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2
2023-01-01
2023-12-31
C000995
2
2023-12-31
C000995
2
2022-12-31
C000995
ferc:SingleDayPeakDeliveriesMember
2023-01-01
2023-12-31
C000995
ferc:DeliveredToInterstatePipelinesMember
ferc:SingleDayPeakDeliveriesMember
2023-01-01
2023-12-31
C000995
ferc:DeliveredToOthersMember
ferc:SingleDayPeakDeliveriesMember
2023-01-01
2023-12-31
C000995
ferc:SingleDayPeakDeliveriesMember
21
2023-01-01
2023-12-31
C000995
ferc:DeliveredToInterstatePipelinesMember
ferc:SingleDayPeakDeliveriesMember
21
2023-01-01
2023-12-31
C000995
ferc:DeliveredToOthersMember
ferc:SingleDayPeakDeliveriesMember
21
2023-01-01
2023-12-31
C000995
ferc:SingleDayPeakDeliveriesMember
22
2023-01-01
2023-12-31
C000995
ferc:DeliveredToInterstatePipelinesMember
ferc:SingleDayPeakDeliveriesMember
22
2023-01-01
2023-12-31
C000995
ferc:ThreeDayPeakDeliveriesMember
2023-01-01
2023-12-31
C000995
ferc:DeliveredToInterstatePipelinesMember
ferc:ThreeDayPeakDeliveriesMember
2023-01-01
2023-12-31
C000995
ferc:DeliveredToOthersMember
ferc:ThreeDayPeakDeliveriesMember
2023-01-01
2023-12-31
C000995
ferc:ThreeDayPeakDeliveriesMember
43
2023-01-01
2023-12-31
C000995
ferc:DeliveredToInterstatePipelinesMember
ferc:ThreeDayPeakDeliveriesMember
43
2023-01-01
2023-12-31
C000995
ferc:DeliveredToOthersMember
ferc:ThreeDayPeakDeliveriesMember
43
2023-01-01
2023-12-31
C000995
ferc:ThreeDayPeakDeliveriesMember
44
2023-01-01
2023-12-31
C000995
ferc:DeliveredToInterstatePipelinesMember
ferc:ThreeDayPeakDeliveriesMember
44
2023-01-01
2023-12-31
C000995
6
2023-01-01
2023-12-31
C000995
1
2023-01-01
2023-12-31
C000995
1
2023-01-01
2023-12-31
C000995
2
2023-01-01
2023-12-31
C000995
3
2023-01-01
2023-12-31
C000995
ferc:TransmissionCompressorStationsMember
2023-01-01
2023-12-31
C000995
15
2023-01-01
2023-12-31
C000995
18
2023-01-01
2023-12-31
C000995
16
Cheyenne Plains Gas Pipeline Company, L.L.C.
2023-01-01
2023-12-31
C000995
31
Cheyenne Plains Gas Pipeline Company, L.L.C.
2023-01-01
2023-12-31
C000995
32
Cheyenne Plains Gas Pipeline Company, L.L.C.
2023-01-01
2023-12-31
C000995
33
Cheyenne Plains Gas Pipeline Company, L.L.C.
2023-01-01
2023-12-31
C000995
34
Cheyenne Plains Gas Pipeline Company, L.L.C.
2023-01-01
2023-12-31
C000995
35
Cheyenne Plains Gas Pipeline Company, L.L.C.
2023-01-01
2023-12-31
C000995
ferc:GasUtilityMember
15
2023-01-01
2023-12-31
C000995
ferc:GasUtilityMember
18
2023-01-01
2023-12-31
C000995
1
2023-01-01
2023-12-31
xbrli:pure
utr:kWh
utr:mi
utr:MW
iso4217:USD
iso4217:USD
utr:dth
utr:dth
1
2
1
2
3
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
210886767
210886767
12161598
12161598
12161598
12161598
82027
82027
9432
9432
91459
91459
222956906
222956906
222887692
222887692
69214
69214
10
11
12
13
14
22
23
24
25
26
239645
239645
12152272
12152272
9326
9326
12161598
239645
12401243
433718629
433718629
433718629
433718629
433718629
433718629
226921115
226921115
206797514
206797514
222956906
222956906
3964209
3964209
226921115
226921115
Kinder Morgan, Inc.
M
DE
1.00
Kinder Morgan GP LLC
I
DE
0.0242
Kinder Morgan Energy Partners, L.P.
D
DE
1.00
1
2
3
0
433718629
433638263
2059
433640322
214611330
219028992
206797514
219028992
697245
702318
5468075
3718804
5468075
3718804
1184527
3421043
32033
16720
484885
5479460
1701445
8917223
1983937
4282891
21765633
24134730
8495019
2467374
32244589
30884995
246908868
263252332
214182589
217230677
-9049506
919738
205133083
218150415
163329
270535
4194
3258
5125
1574156
2173444
1510997
8505819
3252676
10958181
120862
315858
8746075
7137967
29328521
26358253
327651
331658
38523109
34143736
246908868
263252332
8628390
31647619
8628390
31647619
6348411
7351441
6348411
7351441
320215
644991
320215
644991
12161598
12202560
12161598
12202560
239645
238789
239645
238789
1063692
1432569
1063692
1432569
1180054
2889929
1180054
2889929
2624863
3301382
2624863
3301382
-88281
-6456
-88281
-6456
2970193
2895508
2970193
2895508
6462971
800189
6462971
800189
17997311
24370666
17997311
24370666
-9368921
7276953
-9368921
7276953
244052
97189
299
2857
1000
245351
100046
435
435
435
435
61278
24987
61278
24987
183638
74624
2798
4368
279
2662
2519
1706
-9187802
7349871
-9187802
7349871
7349871
-9187802
919738
1103736
-9187802
7349871
-9049506
1165060
-554026
1603629
5738841
2998780
4217171
258186
1090328
602102
1880248
860288
2970576
267136
-204826
-823243
-2207758
-823243
-2207758
553707
507232
123485
117660
464756
520307
258186
1090328
366133
413147
1855243
3239963
286857
309783
947571
1028366
184385
191836
11155
11259
5051478
7429881
231537
495978
75044
139752
12779
8533
855
728
320215
644991
5371693
8074872
986419
962271
31832
16908
128617
139923
50108
48056
90657
94879
510966
473438
121952
168433
116685
132633
82940
92777
2120176
2129318
2120176
2129318
6668626
7996432
Amortization of intangible plant
239645
238789
239645
238789
1
Change in gas owed to system
5073
320779
Change in miscellaneous deferred debits
-40558
-270366
Change in other deferred credits
-194996
244661
-230481
295074
1
2
3
Net salvage / (cost of removal)
9432
-421277
9432
-421277
1
Distributions to Member
1416609
20542897
1416609
20542897
1
12161598
12202560
-3431500
2120306
-7215778
2608343
-7680213
3572165
-2298954
1978787
1978224
285988
578
5519
3363625
21472104
188891
459930
578
5519
197745
33134
1749271
909969
13896
-1947016
-929207
-1416609
-20542897
Matthew J. Wojtalewicz
Vice President and Controller
1001 Louisiana Street, Suite 1000, Houston, TX 77002
true
false
Cheyenne Plains Gas Pipeline Company, L.L.C. (CPG) is a Delaware limited liability company originally organized as a corporation on February 12, 2003. On November 4, 2003, CPG filed with the State of Delaware a Certificate of Conversion from a corporation to a limited liability company, pursuant to Section 266 of the Delaware General Corporation Law and Section 18-214 of the Delaware Limited Liability Company Act.
Respondent is engaged in the transmission of natural gas in the states of Colorado and Kansas.
false
<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 2 "Summary of Significant Accounting Policies."</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. None.</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">12. Changes made during the year ended December 31, 2023:</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">Appointments:</font></p>
<p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">Pete Almaraz - Vice President</font></p>
<p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">Eric McCord - Vice President and Secretary</font></p>
<p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">Angela S. Teer - Assistant Secretary</font></p>
<p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">Tim Cronin - Assistant Secretary</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">Resignations:</font></p>
<p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">Adam S. Forman - Vice President and Secretary</font></p>
<p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">Julia Forrester-Sellers - Assistant Secretary</font></p>
<p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">Eric McCord - Assistant Secretary</font></p>
<p style="padding-left: 30px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">Michael J. Pitta - Vice President</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">13. N/A.</font></p>
<p style="margin:0pt"><br/></p></div>
Distributions of Earnings to Member
211
-781442
-7533869
1
2467374
6088848
61203
8495019
2467374
6088848
61203
8495019
6088848
61203
2075013
5116688
51461
7140240
392361
972160
9742
1354779
26358253
2970193
75
29328521
26358253
2970193
75
29328521
2970193
75
22162601
2497402
63
24660066
4195652
472791
12
4668455
331658
4007
327651
331658
4007
327651
4007
278870
3369
275501
52788
638
52150
Other (less than $250,000)
435
Third Party Deposit Interest (FERC interest rate)
2798
1
3
5
7
9
10
12
14
16
17
702318
2998780
2998780
1603629
1603629
-1400224
-1400224
697245
343217
343217
2.0315
2.0315
Revaluation of Monthly Encroachments in Account 117.4
1400224
Loss on Settlement of Gas Imbalances
29155
Revaluation of Imbalances
-3202925
Revaluation of FL&U
2040682
1
2
3
4
Income Tax Gross-Up on AFUDC Equity
Remaining life of assets
Docket No. AI93-5-000 issued April 23, 1993 (Accounting for Income Taxes)
1057591
2132
407.3
58733
1000990
FERC Annual Charge Adjustment
12 months ending September 30
18 CFR 154.402(a) and 18 CFR 382.202
104463
69968
928
121952
52479
Fuel Tracker
Remaining balance at end of current filing period will be recovered through adjustments to future period fuel retention rates.
Docket No. RP09-566-001
2820782
641145
Various
2822385
639542
Electric Power Cost Tracker
Remaining balance at end of current filing period will be recovered through adjustments to future period electric power cost rates.
Docket No. RP14-630
300055
402929
407.3
412058
290926
1116174
3415128
1
2
3
4
Deferred Income Tax Rate Adjustment (amortized through May 2040)
6417762
411.1
370116
6047646
Revenue Sharing
720205
142
712914
2601730
2609021
Fuel Tracker
Various
145240
234648
89408
1228270
2836378
1
2
3
Gas Imbalance Due to Others
1510997
1
91
91
71
71
2719236
3801
574810
578611
3040087
4256
656412
660668
3080221
4313
656883
661196
2719236
3801
574901
578702
3040087
4256
656483
660739
3080221
4313
656883
661196
1
FT-1
1915712
2679
558179
560858
2659753
3724
604318
608042
2635682
3690
609997
613687
IT-1
803524
1122
1122
380334
532
532
444539
623
623
PAL
16631
16631
52094
52094
46886
46886
1
2
3
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
Not Prepared
Colorado
CO
Fully Owned and Operated by Respondent
214.7
Kansas
KS
Fully Owned and Operated by Respondent
198.3
Subtotal Fully Owned and Operated by Respondent
413.0
413.0
1
2
3
4
5
6
7
8
Interconnect Imbalance
4362532
1297426
2174494
1001308
FT-1
850
395
14930
391
IT-1
14578
6741
12305
6750
PAL
1614194
769779
2587746
1022274
Cashouts
157064
68999
194683
35826
6149218
2143340
4984158
2066549
1
2
3
4
5
12079
12079
12
COMPRESSION
Colorado Interstate Gas Company, L.L.C. (Red Cloud)
true
Received from: Colorado Interstate Gas Company, L.L.C. (Red Cloud)
true
Payment Company: Colorado Interstate Gas Company, L.L.C.
true
947571
308464
308464
1
2
3
4
641
604
641
604
40778
62098
8574892
31572359
8615670
31634457
27778062
49046738
12079
12558
12079
12558
40778
62098
8587612
31585521
8628390
31647619
40778
62098
8587612
31585521
854
72514
Mains Expense
856
202983
602102
275497
5
Account 489.1, Revenues from transportation of gas of others through gathering facilities.
Account 489.2, Revenues from transportation of gas of others through transmission facilities.
7364737
16375431
Account 489.4, Revenues from storing gas of others.
Account 495, Other gas revenues.
7364737
16375431
1
2
3
4
Federal Energy Regulatory Commission 2023 Annual Charge Adjustment (Amortized over 1 year)
69968
69968
69968
182.3
17489
52479
Federal Energy Regulatory Commission 2022 Annual Charge Adjustment (Amortized over 1 year)
139291
139291
104463
182.3
104463
209259
209259
104463
69968
121952
52479
1
2
29444
12143
41587
64951
26786
91737
29444
12143
41587
64951
26786
91737
1141
470
1611
2517
1037
3554
854
810
1141
470
1611
2517
1037
3554
14552
6002
20554
32101
13239
45340
Various
Various
14552
6002
20554
32101
13239
45340
3779
1559
5338
8336
3439
11775
3779
1559
5338
8336
3439
11775
9972
4112
14084
21997
9071
31068
9972
4112
14084
21997
9071
31068
9972
4112
14084
21997
9071
31068
182.3/407.3
254/407.4
Other Dispositions
9972
4112
14084
21997
9071
31068
Gas due from shippers
17415
19735
37150
37665
42683
80348
See Footnote
17415
19735
37150
37665
42683
80348
278
315
593
601
682
1283
854
810
278
315
593
601
682
1283
3384
3834
7218
7319
8292
15611
Various
Various
3384
3834
7218
7319
8292
15611
27918
31635
59553
60381
68420
128801
27918
31635
59553
60381
68420
128801
-14165
-16049
-30214
-30636
-34711
-65347
-14165
-16049
-30214
-30636
-34711
-65347
Other Dispositions
Gas due from shippers
14165
16049
30214
30636
34711
65347
182.3/407.3
254/407.4
14165
16049
30214
30636
34711
65347
8320500
218458
8538958
36386
9299
45685
83007
21214
104221
36386
9299
45685
83007
21214
104221
7988
2041
10029
18223
4656
22879
854
810
7988
2041
10029
18223
4656
22879
20271
5180
25451
46244
11817
58061
Various
Various
20271
5180
25451
46244
11817
58061
-7626
-1949
-9575
-17397
-4446
-21843
-7626
-1949
-9575
-17397
-4446
-21843
15753
4027
19780
35937
9187
45124
15753
4027
19780
35937
9187
45124
15753
4027
19780
35937
9187
45124
182.3/407.3
254/407.4
Other Dispositions
15753
4027
19780
35937
9187
45124
Gas due from shippers
Cheyenne, CO
Transmission Compressor Stations
3
30900
38676900
237347
348315
67357
PT1183H
1
2023-08-13
Kirk, CO
Transmission Compressor Stations
1
10310
18593623
72
95300
32
PT1H
1
2023-02-03
Yuma, CO
Transmission Compressor Stations
2
2000
12272317
366133
135594
3647142
PT8154H
1
2023-07-17
Subtotal Transmission Compressor Stations
6
43210
69542840
237419
366133
579209
67389
3647142
PT9338H
69542840
1
2
3
4
1506176
1506176
986419
986419
2492595
2492595
220663
220663
220663
220663
1726839
1726839
986419
986419
2713258
2713258
2713258
2713258
1527
1527
1527
1527
1646
1646
1646
1646
2716431
2716431
8
8
8
2024-01-14
337249
28850
366099
7574
8613
16187
344823
37463
382286
102302
5426
107728
Operational Balancing Agreements
419368
3277
422645
Park and Loan
3968
3968
525638
8703
534341
2024-01-14
1208749
77638
1286387
123476
21982
145458
1332225
99620
1431845
88592
4139
92731
Operational Balancing Agreements
914795
5719
920514
Park and Loan
7936
7936
1011323
9858
1021181
FT-1
30381
61871
8024800
30930696
8055181
30992567
20736646
49004277
IT-1
10397
227
7290
10801
17687
11028
7041416
42461
PAL
542802
630862
542802
630862
1
2
3
4
8366812
27881
8394693
8366812
27881
8394693
56000
56000
9942767
9942767
1623596
1623596
284652576
284652576
67888543
112728
82027
67919244
27091952
27091952
4005485
4005485
29696660
29696660
424957579
112728
82027
424988280
115439
115439
104641
104641
57223
21784
79007
36569
36569
313872
21784
335656
313872
21784
335656
433638263
162393
82027
433718629
433638263
162393
82027
433718629
0
1
<div><!--?xml version="1.0" encoding="utf-8" standalone="no"?-->
<div class="Section1">
<p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 18pt;"><font style="font-family: Arial;">1. Construction Overhead</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 18pt;"><font style="font-family: Arial;">(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 style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 18pt;"><font style="font-family: Arial;">(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 style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 18pt;"><font style="font-family: Arial;">(c) Costs are accumulated in a blanket overhead project and distributed monthly to individual construction projects.</font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 18pt;"><font style="font-family: Arial;">(d) Different overhead rates are applied based on the nature of the construction project.</font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 18pt;"><font style="font-family: Arial;">(e) The basis for the differentiation in overhead rates stems from the economies of scale that are achieved with these projects.</font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 18pt;"><font style="font-family: Arial;">(f) Overheads are directly assigned to each project.</font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 18pt;"><br/></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 18pt;"><font style="font-family: Arial;">2. Allowance for Funds Used During Construction</font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 18pt;"><font style="font-family: Arial;">Allowance for funds used during construction is calculated below.</font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 18pt;"><br/></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 18pt;"><font style="font-family: Arial;">3. Net-of-Tax rate for borrowed funds</font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 18pt;"><font style="font-family: Arial;">Not Applicable</font></p>
</div></div>
0
0
218150415
Cheyenne Plains Gas Pipeline Company, L.L.C.
1.0000
0.14
218150415
1.0000
6808
0.14
0.0405
0.0434
244001
5468075
1749271
3718804
244001
1749271
244001
5468075
1749271
3718804
Investment Advance - Open Account - Kinder Morgan, Inc.
8
7
5
4
2
1
Transfer from Account 216
781442
Transfer from Account 236
-3266
Transfer from Account 186
-2409655
Distributions to Member
-1416609
-3048088
1
2
3
4
217230677
214182589
24362022
Net Operating Loss Carryforward
24362022
12401243
Book Depreciation and Amortization
56601
AFUDC Equity - Regulatory Asset
5278
Meals and Entertainment
435
Lobbying Expense
26143
Unearned Revenue
12489700
2941247
Federal Income Tax
490253
State Deferred Income Tax
279
AFUDC - Book Capitalized Interest
299
AFUDC Equity - Book Capitalized Amount
11454
Capitalized Overhead - Book
40558
Revenue Reserve
221139
Deferred Revenue
3705229
23949259
Tax Depreciation and Amortization
9432
Cost of Removal
23958691
21% of Taxable Income
Return to Provision/Other
Federal Income Tax - Current
5
8
9
10
11
12
15
16
17
18
19
20
21
24
25
29
30
31
32
33
34
Deferred Park and Loan Revenue
315858
489.2
441496
220357
94719
Revenue Levelization
26143
26143
441496
246500
1
2
2524
484
Shared Service Allocations
113677
6
Other (less than $250,000)
127514
127514
1
93561
Health and life insurance
282117
Long-term disability insurance
6999
401K Employer contributions
115327
Other
12962
6
7
8
9
Directly Charged Salaries and Wages
Kinder Morgan, Inc.
Various
2487505
Other Compensation and Benefits
Kinder Morgan, Inc.
Various
434599
Shared Services
Kinder Morgan, Inc.
Various
855775
Compression Agreement
Colorado Interstate Gas Company, L.L.C.
858
947571
Construction Overheads
Kinder Morgan, Inc.
107
11455
4736905
2
3
4
5
6
Advance of Deferred Income Taxes to Member
23864364
211
2409655
21454709
Revenue Levelization
270366
580559
142
540001
310924
580559
2949656
1
2
Federal Income Tax
Federal Tax
Federal
-3266
3266
Subtotal Federal Tax
-3266
3266
State Income Tax - Colorado
State Tax
Colorado
0.0225
State Income Tax - Kansas
State Tax
Kansas
0.0279
Texas Margin Tax
State Tax
Texas
2022
-10537
-19275
-29812
-19275
Texas Margin Tax
State Tax
Texas
2023
-69006
-69006
-69006
Subtotal State Tax
-10537
-88281
-29812
-69006
-88281
Ad Valorem Tax - Colorado
Ad Valorem Tax
Colorado
2022
1180000
-10385
1169615
-10385
Ad Valorem Tax - Colorado
Ad Valorem Tax
Colorado
2023
845000
845000
845000
Ad Valorem Tax - Kansas
Ad Valorem Tax
Kansas
2022
1007243
1007243
Ad Valorem Tax - Kansas
Ad Valorem Tax
Kansas
2023
1597439
799277
798162
1597439
Subtotal Ad Valorem Tax
2187243
2432054
2976135
1643162
2432054
Use Tax - Colorado
Sales And Use Tax
Colorado
2023
4
217
221
217
Subtotal Sales And Use Tax
4
217
221
217
Payroll - FICA Tax
Payroll Tax
Federal
2023
186257
186257
186257
Payroll - Unemployment Tax
Payroll Tax
Federal
2023
6536
6536
6536
Subtotal Payroll Tax
192793
192793
192793
Miscellaneous Tax, Licenses and Fees
Miscellaneous Other Tax
Colorado
2023
16
16
16
Subtotal Miscellaneous Other Tax
16
16
16
2536799
3139353
3266
2536582
217
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
William E. Morgan
Vice President, Operational Controller
/s/ William E. Morgan
2024-03-21
2
Cheyenne Plains Gas Pipeline Company, L.L.C.
C000995
2023
Q4
1001 Louisiana Street, Suite 1000, Houston, TX 77002
James M. Brossett
Divisional Controller
2 North Nevada Avenue, Colorado Springs, CO 80903
719-520-4721
O
2023-12-31
IRIS Carbon
<div><!--?xml version="1.0" encoding="utf-8" standalone="no"?-->
<p><font style="font-family: Arial; font-size: 16pt; font-weight: bold; text-align: justify;">1. General</font></p>
<div class="Section1">
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We are a Delaware limited liability company formed in 2003. When we refer to "us," "we," "our," "the Company," or "Cheyenne Plains," we are describing Cheyenne Plains Gas Pipeline Company, L.L.C. We are an indirect wholly owned subsidiary of Kinder Morgan, Inc. (KMI).</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Our system consists of approximately 415 miles of natural gas pipeline which extends from the Cheyenne Hub in Weld County, Colorado southeasterly to various interconnections near Greensburg, Kansas. The physical operation of our system is performed by an affiliate, Colorado Interstate Gas Company, L.L.C. (CIG).</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2. Summary of Significant Accounting Policies</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Basis of Presentation</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We have prepared our accompanying financial statements in accordance with the accounting requirements of the Federal Energy Regulatory Commission (FERC) as set forth in its applicable Uniform System of Accounts and published accounting releases, which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America (GAAP).</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The most significant differences between GAAP and the financial statements presented herein are: (i) the deferral of certain costs and revenues, (ii) the classification of certain accounts on the balance sheet and statement of income, and (iii) the inclusion and classification of income taxes in a limited liability company's financial statements.</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Management has evaluated subsequent events through March 21, 2024, the date the financial statements were available to be issued.</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Use of Estimates</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Certain amounts included in or affecting our financial statements and related disclosures must be estimated, requiring us to make certain assumptions with respect to values or conditions which cannot be known with certainty at the time our financial statements are prepared. These estimates and assumptions affect the amounts we report for assets and liabilities, our revenues and expenses during the reporting period, and our disclosures, including those related to contingent assets and liabilities at the date of our financial statements. We evaluate these estimates on an ongoing basis, utilizing historical experience, consultation with experts and other methods we consider reasonable in the particular circumstances. Nevertheless, actual results may differ significantly from our estimates. Any effects on our business, financial position or results of operations resulting from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known.</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Certain accounting policies are of more significance in our financial statement preparation process than others, and set out below are the principal accounting policies we apply in the preparation of our financial statements.</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Cash Equivalents</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We define cash equivalents as all highly liquid short-term investments with original maturities of three months or less.</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Allowance for Credit Losses</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; font-size: 16pt; text-align: justify;"><font style="font-family: Arial; font-size: 16pt; text-align: justify;">We evaluate our financial assets measured at amortized cost and off-balance sheet credit exposures for expected credit losses over the contractual term of the asset or exposure. We consider available information relevant to assessing the collectability of cash flows including the expected risk of credit loss even if that risk is remote. We measure expected credit losses on a collective (pool) basis when similar risk characteristics exist and we reflect the expected credit losses on the amortized cost basis of the financial asset as of the reporting date.</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; font-size: 16pt; text-align: justify;"><font style="font-family: Arial; font-size: 16pt; text-align: justify;">Our financial instruments primarily consist of our accounts receivable from customers and note receivable from affiliate. We utilized historical analysis of credit losses experienced over the previous five years along with current conditions and reasonable and supportable forecasts of future conditions in our evaluation of collectability of our financial assets.</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt; text-align: justify;">We had no allowance for credit losses recorded as of December 31, 2023 and 2022.</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-style: italic; font-size: 16pt; text-align: justify;">Natural Gas Imbalances</font></p>
</div>
<div class="Section2">
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Natural gas imbalances occur when the amount of natural gas delivered from or received by a pipeline system differs from the scheduled amount of gas to be delivered or received. We value these imbalances due to or from shippers and operators at current index prices. Imbalances are settled in cash or made up in-kind, subject to the terms of our FERC tariff. Imbalances due from others are reported on our balance sheets as part of Account 174 "Miscellaneous Current and Accrued Assets." Imbalances owed to others are reported on our balance sheets as part of Account 242 "Miscellaneous Current and Accrued Liabilities." We classify all imbalances due from or owed to others as current as we expect to settle them within a year.</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Property, Plant and Equipment</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; 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: 0pt; text-align: justify; 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: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We capitalize a carrying cost (an allowance for funds used during construction or AFUDC) on debt and equity funds related to the construction of long-lived assets. This carrying cost consists of a return on the investment financed by debt and a return on the investment financed by equity. The debt portion is calculated based on our most recent FERC approved debt rate. Interest costs capitalized are included as a reduction to interest charges in Account 432 "Allowance for Borrowed Funds Used During Construction - Credit" on our income statements. The equity portion is calculated based on our most recent FERC approved rate of return. Equity amounts capitalized are included in Account 419.1 "Allowance for Other Funds Used During Construction" on our income statements.</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Asset Retirement Obligations (ARO)</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">We record liabilities for obligations related to the retirement and removal of long-lived assets used in our business. We record, as liabilities, the fair value of ARO on a discounted basis when they are incurred and can be reasonably estimated, which is typically at the time the assets are installed or acquired. Amounts recorded for the related assets are increased by the amount of these obligations. Over time, the liabilities increase due to the change in their present value, and the initial capitalized costs are depreciated over the useful lives of the related assets. The liabilities are eventually extinguished when the asset is taken out of service.</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">We are required to operate and maintain our natural gas pipeline system, and intend to do so as long as supply and demand for natural gas exists, which we expect for the foreseeable future. Therefore, we believe that we cannot reasonably estimate the ARO for our assets because these assets have indeterminate lives. We continue to evaluate our ARO and future developments could impact the amounts we record. We had no ARO recorded as of December 31, 2023 and 2022.</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic; font-size: 16pt;">Long-lived Asset Impairments</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">We evaluate our long-lived assets for impairment when events or changes in circumstances indicate that the carrying values may not be recoverable through the regulatory process. These events include changes in the manner in which we intend to use a long-lived asset, decisions to sell an asset and adverse changes in the legal or business environment such as adverse actions by regulators. If an event occurs and if an impairment is indicated, we adjust the carrying value of the asset downward, if necessary and upon regulatory approval, to its estimated recoverable value.</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">There were no impairments for the years ended December 31, 2023 and 2022.</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic; font-size: 16pt;">Revenue Recognition</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">We segregate each class of revenue by account pursuant to the </font>FERC's<font style="font-family: Arial; font-size: 16pt;"> guidance under Code of Federal Regulations Title 18, Part 201.</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Revenue from Contracts with Customers. </font><font style="font-family: Arial;">We review our contracts with customers using the following steps to recognize revenue based on the transfer of goods or services to customers and in amounts that reflect the consideration the Company expects to receive for those goods or services. The steps include: (i) identify the contract; (ii) identify the performance obligations of the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and then (v) recognize revenue when (or as) the performance obligation is satisfied. Each of these steps involves management judgment and an analysis of the contract's material terms and conditions.</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">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; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">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 </font><font style="font-family: Arial; font-size: 16pt;">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; 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, 2023 and 2022, contract asset and liability balances were not material.</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; 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, 2023, revenue from our three largest customers was approximately $2.8 million, $0.9 million and $0.9 million,</font><font style="font-family: Arial; -aw-import: spaces;">  </font><font style="font-family: Arial;">each of which exceeded 10% of our operating revenues. For the year ended December 31, 2022, revenue from our largest customer was approximately $16.4 million, which exceeded 10% of our operating revenues.</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic; font-size: 16pt;">Legal Proceedings</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">We are party to various legal, regulatory and other matters arising from the day-to-day operations of our business that may result in claims against the Company. Although no assurance can be given, we believe, based on our experiences to date and taking into account established reserves, that the ultimate resolution of such items will not have a material adverse impact to our business. We believe we have numerous and substantial 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; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">We had no accruals for any outstanding legal proceedings as of December 31, 2023 and 2022.</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic; font-size: 16pt;">Environmental Matters</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">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, such as after the completion of a feasibility study or 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; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">We routinely conduct reviews of potential environmental issues and claims that assist us in identifying environmental issues and </font><font style="font-family: Arial; font-size: 16pt;">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. </font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">We are subject to environmental cleanup and enforcement actions from time to time. In particular, the Comprehensive Environmental Response, Compensation and Liability Act generally imposes joint and several liability for cleanup and enforcement costs on current and predecessor owners and operators of a site, among others, without regard to fault or the legality of the original conduct, subject to the right of a liable party to establish a "reasonable basis" for apportionment of costs. Our operations are also subject to federal, state and local laws and regulations relating to protection of the environment. Although we believe our operations are in substantial compliance with applicable environmental laws and regulations, risks of additional costs and liabilities are inherent in our operations, and there can be no assurance that we will not incur significant costs and liabilities. Moreover, it is possible that other developments could result in substantial costs and liabilities to us, such as increasingly stringent environmental laws, regulations and enforcement policies under the terms of authority of those laws, and claims for damages to property or persons resulting from our operations.</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">Although it is not possible to predict the ultimate outcomes, we believe that the resolution of the environmental matters, and other matters to which we are a party, will not have a material adverse effect on our business. We had no accruals for any outstanding environmental matters as of December 31, 2023 and 2022.</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic; font-size: 16pt;">Regulatory Assets and Liabilities</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">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, helvetica, sans-serif;">ratemaking</font><font style="font-family: Arial; font-size: 16pt;"> process. Refer to Note 6 for further information.</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; 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; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">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; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">We record current income taxes based on our taxable income and we provide for deferred income taxes to reflect estimated future tax payments and receipts. Deferred taxes represent the tax impacts of differences between the financial statement and tax bases of assets and liabilities and carryovers at each year end. We account for tax credits under the flow-through method, which reduces the provision for income taxes in the year the tax credits first become available. We reduce deferred tax assets by a valuation allowance when, based on our estimates, it is more likely than not that a portion of those assets will not be realized in a future period. The estimates utilized in the recognition of deferred tax assets are subject to revision, either up or down, in future periods based on new facts or circumstances. Income taxes charged to us are reflected in the accompanying comparative balance sheet in Account 236 "Taxes Accrued" and Accounts 190, 282, and 283 "Accumulated Deferred Income Taxes." A portion of the activity in Account 211 "Miscellaneous Paid-In Capital" reflects the income taxes assigned or advanced to our Member. Current income taxes assigned to our Member are transferred into Account 211 from Account 236. Deferred income taxes advanced to our Member are transferred into Account 211 with an offsetting adjustment to Account 186 "Miscellaneous Deferred Debits." For more information, see Note 5.</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">The following table reflects the components of income tax (benefit)/expense included in net income (in millions):</font></p>
</div>
<div class="Section5">
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify;"><font style="-aw-import: ignore;"> <br/></font></p>
<table style="border-collapse: collapse;" cellspacing="0" cellpadding="0">
<tr style="height: 25.2pt;">
<td style="width: 568.4pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt dashed #bbbbbb; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: top; -aw-border-bottom: 0.75pt dash-large-gap; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 319.15pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Year Ended December 31,</font></p>
</td>
</tr>
</table>
</div>
<p style="margin:0pt"><br/></p>
<div class="Section6">
<table style="border-collapse: collapse;" cellspacing="0" cellpadding="0">
<tr style="height: 25.2pt;">
<td style="width: 568.4pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: top; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 149.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2023</font></p>
</td>
<td style="width: 158.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 568.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Current:</font></p>
</td>
<td style="width: 149.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 158.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 568.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Federal</font></p>
</td>
<td style="width: 17.6pt; border-top: 1pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 130.93pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; vertical-align: top; -aw-border-left: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
<td style="width: 60.75pt; border-top: 1pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 96.82pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; vertical-align: top; -aw-border-left: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 568.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">State</font></p>
</td>
<td style="width: 149.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(0.1)</font></p>
</td>
<td style="width: 158.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<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: 25.2pt;">
<td style="width: 568.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 149.9pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(0.1)</font></p>
</td>
<td style="width: 158.95pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2">
<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: 25.2pt;">
<td style="width: 568.4pt; border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt dashed #bbbbbb; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 4.4pt; vertical-align: bottom; -aw-border-right: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 149.4pt; border-top: 3pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 158.95pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 568.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Deferred:</font></p>
</td>
<td style="width: 149.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 158.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 568.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Federal</font></p>
</td>
<td style="width: 149.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(2.9)</font></p>
</td>
<td style="width: 158.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1.7</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 568.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">State</font></p>
</td>
<td style="width: 149.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(0.5)</font></p>
</td>
<td style="width: 158.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.4</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 568.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 149.9pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(3.4)</font></p>
</td>
<td style="width: 158.95pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 4.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2.1</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 568.9pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Total income tax (benefit)/expense</font></p>
</td>
<td style="width: 17.6pt; border-top: 3pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 130.93pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(3.5)</font></p>
</td>
<td style="width: 60.75pt; border-top: 3pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 96.82pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2.1</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 567.9pt; border-top: 0.75pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 17.6pt; border-top: 3pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 131.05pt; border-top: 3pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 60.75pt; border-top: 3pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 96.95pt; border-top: 3pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
</tr>
</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The differences between our actual income tax (benefit)/expense and the amount computed by applying the statutory federal income tax rate of 21% are summarized as follows (in millions):</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-indent: 36pt; text-align: justify; font-size: 13.5pt;"><font style="-aw-import: ignore;"> <br/></font></p>
<table style="border-collapse: collapse;" cellspacing="0" cellpadding="0">
<tr style="height: 25.2pt;">
<td style="width: 558.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt dashed #bbbbbb; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: top; -aw-border-bottom: 0.75pt dash-large-gap; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 13.5pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 297.95pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="4">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Year Ended December 31,</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 558.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: top; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 135.95pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2023</font></p>
</td>
<td style="width: 131.45pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 560.1pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Income tax expense at the statutory federal rate</font></p>
</td>
<td style="width: 51.55pt; border-top: 4.5pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 81.03pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(2.7)</font></p>
</td>
<td style="width: 49.3pt; border-top: 4.5pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 78.72pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2.0</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 560.1pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">State income tax, net of federal income tax effect</font></p>
</td>
<td style="width: 135.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(0.5)</font></p>
</td>
<td style="width: 131.45pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.4</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 560.1pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Regulatory liability amortization</font></p>
</td>
<td style="width: 135.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(0.3)</font></p>
</td>
<td style="width: 131.45pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1.5pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(0.3)</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 560.1pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Total income tax (benefit)/expense</font></p>
</td>
<td style="width: 51.55pt; border-top: 3pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 81.03pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(3.5)</font></p>
</td>
<td style="width: 49.3pt; border-top: 3pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 78.72pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt solid #000000; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2.1</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 560.1pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Effective tax rate</font></p>
</td>
<td style="width: 135.95pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">27.7%</font></p>
</td>
<td style="width: 131.45pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">22.3%</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 557.8pt; border-top: 0.75pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt dashed #bbbbbb; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-bottom: 0.75pt dash-large-gap; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 134.8pt; border-top: 3pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt dashed #bbbbbb; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: top; -aw-border-bottom: 0.75pt dash-large-gap; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 130.3pt; border-top: 3pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt dashed #bbbbbb; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: top; -aw-border-bottom: 0.75pt dash-large-gap; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
</tr>
</table>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The following are the components of our net deferred tax liability (in millions):</font></p>
</div>
<div class="Section7">
<table style="border-collapse: collapse;" cellspacing="0" cellpadding="0">
<tr style="height: 25.55pt;">
<td style="width: 565.15pt; border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt dashed #bbbbbb; padding-right: 4.32pt; padding-left: 4.68pt; vertical-align: top; -aw-border-bottom: 0.75pt dash-large-gap; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 13.5pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 300.1pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.32pt; vertical-align: bottom;" colspan="4">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">December 31,</font></p>
</td>
</tr>
<tr style="height: 25.55pt;">
<td style="width: 565.15pt; border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt solid #000000; padding-right: 4.32pt; padding-left: 4.68pt; vertical-align: top; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><br/><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 137.3pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 4.32pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2023</font></p>
</td>
<td style="width: 153.35pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p>
</td>
</tr>
<tr style="height: 25.55pt;">
<td style="width: 566.1pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Deferred tax liabilities:</font></p>
</td>
<td style="width: 136.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: top; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 153.35pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: top; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
</tr>
<tr style="height: 25.55pt;">
<td style="width: 566.1pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Property, plant and equipment</font></p>
</td>
<td style="width: 51.8pt; border-top: 1pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 83.62pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">29.3</font></p>
</td>
<td style="width: 49.55pt; border-top: 1pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 102.28pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">26.4</font></p>
</td>
</tr>
<tr style="height: 25.55pt;">
<td style="width: 566.1pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Regulatory and other assets</font></p>
</td>
<td style="width: 136.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.4</font></p>
</td>
<td style="width: 153.35pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.3</font></p>
</td>
</tr>
<tr style="height: 25.55pt;">
<td style="width: 566.1pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Total deferred tax liabilities</font></p>
</td>
<td style="width: 136.95pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">29.7</font></p>
</td>
<td style="width: 153.35pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">26.7</font></p>
</td>
</tr>
<tr style="height: 25.55pt;">
<td style="width: 566.1pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 136.3pt; border-top: 3pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 153.35pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
</tr>
<tr style="height: 25.55pt;">
<td style="width: 566.1pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Deferred tax assets:</font></p>
</td>
<td style="width: 136.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 153.35pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
</tr>
<tr style="height: 25.55pt;">
<td style="width: 566.1pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Net operating loss carryforwards</font></p>
</td>
<td style="width: 136.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">7.0</font></p>
</td>
<td style="width: 153.35pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.8</font></p>
</td>
</tr>
<tr style="height: 25.55pt;">
<td style="width: 566.1pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Regulatory liability</font></p>
</td>
<td style="width: 136.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1.5</font></p>
</td>
<td style="width: 153.35pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1.6</font></p>
</td>
</tr>
<tr style="height: 25.55pt;">
<td style="width: 545.25pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 24.75pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Other</font></p>
</td>
<td style="width: 136.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
<td style="width: 153.35pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.1</font></p>
</td>
</tr>
<tr style="height: 25.55pt;">
<td style="width: 567.75pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 2.25pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Total deferred tax assets</font></p>
</td>
<td style="width: 136.95pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">8.5</font></p>
</td>
<td style="width: 153.35pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2.5</font></p>
</td>
</tr>
<tr style="height: 25.55pt;">
<td style="width: 544.6pt; border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt dashed #bbbbbb; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.68pt; padding-left: 24.75pt; vertical-align: middle; -aw-border-right: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 136.3pt; border-top: 3pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: middle; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 153.35pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: middle; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
</tr>
</table>
<table style="border-collapse: collapse;" cellspacing="0" cellpadding="0">
<tr style="height: 25.2pt;">
<td style="width: 566.7pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Net deferred tax liability</font></p>
</td>
<td style="width: 46.6pt; border-top: 1.5pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 86.42pt; border-top: 1.5pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">21.2</font></p>
</td>
<td style="width: 45.25pt; border-top: 1.5pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 105.78pt; border-top: 1.5pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">24.2</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 565.4pt; border: 0.75pt dashed #bbbbbb; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: top; -aw-border: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 133.9pt; border-top: 3pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt dashed #bbbbbb; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: top; -aw-border-bottom: 0.75pt dash-large-gap; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 151.9pt; border-top: 3pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt dashed #bbbbbb; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: top; -aw-border-bottom: 0.75pt dash-large-gap; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
</tr>
</table>
<p style="text-align: justify; margin: 14.0pt 0in 14.0pt 0in;"><em><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Net Operating Loss <em>Carryforwards</em></font></em></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; font-size: 16pt; text-align: justify;"><font style="font-family: Arial;"> <font style="font-size: 16.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-theme-font: minor-fareast; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">We have federal and state net operating loss carryforwards with remaining deferred tax asset balances of approximately $5.9 million and $1.1 million, respectively. The federal carryforward has no expiration date and the state carryforwards begin expiring in 2042. We believe that we will be able to generate sufficient taxable income in the future to utilize all of our net operating loss carryforwards. Therefore no valuation allowance has been recorded for the deferred tax assets associated with these net operating loss carryforwards as of December 31, 2023.</font></font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold; font-size: 16pt;">4. Utility Plant</font></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; font-size: 16pt;"><font style="font-family: Arial;">Our net utility plant consisted of the following (in millions):</font></p>
</div>
<div class="Section8">
<table style="border-collapse: collapse;" cellspacing="0" cellpadding="0">
<tr style="height: 25.2pt;">
<td style="width: 371.5pt; border-right: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 191.5pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Annual Depreciation</font></p>
</td>
<td style="width: 314.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;" colspan="4">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">December 31,</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 371.5pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 191.5pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Rates (%)</font></p>
</td>
<td style="width: 146pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2023</font></p>
</td>
<td style="width: 146pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 372.5pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 4.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Transmission facilities</font></p>
</td>
<td style="width: 191.5pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">2.86</font></p>
</td>
<td style="width: 16.25pt; border-bottom: 1pt solid #000000; padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 106pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">424.9</font></p>
</td>
<td style="width: 16.25pt; border-bottom: 1pt solid #000000; padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 106pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">424.9</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 372.5pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 4.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Intangible plant</font></p>
</td>
<td style="width: 191.5pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">2.86</font></p>
</td>
<td style="width: 146pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">8.4</font></p>
</td>
<td style="width: 146pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">8.3</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 372.5pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 4.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">General plant</font></p>
</td>
<td style="width: 191.5pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">2.86</font></p>
</td>
<td style="width: 146pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.3</font></p>
</td>
<td style="width: 146pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.3</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 372.5pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 4.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Accumulated depreciation and amortization</font></p>
</td>
<td style="width: 191.5pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 146pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(226.9)</font></p>
</td>
<td style="width: 146pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(214.6)</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 372.5pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 4.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 191.5pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 16.25pt; border-bottom: 4.5pt solid #000000; padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 106pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">206.7</font></p>
</td>
<td style="width: 16.25pt; border-bottom: 4.5pt solid #000000; padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 106pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">218.9</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 372.5pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 4.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Land</font></p>
</td>
<td style="width: 191.5pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 146pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.1</font></p>
</td>
<td style="width: 146pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.1</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 372.5pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 4.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Construction work in progress</font></p>
</td>
<td style="width: 191.5pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 146pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
<td style="width: 146pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;" colspan="2">
<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: 25.2pt;">
<td style="width: 372.5pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 4.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Net utility plant</font></p>
</td>
<td style="width: 191.5pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 16.25pt; border-bottom: 4.5pt solid #000000; padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 106pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">206.8</font></p>
</td>
<td style="width: 16.25pt; border-bottom: 4.5pt solid #000000; padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 106pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.75pt; padding-left: 5.75pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">219.0</font></p>
</td>
</tr>
</table>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">5. Related Party Transactions</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Proprietary Capital</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The following table reflects changes to our proprietary capital accounts resulting from distributions paid to our Member, as well as other changes in proprietary capital (in millions):</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> <br/></font></p>
<table style="width: 1080.5pt; border-collapse: collapse;" cellspacing="0" cellpadding="0">
<tr style="height: 25.2pt;">
<td style="width: 491.95pt; border-right: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 567.45pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="8">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Year Ended December 31,</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 491.95pt; border-right: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 276.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="4">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2023</font></p>
</td>
<td style="width: 280.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="4">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 491.95pt; border-right: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 129.75pt; border-right: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Account</font></p>
</td>
<td style="width: 136.9pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Account</font></p>
</td>
<td style="width: 124.75pt; border-right: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Account</font></p>
</td>
<td style="width: 145.15pt; border-right: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Account</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 491.95pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 129.75pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">211</font></p>
</td>
<td style="width: 136.9pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">216</font></p>
</td>
<td style="width: 124.75pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">211</font></p>
</td>
<td style="width: 145.15pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">216</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 492.45pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Balance - Beginning of Year</font></p>
</td>
<td style="width: 9.05pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 109.9pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">217.2</font></p>
</td>
<td style="width: 9.1pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 117pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.9</font></p>
</td>
<td style="width: 36.75pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 77.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">227.7</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; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 109.15pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1.1</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 491.45pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 9.05pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 109.4pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 9.1pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 116.5pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 36.75pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 76.7pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></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;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 108.65pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 492.45pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Net (Loss)Income</font></p>
</td>
<td style="width: 9.05pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 109.9pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
<td style="width: 9.1pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 117pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(9.2)</font></p>
</td>
<td style="width: 36.75pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 77.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</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;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 109.15pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">7.3</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 491.45pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 9.05pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 109.4pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 9.1pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 116.5pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 36.75pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 76.7pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></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;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 108.65pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 492.45pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Transfer of net earnings from Account 216</font><font style="font-family: Arial; font-size: 5.33pt; vertical-align: super;">(1)</font></p>
</td>
<td style="width: 9.05pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 109.9pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.8</font></p>
</td>
<td style="width: 9.1pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 117pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(0.8)</font></p>
</td>
<td style="width: 36.75pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 77.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">7.5</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;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 109.15pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(7.5)</font></p>
</td>
</tr>
</table>
</div>
<div class="Section9">
<table style="width: 1081pt; border-collapse: collapse;" cellspacing="0" cellpadding="0">
<tr style="height: 25.2pt;">
<td style="width: 492.45pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Transfer from Account 186</font><font style="font-family: Arial; font-size: 5.33pt; vertical-align: super;">(1)</font></p>
</td>
<td style="width: 9.05pt; 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;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 109.9pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(2.4)</font></p>
</td>
<td style="width: 9.1pt; 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;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 117pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
<td style="width: 36.75pt; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 77.2pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2.5</font></p>
</td>
<td style="width: 25.2pt; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 109.15pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<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: 25.2pt;">
<td style="width: 492.45pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom;">
<p style="margin: 0pt 3.6pt 0pt 21.6pt; font-size: 16pt;"><font style="font-family: Arial;">Total Transfers</font></p>
</td>
<td style="width: 9.05pt; 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;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 109.9pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(1.6)</font></p>
</td>
<td style="width: 9.1pt; 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;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 117pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(0.8)</font></p>
</td>
<td style="width: 36.75pt; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 77.2pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">10.0</font></p>
</td>
<td style="width: 25.2pt; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 109.15pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(7.5)</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 491.45pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 9.05pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 109.4pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 9.1pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 116.5pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 36.75pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 76.7pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></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;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 108.65pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 492.45pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Distributions of pre-tax earnings</font></p>
</td>
<td style="width: 9.05pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 109.9pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1.6</font></p>
</td>
<td style="width: 9.1pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 117pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
<td style="width: 36.75pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 77.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(10.0)</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;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 109.15pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<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: 25.2pt;">
<td style="width: 492.45pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Distributions as return of capital</font></p>
</td>
<td style="width: 9.05pt; 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;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 109.9pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(3.0)</font></p>
</td>
<td style="width: 9.1pt; 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;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 117pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
<td style="width: 36.75pt; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 77.2pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(10.5)</font></p>
</td>
<td style="width: 25.2pt; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 109.15pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<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: 25.2pt;">
<td style="width: 492.45pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom;">
<p style="margin: 0pt 3.6pt 0pt 21.6pt; font-size: 16pt;"><font style="font-family: Arial;">Total Distributions to Member</font></p>
</td>
<td style="width: 9.05pt; 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;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 109.9pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(1.4)</font></p>
</td>
<td style="width: 9.1pt; 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;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 117pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
<td style="width: 36.75pt; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 77.2pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(20.5)</font></p>
</td>
<td style="width: 25.2pt; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 109.15pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<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: 25.2pt;">
<td style="width: 491.45pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 9.05pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 109.4pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 9.1pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 116.5pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 36.75pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 76.7pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></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;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 108.65pt; border-bottom: 1pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 492.45pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Balance - End of Year</font></p>
</td>
<td style="width: 9.05pt; 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; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 109.9pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">214.2</font></p>
</td>
<td style="width: 9.1pt; 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; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 117pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(9.1)</font></p>
</td>
<td style="width: 36.75pt; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 77.2pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">217.2</font></p>
</td>
<td style="width: 25.2pt; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 109.15pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.9</font></p>
</td>
</tr>
</table>
<p style="margin-top: 0pt; margin-bottom: 0pt;"><br/></p>
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="font-family: Arial;">(1) Settlements of these amounts are made within equity and are considered non-cash financing activities.</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Affiliate Balances and Activities</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We participate in KMI's cash management program, which matches the short-term cash surpluses and needs of participating affiliates, thus minimizing total borrowings from outside sources. KMI uses the cash management program to settle intercompany transactions between participating affiliates. As of December 31, 2023 and 2022, we had a note receivable from KMI of approximately $5.5 million and $3.7 million, respectively. The interest rate on this note is variable and was 5.6% and 5.4% as of December 31, 2023 and 2022, respectively. These amounts are included in Account 123 "Investments in Associated Companies" on our balance sheets.</font><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-size: 16pt;">The following table summarizes our other balance sheet affiliate balances (in millions):</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 13.5pt;"><font style="-aw-import: ignore;"> <br/></font></p>
<table style="border: 0.75pt solid #000000; border-collapse: collapse;" cellspacing="0" cellpadding="0">
<tr style="height: 25.2pt;">
<td style="border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 4.18pt; vertical-align: middle;" rowspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Account</font></p>
</td>
<td style="width: 619.9pt; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: top; -aw-border-left: 0.75pt dash-large-gap;" rowspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 347.9pt; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.18pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="4">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">December 31,</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 161.55pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2023</font></p>
</td>
<td style="width: 176.9pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 4.18pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.18pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">174</font></p>
</td>
<td style="border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Gas imbalances receivable from associated companies</font></p>
</td>
<td style="border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 142.45pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.3</font></p>
</td>
<td style="width: 9.6pt; border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 157.2pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.18pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.7</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.18pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">186</font></p>
</td>
<td style="border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Advance of deferred income taxes to Member</font></p>
</td>
<td style="border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 142.45pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">21.5</font></p>
</td>
<td style="width: 9.6pt; border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 157.2pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.18pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">23.9</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; padding-right: 3.9pt; padding-left: 4.18pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">242</font></p>
</td>
<td style="border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Gas imbalances payable to associated companies</font></p>
</td>
<td style="border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 142.45pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.3</font></p>
</td>
<td style="width: 9.6pt; border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 157.2pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; padding-right: 4.18pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1.1</font></p>
</td>
</tr>
</table>
</div>
<div class="Section10">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><br/></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We do not have employees and are operated by an indirect subsidiary of KMI; therefore KMI employees provide 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 in the "Operation, maintenance and payroll tax expenses" line in the table below.</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The following table shows costs from our affiliates (in millions):</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> <br/></font></p>
<table style="border-collapse: collapse;" cellspacing="0" cellpadding="0">
<tr style="height: 25.2pt;">
<td style="width: 595.8pt; border: 1pt solid #000000; padding-right: 3.9pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 13.5pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 242.45pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="4">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Year Ended December 31,</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 595.8pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 0.75pt dashed #bbbbbb; padding-right: 3.9pt; vertical-align: top; -aw-border-bottom: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 112.7pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2023</font></p>
</td>
<td style="width: 110.1pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p>
</td>
</tr>
<tr style="height: 25.2pt;">
<td style="width: 595.8pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Operation, maintenance and payroll tax expenses </font><font style="font-family: Arial; font-size: 9.33pt; vertical-align: super;">(1)</font></p>
</td>
<td style="width: 7.08pt; border-top: 4.5pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt solid #000000; padding-right: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-left: 3.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 104.12pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt solid #000000; padding-right: 3.9pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">4.7</font></p>
</td>
<td style="width: 7.08pt; border-top: 4.5pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt solid #000000; padding-right: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-left: 3.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 101.52pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt solid #000000; padding-right: 3.9pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">4.7</font></p>
</td>
</tr>
<tr style="height: 46.5pt;">
<td style="width: 604.35pt; border-top: 0.75pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt dashed #bbbbbb; vertical-align: middle; -aw-border-bottom: 0.75pt dash-large-gap; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 14pt; margin-bottom: 0pt;"><font style="font-family: Arial;">(1) Includes expenses associated with a compression agreement with CIG.</font><font style="font-family: Arial; -aw-import: spaces;">  </font><font style="font-family: Arial;">Refer to Note 7 “Commitments” for further information..</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 16.8pt; border-top: 0.75pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt dashed #bbbbbb; vertical-align: middle; -aw-border-bottom: 0.75pt dash-large-gap; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 112.55pt; border-top: 0.75pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt dashed #bbbbbb; vertical-align: middle; -aw-border-bottom: 0.75pt dash-large-gap; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 16.8pt; border-top: 0.75pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt dashed #bbbbbb; vertical-align: middle; -aw-border-bottom: 0.75pt dash-large-gap; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> <br/></font></p>
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<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">KMI and substantially all of its wholly owned domestic subsidiaries, including us, are a party to a cross guarantee agreement whereby each party to the agreement unconditionally guarantees, jointly and severally, the payment of specified indebtedness of each other party to the agreement.</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">6. Rate and Regulatory Matters</font></p>
<p style="margin-top: 18pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Regulatory Assets and Liabilities</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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;">As of December 31, 2023, the regulatory assets are subject to recovery in our rates, over a period of approximately one year to 18 years.</font><font style="font-family: Arial; -aw-import: spaces;">  </font><font style="font-family: Arial;">Below are the details of our regulatory assets and liabilities (in millions):</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">December 31,</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
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<td style="width: 78.95pt; border-top: 1pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 2.25pt 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: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2023</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Regulatory assets (Account 182.3)</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;">   </font><font style="font-family: Arial;">Difference between gas retained and gas consumed in operations</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.6</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2.8</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;">   </font><font style="font-family: Arial;">Taxes on capitalized funds used during construction</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 59.75pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; -aw-border-bottom: 0.25pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.25pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1.0</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
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<td style="width: 59.8pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; -aw-border-bottom: 0.25pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.25pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1.1</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;">   </font><font style="font-family: Arial;">Electric power costs</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.3</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.3</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;">   </font><font style="font-family: Arial;">Other</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.1</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.1</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;">      </font><font style="font-family: Arial;">Total regulatory assets </font><font style="font-family: Arial; font-size: 10.67pt; vertical-align: super;">(1)</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2.0</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">4.3</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Regulatory liabilities (Account 254)</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
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</tr>
<tr style="height: 20.15pt;">
<td style="width: 483.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: middle; -aw-border: 0.5pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;">   </font><font style="font-family: Arial;">Income tax related</font></p>
</td>
<td style="width: 8.4pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 59.75pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">6.0</font></p>
</td>
<td style="width: 8.4pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 59.8pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">6.4</font></p>
</td>
</tr>
<tr style="height: 20.15pt;">
<td style="width: 483.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: middle; -aw-border: 0.5pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;">   </font><font style="font-family: Arial;">Revenue sharing</font></p>
</td>
<td style="width: 8.4pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 59.75pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2.6</font></p>
</td>
<td style="width: 8.4pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 59.8pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.7</font></p>
</td>
</tr>
<tr style="height: 20.15pt;">
<td style="width: 483.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: middle; -aw-border: 0.5pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;">   </font><font style="font-family: Arial;">Difference between gas retained and gas consumed in operations</font></p>
</td>
<td style="width: 8.4pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 2.25pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 59.75pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 2.25pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.1</font></p>
</td>
<td style="width: 8.4pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 2.25pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
</td>
<td style="width: 59.8pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 2.25pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
</tr>
</table>
</div>
<div class="Section11">
<table style="width: 674.15pt; margin-left: 4.5pt; -aw-border-insideh: 0.5pt single #000000; -aw-border-insidev: 0.5pt single #000000; border-collapse: collapse;" cellspacing="0" cellpadding="0">
<tr style="height: 20.15pt;">
<td style="width: 483.05pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: middle; -aw-border: 0.5pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;">      </font><font style="font-family: Arial;">Total regulatory liabilities</font></p>
</td>
<td style="width: 8.4pt; border-top: 2.25pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 2.25pt 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; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 59.75pt; border-top: 2.25pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 2.25pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; -aw-border-right: 0.5pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">8.7</font></p>
</td>
<td style="width: 8.4pt; border-top: 2.25pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 2.25pt 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; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 59.8pt; border-top: 2.25pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 2.25pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; -aw-border-right: 0.5pt single;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">7.1</font></p>
</td>
</tr>
</table>
<p style="margin-top: 0pt; margin-left: 72pt; margin-bottom: 0pt; line-height: 108%;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p>
<p style="margin-top: 0pt; margin-left: 72pt; margin-bottom: 8pt; text-indent: -36pt; line-height: 108%; -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: 21.33pt;"><font style="-aw-import: ignore;"><font style="font-family: Arial;">(1)</font><font style="width: 21.33pt; font: 7pt 'Times New Roman'; display: inline-block; -aw-import: spaces;">               </font></font><font style="font-family: Arial;">Assets recoverable without earning a return.</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: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Our significant regulatory assets and liabilities include:</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: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Difference between gas retained and gas consumed in operations.</font><font style="font-family: Arial; font-style: italic; -aw-import: spaces;">   </font><font style="font-family: Arial;"><font style="font-family: Arial, sans-serif; font-size: 16pt;">Amounts reflect the value of the difference between the quantity of gas retained for fuel and lost and unaccounted for (L&U) and the quantity of gas consumed and L&U experienced in our operations.</font><font style="font-family: Arial, sans-serif; font-size: 16pt;">Pursuant to our tariff, the quantities associated with these amounts are expected to be recovered from or returned to our customers in subsequent periods.</font><font style="font-family: Arial, sans-serif; font-size: 16pt;">On a periodic basis, we file reports with the FERC detailing our volumetric fuel and L&U reimbursement activity and establishing prospective fuel and L&U retention rates. Volumetric over- or under-collections of fuel and L&U quantities from prior periods are trued up through either an addition or reduction to the prospective fuel and L&U retention rates.</font></font><font style="font-family: Arial;"><font style="font-family: Arial, sans-serif; font-size: 16pt;">For the years ended December 31, 2023 and 2022, we recorded a net regulatory expense of $2.3 million and a net regulatory benefit of $1.9 million, respectively, related to our fuel and L&U activity.</font></font><font style="font-family: Arial; font-style: italic; -aw-import: ignore;"><br/></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><br/></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Taxes on capitalized funds used during construction.</font><font style="font-family: Arial; font-style: italic; -aw-import: spaces;">  </font><font style="font-family: Arial;">Amounts represent the deferred income taxes on AFUDC equity funds.</font><font style="font-family: Arial; -aw-import: spaces;">  </font><font style="font-family: Arial;">These amounts are recoverable in our tariff rates over the depreciable lives of the assets to which they apply.</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Electricity power costs.</font><font style="font-family: Arial; font-style: italic; -aw-import: spaces;">  </font><font style="font-family: Arial, sans-serif; font-size: 16pt;">We have a FERC approved tariff mechanism to track the electricity power costs at certain compressor stations and an amine gas processing facility on our system. On an annual basis, we file to update the prospective electric power cost charge. Our tariff provides that the difference between the amount of revenue received from the electric power cost charge and the amount of electric costs incurred over the applicable collection period be included in the calculation to update the electric power cost charge. </font><font style="font-family: Arial, sans-serif; font-size: 16pt;"> </font><font style="font-family: Arial, sans-serif; font-size: 16pt;">For the years ended December 31, 2023 and 2022, we recorded a net regulatory expense of less than $0.1 million and a net regulatory benefit of $0.2 million, respectively, related to the provisions of this tracker.</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Income tax related.</font><font style="font-family: Arial; font-style: italic; -aw-import: spaces;">  </font><font style="font-family: Arial;">Amounts represent the anticipated return to ratepayers of deferred income taxes as a result of the Tax Cuts and Jobs Act of 2017, which lowered the U.S. federal corporate income tax rate from 35% to 21% effective January 1, 2018.</font><font style="font-family: Arial; -aw-import: spaces;">  </font><font style="font-family: Arial;">These amounts are amortized to Account 411.1 “Provision for Deferred Income Taxes – Credit” over the remaining depreciable lives of the assets to which they apply. </font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Revenue sharing.</font><font style="font-family: Arial; font-style: italic; -aw-import: spaces;">  </font><font style="font-family: Arial;">Pursuant to our tariff, certain revenues from interruptible transportation services on our system are refundable to shippers.</font><font style="font-family: Arial; -aw-import: spaces;">  </font><font style="font-family: Arial;">We accrue for the refund as the interruptible transportation services are provided.</font><font style="font-family: Arial; -aw-import: spaces;">  </font><font style="font-family: Arial;">Annually, the shippers receive an invoice credit for the refunded amount.</font><font style="font-family: Arial; font-style: italic; -aw-import: ignore;"> <br/></font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold; font-size: 16pt;">7. Commitments</font></p>
<p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We have a compression agreement with CIG resulting in commitments to CIG as of December 31, 2023 of $5.8 million. Our annual commitments under this agreement are $1.0 million in 2024, $0.9 million in 2025, $1.0 million for each of the years 2026 through 2028, and $0.9 million in total thereafter.</font><font style="font-family: Arial; -aw-import: spaces;">  </font><font style="font-family: Arial;">During each of the years ended December 31, 2023 and 2022, we incurred expenses of $1.0 million under this agreement.</font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt;"><font style="-aw-import: ignore;"> <br/></font></p>
</div>
<p style="margin:0pt"><br/></p></div>
FERC Form 2 CPGP System Map 2024.pdf
1
424932
0.0286
336
0.0286
Intangible Plant (footnote details)
8395
0.0286
Other Gas Storage (footnote details)
9
10
Cheyenne Plains Gas Pipeline Company, L.L.C.
27778062
8839544
2143340
627934
308464
213460
248754
68152
178265
56270
30656885
9805360
27778062
8839544
2066549
836022
308464
213460
67389
12233
Off System Compressor Fuel
5125
2308
Net Gas Used for Other Utility Operations
202983
50915
Fuel & L&U Retention True Up
-189622
-70648
Line pack change
236122
-133815
Imbalance Adjustments
-6
25
30475066
9750044
181819
55316
30656885
9805360
16
31
32
33
34
35
Our cost rate percentage for common equity is based on the approved rate in our original certificate in Docket No. CP03-302-004.
Rate for other funds actually used during the year is based upon the capital ratio of 31% common equity specified by a Commission Order dated October 22, 2003 pursuant to Docket No. CP 03-302 multiplied by the 14% common equity cost rate percentage.
Kinder Morgan, Inc. directly owns 97.58% of Kinder Morgan Energy Partners, L.P. and 100% of Kinder Morgan GP LLC.
See Page 102, "Control Over Respondent," for a description of our ownership structure.
Allowance for other funds used during construction
$
299
Allowance for borrowed funds used during construction
279
Total
$
578
Allowance for other funds used during construction
$
2,857
Allowance for borrowed funds used during construction
2,662
Total
$
5,519
As of December 31, 2022, we estimate that the following deferred tax balance in Account 190 could be used in the development of jurisdictional recourse rates:
Regulatory Liability - Deferred Income Tax Rate Adjustment
$
1,602,874
As of December 31, 2023, we estimate that the following deferred tax balance in Account 190 could be used in the development of jurisdictional recourse rates:
Regulatory Liability - Deferred Income Tax Rate Adjustment
$
1,510,435
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
$
26,368,333
As of December 31, 2023, 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
$
29,381,065
As of December 31, 2022, we estimate that no deferred tax balance in Account 283 could be used in the development of jurisdictional recourse rates.
As of December 31, 2023, we estimate that no deferred tax balance in Account 283 could be used in the development of jurisdictional recourse rates.
In accordance with FERC Order No. 581, we use the fixed asset method.
Account
Amount
407.3
$
770,311
813
2,052,074
Total
$
2,822,385
Recorded pursuant to Docket No. AI93-5-000 issued April 23, 1993 (Accounting for Income Taxes).
Recorded pursuant to Docket No. CP03-302. Revenue Sharing dollars are refunded annually.
Recorded pursuant to Docket No. RP09-566-001.
Remaining balance at end of current filing period will be refunded through adjustments to future period fuel retention rates.
Account
Amount
407.4
$
133,848
813
11,392
Total
$
145,240
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
(337,876)
Month 1 net activity
316,192
Month 2 net activity
250,000
Month 3 net activity
55,000
Net Quarterly Activity
621,192
Net Park/(Loan) Balance - End of Quarter
283,316
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
$
289
108
301
926
434,009
Total
$
434,599
Account
Amount
408.1
$
29,571
920
392,381
923
70,317
925
90,657
926
76,957
930.2
113,677
931
82,215
Total
$
855,775
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.
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.
Line 14 dekatherms do not include electric compressor stations. This footnote applies to all periods within the quarter.
Dth (e)
Dollars (i)
Off System Gas Used - Dr. 854 / Cr. 810
644
$
1,393
Other Gas Used - Dr. 856 / Cr. 812
6,574
$
14,218
Total Gas Used for Other Operations
7,218
$
15,611
Dth (e)
Dollars (i)
Off System Gas Used - Dr. 854 / Cr. 810
1,241
$
2,831
Other Gas Used - Dr. 856 / Cr. 812
24,210
$
55,230
Total Gas Used for Other Operations
25,451
$
58,061
Dth (e)
Dollars (i)
Off System Gas Used - Dr. 854 / Cr. 810
423
$
933
Other Gas Used - Dr. 856 / Cr. 812
20,131
$
44,407
Total Gas Used for Other Operations
20,554
$
45,340
Excludes $20,767 related to fuel paid for affiliate compression agreements.
Excludes 5,125 Dth related to fuel paid for affiliate compression agreements.
See Page 332 for additional details on Transmission and Compression of Gas by Others.
Rate for borrowed funds actually used during the year is based upon the capital ratio of 69% long term debt specified by a Commission Order dated October 22, 2003 pursuant to Docket No. CP03-302 multiplied by the 5.87% long-term debt cost rate percentage.
Industry Research:
FIS Capital Markets US LLC
Account
Amount
107
$
1,641
108
1,765
408.1
163,222
850
494,355
851
123,485
853
212,665
856
572,427
857
103,244
863
137,789
864
70,095
865
12,779
920
594,038
Total
$
2,487,505
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).
Use tax is distributed to various accounts based on the accounts charged for the originating invoice.
Transferred to Account 211 "Miscellaneous Paid-in Capital."
Transmission Plant (in thousands)
Pg 204 Ln 92 Col (g)
$
424,988
Less: Land
(56)
$
424,932