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2023-12-31 C002096 8 2023-12-31 C002096 9 2023-01-01 2023-12-31 C002096 9 2023-12-31 C002096 10 2023-01-01 2023-12-31 C002096 10 2023-12-31 C002096 11 2023-01-01 2023-12-31 C002096 12 2023-01-01 2023-12-31 C002096 Other 2023-01-01 2023-12-31 C002096 Other 2022-01-01 2022-12-31 C002096 4 2023-01-01 2023-12-31 C002096 3 2023-01-01 2023-12-31 C002096 3 2023-12-31 C002096 3 2022-12-31 C002096 1 2023-01-01 2023-12-31 C002096 2 2023-01-01 2023-12-31 C002096 3 2023-01-01 2023-12-31 C002096 4 2023-01-01 2023-12-31 C002096 5 2023-01-01 2023-12-31 C002096 6 2023-01-01 2023-12-31 C002096 7 2023-01-01 2023-12-31 C002096 8 2023-01-01 2023-12-31 C002096 1 2023-01-01 2023-12-31 xbrli:pure utr:kWh utr:mi utr:MW iso4217:USD iso4217:USD utr:dth utr:dth Income Tax Gross-up on AFUDC Equity Remaining life of assets Docket No. AI93-5-000 issued April 23, 1993 (Accounting for Income Taxes) 7058672 714226 407.3 404908 7367990 FERC Annual Charge Adjustment 12 months ending September 30 18 CFR 154.402(a) and 18 CFR 382.202 2146446 2924604 928 2877598 2193452 9205118 3638830 3282506 9561442 1 2 Gas Imbalances 29080276 Labor Accrual 635000 Minor Items (less than $250,000) 43500 29758776 1 2 3 1 2 5067753461 5067753461 5067753461 5067753461 60236530 60236530 5127989991 5127989991 3111196106 3111196106 2016793885 2016793885 3105842720 3105842720 5353386 5353386 3111196106 3111196106 Horizon Pipeline Company, L.L.C. J Natural Gas Transmission 0.50 1 0 <div><p><font style="font-family: arial, helvetica, sans-serif;"><!--?xml version="1.0" encoding="utf-8" standalone="no"?--></font></p> <div class="Section1"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">1. None</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">2. None</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">3. None</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">4. None</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">5. None</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">6. None</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">7. None</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">8. None</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">9. See page 122.1, Notes to Financial Statements, Note 2 "Summary of Significant Accounting Policies."</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">10. None</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">11. None</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">12. See page 122.1, Notes to Financial Statements, Note 1 "General."</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">13. N/A</font></p> </div> <p style="margin:0pt"><br/></p></div> 555900938 555900938 555900938 981365920 1098469742 981365920 1098469742 243189130 401249601 243189130 401249601 105207295 102571880 105207295 102571880 109579415 108283096 109579415 108283096 849772 1067154 849772 1067154 404908 774399 404908 774399 714226 3788 714226 3788 39872983 38366981 39872983 38366981 91059858 85531123 91059858 85531123 18181074 21358425 18181074 21358425 12272898 14176307 12272898 14176307 20357554 11099601 20357554 11099601 599545553 762275577 599545553 762275577 381820367 336194165 381820367 336194165 1169043 1739487 3675249 1313504 1512904 11822 3088425 2306632 610809 9445621 5982254 -1265 57284 78500 2100 9746 9746 21369 50000 108350 119130 1897818 1458651 281266 265488 366876 10382 266007 267918 30000 30000 2249953 1436603 7087318 4426521 4237 3196 820667 428728 -816430 -425532 389724115 341046218 389724115 341046218 -1647613 -1647613 341046218 -1647613 -1647613 389724115 -1647613 -1647613 1310691739 1318700427 388555072 339306731 1000000 2250000 1335974797 1335974797 1310691739 141554 652067 1000000 2250000 310597 Distributions to Members 364272014 349565419 1 Amortization of intangible plant 849772 1067154 849772 1067154 1 Net salvage/(cost of removal) 16164252 15040168 Change in customer advances for construction -12664761 -3046068 3499491 11994100 1 2 Distributions to Members 364272014 349565419 364272014 349565419 1 5067753461 4976690803 33828539 5010519342 3034923722 1975595620 2016793885 1975595620 179670214 179670214 11904784 18119294 113259 113259 8395128 8226085 8508387 8339344 472838 2175335 18078292 2919 60000 92870650 112990688 3023 437314 1245506 24683968 25206633 62591450 57275588 1412 29519976 28655055 78924 5960855 228730389 233573991 22711733 33565482 37682317 43944774 69955492 86715374 2515563151 2502013837 555900938 1890538719 1865086618 52278656 37709235 14841103 13573780 3643810 5754860 28129754 27361555 35293009 6949868 128652099 126642307 15020285 10842699 448508 478508 10063992 13644197 145581810 155849978 317500215 319366996 7757523 10102534 496372333 510284912 2515563151 2502013837 Gas Loss and Unaccounted for 9946020 Purchase Hedges MTM 204434 Hedge Broker Fees 14568 10165022 1 2 3 Horizon Pipeline Company, L.L.C. true 466809 5022153 466809 5022153 1 Horizon Pipeline Company, L.L.C. true 380,000 dekatherms per day (Dth/day) leased capacity in 42 miles of transmission pipeline located near Joliet, Illinois. 4161000 Kinder Morgan Illinois Pipeline LLC true 200,000 Dth/day leased capacity in 25.7 miles of transmission pipeline located in Illinois. Provides natural gas transmission services from near Beecher, Illinois to near Burnham, Illinois. 729996 Kinder Morgan Louisiana Pipeline LLC true 200,000 Dth/day leased capacity in 19 miles of transmission pipeline located in Cameron Parish, Louisiana. 825581 5716577 1 2 3 849772 849772 23508534 23508534 82369864 82369864 3701017 3701017 109579415 849772 110429187 Change in system balancing gas 6214510 10230165 Change in gas imbalances -6214510 -10230165 Change in fair value of derivative contracts -1067937 3422474 Change in park and loan service revenue deferrals -3725115 2899826 Net (gain)/loss on disposition of property -1265 -553525 Change in other assets and liabilities 1641733 2317244 -3152584 8086019 1 2 3 4 5 6 NA NA NA NA NA NA NA NA NA NA NA NA Not Prepared 0.0265 1023691 0.0232 3973499 0.0000 41709 0.0000 Intangible Plant (footnote details) 13564 0.0000 Other Gas Storage (footnote details) 9 10 3030412420 3030412420 109579415 109579415 109579415 109579415 16809197 16809197 17411604 17411604 34677 34677 34186124 34186124 Intercompany Transfer of Accumulated Depreciation -30586 -30586 Intangible Amortization Reclassification -7688 -7688 Reverse Loss on Reinstatement of Land 1265 1265 3105842720 3105842720 603974 603974 598116390 598116390 2495333564 2495333564 11788792 11788792 10 18 19 20 13095 13095 13520868 117051 -74121 13563798 13533963 117051 -74121 13576893 7958 7958 16411 16411 315118 315118 264487 264487 603974 603974 603974 603974 603974 603974 324459 324459 5175496 5717 5181213 28606531 71570 248864 28429237 269037854 8966334 1260723 276743465 32397789 32397789 21727307 21727307 80531137 80531137 194339133 2945923 236107 -1463339 195585610 249938538 10014547 818813 -28031 259106241 42549648 108200 19215 56659 42695292 70952712 735008 5293754 66393966 15007846 20077 128108 14899815 1010588450 22867376 8005584 -1434711 1024015531 1010588450 22867376 8005584 -1434711 1024015531 7139983 1533 7138450 50348242 50348242 78242181 1772317 543928 79470570 2362466115 58570980 1722260 -27433 2419287402 1285478414 19888902 2671377 1462316 1304158255 122638742 1983175 827530 123794387 2765364 -2119 62047 2829530 101211 33811 135022 3909180252 82249185 5764509 1496930 3987161858 686179 686179 635235 635235 17558797 252055 1088733 11902 16734021 15091691 1583199 1323413 15351477 6415737 653149 503509 6565377 268972 11064 280036 186692 39988 146704 1435139 138776 83461 1490454 505722 505722 42784164 2638243 3039104 11902 42395205 42784164 2638243 3039104 11902 42395205 4976690803 107871855 16809197 5067753461 4976690803 107871855 16809197 5067753461 465000 958007 958007 450000 2888720 2888720 5425000 13971663 13971663 220775925 269604 70760784 71030388 218612898 303280 77622569 77925849 223849964 297414 76776868 77074282 5162900 7753277 7753277 15460513 7546436 7546436 21645121 7328692 7328692 -3910 -3910 1505 1505 22062 22062 62969 62969 125955 125955 48417 48417 59059 59059 127460 127460 70479 70479 226403825 269604 79531127 79800731 234523411 303280 88185185 88488465 250920085 297414 98147702 98445116 32265591 90135283 32265591 90135283 10850000 17246400 3304373 2622052 853727305 901302033 857031678 903924085 2477441576 2254659586 90131635 99805779 90131635 99805779 163551557 245639364 296784 346662 296784 346662 223579 366670 223579 366670 1416653 3891263 1416653 3891263 3304373 2622052 978061547 1095847690 981365920 1098469742 3304373 2622052 978061547 1095847690 NSS 86336111 83424791 86336111 83424791 105317155 179032584 DSS 58234402 66606780 Fuel Recovery 2501111 16384010 2501111 16384010 Unallocated / Accruals 1294413 -3022 1294413 -3022 Total 90131635 99805779 90131635 99805779 163551557 245639364 1 2 3 4 5 Rate Schedule NSS 3662034 7259772 7259772 6549464 7164112 7164112 10553655 7162005 7162005 Rate Schedule DSS 1500866 8911049 11091466 Fuel Recovery 389987 389987 163014 163014 138504 138504 Unallocated/Accruals 103518 103518 219310 219310 28183 28183 1 2 3 4 26599083 26599083 11278949 11278949 3321768 3321768 450000 450000 1860000 1860000 2200000 2200000 465000 465000 450000 4273850 4723850 5425000 24858972 30283972 10850000 70332622 81182622 322879 1646422 628008 2597309 789116 4023855 1534852 6347823 805 489.2 23532 100462 35575 159569 57512 245530 86945 389987 805 489.4 346411 1746884 663583 2756878 846628 4269385 1621797 6737810 138548 706486 269480 1114514 338611 1726652 658609 2723872 854 810 37589 160474 56826 254889 91868 392198 138883 622949 819 810 176137 866960 326306 1369403 430479 2118850 797492 3346821 13442 68542 26145 108129 32852 167518 63898 264268 856/863 812 320 1365 484 2169 782 3336 1183 5301 817/821 812 13762 69907 26629 110298 33634 170854 65081 269569 35020 178575 68115 281710 85589 436437 166473 688499 813 812 35020 178575 68115 281710 85589 436437 166473 688499 135869 692819 264268 1092956 332064 1693248 645872 2671184 -14377 -61377 -21735 -97489 -35138 -150004 -53121 -238263 121492 631442 242533 995467 296926 1543244 592751 2432921 121492 631442 242533 995467 296926 1543244 592751 2432921 164.1 808.2 Other dispositions 121492 631442 242533 995467 296926 1543244 592751 2432921 Gas due from shippers 581700382 33704869 615405251 39475919 Contribution in Aid of Construction 2272245 Taxable Income from Partnership 9109839 Capitalized Overhead - Tax 1834245 Capitalized 263A Interest 1265 Tax G/L on Disposition of Assets 52693513 91822193 Federal Income Tax 110429187 Book Depreciation and Amortization 9746 Lobbying and Contributions 210935 Entertainment and Other 78500 Penalties 822526 Deferred Revenue 24391 Bad Debt 2918 UNICAP 263A 1061645 Bonus Accrual 204462041 6848304 State Deferred Income Tax 820667 AFUDC Debt - Book Capitalized Interest 1265 Book G/L on Disposition of Assets 10737913 Capitalized Overhead - Book 1169043 Income from Partnersship 347165 Environmental Reserve 30000 Amortization of Investment Tax Credit 15136 Lease Payable 1822222 AFUDC Equity - Book Capitalized Amount 121000 Property Tax Adjustment 21912715 74026335 Tax Depreciation and Amortization 85719285 Repairs Deduction 17376929 Cost of Removal 1067937 Hedging 3725115 Park and Loan Deferral 181915601 443051353 93040784 21% of Taxable Income -83108 Return to Provision/Other 92957676 Federal Income Tax - Current 5 6 7 8 9 12 13 14 15 16 17 18 19 20 23 24 25 26 27 28 29 30 31 32 35 36 37 38 39 43 44 45 46 47 48 6566374 6566374 33857502 33857502 22036715 22036715 62460591 62460591 4574900 4574900 14968456 14968456 19543356 19543356 11141274 11141274 48825958 48825958 22036715 22036715 82003947 82003947 82003947 82003947 1764579 1764579 1764579 1764579 450461 450461 450461 450461 Account 186 374443 374443 374443 374443 84593430 84593430 74 2757996 Health and life insurance 8012230 Long-term disability insurance 198783 401K Employer contributions 3275317 Other 222810 14467136 6 7 8 9 3B Inspection LLC 769649 Abrams Technical Services Inc 469274 Acuren Inspection Inc 373825 Advanced Control Panels Inc 359363 Audubon Engineering Company LP 426087 Baker Hughes Holdings LLC 903680 Bannister Electric of West Monroe, LLC 752057 Booth Environmental Sales & Services, LLC 712731 Brookhart Electric Inc 388009 BWS Services LLC 3036677 Castle Energy Group LLC 4036613 Clean Harbors Environmental 314250 Coastal Corrosion Control Inc 271116 Coastal Row Service Co Inc 274491 Community Construction Inc 523800 Cooper Machinery Services LLC 282511 Corrpro Companies Inc 416574 DeLasCasas CP LLC 374752 Eagle Compression LLC 930056 East Texas Radiator Inc 924856 Edgen Murray Corporation 950604 EN Engineering LLC 297376 Environmental Maintenance Services, Inc. 584911 Environmental Mgmt Svcs Inc 1254316 Excel Site Rentals LLC 666415 Exline Inc 478730 Farnsworth Group Inc 2523652 Focus Construction Inc 1381600 Franklin Well Services LLC 258024 Great Lakes Wellhead Inc 385191 Hayse Management Services 687033 Holt Cat 473568 Houston Oil Metering & Enterprises LLC 306956 Innomotics LLC 379106 Integrated Power Services LLC 579026 International Inspecting Inc 870774 Iron Horse Energy Services Inc 789228 KPRG and Associates Inc 294983 Larrett Energy Services, Inc. 432692 Liberty Energy Services 1087322 Matcor Inc 289829 Meade Inc 1126723 Meridian Pipeline Services 953344 Merjent 321816 Michels Pipeline Inc 10947110 Michigan Wireline Services Inc 426573 Midwestern Contractors of IL 1734424 MPG Pipeline Contractors 1168448 Nexus Integrity Management LLC 1262810 Onshore Quality Control 511005 Patriot Pipeline Safety Corp 916187 Patton Myhre Sourcing LP 467934 PCI Electric LLC 515000 Pipeline Environmental & Compression Industries LLC 5966144 Pioneer Oil Tools Inc 593600 Pipe Strong LLC 2729009 Pipeline Construction & Maintenance 895706 Pipeline Safety LLC 528005 PJ Steel Supply Inc 7029194 Pricewaterhouse Coopers LLP 400000 Primoris Energy Services Corp 2424505 Ransaball LLC 348088 Reserve Equipment Inc 254525 Rig Masters Inc 423008 RT Technical Solutions 257174 Solar Turbines Incorporated 2504486 State Group Industrial (USA) 292165 Sunland Construction Inc 6044742 SWCA Environmental Consultants 267451 TAF Aerial Services LLC 262945 Taft Construction 279626 The Texian Group Inc 503575 TRC Solutions Inc 260209 Trendsetter Construction Inc 989414 Trestles LLC 423920 United Piping Inc 7240798 UPS Midstream Services Inc 1107038 Warren Averett Staffing & Recruiting 343247 Weldfit LLC 474746 West Continent Energy Services 1378646 West States Energy Contractors 291602 Western Utility 286400 WHC LLC 4242420 Zeeco Inc 268177 Other (less than $250,000) 22928680 124102326 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 Other (less than $250,000) 78500 Other (less than $250,000) 9746 Other (less than $250,000) 21369 Affiliate of respondent (Market interest rate) 4237 1 2 4 5 7 8 10 11 13 14 16 17 19 20 22 23 35979525 76229104 194805606 76229104 230785131 -6214511 -10230165 66171689 152440525 64304331 146310675 34175870 81371617 14052913 33523787 48228783 114895404 30784021 33818190 142573433 33818190 142573433 1801403 1711164 1798451 2534161 4078105 4551767 8031668 7610265 12193007 18802918 47845 38169 1846352 1959629 593781 643013 169873 170109 30560485 38021195 171356 85813 900 6556177 5380331 3899174 5869981 4603458 4311649 34073 38282 1298327 1313413 227602 243154 16791067 17242623 47351552 55263818 47351552 55263818 12819325 11935349 93203 85529 77620 31062656 27867772 27439404 67235292 24938729 30067709 20403283 23953548 5859416 5146500 766161 4141027 4397143 1115041 1373773 128331219 172914070 1452488 1421847 97177 39085 72272455 69366890 12903854 12315317 1534516 1964317 404 3013 155334 218788 88416228 85329257 216747447 258243327 3023 3023 22036715 21023803 532228 445385 622748 604796 2369550 2396190 1726739 1658462 2145796 1955157 13585138 2880473 2372564 2726775 2724458 2213549 2184542 50476213 47740903 50476213 47740903 348396425 503821481 Matthew J. Wojtalewicz Vice President and Controller 1001 Louisiana Street, Suite 1000, Houston, TX 77002 true false Organized as a corporation in 1930. Converted to a Delaware limited liability company on February 15, 2008 During the year, respondent was engaged in transmission and storage of natural gas through an integrated system in the following states. Transmission: Arkansas, Illinois, Indiana, Iowa, Kansas, Louisiana, Missouri, Nebraska, New Mexico, Oklahoma, Texas, Wisconsin, and Louisiana (Federal Domain). Storage: Illinois, Iowa, Oklahoma, and Texas. false 109579415 108283096 -7983787 2819170 -30000 -30000 -20953492 19440779 4793197 2467597 -1717 2600999 356324 -278467 -233716 308209 2333571 440550 169043 -510513 502052855 442620919 120281217 79757982 2333571 440550 121447137 91311532 60000 39172 -121407965 -91371532 -364272014 -349565419 16372876 1683968 2178254 494286 18551130 Federal Energy Regulatory Commission 2022Annual Charges Adjustment (Amortized over twelve months) 2861928 2861928 2146446 182.3 2146446 Federal Energy Regulatory Commission 2023Annual Charges Adjustment (Amortized over twelve months) 2924604 2924604 2924604 182.3 731152 2193452 Federal Energy Regulatory Commission Miscellaneous Certificate Proceedings and Miscellaneous Expenses 2875 2875 2875 232 2875 5786532 2875 5789407 2146446 2927479 2880473 2193452 1 2 3 43944774 6260377 2080 37682317 43944774 6260377 2080 37682317 6260377 2080 37177955 4357590 1812 32818553 6766819 1902787 268 4863764 319366996 6012521 8244098 364796 317500215 319366996 6012521 8244098 364796 317500215 6012521 8244098 364796 270189378 6012521 317710 276519609 49177618 8244098 47086 40980606 10102534 2079004 266007 7757523 10102534 2079004 266007 7757523 2079004 266007 8546897 1558992 231672 6756233 1555637 520012 34335 1001290 Horizon Pipeline Company, L.L.C. Capital Contribution 2002-05-30 8084531 8084531 Retained Earnings 141554 1169043 1000000 310597 Subtotal 8226085 1169043 1000000 8395128 8084531 1000000 1 2 11 13 42302 10948 Shared Service Allocations 2673525 6 Zone 1 - Permian OBA 2071449 260409 4431810 557138 Zone 2 - Midcontinent/OBA 12215808 1535691 14055890 1767014 Zone 3 - Texok/OBA 6676328 839304 9288364 1167672 Zone 4 - South Texas/OBA 4485321 563865 2198564 276389 Zone 5 - Louisiana/OBA 7215618 907100 12232294 1537768 Zone 7 - Amarillo Mainline/OBA 2753023 346092 661847 83203 Zone 8 - Gulf Coast Mainline/OBA 443652 55773 Zone 9 - Iowa-Illinois/OBA 11709370 1472025 8954501 1125701 Zone 7 - Amarillo Mainline/POA 476250 59871 Zone 8 - Gulf Coast Mainline/POA 486599 61172 Zone 9 - Iowa-Illinois/POA 2467437 310190 3729920 468901 Zone 2 MidContinent /IBS 1138 143 1336 168 Zone 3 TEXOK /IBS 240818 30274 872190 109646 Zone 7 Amarillo Mainline /IBS 138307 17387 116805 14684 Zone 8 Gulf Coast Mainline /IBS 78949 9925 70263 8833 Zone 9 Iowa-Illinois /IBS 843108 105990 1016598 127800 Netting Difference - Annual vs. Quarterly -5430086 -5430086 51859523 1089352 58074034 1870604 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 650999 650999 798758 798758 776157 776157 870185 4240700 5110885 1428194 24556928 25985122 1492654 16169744 17662398 1395789 3128089 4523878 1227770 10782792 12010562 660196 22349128 23009324 956833 19760791 20717624 506499 506499 957200 957200 11721234 100988172 112709406 Deferred Income Tax Rate Adjustment (amortized through June 2038) 155132635 411.1 10034452 145098183 Order 637 Penalty Revenues 717343 Various 1951826 1718110 483627 11986278 1718110 1 2 240623272 323612400 564235672 649246828 492 304 2936279 2023-02-02 255065096 36733013 27571318 64304331 43916233 22255456 66171689 968710 968710 254166448 185786670 3477468 20621466 209885604 0.9671 3.4234 3.0353 1.211 Labor Accrual 1966060 242 1244145 3210205 Environmental reserve 604292 Various 347165 10000 267127 Park and loan deferral 6511407 489.2 19648863 15923748 2786292 Lease Payable 267568 Various 15136 252432 Transportation revenue deferral 4294870 489.2 746934 3547936 20758098 17177893 1 2 3 4 5 Account 489.2, Revenues from transportation of gas of others through transmission facilities. 145394885 296597356 471705415 1553171252 Account 489.4, Revenues from storing gas of others. 11236279 12722138 52668254 72369444 156631164 309319494 524373669 1625540696 1 2 See footnote 1 <div><p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">1. Construction Overhead</font></p> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">(a) Overhead charges are intended to cover those indirect costs pertaining to construction activities for departments such as engineering, operations and accounting for their labor and related employee benefits and office space. The overhead amount capitalized is charged to all construction projects by applying a construction overhead clearing rate to direct project costs.</font></p> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">(b) The overhead capitalized is primarily based on periodic studies to identify indirect capital costs that are not charged directly to construction projects.</font></p> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">(c) Costs are accumulated in a blanket overhead project and distributed monthly to individual construction projects.</font></p> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">(d) Different overhead rates are applied based on the nature of the construction project.</font></p> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">(e) The basis for the differentiation in overhead rates stems from the economies of scale that are achieved with these projects.</font></p> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">(f) Overheads are directly assigned to each project.</font></p> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">2. Allowance for Funds Used During Construction</font></p> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Allowance for funds used during construction is calculated below.</font></p> <p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">3. Net-of-Tax rate for borrowed funds</font></p> <p class="MsoNormal"><font style="font-size: 16.0pt; line-height: 107%; font-family: 'Arial',sans-serif;">Not Applicable</font></p></div> 1866734231 Natural Gas Pipeline Company of America LLC 1.0000 0.1217 1866734231 1.0000 26554952 0.1217 0.0360 0.0491 819, 854 14902650 812 Gas Used for Other Utility Operations - Credit Line Pack 117.2 -312786 968710 Construction Projects 107 53419 115483 Reimbursable Projects 186 4364 10576 Other -Uses of Gas - LAUF and Ruptures 813 4346630 9946020 Other -Uses of Gas - Storage. Mains 817 268715 741458 Other -Uses of Gas - DEHY Fuel 821 22133 92856 Other - Operations- Storage Projects 833 2369 4870 Other -Uses of Gas - Transm. Mains 856 994486 1813136 Other - Operations- Transm. Projects 863 145322 359804 20427302 5 6 7 8 9 10 11 12 13 14 Directly Charged Salaries and Wages Kinder Morgan, Inc. Various 80215617 Other Compensation and Benefits Kinder Morgan, Inc. Various 12980084 Shared Services Kinder Morgan, Inc. Various 21488512 Construction Overheads Kinder Morgan, Inc. Various 16357351 Transmission and Compression of Gas by Others Horizon Pipeline Company, L.L.C. 858 466809 131508373 Capacity Lease Horizon Pipeline Company, L.L.C. 489.2 4161000 Capacity Lease Kinder Morgan Illinois Pipeline LLC 489.2 729996 Capacity Lease Kinder Morgan Louisiana Pipeline LLC 489.2 825581 General and Administrative Services Horizon Pipeline Company, L.L.C. Various 91651 Interruptible Transportation Services Kinder Morgan Tejas Pipeline LLC 489.2 6033 Interruptible Transportation Services Kinder Morgan Texas Pipeline LLC 489.2 1675110 7489371 2 3 4 5 6 9 10 11 12 13 14 NGPL PipeCo LLC J DE 0.6500 NGPL Finance LLC J DE 0.3500 NGPL Holdings LLC I DE 1.0000 Kinder Morgan NGPL Holdings LLC I DE 0.3750 AL NGPL Holdings, LLC I DE 0.3750 BIP PipeCo Holdings LLC I AU 0.2500 Kinder Morgan, Inc. M DE 0.3750 ArcLight Capital Partners, LLC M DE 0.3750 Brookfield Infrastructure Partners L.P. M OTHER 0.2500 1 2 3 4 5 6 7 8 9 2024-01-14 1028387 1028387 1677904 5198156 6876060 128531 45128 173659 Other (HCAP) 210000 210000 Other (KCAP) 25000 25000 2041435 6271671 8313106 334746 334746 2857460 2857460 3192206 3192206 163764 513905 677669 Other (OBA) -10267 91340 81073 Other (TPBA) -16822 16822 Other (POA) -2075 -2075 Other (IBS) -101130 -101130 Other (LPS) 6313 64388 70701 142988 583250 726238 2024-01-14 2767789 2767789 4667824 15428437 20096261 426265 167677 593942 Other (HCAP) 593336 593336 Other (KCAP) 75000 75000 5762425 18363903 24126328 865493 865493 8420457 8420457 9285950 9285950 97427 97427 222700 753011 975711 Other (OBA) -270708 151776 -118932 Other (TPBA) -54014 54014 Other (POA) -10959 -10959 Other (IBS) -141849 -141849 Other (LPS) 21137 41013 62150 -80885 944433 863548 2647794 18078292 18075373 2919 2647794 18075373 2647794 18078292 18075373 2919 false Account 136 - Temporary Cash Investment 3 Cairo Field - Iowa Underground Storage 345050 162862183 true Columbus City Field - Iowa Underground Storage 180250 72001008 true Keota Field - Iowa Underground Storage 103000 27197798 true Herscher Field - Illinois Underground Storage 1318400 256250357 true Cooks Mills Field - Illinois Underground Storage 154500 22678758 false Loudon Field - Illinois Underground Storage 525300 114992477 true North Lansing Field - Texas Underground Storage 1277200 252114451 true Sayre Field - Oklahoma Underground Storage 687010 115878103 true 1 2 3 4 5 6 7 8 Federal Income Tax Federal Tax Federal 92957676 92957676 91059858 1897818 Subtotal Federal Tax 92957676 92957676 91059858 1897818 State Income Tax - Arkansas State Tax Arkansas 1817848 1817848 1789696 28152 0.0039 State Income Tax - Illinois State Tax Illinois 8243244 8243244 8115587 127657 0.0179 State Income Tax - Iowa State Tax Iowa 3451743 3451743 3398289 53454 0.0075 State Income Tax - Kansas State Tax Kansas 578134 578134 569181 8953 0.0013 State Income Tax - Louisiana State Tax Louisiana 1336531 1336531 1315833 20698 0.0029 State Income Tax - Missouri State Tax Missouri 432448 432448 425751 6697 0.0009 State Income Tax - Nebraska State Tax Nebraska 709989 709989 698994 10995 0.0015 State Income Tax - New Mexico State Tax New Mexico 221756 221756 218322 3434 0.0005 State Income Tax - Oklahoma State Tax Oklahoma 1370647 1370647 1349421 21226 0.0030 Texas Margin Tax State Tax Texas 2023 300000 300000 300000 Subtotal State Tax 18462340 18462340 18181074 281266 Ad Valorem Tax - Arkansas Ad Valorem Tax Arkansas 2022 1386000 899 1386899 899 Ad Valorem Tax - Arkansas Ad Valorem Tax Arkansas 2023 1488000 1488000 1488000 Ad Valorem Tax - Illinois Ad Valorem Tax Illinois 2022 1445000 -51747 1393253 -51747 Ad Valorem Tax - Illinois Ad Valorem Tax Illinois 2023 1417000 1417000 1417000 Ad Valorem Tax - Indiana Ad Valorem Tax Indiana 2022 6000 -2844 3156 -2844 Ad Valorem Tax - Indiana Ad Valorem Tax Indiana 2023 6000 6000 6000 Ad Valorem Tax - Iowa Ad Valorem Tax Iowa 2022 11244291 -22004 11222287 -22004 Ad Valorem Tax - Iowa Ad Valorem Tax Iowa 2023 7524000 -3773560 11297560 7524000 Ad Valorem Tax - Kansas Ad Valorem Tax Kansas 2022 3033868 3033868 Ad Valorem Tax - Kansas Ad Valorem Tax Kansas 2023 6397725 3198960 3198765 6397725 Ad Valorem Tax - Louisiana Ad Valorem Tax Louisiana 2022 100000 100000 Ad Valorem Tax - Louisiana Ad Valorem Tax Louisiana 2023 3785063 3785063 3785063 Ad Valorem Tax - Missouri Ad Valorem Tax Missouri 2023 790589 790589 790589 Ad Valorem Tax - Nebraska Ad Valorem Tax Nebraska 2022 393000 15502 408502 15502 Ad Valorem Tax - Nebraska Ad Valorem Tax Nebraska 2023 425000 425000 425000 Ad Valorem Tax - New Mexico Ad Valorem Tax New Mexico 2022 103000 -22130 80870 -22130 Ad Valorem Tax - New Mexico Ad Valorem Tax New Mexico 2023 166062 83031 83031 166062 Ad Valorem Tax - Oklahoma Ad Valorem Tax Oklahoma 2022 1710979 50000 1760979 50000 Ad Valorem Tax - Oklahoma Ad Valorem Tax Oklahoma 2023 3677024 1838742 1838282 3677024 Ad Valorem Tax - Texas Ad Valorem Tax Texas 2022 7968291 -685 7170606 797000 -685 Ad Valorem Tax - Texas Ad Valorem Tax Texas 2023 8670283 1092830 7577453 8670283 Ad Valorem Tax - Wisconsin Ad Valorem Tax Wisconsin 2023 3230 3230 3230 Ad Valorem Tax - Wyoming Ad Valorem Tax Wyoming 2023 106 106 106 Subtotal Ad Valorem Tax 27390429 34317073 33579411 28128091 34317073 Use Tax - Arkansas Sales And Use Tax Arkansas 2023 105750 105750 105750 Use Tax - Colorado Sales And Use Tax Colorado 2023 14 14 Use Tax - Illinois Sales And Use Tax Illinois 2023 239513 239513 239513 Use Tax - Iowa Sales And Use Tax Iowa 2023 105259 105259 105259 Use Tax - Kansas Sales And Use Tax Kansas 2023 41230 41230 41230 Use Tax - Louisiana Sales And Use Tax Louisiana 2023 8251 68761 72489 4523 43679 25082 Use Tax - Missouri Sales And Use Tax Missouri 2023 1489 43765 44586 668 43765 Use Tax - Nebraska Sales And Use Tax Nebraska 2023 9873 9873 9873 Use Tax - New Mexico Sales And Use Tax New Mexico 2023 40431 40431 40431 Use Tax - Oklahoma Sales And Use Tax Oklahoma 2023 -1043 18826 21324 -3541 18826 Use Tax - Texas Sales And Use Tax Texas 2023 -37585 495555 457971 -1 1167 494388 Subtotal Sales and Use Tax -28874 1168963 1138426 1663 44846 1124117 Payroll - FICA Tax Payroll Tax Federal 2023 5323104 5323104 5323104 Payroll - Unemployment Tax Payroll Tax Federal 2023 185876 185876 185876 Subtotal Payroll Tax 5508980 5508980 5508980 Miscellaneous Tax, Licenses and Fees Miscellaneous Other Tax Various 2023 2084 2084 2084 Subtotal Miscellaneous Other Tax 2084 2084 2084 152417116 151648917 149113915 2179084 1124117 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 Station 64 - Beaver, OK Field Compressor Stations 1 120 Station 67 - Beaver, OK Field Compressor Stations 1 300 Subtotal Field Compressor Stations 2 420 Station 184 - Sayre, OK Underground Storage Compressor Stations 8 26185 31874470 182854 PT6678H 4 2023-02-02 Station 201 - Herscher, IL Underground Storage Compressor Stations 15 53820 95202194 686894 PT35267H 8 2023-03-27 Station 203 - Arcola, IL Underground Storage Compressor Stations 4 3250 6267003 31986 PT2608H 3 2023-11-30 Station 204 - Columbus Junction, IA Underground Storage Compressor Stations 7 19780 60171575 276975 PT5968H 4 2023-12-10 Station 205 - Keota, IA Underground Storage Compressor Stations 5 6670 17665460 3842 PT2371H 1 2023-01-01 Station 206 - St. Elmo IL Underground Storage Compressor Stations 5 8400 13022157 229987 PT7668H 5 2023-08-30 Station 214 - Columbus Junction, IA Underground Storage Compressor Stations 1 3500 10037343 7231 PT273H 1 2023-10-17 Station 388 - Longview, TX Underground Storage Compressor Stations 7 37000 42872475 70752737 PT13995H 7 2023-02-06 Subtotal Underground Storage Compressor Stations 52 158605 277112677 6736466 5456541 12635126 1419769 70752737 PT74828H 33 Station 102 - Balko, OK Transmission Compressor Stations 3 12900 20569148 367678 PT11756H 3 2023-04-23 Station 103 - Minneola, KS Transmission Compressor Stations 5 20111 26907496 805598 PT23942H 2 2023-10-15 Station 104 - Great Bend, KS Transmission Compressor Stations 3 20500 39563461 182503 49708800 PT11736H 3 2023-01-07 Station 105 - Glasco, KS Transmission Compressor Stations 3 17100 18591578 1020879 PT16477H 3 2023-01-14 Station 106 - Beatrice, NE Transmission Compressor Stations 3 14350 19905693 581578 PT16801H 3 2023-11-01 Station 107 - Emerson, IA Transmission Compressor Stations 7 28300 35247217 833206 PT3788H 7 2023-10-15 Station 108 - Truro, IA Transmission Compressor Stations 5 26000 34520411 129910 PT3420H 4 2023-10-22 Station 109 - Harper, IA Transmission Compressor Stations 6 29650 36429467 673744 PT19553H 5 2023-09-05 Station 110 - Geneseo, IL Transmission Compressor Stations 7 34600 56581832 190898 PT4883H 4 2023-10-06 Station 111 - Fritch, TX Transmission Compressor Stations 5 9120 2711276 Station 113 - Shorewood, IL Transmission Compressor Stations 9 13050 18332688 4383 PT183H 9 2023-02-03 Station 116 - Belvidere, IL Transmission Compressor Stations 1 4925 8713941 503 Station 117 - Mills Co, IA Transmission Compressor Stations 1 3550 520687 53840 PT2944H 1 2023-01-02 Station 139 - Lea, NM Transmission Compressor Stations 1 3250 3847498 Station 154 - Pampa, TX Transmission Compressor Stations 5 9120 8556828 201234 PT8412H 3 2023-03-20 Station 156 - Mountain View, OK Transmission Compressor Stations 3 9000 10796274 51534 PT2110H 1 2023-07-01 Station 158 - Taloga, OK Transmission Compressor Stations 1 2745 Station 159 - Mooreland, OK Transmission Compressor Stations 1 3165 13677148 62869 PT1872H 1 2023-03-14 Station 167 - Lovington, NM Transmission Compressor Stations 3 6000 8958550 177667 PT13398H 3 2023-02-05 Station 168 - Sudan, TX Transmission Compressor Stations 2 8000 7984681 4954 PT39H 1 2023-03-30 Station 169 - Hereford, TX Transmission Compressor Stations 2 8000 3645997 Station 193 - Kinsley, KS Transmission Compressor Stations 1 14500 10569740 111524 PT650H 1 2023-01-07 Station 194 - Wilson, KS Transmission Compressor Stations 1 14500 12351412 82458 PT639H 1 2023-10-31 Station 195 - Haddam, KS Transmission Compressor Stations 1 12000 7733863 57772 PT593H 1 2023-01-08 Station 196 - Syracuse, NE Transmission Compressor Stations 2 24000 15116539 13632 6148800 PT839H 1 2023-03-14 Station 198 - Knoxville, IA Transmission Compressor Stations 2 24000 9229898 21691 PT150H 1 2023-10-30 Station 199 - Letts, IA Transmission Compressor Stations 2 24500 16352052 2365 725921 PT57H 1 2023-11-11 Station 206A - Altamont, IL Transmission Compressor Stations 1 22000 40005504 67 147042 Station 300 - Victoria, TX Transmission Compressor Stations 2 16000 42687786 8603821 PT2951H 2 2023-06-14 Station 301 - Wharton, TX Transmission Compressor Stations 2 27050 70021932 320701 PT4964H 2 2023-06-14 Station 302 - New Caney, TX Transmission Compressor Stations 3 26800 56081815 158134496 PT24349H 2 2023-11-08 Station 303 - Lufkin, TX Transmission Compressor Stations 2 31800 69597692 1145707 PT9394H 2 2023-05-25 Station 304 - Marshall, TX Transmission Compressor Stations 2 46940 87737784 80283 PT809H 1 2023-10-05 Station 305 - Texarkana, AR Transmission Compressor Stations 9 29650 15967191 5521 Station 306 - Malvern, AR Transmission Compressor Stations 9 29650 46103515 551198 PT22942H 8 2023-01-09 Station 307 - Searcy, AR Transmission Compressor Stations 9 30850 16124741 633227 PT24880H 9 2023-01-28 Station 308 - Biggers, AR Transmission Compressor Stations 9 30850 15618036 662969 PT25736H 9 2023-01-25 Station 309 - Marble Hill, MO Transmission Compressor Stations 9 29650 42284219 537371 PT23691H 9 2023-01-26 Station 310 - Centralia, IL Transmission Compressor Stations 9 30600 18420932 678296 PT24647H 7 2023-11-24 Station 311 - Hammond, IL Transmission Compressor Stations 8 27800 17036590 467110 PT18864H 8 2023-01-27 Station 312 - Cropsy, IL Transmission Compressor Stations 1 30000 51861440 619552 PT3498H 1 2023-02-03 Station 341 - Robstown, TX Transmission Compressor Stations 2 6330 5757980 Station 342 - Johnson Bayou, LA Transmission Compressor Stations 6 19700 51772584 9242 PT177H 2 2023-06-14 Station 343 - Devers, TX Transmission Compressor Stations 2 26000 39977495 114654432 PT16251H 2 2023-01-01 Station 346 - Gueydon, LA Transmission Compressor Stations 4 9800 10017508 11906 PT641H 2 2023-08-11 Station 348 - Cameron, LA Transmission Compressor Stations 1 22490 68057714 1091238 PT8368H 1 2023-03-25 Station 394 - Atlanta, TX Transmission Compressor Stations 1 15900 54418845 561431 PT5398H 1 2023-01-26 Station 801 - Ratliff City, OK Transmission Compressor Stations 4 15120 29980622 280489 PT12615H 4 2023-09-23 Station 802 - Paris, TX Transmission Compressor Stations 3 16560 34144730 125889 PT3548H 3 2023-11-17 Station 803 - Mt. Pleasant, TX Transmission Compressor Stations 2 9470 28251681 56334 PT2298H 2 2023-07-20 Station 812 - Atoka, OK Transmission Compressor Stations 2 4000 9612996 11930 PT14H 2 2023-04-17 Subtotal Transmission Compressor Stations 187 951946 1368956707 27439404 24938729 43966510 13482881 338123312 PT380277H 138 1646069384 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 Moraine Lateral CP93-351-000 Incremental 10426246 10365049 17995 29700 3229 388333 Storage Expansion - 2003 CP02-391 Incremental 42278249 17860642 5730885 247795 509446 980855 319288 4609021 Sayre Storage - 2006 CP05-7-000 Incremental 42681860 16497346 6309552 119135 173675 990898 393993 6928073 North Lansing NSS CP05-405-000 Incremental 80741923 29448381 12330886 49183 267101 1873213 170139 4555080 Louisiana Line Expansion CP07-3-000 At Risk 98721775 27130298 17136526 602223 334644 1777169 1139328 56504438 A/G Line Expansion Project CP05-34-000 At Risk 12771832 3692675 2189194 432924 192937 229893 100088 1058965 Arkoma Lateral CP91-1798-002 At Risk 51634054 30479163 5100931 336177 37060 927151 401012 22245923 A/G Expansion CP90-1363-000 At Risk 39461801 14889564 5396372 866763 441970 703570 117925 26378178 Hersher Galesville Project CP08-32-000 Incremental 56985546 18972413 8701272 233586 241133 1468609 145206 3589190 Sayre Expansion Project CP09-414-000 Incremental 6408837 1961260 986661 15356 47230 148685 55555 1692085 Chicago Market Expansion CP15-505-000 Incremental 301686 141424 57972 163370 See Footnote 442112123 171296791 63900274 3234528 2386620 9100043 2903735 128112656 1 2 3 4 5 6 7 8 9 10 11 12 Rate Schedule FTS 212362849 270527 52187463 52457990 205178600 271143 58350154 58621297 209665282 276393 57318026 57594419 Rate Schedule FTS-G 53544 75 19002 19077 131096 184 51411 51595 191044 267 73981 74248 Rate Schedule ITS 6064684 5834 643329 649163 4223235 3236 443984 447220 2768591 2269 296302 298571 Rate Schedule DSS 2294848 3213 6474818 6478031 9079967 12712 6298801 6311513 11225047 15715 6298758 6314473 Rate Schedule IBS 631259 631259 502167 502167 617848 617848 Rate Schedule LPS 8721430 8721430 4788769 4788769 1852345 1852345 POA Agreements 7290 7290 7242 7242 2691 2691 Fuel Recovery 6347823 6347823 6434760 6434760 6085106 6085106 Estimates -10045 -4748011 -4758056 16005 268900 284905 2770 3755430 3758200 Commission Approved Capacity Lease Revenue 476381 476381 476381 476381 476381 476381 1 2 3 4 5 6 7 8 9 10 Louisiana - FTS 646546 615024 116815313 130978927 117461859 131593951 439451963 481856141 Louisiana - ITS 1928 1978 220017 159688 221945 161666 1333284 1479792 Louisiana 648474 617002 117035330 131138615 117683804 131755617 440785247 483335933 Market - DSS 100351 105143 77739849 80688291 77840200 80793434 68407149 80707455 Market - FFTS 11610 23830 11610 23830 Market - FTS 1320432 1056644 285298305 269491500 286618737 270548144 977287570 901218700 Market - FTSG 1632 1815 464444 589114 466076 590929 1110305 1380420 Market - ITS 15428 19619 1960430 2677974 1975858 2697593 11258045 15480052 Market - IBS 3919420 1070321 3919420 1070321 Market - LPS 38232184 34880496 38232184 34880496 Market - POA 88637 88687 88637 88687 Market 1437843 1183221 407714879 389510213 409152722 390693434 1058063069 998786627 Midcontinent - FTS 57660 37867 34477151 26442771 34534811 26480638 131156013 135991148 Midcontintent - FTSG 165 171 27573 33762 27738 33933 112336 131355 Midcontinent - ITS 2223 998 259304 262514 261527 263512 10539139 5950814 Midcontinent - IBS 16134 11363 16134 11363 Midcontinent 60048 39036 34780162 26750410 34840210 26789446 141807488 142073317 Permian - FTS 189256 118063 24792405 22296748 24981661 22414811 128525385 91270926 Permian - ITS 4834 4051 495835 487112 500669 491163 3259880 3103851 Permian 194090 122114 25288240 22783860 25482330 22905974 131785265 94374777 South Texas - FTS 449233 329899 120812999 115985270 121262232 116315169 306238240 261413236 South Texas - FTSG 33 23 6328 4950 6361 4973 22270 16775 South Texas - ITS 9213 2373 1002501 276935 1011714 279308 6764410 1729267 Texas 458479 332295 121821828 116267155 122280307 116599450 313024920 263159278 TexOK - FTS 479049 292187 62824654 45832192 63303703 46124379 367575506 252935200 TexOK - FTSG 29 26 4493 4523 4522 4549 19476 19686 TexOK - ITS 16846 18932 2174971 2441230 2191817 2460162 24380605 19974768 TexOK - IBS 2900638 1476767 2900638 1476767 TexOK 495924 311145 67904756 49754712 68400680 50065857 391975587 272929654 Other - Estimates 9515 17239 3586641 -13364881 3596156 -13347642 Other - Fuel Recovery 69878897 173494799 69878897 173494799 Other - Commission Approved Capacity Lease Revenue 5716572 4967150 5716572 4967150 Other 9515 17239 79182110 165097068 79191625 165114307 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Unbilled Revenue 6496082 793784 142 2361250 4928616 Facility Reimbursable Projects Through October 2028 17817752 142 1477468 16340284 9251648 1442833 793784 3838718 1 2 Natural Gas Pipeline Company of America LLC 2477441576 663238787 163551557 42268534 1089352 5022153 744297 10850000 6340000 20420098 5294328 11402738 2988893 POA Cashouts 492861 21233 Transportation Cashouts 619630 82808 System Gas - Imbalances 5093140 1012599 System Gas - Net LPS -10118649 -1768906 2685864456 720222573 10850000 6340000 2477441576 663238787 163551557 42268534 1870604 559724 5022153 744297 11721234 2420532 14902650 4365540 Net LPS -10118649 -1768906 Other Uses of Fuel Gas 1433025 376183 Line Pack -236177 154147 System Gas Line Pack 236177 -154147 OBA Imbalance Cashouts 1691 System Gas Imbalances 4310533 451520 Transportation Cashouts 435686 91036 Gas Used in Construction Projects 57783 13583 POA Cashouts 37983 10203 2681517826 719111033 4346630 1111540 2685864456 720222573 16 17 18 19 34 35 36 37 38 39 40 41 42 Texas Louisiana Expansion 1005919 70975934 Permian North Project 13588243 57372757 Pipeline Replacements 13664312 11059555 Pipeline Valve Replacements 2488367 6969447 Storage Slug Catcher Projects 7698560 275379 Make Lines Piggable 767356 6476227 Compressor Overhauls, Turbochargers and Components 4255031 1571087 Sayre Storage Dehydration 4802465 629164 Pressure Testing Projects 155620 4055587 Storage Wellhead and Liner projects 3042781 775422 Cathodic Protection Systems and Groundbeds 2006569 1167958 Station 167 Oxidation Catalysts 3109802 Compressor Control Projects 942302 976065 Meter Upgrades Projects 1479110 63991 Miscellaneous Construction Projects Under $1,000,000 1230093 239532 162608105 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 FERC Form 2 NGPL System Map 2024.pdf 1 William E. Morgan Vice President, Operational Controller /s/ William E. Morgan 2024-04-15 2 Natural Gas Pipeline Company of America LLC C002096 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"?--> <div class="Section1"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">1. General</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; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We are a Delaware Limited Liability Company (LLC), originally organized as a corporation in 1930 and converted to an LLC on February 15, 2008. When we refer to "us," "we," "our," "the Company," or &#8220;Natural&#8221; we are describing Natural Gas Pipeline Company of America LLC.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We are an indirect wholly owned subsidiary of NGPL Holdings LLC (NGPL Holdings).</font><font style="font-family: Arial; -aw-import: spaces;">&#160; </font><font style="font-family: Arial;">On June 15, 2023, an affiliate of ArcLight Capital Partners, LLC (ACP) acquired an incremental 12.5% interest in NGPL Holdings from Brookfield Infrastructure Partners L.P. (BIP).</font><font style="font-family: Arial; -aw-import: spaces;">&#160; </font><font style="font-family: Arial;">Following the acquisition, NGPL Holdings is indirectly owned 37.5%, 37.5% and 25.0% by Kinder Morgan, Inc. (KMI), funds managed by ACP, and BIP, respectively. KMI operates our assets pursuant to a 15-year amended Operations and Reimbursement Agreement (Operating Agreement) that expires in December 2030.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We own a major interstate natural gas pipeline transmission and storage system which includes approximately 9,000 miles of natural gas pipeline. The system consists primarily of two major interconnected transmission pipelines traversing between the&#160;U.S. Gulf Coast and the Chicago, Illinois metropolitan area. Our Amarillo Line connects the West Texas and New Mexico producing areas in the South and Chicago in the North and our Gulf Coast Line connects the Gulf Coast areas of Texas and Louisiana in the South and&#160;Chicago in the&#160;North. These two main pipelines are connected at points in Texas and Oklahoma by the Amarillo/Gulf Coast cross haul pipeline. </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; 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Basis of Presentation</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Management has evaluated subsequent events through April 15, 2024, the date the financial statements were available to be issued.</font></p> <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; font-style: italic;">Use of Estimates</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><br/></p> </div> <div class="Section2"> <p style="margin-top: 0pt; 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Cash Equivalents and Restricted Deposits</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Amounts included in Account 134 "Other Special Deposits" on our balance sheets represent cash margin deposits posted by us with our counter parties associated with certain energy commodity contract positions.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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;">Allowance for Credit Losses</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; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We evaluate our financial assets measured at amortized cost and off-balance sheet credit exposures for expected credit losses over the contractual term of the asset or exposure. We consider available information relevant to assessing the collectability of cash flows including the expected risk of credit loss even if that risk is remote. We measure expected credit losses on a collective (pool) basis when similar risk characteristics exist and we reflect the expected credit losses on the amortized cost basis of the financial asset as of the reporting date.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Our financial instruments primarily consist of our accounts receivable from customers. We utilized historical analysis of credit losses experienced over the previous five years along with current conditions and reasonable and supportable forecasts of future conditions in our evaluation of collectability of our financial assets.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Our Allowance for credit losses are recorded in Account 144 &#8220;Accumulated Provision for Uncollectible Accounts &#8211; Credit.&#8221;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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;">Materials and Supplies Inventories</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; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Our materials and supplies inventories are valued at weighted-average cost, and we periodically review for physical deterioration and obsolescence.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Gas in Underground Storage</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">In accordance with our transportation tariffs, we collect natural gas in-kind from shippers on our systems. Certain of this gas is used by us as fuel in our operations. Fuel collected in excess of our operational needs typically is either sold by us or injected into storage for sale at a later date. Consequently, in the normal course of business, we both sell natural gas and maintain natural gas inventories. The excess fuel gas that we take title to under our transportation tariffs is recorded in the accompanying balance sheets. We receive fees from our storage service customers but do not reflect the value of their gas stored in our facilities in our balance sheets. Our natural gas storage inventories are accounted for using the last-in, first-out inventory method.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><br/></p> </div> <div class="Section3"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We maintain natural gas in underground storage as part of our inventory, which is recorded in Account 164.1 "Gas Stored Underground-Current." This component of our inventory represents the portion of gas stored in an underground storage facility generally known as working gas, and represents an estimate of the portion of gas in these facilities available for routine injection and withdrawal to meet current demand. In addition to this working gas, underground gas storage reservoirs contain injected gas, which is not routinely cycled but, instead, serves the function of maintaining the necessary pressure to allow efficient operation of the facility. This gas, generally known as cushion gas, is recorded in Account 117.1 "Gas Stored-Base Gas."&#160;&#160;</font><font style="font-family: Arial, sans-serif; font-size: 16pt;">Gas delivered from or received by the pipeline related to in-kind imbalance activity is recorded in Account 117.2 &#8220;System Balancing Gas&#8221; and is valued at weighted average cost.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Natural Gas Imbalances</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; 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 or storage facility differs from the scheduled amount of gas to be delivered or received. We value these imbalances due to or from our shippers and operators at the weighted average cost. Imbalances are settled in cash or made up in-kind, subject to the terms of our FERC tariff. Imbalances due from others are reported on our balance sheets as part of Account 174, "Miscellaneous Current and Accrued Assets." Imbalances owed to others are reported on our balance sheets as part of Account 242 "Miscellaneous Current and Accrued Liabilities." We classify all imbalances due from or owed to others as current as we expect to settle them within a year.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">As discussed above, underground gas storage reservoirs contain cushion gas, which is not routinely cycled but, instead, serves the function of maintaining the necessary pressure to allow efficient operation of the facility. Cushion gas is divided into the categories of recoverable cushion gas and unrecoverable cushion gas, based on an engineering analysis of whether the gas can be economically removed from the storage facility at any point during its life. The portion of cushion gas that is determined to be unrecoverable is considered to be a permanent part of the facility itself and is depreciated over the facility's estimated useful life. The portion of cushion gas that is determined to be recoverable is also considered a component of the facility but is not depreciated because it is expected to ultimately be recovered and sold.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><br/></p> </div> <div class="Section4"> <p style="margin-top: 0pt; 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 the average cost of debt of NGPL PipeCo LLC, our direct parent. Interest costs capitalized are included as a reduction to interest charges in Account 432 "Allowance for Borrowed Funds Used During Construction - Credit" on our income statements. The equity portion is calculated based on our most recent FERC approved rate of return. Equity amounts capitalized are included in Account 419.1 "Allowance for Other Funds Used During Construction" on our income statements.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Asset Retirement Obligations (ARO)</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We record liabilities for obligations related to the retirement and removal of long-lived assets used in our business. We record, as liabilities, the fair value of ARO on a discounted basis when they are incurred and can be reasonably estimated, which is typically at the time the assets are installed or acquired. Amounts recorded for the related assets are increased by the amount of these obligations. Over time, the liabilities increase due to the change in their present value, and the initial capitalized costs are depreciated over the useful lives of the related assets. The liabilities are eventually extinguished when the asset is taken out of service.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We are required to operate and maintain our natural gas pipelines and storage systems, and intend to do so as long as supply and demand for natural gas exists, which we expect for the foreseeable future. Therefore, we believe that we cannot reasonably estimate the ARO for 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Long-lived Asset and Investment Impairments</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We evaluate our long-lived assets for impairment when events or changes in circumstances indicate that the carrying values may not be recoverable through the regulatory process, and evaluate our investments for other-than-temporary impairment. These events include changes in the manner in which we intend to use a long-lived asset, decisions to sell an asset or investment and adverse changes in market conditions or in the legal or business environment, such as adverse actions by regulators. If an event occurs and if an impairment is indicated, or if we decide to sell a long-lived asset or group of assets, we adjust the carrying value of the asset downward, if necessary and upon regulatory approval, to its estimated fair value.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">There were no impairments for the years ended December 31, 2023 and 2022.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Equity Method of Accounting</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We use the equity method of accounting for investments in subsidiaries. Under this method, our equity investments are carried originally at our acquisition cost, increased by our proportionate share of the investee's net income and by contributions made, and decreased by our proportionate share of the investee's net losses and by distributions received.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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;">Revenue Recognition</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; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We segregate each class of revenue by account pursuant to the FERC's guidance under Code of Federal Regulations Title 18, Part 201.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><br/></p> </div> <div class="Section5"> <p style="margin-top: 0pt; margin-bottom: 0pt; 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Natural Gas Transportation and Storage Contracts.</font><font style="font-family: Arial;"> Our revenues are primarily generated from the transportation and storage of natural gas under firm service customer contracts with take-or-pay elements (principally for capacity reservation) where both the price and quantity are fixed. Generally, for these contracts: (i) our promise is to transfer (or stand ready to transfer) a series of distinct integrated services over a period of time, which is a single performance obligation; (ii) the transaction price includes fixed and/or variable consideration which is determinable at contract inception and/or at each month end based on our right to invoice at month end for the value of services provided to the customer that month; and (iii) the transaction price is recognized as revenue over the service period specified in the contract as the services are rendered. In these arrangements, the customer is obligated to pay for services associated with its take-or-pay obligation regardless of whether or not the customer chooses to utilize the service in that period. Because we make the service continuously available over the service period, we recognize the take-or-pay amount as revenue ratably over the period based on the passage of time.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The natural gas we receive under our transportation and storage contracts remains under the control of our customers. In many cases, generally described as firm service, the customer generally pays a two-part transaction price that includes (i) a fixed fee reserving the right to transport or store natural gas in our facilities up to contractually specified capacity levels (referred to as "reservation") and (ii) a fee-based per-unit rate for quantities of natural gas actually transported or injected into/withdrawn from storage. In our firm service contracts we generally promise to provide a single integrated service each day over the life of the contract, which is fundamentally a stand-ready obligation to provide services up to the customer's reservation capacity prescribed in the contract. Our customers have a take-or-pay payment obligation with respect to the fixed reservation fee component, regardless of the quantities they actually transport or store. In other cases, generally described as interruptible service, there is no fixed fee associated with these transportation and storage services because the customer accepts the possibility that service may be interrupted at our discretion in order to serve customers who have firm service contracts. We do not have an obligation to perform under interruptible customer arrangements until we accept and schedule the customer's request for periodic service. The customer pays a transaction price on a fee-based per-unit rate for the quantities actually transported or injected into/withdrawn from storage.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Natural Gas Sales Contracts.</font><font style="font-family: Arial;"> Our customer sales contracts are primarily related to natural gas sales and these revenues are generally accounted for on a gross basis with the related cost reported as a part of Operation Expenses on our income statements. Generally, for the majority of these contracts: (i) each unit (dekatherm) of natural gas sold is a separate performance obligation; (ii) the transaction price is determinable each month end based on our right to invoice at month end for the value of natural gas sold to the customer that month; and (iii) the transaction price is allocated to each performance obligation based on the standalone selling price of natural gas sold and the amount recognized as revenue upon delivery of the natural gas, which is the point in time when the customer obtains control of the natural gas and our performance obligation is satisfied. These customer contracts generally provide for the customer to nominate a specified quantity of natural gas to be delivered and sold to the customer at specified delivery points. The customer pays a transaction price typically based on a market or index per-unit rate for the quantities sold.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><br/></p> </div> <div class="Section6"> <p style="margin-top: 0pt; margin-bottom: 0pt; 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, our contract asset balances were $5 million and $6 million, respectively. Of the contract asset balance at December 31, 2022, $2 million was transferred to accounts receivable during the year ended December 31, 2023. As of December 31, 2023 and 2022, our contract liability balances were $6 million and $11 million, respectively. Of the contract liability balance at December 31, 2022, $7 million was recognized as revenue during the year ended December 31, 2023.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; 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, revenues from our two largest customers were approximately $162 million and $105 million, each of which exceeded 10% of our operating revenues. For the year ended December 31, 2022, revenues from our two largest customers were approximately $171 million and $107 million, each of which exceeded 10% of our operating revenues.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Legal Proceedings</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We are party to various legal, regulatory and other matters arising from the day-to-day operations of our business that may result in claims against the Company. Although no assurance can be given, we believe, based on our experiences to date and taking into account established reserves, that the ultimate resolution of such items will not have a material adverse impact to our business. We believe we have 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We had no accruals for any outstanding legal proceedings as of December 31, 2023 and 2022.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Environmental Matters</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">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&#160; 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We routinely conduct reviews of potential environmental issues and claims that assist us in identifying environmental issues and estimating the costs and timing of remediation efforts. We also routinely adjust our environmental liabilities to reflect changes in previous estimates. In making environmental liability estimations, we consider the material effect of environmental compliance, pending legal actions against us, and potential third-party liability claims we may have against others. Often, as the remediation evaluation and effort progresses, additional information is obtained, requiring revisions to estimated costs.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><br/></p> </div> <div class="Section7"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We are subject to environmental cleanup and enforcement actions from time to time. In particular, the Comprehensive Environmental Response, Compensation and Liability Act generally imposes joint and several liability for cleanup and enforcement costs on current and predecessor owners and operators of a site, among others, without regard to fault or the legality of the original conduct, subject to the right of a liable party to establish a "reasonable basis" for apportionment of costs. Our operations are also subject to federal, state and local laws and regulations relating to protection of the environment. Although we believe our operations are in substantial compliance with applicable environmental laws and regulations, risks of additional costs and liabilities are inherent in our operations, and there can be no assurance that we will not incur significant costs and liabilities. Moreover, it is possible that other developments could result in substantial costs and liabilities to us, such as increasingly stringent environmental laws, regulations and enforcement policies under the terms of authority of those laws, and claims for damages to property or persons resulting from our operations.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Although it is not possible to predict the ultimate outcomes, we believe that the resolution of the environmental matters, and other matters to which we are a party, will not have a material adverse effect on our business. As of December 31, 2023 and 2022, we had less than $1 million and $1 million, respectively, accrued for our environmental matters.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Risk Management Activities </font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We utilize energy commodity derivative contracts for the purpose of mitigating our risk resulting from fluctuations in the market price of natural gas. We measure our derivative contracts at fair value and we report them on our balance sheets as either an asset or liability. For certain physical forward commodity derivative contracts, we apply the normal purchase/normal sale exception, whereby the revenues and expenses associated with such transactions are recognized during the period when commodities are physically delivered or received.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">For qualifying accounting hedges, we formally document the relationship between the hedging instrument and the hedged item, the risk management objectives and the methods used for assessing and testing effectiveness, and how any ineffectiveness will be measured and recorded. If we designate a derivative contract as a cash flow accounting hedge, the effective portion of the change in fair value of the derivative is deferred in Account 219, "Accumulated Other Comprehensive Income" and reclassified into earnings in the period in which the hedged item affects earnings. Any ineffective portion of the derivative's change in fair value or amount excluded from the assessment of hedge effectiveness is recognized currently in earnings.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">For derivative instruments that are not designated as accounting hedges, or for which we have not elected the normal purchase/normal sales exception, changes in fair value are recognized currently in earnings.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; 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; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Regulatory assets and liabilities represent probable future revenues or expenses associated with certain charges and credits that are expected to be recovered from or returned to customers through the ratemaking process. Refer to Note 7 for further information.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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-weight: bold;">3. Income Taxes</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; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We are a limited liability company and are not subject to federal or state income taxes; however, all of our activities are included in the tax returns of NGPL Holdings, which is a taxable C-corporation. Our approved rates include an allowance for income taxes, calculated as if we were a taxable corporation, and the FERC requires that we reflect such taxes in our financial statements.</font></p> </div> <p style="margin:0pt"><br/></p> <div class="Section8"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We record current income taxes based on our taxable income and we provide for deferred income taxes to reflect estimated future tax payments and receipts. Deferred taxes represent the tax impacts of differences between the financial statement and tax bases of assets and liabilities and carryovers at each year end. We reduce deferred tax assets by a valuation allowance when, based on our estimates, it is more likely than not that a portion of those assets will not be realized in a future period. The estimates utilized in the recognition of deferred tax assets are subject to revision, either up or down, in future periods based on new facts or circumstances. We are amortizing our investment tax credit over 48 years. Income taxes charged to us and assignable to our Members are treated as a capital contribution to or distribution from proprietary capital.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The following table reflects the components of income tax expense included in net income (in millions):</font></p> <p style="margin-top: 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;"><br/></p> <table class="MsoNormalTable" style="border-collapse: collapse; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 0in 0in 0in;" border="0" cellspacing="0" cellpadding="0"> <tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.3pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" rowspan="2" valign="bottom" width="610"><br/></td> <td style="width: 381.2pt; border: solid black 1.0pt; border-left: none; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="4" valign="bottom" width="508"> <p style="margin: 0in; mso-add-space: auto; text-align: center;" align="center"><strong><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Year Ended December 31,</font></strong></p> </td> </tr> <tr style="mso-yfti-irow: 1; height: .35in; mso-height-rule: exactly;"> <td style="width: 178.7pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="238"> <p style="margin: 0in; mso-add-space: auto; text-align: center;" align="center"><strong><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">2023</font></strong></p> </td> <td style="width: 192.2pt; border-top: dashed #BBBBBB 1.0pt; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-left-alt: dashed #BBBBBB .75pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-bottom-alt: solid black 4.5pt; mso-border-right-alt: solid black 1.0pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="256"> <p style="margin: 0in; mso-add-space: auto; text-align: center;" align="center"><strong><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">2022</font></strong></p> </td> </tr> <tr style="mso-yfti-irow: 2; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: solid black 1.0pt; padding: 0in 4.4pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"> <p style="margin: 0in; mso-add-space: auto;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Current:</font></p> </td> <td style="width: 178.7pt; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="238"><br/></td> <td style="width: 192.2pt; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid black 1.0pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="256"><br/></td> </tr> <tr style="mso-yfti-irow: 3; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"> <p style="mso-add-space: auto; margin: 0in 0in 0in .3in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Federal</font></p> </td> <td style="width: 11.7pt; border: none; border-bottom: solid black 1.0pt; mso-border-top-alt: solid windowtext 1.0pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 5.05pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="16"> <p style="margin: 0in; mso-add-space: auto;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">$</font></p> </td> <td style="width: 156.2pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid windowtext 1.0pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="208"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">93</font></p> </td> <td style="width: 11.7pt; border: none; border-bottom: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: dashed #BBBBBB .75pt; mso-border-bottom-alt: solid windowtext .5pt; padding: 0in 5.05pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="16"> <p style="margin: 0in; mso-add-space: auto;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">$</font></p> </td> <td style="width: 169.7pt; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid black 1.0pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="226"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">87</font></p> </td> </tr> <tr style="mso-yfti-irow: 4; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"> <p style="mso-add-space: auto; margin: 0in 0in 0in .3in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">State</font></p> </td> <td style="width: 178.7pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="238"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">18</font></p> </td> <td style="width: 192.2pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="256"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">22</font></p> </td> </tr> <tr style="mso-yfti-irow: 5; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"><br/></td> <td style="width: 178.7pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black 4.5pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="238"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">111</font></p> </td> <td style="width: 192.2pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black 4.5pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="256"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">109</font></p> </td> </tr> <tr style="mso-yfti-irow: 6; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.3pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; padding: 0in 5.05pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"><br/></td> <td style="width: 178.2pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black 4.5pt; mso-border-left-alt: solid black 1.0pt; padding: 0in 5.05pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="238"><br/></td> <td style="width: 192.2pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black 4.5pt; mso-border-left-alt: solid black 1.0pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="256"><br/></td> </tr> <tr style="mso-yfti-irow: 7; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"> <p style="margin: 0in; mso-add-space: auto;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Deferred:</font></p> </td> <td style="width: 178.7pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="238"><br/></td> <td style="width: 192.2pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="256"><br/></td> </tr> <tr style="mso-yfti-irow: 8; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"> <p style="mso-add-space: auto; margin: 0in 0in 0in .3in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Federal</font></p> </td> <td style="width: 178.7pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="238"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">(1)</font></p> </td> <td style="width: 192.2pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="256"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">(5)</font></p> </td> </tr> <tr style="mso-yfti-irow: 9; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"> <p style="mso-add-space: auto; margin: 0in 0in 0in .3in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">State</font></p> </td> <td style="width: 178.7pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="238"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">(7)</font></p> </td> <td style="width: 192.2pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="256"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">7</font></p> </td> </tr> <tr style="mso-yfti-irow: 10; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"><br/></td> <td style="width: 178.7pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="238"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">(8)</font></p> </td> <td style="width: 192.2pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="256"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">2</font></p> </td> </tr> <tr style="mso-yfti-irow: 11; mso-yfti-lastrow: yes; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"> <p style="margin: 0in; mso-add-space: auto;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Total income tax expense</font></p> </td> <td style="width: 11.7pt; border: none; border-bottom: solid black 4.5pt; mso-border-top-alt: solid black 4.5pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 5.05pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="16"> <p style="margin: 0in; mso-add-space: auto;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">$</font></p> </td> <td style="width: 156.2pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black 4.5pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="208"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">103</font></p> </td> <td style="width: 11.7pt; border: none; border-bottom: solid black 4.5pt; mso-border-top-alt: solid black 4.5pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 5.05pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="16"> <p style="margin: 0in; mso-add-space: auto;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">$</font></p> </td> <td style="width: 169.7pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black 4.5pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="226"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">111</font></p> </td> </tr> </table> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><br/></p> </div> <div class="Section9"> <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 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 614px; border-right: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 546.333px; border-width: 1pt 1pt 1pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 3.9pt; padding-left: 4.68pt; 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;">Year Ended December 31,</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 614px; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 242.792px; border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 3.9pt; padding-left: 4.68pt; 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: 290.792px; border-width: 1pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 3.9pt; padding-left: 4.68pt; 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; -aw-height-rule: exactly;"> <td style="width: 615.542px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #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;">Income tax expense at the statutory federal rate</font></p> </td> <td style="width: 23px; border-top: 4.5pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; padding-left: 4.68pt; 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: 205px; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">104</font></p> </td> <td style="border-top: 4.5pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; padding-left: 4.68pt; vertical-align: bottom; width: 51px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 225px; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">95</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 615.542px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #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;">State income tax, net of federal income tax effect</font></p> </td> <td style="width: 242.792px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">7</font></p> </td> <td style="width: 290.792px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">24</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 615.542px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #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;">Regulatory liability amortization</font></p> </td> <td style="width: 242.792px; border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 3.9pt; padding-left: 4.68pt; 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)</font></p> </td> <td style="width: 290.792px; border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 3.9pt; padding-left: 4.68pt; 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)</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 615.542px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #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;">Total income tax expense</font></p> </td> <td style="width: 23px; border-top: 4.5pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 5.05pt; padding-left: 4.68pt; 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: 205px; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">103</font></p> </td> <td style="border-top: 4.5pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 5.05pt; padding-left: 4.68pt; vertical-align: bottom; width: 51px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 225px; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">111</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 615.542px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Effective tax rate</font></p> </td> <td style="width: 242.792px; border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">21.0%</font></p> </td> <td style="width: 290.792px; border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 3.9pt; padding-left: 4.68pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">24.6%</font></p> </td> </tr> </table> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; 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> <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;"><br/></p> <table class="MsoNormalTable" style="border-collapse: collapse; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 0in 0in 0in;" border="0" cellspacing="0" cellpadding="0"> <tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: none; border-right: solid black 1.0pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"><br/></td> <td style="width: 400.3pt; border: solid black 1.0pt; border-left: none; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="4" valign="bottom" width="534"> <p style="margin: 0in; mso-add-space: auto; text-align: center;" align="center"><strong><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">December 31,</font></strong></p> </td> </tr> <tr style="mso-yfti-irow: 1; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"><br/></td> <td style="width: 190.5pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="254"> <p style="margin: 0in; mso-add-space: auto; text-align: center;" align="center"><strong><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">2023</font></strong></p> </td> <td style="width: 209.8pt; border-top: solid black 1.0pt; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="280"> <p style="margin: 0in; mso-add-space: auto; text-align: center;" align="center"><strong><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">2022</font></strong></p> </td> </tr> <tr style="mso-yfti-irow: 2; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"> <p style="margin: 0in; mso-add-space: auto; text-align: justify;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Deferred tax liabilities:</font></p> </td> <td style="width: 190.5pt; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid black 1.0pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="254"><br/></td> <td style="width: 209.8pt; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid black 1.0pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="280"><br/></td> </tr> <tr style="mso-yfti-irow: 3; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"> <p style="mso-add-space: auto; text-align: justify; margin: 0in 0in 0in .3in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Property, plant and equipment</font></p> </td> <td style="width: 19.0pt; border: none; border-bottom: solid black 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 5.05pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="25"> <p style="margin: 0in; mso-add-space: auto;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">$</font></p> </td> <td style="width: 171.5pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="229"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">318</font></p> </td> <td style="width: 22.2pt; border: none; border-bottom: solid black 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 5.05pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="30"> <p style="margin: 0in; mso-add-space: auto;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">$</font></p> </td> <td style="width: 187.6pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="250"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">320</font></p> </td> </tr> <tr style="mso-yfti-irow: 4; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"> <p style="mso-add-space: auto; text-align: justify; margin: 0in 0in 0in .3in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Other</font></p> </td> <td style="width: 190.5pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="254"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">8</font></p> </td> <td style="width: 209.8pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="280"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">10</font></p> </td> </tr> <tr style="mso-yfti-irow: 5; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"> <p style="mso-add-space: auto; text-align: justify; margin: 0in 0in 0in .5in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Total deferred tax liabilities</font></p> </td> <td style="width: 190.5pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="254"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">326</font></p> </td> <td style="width: 209.8pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="280"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">330</font></p> </td> </tr> <tr style="mso-yfti-irow: 6; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"><br/></td> <td style="width: 190.5pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="254"><br/></td> <td style="width: 209.8pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="280"><br/></td> </tr> <tr style="mso-yfti-irow: 7; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"> <p style="margin: 0in; mso-add-space: auto; text-align: justify;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Deferred tax assets:</font></p> </td> <td style="width: 190.5pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="254"><br/></td> <td style="width: 209.8pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="280"><br/></td> </tr> <tr style="mso-yfti-irow: 8; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"> <p style="mso-add-space: auto; text-align: justify; margin: 0in 0in 0in .3in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Regulatory liability</font></p> </td> <td style="width: 190.5pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="254"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">35</font></p> </td> <td style="width: 209.8pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="280"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">39</font></p> </td> </tr> <tr style="mso-yfti-irow: 9; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"> <p style="mso-add-space: auto; text-align: justify; margin: 0in 0in 0in .3in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Other</font></p> </td> <td style="width: 190.5pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="254"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">3</font></p> </td> <td style="width: 209.8pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="280"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">5</font></p> </td> </tr> <tr style="mso-yfti-irow: 10; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"> <p style="mso-add-space: auto; text-align: justify; margin: 0in 0in 0in .5in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Total deferred tax assets</font></p> </td> <td style="width: 190.5pt; border-top: none; border-left: none; border-bottom: solid windowtext 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="254"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">38</font></p> </td> <td style="width: 209.8pt; border-top: none; border-left: none; border-bottom: solid windowtext 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" colspan="2" valign="bottom" width="280"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">44</font></p> </td> </tr> <tr style="mso-yfti-irow: 11; mso-yfti-lastrow: yes; height: .35in; mso-height-rule: exactly;"> <td style="width: 457.8pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; padding: 0in 4.4pt 0in 4.4pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="610"> <p style="margin: 0in; mso-add-space: auto; text-align: justify;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Net deferred tax liability</font></p> </td> <td style="width: 19.0pt; border: none; border-bottom: solid black 4.5pt; mso-border-top-alt: solid windowtext 4.5pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 5.05pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="25"> <p style="margin: 0in; mso-add-space: auto;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">$</font></p> </td> <td style="width: 171.5pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: solid windowtext 4.5pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="229"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">288</font></p> </td> <td style="width: 22.2pt; border: none; border-bottom: solid black 4.5pt; mso-border-top-alt: solid windowtext 4.5pt; mso-border-left-alt: dashed #BBBBBB .75pt; padding: 0in 5.05pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="30"> <p style="margin: 0in; mso-add-space: auto;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">$</font></p> </td> <td style="width: 187.6pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: solid windowtext 4.5pt; padding: 0in 4.4pt 0in 5.05pt; height: .35in; mso-height-rule: exactly;" valign="bottom" width="250"> <p style="margin: 0in; mso-add-space: auto; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">286</font></p> </td> </tr> </table> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><br/></p> </div> <div class="Section10"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">4. Utility Plant</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 net utility plant consisted of the following (in millions):</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 359.85pt; border-right: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.75pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 179.85pt; border-top: 1pt solid #000000; border-right: 0.75pt solid #000000; padding-right: 5.03pt; 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: 260.85pt; border-top: 1pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; 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; -aw-height-rule: exactly;"> <td style="width: 359.85pt; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.75pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 179.85pt; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; 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: 121.35pt; border-top: 1pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; 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: 116.85pt; border-top: 1pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; 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; -aw-height-rule: exactly;"> <td style="width: 360.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Transmission and storage facilities</font></p> </td> <td style="width: 180.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">2.1 - 10.0</font></p> </td> <td style="width: 4.35pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.75pt; padding-left: 5.03pt; 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: 94.35pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.75pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">5,007</font></p> </td> <td style="width: 4.35pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.75pt; padding-left: 5.03pt; 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: 89.85pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.75pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">4,916</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 360.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; 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: 180.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">5.0 - 10.0</font></p> </td> <td style="width: 4.35pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.75pt; padding-left: 5.03pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 94.35pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.75pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">42</font></p> </td> <td style="width: 4.35pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.75pt; padding-left: 5.03pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 89.85pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.75pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">42</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 360.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Production plant</font></p> </td> <td style="width: 180.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">2.65</font></p> </td> <td style="width: 4.35pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.75pt; padding-left: 5.03pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 94.35pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.75pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1</font></p> </td> <td style="width: 4.35pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.75pt; padding-left: 5.03pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 89.85pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.75pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 360.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; 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: 180.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">5.0 - 7.5</font></p> </td> <td style="width: 121.7pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">14</font></p> </td> <td style="width: 117.2pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">14</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 360.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Accumulated depreciation and amortization</font><font style="font-family: Arial; font-size: 10.67pt; vertical-align: super;"> (1)</font></p> </td> <td style="width: 180.35pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.75pt; padding-left: 5.03pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 122pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.75pt; padding-left: 4.75pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(3,111)</font></p> </td> <td style="width: 117.5pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.75pt; padding-left: 4.75pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(3,035) </font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 360.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 180.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 4.35pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.75pt; padding-left: 5.03pt; 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: 94.35pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.75pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1,953</font></p> </td> <td style="width: 4.35pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.75pt; padding-left: 5.03pt; 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: 89.85pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.75pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1,938</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 360.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; 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: 180.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 121.7pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">4</font></p> </td> <td style="width: 117.2pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">4</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 360.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; 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: 180.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 121.7pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">60</font></p> </td> <td style="width: 117.2pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">34</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 360.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; 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: 180.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 4.35pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.75pt; padding-left: 5.03pt; 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: 94.35pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.75pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2,017</font></p> </td> <td style="width: 4.35pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.75pt; padding-left: 5.03pt; 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: 89.85pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.75pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1,976</font></p> </td> </tr> </table> <p style="margin-top: 0pt; margin-left: 54pt; margin-bottom: 0pt; text-indent: -36pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-left: 54pt; margin-bottom: 0pt; text-indent: -36pt;"><font style="font-family: Arial;">(1) The composite weighted average depreciation rates for the years ended December 31, 2023 and 2022 were approximately 2.21% and 2.22%, respectively.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">During the years ended December 31, 2023 and 2022, we made distributions totaling $364 million and $350 million, respectively, to our Members.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We are operated by KMI, and its employees provide services to us. The Operating Agreement provides for KMI to be reimbursed, at cost, for pre-approved expenditures and allocated general and administrative expenses in addition to indirect costs incurred on our behalf. </font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><br/></p> </div> <div class="Section11"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The following table summarizes our balance sheet affiliate balances (in millions):</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 55.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;" 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: 427.95pt; border-top: 1pt 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;" rowspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 325.65pt; border-top: 1pt 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="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; -aw-height-rule: exactly;"> <td style="width: 146.75pt; 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: 159.15pt; 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: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 55.2pt; 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; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">146</font></p> </td> <td style="width: 427.95pt; 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;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Accounts receivable from associated companies</font></p> </td> <td style="width: 10.6pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; 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; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 115.25pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; 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: 10.6pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; 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; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 127.65pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 55.2pt; 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; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">174</font></p> </td> <td style="width: 427.95pt; 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;"> <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="width: 10.6pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; 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; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 115.25pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">10</font></p> </td> <td style="width: 10.6pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; 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; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 127.65pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">5</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 55.2pt; 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; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">186</font></p> </td> <td style="width: 427.95pt; 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;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Capacity contract levelization</font></p> </td> <td style="width: 10.6pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; 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; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 115.25pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1</font></p> </td> <td style="width: 10.6pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; 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; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 127.65pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 55.2pt; 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; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">234</font></p> </td> <td style="width: 427.95pt; 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;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Accounts payable to associated companies</font></p> </td> <td style="width: 10.6pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; 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; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 115.25pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">15</font></p> </td> <td style="width: 10.6pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; 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; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 127.65pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">14</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 55.2pt; border: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;"> <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="width: 427.95pt; border-top: 1pt 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;"> <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="width: 10.6pt; border-top: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 115.25pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">10</font></p> </td> <td style="width: 10.6pt; border-top: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 127.65pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">15</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 55.2pt; border: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">252</font></p> </td> <td style="width: 427.95pt; border-top: 1pt 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;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Customer advances for construction</font></p> </td> <td style="width: 10.6pt; border-top: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 115.25pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1</font></p> </td> <td style="width: 10.6pt; border-top: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 127.65pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1</font></p> </td> </tr> </table> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The following table shows revenues and costs from our affiliates (in millions):</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 511.95pt; border-right: 1pt 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; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 326.75pt; border-top: 1pt 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="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; -aw-height-rule: exactly;"> <td style="width: 511.95pt; border-right: 1pt solid #000000; border-bottom: 1pt 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; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 146.75pt; 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: 160.25pt; border-top: 1pt 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; -aw-height-rule: exactly;"> <td style="width: 511.3pt; 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; 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;">Revenues</font></p> </td> <td style="width: 20.27pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; 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-left: 3.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 125.3pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">7</font></p> </td> <td style="width: 20.27pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; 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-left: 3.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 138.8pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">5</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 511.3pt; 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; 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;">Operation, maintenance and payroll tax expenses </font><font style="font-family: Arial; font-size: 10.67pt; vertical-align: super;">(1)</font></p> </td> <td style="width: 20.27pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; 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; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 125.3pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">112</font></p> </td> <td style="width: 20.27pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; 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; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 138.8pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">108</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 511.3pt; 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; 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;">Capitalized costs</font></p> </td> <td style="width: 20.27pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; 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; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 125.3pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">19</font></p> </td> <td style="width: 20.27pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; 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; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 138.8pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">12</font></p> </td> </tr> </table> <p style="margin-top: 0pt; margin-left: 54pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-left: 54pt; margin-bottom: 0pt; text-indent: -36pt; text-align: justify; -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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font><font style="font-family: Arial;">Includes costs associated with the Operating Agreement described above.</font></p> <p style="margin-top: 0pt; margin-left: 54pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Subsequent Event</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Subsequent to December 31, 2023 and through the issuance of this report, we made distributions to our Members of $115 million.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><br/></p> </div> <div class="Section12"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">6.</font><font style="font-family: Arial; font-weight: bold; -aw-import: spaces;">&#160; </font><font style="font-family: Arial; font-weight: bold;">Risk Management&#160;</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; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Certain of our business activities expose us to risks associated with unfavorable changes in the market price of natural gas.</font><font style="font-family: Arial; -aw-import: spaces;">&#160; </font><font style="font-family: Arial;">Pursuant to our management&#8217;s approved risk management policy, we use derivative contracts to hedge or reduce our exposure to this risk.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Energy Commodity Price Risk Management</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">As of December 31, 2023, we had the following outstanding commodity forward contracts to hedge our forecasted energy commodity purchases and sales:</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <table style="border: 1pt solid #000000; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 448.9pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; 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;">Derivatives not designated as hedging contracts</font></p> </td> <td style="width: 376.25pt; 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;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Net open position long/(short)</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 448.9pt; border-top: 4.5pt solid #000000; border-right: 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;">Natural gas fixed price</font></p> </td> <td style="width: 376.25pt; border-top: 4.5pt 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;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(2.5) billion cubic feet</font></p> </td> </tr> </table> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">As of December 31, 2023, the maximum length of time over which we have hedged, for economic purposes, our exposure to the variability in future cash flows associated with energy commodity price risk is through December 2024.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">As of December 31, 2023 and 2022, the fair value of derivative contract assets was less than $1 million and $6 million, respectively, and included in Account 175 "Derivative Instrument Assets" on our balance sheets, and the fair value of derivative contract liabilities was zero and $7 million, respectively, and included in Account 244 "Derivative Instrument Liabilities" on our balance sheets.</font><font style="font-family: Arial; -aw-import: spaces;">&#160; </font><font style="font-family: Arial;">The fair value measurements of these derivative contracts were based on Level 1 and Level 2 inputs.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The following table summarizes the pre-tax impact of our derivative contracts on our income statements (in millions:</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <table style="width: 886.6pt; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 385.5pt; border-bottom: 1pt solid #000000; padding-right: 5.05pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 76.05pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 395.55pt; border-top: 1pt 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="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Gain/(Loss) recognized in income on derivatives</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 386.8pt; border: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;" rowspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Derivatives not designated as accounting hedges</font></p> </td> <td style="width: 76.05pt; border-top: 1pt 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;" 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: 395.55pt; border-top: 4.5pt 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="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; -aw-height-rule: exactly;"> <td style="width: 184.05pt; 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: 202.05pt; 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: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 386.8pt; border: 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;">Energy commodity derivative contracts</font></p> </td> <td style="width: 76.05pt; border-top: 1pt 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: top; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 12.4pt; border-top: 4.5pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; padding-left: 4.68pt; vertical-align: top; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 161.55pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 12.4pt; border-top: 4.5pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; padding-left: 4.68pt; vertical-align: top; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 179.55pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 386.8pt; 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: 17.3pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Transportation revenue</font></p> </td> <td style="width: 76.05pt; 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: center; font-size: 16pt;"><font style="font-family: Arial;">400</font></p> </td> <td style="width: 12.4pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; 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;">$</font></p> </td> <td style="width: 161.55pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom; -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;">-</font></p> </td> <td style="width: 12.4pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; 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;">$</font></p> </td> <td style="width: 179.55pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom; -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;">(9)</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 386.8pt; 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: 17.3pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Sales for resale</font></p> </td> <td style="width: 76.05pt; 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: center; font-size: 16pt;"><font style="font-family: Arial;">400</font></p> </td> <td style="width: 12.4pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; 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; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 161.55pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom; -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;">6</font></p> </td> <td style="width: 12.4pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 5.05pt; 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; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 179.55pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom; -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;">(26) </font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 386.8pt; 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: 17.3pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Other gas supply expenses</font></p> </td> <td style="width: 76.05pt; 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: center; font-size: 16pt;"><font style="font-family: Arial;">401</font></p> </td> <td style="width: 12.4pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 5.05pt; 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; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 161.55pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom; -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;">-</font></p> </td> <td style="width: 12.4pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 5.05pt; 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; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 179.55pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom; -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;">(3)</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 386.8pt; 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: 26.3pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Total</font></p> </td> <td style="width: 76.05pt; 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-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 12.4pt; border-top: 4.5pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 5.05pt; padding-left: 4.68pt; 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;">$</font></p> </td> <td style="width: 161.55pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">6</font></p> </td> <td style="width: 12.4pt; border-top: 4.5pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 5.05pt; padding-left: 4.68pt; 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;">$</font></p> </td> <td style="width: 179.55pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(38) </font></p> </td> </tr> </table> </div> <div class="Section12"><br/></div> <div class="Section12" style="text-align: justify;"><font style="font-family: Arial; font-size: 16pt; text-align: justify;">In conjunction with certain derivative contracts, we are required to provide collateral to and receive collateral from<font style="font-family: arial, helvetica, sans-serif;"> our </font></font><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">counterparties<font style="text-align: justify;"> through restricted cash deposits placed in margin accounts. As of December 31, 2023 and 2022, we had cash margin deposits of less than $1 million and $2 million, respectively, posted with our </font>counterparties</font><font style="font-family: Arial; font-size: 16pt; text-align: justify;"><font style="font-family: arial, helvetica, sans-serif;"> and reported in Account 134 "Other Speci</font>al Deposits" on our balance sheets.</font></div> <div class="Section13"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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-weight: bold;">7. Rate and Regulatory Matters</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;"><em><font style="font-family: Arial;">Regulatory Assets and Liabilities</font></em></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;">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;">&#160; </font><font style="font-family: Arial;">Below are the details of our regulatory assets and liabilities (in millions):</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <table style="width: 652.15pt; 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: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 400.65pt; border-right: 1pt solid #000000; padding-right: 4.9pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 229.4pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; 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; -aw-height-rule: exactly;"> <td style="width: 400.65pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 104.35pt; border-top: 1pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single; -aw-border-right: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2023</font></p> </td> <td style="width: 114.25pt; border-top: 1pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single; -aw-border-right: 0.5pt single;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2022</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 400.65pt; border: 1pt solid #000000; padding-right: 4.9pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Regulatory assets (Account 182.3)</font></p> </td> <td style="width: 16.9pt; border-top: 4.5pt solid #000000; border-left: 1pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 4.9pt; vertical-align: bottom; -aw-border-bottom: 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: 76.65pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 16.9pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 86.55pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 400.65pt; border-top: 1pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;">&#160;&#160; </font><font style="font-family: Arial;">Taxes on capitalized funds used during construction</font></p> </td> <td style="width: 16.9pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 76.65pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">7</font></p> </td> <td style="width: 16.9pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 86.55pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">7</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 400.65pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.25pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;">&#160;&#160; </font><font style="font-family: Arial;">Other</font></p> </td> <td style="width: 16.9pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single; -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; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 76.65pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-right: 0.5pt single; -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;">2</font></p> </td> <td style="width: 16.9pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single; -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; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 86.55pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-right: 0.5pt single; -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;">2</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 400.65pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;">&#160;&#160;&#160;&#160;&#160; </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> </td> <td style="width: 16.9pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 76.65pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">9</font></p> </td> <td style="width: 16.9pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 86.55pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">9</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 400.65pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 16.9pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 76.65pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 16.9pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single;"> <p style="margin-top: 0pt; 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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: 76.65pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 16.9pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> <td style="width: 86.55pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 400.65pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;">&#160;&#160; </font><font style="font-family: Arial;">Income tax related</font></p> </td> <td style="width: 16.9pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 76.65pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">145</font></p> </td> <td style="width: 16.9pt; 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vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;">&#160;&#160; </font><font style="font-family: Arial;">Other</font></p> </td> <td style="width: 16.9pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single; -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: 76.65pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-right: 0.5pt single; -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;">1</font></p> </td> <td style="width: 16.9pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single; -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: 86.55pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-right: 0.5pt single; -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;">1</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 400.65pt; border: 0.75pt solid #000000; 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font-size: 16pt;"><font style="font-family: Arial;">146</font></p> </td> <td style="width: 16.9pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.03pt; vertical-align: bottom; -aw-border-left: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 86.55pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">156</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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font><font style="font-family: Arial;">Assets recoverable without earning a return.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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;">&#160; </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;">&#160; </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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> <br/></font></p> <p style="margin-top: 0pt; 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;">&#160; </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;">&#160; </font><font style="font-family: Arial;">These amounts are amortized to Account 411.1 &#8220;Provision for Deferred Income Taxes &#8211; Credit&#8221; over the remaining depreciable lives of the assets to which they apply. </font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><br/></p> </div> <div class="Section14"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Texas-Louisiana Expansion Project (Docket No. CP24-8-000)</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; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; background-color: #ffffff;">On October 18, 2023, we filed an application with the FERC seeking authority to construct the Texas-Louisiana Expansion Project.</font><font style="font-family: Arial; background-color: #ffffff; -aw-import: spaces;">&#160; </font><font style="font-family: Arial; background-color: #ffffff;">Specifically, we requested authority to construct and operate approximately 21,540 horsepower of new compression at Compressor Station 302 located in Montgomery County, Texas, and related auxiliary facilities at Compressor Station 343 located in Liberty County, Texas.</font><font style="font-family: Arial; background-color: #ffffff; -aw-import: spaces;">&#160; </font><font style="font-family: Arial; background-color: #ffffff;">The project will create 300,000 dekatherms per day of incremental firm capacity on our existing mainline facilities along the Texas-Louisiana Gulf Coast region.</font><font style="font-family: Arial; background-color: #ffffff; -aw-import: spaces;">&#160;The filed cost of the project&#160;</font><font style="font-family: Arial; background-color: #ffffff;">is approximately&#160;$72 million with an expected in-service date in the second half of 2026.</font></p> </div></div> Cashouts 1365226 Other items less than $250,000 (2 items) 51427 1416653 12 13 Arkansas AR Fully Owned and Operated by Respondent 913.7 Iowa IA Fully Owned and Operated by Respondent 849.6 Illinois IL Fully Owned and Operated by Respondent 2403.5 Indiana IN Fully Owned and Operated by Respondent 4.3 Kansas KS Fully Owned and Operated by Respondent 688.0 Louisiana LA Fully Owned and Operated by Respondent 189.7 Missouri MO Fully Owned and Operated by Respondent 297.4 Nebraska NE Fully Owned and Operated by Respondent 250.5 New Mexico NM Fully Owned and Operated by Respondent 253.5 Oklahoma OK Fully Owned and Operated by Respondent 761.1 Texas TX Fully Owned and Operated by Respondent 2402.8 9014.1 9014.1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 393388 1561795 741699 2696882 938624 3726443 1769694 6434761 805 489.2 4347 49205 14769 68321 10372 117403 35239 163014 805 489.4 397735 1611000 756468 2765203 948996 3843846 1804933 6597775 198787 789207 374796 1362790 474306 1883048 894263 3251617 854 810 12695 143702 43133 199530 30290 342873 102915 476078 819 810 211482 932909 417929 1562320 504596 2225921 997178 3727695 12239 48591 23076 83906 29202 115938 55059 200199 856/863 812 412 4667 1401 6480 983 11135 3343 15461 817/821 812 12651 53258 24477 90386 30185 127073 58402 215660 89160 353978 168104 611242 212736 844589 401096 1458421 813 812 89160 353978 168104 611242 212736 844589 401096 1458421 93202 370019 175723 638944 222380 882868 419276 1524524 -8760 -99164 -29765 -137689 -20901 -236605 -71019 -328525 84442 270855 145958 501255 201479 646263 348257 1195999 84442 270855 145958 501255 201479 646263 348257 1195999 164.1 808.2 Other dispositions 84442 270855 145958 501255 201479 646263 348257 1195999 Gas due from shippers See Footnote 2 5 8 11 352664 1543453 803575 2699692 794905 3478943 1811258 6085106 805 489.2 6950 44265 10233 61448 15665 99773 23065 138503 805 489.4 359614 1587718 813808 2761140 810570 3578716 1834323 6223609 154682 676973 352456 1184111 348653 1525897 794436 2668986 854 810 28243 179879 41584 249706 63660 405447 93730 562837 819 810 182925 856852 394040 1433817 412313 1931344 888166 3231823 21466 93950 48913 164329 48384 211763 110250 370397 856/863 812 1263 8047 1860 11170 2847 18138 4192 25177 817/821 812 22729 101997 50773 175499 51231 229901 114442 395574 28554 124970 65064 218588 64361 281683 146654 492698 813 812 28554 124970 65064 218588 64361 281683 146654 492698 147962 647560 337142 1132664 333507 1459600 759918 2553025 -22556 -143661 -33211 -199428 -50842 -323812 -74857 -449511 125406 503899 303931 933236 282665 1135788 685061 2103514 125406 503899 303931 933236 282665 1135788 685061 2103514 164.1 808.2 Other dispositions 125406 503899 303931 933236 282665 1135788 685061 2103514 Gas due from shippers Account Amount 131 $ 3,271 863 343,894 Total $ 347,165 Recorded pursuant to Section 12.8 of the General Terms and Conditions of our FERC Gas Tariff. The cost rate percentage of common equity used as the source of the 2023 AFUDC rates was the rate set by Docket No. RP95-326. The capital structure used as the source of the 2023 AFUDC rates is that of our direct parent, NGPL PipeCo LLC. The cost of debt used as the source of the 2023 AFUDC rates is that of our direct parent, NGPL PipeCo LLC. Transmission Plant (in thousands) Page 204, Line 92, Column (g) $3,987,162 Less: Moraine (Fully Depreciated) 10,365 Less: Land 3,298 $3,973,499 General Plant (in thousands) Page 204, Line 124, Column (g) $42,395 Less: Land 686 $41,709 Intangible Plant (in thousands) Page 204, Line 5, Column (g) $13,577 Less: Organizational Costs (Fully Depreciated) 13 $13,564 Production and Gathering: Rate Gathering (Fully Depreciated) 2.65% Onshore Plant: Rate Transmission 2.10%* Right of Way - 10 Years 10.00% Right of Way - 30 Years 3.33% *Includes 0.30% for Negative Salvage General Plant: Rate Structures 5.00% Office Machines/Equipment 7.50% Office Furniture 7.50% Computer Equipment 7.50% Automobiles 10.00% Tools and Shop Equipment 10.00% Lab Equipment 5.00% Power Operated Equipment 10.00% Communication Equipment 7.50% Miscellaneous Equipment 5.00% NGPL PipeCo LLC (NGPL PipeCo) owns NGPL Finance LLC, which owns 35% of Natural Gas Pipeline Company of America LLC (Natural). The remaining 65% of Natural is directly owned by NGPL PipeCo. NGPL PipeCo is wholly owned by Midco LLC, a wholly-owned subsidiary of NGPL Intermediate Holdings, a wholly-owned subsidiary of NGPL Holdings LLC. Kinder Morgan NGPL Holdings LLC is owned by Kinder Morgan, Inc. AL NGPL Holdings, LLC is indirectly owned by funds managed by ArcLight Capital Partners, LLC Brookfield Infrastructure Partners L.P. is incorporated in Bermuda. Horizon Pipeline Company, L.L.C. is jointly owned, 50% by Natural Gas Pipeline Company of America LLC and 50% by Nicor-Horizon, Inc., a subsidiary of The Southern Company. See Page 102, "Control Over Respondent" for a description of our ownership structure. Allowance for other funds used during construction $ 1,512,904 Allowance for borrowed funds used during construction 820,667 Total $ 2,333,571 Allowance for other funds used during construction $ 11,822 Allowance for borrowed funds used during construction 428,728 Total $ 440,550 Net increase in utility plant accruals $ 13,968,041 Equity in earnings of subsidiary companies $ 1,169,043 Cash distribution of earnings from Horizon Pipeline Company, L.L.C (Horizon) (1,000,000) Total $ 169,043 Equity in earnings of subsidiary companies $ 1,739,487 Cash distribution of earnings from Horizon (2,250,000) Total $ (510,513) Account 134 - Other special deposits $ 2,175,335 Account 136 - Temporary cash investments 2,919 Total $ 2,178,254 Account 131 - Cash $ 490,660 Account 136 - Temporary cash investments 3,626 Total $ 494,286 Account 134 - Other special deposits $ 472,838 Account 136 - Temporary cash investments 18,078,292 Total $ 18,551,130 Delivery point - 39755 Horizon/NGPL North McHenry Receipt point - 39855 Horizon/NGPL South Grundy Volumes represent January 23 - December 23 flow Transmission Accumulated Provision for Depreciation Accumulated Depreciation $ 2,475,288,954 Negative Salvage 27,652,759 Less: Retirement Work in Progress 7,608,149 Total $ 2,495,333,564 Storage Plant (in thousands) Page 204, Line 57, Column (g) $1,024,016 Less: Land 325 $1,023,691 Intangible Plant: Rate Other Intangibles 7.50% Software 7.50% Herscher Galesville Intangible 5.00% All revenue for DSS is reported as transportation revenue on page 304. Year-to-date shipper supplied gas (Fuel Used) from storage contracts: 1,712,499 Dth. Fuel recovery volumes (shipper supplied gas for storage): Dth October activity 159,569 November activity 68,321 December activity 61,448 Total storage fuel recovery activity 289,338 Plus transmission fuel recovery activity 7,993,883 Total fuel retained for the quarter 8,283,221 Total Throughput volumes reported on Page 520, Lines 5 & 20 column d 663,238,787 Less: Double counted pools 47,833,536 Total equals Page 521, Line 68, column b 615,405,251 Storage Withdrawal from Working Gas (Top Gas). Storage Withdrawal from Working Gas (Top Gas). Storage Injection into Working Gas (Top Gas). Storage Injection into Working Gas (Top Gas). Volumes are on a flow month basis. In accordance with FERC Order No. 581, we use the inventory method to report storage gas. Industry Research: FIS Capital Markets US LLC Use tax is distributed to various accounts based on the accounts charged for the originating invoice. These revenues are associated with the LPS agreements. The net monthly LPS Receipts/(Deliveries) volume activity for the quarter is as follows: Dth Net LPS Receipts/(Deliveries) Balance - Beginning of Quarter (1,505,004) Month 1 net activity 7,768,136 Month 2 net activity 3,878,383 Month 3 net activity (9,877,613) Net Quarterly Activity 1,768,906 Net LPS Receipts/(Deliveries) Balance - End of Quarter 263,902 Fuel recovery volumes (shipper supplied gas for transmission): Dth October activity 2,597,309 November activity 2,696,882 December activity 2,699,692 Total Transmission fuel recovery activity 7,993,883 Year-to-date shipper supplied gas (Fuel Used & L&U) from transmission contracts: 30,110,337 Dth. 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 $ 38,507,403 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 $ 34,986,410 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 $ 369,179,608 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 $ 374,911,521 As of December 31, 2022, we estimate that none of the deferred tax balance in Account 283 could be used in the development of jurisdictional recourse rates. As of December 31, 2023, we estimate that none of the deferred tax balance in Account 283 could be used in the development of jurisdictional recourse rates. Amounts charged are based on Kinder Morgan, Inc.'s other compensation and benefit expenses and are allocated to us based on the distribution of direct labor charges (excluding overtime and special pay). Amounts charged by Kinder Morgan, Inc., through shared services are allocated using the modified Massachusetts Formula. Account Amount 107 $ 1,844,528 108 470,840 186 398,256 408.1 4,814,377 814 1,789,197 816 1,079,169 817 652,113 818 2,218,761 820 34,074 821 793,060 830 171,356 831 900 832 960,158 833 578,107 834 2,087,914 835 34,073 836 742,392 850 10,870,367 852 867 853 9,203,417 856 10,471,450 857 3,311,401 861 1,408,593 863 6,379,718 864 5,717,665 865 1,449,230 866 404 867 12,846 920 12,720,384 Total $ 80,215,617 Account Amount 107 $ 215,722 108 55,499 186 63,293 926 12,645,570 Total $ 12,980,084 Account Amount 107 $ 10,746,866 186 5,610,485 Total $ 16,357,351 Recorded pursuant to Docket No. AI93-5-000 issued on April 23, 1993 (Accounting for Income Taxes). We estimate approximately $27.8 million of the ending balance is associated with the projects granted non-traditional rate treatment that are reported on page 217. Amount consists of customer owned and proprietary gas. All volumes converted to Btu using 1.03 btu/cf (1.03 Dth/Mcf). Includes observation wells, water disposal wells and water pump wells. Shipper nominations and resulting system flow patterns did not require operation of field compressor stations in period. This footnote applies to all transmission compressor stations not reporting operational data in columns k-m: Shipper nominations and resulting system flow patterns did not require operation of station in period. Plant cost in column (e) reflects gross cost of compressor station. Total Certificated HP at station. Con-current station limitation of 18,620 HP. All horsepower is FERC Certificated. Site horsepower could be rated differently based on elevation and temperature. This footnote also applies to lines 4 and 14, column (d). Cushion Gas consists of 205,584,203 Dekatherms of recoverable cushion volumes owned in fee by Natural and 118,028,197 Dekatherms of non-recoverable volumes owned by Natural reported in Account 101. Natural has working gas totaling 8.8 million Dekatherms that serves a cushion function. Forward purchases and sales of natural gas. See page 122.1, Notes to Financial Statements, Note 2 "Summary of Significant Accounting Policies" and Note 6 "Risk Management" for additional information. Reinstatement of previously retired asset For the year ended December 31, 2023, we did not sell gas from company owned cushion gas. From time to time we have completed storage expansion projects which, with FERC approval, reduces the amount of cushion gas required to be maintained for operation of certain of our storage facilities. We have working gas totaling 8.8 million Dekatherms that serves a cushion function. Account Amount 146 $ 7,936 931 7,200 Total $ 15,136 See Page 332 for additional details on Transmission and Compression of Gas by Others. Exclude electric storage compression booked to Account 819 of $5,456,541 Account Amount 819 $ 6,736,466 854 27,439,404 Total $ 34,175,870 See Page 218, "General Description of Construction Overhead Procedure" for the basis of allocation. Account Amount 408.1 $ 2,779 920 38,347 921 474 923 4,715 925 23,027 926 12,201 930.2 5,682 931 4,426 Total $ 91,651 Account Amount 408.1 $ 697,382 920 9,354,678 922 (622,748) 923 1,689,230 924 1,726,739 925 2,166,886 926 1,833,767 930.2 2,679,207 931 1,963,371 Total $ 21,488,512 Facilities retired in 2023. Facilities retired in 2023. Facilities retired in 2023. 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 reported amounts have been allocated to discounted, negotiated, or recourse rate contracts based on reasonable assumptions. Line 14 dekatherms do not include electric compressor stations. This footnote applies to all periods within the quarter. The value of this gas is based on the Average Monthly Index Price provided for in our tariff. This footnote applies to all periods within the quarter. NGPL Holdings LLC is owned 37.5% by Kinder Morgan NGPL Holdings LLC, 37.5% by AL NGPL Holdings, LLC and 25% by BIP PipeCo Holdings LLC. In the order approving the Chicago Market Expansion Project (CMEP) in Docket No. CP15-505-000, the FERC approved our proposal to reflect our system reservation charge as the monthly reservation charge for the CMEP, but required us to calculate an incremental commodity charge for the CMEP instead of allowing us to use our system commodity charge as requested. We consider the CMEP to be a partially incremental project as a result. Many of the cost categories required to be reported on this page are recorded at the entity level rather than at the asset level; therefore, the costs and expenses reported have been allocated to the projects listed based on reasonable assumptions and may differ from those used in a Section 4 rate proceeding. On December 7, 2023, Prime US Investments Pty Ltd., a subsidiary of Brookfield Infrastructure Partners L.P. (BIP) sold all of its interest in NGPL Holdings LLC to BIP PipeCo Holdings LLC (BHP). BHP is indirectly owned by BIP. Account Amount 142 $ 1,950,887 146 939 Total $ 1,951,826 Schedule of Volumes for Calculation of Annual FERC Charges (ACA) under the Budget Omnibus Reconciliation Act of 1986 Prepared in lieu of footnotes indicated by instructions 7, 9 and 10. Line No. Dth Total Deliveries of Gas Transported for Others 20 2,477,441,576 Less: Double-counted pooling point volumes 239,845,986 Total Deliveries of Gas for ACA calculation 2,237,595,590 All of the debt required to finance our pipeline was issued by our parent company, NGPL PipeCo LLC (NGPL PipeCo). NGPL PipeCo's interest expense, as calculated in accordance with U.S. Generally Accepted Accounting Principles and as reported on its audited consolidated financial statements for the years ended December 31, 2023 and 2022 was $94.9 million and $96.1 million, respectively. Interest on debt to associated companies recorded in Account 430 of $4,237 relates to principal balances in other accounts, and is not reported on page 256.