions):</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; line-height: 13.8pt;"> </p> </div> <div class="Section8"> <table style="margin-right: auto; margin-left: auto; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 511.05pt; border-right: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 13.5pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 335.7pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">December 31,</font></p> </td> </tr> <tr> <td style="width: 511.05pt; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-bottom: 0.75pt outset; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 173.7pt; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p> </td> <td style="width: 151.2pt; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2021</font></p> </td> </tr> <tr> <td style="width: 511.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Deferred tax liabilities:</font></p> </td> <td style="width: 173.7pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 151.2pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> </tr> <tr> <td style="width: 511.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Property, plant and equipment</font></p> </td> <td style="width: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 151.2pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">101.8</font></p> </td> <td style="width: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 128.7pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">88.5</font></p> </td> </tr> <tr> <td style="width: 511.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Regulatory assets</font></p> </td> <td style="width: 173.7pt; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">7.1</font></p> </td> <td style="width: 151.2pt; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">7.4</font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 511.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Total deferred tax liabilities</font></p> </td> <td style="width: 173.7pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">108.9</font></p> </td> <td style="width: 151.2pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">95.9</font></p> </td> </tr> <tr style="height: 2.15pt;"> <td style="width: 511.05pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: top; -aw-border-bottom: 0.75pt outset; -aw-border-left: 0.75pt outset; -aw-border-top: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 173.7pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 151.2pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 511.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Deferred tax assets:</font></p> </td> <td style="width: 173.7pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 151.2pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 511.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Regulatory and other liabilities</font></p> </td> <td style="width: 173.7pt; border-right: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">4.9</font></p> </td> <td style="width: 151.2pt; border-right: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">5.2</font></p> </td> </tr> <tr style="height: 2.15pt;"> <td style="width: 511.05pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: top; -aw-border-bottom: 0.75pt outset; -aw-border-left: 0.75pt outset; -aw-border-top: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 173.7pt; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; -aw-border-bottom: 4.5pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 151.2pt; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-bottom: 4.5pt outset; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 511.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Net deferred tax liability</font></p> </td> <td style="width: 11.7pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; -aw-border-bottom: 4.5pt outset; -aw-border-top: 4.5pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 151.2pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-bottom: 4.5pt outset; -aw-border-right: 0.75pt outset; -aw-border-top: 4.5pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">104.0</font></p> </td> <td style="width: 11.7pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; -aw-border-bottom: 4.5pt outset; -aw-border-top: 4.5pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 128.7pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-bottom: 4.5pt outset; -aw-border-right: 0.75pt outset; -aw-border-top: 4.5pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">90.7</font></p> </td> </tr> <tr> <td style="width: 511.05pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 173.7pt; border-top: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; -aw-border-top: 4.5pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 151.2pt; border-top: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; -aw-border-top: 4.5pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Income Tax Related Regulatory Asset and Liability</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We have a regulatory asset of $28.2 million and $28.7 million as of December 31, 2022 and 2021, respectively, representing the unamortized balance of deferred income taxes on the equity component of AFUDC.</font> <font style="font-family: Arial;">These amounts are included in our tariff rates and are recovered, without earning a return, over the depreciable lives of the assets to which they apply.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We have a regulatory liability of $12.0 million and $12.4 million as of December 31, 2022 and 2021, respectively, representing the anticipated return to ratepayers of deferred income taxes as a result of the Tax Cuts and Jobs Act of 2017, which lowered the U.S. federal corporate income tax rate from 35% to 21% effective January 1, 2018.</font> <font style="font-family: Arial;">We are amortizing approximately $0.4 million per year to Account 411.1 &#8220;Provision for Deferred Income Taxes - Credit&#8221; through March 2056, the remaining average depreciable life of the assets to which these deferred taxes apply.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">4. Utility Plant</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 16pt;"><font style="font-family: Arial;">Our net utility plant consisted of the following (in millions):</font></p> <p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 16pt;"> </p> </div> <div class="Section9"> <table style="-aw-border-insideh: 0.5pt single #000000; -aw-border-insidev: 0.5pt single #000000; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 393.5pt; border-right: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.75pt; vertical-align: bottom; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 182pt; border-top: 1pt solid #000000; border-right: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.75pt; vertical-align: bottom; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Annual Depreciation</font></p> </td> <td style="width: 311.6pt; border-top: 1pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.38pt; padding-left: 5.75pt; vertical-align: bottom; -aw-border-right: 0.5pt single;" colspan="5"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">December 31,</font></p> </td> </tr> <tr> <td style="width: 393.5pt; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.75pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 182pt; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.75pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Rates (%)</font></p> </td> <td style="width: 145.05pt; border-top: 1pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.75pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p> </td> <td style="width: 155.05pt; border-top: 1pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.75pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single;" colspan="3"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2021</font></p> </td> </tr> <tr> <td style="width: 393.5pt; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">LNG terminaling &amp; processing facilities</font></p> </td> <td style="width: 182pt; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: top; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">1.76</font></p> </td> <td style="width: 10.05pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.75pt; padding-left: 5.38pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 123.5pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.75pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">1,074.7</font></p> </td> <td style="width: 20.05pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.75pt; padding-left: 5.38pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 123.5pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.75pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">1,073.7</font></p> </td> </tr> <tr> <td style="width: 393.5pt; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">General plant</font></p> </td> <td style="width: 182pt; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: top; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">1.76</font></p> </td> <td style="width: 10.05pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.75pt; padding-left: 5.38pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 123.5pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.75pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">58.0</font></p> </td> <td style="width: 20.05pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.75pt; padding-left: 5.38pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 123.5pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.75pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">57.7</font></p> </td> </tr> <tr> <td style="width: 393.5pt; border-width: 0.75pt 0.75pt 1px; border-style: solid; border-color: #000000; border-image: initial; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Intangible plant</font></p> </td> <td style="width: 182pt; border-width: 0.75pt 1pt 1px 0.75pt; border-style: solid; border-color: #000000; padding-right: 5.25pt; padding-left: 5.38pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">1.76</font></p> </td> <td style="width: 145.05pt; border-width: 1pt 1pt 1px; border-style: solid; border-color: #000000; padding-right: 5.25pt; padding-left: 5.25pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">2.8</font></p> </td> <td style="width: 155.05pt; border-width: 1pt 1pt 1px; border-style: solid; border-color: #000000; padding-right: 5.25pt; padding-left: 5.25pt; vertical-align: bottom;" colspan="3"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">2.5</font></p> </td> </tr> <tr> <td style="width: 393.5pt; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Accumulated depreciation and amortization</font></p> </td> <td style="width: 182pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.25pt; padding-left: 5.38pt; vertical-align: top; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 145.05pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.25pt; padding-left: 5.25pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(296.6)</font></p> </td> <td style="width: 155.05pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.25pt; padding-left: 5.25pt; vertical-align: bottom;" colspan="3"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(276.7)</font></p> </td> </tr> <tr> <td style="width: 393.5pt; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 182pt; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: top; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 10.05pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.75pt; padding-left: 5.38pt; vertical-align: bottom; -aw-border-left: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 123.5pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.38pt; padding-left: 5.75pt; vertical-align: bottom; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">838.9</font></p> </td> <td style="width: 10.05pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.75pt; padding-left: 5.38pt; vertical-align: bottom; -aw-border-left: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 133.5pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.38pt; padding-left: 5.75pt; vertical-align: bottom; -aw-border-right: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">857.2</font></p> </td> </tr> <tr> <td style="width: 393.5pt; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Land</font></p> </td> <td style="width: 182pt; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: top; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 145.05pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-right: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">3.4</font></p> </td> <td style="width: 155.05pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-right: 0.5pt single;" colspan="3"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">3.4</font></p> </td> </tr> <tr> <td style="width: 393.5pt; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Construction work in progress</font></p> </td> <td style="width: 182pt; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: top; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 145.05pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; -aw-border-left: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">0.5</font></p> </td> <td style="width: 155.05pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; -aw-border-left: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;" colspan="3"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">0.5</font></p> </td> </tr> <tr> <td style="width: 393.5pt; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Net utility plant</font></p> </td> <td style="width: 182pt; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: top; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 10.05pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.75pt; padding-left: 5.38pt; vertical-align: bottom; -aw-border-left: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 123.5pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.38pt; padding-left: 5.75pt; vertical-align: bottom; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">842.8</font></p> </td> <td style="width: 10.05pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.75pt; padding-left: 5.38pt; vertical-align: bottom; -aw-border-left: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 133.5pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.38pt; padding-left: 5.75pt; vertical-align: bottom; -aw-border-right: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">861.1</font></p> </td> </tr> <tr style="height: 0pt;"> <td style="width: 405pt;"> </td> <td style="width: 193.5pt;"> </td> <td style="width: 21.55pt;"> </td> <td style="width: 135pt;"> </td> <td style="width: 21.55pt;"> </td> <td style="width: 10pt;"> </td> <td style="width: 135pt;"> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">5. Related Party Transactions</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Cash Management Program</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We participate in KMI's cash management program, which matches the short-term cash surpluses and needs of participating affiliates, thus minimizing total borrowings from outside sources. KMI uses the cash management program to settle intercompany transactions between participating affiliates. As of December 31, 2022 and 2021, we had a note receivable from KMI of approximately $16.5 million and $17.3 million, respectively. The interest rate on this note is variable and was 5.4% and 1.4% as of December 31, 2022 and 2021, respectively. These amounts are included in Account 123 "Investments in Associated Companies" on our balance sheets.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Proprietary Capital</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">The following table reflects changes to our proprietary capital accounts resulting from distributions paid to our Member, as well as other changes in proprietary capital (in millions):</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 13.5pt;"> </p> </div> <div class="Section10"> <table style="width: 1081pt; margin-right: auto; margin-left: auto; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 548.85pt; border-right: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 13.5pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 509.55pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.5pt single;" colspan="8"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Year Ended December 31,</font></p> </td> <td style="width: 0.62pt; border-left: 0.75pt solid #000000; vertical-align: middle; -aw-border-left: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> </tr> <tr> <td style="width: 548.85pt; border-right: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 251pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.5pt single;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p> </td> <td style="width: 247.75pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.5pt single;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2021</font></p> </td> <td style="width: 0.62pt; border-left: 0.75pt solid #000000; vertical-align: middle; -aw-border-left: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> </tr> <tr> <td style="width: 548.85pt; border-right: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 118.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Account</font></p> </td> <td style="width: 122.15pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Account</font></p> </td> <td style="width: 116.25pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Account</font></p> </td> <td style="width: 120.7pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Account</font></p> </td> <td style="width: 0.62pt; border-left: 0.75pt solid #000000; vertical-align: middle; -aw-border-left: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> </tr> <tr> <td style="width: 548.85pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 118.05pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border-left: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">211</font></p> </td> <td style="width: 122.15pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">216</font></p> </td> <td style="width: 116.25pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">211</font></p> </td> <td style="width: 120.7pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">216</font></p> </td> <td style="width: 0.62pt; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; vertical-align: middle; -aw-border-left: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 548.85pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Balance - Beginning of Year</font></p> </td> <td style="width: 15.85pt; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 91.4pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">857.8</font></p> </td> <td style="width: 9.2pt; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 102.15pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">44.6</font></p> </td> <td style="width: 8.9pt; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 96.55pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">857.8</font></p> </td> <td style="width: 14.7pt; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 95.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">56.4</font></p> </td> <td style="border-top: 4.5pt solid #000000; vertical-align: top;"> </td> </tr> <tr style="height: 3.6pt;"> <td style="width: 548.85pt; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 15.85pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 91.4pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 9.2pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 102.15pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 8.9pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 96.55pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 14.7pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 95.2pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="vertical-align: top;"> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 548.85pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Net Income</font></p> </td> <td style="width: 15.85pt; border-top: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 91.4pt; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="width: 9.2pt; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 102.15pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">140.1</font></p> </td> <td style="width: 8.9pt; border-top: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 96.55pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="width: 14.7pt; border-top: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 95.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">141.2</font></p> </td> <td style="vertical-align: top;"> </td> </tr> <tr style="height: 3.6pt;"> <td style="width: 548.85pt; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 15.85pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 91.4pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 9.2pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 102.15pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 8.9pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 96.55pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 14.7pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 95.2pt; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="vertical-align: top;"> </td> </tr> <tr> <td style="width: 548.85pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Transfer of net earnings from Account 216</font><font style="font-family: Arial; font-size: 10.67pt; vertical-align: super;">(1)</font></p> </td> <td style="width: 15.85pt; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 91.4pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">155.6</font></p> </td> <td style="width: 9.2pt; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 102.15pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(155.6)</font></p> </td> <td style="width: 8.9pt; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 96.55pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">153.0</font></p> </td> <td style="width: 14.7pt; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 95.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(153.0)</font></p> </td> <td style="vertical-align: top;"> </td> </tr> <tr> <td style="width: 548.85pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Transfer from Account 236</font><font style="font-family: Arial; font-size: 10.67pt; vertical-align: super;">(1)</font></p> </td> <td style="width: 15.85pt; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 91.4pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">35.1</font></p> </td> <td style="width: 9.2pt; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 102.15pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="width: 8.9pt; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 96.55pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">31.9</font></p> </td> <td style="width: 14.7pt; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 95.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="vertical-align: top;"> </td> </tr> <tr> <td style="width: 548.85pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Transfer from Account 186</font><font style="font-family: Arial; font-size: 10.67pt; vertical-align: super;">(1)</font></p> </td> <td style="width: 15.85pt; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 91.4pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">13.1</font></p> </td> <td style="width: 9.2pt; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 102.15pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="width: 8.9pt; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 96.55pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">16.6</font></p> </td> <td style="width: 14.7pt; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 95.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="vertical-align: top;"> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 548.85pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin: 0pt 3.6pt 0pt 21.6pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Total Transfers</font></p> </td> <td style="width: 15.85pt; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 91.4pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">203.8</font></p> </td> <td style="width: 9.2pt; border-top: 4.5pt solid #000000; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 102.15pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(155.6)</font></p> </td> <td style="width: 8.9pt; border-top: 4.5pt solid #000000; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 96.55pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">201.5</font></p> </td> <td style="width: 14.7pt; border-top: 4.5pt solid #000000; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 95.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(153.0)</font></p> </td> <td style="vertical-align: top;"> </td> </tr> <tr style="height: 3.6pt;"> <td style="width: 548.85pt; border-top: 1pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 15.85pt; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 91.4pt; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 9.2pt; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 102.15pt; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 8.9pt; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 96.55pt; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 14.7pt; border-top: 4.5pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 95.2pt; border-top: 4.5pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="vertical-align: top;"> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 548.85pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Distributions to Member</font></p> </td> <td style="width: 15.85pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 91.4pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(203.8)</font></p> </td> <td style="width: 9.2pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 102.15pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="width: 8.9pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 96.55pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(201.5)</font></p> </td> <td style="width: 14.7pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 95.2pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="vertical-align: top;"> </td> </tr> <tr style="height: 3.6pt;"> <td style="width: 548.85pt; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 15.85pt; border-top: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 91.4pt; border-top: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 9.2pt; border-top: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 102.15pt; border-top: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 8.9pt; border-top: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 96.55pt; border-top: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 14.7pt; border-top: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 95.2pt; border-top: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="vertical-align: top;"> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 548.85pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Balance - End of Year</font></p> </td> <td style="width: 15.85pt; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 91.4pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">857.8</font></p> </td> <td style="width: 9.2pt; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 102.15pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">29.1</font></p> </td> <td style="width: 8.9pt; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 96.55pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">857.8</font></p> </td> <td style="width: 14.7pt; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 95.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">44.6</font></p> </td> <td style="vertical-align: top;"> </td> </tr> <tr style="height: 0pt;"> <td style="width: 559.65pt;"> </td> <td style="width: 26.65pt;"> </td> <td style="width: 102.2pt;"> </td> <td style="width: 20pt;"> </td> <td style="width: 112.95pt;"> </td> <td style="width: 19.7pt;"> </td> <td style="width: 107.35pt;"> </td> <td style="width: 25.5pt;"> </td> <td style="width: 106pt;"> </td> <td style="width: 1pt;"> </td> </tr> </table> <p style="margin-top: 14pt; margin-left: 90pt; margin-bottom: 14pt; text-indent: -18pt; text-align: justify; line-height: normal; font-size: 12pt; -aw-import: list-item; -aw-list-level-number: 0; -aw-list-number-format: '(%0)'; -aw-list-number-styles: 'decimal'; -aw-list-number-values: '1'; -aw-list-padding-sml: 3.33pt;"><font style="-aw-import: ignore;"><font style="font-family: Arial;">(1)</font><font style="width: 3.33pt; font: 7pt 'Times New Roman'; display: inline-block; -aw-import: spaces;"> <br/></font></font><font style="font-family: Arial;">Settlements of these amounts are made within equity and are considered non-cash financing activities.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Other Affiliate Balances and Activities</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">The following table summarizes our other balance sheet affiliate balances (in millions):</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 13.5pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <table style="margin-right: auto; margin-left: auto; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 23.75pt;"> <td style="border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: middle; -aw-border: 0.75pt outset;" rowspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Account</font></p> </td> <td style="width: 639.65pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; -aw-border: 0.75pt outset;" rowspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 366.9pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.75pt outset;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">December 31,</font></p> </td> </tr> <tr style="height: 23.75pt;"> <td style="width: 181.3pt; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p> </td> <td style="width: 174.8pt; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-right: 0.75pt outset;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2021</font></p> </td> </tr> <tr> <td style="border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">186</font></p> </td> <td style="border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Advance of deferred income taxes to Member</font></p> </td> <td style="border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 156pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">102.5</font></p> </td> <td style="width: 14.5pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 149.5pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">89.4</font></p> </td> </tr> <tr> <td style="border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">242</font></p> </td> <td style="border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Gas imbalances payable to associated companies</font></p> </td> <td style="border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 156pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">6.4</font></p> </td> <td style="width: 14.5pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 149.5pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-right: 0.75pt outset;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">0.2</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We do not have employees and are managed and operated by KMI, who provides services to us. Under KMI policies, we reimburse KMI at cost for direct and indirect costs incurred on our behalf and allocated general and administrative costs. These costs are reflected, as appropriate, in the "Operation, maintenance and payroll tax expenses" and "Capitalized costs" lines in the table below.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">The following table shows revenues and costs from our affiliates (in millions):</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"> </p> </div> <div class="Section11"> <table style="margin-right: auto; margin-left: auto; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 18.4pt;"> <td style="width: 606.6pt; border-right: 0.75pt solid #000000; padding-right: 5.03pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 13.5pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 321.95pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Year Ended December 31,</font></p> </td> <td style="vertical-align: top;"> </td> </tr> <tr> <td style="width: 606.6pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 164.45pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p> </td> <td style="width: 151.2pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="3"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2021</font></p> </td> </tr> <tr> <td style="width: 606.1pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-left: 3.6pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Revenues</font></p> </td> <td style="width: 14.5pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 149.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">0.8</font></p> </td> <td style="width: 17.1pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 134.1pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">0.8</font></p> </td> </tr> <tr> <td style="width: 606.1pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-left: 3.6pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Operation, maintenance and payroll tax expenses</font></p> </td> <td style="width: 14.5pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 149.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">12.9</font></p> </td> <td style="width: 17.1pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 134.1pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">12.7</font></p> </td> </tr> <tr> <td style="width: 606.1pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-left: 3.6pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Capitalized costs</font></p> </td> <td style="width: 14.5pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 149.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">0.2</font></p> </td> <td style="width: 17.1pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 134.1pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">0.2</font></p> </td> </tr> <tr style="height: 0pt;"> <td style="width: 612pt;"> </td> <td style="width: 19.9pt;"> </td> <td style="width: 155.35pt;"> </td> <td style="width: 22.5pt;"> </td> <td style="width: 135pt;"> </td> <td style="width: 4.5pt;"> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Other Affiliate Agreement</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">KMI and substantially all of its wholly-owned domestic subsidiaries, including us, are a party to a cross guarantee agreement whereby each party to the agreement unconditionally guarantees, jointly and severally, the payment of specified indebtedness of each other party to the agreement.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">6. Rate and Regulatory Matters</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Electricity Recovery Mechanism</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We have a FERC approved tariff mechanism to track the electricity costs incurred at our facility. An annual filing is made to update the electric power cost rate. Our tariff provides that the difference between the amount of revenue received from the electric power cost rate and the amount of electric costs incurred over the applicable annual period will be flowed through or charged to shippers by including such difference in the calculation to update the electric power cost rate in the annual filing. As of December 31, 2022 and 2021, we have a regulatory liability of $0.3 million and $1.1 million, respectively, on our balance sheets related to our electricity recovery mechanism. For the years ended December 31, 2022 and 2021, we recorded a net regulatory benefit of $0.8 million and $2.3 million, respectively, related to the provisions of this tracker.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Dredging Recovery Mechanism</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We have a FERC approved tariff mechanism to track the dredging costs incurred at our facility. An annual filing is made to update the dredging surcharge. Our tariff provides that the difference between the amount of revenue received from the dredging surcharge and the amount of dredging costs incurred over the applicable annual period will be flowed through or charged to shippers by including such difference in the calculation to update the dredging surcharge in the annual filing. As of December 31, 2022 and 2021, we have a regulatory liability of $1.9 million and $1.3 million, respectively, on our balance sheets related to our dredging recovery mechanism. For the years ended December 31, 2022 and 2021, we recorded a net regulatory expense of $0.6 million and $0.9 million, respectively, related to the provisions of this tracker.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">K-6 Electricity Recovery Mechanism</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">We have a FERC approved tariff mechanism to track the electricity costs incurred by the K-6 compressor unit at our facility. An annual filing is made to update this K-6 electricity surcharge relating to the recovery of these electric costs. Our tariff provides that the difference between the amount of revenue received from this K-6 electric surcharge and the amount of electricity costs incurred over the applicable annual period by the K-6 compressor will be flowed through or charged to shippers by including such difference in the calculation to update the K-6 electric surcharge in the annual filing. As of December 31, 2022 and 2021, we have a regulatory asset of $0.2 million and $0.1 million, respectively, on our balance sheets related to our K-6 electricity recovery mechanism. For the years ended December 31, 2022 and 2021, we recorded a net regulatory benefit of $0.1 million and a net regulatory expense of $0.1 million, respectively, related to the provisions of this tracker.</font></p> </div> <div class="Section12"> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">K-7 Electricity Recovery Mechanism</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We have a FERC approved tariff mechanism to track the electricity costs incurred by the K-7 compressor units at our facility. An annual filing is made to update this K-7 electricity surcharge relating to the recovery of these electric costs. Our tariff provides that the difference between the amount of revenue received from this K-7 electric surcharge and the amount of electricity costs incurred over the applicable annual period by the K-7 compressors will be flowed through or charged to shippers by including such difference in the calculation to update the K-7 electric surcharge in the annual filing. As of December 31, 2022 and 2021, we have a regulatory asset of $0.8 million and a regulatory liability of </font><font style="font-family: Arial;">$0.1 million, respectively, on our balance sheets related to our K-7electricity recovery mechanism. For the years ended December 31, 2022 and 2021, we recorded a net regulatory benefit of $0.9 million and $0.5 million, respectively, related to the provisions of this tracker.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Ship Loading Electricity Recovery Mechanism</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We have a FERC approved tariff mechanism to track the electricity costs incurred for the ship loading service at our facility. An annual filing is made to update this ship loading electricity surcharge relating to the recovery of these electric costs. Our tariff provides that the difference between the amount of revenue received from this ship loading electric surcharge and the amount of electricity costs incurred over the applicable annual period by the ship loading service will be flowed through or charged to shippers by including such difference in the calculation to update the ship loading electric surcharge in the annual filing. As of December 31, 2022 and 2021, we have a regulatory asset and a regulatory liability, respectively, of less than $0.1 million on our balance sheets related to our ship loading electricity recovery mechanism. For each of the years ended December 31, 2022 and 2021, we recorded a net regulatory benefit of less than $0.1 million related to the provisions of this tracker.</font></p> <p style="margin-top: 0pt; margin-bottom: 8pt;"><font style="-aw-import: ignore;"> <br/></font></p> </div></div> Kinder Morgan, Inc. directly owns 97.58% of Kinder Morgan Energy Partners, L.P. and 100% of Kinder Morgan GP LLC. See Page 102 "Control Over Respondent" for a description of our ownership structure. Allowance for other funds used during construction $ 27,942 Allowance for borrowed funds used during construction 12,007 Total $ 39,949 Allowance for other funds used during construction $ 9,283 Allowance for borrowed funds used during construction 3,989 Total $ 13,272 In accordance with FERC Order No. 581, we use the fixed asset method. Recorded pursuant to Docket No. AI93-5-000 issued April 23, 1993 (Accounting for Income Taxes). Recorded pursuant to Section 24 of the General Terms and Conditions of our tariff. Recorded pursuant to Section 24 of the General Terms and Conditions of our tariff. Recorded pursuant to Section 24 of the General Terms and Conditions of our tariff. Recorded pursuant to Section 24 of the General Terms and Conditions of our tariff. Since SLNG is a storage facility and bills on deliveries, page 300, line 12 ties to page 520, line 22. Line 12 consists of decreases in tank inventory (gas used/not stored). Line 13 represents storage fuel. Line 13 represents storage fuel. 31,149,610 Dth included in Deliveries of Contract Storage Gas (Account 489.4), line 22 was not billed to customers and is not subject to ACA surcharge. Line 27 consists of increases in tank inventory (gas stored/not used). Line 27 consists of increases in tank inventory (gas stored/not used). We use a non-revenue recognition method for shipper-supplied gas which results in accounting entries for net fuel over or under-collected rather than separate revenue entries for shipper-supplied gas used in plant operations.This footnote applies to all periods within the quarter. The value of this gas is based on the current month cash-out price provided for in our tariff.This footnote applies to all periods within the quarter. A reconciliation of fuel volumes in Line 29.1, column (c) to fuel volumes on page 331 is as follows: Total line 29.1, col (c) 30,148 Estimate to Actual Differences (801) Total 29,347 Recorded pursuant to Docket No. AI93-5-000 issued April 23, 1993 (Accounting for Income Taxes). We estimate approximately $6.1 million of the ending balance is associated with the projects granted non-traditional rate treatment that are reported on page 217. The cost rate percentage of common equity is based on the approved rate of Docket Nos. CP99-579-000, CP99-580-000, CP99-581-000, and CP99-582-000. AFUDC Debt Rate for Borrowed Funds is based upon a debt cost of 7.81% and a capital structure of 41% debt as specified in Docket No. CP99-579-000. AFUDC Equity Rate for Other Funds is based upon an equity cost of 12.50% and a capital structure of 59% equity as specified in Docket No. CP99-579-000. Intangible Plant (in thousands) Pg 204 Ln 5 Col (g) $ 2,768 Less: Franchise & Consents (Fully Depr) 385 $ 2,383 Industry Research: FIS Capital Markets US LLC Our methodology for allocating costs to incremental facilities in a Section 4 filing may differ from that displayed here. This footnote applies to line 1 and line 2, columns (f), (g), (h), and (j). 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 $ 67,125,215 As of December 31, 2022, 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 $ 80,771,391 As of December 31, 2022, 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 no deferred tax balance in Account 283 could be used in the development of jurisdictional recourse rates. Account Amount 107 $ 8,223 926 1,146,636 Total $ 1,154,859 Account Amount 408.1 $ 161,265 920 2,170,883 923 453,468 925 513,174 926 415,075 930.2 692,311 931 475,459 Total $ 4,881,635 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 $ 3,322,078 As of December 31, 2022, 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 $ 3,224,941 Use tax is distributed to various accounts based on the accounts charged for the originating invoice. Transferred to Account 211 "Miscellaneous Paid-in Capital." 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). Amounts charged by Kinder Morgan, Inc. through shared services are allocated using the modified Massachusetts Formula. See page 218 "General Description of Construction Overhead Procedure" for the basis of allocation. Account Amount 107 $ 53,416 408.1 452,274 844.1 897,273 844.2 2,620,524 844.3 11,230 844.6 694,113 844.8 516,051 847.1 437,216 847.2 200,142 847.3 287,597 847.5 106,691 847.6 69,346 847.7 63,387 920 516,136 Total $ 6,925,396 Liquefied Natural Gas Terminal & Processing (in thousands) Pg 204 Ln 81 Col (g) $ 1,136,180 Less: Land 3,402 Less: General Plant 58,077 Total $ 1,074,701 Net increase in utility plant accruals $4,153