C000967 2022-01-01 2022-12-31 C000967 2022-12-31 C000967 2021-01-01 2021-12-31 C000967 2021-12-31 C000967 2020-12-31 C000967 2022-10-01 2022-12-31 C000967 2022-10-01 2022-10-31 C000967 2022-11-01 2022-11-30 C000967 2022-12-01 2022-12-31 C000967 ScheduleGasPropertyAndCapacityLeasedToOthersAbstract 2022-01-01 2022-12-31 C000967 ScheduleGasPlantHeldForFutureUseAbstract 2022-01-01 2022-12-31 C000967 ScheduleExtraordinaryPropertyLossesAbstract 2022-01-01 2022-12-31 C000967 ScheduleUnrecoveredPlantAndRegulatoryStudyCostsAbstract 2022-01-01 2022-12-31 C000967 ScheduleCapitalStockAbstract 2022-01-01 2022-12-31 C000967 ScheduleCapitalStockSubscribedLiabilityForConversionPremiumOnAndInstallmentsReceivedOnAbstract 2022-01-01 2022-12-31 C000967 ScheduleDiscountOnCapitalStockAbstract 2022-01-01 2022-12-31 C000967 ScheduleCapitalStockExpenseAbstract 2022-01-01 2022-12-31 C000967 ScheduleRevenuesFromTransporationOfGasOfOthersThroughGatheringFacilitiesAbstract 2022-01-01 2022-12-31 C000967 ScheduleRevenuesFromStoringGasOfOthersAbstract 2022-01-01 2022-12-31 C000967 1 2022-01-01 2022-12-31 C000967 1 2022-10-01 2022-10-31 C000967 1 2022-11-01 2022-11-30 C000967 1 2022-12-01 2022-12-31 C000967 2 2022-01-01 2022-12-31 C000967 2 2022-10-01 2022-10-31 C000967 2 2022-11-01 2022-11-30 C000967 2 2022-12-01 2022-12-31 C000967 3 2022-01-01 2022-12-31 C000967 3 2022-10-01 2022-10-31 C000967 3 2022-11-01 2022-11-30 C000967 3 2022-12-01 2022-12-31 C000967 4 2022-01-01 2022-12-31 C000967 4 2022-10-01 2022-10-31 C000967 4 2022-11-01 2022-11-30 C000967 4 2022-12-01 2022-12-31 C000967 5 2022-01-01 2022-12-31 C000967 5 2022-10-01 2022-10-31 C000967 5 2022-11-01 2022-11-30 C000967 5 2022-12-01 2022-12-31 C000967 6 2022-01-01 2022-12-31 C000967 6 2022-10-01 2022-10-31 C000967 6 2022-11-01 2022-11-30 C000967 6 2022-12-01 2022-12-31 C000967 7 2022-01-01 2022-12-31 C000967 7 2022-10-01 2022-10-31 C000967 7 2022-11-01 2022-11-30 C000967 7 2022-12-01 2022-12-31 C000967 8 2022-01-01 2022-12-31 C000967 8 2022-10-01 2022-10-31 C000967 8 2022-11-01 2022-11-30 C000967 8 2022-12-01 2022-12-31 C000967 9 2022-01-01 2022-12-31 C000967 9 2022-10-01 2022-10-31 C000967 9 2022-11-01 2022-11-30 C000967 9 2022-12-01 2022-12-31 C000967 ferc:GasUtilityMember 2022-01-01 2022-12-31 C000967 ferc:GasUtilityMember 2021-01-01 2021-12-31 C000967 1 2022-01-01 2022-12-31 C000967 1 2021-01-01 2021-12-31 C000967 2 2022-01-01 2022-12-31 C000967 2 2021-01-01 2021-12-31 C000967 3 2022-01-01 2022-12-31 C000967 3 2021-01-01 2021-12-31 C000967 4 2022-01-01 2022-12-31 C000967 4 2021-01-01 2021-12-31 C000967 5 2022-01-01 2022-12-31 C000967 5 2021-01-01 2021-12-31 C000967 6 2022-01-01 2022-12-31 C000967 6 2021-01-01 2021-12-31 C000967 7 2022-01-01 2022-12-31 C000967 7 2021-01-01 2021-12-31 C000967 8 2022-01-01 2022-12-31 C000967 8 2021-01-01 2021-12-31 C000967 9 2022-01-01 2022-12-31 C000967 9 2021-01-01 2021-12-31 C000967 10 2022-01-01 2022-12-31 C000967 10 2021-01-01 2021-12-31 C000967 11 2022-01-01 2022-12-31 C000967 11 2021-01-01 2021-12-31 C000967 12 2022-01-01 2022-12-31 C000967 12 2021-01-01 2021-12-31 C000967 13 2022-01-01 2022-12-31 C000967 13 2021-01-01 2021-12-31 C000967 14 2022-01-01 2022-12-31 C000967 14 2021-01-01 2021-12-31 C000967 15 2022-01-01 2022-12-31 C000967 15 2021-01-01 2021-12-31 C000967 16 2022-01-01 2022-12-31 C000967 16 2021-01-01 2021-12-31 C000967 17 2022-01-01 2022-12-31 C000967 17 2021-01-01 2021-12-31 C000967 18 2022-01-01 2022-12-31 C000967 18 2021-01-01 2021-12-31 C000967 19 2022-01-01 2022-12-31 C000967 19 2021-01-01 2021-12-31 C000967 20 2022-01-01 2022-12-31 C000967 20 2021-01-01 2021-12-31 C000967 21 2022-01-01 2022-12-31 C000967 21 2021-01-01 2021-12-31 C000967 22 2022-01-01 2022-12-31 C000967 22 2021-01-01 2021-12-31 C000967 23 2022-01-01 2022-12-31 C000967 23 2021-01-01 2021-12-31 C000967 24 2022-01-01 2022-12-31 C000967 24 2021-01-01 2021-12-31 C000967 25 2022-01-01 2022-12-31 C000967 25 2021-01-01 2021-12-31 C000967 26 2022-01-01 2022-12-31 C000967 26 2021-01-01 2021-12-31 C000967 27 2022-01-01 2022-12-31 C000967 27 2021-01-01 2021-12-31 C000967 28 2022-01-01 2022-12-31 C000967 28 2021-01-01 2021-12-31 C000967 29 2022-01-01 2022-12-31 C000967 29 2021-01-01 2021-12-31 C000967 30 2022-01-01 2022-12-31 C000967 30 2021-01-01 2021-12-31 C000967 31 2022-01-01 2022-12-31 C000967 31 2021-01-01 2021-12-31 C000967 32 2022-01-01 2022-12-31 C000967 32 2021-01-01 2021-12-31 C000967 33 2022-01-01 2022-12-31 C000967 33 2021-01-01 2021-12-31 C000967 34 2022-01-01 2022-12-31 C000967 34 2021-01-01 2021-12-31 C000967 35 2022-01-01 2022-12-31 C000967 35 2021-01-01 2021-12-31 C000967 36 2022-01-01 2022-12-31 C000967 36 2021-01-01 2021-12-31 C000967 37 2022-01-01 2022-12-31 C000967 37 2021-01-01 2021-12-31 C000967 38 2022-01-01 2022-12-31 C000967 38 2021-01-01 2021-12-31 C000967 El Paso Natural Gas Company, L.L.C. 2022-01-01 2022-12-31 C000967 El Paso Natural Gas Company, L.L.C. 2022-10-01 2022-12-31 C000967 16 El Paso Natural Gas Company, L.L.C. 2022-01-01 2022-12-31 C000967 31 El Paso Natural Gas Company, L.L.C. 2022-01-01 2022-12-31 C000967 31 El Paso Natural Gas Company, L.L.C. 2022-10-01 2022-12-31 C000967 32 El Paso Natural Gas Company, L.L.C. 2022-01-01 2022-12-31 C000967 32 El Paso Natural Gas Company, L.L.C. 2022-10-01 2022-12-31 C000967 33 El Paso Natural Gas Company, L.L.C. 2022-01-01 2022-12-31 C000967 33 El Paso Natural Gas Company, L.L.C. 2022-10-01 2022-12-31 C000967 34 El Paso Natural Gas Company, L.L.C. 2022-01-01 2022-12-31 C000967 34 El Paso Natural Gas Company, L.L.C. 2022-10-01 2022-12-31 C000967 35 El Paso Natural Gas Company, L.L.C. 2022-01-01 2022-12-31 C000967 35 El Paso Natural Gas Company, L.L.C. 2022-10-01 2022-12-31 C000967 36 El Paso Natural Gas Company, L.L.C. 2022-01-01 2022-12-31 C000967 36 El Paso Natural Gas Company, L.L.C. 2022-10-01 2022-12-31 C000967 37 El Paso Natural Gas Company, L.L.C. 2022-01-01 2022-12-31 C000967 37 El Paso Natural Gas Company, L.L.C. 2022-10-01 2022-12-31 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Wojtalewicz Vice President and Controller 1001 Louisiana Street, Suite 1000, Houston, TX 77002 true false El Paso Natural Gas Company, L.L.C. (EPNG) was originally organized as a Delaware corporation on November 18, 1928. EPNG was converted to a Delaware limited liability company on August 6, 2012. Respondent is a natural gas pipeline company primarily engaged in open-access interstate transportation and storage of natural gas. Respondent's interstate pipeline system extends from the Permian Basin area of West Texas and Southeast New Mexico, the Texas-Oklahoma Panhandle area, the Anadarko Basin of Southwest Oklahoma and the San Juan Basin of Northwest New Mexico and Southwest Colorado through one or more of the states of Texas, Oklahoma, New Mexico, Colorado, Arizona, and California, as well as to points of termination at the boundary between the United States and Mexico in both Arizona and Texas. false NA NA NA NA NA NA NA NA NA NA Not Prepared 341726 1634147 860109 2835982 1703333 8145406 4287213 14135952 341726 1634147 860109 2835982 1703333 8145406 4287213 14135952 331152 1583485 833514 2748151 1650627 7892881 4154651 13698159 819/854 810 331152 1583485 833514 2748151 1650627 7892881 4154651 13698159 15384 73565 38724 127673 76682 366686 193018 636386 Various Various 15384 73565 38724 127673 76682 366686 193018 636386 35722 170813 89913 296448 178056 851417 448172 1477645 35722 170813 89913 296448 178056 851417 448172 1477645 -40532 -193716 -102042 -336290 -202032 -965578 -508628 -1676238 -40532 -193716 -102042 -336290 -202032 -965578 -508628 -1676238 Other Dispositions Gas due from shippers 40532 193716 102042 336290 202032 965578 508628 1676238 182.3/407.3 254/407.4 40532 193716 102042 336290 202032 965578 508628 1676238 El Paso Natural Gas Company, L.L.C. 2059060570 565071175 6330651 2987218 216475409 56696253 12769287 2330194 27182306 7140397 3900194 1071682 2325718417 635296919 2059060570 565071175 4250834 581924 216475409 56696253 11060266 3959387 28123563 7864555 Off System Compressor Fuel 444847 101364 Net Gas Used for Other Utility Operations 1063945 230429 Fuel & L&U Retention True Up -2192478 -658629 Line pack change -1145850 -960724 Park and Loan change 4183056 411407 Imbalance Adjustments 41117 27437 Operational Sales Recorded in Account 495 1079569 1069569 2322444848 634394147 3273569 902772 2325718417 635296919 16 31 32 33 34 35 36 37 Revaluation of Monthly Encroachment in Account 117.4 -7450727 Losses on Settlements of Gas Imbalances 27301223 Revaluation of Imbalances 2244809 Revaluation of FL&U -16547876 5547429 1 2 3 4 526559 526559 602550 602550 561466 561466 795334 795334 1151239 1151239 738665 738665 850058 850058 706358 706358 1168650 1168650 794016 794016 1715029 1715029 1450342 1450342 11060266 11060266 1641071 1641071 1762842 1762842 1633584 1633584 405872 405872 321747 321747 1036121 1036121 1176555 1176555 1370355 1370355 1090946 1090946 844997 844997 753016 753016 732181 732181 12769287 12769287 Gas Imbalance Due to Others 31505075 Environmental Reserve 3752969 Litigation Reserve 22084246 Deferred Water Lease Revenue 637368 Minor Items (less than $250,000) 6954 57986612 1 2 3 4 5 20998718 4166724 25165442 460735438 460735438 451812297 451812297 7450727 7450727 20998718 20540592 41539310 19412579 2385944 21798523 1.0817 8.6090 1.9056 10256140 539155 Gas Sales 16513756 27309051 12 Transportation Received from: El Paso Natural Gas Company, L.L.C (Daggett/Topock-Mojave, CA) Delivered to: Mojave Pipeline Company, L.L.C. (Daggett, CA) true Payment company: Mojave Pipeline Company, L.L.C. true 15719625 160914439 Received from: El Paso Natural Gas Company, L.L.C (El Paso Blanco San Juan) Delivered to: TransColorado Gas Transmission Company LLC (WRH, Ryan Gulch, Rio Blanco) true Payment company: TransColorado Gas Transmission Company LLC true 32526942 55560970 48246567 216475409 1 2 3 4 5 6 7 Regenerator Replacements 2655195 9813824 Cathodic Protection Projects 4878333 4343194 Smart Piggable Projects 3033639 5507371 Compressor Overhauls and Turbocharger Projects 5933881 884082 Pipe Replacements 2778503 433567 Plant Automation Projects 363184 688958 Miscellaneous Construction Projects Under $1,000,000 5212326 1153530 24855061 22824526 1 2 3 4 5 6 7 1645229 1645229 681196 681196 93672565 34259 93706824 2911305 2911305 97265066 34259 1645229 98944554 See Footnote 1 4133733494 4133733494 4133733494 4133733494 24855061 501698 501698 4159090253 4159090253 2056590319 2056590319 2102499934 2102499934 2046219035 2046219035 10179129 10179129 2056398164 2056398164 192155 192155 Environmental Reserve 8834693 Various 4415119 2200832 6620406 Deferred Park and Loan Revenue 8578667 489.2 20104869 17379476 5853274 Levelized Revenue 2217000 489.2 383556 191489 2024933 Deferred Water Lease Revenue 2204231 417 637368 1566863 21834591 25540912 19771797 16065476 1 2 3 4 15495650 25127057 40622707 70177800 19 2 197076 2022-12-23 366195 1529621 743400 2639216 1378028 5756117 2797489 9931634 366195 1529621 743400 2639216 1378028 5756117 2797489 9931634 337166 1407934 684047 2429147 1268789 5298196 2574138 9141123 819/854 810 337166 1407934 684047 2429147 1268789 5298196 2574138 9141123 22395 93518 45436 161349 84275 351918 170979 607172 Various Various 22395 93518 45436 161349 84275 351918 170979 607172 29094 121491 59027 209612 109484 457183 222124 788791 29094 121491 59027 209612 109484 457183 222124 788791 -22460 -93322 -45110 -160892 -84520 -351180 -169752 -605452 -22460 -93322 -45110 -160892 -84520 -351180 -169752 -605452 Other Dispositions Gas due from shippers 22460 93322 45110 160892 84520 351180 169752 605452 182.3/407.3 254/407.4 22460 93322 45110 160892 84520 351180 169752 605452 Account 489.2, Revenues from transportation of gas of others through transmission facilities. 97338642 223272753 501360152 1156608027 97338642 223272753 501360152 1156608027 1 Interconnect Imbalance 9324076 1606292 13421906 2682421 Pooling Imbalance 17712 4352 13240 2892 FT1 301873 9291 1572182 360285 FT2 212186 37549 348414 70185 FTH3 346846 48512 1240703 365774 FTH8 353598 50822 297907 74316 FTH12 914388 147049 1073305 159723 FTH16 826599 161206 902120 136323 IT1 2048369 208501 2035375 398915 Imbalance Cashouts 19798553 4057077 34144200 6330651 20905152 4250834 1 2 3 4 5 6 7 8 9 10 Kinder Morgan, Inc. M DE 1.00 Kinder Morgan GP LLC I DE 0.0242 Kinder Morgan Energy Partners, L.P. I DE 1.00 Kinder Morgan Operating LLC "A" D DE 1.00 1 2 3 4 Cross Country Development, L.L.C. J Gas Pipeline 0.55 Mojave Pipeline Company, L.L.C. D Gas Pipeline 1.00 Mojave Pipeline Operating Company, L.L.C. I Gas Pipeline 1.00 1 2 3 32499847 32499847 5609084 5609084 5609084 5609084 269257824 274866908 38108931 38108931 -32184900 -32184900 -32184900 -32184900 239258972 207074072 5924031 5924031 Amortization of intangible plant 1645229 1635127 Amortization of gas plant acquisition adjustment 11290 11290 Amortization of debt costs 371637 861785 Amortization of loss on reacquired debt 971312 Amortization of gain on reacquired debt -612 -610 2027544 3478904 1 2 3 4 5 Change in gas owed to system -16373868 -764869 Change in postretirement benefit plan assets -13350469 -12798743 Change in prepayments -10586 -1239933 Change in miscellaneous deferred debits 320547 489722 Accretion expense 225505 262395 Change in customer advances for construction 190054 37008 Change in other deferred credits -3704848 -2871918 Net (gain)/loss on disposition of property -2444367 -32703665 -19330705 1 2 3 4 5 6 7 8 Capital contributions from Member 11754012 16392335 Debt issuance costs -2369272 9384740 16392335 1 2 Distributions to Member 329085098 392559947 329085098 392559947 1 19311549 19311549 5924053 5924053 13239048 -6327667 451812297 363716854 460735438 345893597 159204502 137165354 6214198 4564849 165418700 141730203 22278664 -155555364 -102031896 -155555364 -102031896 65447 18383 52217 128135 77797 1038451 1161982 689108 657478 94539 97292 402506 477475 19094 20408 2390216 2610096 13493 43054 223 35919 588961 698022 28 1050 602705 778045 2992921 3388141 2992921 3388141 12484248 11774695 1481120 1503872 31958 32729 26198560 22331997 158515394 136507876 1152165 380291 24751830 23126993 6020445 5809163 47579994 5381860 4398602 30109247 29823893 314373394 283270105 2188972 1659980 88844 69100 91751113 58360057 11587803 12488049 1510287 1538067 1485 193501 117034 107322005 74232287 421695399 357502392 12996085 14188917 233226 158008 2930593 2203036 1498180 1567472 24074849 1474911 -2518914 -1967966 2857973 2497845 2362454 2161799 1669766 1442064 46104212 23726086 46104212 23726086 315237168 282584723 4134235192 4058044726 27847439 4085892165 1970558091 2115334074 2102499934 2115334074 11400000 11400000 642510 504510 56227258 58698980 143500245 172507677 210484993 242102147 49054 48585 84349705 69531084 715880 571606 1501610 1647780 47540005 39936149 19300963 25100357 4206703 178568160 135242870 3439168 1424675 46788615 47888713 153321132 130397586 29476971 28653198 233025886 208364172 2766118283 2726208705 1502346032 1524325393 34557081 19603395 1542827144 1582037719 500000000 460000000 299750000 299750000 149960 118818 799600040 759631182 2273659 2791890 2273659 2791890 29421934 25618845 4361836 4162219 12275240 14350197 36478679 25747573 6993991 13257254 24129713 147518292 107265801 15056420 16259506 463402 481210 65551599 66409867 5799 6411 116151572 101696438 60604880 67794090 273899148 274482113 2766118283 2726208705 Contributions from Member 11754012 Transfer from Account 216 224305286 Transfer from Account 236 48408162 Transfer from Account 186 22638277 Distributions to Member -329085098 -21979361 1 2 3 4 5 1524325393 1502346032 Federal Energy Regulatory Commission 2022 Annual Charge Adjustment (Amortized over 1 year) 3162308 3162308 3162308 182.3 790583 2371725 Federal Energy Regulatory Commission 2021 Annual Charge Adjustment (Amortized over 1 year) 2755554 2755554 2066661 182.3 2066661 Professional and Other Fees 729 729 729 232 729 5917862 729 5918591 2066661 3163037 2857973 2371725 1 2 3 -273806 331439 -273806 331439 2640479 2359812 777243415 778784831 779883894 781144643 2059060570 2100322875 27309051 24952583 27309051 24952583 2640479 2359812 804278660 804068853 806919139 806428665 2640479 2359812 804278660 804068853 806919139 806428665 101696438 14151050 304084 116151572 101696438 14151050 304084 116151572 14151050 304084 88729898 12565854 265887 101561639 12966540 1585196 38197 14589933 67794090 2953642 30149 219 10173001 60604880 67794090 2953642 30149 10173001 60604880 2953642 30149 10173001 59150165 2710843 26362 8895159 52992211 8643925 242799 3787 1277842 7612669 Willcox Lateral CP99-322 Incremental 33420887 18906585 1497693 1699670 897196 735260 448619 6760958 Willcox Expansion CP12-6 Incremental 51038755 16936672 2512233 2595653 1370154 1135616 696151 6481510 84459642 35843257 4009926 4295323 2267350 1870875 1144770 13242468 1 2 Arizona AZ Fully Owned and Operated by Respondent 4903.8 California CA Fully Owned and Operated by Respondent 93.5 Colorado CO Fully Owned and Operated by Respondent 21.7 New Mexico NM Fully Owned and Operated by Respondent 2781.1 Oklahoma OK Fully Owned and Operated by Respondent 45.9 Texas TX Fully Owned and Operated by Respondent 2406.1 10252.1 10252.1 1 2 3 4 5 6 7 8 9 10 11 24404 24404 2022-01-15 1992-01-01 18890387 260000000 Debentures - 8.625% Series Due January 2022 223611 58333 281944 2026-11-15 1996-11-13 1750000 200000000 Debentures - 7.5% Series Due November 2026 1011821 106506 1118327 2032-06-15 2002-06-10 2836278 300000000 Notes - 8.375% Issue Due June 2032 2203736 165536 2369272 2032-02-15 2022-02-23 2369272 300000000 Senior Notes - 3.5% Issue Due February 2032 2268 2268 2022-01-15 1992-01-01 1755000 260000000 Debentures - 8.625% Series Due January 2022 105450 11100 116550 2032-06-15 2002-06-10 333000 300000000 Notes - 8.375% Issue Due June 2032 44510 3490 48000 2032-02-15 2022-02-23 48000 300000000 Senior Notes - 3.5% Issue Due February 2032 2 3 4 5 7 9 10 11 41117 10464 Shared Services Allocations 2310873 6 0 <div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">1. None.</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">2. None.</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">3. None.</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">4. None.</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">5. None.</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">6. None.</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">7. None.</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">8. None.</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">9. See page 122.1, Notes to Financial Statements, Note 9, "Litigation, Environmental and Commitments."</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">10. None.</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">11. </font><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">See page 122.1, Notes to Financial Statements, Note 8, "Rate and Regulatory Matters."</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">12. Changes made during the year ended December 31, 2022:</font></p> <p><font style="font-family: arial, helvetica, sans-serif;"><font style="font-size: 21.3333px;">Appointments:</font></font></p> <p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif;"><font style="font-size: 21.3333px;">Thomas P. Otjen - Vice President</font></font></p> <p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif;"><font style="font-size: 21.3333px;">Gina Mabry - Vice President</font></font></p> <p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif;"><font style="font-size: 21.3333px;">Vicki A. Phillips - Vice President</font></font></p> <p><font style="font-family: arial, helvetica, sans-serif;"><font style="font-size: 21.3333px;">Resignations:</font></font></p> <p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif;"><font style="font-size: 21.3333px;">Meli Armstrong - Vice President</font></font></p> <p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif;"><font style="font-size: 21.3333px;">Gene Nowak - Vice President</font></font></p> <p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif;"><font style="font-size: 21.3333px;">Greg Ruben - Vice President</font></font></p> <p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif;"><font style="font-size: 21.3333px;">Jorge Torres - Vice President</font></font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">13. N/A.</font></p></div> 1 2212890 -13350469 Health and life insurance 6031372 Long-term disability insurance 147046 401K Employer contributions 2421200 Other 19047 6 7 8 9 Abrams Technical Services Inc 275266 Acuren Inspection Inc 471670 Ark Engineering & Technical 463267 Baywater Pipeline Services LLC 277235 Bowen Industrial Contractors 531370 Bracewell LLP 443277 Camunez Construction Company 648290 Chemical Weed Control Inc 321819 CNG Direct LLC 290590 Cooper Machinery Services LLC 470919 Corrpro Companies Inc 524986 Eagle Compression LLC 561205 Enviroserve Inc 689300 eX eL Pipeline Services LLC 1265579 Gallup Pipeline & Compliance 729132 Horizon Power Systems 502148 International Inspecting Inc 832473 Iron Horse Energy Services Inc 1132829 K&K Inc 268218 Mobile Mini Tank and Pump 383197 Modrall Sperling Roehl Harris 337778 Natural Energy Field Services 482817 Onshore Quality Control 565738 PAL-CON Ltd 5558932 PSI 519465 Rain For Rent 291767 Reserve Compression Corp 364145 RRC Energy Services LLC 430966 Solar Turbines Incorporated 2300205 Sulzer Turbo Services Houston 1728488 Taft Electric Inc 466862 The Loftis Company 855390 Tierra Corrosion Control Inc 1001223 UPD Midstream Services Inc 3603492 Warren Averett Staffing 327093 West States Energy Contractors 908453 Western Industrial Resources 4914374 WHC LLC 2940587 Other (less than $250,000) 12638992 51319537 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 Washington Ranch - New Mexico Underground Storage 255750 62861642 true 1 493780 493780 31891147 31891147 12996085 12996085 45381012 45381012 9838 9838 17305185 17305185 17315023 17315023 503618 503618 49196332 49196332 12996085 12996085 62696035 62696035 62696035 62696035 2981811 2981811 2981811 2981811 247520 247520 247520 247520 Account 186 352265 352265 352265 352265 66277631 66277631 11 1 Income Tax Gross-Up on AFUDC Equity Remaining life of assets Docket No. AI93-5-000 issued April 23, 1993 (Accounting for Income Taxes) 8313471 401339 407.3 378155 8336655 FERC Annual Charge Adjustment 12 months ending September 30 18 CFR 154.402(a) and 18 CFR 382.202 2066661 3162308 928 2857244 2371725 ASC 740 Regulatory Asset Tax Rate Change Amortize over 22.6 years beginning January 2023 Docket No. RP19-73-006 547181 547181 Unfunded Deferred State Income Taxes 30 years beginning January 2006 Docket No. RP08-426 and RP10-1398 2904384 407.3 207456 2696928 Asset Retirement Obligations Docket No. RM02-7-000 (Order No. 631) issued on April 9, 2003 2682092 259764 230 743736 2198120 Loss on East Valley Line Sale Amortized using the transmission depreciation rate of 2.20% Docket No. CP07-09-000 and RP10-1398 3151351 407.3 90805 3060546 Cashout Tracker Section 10.3 of the General Terms and Conditions of our tariff 16260599 7191358 Various 23451957 Fuel Tracker Remaining balance at end of current filing period will be recovered through adjustments to future period fuel retention rates. Docket No. RP05-422 12510155 34766220 407.3 19698915 27577460 46328170 47428268 1 2 3 4 5 6 7 8 FT1 134364534 201540 51033335 51234875 184760948 277143 51487618 51764761 181689026 272534 53025612 53298146 FT2 251218 377 109213 109590 619097 929 245143 246072 618968 929 270741 271670 FTH12 6775950 10166 4555932 4566098 6866439 10300 3315448 3325748 8015917 12024 3310707 3322731 FTH16 4114415 6171 2924708 2930879 3061264 4592 1988022 1992614 3370959 5056 1963045 1968101 FTH3 1393203 2175 2000408 2002583 7680255 11520 5782385 5793905 10115424 15174 6677097 6692271 FTH8 2025343 3038 1784178 1787216 1072858 1609 1118757 1120366 1176145 1764 1116520 1118284 IHSW 14884 14884 75581 75581 101697 101697 IT1 1763018 2647 306928 309575 1864269 2796 372525 375321 3471925 5208 548532 553740 PAL 2250834 2250834 1787271 1787271 1897902 1897902 150687681 226114 64980420 65206534 205925130 308889 66172750 66481639 208458364 312689 68911853 69224542 1 2 3 4 5 6 7 8 9 Distributions of Earnings to Member 211 -224305286 -271150369 1 19603395 21495940 232831477 263133209 6427495 6124615 34557081 6427495 6124615 6427495 6124615 Directly Charged Salaries and Wages Kinder Morgan, Inc. Various 62697758 Other Compensation and Benefits Kinder Morgan, Inc. Various -3483838 Shared Services Kinder Morgan, Inc. Various 16577280 Construction Overheads Kinder Morgan, Inc. Various 9352098 Transportation of Gas TransColorado Gas Transmission Company LLC 858 32526942 Transportation of Gas Mojave Pipeline Company, L.L.C. 858 15719625 133389865 Transportation Revenue KM Gas Marketing, LLC Various 2677163 Transportation Revenue Kinder Morgan Texas Pipeline LLC Various 135306 2812469 2 3 4 5 6 7 10 11 Other (less than $250,000) 9922 9922 Environmental reserve 1449982 1449982 Intercompany promissory note (1.466% interest rate) 381160 381160 Third party deposit interest (FERC interest rate) 457086 Penalty crediting reserve (FERC interest rate) 167394 Trustee fees 21140 645620 1 3 5 7 9 10 12 13 15 16 18 19 20 21 43640 43640 13141930 1026748 314640 13854038 13185570 1026748 314640 13897678 3106791 3106791 1782885 1782885 15378020 28616 15406636 45071 45071 8669164 186148 15562 8839750 29500091 326616 25569 29801138 1628245 1628245 1141656 1141656 1109470 1109470 62361393 541380 41131 62861642 62361393 541380 41131 62861642 13166532 13166532 92720188 112330 93223 92739295 57934184 302069 57251 58179002 2296724199 21988099 1282292 218 2317430224 1278372806 53191329 3464697 -689757 1327409681 138215549 3637045 134515 141718079 58913271 218772 4520 125174 59252697 10341410 10341410 516444 105974 410470 3946904583 79449644 5142472 -564365 4020647390 9689149 46882 61046 9674985 206633 567679 564365 203319 16413113 1810011 678026 17545098 7065158 408984 454296 18183 7038029 18183 -18183 1699246 166107 1865353 35091482 2431984 1761047 564365 36326784 35091482 2431984 1761047 564365 36326784 4057543028 83449756 7259290 4133733494 4057543028 83449756 7259290 4133733494 62862 0.0109 4018063 0.0000 36314 0.0000 Intangible Plant (footnote details) 13854 0.0000 Other Gas Storage (footnote details) 9 10 819, 854 28568410 812 Gas Used for Other Utility Operations - Credit (Report separately for each principal use. Group minor uses.) Mains Expense 856 1052562 6129573 Construction 107 11383 84625 29632355 5 6 7 Arizona IT1 1963 1968 515963 578107 517926 580075 1474212 1665015 Arizona FT1 305457 301034 143613161 150073067 143918618 150374101 238589522 268783928 Arizona FT2 1250 1313 554412 649746 555662 651059 975366 1163682 Arizona FTH3 54523 34530 27131629 27513128 27186152 27547658 41459759 30370725 Arizona FTH8 21256 21973 15468068 15541357 15489324 15563330 16802915 19628010 Arizona FTH12 79371 74639 40131303 40215168 40210674 40289807 62328627 66735927 Arizona FTH16 10123 11201 5468934 5504277 5479057 5515478 8174100 10070656 Arizona IHSW 249548 120794 249548 120794 California IT1 942 796 243629 255355 244571 256151 631284 714432 California FT1 794341 746203 288346138 276607816 289140479 277354019 621246429 663626062 California FTH12 363 3616 3585 197785 3948 201401 278434 3279789 California FTH16 637 27064 27701 531154 Nevada IT1 71 1493 21244 488523 21315 490016 59011 1357009 Nevada FT1 2200 10528 445014 2643794 447214 2654322 1806047 9440153 New Mexico IT1 1076 1141 256865 289903 257941 291044 816539 1023566 New Mexico FT1 100855 79170 27242418 27162115 27343273 27241285 77863912 70000882 New Mexico FT2 3805 3063 1144832 1024218 1148637 1027281 2930821 2710123 New Mexico FTH3 81 81 New Mexico FTH8 57 293 755 5559 812 5852 47797 261164 New Mexico FTH12 12648 9451 5155049 5325781 5167697 5335232 9831930 8431756 New Mexico IHSW 1892 598 1892 598 Texas IT1 2032 2737 400165 643481 402197 646218 1534437 2463860 Texas FT1 135353 98890 34033414 34559093 34168767 34657983 105500168 87861027 Texas FT2 681 549 180549 166697 181230 167246 521117 487400 Texas FTH3 15365 14023 15667322 15763554 15682687 15777577 11911586 12420874 Texas FTH8 565 404 10068 11396 10633 11800 450726 361248 Texas FTH12 9398 6594 3571120 3569143 3580518 3575737 7142722 5841997 Texas FTH16 53703 47731 25253002 25318856 25306705 25366587 42466404 42549145 Texas IHSW 43344 75835 43344 75835 Production Area IT1 15575 18609 1192986 1708557 1208561 1727166 11756989 16706137 Production Area FT1 1010338 862205 100171670 99086240 101182008 99948445 786915640 767362399 Production Area FT2 288 233 75649 72151 75937 72384 219711 206531 Production Area FTH8 2983 2179 2129601 2125515 2132584 2127694 2347687 1947259 Production Area FTH12 3043 2068 308527 306643 311570 308711 2354310 1851486 Production Area FTH16 854 541 2516 1925 3370 2466 622368 469479 Production Area IHSW 223268 284537 223268 284537 Wilcox FT1 13242468 13284587 13242468 13284587 Park and Loan 24743307 27582385 24743307 27582385 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 1059 1059 1487 1487 1066 1066 1767237 1767237 2156727 2156727 17164149 17164149 1767237 1767237 2156727 2156727 17164149 17164149 150687681 226114 66748716 66974830 205925130 308889 68330964 68639853 208458364 312689 86077068 86389757 Advance of Deferred Income Taxes to Member 125171384 22638277 147809661 Revenue Levelization 3344808 142 461353 2883455 Park and Loan Accrual 4487 1482079 Various 1341273 145293 Other Items Less than $250,000 33334 40000 142 40000 33334 1843573 2449389 24160356 1842626 1 2 3 4 409894 1516772 810215 2736881 2690380 9955485 5317927 17963792 See Footnote 409894 1516772 810215 2736881 2690380 9955485 5317927 17963792 402551 1489278 795428 2687257 2642184 9775025 5220871 17638080 819/854 810 402551 1489278 795428 2687257 2642184 9775025 5220871 17638080 16715 61842 33031 111588 109711 405904 216803 732418 Various Various 16715 61842 33031 111588 109711 405904 216803 732418 59427 219858 117427 396712 390055 1443060 770744 2603859 59427 219858 117427 396712 390055 1443060 770744 2603859 -68799 -254206 -135671 -458676 -451570 -1668504 -890491 -3010565 -68799 -254206 -135671 -458676 -451570 -1668504 -890491 -3010565 Other Dispositions Gas due from shippers 68799 254206 135671 458676 451570 1668504 890491 3010565 182.3/407.3 254/407.4 68799 254206 135671 458676 451570 1668504 890491 3010565 517609697 19641491 537251188 806919139 806428665 207312458 207574391 207312458 207574391 107924710 75010332 107924710 75010332 97265066 95334142 97265066 95334142 34259 42759 34259 42759 1645229 1635127 1645229 1635127 11290 11290 11290 11290 25051921 5426894 25051921 5426894 19809444 26385521 19809444 26385521 40006952 42859491 40006952 42859491 46904175 50329153 46904175 50329153 9527618 10476512 9527618 10476512 17156424 21941558 17156424 21941558 3843321 1618944 3843321 1618944 -17808 -17808 -17808 -17808 225505 262395 225505 262395 529395034 482881771 529395034 482881771 277524105 323546894 277524105 323546894 2980600 2755240 138000 137999 1382528 343175 1266127 947951 6122012 1910474 2444367 18040762 14387823 23162 469619 1459904 492781 2391154 2817052 343506 411678 1187656 640697 599532 3922316 3269895 12658542 10625147 50021771 62529063 371637 861785 971312 612 610 919471 495901 366804 50923675 64914217 239258972 269257824 Federal Income Tax Federal Tax Federal 2508052 49295329 -40578686 11224695 46904175 2391154 Subtotal Federal Tax 2508052 49295329 -40578686 11224695 46904175 2391154 State Income Tax - Arizona State Tax Arizona 249972 5045425 -4227306 1068091 4859959 185466 0.0206 State Income Tax - California State Tax California 37076 475960 -398783 114253 458464 17496 0.0019 State Income Tax - Colorado State Tax Colorado 690 159306 -133474 26522 153450 5856 0.0007 State Income Tax - New Mexico State Tax New Mexico 184901 3560038 -2982775 762164 3429173 130865 0.0145 State Income Tax - Oklahoma State Tax Oklahoma 6013 104002 -87138 22877 100179 3823 0.0004 Texas Margin Tax State Tax Texas 2021 673721 -35793 637928 -35793 Texas Margin Tax State Tax Texas 2022 562186 562186 562186 Subtotal State Tax 1152373 9871124 637928 -7829476 2556093 9527618 343506 Ad Valorem Tax - Arizona Ad Valorem Tax Arizona 2021 9966247 -517493 9448754 -517493 Ad Valorem Tax - Arizona Ad Valorem Tax Arizona 2022 19097637 9267922 9829715 19097637 Ad Valorem Tax - California Ad Valorem Tax California 2021 275739 -3563 272176 -3563 Ad Valorem Tax - California Ad Valorem Tax California 2022 369519 184605 184914 369519 Ad Valorem Tax - Colorado Ad Valorem Tax Colorado 2021 340000 7126 347126 7126 Ad Valorem Tax - Colorado Ad Valorem Tax Colorado 2022 407000 407000 407000 Ad Valorem Tax - New Mexico Ad Valorem Tax New Mexico 2021 3086115 2848561 237554 Ad Valorem Tax - New Mexico Ad Valorem Tax New Mexico 2022 5118017 2612571 2505446 5118017 Ad Valorem Tax - North Carolina Ad Valorem Tax North Carolina 2022 4982 4982 4982 Ad Valorem Tax - Oklahoma Ad Valorem Tax Oklahoma 2021 92653 92653 Ad Valorem Tax - Oklahoma Ad Valorem Tax Oklahoma 2022 178967 89483 89484 178967 Ad Valorem Tax - Texas Ad Valorem Tax Texas 2021 7882249 -18377 7679872 184000 -18377 Ad Valorem Tax - Texas Ad Valorem Tax Texas 2022 8515282 839644 7675638 8515282 Ad Valorem Tax - Native American Tribes Ad Valorem Tax Native American Tribes 2021 112000 734 112734 734 Ad Valorem Tax - Native American Tribes Ad Valorem Tax Native American Tribes 2022 1378567 171567 1207000 1378567 Subtotal Ad Valorem Tax 21755003 34538398 33972650 22320751 34538398 Use Tax - Arizona Sales And Use Tax Arizona 2022 -4706 59905 55199 59905 Use Tax - Colorado Sales And Use Tax Colorado 2022 148 148 148 Use Tax - New Mexico Sales And Use Tax New Mexico 2022 -2310 76216 73906 4 76212 Use Tax - Texas Sales And Use Tax Texas 2022 -38814 780740 742909 -983 675 780065 Subtotal Sales and Use Tax -45830 917009 872014 -835 679 916330 Payroll - FICA Tax Payroll Tax Federal 2022 4095598 4095598 4095598 Payroll - Unemployment Tax Payroll Tax Federal 2022 102720 102720 102720 Subtotal Payroll Tax 4198318 4198318 4198318 Business Activity Tax Other Taxes Navajo Nation 2021 378000 -44530 333470 -44530 Business Activity Tax Other Taxes Navajo Nation 2022 1301447 923447 378000 1301447 Subtotal Other Tax 378000 1256917 1256917 378000 1256917 Franchise and Occupation Tax Franchise Tax Various 2022 -25 12640 12640 -25 12640 Subtotal Franchise Tax -25 12640 12640 -25 12640 100089735 40950467 -48408162 96438745 2734660 916330 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 Net salvage/(cost of removal) 5283842 3618865 Change in customer advances for construction 481530 -14455621 5765372 -10836756 1 2 97437325 95514900 14500759 20363779 -17808 -17808 35710379 2577344 7603856 127174 84899220 70141385 -903543 15397524 708944 526173 1266127 947951 0 0 362434472 420884459 80658122 79377482 1266127 947951 85157367 67592775 20444367 2471722 3727082 -1295517 -82685645 -44716843 299952000 309336740 16392335 260000000 -279748358 -376167612 469 4 48585 48581 49054 -5799 -6411 17500 300000000 2003-10-15 2032-06-15 Debentures - 8.375% Due 2032 3 2023-03-02 617956 4727334 5345290 -10116 2408 -7708 Pool displacement -28590 -33484 -62074 579250 4696258 5275508 10303 83533 93836 Operational Balancing Agreement 150140 1170 151310 Park and Loan 66683 66683 160443 151386 311829 2023-03-01 1814544 13815879 15630423 -16160 30575 14415 Pool displacement -130860 -90668 -221528 1667524 13755786 15423310 18153 149751 167904 Operational Balancing Agreement 294411 73542 367953 Park and Loan 147173 147173 312564 370466 683030 <div><p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">1. Construction Overhead</font></p> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">(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 class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">(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 class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">(c) Costs are accumulated in a blanket overhead project and distributed monthly to individual construction projects.</font></p> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">(d) Different overhead rates are applied based on the nature of the construction project.</font></p> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">(e) The basis for the differentiation in overhead rates stems from the economies of scale that are achieved with these projects.</font></p> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">(f) Overheads are directly assigned to each project.</font></p> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">2. Allowance for Funds Used During Construction</font></p> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Allowance for funds used during construction is calculated below.</font></p> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">3. Net-of-Tax rate for borrowed funds</font></p> <p class="MsoNormal"><font style="font-size: 16.0pt; line-height: 107%; font-family: 'Arial',sans-serif;">Not Applicable</font></p></div> 759631182 El Paso Natural Gas Company, L.L.C 0.3298 0.0849 1543928788 El Paso Natural Gas Company, L.L.C 0.6702 0.1055 2303559970 1.0000 17609284 El Paso Natural Gas Company, L.L.C 0.0280 0.0707 0.0280 0.0707 934375 0.08625 2022-01-15 1992-01-16 Debentures - 8.625% Series Due January 2022 15000000 0.07500 200000000 2026-11-15 1996-11-13 Debentures - 7.5% Series Due November 2026 8983333 0.03500 300000000 2032-02-15 2022-02-23 Senior Notes - 3.5% Series due February 2032 24917708 381160 0.01466 2022-04-01 2022-01-03 Intercompany Promissory Note 381160 25104063 0.08375 299750000 2032-06-15 2002-06-10 Notes - 8.375% Issue Due June 2032 25104063 50402931 799750000 2 3 4 9 12 28653198 1677196 853423 29476971 28653198 1677196 853423 29476971 1677196 853423 24999832 1520708 746223 25774317 3653366 156488 107200 3702654 28410076 Assets Capitalized for Tax Not Book 10234169 Contribution in Aid of Construction 192371 Capitalized Interest 38836616 62470846 Federal Income Tax 1325242 State Deferred Income Tax 98955844 Book Depreciation & Amortization 138000 Book Depreciation - NonUtility 15211818 Litigation Reserve 90805 Amortization of Regulatory Assets 461353 Deferred Revenue 207456 Regulatory Amortization - DSIT 20019 Other 178881383 23184 AFUDC Equity - Regulatory Asset 495901 AFUDC - Book Capitalized Interest 1266127 AFUDC Equity - Book Capitalized Interest 8268419 Capitalized OH - Book 142585 Environmental Reserve 13350469 ASC 715 Pension Major Medical Accrual 17808 Amortization - Deferred Investment Tax Credit 34259 Book Depreciation ASC 410 642889 Amortization of Regulatory Liabilities 5080235 Regulatory Amortization - DFIT 3554828 Deferred Revenue 10586 Right of Way Amortization 122842 Amortization of Debt Related Charges 33010132 189004000 Tax Depreciation & Amortization 5699413 Dismantling Costs 474532 Tax Depreciation - NonUtility -210999 Equity Investment in Partnership 194966946 228999893 48089978 21% of Taxable Income 1205351 Return to Provision 49295329 Federal Income Tax - Current 5 6 7 10 11 12 13 14 15 16 17 18 21 22 23 24 25 26 27 28 29 30 31 32 33 36 37 38 39 43 44 45 46 47 48 Deferred Income Tax Rate Adjustment (amortized through September 2043) 35114884 Various 6622367 28492517 Havasu Depreciation (amortized over 45.5 years beginning May 2002) 9564356 407.4 455446 9108910 Samalayuca Depreciation (amortized over 45.5 years beginning January 2006) 5529581 407.4 187443 5342138 Deferred Federal Income Taxes (amortized over 30 years beginning January 2006) 1075368 407.4 76812 998556 ASC 740 Regulatory Liability Tax Rate Change 51732 51732 Medicare Subsidy 9136572 9136572 Overrun Penalties 5989106 Various 6688777 6381162 5681491 Cashout Tracker 4904046 4904046 Fuel Tracker 407.4 8040 1843677 1835637 14038885 13180617 1 2 3 4 5 6 7 8 9 1961528686 1961528686 97265066 97265066 34259 97299325 97299325 6944650 6944650 5994469 5994469 295056 295056 12644063 12644063 Intercompany Cost of Removal Transfer 235 235 Intercompany Vehicle Transfer -35322 -35322 2046219035 2046219035 39307862 39307862 1978258564 1978258564 28652609 28652609 11 11 11 Mojave Pipeline Company, L.L.C. Capital Contribution 2010-11-30 58698980 2471722 56227258 Unappropriated Undistributed Subsidiary Earnings 6427495 6427495 Subtotal 58698980 6427495 8899217 56227258 56227258 8899217 1 2 6 13 William E. Morgan Vice President, Operational Controller /s/ William E. Morgan 2023-04-13 2 El Paso Natural Gas Company, L.L.C. C000967 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 FERC Form 2 EPNG System Map 2023.pdf Washington - New Mexico & Texas Underground Storage Compressor Stations 2 9000 31528746 689108 1134333 124442 PT4684H 2 2022-08-02 Subtotal Underground Storage Compressor Stations 2 9000 31528746 689108 1134333 124442 PT4684H 2 Alamo Lake - Arizona Transmission Compressor Stations 2 20500 30852745 2500342 361789 413736 PT5058H 2 2022-06-22 Bowie - Arizona Transmission Compressor Stations 1 12780 10712387 1586431 227554 303474 PT4462H 1 2022-02-24 Casa Grande - Arizona Transmission Compressor Stations 5 33710 28461983 136270 329319 26511 PT727H 1 2022-12-13 Castle Dome - Arizona Transmission Compressor Stations 1 1590 4355991 40873 83039 7097 PT791H 1 2022-11-04 Cimarron - Arizona Transmission Compressor Stations 1 15000 14618053 623864 199410 114082 Dilkon - Arizona Transmission Compressor Stations 2 27450 26483944 6432160 191669 1041647 PT11222H 2 2022-07-21 Dragoon - Arizona Transmission Compressor Stations 1 14321 42274700 1633489 34773 319316 PT4240H 1 2022-12-22 Dutch Flat - Arizona Transmission Compressor Stations 2 12150 17032007 626127 256707 98354 PT2068H 2 2022-07-29 Flagstaff - Arizona Transmission Compressor Stations 2 11000 11175557 30725 120039 5800 PT54H 2 2022-09-12 Hackberry - Arizona Transmission Compressor Stations 2 15270 17427729 4000713 263970 708153 PT10272H 2 2022-08-19 Leupp - Arizona Transmission Compressor Stations 18 43260 52225854 7476817 1894678 1320434 PT81690H 12 2022-10-12 Navajo - Arizona Transmission Compressor Stations 4 41020 48752798 3560159 243540 681814 PT8454H 2 2022-01-02 Oracle - Arizona Transmission Compressor Stations 1 13450 7842231 4575941 96687 838613 PT7913H 1 2022-12-12 Picacho Station - Arizona Transmission Compressor Stations 3 8290 29449837 328 103151 50 PT4H 1 2022-09-04 San Simon - Arizona Transmission Compressor Stations 3 20010 9371679 2977608 185347 526588 PT9487H 2 2022-02-24 Seligman - Arizona Transmission Compressor Stations 2 22110 25055748 1144886 70376 181796 PT2074H 2 2022-09-13 Tom Mix - Arizona Transmission Compressor Stations 2 20620 20049928 25 33626 4 Vail - Arizona Transmission Compressor Stations 3 20010 29215283 274064 145691 51050 PT1179H 2 2022-03-09 Wenden - Arizona Transmission Compressor Stations 2 15760 24353660 3407225 466241 606615 PT8908H 2 2022-07-15 Willcox - Arizona Transmission Compressor Stations 2 28000 42822876 3452457 1007264 614685 PT8735H 1 2022-03-02 Williams - Arizona Transmission Compressor Stations 6 43400 35455451 8821682 1536964 1579667 PT23680H 4 2022-09-09 Window Rock - Arizona Transmission Compressor Stations 13 36000 45719910 7787610 2127966 1372311 PT65154H 9 2022-12-01 Bondad - Colorado Transmission Compressor Stations 3 18825 19622079 4676785 242020 841810 PT22012H 3 2022-08-05 Afton - New Mexico Transmission Compressor Stations 3 21450 14492569 3535542 320623 660952 PT10677H 2 2022-11-22 Belen - New Mexico Transmission Compressor Stations 2 11400 9452496 1292428 327940 242081 PT5498H 2 2022-09-27 Blanco Plant - New Mexico Transmission Compressor Stations 14 15400 53949112 1001803 386534 184437 PT21788H 3 2022-12-10 Bluewater - New Mexico Transmission Compressor Stations 3 21000 13825626 2705963 273609 495857 PT11933H 2 2022-05-23 Caprock - New Mexico Transmission Compressor Stations 2 12740 14752952 2223679 227455 421498 PT6954H 2 2022-01-10 Eunice - New Mexico Transmission Compressor Stations 4 21672 52090704 3320498 719344 571914 PT17447H 3 2022-08-16 Florida - New Mexico Transmission Compressor Stations 5 46900 52592024 7340011 502492 1330880 PT22244H 4 2022-12-14 Gallup - New Mexico Transmission Compressor Stations 2 34810 29534799 30 99991 4 Laguna - New Mexico Transmission Compressor Stations 3 10200 9723953 582677 606502 129963 PT5703H 2 2022-12-28 Lincoln - New Mexico Transmission Compressor Stations 1 10680 17167102 3522992 214514 638654 PT7652H 1 2022-08-02 Lordsburg - New Mexico Transmission Compressor Stations 4 39560 32145085 5658723 476870 1027339 PT16164H 3 2022-11-20 Monument - New Mexico Transmission Compressor Stations 6 8000 13413263 1037556 773521 183959 PT20685H 4 2022-09-19 Pecos River - New Mexico Transmission Compressor Stations 3 21450 20456186 5657990 431924 1017299 PT15895H 3 2022-11-18 Red Mountain - New Mexico Transmission Compressor Stations 1 14321 40028796 326657 364242 71243 PT675H 1 2022-09-06 Rio Vista - New Mexico Transmission Compressor Stations 3 7820 14810236 259976 165497 38498 PT2422H 2 2022-05-03 Roswell - New Mexico Transmission Compressor Stations 3 10200 14655157 1719481 968978 316152 PT11821H 2 2022-06-15 San Juan River Mainline - New Mexico Transmission Compressor Stations 3 3480 5699952 194 90813 40 PT1H 1 2022-02-17 White Rock - New Mexico Transmission Compressor Stations 2 23610 35710109 47 121579 7 PT1H 2 2022-11-10 Amarillo - Texas Transmission Compressor Stations 2 5400 4901360 48983 314770 7933 PT712H 1 2022-12-31 Black River - Texas Transmission Compressor Stations 1 15000 14231802 66 198761 16 PT2H 1 2022-01-12 Cornudas - Texas Transmission Compressor Stations 6 52330 55396644 12357483 690539 2240058 PT29926H 5 2022-12-13 Dimmitt - Texas Transmission Compressor Stations 5 6750 5219795 1011326 540495 176613 PT19466H 3 2022-08-07 Dumas - Texas Transmission Compressor Stations 2 11000 13068816 1303500 230505 221103 PT6416H 1 2022-05-08 El Paso - Texas Transmission Compressor Stations 5 58880 52985543 5838633 -864564 1062766 PT15533H 4 2022-07-20 Gresham - Texas Transmission Compressor Stations 1 9800 9027243 25 59097 5 Guadalupe - Texas Transmission Compressor Stations 1 31050 20513757 11128859 482631 1998327 PT8599H 1 2022-11-03 Hueco - Texas Transmission Compressor Stations 3 21450 25177300 6375406 482560 1142980 PT19568H 3 2022-12-23 Keystone Mainline - Texas Transmission Compressor Stations 15 24051 29092705 3127504 1894615 570895 PT53826H 10 2022-03-24 Plains - Texas Transmission Compressor Stations 15 25450 18547747 3754520 1688093 677076 PT58964H 10 2022-03-08 Puckett - Texas Transmission Compressor Stations 1 2700 7129797 103 237677 14 PT2H 1 2022-05-23 Schafer (Getty) - Texas Transmission Compressor Stations 3 6000 4476841 532111 348488 90814 PT9431H 2 2022-05-21 Waha - Texas Transmission Compressor Stations 5 14640 39030248 6126 1152165 753151 1467 21968400 PT7535H 2 2022-01-01 Wink - Texas Transmission Compressor Stations 3 23100 27568738 4634518 192900 824670 PT16380H 3 2022-06-20 Subtotal Transmission Compressor Stations 213 1136820 1364200887 156071991 1152165 24543966 27999121 21968400 PT702104H 141 1395729633 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 <div><!--?xml version="1.0" encoding="utf-8" standalone="no"?--> <p><font style="font-family: Arial; font-weight: bold; font-size: 16pt; text-align: justify;">1. General</font></p> <div class="Section1"> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We are a Delaware limited liability company, originally formed in 1928 as a corporation. When we refer to "us," "we," "our," "the Company," or "EPNG" we are describing El Paso Natural Gas 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: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Our primary business consists of the interstate transportation and storage of natural gas. Our system consists of approximately 10,250 miles of transmission pipeline with a design capacity of approximately 6.39 billion cubic feet per day (Bcf/d). Our system extends from the San Juan, Permian and Anadarko basins to California, our single largest market, as well as markets in Arizona, Nevada, New Mexico, Oklahoma, Texas and northern Mexico. The design capacity for natural gas reflects winter sustainable west-flow capacity of approximately 4.88</font> <font style="font-family: Arial;">Bcf/d and approximately 1.51</font> <font style="font-family: Arial;">Bcf/d of non-mainline capacity.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt; text-align: justify;"><font style="font-family: Arial;">We utilize our Washington Ranch underground natural gas storage facility located in New Mexico to manage our transportation needs. This storage facility has up to approximately 44</font> <font style="font-family: Arial;">Bcf</font> <font style="font-family: Arial;">of underground working natural gas storage capacity.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; 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: 14pt; 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: 14pt; 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 (U.S.) (GAAP).</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; 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, (iii) subsidiaries are reflected on the equity method whereas GAAP requires that all controlled subsidiaries be consolidated, and (iv) the inclusion and classification of income taxes in a limited liability company's financial statements.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Management has evaluated subsequent events through April 13, 2023, the date the financial statements were available to be issued.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic; font-size: 16pt;">Use of Estimates</font></p> </div> <div class="Section2"> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Certain amounts included in or affecting our financial statements and related disclosures must be estimated, requiring us to make certain assumptions with respect to values or conditions which cannot be known with certainty at the time our financial statements are prepared. These estimates and assumptions affect the amounts we report for assets and liabilities, our revenues and expenses during the reporting period, and our disclosures, including those related to contingent assets and liabilities at the date of our financial statements. We evaluate these estimates on an ongoing basis, utilizing historical experience, consultation with experts and other methods we consider reasonable in the particular circumstances. Nevertheless, actual results may differ significantly from our estimates. Any effects on our business, financial position or results of operations resulting from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Certain accounting policies are of more significance in our financial statement preparation process than others, and set out below are the principal accounting policies we apply in the preparation of our financial statements.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; 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: 14pt; 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: 14pt; 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: 14pt; 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: 14pt; 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. 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: 14pt; 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></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Inventories</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Our inventories, which consist of materials and supplies, are valued at weighted-average cost, and we periodically review for physical deterioration and obsolescence.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic; font-size: 16pt;">Natural Gas Imbalances</font></p> </div> <div class="Section3"> <p style="margin-top: 14pt; margin-bottom: 14pt; 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 or storage facility 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: 14pt; 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: 14pt; 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> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We use the composite method to depreciate property, plant and equipment. Under this method, assets with similar economic characteristics are grouped and depreciated as one asset. The FERC-accepted depreciation rate is applied to the total cost of the group until the net book value equals the salvage value. For certain general plant, the asset is depreciated to zero. As part of periodic filings with the FERC, we also re-evaluate and receive approval for our depreciation rates. When property, plant and equipment is retired, accumulated depreciation and amortization is charged for the original cost of the assets in addition to the cost to remove, sell or dispose of the assets, less salvage value. We do not recognize gains or losses unless we sell land or an entire operating unit (as approved by the FERC).</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Included in our property balances are base gas and working gas at our storage facility. We periodically evaluate natural gas volumes at our storage facility for gas losses. When events or circumstances indicate a loss has occurred, we recognize a loss on our income statement or defer the loss as a regulatory asset on our balance sheets if deemed probable of recovery through future rates charged to customers.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; 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 average cost of debt. 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: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic; font-size: 16pt;">Asset Retirement Obligations (ARO)</font></p> </div> <div class="Section4"> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We record liabilities for obligations related to the retirement and removal of long-lived assets used in our businesses. 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: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We are required to operate and maintain our natural gas pipelines and storage systems, and intend to do so as long as supply and demand for natural gas exists, which we expect for the foreseeable future. Therefore, we believe that we cannot reasonably estimate the ARO for the substantial majority of our assets because these assets have indeterminate lives. We continue to evaluate our ARO and future developments could impact the amounts we record. Our ARO are recorded in Account 230 "Asset Retirement Obligations."</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Long-lived Asset and Investment Impairments</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; 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, and evaluate our investments for other-than-temporary impairment. These events include changes in the manner in which we intend to use a long-lived asset, decisions to sell an asset or investment and adverse changes in market conditions or in the legal or business environment such as adverse actions by regulators. If an event occurs and if an impairment is indicated, or if we decide to sell a long-lived asset or group of assets, we adjust the carrying value of the asset downward, if necessary and upon regulatory approval, to its estimated fair value.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; 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: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Equity Method of Accounting</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We use the equity method of accounting for investments in subsidiaries, including our investment in Mojave Pipeline Company, L.L.C (Mojave), of which we are the sole owner. Under this method, our equity investments are carried originally at our acquisition cost, increased by our proportionate share of the</font> <font style="font-family: Arial;">investee's</font> <font style="font-family: Arial;">net income and by contributions made, and decreased by our proportionate share of the</font> <font style="font-family: Arial;">investee's</font> <font style="font-family: Arial;">net losses and by distributions received.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic; font-size: 16pt;">Revenue Recognition</font></p> </div> <div class="Section5"> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We segregate each class of revenue by account pursuant to the</font> <font style="font-family: Arial;">FERC's</font> <font style="font-family: Arial;">guidance under Code of Federal Regulations Title 18, Part 201.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; 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</font> <font style="font-family: Arial;">contract's</font> <font style="font-family: Arial;">material terms and conditions.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Natural Gas Transportation Contracts.</font> <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: 14pt; 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: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Natural Gas Sales Contracts.</font> <font style="font-family: Arial;">Our customer sales contracts are primarily related to natural gas sales and these revenues are generally accounted for on a gross basis with the related cost reported as a part of Operation Expenses on our income statements. Generally, for the majority of these contracts: (i) each unit (dekatherm) of natural gas sold is a separate performance obligation; (ii) the transaction price is determinable each month end based on our right to invoice at month end for the value of natural gas sold to the customer that month; and (iii) the transaction price is allocated to each performance obligation based on the standalone selling price of natural gas sold and the amount recognized as revenue upon delivery of the natural gas, which is the point in time when the customer obtains control of the natural gas and our performance obligation is satisfied. These customer contracts generally provide for the customer to nominate a specified quantity of natural gas to be delivered and sold to the customer at specified delivery points. The customer pays a transaction price typically based on a market or index per-unit rate for the quantities sold.</font></p> </div> <div class="Section6"> <p style="margin-top: 14pt; margin-bottom: 14pt; 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, our contract asset balances were not significant. As of December 31, 2022 and 2021, our contract liability balances were approximately $10 million and $14 million, respectively. Of the contract liability balance at December 31, 2021, approximately $10 million was recognized as revenue during the year ended December 31, 2022.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; 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 two largest customers were approximately $103 million and $85 million, each of which exceeded 10% of our operating revenues. For the year ended December 31, 2021, revenues from our two largest customers were approximately $111 million and $84 million, each of which exceeded 10% of our operating revenues.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; 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: 14pt; 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: 14pt; 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. Refer to Note 9 "Litigation, Environmental and Commitments<em> - Environmental Matters</em>" for further information.</font></p> </div> <p><font style="font-family: Arial; font-style: italic; font-size: 16pt; text-align: justify;">Postretirement Benefits</font></p> <div class="Section7"> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We participate in</font> <font style="font-family: Arial;">KMI's</font> <font style="font-family: Arial;">postretirement benefit plan covering certain of our former employees that we have made contributions to in the past. These contributions are invested until the benefits are paid to plan participants. The net benefit cost (credit) of this plan is recorded on our income statements and is a function of many factors including expected returns on plan assets and amortization of certain deferred gains and losses. Refer to Note 6 for further information.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">In accounting for our postretirement benefit plan, we record an asset or liability based on the difference between the fair value of the plan's assets and the plan's benefit obligation. Any deferred amounts related to unrecognized gains and losses or changes in actuarial assumptions are recorded on our balance sheets in Account 219 "Accumulated Other Comprehensive Income" (AOCI) until those gains or losses are recognized on our income statements.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Debt</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We classify our debt based on the contractual maturity dates of the underlying debt instruments. We defer costs associated with debt issuance over the applicable term. These costs are then amortized as interest charges on our income statements.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; 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: 14pt; text-align: justify; 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</font> <font style="font-family: Arial;">ratemaking</font> <font style="font-family: Arial;">process. </font><font style="font-family: Arial, sans-serif; font-size: 16pt;">Regulatory assets are recorded in Account 182.3 "Other Regulatory Assets" and regulatory liabilities are recorded in Account 254 "Other Regulatory Liabilities" on our balances sheets.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold; font-size: 16pt;">3. Income Taxes</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; 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: 14pt; 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 7.</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="Section8"> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 18.7pt;"> <td style="width: 556.2pt; border-right: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 214.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" 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: 556.2pt; 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; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 106.2pt; 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: 97.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" 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: 556.2pt; 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-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Current:</font></p> </td> <td style="width: 106.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 97.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 556.2pt; 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-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Federal</font></p> </td> <td style="width: 16.2pt; 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;">$</font></p> </td> <td style="width: 79.2pt; 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;">49</font></p> </td> <td style="width: 16.2pt; 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;">$</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: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">53</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 556.2pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">State</font></p> </td> <td style="width: 106.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">10</font></p> </td> <td style="width: 97.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">11</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 556.2pt; 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-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 106.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">59</font></p> </td> <td style="width: 97.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">64</font></p> </td> </tr> <tr style="height: 2.15pt;"> <td style="width: 556.2pt; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 106.2pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 97.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 556.2pt; 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-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Deferred:</font></p> </td> <td style="width: 106.2pt; border-right: 1pt solid #000000; border-bottom: 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;"> </p> </td> <td style="width: 97.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 556.2pt; 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-left: 18pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Federal</font></p> </td> <td style="width: 106.2pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">13</font></p> </td> <td style="width: 97.2pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">17</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 556.2pt; 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-left: 18pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">State</font></p> </td> <td style="width: 106.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" 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</font></p> </td> <td style="width: 97.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" 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</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 556.2pt; 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-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 106.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">15</font></p> </td> <td style="width: 97.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">20</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 556.2pt; 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-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: 16.2pt; border-top: 4.5pt solid #000000; 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: 79.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">74</font></p> </td> <td style="width: 16.2pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: 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: 70.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">84</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">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> <table style="-aw-border-insideh: 0.5pt single #000000; -aw-border-insidev: 0.5pt single #000000; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 18pt;"> <td style="width: 555.95pt; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single;" rowspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 214.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.5pt single;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Year Ended December 31,</font></p> </td> </tr> <tr style="height: 18pt;"> <td style="width: 101.7pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p> </td> <td style="width: 101.7pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2021</font></p> </td> </tr> <tr style="height: 21.6pt;"> <td style="width: 555.95pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; 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: 16.45pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single;"> <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: 84.88pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">66</font></p> </td> <td style="width: 16.2pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single;"> <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: 74.7pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">74</font></p> </td> </tr> <tr style="height: 21.6pt;"> <td style="width: 555.95pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">State income tax, net of federal income tax effect</font></p> </td> <td style="border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">10</font></p> </td> <td style="border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">11</font></p> </td> </tr> <tr> <td style="width: 555.95pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">Regulatory liability amortization</font></td> <td style="width: 101.7pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; text-align: right;" colspan="2"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">(1)</font></td> <td style="width: 101.7pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; text-align: right;" colspan="2"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">(1)</font></td> </tr> <tr style="height: 21.6pt;"> <td style="width: 555.95pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Other</font></p> </td> <td style="border-width: 0.75pt 0.75pt 4.5pt; border-style: solid; border-color: #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">(1)</font></p> </td> <td style="border-width: 0.75pt 0.75pt 4.5pt; border-style: solid; border-color: #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">-</font></p> </td> </tr> <tr style="height: 21.6pt;"> <td style="width: 555.95pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Total income tax expense</font></p> </td> <td style="width: 16.45pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 84.88pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; vertical-align: bottom; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">74</font></p> </td> <td style="width: 16.2pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 74.7pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">84</font></p> </td> </tr> <tr style="height: 21.6pt;"> <td style="width: 555.95pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Effective tax rate</font></p> </td> <td style="width: 101.7pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single; -aw-border-right: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">24%</font></p> </td> <td style="width: 101.7pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single; -aw-border-right: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">24%</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">The following are the components of our net deferred tax liability (in millions):</font></p> </div> <div class="Section9"> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 556.2pt; 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: 16pt;"> </p> </td> <td style="width: 214.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" 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: 556.2pt; 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; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 101.7pt; 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: 101.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" 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: 556.2pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Deferred tax liabilities:</font></p> </td> <td style="width: 101.7pt; border-top: 4.5pt solid #000000; 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;"> </p> </td> <td style="width: 101.7pt; border-top: 4.5pt solid #000000; 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;"> </p> </td> </tr> <tr> <td style="width: 556.2pt; 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; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Property, plant and equipment</font></p> </td> <td style="width: 47.7pt; 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: 43.2pt; 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</font></p> </td> <td style="width: 25.2pt; 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;">$</font></p> </td> <td style="width: 65.7pt; 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;">102</font></p> </td> </tr> <tr> <td style="width: 556.2pt; 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; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Equity investment</font></p> </td> <td style="width: 101.7pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">16</font></p> </td> <td style="width: 101.7pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">16</font></p> </td> </tr> <tr> <td style="width: 556.2pt; 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; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Benefits and compensation</font></p> </td> <td style="width: 101.7pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">34</font></p> </td> <td style="width: 101.7pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">42</font></p> </td> </tr> <tr> <td style="width: 556.2pt; 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; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Other</font></p> </td> <td style="width: 101.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">11</font></p> </td> <td style="width: 101.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">10</font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 556.2pt; 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: 36pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Total deferred tax liabilities</font></p> </td> <td style="width: 101.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">177</font></p> </td> <td style="width: 101.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">170</font></p> </td> </tr> <tr style="height: 2.15pt;"> <td style="width: 556.2pt; 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: 16pt;"> </p> </td> <td style="width: 101.7pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 101.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"> </p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 556.2pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Deferred tax assets:</font></p> </td> <td style="width: 101.7pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 101.7pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"> </p> </td> </tr> <tr> <td style="width: 556.2pt; 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; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Regulatory liabilities</font></p> </td> <td style="width: 101.7pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">13</font></p> </td> <td style="width: 101.7pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">15</font></p> </td> </tr> <tr> <td style="width: 556.2pt; 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; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Other</font></p> </td> <td style="width: 101.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">16</font></p> </td> <td style="width: 101.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">14</font></p> </td> </tr> <tr> <td style="width: 556.2pt; 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: 36pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Total deferred tax assets</font></p> </td> <td style="width: 101.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">29</font></p> </td> <td style="width: 101.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">29</font></p> </td> </tr> <tr> <td style="width: 556.2pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Net deferred tax liability</font></p> </td> <td style="width: 47.7pt; border-top: 4.5pt solid #000000; 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: 43.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">148</font></p> </td> <td style="width: 25.2pt; border-top: 4.5pt solid #000000; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 65.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">141</font></p> </td> </tr> </table> <p class="MsoNormal"> </p> <p class="MsoNormal"><em style="text-align: justify;"><font style="font-size: 16pt; font-family: Arial, sans-serif;">Income Tax Related Regulatory Liability</font></em></p> <p class="MsoNormalCxSpMiddle" style="text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: Arial, sans-serif; font-size: 16pt;">We have a regulatory liability of $28 million and $35 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 $2 million per year to Account 411.1 &#8220;Provision for Deferred Income Taxes - Credit&#8221; through September 2043, the remaining average depreciable life of the assets to which these deferred taxes apply. For the year ended December 31, 2022, pursuant to FERC Docket No. PL19-2-000, we reduced the balance of our regulatory liability by approximately $5 million to Account 421 "Miscellaneous NonOperating Income."</font></p> <p class="MsoNormalCxSpMiddle" style="text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> </p> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;"><strong>4. Utility Plant</strong></font></p> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"> </p> <p class="MsoNormal"><font style="font-size: 16pt; line-height: 107%; font-family: arial, helvetica, sans-serif;">Our net utility plant consisted of the following (in millions):</font></p> <p class="MsoNormal"> </p> <table class="MsoTableGrid" style="border-collapse: collapse; border: none; height: 453px;" border="1" cellspacing="0" cellpadding="0"> <tr style="margin-left: 0.1px; height: 0.35&quot;;"> <td style="width: 508.531px; border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 45px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"> </p> </td> <td style="width: 269.328px; border-top: 1pt solid windowtext; border-left: none; border-bottom: none; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 45px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: center; line-height: normal;" align="center"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;"><strong>Annual Depreciation</strong></font></p> </td> <td style="width: 429.703px; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-image: initial; border-left: none; padding: 0in 5.75pt; height: 45px;" colspan="4" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: center; line-height: normal;" align="center"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;"><strong>December 31,</strong></font></p> </td> </tr> <tr style="margin-left: 0.1px; height: 0.35&quot;;"> <td style="width: 508.531px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 44px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"> </p> </td> <td style="width: 269.328px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 44px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: center; line-height: normal;" align="center"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;"><strong>Rates (%)</strong></font></p> </td> <td style="width: 206.672px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 44px;" colspan="2" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: center; line-height: normal;" align="center"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;"><strong>2022</strong></font></p> </td> <td style="width: 206.719px; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-image: initial; border-left: none; padding: 0in 5.75pt; height: 44px;" colspan="2" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: center; line-height: normal;" align="center"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;"><strong>2021</strong></font></p> </td> </tr> <tr style="margin-left: 0.1px; height: 0.35&quot;;"> <td style="width: 508.031px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.75pt; height: 65px;" valign="bottom"> <p class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal;"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">Transmission and storage facilities</font></p> </td> <td style="width: 269.328px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 65px;" valign="top"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: center; line-height: normal;" align="center"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">2.32 - 10.00</font></p> </td> <td style="width: 35.875px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid windowtext; padding: 0in 5.75pt; height: 65px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">$</font></p> </td> <td style="width: 155.484px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 65px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" align="right"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">4,084</font></p> </td> <td style="width: 35.875px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid windowtext; padding: 0in 5.75pt; height: 65px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">$</font></p> </td> <td style="width: 155.531px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 65px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" align="right"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">4,009</font></p> </td> </tr> <tr style="margin-left: 0.1px; height: 0.35&quot;;"> <td style="width: 508.031px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.75pt; height: 44px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">General plant </font></p> </td> <td style="width: 269.328px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 44px;" valign="top"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: center; line-height: normal;" align="center"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">1.66 - 13.33</font></p> </td> <td style="width: 206.672px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 44px;" colspan="2" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" align="right"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">36</font></p> </td> <td style="width: 206.719px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 44px;" colspan="2" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" align="right"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">35</font></p> </td> </tr> <tr style="margin-left: 0.1px; height: 0.35&quot;;"> <td style="width: 508.031px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.75pt; height: 44px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">Intangible plant</font></p> </td> <td style="width: 269.328px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 44px;" valign="top"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: center; line-height: normal;" align="center"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">4.00 - 15.00</font></p> </td> <td style="width: 206.672px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 44px;" colspan="2" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" align="right"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">14</font></p> </td> <td style="width: 206.719px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 44px;" colspan="2" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" align="right"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">13</font></p> </td> </tr> <tr style="margin-left: 0.1px; height: 0.35&quot;;"> <td style="width: 508.031px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.75pt; height: 49px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">Accumulated depreciation and amortization⁽¹⁾</font></p> </td> <td style="width: 269.328px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 49px;" valign="top"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"> </p> </td> <td style="width: 206.672px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 49px;" colspan="2" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" align="right"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">(2,057)</font></p> </td> <td style="width: 206.719px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 49px;" colspan="2" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" align="right"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">(1,970)</font></p> </td> </tr> <tr style="margin-left: 0.1px; height: 0.35&quot;;"> <td style="width: 508.031px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.75pt; height: 49px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"> </p> </td> <td style="width: 269.328px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 49px;" valign="top"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"> </p> </td> <td style="width: 35.875px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 4.5pt solid windowtext; padding: 0in 5.75pt; height: 49px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">$</font></p> </td> <td style="width: 155.484px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 49px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" align="right"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">2,077</font></p> </td> <td style="width: 35.875px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 4.5pt solid windowtext; padding: 0in 5.75pt; height: 49px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">$</font></p> </td> <td style="width: 155.531px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 49px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" align="right"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">2,087</font></p> </td> </tr> <tr style="margin-left: 0.1px; height: 0.35&quot;;"> <td style="width: 508.031px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.75pt; height: 18px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"> </p> </td> <td style="width: 269.328px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 18px;" valign="top"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"> </p> </td> <td style="width: 206.672px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 18px;" colspan="2" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" align="right"> </p> </td> <td style="width: 206.719px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 18px;" colspan="2" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" align="right"> </p> </td> </tr> <tr style="margin-left: 0.1px; height: 0.35&quot;;"> <td style="width: 508.031px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.75pt; height: 46px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">Construction work in progress</font></p> </td> <td style="width: 269.328px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 46px;" valign="top"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"> </p> </td> <td style="width: 206.672px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 46px;" colspan="2" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" align="right"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">25</font></p> </td> <td style="width: 206.719px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 46px;" colspan="2" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" align="right"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">28</font></p> </td> </tr> <tr style="margin-left: 0.1px; height: 0.35&quot;;"> <td style="width: 508.031px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 5.75pt; height: 49px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">Net utility plant</font></p> </td> <td style="width: 269.328px; border-top: none; border-left: none; border-bottom: 1pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 49px;" valign="top"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"> </p> </td> <td style="width: 35.875px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 4.5pt solid windowtext; padding: 0in 5.75pt; height: 49px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">$</font></p> </td> <td style="width: 155.484px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 49px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" align="right"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">2,102</font></p> </td> <td style="width: 35.875px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 4.5pt solid windowtext; padding: 0in 5.75pt; height: 49px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">$</font></p> </td> <td style="width: 155.531px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid windowtext; padding: 0in 5.75pt; height: 49px;" valign="bottom"> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" align="right"><font style="font-size: 16pt; font-family: arial, helvetica, sans-serif;">2,115</font></p> </td> </tr> </table> <p class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; text-align: justify; tab-stops: 298.5pt;"> </p> <p class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; text-align: justify; tab-stops: 298.5pt;"><font style="font-size: 12pt; line-height: 107%; font-family: arial, helvetica, sans-serif;">(1) The composite weighted average depreciation rate for each of the years ended December 31, 2022 and 2021 was approximately 2.4%.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"> </p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">5. Debt</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">The following table summarizes the net carrying value of our outstanding debt (in millions):</font></p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 560.7pt; 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: 16pt;"> </p> </td> <td style="width: 209.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top; -aw-border-bottom: 0.5pt single;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">December 31,</font></p> </td> </tr> <tr> <td style="width: 560.7pt; 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: 16pt;"> </p> </td> <td style="width: 101.7pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top; -aw-border-top: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p> </td> <td style="width: 97.2pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top; -aw-border-top: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2021</font></p> </td> </tr> <tr> <td style="width: 560.7pt; 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;">8.625% Debentures due January 2022</font><font style="font-family: Arial; font-size: 10.67pt; vertical-align: super;">(1)</font></p> </td> <td style="width: 16.2pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 74.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="width: 20.7pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 65.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">260</font></p> </td> </tr> <tr> <td style="width: 560.7pt; 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;">7.50% Debentures due November 2026</font></p> </td> <td style="width: 101.7pt; 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;">200</font></p> </td> <td style="width: 97.2pt; 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;">200</font></p> </td> </tr> <tr> <td style="width: 560.7pt; 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;">3.50% Senior Notes due February 2032</font></p> </td> <td style="width: 101.7pt; 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="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">300</font></p> </td> <td style="width: 97.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: 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;">-</font></p> </td> </tr> <tr> <td style="width: 560.7pt; 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;">8.375% Notes due June 2032</font></p> </td> <td style="width: 101.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: 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;">300</font></p> </td> <td style="width: 97.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: 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;">300</font></p> </td> </tr> <tr> <td style="width: 560.7pt; 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 long-term debt</font></p> </td> <td style="width: 16.2pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 74.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">800</font></p> </td> <td style="width: 20.7pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 65.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">760</font></p> </td> </tr> </table> <p style="margin: 14pt 45pt 14pt 27pt; text-indent: -27pt; text-align: justify; line-height: normal; font-size: 12pt; -aw-import: list-item; -aw-list-level-number: 0; -aw-list-number-format: '(%0)'; -aw-list-number-styles: 'decimal'; -aw-list-number-values: '1'; -aw-list-padding-sml: 12.33pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><font style="-aw-import: ignore;">(1) </font>As of December 31, 2021, we included $260 million of our 8.625% Debentures due January 2022 within the caption "Long-Term Debt" on our Balance Sheet as these debentures were permanently refinanced through the issuance of long-term senior notes in February 2022. See "Debt Issuance and Repayment" below for further information.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; 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> </div> <p><font style="font-family: Arial; font-style: italic; font-size: 16pt; text-align: justify;">Debt Issuance and Repayment</font></p> <div class="Section10"> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">On January 3, 2022, we entered into a $260 million promissory note agreement with KMI due April 2022. Proceeds from this note were used to temporarily refinance $260 million of our 8.625% Debentures due January 2022.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">On February 23, 2022, we issued $300 million of 3.50% Senior Notes due February 2032 (Senior Notes). The Senior Notes were issued at a discount rate of 99.984%. Interest is payable semi-annually, commencing on August 15, 2022. We received net proceeds of approximately $298 million, after discount and issuance costs of approximately $2 million. The proceeds were used to repay the note payable to KMI, permanently refinancing the matured 8.625% Debentures, and for general corporate purposes.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Debt Covenants</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Under our various financing documents, we are subject to certain restrictions and covenants. The most restrictive of these include limitations on the incurrence of liens and limitations on sale-leaseback transactions. For the years ended December 31, 2022 and 2021, we were in compliance with our debt-related covenants.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">6. Retirement Benefits</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Pension and Retirement Savings Plans</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">KMI maintains a pension plan and a retirement savings plan covering substantially all of its U.S. employees, including certain of our former employees. The benefits under the pension plan are determined under a cash balance formula. Under its retirement savings plan, KMI contributes an amount equal to 5% of participants' eligible compensation per year. KMI is responsible for benefits accrued under its plans and allocates certain costs based on a benefit allocation rate applied on payroll charged to its affiliates.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Postretirement Benefits Plan</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We provide postretirement benefits, including medical benefits for a closed group of retirees. Medical benefits for pre-age 65 participants of this closed group may be subject to deductibles, co-payment provisions, dollar caps and other limitations on the amount of employer costs and are subject to further benefit changes by KMI, the plan sponsor. Post-age 65 Medicare eligible participants are provided a fixed subsidy to purchase coverage through a retiree Medicare exchange. In addition, certain former employees continue to receive limited postretirement life insurance benefits. Our postretirement benefit plan costs were prefunded and were recoverable under prior rate case settlements. Currently, there is no cost recovery or related funding that is required as part of our current FERC approved rates; however, we can seek to recover any funding shortfall that may be required in the future. We do not expect to make any contributions to our postretirement benefit plan in 2023, and there were no contributions made in 2022 and 2021.</font></p> </div> <p><font style="font-family: Arial; font-style: italic; font-size: 16pt; text-align: justify;">Postretirement Benefit Obligation, Plan Assets and Funded Status</font></p> <div class="Section11"> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Our postretirement benefit obligations and net benefit costs are primarily based on actuarial calculations. We use various assumptions in performing these calculations, including those related to the return that we expect to earn on our plan assets, the estimated cost of health care when benefits are provided under our plan and other factors. A significant assumption we utilize is the discount rates used in calculating the benefit obligations. The discount rate used in the measurement of our postretirement benefit obligation is determined by matching the timing and amount of our expected future benefit payments for our postretirement benefit obligation to the average yields of various high-quality bonds with corresponding maturities. The service and interest cost components of net periodic benefit cost (credit) for our postretirement benefit plan are estimated by utilizing a full yield curve approach by applying the specific spot rates along the yield curve used in the determination of the benefit obligation to their underlying projected cash flows.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">The table below provides information about our postretirement benefit plan as of and for each of the listed periods (in millions):</font></p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 560.2pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 97.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: 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: 101.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: 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: 560.2pt; 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-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Change in plan assets:</font></p> </td> <td style="width: 97.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 101.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> </tr> <tr> <td style="width: 560.2pt; 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-left: 21.6pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Fair value of plan assets - beginning of period</font></p> </td> <td style="width: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 74.7pt; 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;">180</font></p> </td> <td style="width: 16.2pt; 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;">$</font></p> </td> <td style="width: 74.7pt; 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;">161</font></p> </td> </tr> <tr> <td style="width: 560.2pt; 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-left: 21.6pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Actual return on plan assets</font></p> </td> <td style="width: 97.2pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(30)</font></p> </td> <td style="width: 101.7pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">20</font></p> </td> </tr> <tr> <td style="width: 560.2pt; 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-left: 21.6pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Benefits paid</font></p> </td> <td style="width: 97.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" 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)</font></p> </td> <td style="width: 101.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" 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)</font></p> </td> </tr> <tr style="height: 14.85pt;"> <td style="width: 543.6pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Fair value of plan assets - end of period</font></p> </td> <td style="width: 11.7pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: 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: 74.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">149</font></p> </td> <td style="width: 16.2pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: 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: 74.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">180</font></p> </td> </tr> <tr style="height: 1pt;"> <td style="width: 560.2pt; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 97.2pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 101.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 560.2pt; 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-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Change in postretirement benefit obligation:</font></p> </td> <td style="width: 97.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 101.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> </tr> <tr> <td style="width: 560.2pt; 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-left: 21.6pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Postretirement benefit obligation - beginning of period</font></p> </td> <td style="width: 11.7pt; 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: 74.7pt; 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</font></p> </td> <td style="width: 16.2pt; 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;">$</font></p> </td> <td style="width: 74.7pt; 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;">9</font></p> </td> </tr> <tr> <td style="width: 560.2pt; 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-left: 21.6pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Actuarial gain</font></p> </td> <td style="width: 97.2pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(1)</font></p> </td> <td style="width: 101.7pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(1)</font></p> </td> </tr> <tr> <td style="width: 560.2pt; 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-left: 21.6pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Benefits paid</font></p> </td> <td style="width: 97.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" 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)</font></p> </td> <td style="width: 101.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" 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)</font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 560.2pt; 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-left: 36pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Postretirement benefit obligation - end of period</font></p> </td> <td style="width: 11.7pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: 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: 74.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">5</font></p> </td> <td style="width: 16.2pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: 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: 74.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">7</font></p> </td> </tr> <tr style="height: 2.15pt;"> <td style="width: 560.2pt; border-top: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 97.2pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 101.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 560.2pt; 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-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Reconciliation of funded status:</font></p> </td> <td style="width: 97.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 101.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> </tr> <tr> <td style="width: 560.2pt; 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-left: 21.6pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Fair value of plan assets</font></p> </td> <td style="width: 11.7pt; 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: 74.7pt; 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;">149</font></p> </td> <td style="width: 16.2pt; 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;">$</font></p> </td> <td style="width: 74.7pt; 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;">180</font></p> </td> </tr> <tr> <td style="width: 560.2pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: bottom;"> <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;">Less: Postretirement benefit obligation</font></p> </td> <td style="width: 97.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" 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</font></p> </td> <td style="width: 101.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" 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</font></p> </td> </tr> <tr> <td style="width: 560.2pt; 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-left: 36pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Net asset at December 31</font> <font style="font-family: Arial; font-size: 10.67pt; vertical-align: super;">(1)</font></p> </td> <td style="width: 11.7pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: 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: 74.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">144</font></p> </td> <td style="width: 16.2pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: 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: 74.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">173</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-left: 27pt; margin-bottom: 14pt; text-indent: -27pt; line-height: normal; font-size: 12pt;"><font style="font-family: Arial;">(1) Net asset amounts are included in Account 128 "Other Special Funds" on our balance sheets.</font></p> </div> <p><font style="font-family: Arial; font-style: italic; font-size: 16pt; text-align: justify;">Components of AOCI</font></p> <div class="Section12"> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">The amounts included in AOCI as of December 31, 2022 and 2021 of $6 million and $38 million, net of income taxes of $2 million and $12 million, respectively, are primarily related to unrecognized gains.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Plan Assets</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">The primary investment objective of our plan is to ensure that, over the long-term life of the plan, an adequate pool of sufficiently liquid assets exists to meet the benefit obligations to retirees and beneficiaries. Investment objectives are long-term in nature covering typical market cycles. Any shortfall of investment performance compared to investment objectives is generally the result of economic and capital market conditions. Although actual allocations vary from time to time from our targeted allocations, the target allocations of our postretirement plan's assets are 38% fixed income and 62% equity.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Below are the details of the postretirement benefit plan assets by class and a description of the valuation methodologies used for assets measured at fair value.</font></p> <ul style="margin: 0pt; padding-left: 0pt;" type="disc"> <li style="margin-top: 14pt; margin-left: 27.6pt; line-height: normal; padding-left: 8.4pt; font-family: serif; font-size: 10pt; text-align: justify;"><font style="font-family: Arial; font-size: 16pt;">Level 2 assets' fair values are primarily based on pricing, data representative of quoted prices for similar assets in active markets (or identical assets in less active markets). Included in this are short term investment funds which are valued at cost plus calculated interest; and</font><font style="font-family: Arial; font-size: 16pt;"><br/></font></li> </ul> <p> </p> <ul style="margin: 0pt; padding-left: 0pt;" type="disc"> <li style="margin-left: 27.6pt; margin-bottom: 14pt; line-height: normal; padding-left: 8.4pt; font-family: serif; font-size: 10pt; text-align: justify;"><font style="font-family: Arial; font-size: 16pt;">Plan assets with fair values that are based on the net asset value per share, or its equivalent (NAV), as a practical expedient to measure fair value as reported by the issuers are determined based on the fair value of the underlying securities as of the valuation date and include common collective trusts. The plan assets measured at NAV are not categorized within the fair value hierarchy described above, but are separately identified in the table below.</font></li> </ul> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Listed below are the fair values of the plan's assets that are recorded at fair value by class and categorized by fair value measurement used at December 31, 2022 and 2021 (in millions):</font></p> <table style="border-collapse: collapse; width: 1288px;" cellspacing="0" cellpadding="0"> <tr style="height: 20.9pt;"> <td style="width: 994.566px; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 124.67px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: 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: 123.819px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;" colspan="3"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2021</font></p> </td> </tr> <tr style="height: 20.9pt;"> <td style="width: 994.566px; 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;"> </p> </td> <td style="width: 18.0382px; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 91.1458px; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 52.1875px; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 56.1458px; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> </tr> <tr style="height: 20.9pt;"> <td style="width: 994.566px; 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;">Investment within fair value hierarchy: Short-term investment fund (money market) measured at Level 2</font></p> </td> <td style="width: 18.0382px; 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: 91.1458px; 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, helvetica, sans-serif; font-size: 16pt;">2</font></p> </td> <td style="width: 35.0694px; 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: 73.2639px; 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;">2</font></p> </td> </tr> <tr style="height: 20.9pt;"> <td style="width: 994.566px; 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;">Investments measured at NAV</font></p> </td> <td style="width: 18.0382px; border-top: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 91.1458px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <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;">147</font></p> </td> <td style="width: 52.1875px; border-top: 1pt solid #000000; border-bottom: 4.5pt 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;"> </p> </td> <td style="width: 56.1458px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">178</font></p> </td> </tr> <tr style="height: 20.9pt;"> <td style="width: 994.566px; 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;">Investments at fair value</font></p> </td> <td style="width: 18.0382px; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 91.1458px; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">149</font></p> </td> <td style="width: 52.1875px; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;" colspan="2"> <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: 56.1458px; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">180</font></p> </td> </tr> <tr style="height: 0pt;"> <td style="width: 1007.62px;"> </td> <td style="width: 32.4132px;"> </td> <td style="width: 104.861px;"> </td> <td style="width: 49.4444px;"> </td> <td style="width: 16.0069px;"> </td> <td style="width: 69.8611px;"> </td> </tr> </table> <p style="margin-top: 14pt; margin-left: 27pt; margin-bottom: 14pt; text-indent: -27pt; text-align: justify; line-height: normal; font-size: 12pt;"><font style="font-family: Arial; font-size: 16pt; font-style: italic;">Expected Payment of Future Benefits</font></p> </div> <div class="Section13"> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">As of December 31, 2022, we expect to make the following benefit payments under our plan (in millions):</font></p> <table style="border: 1pt solid #000000; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 663.7pt; border-right: 1pt solid #000000; border-bottom: 4.5pt 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; font-weight: bold;">Year</font></p> </td> <td style="width: 106.2pt; 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;">Total</font></p> </td> </tr> <tr> <td style="width: 663.7pt; border-top: 4.5pt solid #000000; border-right: 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;">2023</font></p> </td> <td style="width: 16.2pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 79.2pt; border-top: 4.5pt 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;">1</font></p> </td> </tr> <tr> <td style="width: 663.7pt; border-right: 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;">2024</font></p> </td> <td style="width: 106.2pt; 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;">1</font></p> </td> </tr> <tr> <td style="width: 663.7pt; border-right: 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;">2025</font></p> </td> <td style="width: 106.2pt; 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;">1</font></p> </td> </tr> <tr> <td style="width: 663.7pt; border-right: 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;">2026</font></p> </td> <td style="width: 106.2pt; 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;">1</font></p> </td> </tr> <tr> <td style="width: 663.7pt; border-right: 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;">2027</font></p> </td> <td style="width: 106.2pt; 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;">1</font></p> </td> </tr> <tr> <td style="width: 663.7pt; border-right: 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;">2028-2032</font></p> </td> <td style="width: 106.2pt; 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</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Actuarial Assumptions and Sensitivity Analysis</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Postretirement benefit obligations and net benefit costs are based on actuarial estimates and assumptions. The following table details the weighted average actuarial assumptions used in determining our postretirement plan obligations and net benefit costs.</font></p> <table style="width: 793pt; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 518.95pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 13.5pt;"> </p> </td> <td style="width: 102.5pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <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: 101.8pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <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: 518.95pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Assumptions related to benefit obligations at December 31:</font></p> </td> <td style="width: 102.5pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 12pt;"> </p> </td> <td style="width: 101.8pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 10pt;"> </p> </td> </tr> <tr> <td style="width: 518.95pt; border: 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;">Discount rate</font></p> </td> <td style="width: 102.5pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 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;">5.37%</font></p> </td> <td style="width: 101.8pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 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;">2.49%</font></p> </td> </tr> <tr> <td style="width: 518.95pt; border: 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;">Assumptions related to benefit costs for the year ended December 31:</font></p> </td> <td style="width: 102.5pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 12pt;"> </p> </td> <td style="width: 101.8pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 10pt;"> </p> </td> </tr> <tr> <td style="width: 518.95pt; border: 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;">Discount rate </font></p> </td> <td style="width: 102.5pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 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;">2.49%</font></p> </td> <td style="width: 101.8pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 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;">1.99%</font></p> </td> </tr> <tr> <td style="width: 518.95pt; border: 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;">Expected return on plan assets</font> <font style="font-family: Arial; font-size: 10.67pt; vertical-align: super;">(1)</font></p> </td> <td style="width: 102.5pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 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;">5.75%</font></p> </td> <td style="width: 101.8pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 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;">5.75%</font></p> </td> </tr> <tr> <td style="width: 519.95pt; border-top: 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: 12pt;"> </p> </td> <td style="width: 103.5pt; border-top: 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: 10pt;"> </p> </td> <td style="width: 102.8pt; border-top: 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: 10pt;"> </p> </td> </tr> </table> <p style="margin-top: 14pt; margin-left: 27pt; margin-bottom: 14pt; text-indent: -22.5pt; text-align: justify; line-height: normal; font-size: 12pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">(1) The expected return on plan assets listed in the table above is a pre-tax rate of return based on our portfolio of investments. We utilize an after-tax expected return on plan assets to determine our benefit costs, which reflects expected unrelated business income taxes.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Actuarial estimates for our postretirement benefits plan assumed a weighted average annual rate of increase in the per capita costs of covered health care benefits of 3.00% per year.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic; font-size: 16pt;">Components of Net Benefit Credit</font></p> </div> <div class="Section14"> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">The components of net benefit credit are as follows (in millions):</font></p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 542.7pt; 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: 16pt;"> </p> </td> <td style="width: 227.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Year Ended December 31,</font></p> </td> </tr> <tr> <td style="width: 542.7pt; 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: 16pt;"> </p> </td> <td style="width: 110.7pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top; -aw-border-top: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p> </td> <td style="width: 106.2pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-top: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2021</font></p> </td> </tr> <tr> <td style="width: 542.7pt; 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: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Expected return on plan assets</font></p> </td> <td style="width: 16.2pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 83.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(8)</font></p> </td> <td style="width: 11.7pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 83.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(8)</font></p> </td> </tr> <tr> <td style="width: 542.7pt; 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: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Amortization of prior service credit</font></p> </td> <td style="width: 110.7pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(1)</font></p> </td> <td style="width: 106.2pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(2)</font></p> </td> </tr> <tr> <td style="width: 542.7pt; 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: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Amortization of net actuarial gain</font></p> </td> <td style="width: 110.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" 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)</font></p> </td> <td style="width: 106.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" 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)</font></p> </td> </tr> <tr> <td style="width: 542.7pt; 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: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Net benefit credit</font></p> </td> <td style="width: 16.2pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 83.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(13)</font></p> </td> <td style="width: 11.7pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 83.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(13)</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">7. Related Party Transactions</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; 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: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We participate in</font> <font style="font-family: Arial;">KMI's</font> <font style="font-family: Arial;">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 no balance with KMI under the cash management program. The interest rate on this note is variable and was 5.4% and 1.4%, as of December 31, 2022 and 2021, respectively.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic; font-size: 16pt;">Proprietary Capital</font></p> </div> <div class="Section15"> <p style="margin-top: 14pt; margin-bottom: 14pt; 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 certain proprietary capital accounts (in millions):</font></p> <table style="width: 923.05pt; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 18.4pt;"> <td style="width: 433.8pt; 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: 16pt;"> </p> </td> <td style="width: 467.15pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" 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: 18.4pt;"> <td style="width: 433.8pt; 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: 16pt;"> </p> </td> <td style="width: 228.6pt; 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: 227.75pt; 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: 18.4pt;"> <td style="width: 433.8pt; 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: 16pt;"> </p> </td> <td style="width: 106.9pt; 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: 110.9pt; 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: 104.25pt; 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: 112.7pt; 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: 18.4pt;"> <td style="width: 433.8pt; 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: 16pt;"> </p> </td> <td style="width: 106.9pt; 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: 110.9pt; 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: 104.25pt; 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: 112.7pt; 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;">216</font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 433.8pt; 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: 12.6pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 83.5pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">1,524</font></p> </td> <td style="width: 11.9pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 88.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">20</font></p> </td> <td style="width: 13.8pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 79.65pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">1,542</font></p> </td> <td style="width: 8.9pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 93pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">21</font></p> </td> </tr> <tr style="height: 2.15pt;"> <td style="width: 433.8pt; 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;"> </p> </td> <td style="width: 12.6pt; 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;"> </p> </td> <td style="width: 83.5pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 11.9pt; 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: 16pt;"> </p> </td> <td style="width: 88.2pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 13.8pt; 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;"> </p> </td> <td style="width: 79.65pt; 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;"> </p> </td> <td style="width: 8.9pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 93pt; 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;"> </p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 433.8pt; 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, less equity in earnings of Mojave</font></p> </td> <td style="width: 12.6pt; 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;"> </p> </td> <td style="width: 83.5pt; 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: 11.9pt; 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: 16pt;"> </p> </td> <td style="width: 88.2pt; 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;">233</font></p> </td> <td style="width: 13.8pt; 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;"> </p> </td> <td style="width: 79.65pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="width: 8.9pt; border-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;"> </p> </td> <td style="width: 93pt; 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;">263</font></p> </td> </tr> <tr style="height: 2.15pt;"> <td style="width: 433.8pt; 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;"> </p> </td> <td style="width: 12.6pt; 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;"> </p> </td> <td style="width: 83.5pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 11.9pt; 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: 16pt;"> </p> </td> <td style="width: 88.2pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 13.8pt; 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;"> </p> </td> <td style="width: 79.65pt; 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;"> </p> </td> <td style="width: 8.9pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 93pt; 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;"> </p> </td> </tr> <tr style="height: 15.2pt;"> <td style="width: 433.8pt; 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: 12.6pt; 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;"> </p> </td> <td style="width: 83.5pt; 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;">224</font></p> </td> <td style="width: 11.9pt; 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: 16pt;"> </p> </td> <td style="width: 88.2pt; 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;">(224)</font></p> </td> <td style="width: 13.8pt; 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;"> </p> </td> <td style="width: 79.65pt; 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;">270</font></p> </td> <td style="width: 8.9pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 93pt; 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;">(270)</font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 433.8pt; 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: 12.6pt; 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;"> </p> </td> <td style="width: 83.5pt; 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;">48</font></p> </td> <td style="width: 11.9pt; 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: 16pt;"> </p> </td> <td style="width: 88.2pt; 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: 13.8pt; 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;"> </p> </td> <td style="width: 79.65pt; 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;">62</font></p> </td> <td style="width: 8.9pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 93pt; 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: 18.4pt;"> <td style="width: 433.8pt; 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: 12.6pt; border-top: 1pt solid #000000; 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;"> </p> </td> <td style="width: 83.5pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">23</font></p> </td> <td style="width: 11.9pt; border-top: 1pt solid #000000; 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;"> </p> </td> <td style="width: 88.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="width: 13.8pt; border-top: 1pt solid #000000; 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;"> </p> </td> <td style="width: 79.65pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">26</font></p> </td> <td style="width: 8.9pt; border-top: 1pt solid #000000; 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;"> </p> </td> <td style="width: 93pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 433.8pt; 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 21.6pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Total Transfers</font></p> </td> <td style="width: 12.6pt; border-top: 4.5pt solid #000000; 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;"> </p> </td> <td style="width: 83.5pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">295</font></p> </td> <td style="width: 11.9pt; border-top: 4.5pt solid #000000; 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;"> </p> </td> <td style="width: 88.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(224)</font></p> </td> <td style="width: 13.8pt; border-top: 4.5pt solid #000000; 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;"> </p> </td> <td style="width: 79.65pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">358</font></p> </td> <td style="width: 8.9pt; border-top: 4.5pt solid #000000; 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;"> </p> </td> <td style="width: 93pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(270)</font></p> </td> </tr> <tr style="height: 2.15pt;"> <td style="width: 433.8pt; 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;"> </p> </td> <td style="width: 12.6pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 83.5pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 11.9pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 88.2pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 13.8pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 79.65pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 8.9pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 93pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"> </p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 433.8pt; 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: 12.6pt; 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;"> </p> </td> <td style="width: 83.5pt; 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;">(295)</font></p> </td> <td style="width: 11.9pt; 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: 16pt;"> </p> </td> <td style="width: 88.2pt; 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: 13.8pt; 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;"> </p> </td> <td style="width: 79.65pt; 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;">(358)</font></p> </td> <td style="width: 8.9pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 93pt; 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: 18.4pt;"> <td style="width: 433.8pt; 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: 12.6pt; border-top: 1pt solid #000000; 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;"> </p> </td> <td style="width: 83.5pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(34)</font></p> </td> <td style="width: 11.9pt; border-top: 1pt solid #000000; 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;"> </p> </td> <td style="width: 88.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="width: 13.8pt; border-top: 1pt solid #000000; 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;"> </p> </td> <td style="width: 79.65pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(35)</font></p> </td> <td style="width: 8.9pt; border-top: 1pt solid #000000; 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;"> </p> </td> <td style="width: 93pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 433.8pt; 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 21.6pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Total Distributions to Member</font></p> </td> <td style="width: 12.6pt; border-top: 4.5pt solid #000000; 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;"> </p> </td> <td style="width: 83.5pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(329)</font></p> </td> <td style="width: 11.9pt; border-top: 4.5pt solid #000000; 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;"> </p> </td> <td style="width: 88.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="width: 13.8pt; border-top: 4.5pt solid #000000; 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;"> </p> </td> <td style="width: 79.65pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">(393)</font></p> </td> <td style="width: 8.9pt; border-top: 4.5pt solid #000000; 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;"> </p> </td> <td style="width: 93pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 433.8pt; 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;"> </p> </td> <td style="width: 12.6pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 83.5pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 11.9pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 88.2pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 13.8pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 79.65pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 8.9pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 93pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"> </p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 433.8pt; 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;">Cash distributions of earnings from Mojave</font></p> </td> <td style="width: 12.6pt; 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;"> </p> </td> <td style="width: 83.5pt; 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: 11.9pt; 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: 16pt;"> </p> </td> <td style="width: 88.2pt; 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;">6</font></p> </td> <td style="width: 13.8pt; 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;"> </p> </td> <td style="width: 79.65pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="width: 8.9pt; border-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;"> </p> </td> <td style="width: 93pt; 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</font></p> </td> </tr> <tr style="height: 2.15pt;"> <td style="width: 433.8pt; 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;"> </p> </td> <td style="width: 12.6pt; 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;"> </p> </td> <td style="width: 83.5pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 11.9pt; 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: 16pt;"> </p> </td> <td style="width: 88.2pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 13.8pt; 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;"> </p> </td> <td style="width: 79.65pt; 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;"> </p> </td> <td style="width: 8.9pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 93pt; 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;"> </p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 433.8pt; 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;">Capital contributions from Member</font></p> </td> <td style="width: 12.6pt; 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;"> </p> </td> <td style="width: 83.5pt; 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;">12</font></p> </td> <td style="width: 11.9pt; 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: 16pt;"> </p> </td> <td style="width: 88.2pt; 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: 13.8pt; 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;"> </p> </td> <td style="width: 79.65pt; 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;">17</font></p> </td> <td style="width: 8.9pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 93pt; 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: 2.15pt;"> <td style="width: 433.8pt; 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;"> </p> </td> <td style="width: 12.6pt; border-top: 1pt solid #000000; 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;"> </p> </td> <td style="width: 83.5pt; border-top: 1pt solid #000000; 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; text-align: right; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 11.9pt; border-top: 1pt solid #000000; 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;"> </p> </td> <td style="width: 88.2pt; border-top: 1pt solid #000000; 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; text-align: right; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 13.8pt; border-top: 1pt solid #000000; 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;"> </p> </td> <td style="width: 79.65pt; border-top: 1pt solid #000000; 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; text-align: right; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 8.9pt; border-top: 1pt solid #000000; 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;"> </p> </td> <td style="width: 93pt; border-top: 1pt solid #000000; 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; text-align: right; line-height: normal; font-size: 16pt;"> </p> </td> </tr> <tr style="height: 18.4pt;"> <td style="width: 433.8pt; 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: 12.6pt; border-top: 4.5pt solid #000000; 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;">$</font></p> </td> <td style="width: 83.5pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">1,502</font></p> </td> <td style="width: 11.9pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 88.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">35</font></p> </td> <td style="width: 13.8pt; border-top: 4.5pt solid #000000; 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;">$</font></p> </td> <td style="width: 79.65pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">1,524</font></p> </td> <td style="width: 8.9pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 93pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">20</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-left: 27pt; margin-bottom: 14pt; text-indent: -27pt; line-height: normal; font-size: 12pt;"><font style="font-family: Arial;">(1)</font> <font style="font-family: Arial;">Settlements of these amounts are made within equity and are considered non-cash financing activities.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; 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> </div> <div class="Section16"> <p style="margin-top: 14pt; margin-bottom: 14pt; 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> <table style="width: 792.25pt; border: 1pt solid #000000; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 18.7pt;"> <td style="width: 71.05pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: bottom;" 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: 396.85pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" rowspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"> </p> </td> <td style="width: 254.6pt; border-bottom: 0.75pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">December 31,</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 123.85pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-top: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p> </td> <td style="width: 108.15pt; border-top: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-top: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2021</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 71.05pt; border-top: 4.5pt solid #000000; 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="width: 396.85pt; 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="width: 4.95pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 97.3pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">2</font></p> </td> <td style="width: 7.2pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 79.35pt; border-top: 4.5pt 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</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 71.05pt; 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="width: 396.85pt; 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="width: 4.95pt; 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;"> </p> </td> <td style="width: 97.3pt; 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</font></p> </td> <td style="width: 7.2pt; 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;"> </p> </td> <td style="width: 79.35pt; 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;">1</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 71.05pt; 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="width: 396.85pt; 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="width: 4.95pt; 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;"> </p> </td> <td style="width: 97.3pt; 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;">148</font></p> </td> <td style="width: 7.2pt; 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;"> </p> </td> <td style="width: 79.35pt; 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;">125</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 71.05pt; 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;">234</font></p> </td> <td style="width: 396.85pt; 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 payable to associated companies</font></p> </td> <td style="width: 4.95pt; 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;"> </p> </td> <td style="width: 97.3pt; 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;">4</font></p> </td> <td style="width: 7.2pt; 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;"> </p> </td> <td style="width: 79.35pt; 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;">4</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 71.05pt; 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="width: 396.85pt; 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="width: 4.95pt; 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;"> </p> </td> <td style="width: 97.3pt; 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;">20</font></p> </td> <td style="width: 7.2pt; 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;"> </p> </td> <td style="width: 79.35pt; 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</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 14pt; 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: 14pt; 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> <table style="width: 870.25pt; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 498.3pt; 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: 16pt;"> </p> </td> <td style="width: 278.75pt; 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> <td style="vertical-align: top;"> </td> </tr> <tr> <td style="width: 498.3pt; 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: 16pt;"> </p> </td> <td style="width: 138.05pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="3"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p> </td> <td style="width: 129.9pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="5"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2021</font></p> </td> <td style="vertical-align: top;"> </td> </tr> <tr> <td style="width: 497.8pt; 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-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Revenues</font></p> </td> <td style="width: 8.9pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 129.15pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">3</font></p> </td> <td style="width: 17.05pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 112.85pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; vertical-align: bottom;" colspan="3"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">3</font></p> </td> <td style="vertical-align: top;"> </td> </tr> <tr> <td style="width: 497.8pt; 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-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Operation, maintenance and payroll tax expenses</font><font style="font-family: Arial; font-size: 10.67pt; vertical-align: super;">(1)</font></p> </td> <td style="width: 143.45pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; vertical-align: bottom;" colspan="3"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">120</font></p> </td> <td style="width: 8.85pt; 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: 16pt;"> </p> </td> <td style="width: 121.05pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; vertical-align: bottom;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">117</font></p> </td> <td style="vertical-align: top;"> </td> </tr> <tr> <td style="width: 497.8pt; 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-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Capitalized costs</font></p> </td> <td style="width: 143.45pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; vertical-align: bottom;" colspan="3"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">14</font></p> </td> <td style="width: 8.85pt; 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: 16pt;"> </p> </td> <td style="width: 121.05pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; vertical-align: bottom;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">14</font></p> </td> <td style="vertical-align: top;"> </td> </tr> </table> <p style="margin: 14pt 4.5pt 14pt 18pt; text-indent: -18pt; text-align: justify; line-height: normal; font-size: 12pt;"><font style="font-family: Arial;">(1) We receive transportation services from Mojave and</font> <font style="font-family: Arial;">TransColorado</font> <font style="font-family: Arial;">Gas Transmission Company LLC. Included in these totals are expenses for these services of $48 million for each of the years ended December 31, 2022 and 2021.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Promissory Note</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">On January 3, 2022, we entered into a $260 million promissory note agreement with KMI due April 2022. The interest rate on this note was 1.466% per annum. Proceeds from this note were used to temporarily refinance $260 million of our 8.625% Debentures due January 2022 until permanent refinancing was established. We issued $300 million of 3.50% senior notes in February 2022 and the note payable to KMI was repaid. See Note 5 for further information.</font></p> </div> <p><font style="font-family: Arial; font-style: italic; font-size: 16pt; text-align: justify;">Subsequent Events</font></p> <div class="Section17"> <p style="margin-top: 14pt; margin-bottom: 14pt; 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 $136 million, inclusive of amounts representing income taxes, and received a capital contribution from our Member of less than $1 million.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">8. Rate and Regulatory Matters</font></p> <p style="margin-top: 14pt; margin-bottom: 10pt; 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: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">We obtain natural gas quantities from our shippers, in accordance with our tariff and applicable contract terms, as reimbursement for fuel consumed at compressor stations and other locations on our system as well as for natural gas quantities lost and otherwise unaccounted for. On an annual basis, we file a report detailing the fuel and lost and unaccounted for reimbursement activity. In this report, prospective fuel and lost and unaccounted for retention rates are established based on historical information. Volumetric over- or under-collections of fuel and lost and unaccounted for quantities from prior periods are trued-up through either an addition or reduction to prospective fuel and lost and unaccounted for retention rates. </font><font style="font-family: Arial, sans-serif; font-size: 16pt;">As of December 31, 2022 and 2021, we have a net regulatory asset of $26 million and $13 million, respectively, on our balance sheets related to our fuel recovery mechanism. </font><font style="font-family: Arial; font-size: 16pt;">For the years ended December 31, 2022 and 2021, we recorded a net regulatory benefit of $13 million and $15 million, respectively, under our fuel recovery mechanism.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">FERC Proceeding</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">On April 21, 2022, we were notified by the FERC of the commencement of a rate proceeding against us pursuant to Section 5 of the Natural Gas Act. This proceeding sets the matter for hearing to determine whether our current rates remain just and reasonable. A proceeding under Section 5 of the Natural Gas Act is prospective in nature such that a change in rates charged to customers, if any, would likely only occur after the FERC has issued a final order. On November 18, 2022, we filed a Stipulation and Agreement (S&amp;A) to establish reductions in our base rates during the term of the S&amp;A, including a cumulative 16% reduction on average across mainline rate zones, to be phased in over three years beginning January 1, 2023, and a rate moratorium until September 30, 2027.</font> <font style="font-family: Arial;">The FERC approved the S&amp;A without modification on January 31, 2023. </font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold; font-size: 16pt;">9. Litigation, Environmental and Commitments</font></p> </div> <div class="Section18"> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Legal Proceedings</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; 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 businesses that may result in claims against the Company. Although no assurance can be given, we believe, based on our experiences to date and taking into account established reserves, that the ultimate resolution of such items will not have a material adverse impact 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: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">2018 Midland Pipeline Rupture. </font> <font style="font-family: Arial;">On August 1, 2018, a third party gathering line in Midland County, Texas ruptured and caught fire, which in turn caused the rupture and explosion of our natural gas pipeline located in close proximity to the third party gathering line. Several persons were injured, one of whom died from his injuries. Two lawsuits asserted by or on behalf of persons injured in the incident were filed against certain third parties and us. As they relate to us, the lawsuits alleged that we failed to sufficiently maintain or mark our pipeline, and that we failed to implement or follow proper emergency response procedures. We denied each of the foregoing allegations. The lawsuits were settled in the first quarter of 2022 on terms that were not material taking into account established reserves and applicable insurance.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Arizona Line 2000 Rupture. </font><font style="font-family: Arial;">On August 15, 2021, our 30" EPNG Line 2000 natural gas transmission pipeline ruptured in a rural area in Coolidge, Arizona. The failure resulted in a fire which destroyed a home, resulting in two fatalities and one injury. The National Transportation Safety Board is investigating the incident. We completed the physical work on Line 2000 in accordance with Pipeline and Hazardous Materials Safety Administration's requirements and returned the pipeline to commercial service in February 2023.</font> <font style="font-family: Arial;">While no litigation is pending at this time, we notified our insurers of the incident and do not expect that the resolution of claims will have a material adverse impact on our business taking into account established reserves and applicable insurance. Due to this force majeure incident, we issued reservation charge credits in accordance with our FERC gas tariff.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt; text-align: justify;"><font style="font-family: Arial; font-style: italic;">S<font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">tate of New Mexico v. El Paso Natural Gas LLC, et al. </font></font><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">We are one of several pipeline defendants named in a lawsuit filed by the State of New Mexico on February 3, 2022 in the state district court in Santa Fe, New Mexico. The lawsuit alleges that defendants used products containing polychlorinated biphenyls (PCBs) for hydraulic fluids, insulating fluids, and lubricating oils for compressor stations and for other pipeline purposes through the 1970s, and that PCBs were released or discharged into the environment in the course of pipeline operations, thereby contaminating the State of New Mexico's natural resources. Asserting nuisance, negligence, unjust enrichment, and strict liability causes of action, the lawsuit seeks unspecified damages for past and future costs necessary to remediate the state's natural resources and water systems, as well as punitive damages. Given that the case is in early stages of discovery concerning unspecified acts or omissions that are alleged to have occurred decades ago, we are unable to reasonably estimate the extent of our potential liability, if any, and intend to vigorously defend this case.</font></p> </div> <p style="text-align: justify;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;"><em>Luminant Winter Storm Indemnity Claim.</em> On October 19, 2022, Luminant Energy Company LLC (Luminant) filed a third-party petition against us in the 193rd District Court of Dallas County, Texas (No. DC-21-148) alleging that we are required to indemnify Luminant for claims asserted by a producer against Luminant in the case captioned above. The producer alleges that Luminant breached a contract for sale and purchase of natural gas by failing to take and pay for 55,773 million British Thermal Units of gas nominated by Luminant between February 17-22, 2021 during Winter Storm Uri. The producer alleges that it is owed approximately $11.5 million, plus attorney fees, and interest. Luminant&#8217;s indemnity claim alleges that we were negligent and in breach of contract for failing to deliver gas and failing to receive and/or process nominations through our electronic information system with reasonable care. We deny that an indemnity and defense is owed to Luminant on several grounds, including because the nomination was reduced by a valid event of force majeure. We intend to vigorously defend this case.</font></p> <div class="Section19"> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt; text-align: justify;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">As of December 31, 2022 and 2021, we had $22 million and $7 million, respectively, accrued for our outstanding legal proceedings.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt; text-align: justify;"><font style="font-family: arial, helvetica, sans-serif; font-style: italic; font-size: 16pt;">Environmental Matters</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 16pt; text-align: justify;"><font style="font-family: Arial;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">We are subject to environmental cleanup and enfo</font>rcement actions from time to time. In particular, the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) generally imposes joint and several liability for cleanup and enforcement costs on current and predecessor owners and operators of a site, among others, without regard to fault or the legality of the original conduct, subject to the right of a liable party to establish a "reasonable basis" for apportionment of costs. Our operations are also subject to federal, state and local laws and regulations relating to protection of the environment. Although we believe our operations are in substantial compliance with applicable environmental laws and regulations, risks of additional costs and liabilities are inherent in our operations, and there can be no assurance that we will not incur significant costs and liabilities. Moreover, it is possible that other developments could result in substantial costs and liabilities to us, such as increasingly stringent environmental laws, regulations and enforcement policies under the terms of authority of those laws, and claims for damages to property or persons resulting from our operations.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Uranium Mines in Vicinity of Cameron, Arizona</font><font style="font-family: Arial;">. In the 1950s and 1960s, Rare Metals Inc., a historical subsidiary, mined approximately 20 uranium mines in the vicinity of Cameron, Arizona, many of which are located on the Navajo Indian Reservation. The mining activities were in response to numerous incentives provided to industry by the U.S. to locate and produce domestic sources of uranium to support the Cold War-era nuclear weapons program. In May 2012, we received a general notice letter from the Environmental Protection Agency (EPA) notifying us of its investigation of certain sites and its determination that the EPA considers us to be a Potentially Responsible Party (PRP) within the meaning of CERCLA. In August 2013, we and the EPA entered into an Administrative Order on Consent and Scope of Work pursuant to which we are conducting environmental assessments of the mines and the immediate vicinity. On September 3, 2014, we filed a complaint in the U.S. District Court for the District of Arizona seeking cost recovery and contribution from the applicable federal government agencies toward the cost of environmental activities associated with the mines. The U.S. District Court issued an order on April 16, 2019 that allocated 35% of past and future response costs to the U.S. The decision does not provide or establish the scope of a remedial plan with respect to the sites, nor does it establish the total cost for addressing the sites, all of which remain to be determined in subsequent proceedings and adversarial actions, if necessary, with the EPA. Until such issues are determined, we are unable to reasonably estimate the extent of our potential liability. Because costs associated with any remedial plan approved by the EPA are expected to be spread over at least several years, we do not anticipate that our share of the costs of the remediation will have a material adverse impact to our business.</font></p> </div> <p style="text-align: justify;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;"><font style="font-style: italic;">Superfund Matters. </font>Included in our recorded environmental liabilities are projects where we have received notice that we have been designated or could be designated as a PRP under CERCLA, commonly known as Superfund, or state equivalents for three active sites. Liability under the federal CERCLA statute may be joint and several, meaning that we could be required to pay in excess of our pro rata share of remediation costs. We consider the financial strength of other PRPs in estimating our liabilities.</font></p> <div class="Section20"> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">Although it is not possible to predict the ultimate outcomes, we believe that the resolution of the environ</font>mental matters set forth in this note, and other matters to which we are a party, will not have a material adverse effect on our business. As of both December 31, 2022 and 2021, we had approximately $10 million accrued for our environmental matters.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Commitments</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"> </p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;"><font style="font-size: 21.3333px; font-style: italic;">Capital Commitments. </font>As of December 31, 2022, we had capital commitments of approximately $17 million, which we expect to spend during 2023.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"> </p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Rights-of-Way Obligations.</font> <font style="font-family: Arial;">We are obligated to make future payments under the terms of certain of our rights-of-way. Future minimum annual rental commitments under our rights-of-way obligations as of December 31, 2022, are as follows (in millions):</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"> </p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 18.7pt;"> <td style="width: 402.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: top;"> <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;">Year</font></p> </td> <td style="width: 199.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" 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;">Commitments</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 402.7pt; border-top: 4.5pt solid #000000; 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-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">2023</font></p> </td> <td style="width: 69.9pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 118.5pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">29</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 402.7pt; 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: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">2024</font></p> </td> <td style="width: 199.2pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">29</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 402.7pt; 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: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">2025</font></p> </td> <td style="width: 199.2pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">5</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 402.7pt; 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: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">2026</font></p> </td> <td style="width: 199.2pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">5</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 402.7pt; 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: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">2027 </font></p> </td> <td style="width: 199.2pt; border-right: 1pt solid #000000; border-bottom: 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: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">5</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 402.7pt; 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: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Thereafter</font></p> </td> <td style="width: 199.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">47</font></p> </td> </tr> <tr style="height: 18.7pt;"> <td style="width: 402.7pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Total</font></p> </td> <td style="width: 69.9pt; border-top: 4.5pt solid #000000; 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: 118.5pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">120</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">Rental expense on our rights-of-way for the years ended December 31, 2022 and 2021 was approximately $31 million and $30 million, respectively, and is reflected in Account 401 "Operation Expenses" on our income statements.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">10. Supplemental Cash Flow Information</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">The following table contains supplemental cash flow information (in millions):</font></p> <table style="margin-right: 9pt; margin-left: 9pt; border-collapse: collapse; float: left;" cellspacing="0" cellpadding="0"> <tr style="height: 30pt;"> <td style="width: 537.594px; 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: 16pt;"> </p> </td> <td style="width: 269.844px; 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="7"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Year Ended December 31,</font></p> </td> <td style="vertical-align: top; width: 0px;"> </td> </tr> <tr> <td style="width: 537.594px; 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: 16pt;"> </p> </td> <td style="width: 124.562px; border-right: 1pt solid #000000; border-bottom: 3pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="3"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: normal; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p> </td> <td style="width: 130.562px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 3pt 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> <td style="vertical-align: top; width: 0px;"> </td> </tr> <tr> <td style="width: 538.25px; 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;">Interest paid, net of capitalized interest</font></p> </td> <td style="width: 29.8594px; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-left: 3pt; margin-bottom: 0pt; text-indent: -3pt; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 79.3281px; 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;">57</font></p> </td> <td style="width: 39.5938px; 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;">$</font></p> </td> <td style="width: 75.5938px; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="3"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; line-height: normal; font-size: 16pt;"><font style="font-family: Arial;">63</font></p> </td> <td style="vertical-align: top; width: 0px;"> </td> </tr> </table> <p style="margin-top: 0pt; margin-bottom: 8pt;"> </p> </div></div> 240781 240781 240781 Investment Advance - Open Account - Kinder Morgan, Inc. 1 <div><p class="MsoNormal"><font style="font-size: 17.0pt; line-height: 107%; font-family: 'Arial',sans-serif;"><font style="font-size: 16pt;">See page 122.1, Notes to Financial Statements, Note 5 &#8220;Debt&#8221; and Note 7 "Related Party Transactions." A summary of the accounting for these transactions follows.</font></font></p></div> <div><!--?xml version="1.0" encoding="utf-8" standalone="no"?--> <p><font style="font-family: Arial; font-weight: bold; text-decoration-line: underline; font-size: 16pt;">Senior Notes - 3.5% Series due February 2032:</font></p> <div class="Section1"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 14pt; font-size: 16pt;"><font style="font-family: Arial; text-decoration: underline;">Account 181:</font></p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 421.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Balance at beginning of year, 3.5% Senior Notes</font></p> </td> <td style="width: 11.7pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 115.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> <tr> <td style="width: 421.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Debt issuance costs, 3.5% Senior Notes</font></p> </td> <td style="width: 11.7pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 115.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2,369,272</font></p> </td> </tr> <tr> <td style="width: 421.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Amortization of debt expense, 3.5% Senior Notes</font></p> </td> <td style="width: 11.7pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 115.2pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(165,536)</font></p> </td> </tr> <tr> <td style="width: 421.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Balance at end of year, 3.5% Senior Notes</font></p> </td> <td style="width: 11.7pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 115.2pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2,203,736</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 14pt; font-size: 16pt;"><font style="font-family: Arial; text-decoration: underline;">Account 221:</font></p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 421.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Balance at beginning of year, 3.5% Senior Notes</font></p> </td> <td style="width: 11.7pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 115.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> <tr> <td style="width: 421.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Issuance of 3.5% Senior Notes</font></p> </td> <td style="width: 11.7pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 115.2pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">300,000,000</font></p> </td> </tr> <tr> <td style="width: 421.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Balance at end of year, 3.5% Senior Notes</font></p> </td> <td style="width: 11.7pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 115.2pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">300,000,000</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 14pt; font-size: 16pt;"><font style="font-family: Arial; text-decoration: underline;">Account 226:</font></p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 10.5pt;"> <td style="width: 417.4pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Balance at beginning of year, 3.5% Senior Notes</font></p> </td> <td style="width: 9.5pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 115.4pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> <tr style="height: 13.9pt;"> <td style="width: 417.4pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Debt discount, 3.5% Senior Notes</font></p> </td> <td style="width: 9.5pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 115.4pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">48,000</font></p> </td> </tr> <tr style="height: 8.15pt;"> <td style="width: 417.4pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Amortization of debt discount, 3.5% Senior Notes</font></p> </td> <td style="width: 9.5pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 115.4pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(3,490)</font></p> </td> </tr> <tr style="height: 23.85pt;"> <td style="width: 417.4pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Balance at end of year, 3.5% Senior Notes</font></p> </td> <td style="width: 9.5pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 115.4pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">44,510</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold; text-decoration: underline;">Debentures - 8.625% Series Due January 2022:</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 14pt; font-size: 16pt;"><font style="font-family: Arial; text-decoration: underline;">Account 181:</font></p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 421.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Balance at beginning of year, 8.625% Debentures</font></p> </td> <td style="width: 7.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 115.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">24,404</font></p> </td> </tr> <tr> <td style="width: 421.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Amortization of debt expense, 8.625% Debentures</font></p> </td> <td style="width: 7.2pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 115.2pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(24,404)</font></p> </td> </tr> <tr> <td style="width: 421.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Balance at end of year, 8.625% Debentures</font></p> </td> <td style="width: 7.2pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 115.2pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 14pt; font-size: 16pt;"><font style="font-family: Arial; text-decoration: underline;">Account 221:</font></p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 416.7pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Balance at beginning of year, 8.625% Debentures</font></p> </td> <td style="width: 11.7pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 115.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">260,000,000</font></p> </td> </tr> <tr> <td style="width: 416.7pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Repayment of 8.625% Debentures</font></p> </td> <td style="width: 11.7pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 115.2pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(260,000,000)</font></p> </td> </tr> <tr> <td style="width: 416.7pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Balance at end of year, 8.625% Sr. Notes</font></p> </td> <td style="width: 11.7pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 115.2pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; text-decoration-line: underline; font-size: 16pt;">Account 226:</font></p> </div> <div class="Section2"> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 416.7pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Balance at beginning of year, 8.625% Debentures</font></p> </td> <td style="width: 11.7pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 115.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2,268</font></p> </td> </tr> <tr> <td style="width: 416.7pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Amortization of debt discount, 8.625% Debentures</font></p> </td> <td style="width: 11.7pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 115.2pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(2,268)</font></p> </td> </tr> <tr> <td style="width: 416.7pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Balance at end of year, 8.625% Debentures</font></p> </td> <td style="width: 11.7pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 115.2pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 0pt; font-size: 16pt;"> </p> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold; text-decoration: underline;">1.466% Intercompany Promissory Note:</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 14pt; font-size: 16pt;"><font style="font-family: Arial; text-decoration: underline;">Account 223:</font></p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 416.7pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Balance at beginning of year, 1.466% Promissory Note</font></p> </td> <td style="width: 2.7pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 115.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> <tr> <td style="width: 416.7pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Issuance of 1.466% Promissory Note</font></p> </td> <td style="width: 2.7pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 115.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">260,000,000</font></p> </td> </tr> <tr> <td style="width: 416.7pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Repayment of 1.466% Promissory Note</font></p> </td> <td style="width: 2.7pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 115.2pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(260,000,000)</font></p> </td> </tr> <tr> <td style="width: 416.7pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Balance at end of year, 1.466% Promissory Note</font></p> </td> <td style="width: 2.7pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 115.2pt; border-bottom: 3pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 14pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </div></div> Gas withdrawn from storage for system balancing purposes. Gas withdrawn from storage for system balancing purposes. Gas delivered to storage for system balancing purposes. Gas delivered to storage for system balancing purposes. 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. Shipper supplied gas and gas lost and unaccounted for are not directly charged to an account. As directed under FERC Order No. 581, we record "Other Regulatory Assets/Liabilities" (Accounts 182.3 / 254) through offsetting entries booked to "Regulatory Debits/Credits", (Accounts 407.3/.4) for any excess or deficiency in net shipper supplied gas (Line 37). This footnote applies to Lines 4 and 26 for all periods within the quarter. Dth (e) Dollars (i) Off System Gas Used - Dr. 854 / Cr. 810 36,241 $ 237,871 Other Gas Used - Dr. 856 / Cr. 812 56,552 371,185 Other Electric Equivalent Use - Dr. 855 / Cr. 131 18,795 123,362 Total Gas Used for Other Operations 111,588 $ 732,418 Dth (e) Dollars (i) Off System Gas Used - Dr. 854 / Cr. 810 36,601 $ 137,733 Other Gas Used - Dr. 856 / Cr. 812 98,985 372,490 Other Electric Equivalent Use - Dr. 855 / Cr. 131 25,763 96,949 Total Gas Used for Other Operations 161,349 $ 607,172 Dth (e) Dollars (i) Off System Gas Used - Dr. 854 / Cr. 810 28,522 $ 142,168 Other Gas Used - Dr. 856 / Cr. 812 73,846 368,085 Other Electric Equivalent Use - Dr. 855 / Cr. 131 25,305 126,133 Total Gas Used for Other Operations 127,673 $ 636,386 Recorded pursuant to Docket No. CP96-321 and RP10-1398. Amortized using the transmission depreciation rate of 2.20%. Recorded pursuant to Docket No. CP93-253 and RP10-1398. Amortized using the transmission depreciation rate of 2.20%. Recorded pursuant to Docket No. RP08-426 and RP10-1398. Recorded pursuant to Medicare Program Medicare Prescription Drug Benefit, final rule issued on January 28, 2005 and FERC Order No. 552 issued on March 31, 1993. Recorded pursuant to Docket No. RP05-422. Recorded pursuant to Section 10.3 of the General Terms and Conditions of our tariff. In accordance with FERC Order No. 581, we use the fixed asset method. The cost rate percentage of common equity is based on the approved rate in Docket No. RP10-1398-000. Page 204, Line 124, Column (g) $ 36,327 Less: Computer Equip & Hardware (Fully Depreciated) 13 $ 36,314 Page 204, Line 5, Column (g) $ 13,898 Less: Organization Costs (Fully Depreciated) 44 $ 13,854 Intangible Plant: Rate: Intangible Plant - Software 15.00% Intangible Plant - Miscellaneous 4.00% Plant in Service balance per Page 110, Line 2, Column (c) $ 4,134,235,192 Less: Acquisition Adjustments Page 200, Line 12, Column (b) 501,698 Ending Balance per Page 200, Line 8, Column (b) $ 4,133,733,494 See Page 332 for additional details on Transmission and Compression of Gas by Others. Account Amount 142 $998,614 489.2 342,659 Total $1,341,273 Account Amount 146 $252,051 232 2,097,145 242 2,064,267 859 1,656 Total $4,415,119 The Certificated Storage Capacity was converted from Mcf to Dth using a 1.023 conversion factor. Account Amount 407.3 $ 3,776,218 813 19,675,739 Total $ 23,451,957 Account Amount 142 $ 6,666,423 146 22,354 Total $ 6,688,777 Kinder Morgan, Inc. directly owns 97.58% of Kinder Morgan Energy Partners, L.P. and 100% of Kinder Morgan GP LLC. Wilson Sporting Goods Company holds a 45% interest in Cross Country Development, L.L.C. All Accumulated Other Comprehensive Income is related to unrecognized gains on post-retirement benefit plan assets. Depreciation expense $ 97,265,066 Depreciation expense for asset retirement costs 34,259 Expenses of nonutility operations 138,000 Total $ 97,437,325 Depreciation expense $ 95,334,142 Depreciation expense for asset retirement costs 42,759 Expenses of nonutility operations 137,999 Total $ 95,514,900 Sale of intangible assets $ 1,474,560 Sale of non-utility assets 18,969,807 Total $ 20,444,367 Account 134 - Other special deposits $ 48,581 Account 134 - Other special deposits $ 48,585 Account 134 - Other special deposits $ 49,054 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 $ 140,293,021 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 $ 157,095,226 As of December 31, 2021, we estimate that the following deferred tax balance in Account 283 could be used in the development of jurisdictional recourse rates: SIT Regulatory Asset/Liability $ 699,051 East Valley Lateral 758,493 Reacquired Debt (71,854) $ 1,385,690 As of December 31, 2022, we estimate that the following deferred tax balance in Account 283 could be used in the development of jurisdictional recourse rates: SIT Regulatory Asset/Liability $ 779,130 East Valley Lateral 735,044 Reacquired Debt (42,195) $ 1,471,979 This project has separately tracked fuel retention rates. During 2022, we retained 550,909 Dth of gas from our shippers and we consumed 614,685 Dth of gas. Accumulated depreciation has been allocated using the applicable FERC approved rate over time applied to gross plant for each incremental facility. We record and compute book depreciation on a composite basis. Our methodology for allocating depreciation to incremental facilities for cost allocation and rate design purposes in a Section 4 filing may differ from that displayed here. Accumulated deferred income tax is a computed amount representing the tax impact on the difference between allocated composite book depreciation amounts and tax depreciation for each incremental facility. We record and compute book depreciation on a composite basis. Our methodology for allocating composite deferred income taxes to incremental facilities for cost allocation and rate design purposes in a Section 4 filing may differ from that displayed here. Operating expenses are allocated based on gross plant amounts. Our methodology for cost allocation and rate design purposes may differ in a Section 4 rate filing. Maintenance expenses are allocated based on gross plant amounts. Our methodology for cost allocation and rate design purposes may differ in a Section 4 rate filing. Other Expenses (including taxes) are allocated primarily based on assessed value. Our methodology for cost allocation and rate design purposes may differ in a Section 4 rate filing. Industry Research: FIS Capital Markets US LLC See Page 102, "Control Over Respondent" for a description of our ownership structure. Equity in earnings of subsidiary companies $ 6,427,495 Cash distributions of earnings from Mojave Pipeline Company, L.L.C. (Mojave) (6,427,495) Total $ - Equity in earnings of subsidiary companies $ 6,124,615 Cash distributions of earnings from Mojave (6,124,615) Total $ - This amount would be excluded in the development of jurisdictional recourse rates. 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 $ 355,309 108 31,013 186 62,648 926 (3,932,808) Total $ (3,483,838) Account Amount 408.1 $ 549,692 920 7,399,352 923 1,550,101 925 1,693,167 926 1,413,894 930.2 2,310,873 931 1,660,201 Total $ 16,577,280 Account Amount 107 $ 8,268,419 108 1,083,679 Total $ 9,352,098 Account Amount 489.2 $ 139,298 495 (3,992) Total $ 135,306 Account Amount 489.2 $ 2,695,525 495 (18,362) Total $ 2,677,163 Return of Capital Distribution of Earnings Excludes $2,443,403 that relates to fuel amounts paid by us to Mojave Pipeline Company, L.L.C. (Mojave) pursuant to our Firm Transportation contract with Mojave. Use tax is distributed to various accounts based on the accounts charged for the originating invoice. Transferred to Account 211 "Miscellaneous Paid-in Capital. Our cost of debt is based on actual costs incurred. General Plant: Rate: Structures and Improvements 4.00% Office Furniture & Equipment 10.00% Transportation Equipment > 13,000# 1.66% Transportation Equipment Light 13.33% Tools and Work Equipment 10.00% Communications Equipment 10.00% Recorded pursuant to Docket No. RP19-73-006. Amortized over 22.6 years beginning January 2023. These revenues are associated with park and loan agreements. The net monthly park and loan volume activity for the quarter is as follows: Dth Net Park/(Loan) Balance - Beginning of Quarter 12,895,036 Month 1 net activity (1,217,686) Month 2 net activity 383,955 Month 3 net activity 422,324 Net Quarterly Activity (411,407) Net Park/(Loan) Balance - End of Quarter 12,483,629 Total revenues by state, zone and/or rate schedule are as follows: Revenues for GRI and ACA Amount for Current Year (d) Revenues for GRI and ACA Amount for Previous Year (e) Other Revenues Amount for Current Year (f) Other Revenues Amount for Previous Year (g) Total Operating Revenues Amount for Current Year (h) Total Operating Revenues Amount for Previous Year (i) Dekathermof Natural Gas Amount for Current Year (j) Dekathermof Natural Gas Amount for Previous Year (k) Arizona $ 473,943 $ 446,658 $ 233,133,018 $ 240,195,644 $ 233,606,961 $ 240,642,302 369,804,501 398,417,943 California 795,646 751,252 288,593,352 277,088,020 289,388,998 277,839,272 622,156,147 668,151,437 Nevada 2,271 12,021 466,258 3,132,317 468,529 3,144,338 1,865,058 10,797,162 New Mexico 118,441 93,118 33,801,811 33,808,255 33,920,252 33,901,373 91,490,999 82,427,491 Texas 217,097 170,928 79,158,984 80,108,055 79,376,081 80,278,983 169,527,160 151,985,551 Production Area 1,033,081 885,835 104,104,217 103,585,568 105,137,298 104,471,403 804,216,705 788,543,291 Willcox - - 13,242,468 13,284,587 13,242,468 13,284,587 - - Park and Loan - - 24,743,307 27,582,385 24,743,307 27,582,385 - - Total $ 2,640,479 $ 2,359,812 $ 777,243,415 $ 778,784,831 $ 779,883,894 $ 781,144,643 2,059,060,570 2,100,322,875 Excludes 444,847 Dth that relates to fuel amounts paid by us to Mojave pursuant to our Firm Transportation contract with Mojave. 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). Page 204, Line 129, Column (d) $ 7,259,290 Less: Intangible Plant Retirements 314,640 Book Cost of Plant Retired $ 6,944,650 Transmission: Rate: Transmission Facilities 2.32%* Willcox Lateral 2.32%* Willcox Expansion 2.32%* * Includes 0.12% for Negative Salvage Page 110, Line 2, Column (d) $ 4,058,044,726 Less: Account 114 501,698 Page 204, Line 129, Column (b) $ 4,057,543,028 Page 110, Line 2, Column (c) $ 4,134,235,192 Less: Account 114 501,698 Page 204, Line 129, Column (g) $ 4,133,733,494 Page 204, Line 92, Column (g) $ 4,020,647 Less: Santan (Fully Depreciated) 2,191 Less: Land 393 $ 4,018,063 Account Amount 411.1 $ 1,618,944 421 5,003,423 Total $ 6,622,367 Many of the natural gas volumes required to be reported on this page are tracked at the entity level, rather than by discounted, negotiated or recourse rate contracts; therefore, the amounts reported have been allocated to discounted, negotiated or recourse rate contracts based on reasonable assumptions. We had no balance with Kinder Morgan, Inc. (KMI) under the cash management program as of December 31, 2022 and 2021. For further discussion of our participation in KMI's cash management program, see page 122.1 "Notes to Financial Statements," Note 7, "Related Party Transactions." Account Amount 107 $ 3,116,520 108 259,609 186 376,320 408.1 3,648,626 816 6,268 817 98,255 818 389,257 833 223 834 9,615 850 9,388,470 851 1,465,440 852 649 853 8,052,082 856 9,108,919 857 3,875,587 861 2,125,802 862 609 863 9,536,170 864 4,400,811 865 1,238,206 866 1,485 867 2,102 920 5,596,733 Total $ 62,697,758 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: Deferred Investment Tax Credit $ 115,822 Regulatory Liability - DFIT 258,828 Gas Storage 5,581,190 Regulatory Depreciation 3,632,934 ASC 715 Medicare Subsidy 2,199,066 Regulatory Liability - Deferred Income Tax Rate Adjustment 8,451,741 $ 20,239,581 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: Deferred Investment Tax Credit $ 111,294 Regulatory Liability - DFIT 252,245 Gas Storage 5,569,119 Regulatory Depreciation 3,470,675 ASC 715 Medicare Subsidy 2,194,309 Regulatory Liability - Deferred Income Tax Rate Adjustment 6,842,983 $ 18,440,625 Recorded pursuant to Docket No. AI93-5-000 issued April 23, 1993 (Accounting for Income Taxes). We estimate $0.8 million of the ending balance is associated with the projects granted non-traditional rate treatment as reported on page 217. Recorded pursuant to Docket No. RP05-422. Remaining balance at end of current filing period will be refunded through adjustments to future period fuel retention rates.