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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&#8221;</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> 27727293 114471 27841764 27727293 114471 27841764 10485099 10485099 15457616 15457616 3123241 3123241 566135586 927914 567063500 183671818 14139 183685957 21876218 21876218 263793 263793 801013371 942053 801955424 94865 94865 293098 45794 338892 43679 43679 9242 9242 397205 89473 486678 397205 89473 486678 829137869 1145997 830283866 829137869 1145997 830283866 Advance of Deferred Income Taxes to Member 58503349 8161987 66665336 8161987 1 Gas Imbalance Due to Others 2583350 1 Gas Sales 5186829 5186829 12 13 14 Account 489.2, Revenues from transportation of gas of others through transmission facilities. 874928 2194278 150114178 288071804 874928 2194278 150114178 288071804 1 FTS 7567393 845988 6336503 774590 7567393 845988 6336503 774590 1 691704 46946638 46946638 47054879 47054879 583463 22594 22594 25.8238 25.8238 1 Matthew J. Wojtalewicz Vice President and Controller 1001 Louisiana Street, Suite 1000, Houston, TX 77002 true false Elba Express Company, L.L.C. is a Delaware limited liability company formed on April 24, 2001. Respondent is engaged in the transmission of natural gas in the states of Georgia and South Carolina. false Federal Income Tax Federal Tax Federal 1361366 17322922 -16817965 1866323 17227107 95815 Subtotal Federal Tax 1361366 17322922 -16817965 1866323 17227107 95815 State Income Tax - Georgia State Tax Georgia 394824 5033974 -4887171 541627 5013280 20694 0.0574 State Income Tax - South Carolina State Tax South Carolina 522 6664 -6470 716 6637 27 0.0001 Texas Margin Tax State Tax Texas 2021 163994 -4761 159233 -4761 Texas Margin Tax State Tax Texas 2022 158723 158723 158723 Subtotal State Tax 559340 5194600 159233 -4893641 701066 5173879 20721 Ad Valorem Tax - Georgia Ad Valorem Tax Georgia 2021 2076197 -154926 1821271 100000 -154926 Ad Valorem Tax - Georgia Ad Valorem Tax Georgia 2022 5618005 1872380 3745625 5618005 Ad Valorem Tax - South Carolina Ad Valorem Tax South Carolina 2021 Ad Valorem Tax - South Carolina Ad Valorem Tax South Carolina 2022 250331 250331 250331 Subtotal Ad Valorem Tax 2076197 5713410 3943982 3845625 5713410 Use Tax - Georgia Sales And Use Tax Georgia 2022 -2174 3400 4624 -3398 3400 Subtotal Sales And Use Tax -2174 3400 4624 -3398 3400 Payroll - FICA Tax Payroll Tax Federal 2022 194130 194130 194130 Payroll - Unemployment Tax Payroll Tax Federal 2022 4960 4960 4960 Subtotal Payroll Tax 199090 199090 199090 Miscellaneous Tax, Licenses and Fees Miscellaneous Other Tax Various 2022 567 567 567 Subtotal Miscellaneous Other Tax 567 567 567 28433989 4307496 -21711606 28314053 116536 3400 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 18330 3068 Shared Service Allocations 412787 434185 6 Other (less than $250,000) 3266 3266 Fuel Tracker Interest (FERC Interest rate) 37496 37496 1 2 4 5 7 8 10 11 13 14 16 17 19 20 22 23 Weaver LLC 752840 Other (less than $250,000) 359975 1112815 1 2 644824 644824 1985317 1985317 2630141 2630141 142967 142967 142967 142967 787791 787791 1985317 1985317 2773108 2773108 2773108 2773108 13220 13220 13220 13220 Account 186 7150 7150 7150 7150 2793478 2793478 74 75 76 454531 12017323 2938613 9078710 454531 2938613 454531 12017323 2938613 9078710 Investment Advance - Open Account - Kinder Morgan, Inc. 8 7 5 4 2 1 Elba Express Company, L.L.C. 700750 511511 290266082 63832716 845988 183413 4630058 953864 Changes in Line Inventory 245064 28258 296687942 65509762 1011709 390244 290266082 63832716 774590 208215 3387203 687438 Changes in Line Inventory 187677 Gas Used for Utility Operations 5251 1140 295632512 65119753 1055430 390009 296687942 65509762 16 31 32 153730 142255 150835375 149290736 150989105 149432991 290266082 263679998 5186829 1157528 5186829 1157528 153730 142255 156022204 150448264 156175934 150590519 153730 142255 156022204 150448264 156175934 150590519 Distributions of Earnings to Member 211 -87028303 -86559271 1 Hart County, GA Transmission Compressor Stations 4 58450 109289384 16720201 1426831 2251669 PT21597H 4 2022-07-08 Jefferson County, GA Transmission Compressor Stations 1 15900 41923696 3178331 28549 394532 PT3827H 1 2022-08-17 Rincon, GA Transmission Compressor Stations 1 15900 35484504 5407752 628392 741002 PT7313H 1 2022-10-04 Subtotal Transmission Compressor Stations 6 90250 186697584 25306284 2083772 3387203 PT32737H 6 186697584 1 2 3 4 FTS 152133 141516 150835375 149290736 150987508 149432252 288959378 263040731 ITS 1597 739 0 0 1597 739 1306704 639267 1 2 3 Federal Energy Regulatory Commission Docket No. RM87-3 Amortization - 2022 393022 393022 393022 182.3 98255 294767 Federal Energy Regulatory Commission Docket No. RM87-3 Amortization - 2021 227063 227063 170298 182.3 170298 620085 620085 170298 393022 268553 294767 1 2 11843 327824 339667 63597 1760415 1824012 11843 327824 339667 63597 1760415 1824012 8642 239218 247860 46408 1284601 1331009 854 810 8642 239218 247860 46408 1284601 1331009 9 235 244 46 1265 1311 853, 856 812 9 235 244 46 1265 1311 4001 113002 117003 21485 606821 628306 4001 113002 117003 21485 606821 628306 -809 -24631 -25440 -4342 -132272 -136614 -809 -24631 -25440 -4342 -132272 -136614 Other Dispositions Gas due from shippers 809 24631 25440 4342 132272 136614 182.3, 254 117.4 809 24631 25440 4342 132272 136614 8097 297359 305456 50282 1846599 1896881 8097 297359 305456 50282 1846599 1896881 5545 203630 209175 34433 1264544 1298977 854 810 5545 203630 209175 34433 1264544 1298977 9 345 354 58 2140 2198 853, 856 812 9 345 354 58 2140 2198 3328 128713 132041 20669 799305 819974 3328 128713 132041 20669 799305 819974 -785 -35329 -36114 -4878 -219390 -224268 -785 -35329 -36114 -4878 -219390 -224268 Other Dispositions Gas due from shippers 785 35329 36114 4878 219390 224268 182.3, 254 117.4 785 35329 36114 4878 219390 224268 Revenue Levelization 16378796 489.2 901154 15477642 901154 1 FTS 20145634 9399 12500324 12509723 22622637 12169 13128646 13140815 20966201 12710 13355153 13367863 ITS 65118 98 98 15084 23 23 18042 27 27 20210752 9497 12500324 12509821 22637721 12192 13128646 13140838 20984243 12737 13355153 13367890 1 2 2692350 2692350 2692350 2692350 20210752 9497 12500324 12509821 22637721 12192 13128646 13140838 20984243 12737 16047503 16060240 308741 308741 1759824 1759824 see footnote 308741 308741 1759824 1759824 230403 230403 1313297 1313297 854 810 230403 230403 1313297 1313297 542 542 3089 3089 853, 856 812 542 542 3089 3089 140965 140965 803501 803501 140965 140965 803501 803501 -63169 -63169 -360063 -360063 -63169 -63169 -360063 -360063 Other Dispositions Gas due from shippers 63169 63169 360063 360063 182.3, 254 117.4 63169 63169 360063 360063 63832716 63832716 2022-08-02 533073 436571 969644 9528 9528 542601 436571 979172 Operational Balancing Agreement 134293 134293 134293 134293 2022-08-01 1619460 1220552 2840012 9664 55402 65066 1629124 1275954 2905078 Operational Balancing Agreement 358934 358934 358934 358934 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). 7796577 186135 407.3 359413 7623299 FERC Annual Charge Adjustment 12 months ending September 30 18 CFR 154.402(a) and 18 CFR 382.202. 170298 393022 928 268553 294767 Cashout Tracker Section 14 of the General Terms and Conditions of our tariff. 946248 Various 274771 671477 Fuel Tracker Remaining balance at end of current filing period will be invoiced. Section 25 of the General Terms and Conditions of our tariff. 1079114 Various 36073 1043041 2604519 938810 1 2 3 4 William E. Morgan Vice President, Operational Controller /s/ William E. Morgan 2023-04-05 2 Elba Express Company, L.L.C. C000147 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 8226094 367349 7858745 8226094 367349 7858745 367349 6763454 302032 6461422 1462640 65317 1397323 63046 Health and life insurance 313575 Long-term disability insurance 7645 401K Employer contributions 125880 Other -13923 496223 6 7 8 9 Directly Charged Salaries and Wages Kinder Morgan, Inc. Various 1613536 Other Compensation and Benefits Kinder Morgan, Inc. Various 252244 Shared Services Kinder Morgan, Inc. Various 2892018 Construction Overheads Kinder Morgan, Inc. 107 103842 4861640 Transportation Revenues Southern Natural Gas Company, L.L.C. 489.2 25102396 25102396 2 3 4 5 8 2034591 980675 620672 343933 2655263 1324608 1230890 -618476 47054879 21540430 46946638 22074326 25306284 12083212 34305 11969 25340589 12095181 -21346195 -11922945 -21346195 -11922945 171821 202198 1522485 1649480 25306284 12083212 95257 175227 74773 86003 85859 75546 27256479 14271666 626914 75340 462170 305793 11707 12120 44 76 1100835 393329 28357314 14664995 1985317 2158548 40110 30317 347268 265667 369600 348000 510362 444446 542547 268553 180850 375683 278601 248995 4730219 4595053 4730219 4595053 11741338 7337103 19956243 19956178 7644741 7713844 3127560 802410 28103343 20398364 1665709 -870116 -542372 669014 3686 246 139479398 134861386 843544 200156 3686 246 833785 38550 2938613 3891150 -277986 -3772398 3574614 -135707000 -138436000 854 3387203 812 Gas Used for Other Utility Operations - Credit(Report separately for each principal use. Groupminor uses.) Transmission Compressor Expense 853 3042 19573 Mains Expense 856 2209 14732 3392454 5 6 7 FERC Form 2 Elba System Map 2023.pdf 1 Deferred Income Tax Rate Adjustment (amortized through June 2051) 15828105 411.1 537093 15291012 Revenue Sharing 172436 Various 202387 347061 317110 Cashout Tracker 170259 407.4 1160590 990331 Fuel Tracker 516786 Various 3459574 2942788 5359644 4280180 1 2 3 4 <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></p></div> 616654927 Elba Express Company, L.L.C. 1.0000 0.14 616654927 1.0000 33793 0.14 0.0375 0.07 156175934 150590519 10640503 6943774 10640503 6943774 1100835 393329 1100835 393329 19956243 19956178 19956243 19956178 694563 692181 694563 692181 1564965 1637394 1564965 1637394 2453029 1166551 2453029 1166551 5913067 6072746 5913067 6072746 17227107 16647250 17227107 16647250 5173879 5014241 5173879 5014241 8225475 8296875 8225475 8296875 581349 583072 581349 583072 67462259 63904345 67462259 63904345 88713675 86686174 88713675 86686174 456127 170879 2409 161 133 72 458669 171112 5602 3266 5602 95815 35899 20721 7763 615 41 117151 43703 338252 121807 1277 85 36219 -85 89015708 86808066 Georgia GA Fully Owned and Operated by Respondent 180.5 South Carolina SC Fully Owned and Operated by Respondent 0.6 Georgia GA Jointly Owned and Operated by Respondent true 10.0 Georgia GA Not Operated by Respondent true 13.1 181.1 10.0 13.1 0 204.2 1 2 3 4 5 6 7 8 9 6073 Salvage Proceeds 6073 23512891 Federal Income Tax 1454772 State Deferred Income Tax 20650806 Book Depreciation and Amortization 173278 AFUDC Equity - Regulatory Asset 3266 Non-deductible Lobbying Expense 45795013 1277 AFUDC - Book Capitalized Interest 2409 AFUDC Equity - Book Capitalized Amount 103842 Capitalized Overhead - Book 901154 Unearned Revenue 1008682 51255948 Tax Depreciation and Amortization 51255948 82552164 17335954 21% of Taxable Income -13032 Return to Provision/Other 17322922 Federal Income Tax - Current 5 8 9 10 11 12 15 16 17 18 21 25 26 27 28 29 30 <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>16</o:TotalTime> <o:Created>2023-03-21T19:28:00Z</o:Created> <o:LastSaved>2023-03-21T19:54:00Z</o:LastSaved> <o:Pages>12</o:Pages> <o:Words>4028</o:Words> <o:Characters>22961</o:Characters> <o:Company>Kinder Morgan</o:Company> <o:Lines>191</o:Lines> <o:Paragraphs>53</o:Paragraphs> <o:CharactersWithSpaces>26936</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 formed in 2001. When we refer to "us," "we," "our," "the Company," or "Elba Express" we are describing Elba Express 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;">Our natural gas transmission system consists of approximately 190 miles of natural gas pipeline and can transport natural gas supplies to the states of Georgia and South Carolina with a total south to north capacity of approximately 950 million cubic feet (MMcf) per day from the Elba Island liquefied natural gas terminal owned by our affiliate, Southern LNG Company, L.L.C. Substantially all of this south to north capacity is contracted to an affiliate of Royal Dutch Shell Plc under a fixed rate long-term contract. In addition, we have placed expansions in service which enable us to transport natural gas supplies in a southerly direction from two interconnections with Transcontinental Gas Pipe Line Company, LLC, with a total north to south capacity of approximately 1,100 MMcf per day. This capacity is contracted under long-term contracts with various customers.</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 April 05, 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> </div> <p><font style="font-family: Arial; font-size: 16pt; text-align: justify;">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> <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;">Cash Equivalents</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 define cash equivalents as all highly liquid short-term investments with original maturities of three months or less.</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;">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; text-align: justify; 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 from or received by a pipeline system differs from the scheduled amount of gas to be delivered or received. We value these imbalances due to or from shippers and operators 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; text-align: justify; 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 natural gas pipeline system, 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; text-align: justify; 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 segregate each class of revenue by account pursuant to th<font style="font-family: arial, helvetica, sans-serif;">e </font></font><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">FERC's</font><font style="font-family: Arial; font-size: 16pt; text-align: justify;"> guidance under Code of Federal Regulations Title 18, Part 201.</font></p> <div class="Section4"> <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;">Revenue from Contracts with Customers.</font><font style="font-family: Arial;"> We review our contracts with customers using the following steps to recognize revenue based on the transfer of goods or services to customers and in amounts that reflect the consideration the Company expects to receive for those goods or services. The steps include: (i) identify the contract; (ii) identify the performance obligations of the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and then (v) recognize revenue when (or as) the performance obligation is satisfied. Each of these steps involves management judgment and an analysis of the contract's material terms and conditions.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Our revenues are primarily generated from the transportation of natural gas under firm service customer contracts with take-or-pay elements (principally for capacity reservation) where both the price and quantity are fixed. Generally, for these contracts: (i) our promise is to transfer (or stand ready to transfer) a series of distinct integrated services over a period of time, which is a single performance obligation; (ii) the transaction price includes fixed and/or variable consideration which is determinable at contract inception and/or at each month end based on our right to invoice at month end for the value of services provided to the customer that month; and (iii) the transaction price is recognized as revenue over the service period specified in the contract as the services are rendered. In these arrangements, the customer is obligated to pay for services associated with its take-or-pay obligation regardless of whether or not the customer chooses to utilize the service in that period. Because we make the service continuously available over the service period, we recognize the take-or-pay amount as revenue ratably over the period based on the passage of time.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">The natural gas we receive under our transportation contracts remains under the control of our customers. In many cases, generally described as firm service, the customer generally pays a two-part transaction price that includes (i) a fixed fee reserving the right to transport natural gas in our facilities up to contractually specified capacity levels (referred to as "reservation") and (ii) a fee-based per-unit rate for quantities of natural gas actually transported. In our firm service contracts we generally promise to provide a single integrated service each day over the life of the contract, which is fundamentally a stand-ready obligation to provide services up to the customer's reservation capacity prescribed in the contract. Our customers have a take-or-pay payment obligation with respect to the fixed reservation fee component, regardless of the quantities they actually transport. In other cases, generally described as interruptible service, there is no fixed fee associated with these transportation services because the customer accepts the possibility that service may be interrupted at our discretion in order to serve customers who have firm service contracts. We do not have an obligation to perform under interruptible customer arrangements until we accept and schedule the customer's request for periodic service. The customer pays a transaction price on a fee-based per-unit rate for the quantities actually transported.</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;">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 $15.5 million and $16.4 million, respectively, reflected in Account 253 "Other Deferred Credits." Of the contract liability balance as of December 31, 2021, approximately $0.9 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 Customers. </font><font style="font-family: Arial;">For the year ended December 31, 2022, revenues from our three largest customers were approximately $92.3 million, $25.1 million and $17.2 million, each of which exceeded 10% of our operating revenues. For the year ended December 31, 2021, revenues from our three largest customers were approximately $92.3 million, $25.1 million and $15.8 million, each of which exceeded 10% of our operating revenues.</font></p> </div> <p><font style="font-family: Arial; font-style: italic; font-size: 16pt; text-align: justify;">Legal Proceedings</font></p> <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 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> <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; text-align: justify; 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; font-size: 16pt;">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> <div class="Section6"> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">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> <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> </div> <p><font style="font-family: Arial; font-size: 16pt; text-align: justify;">The following table reflects the components of income tax expense included in net income (in millions):</font></p> <div class="Section7"> <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> <td style="width: 569.7pt; border-right: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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: 326.7pt; 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;" 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: 569.7pt; 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; line-height: normal; font-size: 12pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 159.95pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;" 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: 155.95pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;" 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: 569.7pt; 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; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Current:</font></p> </td> <td style="width: 159.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;" 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: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; 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> </tr> <tr> <td style="width: 569.7pt; 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-left: 14.4pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Federal</font></p> </td> <td style="width: 81.45pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 67.7pt; 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;">17.3</font></p> </td> <td style="width: 74.95pt; 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: 70.2pt; 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;">16.7</font></p> </td> </tr> <tr> <td style="width: 569.7pt; 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-left: 14.4pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">State</font></p> </td> <td style="width: 159.95pt; border-right: 1pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">5.2</font></p> </td> <td style="width: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">5.0</font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 569.7pt; 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: 12pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 159.95pt; border-right: 1pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">22.5</font></p> </td> <td style="width: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">21.7</font></p> </td> </tr> <tr style="height: 2.15pt;"> <td style="width: 569.7pt; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; 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: 159.95pt; 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: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; 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> </tr> <tr style="height: 18.4pt;"> <td style="width: 569.7pt; 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; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Deferred:</font></p> </td> <td style="width: 159.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; 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: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; 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> </tr> <tr> <td style="width: 569.7pt; 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-left: 14.4pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Federal</font></p> </td> <td style="width: 159.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">6.2</font></p> </td> <td style="width: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">6.2</font></p> </td> </tr> <tr> <td style="width: 569.7pt; 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-left: 14.4pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">State</font></p> </td> <td style="width: 159.95pt; border-right: 1pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">1.5</font></p> </td> <td style="width: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">1.5</font></p> </td> </tr> <tr> <td style="width: 569.7pt; 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: 12pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 159.95pt; border-right: 1pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">7.7</font></p> </td> <td style="width: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">7.7</font></p> </td> </tr> <tr> <td style="width: 569.7pt; 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; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Total income tax expense</font></p> </td> <td style="width: 81.45pt; border-bottom: 1.5pt 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: 67.7pt; border-right: 1pt solid #000000; border-bottom: 1.5pt 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;">30.2</font></p> </td> <td style="width: 74.95pt; border-bottom: 1.5pt 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: 70.2pt; border-right: 1pt solid #000000; border-bottom: 1.5pt 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;">29.4</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 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; line-height: 13.8pt;"><font style="font-family: Arial; font-size: 13.5pt; -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: 569.7pt; border-right: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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: 326.7pt; 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;" 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: 569.7pt; 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; line-height: normal; font-size: 12pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 159.95pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;" 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: 155.95pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;" 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: 569.7pt; 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; 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: 81.45pt; 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: 67.7pt; 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;">25.0</font></p> </td> <td style="width: 74.95pt; 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: 70.2pt; 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;">24.4</font></p> </td> </tr> <tr> <td style="width: 569.7pt; 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; 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: 159.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">5.6</font></p> </td> <td style="width: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">5.4</font></p> </td> </tr> <tr> <td style="width: 569.7pt; 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; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Regulatory liability amortization</font></p> </td> <td style="width: 159.95pt; border-right: 1pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">(0.4)</font></p> </td> <td style="width: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">(0.4)</font></p> </td> </tr> <tr> <td style="width: 569.7pt; 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-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: 81.45pt; border-bottom: 1.5pt 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: 67.7pt; border-right: 1pt solid #000000; border-bottom: 1.5pt 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;">30.2</font></p> </td> <td style="width: 74.95pt; border-bottom: 1.5pt 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: 70.2pt; border-right: 1pt solid #000000; border-bottom: 1.5pt 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;">29.4</font></p> </td> </tr> <tr> <td style="width: 569.7pt; 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; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Effective tax rate</font></p> </td> <td style="width: 159.95pt; border-right: 1pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">25.3%</font></p> </td> <td style="width: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">25.3%</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: 569.45pt; border-right: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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: 326.95pt; 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;" 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: 569.45pt; 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; line-height: normal; font-size: 12pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 160.2pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;" 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: 155.95pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;" 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: 569.45pt; 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; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Deferred tax liabilities:</font></p> </td> <td style="width: 160.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;" 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: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; 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> </tr> <tr> <td style="width: 569.45pt; 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; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Property, plant and equipment</font></p> </td> <td style="width: 81.7pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 67.7pt; 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;">73.3</font></p> </td> <td style="width: 74.95pt; 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: 70.2pt; 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;">65.4</font></p> </td> </tr> <tr> <td style="width: 569.45pt; 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; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Regulatory asset</font></p> </td> <td style="width: 160.2pt; border-right: 1pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">2.0</font></p> </td> <td style="width: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">2.0</font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 569.45pt; 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-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: 160.2pt; border-right: 1pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">75.3</font></p> </td> <td style="width: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">67.4</font></p> </td> </tr> <tr style="height: 2.15pt;"> <td style="width: 569.45pt; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; 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: 160.2pt; 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: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; 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> </tr> <tr style="height: 18.4pt;"> <td style="width: 569.45pt; 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; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Deferred tax assets:</font></p> </td> <td style="width: 160.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; 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: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; 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> </tr> <tr> <td style="width: 569.45pt; 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; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Deferred revenue</font></p> </td> <td style="width: 160.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">4.0</font></p> </td> <td style="width: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">4.2</font></p> </td> </tr> <tr> <td style="width: 569.45pt; 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; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Regulatory liability</font></p> </td> <td style="width: 160.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">3.9</font></p> </td> <td style="width: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">4.0</font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 569.45pt; 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-left: 21.6pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Total deferred tax assets</font></p> </td> <td style="width: 160.2pt; border-right: 1pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">7.9</font></p> </td> <td style="width: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">8.2</font></p> </td> </tr> <tr style="height: 2.15pt;"> <td style="width: 569.45pt; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; 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: 160.2pt; border-bottom: 1.5pt 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: 155.95pt; border-right: 1pt solid #000000; border-bottom: 1.5pt solid #000000; padding-right: 4.9pt; 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> </tr> <tr style="height: 18.4pt;"> <td style="width: 569.45pt; 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; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Net deferred tax liability</font></p> </td> <td style="width: 81.7pt; border-bottom: 1.5pt 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: 67.7pt; border-right: 1pt solid #000000; border-bottom: 1.5pt 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;">67.4</font></p> </td> <td style="width: 74.95pt; border-bottom: 1.5pt 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: 70.2pt; border-right: 1pt solid #000000; border-bottom: 1.5pt 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;">59.2</font></p> </td> </tr> <tr> <td style="width: 569.45pt; 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: 160.2pt; 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: 155.95pt; 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> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic; font-size: 16pt;">Income Tax Related Regulatory Liability</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 $15.3 million and $15.8 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. We are amortizing approximately $0.5 million per year to Account 411.1 &#8220;Provision for Deferred Income Taxes - Credit&#8221; through June 2051, the remaining average depreciable life of the assets to which these deferred taxes apply.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold; font-size: 16pt;">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="margin-right: auto; margin-left: auto; border-collapse: collapse; height: 247px;" cellspacing="0" cellpadding="0"> <tr style="height: 25px;"> <td style="width: 494.656px; border-right: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.75pt; vertical-align: bottom; height: 25px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;"> <br/></font></p> </td> <td style="width: 254.656px; border-top: 1pt solid #000000; border-right: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.75pt; vertical-align: bottom; height: 25px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-weight: bold; font-size: 16pt;">Annual Depreciation</font></p> </td> <td style="width: 370.141px; 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; height: 25px;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-weight: bold; font-size: 16pt;">December 31,</font></p> </td> </tr> <tr style="height: 25px;"> <td style="width: 494.656px; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.75pt; vertical-align: bottom; height: 25px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;"> <br/></font></p> </td> <td style="width: 254.656px; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.75pt; vertical-align: bottom; height: 25px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-weight: bold; font-size: 16pt;">Rates (%)</font></p> </td> <td style="width: 177.141px; 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; height: 25px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-weight: bold; font-size: 16pt;">2022</font></p> </td> <td style="width: 177.172px; 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; height: 25px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-weight: bold; font-size: 16pt;">2021</font></p> </td> </tr> <tr style="height: 25px;"> <td style="width: 495.141px; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; height: 25px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">Transmission facilities</font></p> </td> <td style="width: 255.141px; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: top; height: 25px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">2.50</font></p> </td> <td style="width: 20.625px; 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; height: 25px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">$</font></p> </td> <td style="width: 140.688px; 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; height: 25px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">798.8</font></p> </td> <td style="width: 20.625px; 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; height: 25px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">$</font></p> </td> <td style="width: 140.719px; 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; height: 25px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">797.8</font></p> </td> </tr> <tr style="height: 25px;"> <td style="width: 495.141px; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; height: 25px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">Intangible plant</font></p> </td> <td style="width: 255.141px; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: top; height: 25px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">2.50</font></p> </td> <td style="width: 177.625px; border-width: 0.75pt 0.75pt 1pt; border-style: solid; border-color: #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; height: 25px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">27.8</font></p> </td> <td style="width: 177.656px; border-width: 0.75pt 0.75pt 1pt; border-style: solid; border-color: #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; height: 25px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">27.7</font></p> </td> </tr> <tr style="height: 27px;"> <td style="width: 495.141px; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; height: 27px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">General plant</font></p> </td> <td style="width: 255.312px; border-width: 0.75pt 1pt 0.75pt 0.75pt; border-style: solid; border-color: #000000; padding-right: 5.25pt; padding-left: 5.38pt; vertical-align: top; height: 27px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">2.50</font></p> </td> <td style="width: 177.969px; border-width: 1pt 1pt 1px; border-style: solid; border-color: #000000; padding-right: 5.25pt; padding-left: 5.25pt; vertical-align: bottom; height: 27px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">0.5</font></p> </td> <td style="width: 178px; border-width: 1pt 1pt 1px; border-style: solid; border-color: #000000; padding-right: 5.25pt; padding-left: 5.25pt; vertical-align: bottom; height: 27px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">0.4</font></p> </td> </tr> <tr style="height: 30px;"> <td style="width: 495.141px; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">Accumulated depreciation and amortization</font></p> </td> <td style="width: 255.312px; border-width: 0.75pt 1pt 0.75pt 0.75pt; border-style: solid; border-color: #000000; padding-right: 5.25pt; padding-left: 5.38pt; vertical-align: top; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;"> <br/></font></p> </td> <td style="width: 177.969px; border-width: 1pt 1pt 4.5pt; border-style: solid; border-color: #000000; padding-right: 5.25pt; padding-left: 5.25pt; vertical-align: bottom; height: 30px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">(225.8)</font></p> </td> <td style="width: 178px; border-width: 1pt 1pt 4.5pt; border-style: solid; border-color: #000000; padding-right: 5.25pt; padding-left: 5.25pt; vertical-align: bottom; height: 30px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">(205.1)</font></p> </td> </tr> <tr style="height: 30px;"> <td style="width: 495.141px; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;"> <br/></font></p> </td> <td style="width: 255.141px; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: top; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;"> <br/></font></p> </td> <td style="width: 20.625px; 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; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;"> <br/></font></p> </td> <td style="width: 140.688px; 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; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">601.3</font></p> </td> <td style="width: 20.625px; 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; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;"> <br/></font></p> </td> <td style="width: 140.719px; 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; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">620.8</font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 495.141px; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">Land</font></p> </td> <td style="width: 255.141px; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: top; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;"> <br/></font></p> </td> <td style="width: 177.625px; border-width: 4.5pt 0.75pt 0.75pt; border-style: solid; border-color: #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; height: 30px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">3.2</font></p> </td> <td style="width: 177.656px; border-width: 4.5pt 0.75pt 0.75pt; border-style: solid; border-color: #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; height: 30px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">3.2</font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 495.141px; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: bottom; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">Net utility plant</font></p> </td> <td style="width: 255.141px; border: 0.75pt solid #000000; padding-right: 5.38pt; padding-left: 5.38pt; vertical-align: top; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;"> <br/></font></p> </td> <td style="width: 20.625px; 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; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">$</font></p> </td> <td style="width: 140.688px; 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; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">604.5</font></p> </td> <td style="width: 20.625px; 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; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">$</font></p> </td> <td style="width: 140.719px; 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; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">624.0</font></p> </td> </tr> </table> <p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 16pt;"><font style="font-family: Arial; -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 $12.0 million and $9.1 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="margin-right: auto; margin-left: auto; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 18.7pt;"> <td style="width: 502.1pt; border-right: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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: 555.8pt; 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;" 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> </tr> <tr style="height: 18.7pt;"> <td style="width: 502.1pt; border-right: 1pt solid #000000; padding-right: 4.9pt; 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: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 261.1pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" 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: 283.9pt; 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;" 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> </tr> <tr style="height: 18.7pt;"> <td style="width: 502.1pt; border-right: 1pt solid #000000; padding-right: 4.9pt; 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: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 124.35pt; border-right: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;" 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: 125.95pt; border-top: 1pt solid #000000; border-right: 1pt 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;">Account</font></p> </td> <td style="width: 121.95pt; border-right: 1pt 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;">Account</font></p> </td> <td style="width: 151.15pt; border-right: 1pt 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;">Account</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 502.1pt; 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; line-height: normal; font-size: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 124.35pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;" 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: 125.95pt; 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;">216</font></p> </td> <td style="width: 121.95pt; 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;">211</font></p> </td> <td style="width: 151.15pt; 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;">216</font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 502.1pt; 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: 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: 20.35pt; 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: 93.2pt; 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;">609.5</font></p> </td> <td style="width: 12.85pt; 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: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 102.3pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">7.2</font></p> </td> <td style="width: 20.4pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 90.75pt; 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;">631.6</font></p> </td> <td style="width: 10.45pt; 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: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 129.9pt; 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;">6.9</font></p> </td> </tr> <tr style="height: 3.6pt;"> <td style="width: 502.1pt; 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: 20.35pt; 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: 93.2pt; 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: 12.85pt; 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: 102.3pt; 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: 20.4pt; 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: 90.75pt; 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: 10.45pt; 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: 129.9pt; 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> </tr> <tr style="height: 18.4pt;"> <td style="width: 502.1pt; 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: 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: 20.35pt; 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: 93.2pt; 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;">-</font></p> </td> <td style="width: 12.85pt; 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: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 102.3pt; 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;">89.0</font></p> </td> <td style="width: 20.4pt; 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: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 90.75pt; 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: 10.45pt; 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: 129.9pt; 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;">86.9</font></p> </td> </tr> <tr style="height: 3.6pt;"> <td style="width: 502.1pt; 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: 20.35pt; 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: 93.2pt; 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: 12.85pt; 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: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 102.3pt; 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: 20.4pt; 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: 90.75pt; 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: 10.45pt; 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: 129.9pt; 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> </tr> <tr style="height: 18.7pt;"> <td style="width: 502.1pt; 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: 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: 20.35pt; 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: 93.2pt; 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;">87.0</font></p> </td> <td style="width: 12.85pt; 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: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 102.3pt; 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;">(87.0)</font></p> </td> <td style="width: 20.4pt; 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: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 90.75pt; 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;">86.6</font></p> </td> <td style="width: 10.45pt; 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: 129.9pt; 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;">(86.6)</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 502.1pt; 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: 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: 20.35pt; 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: 93.2pt; 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;">21.7</font></p> </td> <td style="width: 12.85pt; 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: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 102.3pt; 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: 20.4pt; 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: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 90.75pt; 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;">21.5</font></p> </td> <td style="width: 10.45pt; 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: 129.9pt; 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> </tr> <tr style="height: 18.7pt;"> <td style="width: 502.1pt; 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: 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: 20.35pt; border-bottom: 4.5pt 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: 93.2pt; 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;">8.2</font></p> </td> <td style="width: 12.85pt; border-bottom: 4.5pt 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: 102.3pt; 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: 20.4pt; border-bottom: 4.5pt 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: 90.75pt; 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;">8.2</font></p> </td> <td style="width: 10.45pt; border-bottom: 4.5pt 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: 129.9pt; 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> </tr> <tr style="height: 18.7pt;"> <td style="width: 502.1pt; 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: bottom;"> <p style="margin: 0pt 3.6pt 0pt 36pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Total Transfers</font></p> </td> <td style="width: 20.35pt; border-bottom: 4.5pt 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: 93.2pt; 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;">116.9</font></p> </td> <td style="width: 12.85pt; border-bottom: 4.5pt 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: 102.3pt; 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;">(87.0)</font></p> </td> <td style="width: 20.4pt; border-bottom: 4.5pt 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: 90.75pt; 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;">116.3</font></p> </td> <td style="width: 10.45pt; border-bottom: 4.5pt 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: 129.9pt; 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;">(86.6)</font></p> </td> </tr> <tr style="height: 3.6pt;"> <td style="width: 502.1pt; 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: 20.35pt; 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: 93.2pt; 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: 12.85pt; 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: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 102.3pt; 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: 20.4pt; 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: 90.75pt; 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: 10.45pt; 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: 129.9pt; 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> </tr> <tr style="height: 18.7pt;"> <td style="width: 502.1pt; 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: bottom;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Distributions of pre-tax earnings</font></p> </td> <td style="width: 20.35pt; 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: 93.2pt; 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;">(116.9)</font></p> </td> <td style="width: 12.85pt; 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: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 102.3pt; 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: 20.4pt; 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: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 90.75pt; 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;">(116.3)</font></p> </td> <td style="width: 10.45pt; 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: 129.9pt; 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> </tr> <tr style="height: 18.7pt;"> <td style="width: 502.1pt; 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: bottom;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Distributions as return of capital</font></p> </td> <td style="width: 20.35pt; border-bottom: 4.5pt 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: 93.2pt; 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;">(18.8)</font></p> </td> <td style="width: 12.85pt; border-bottom: 4.5pt 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: 102.3pt; 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: 20.4pt; border-bottom: 4.5pt 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: 90.75pt; 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;">(22.1)</font></p> </td> <td style="width: 10.45pt; border-bottom: 4.5pt 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: 129.9pt; 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> </tr> <tr style="height: 18.7pt;"> <td style="width: 502.1pt; 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: bottom;"> <p style="margin: 0pt 3.6pt 0pt 36pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Total Distributions to Member</font></p> </td> <td style="width: 20.35pt; border-bottom: 4.5pt 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: 93.2pt; 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;">(135.7)</font></p> </td> <td style="width: 12.85pt; border-bottom: 4.5pt 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: 102.3pt; 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: 20.4pt; border-bottom: 4.5pt 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: 90.75pt; 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;">(138.4)</font></p> </td> <td style="width: 10.45pt; border-bottom: 4.5pt 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: 129.9pt; 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> </tr> <tr style="height: 3.6pt;"> <td style="width: 502.1pt; 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: 20.35pt; border-bottom: 4.5pt 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: 93.2pt; border-bottom: 4.5pt 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: 12.85pt; border-bottom: 4.5pt 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: 102.3pt; border-bottom: 4.5pt 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: 20.4pt; border-bottom: 4.5pt 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: 90.75pt; border-bottom: 4.5pt 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: 10.45pt; border-bottom: 4.5pt 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: 129.9pt; border-bottom: 4.5pt 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> </tr> <tr style="height: 18.7pt;"> <td style="width: 502.1pt; 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: 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 - End of Year</font></p> </td> <td style="width: 20.35pt; border-bottom: 4.5pt 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: 93.2pt; 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;">590.7</font></p> </td> <td style="width: 12.85pt; border-bottom: 4.5pt 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;">$</font></p> </td> <td style="width: 102.3pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">9.2</font></p> </td> <td style="width: 20.4pt; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 90.75pt; 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;">609.5</font></p> </td> <td style="width: 10.45pt; border-bottom: 4.5pt 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: 129.9pt; 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;">7.2</font></p> </td> </tr> </table> <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> <p style="margin-top: 14pt; margin-left: 288pt; margin-bottom: 14pt; text-indent: 36pt; line-height: normal; font-size: 12pt;"><font style="font-family: Arial;">(1) 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; font-size: 16pt;">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: 1pt solid #000000; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 18.7pt;"> <td style="border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: middle;" 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: 621.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;" 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: 360.65pt; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" 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: 18.7pt;"> <td style="width: 176.3pt; 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: 173.55pt; 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;">2021</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">146</font></p> </td> <td style="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-right: 3.75pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Accounts receivable from 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; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 156.6pt; 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;">2.1</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: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 148.05pt; 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;">2.1</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">174</font></p> </td> <td style="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-right: 3.75pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Gas imbalances receivable from 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: 156.6pt; 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;">0.2</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: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 148.05pt; 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> </tr> <tr style="height: 18.7pt;"> <td style="border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: bottom;"> <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: 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-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: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 156.6pt; 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;">66.7</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: 12pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 148.05pt; 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;">58.5</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="border-right: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: bottom;"> <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: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; 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;">Gas imbalances payable to associated companies</font></p> </td> <td style="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: 156.6pt; border-right: 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; 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: 148.05pt; 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;">0.1</font></p> </td> </tr> </table> </div> <p> </p> <div class="Section11"> <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: 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: 18.7pt;"> <td style="width: 606.6pt; border-right: 1pt solid #000000; padding-right: 4.9pt; 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: 261.1pt; 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: bottom;" 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 style="height: 18.7pt;"> <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: 128.7pt; 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: 121.6pt; 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;">2021</font></p> </td> </tr> <tr style="height: 18.7pt;"> <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><font style="font-family: Arial; font-size: 10.67pt; vertical-align: super;">(1)</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: 114.2pt; 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;">25.1</font></p> </td> <td style="width: 10pt; 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: 111.6pt; 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;">25.1</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 606.1pt; border: 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-top: 1pt solid #000000; 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: 114.2pt; border-top: 1pt solid #000000; 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;">4.7</font></p> </td> <td style="width: 10pt; border-top: 1pt solid #000000; 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: 111.6pt; border-top: 1pt solid #000000; 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;">4.7</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 606.1pt; border: 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-top: 1pt solid #000000; 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: 114.2pt; border-top: 1pt solid #000000; 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;">0.1</font></p> </td> <td style="width: 10pt; border-top: 1pt solid #000000; 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: 111.6pt; border-top: 1pt solid #000000; 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;">-</font></p> </td> </tr> </table> <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> <p style="margin-top: 14pt; margin-left: 288pt; margin-bottom: 14pt; text-indent: 36pt; line-height: normal; font-size: 12pt;"><font style="font-family: Arial;">(1)</font> <font style="font-family: Arial;">Revenues from transportation service agreement with Southern Natural Gas Company, L.L.C., which is effective through November 2036.</font></p> <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-style: italic;">Subsequent Event</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Subsequent to December 31, 2022 and through the issuance of this report, we made a distribution to our Member of $34.9 million, inclusive of amounts representing 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; 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;">Fuel 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 obtain natural gas quantities from our shippers, in accordance with our tariff, as reimbursement for gas required for operations and for gas quantities lost and otherwise unaccounted for. On an annual basis, we make a filing with the FERC updating the fuel retention percentages and providing support for any surcharges (i.e. if we had an under-recovery) or refunds (i.e. if we had an over-recovery) for our shippers based upon the previous twelve month period. As of December 31, 2022 and 2021, we have a regulatory asset of $1.0 million and </font><font style="font-family: Arial; font-size: 21.3333px;">a regulatory liability </font><font style="font-family: Arial; font-size: 16pt;">$0.5 million, respectively, on our balance sheets related to our fuel recovery mechanism. For the years ended December 31, 2022 and 2021, we recorded a net regulatory benefit of $1.6 million and a net regulatory expense of $1.1 million, respectively, related to our fuel recovery mechanism.</font></p> </div> <div class="Section12"> <p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 16pt;"><font style="font-family: Arial; -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 $ 2,409 Allowance for borrowed funds used during construction 1,277 Total $ 3,686 Allowance for other funds used during construction $ 161 Allowance for borrowed funds used during construction 85 Total $ 246 The cost rate percentage of common equity is based on the approved rate in Docket No. CP06-417-000. AFUDC Equity Rate for Other Funds is based upon an equity rate of return of 14% and a capital structure of 50% equity as specified in Docket No. CP06-417-000. Transmission Plant (in thousands) Pg 204 Ln 92 Col (g) $ 801,955 Less: Land 3,201 $ 798,754 In accordance with FERC Order 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 33 of the General Terms and Conditions of our tariff. Recorded pursuant to Section 14 of the General Terms and Conditions of our tariff. 2022 IT Revenues were deferred to Account 254 and refunded to firm contract holders. 2021 IT Revenues were deferred to Account 254 and refunded to firm contract holders. Line 3 contains cashout and operational purchases recorded to Account 803. This footnote also applies to column (d). Line 18 contains cashout sales, recorded to Account 803 and operational sales, recorded to Account 495. This footnote also applies to column (d). 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 and expenses for gas used in compressors. 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. 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 $ 206 186 1,414 926 250,624 Total $ 252,244 Account Amount 408.1 $ 95,376 920 1,284,240 923 268,041 925 307,374 926 245,599 930.2 412,787 931 278,601 Total $ 2,892,018 Miles Name of Line Joint Owner Percentage 10.0 42" EEC Line Southern Natural Gas Company 65.0 Transferred to Account 211 "Miscellaneous Paid-in Capital." Use tax is distributed to various accounts based on the accounts charged for the originating invoice. 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 $ 59,649,754 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 $ 67,637,515 As of December 31, 2021, we estimate that no deferred tax balance in Account 283 could be used in the development of jurisdictional recourse rates. As of December 31, 2022, we estimate that no deferred tax balance in Account 283 could be used in the development of jurisdictional recourse rates. Industry Research: FIS Capital Markets US LLC Account Amount 142 $ 80,703 407.3 194,068 Total $ 274,771 Account Amount 431 $ 22,508 142 10,629 146 2,936 Total $ 36,073 AFUDC Debt Rate for Borrowed Funds is based upon a debt cost of 7.5% and a capital structure of 50% debt as specified in Docket No. CP06-417-000. 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 $ 4,042,718 Account Amount 107 $ 13,290 186 7,664 408.1 103,714 850 144,301 853 417,973 856 54,499 857 28,051 863 24,419 864 109,089 865 9,459 920 701,077 Total $ 1,613,536 Account Amount 142 $ 34,284 146 168,103 Total $ 202,387 Account Amount 419 $ 3,191 142 460,700 146 74,742 805 2,920,941 Total $ 3,459,574 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 $ 3,905,537 Miles Name of Line Joint Owner Percentage 13.1 30" Twin 30s Line Magnolia Enterprise Holdings, Inc (MEHI), Southern Natural Gas Company & Dominion Energy Carolina 43.0 Net increase in utility plant accruals $ 302,627 Recorded pursuant to Section 25 of the General Terms and Conditions of our tariff.