C008788 2024-01-01 2024-03-31 C008788 2024-03-31 C008788 2023-01-01 2023-03-31 C008788 2023-12-31 C008788 2022-12-31 C008788 ScheduleStatisticsOfOperationsOwnedByRespondentButOperatedByOthersAbstract 2024-01-01 2024-03-31 C008788 1 2024-01-01 2024-03-31 C008788 1 2023-01-01 2023-03-31 C008788 1 2024-01-01 2024-03-31 C008788 1 2024-01-01 2024-03-31 C008788 1 2024-01-01 2024-03-31 C008788 1 2023-01-01 2023-03-31 C008788 ferc:OilProductsMember 2024-01-01 2024-03-31 C008788 ferc:OilProductsTrunkMember 2024-01-01 2024-03-31 C008788 ferc:OilProductsMember 5 2024-01-01 2024-03-31 C008788 2 2024-01-01 2024-03-31 C008788 5 2024-01-01 2024-03-31 xbrli:pure utr:bbl iso4217:USD <div><!--?xml version="1.0" encoding="utf-8" standalone="no"?--> <p style="margin:0pt"><br/></p> <div class="Section1"> <p style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal; font-size: 14pt;"><font style="font-family: Arial; font-weight: bold; font-style: italic; font-size: 16pt;">1. Interim Period Disclosures -</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; line-height: normal; font-size: 14pt;"><font style="font-size: 16pt;"><font style="font-family: Arial;">Because this is an interim period presentation, this report should be read along with the Kinder Morgan Utopia LLC (&#8220;the Company&#8221;, &#8220;our&#8221;) 2023 Annual Form 6 financial statements for more information.</font> <font style="font-family: Arial;">For the three months ended March 31, 2024, there have been no significant changes to the disclosures in our 2023 Form 6, Page 122, Notes to Financial Statements.</font></font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 14pt;"><font style="font-family: Arial; font-weight: bold; font-style: italic; font-size: 16pt;">2. Commitments and Contingencies -</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; line-height: normal; font-size: 14pt;"><font style="font-family: Arial; font-weight: bold; font-style: italic; font-size: 16pt;">Legal Matters -</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 14pt;"><font style="font-family: Arial; font-size: 16pt;">We are, or may be, party to various legal, regulatory and other matters arising from the day-to-day operations of our businesses or certain predecessor operations 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 and insurance, that the ultimate resolution of such items will not have a material adverse impact on our business. We believe we have numerous and substantial defenses to the matters to which we are a party and intend to vigorously defend the Company. When we determine a loss is probable of occurring and is reasonably estimable, we accrue an undiscounted liability for such contingencies based on our best estimate using information available at that time. If the estimated loss is a range of potential outcomes and there is no better estimate within the range, we accrue the amount at the low end of the range. We disclose contingencies where an adverse outcome may be material, or in the judgment of management, we conclude the matter should otherwise be disclosed.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 14pt;"><font style="font-family: Arial; font-size: 16pt;">There are currently no material legal proceedings against the Company as of March 31, 2024.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 14pt;"><font style="font-family: Arial; font-weight: bold; font-style: italic; font-size: 16pt;">Environmental Matters -</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 14pt;"><font style="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 &#8220;reasonable basis&#8221; 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&#160;</font><font style="font-family: Arial;">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></font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; line-height: normal; font-size: 14pt;"><font style="font-family: Arial; font-size: 16pt;">Although it is not possible to predict the ultimate outcomes, we believe that the resolution of the environmental matters, to which we are a party, will not have a material adverse effect on our business.</font></p> </div> <div class="Section2"> <p style="margin-top: 0pt; margin-bottom: 8pt;"><font style="-aw-import: ignore;"> <br/></font></p> </div></div> <div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">1.&#160; None</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">2.&#160; None</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">3.&#160; None</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">4.&#160; See Notes to Financial Statements Page 122, Note 2 - Commitments and Contingencies</font></p> <p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">5.&#160; NA</font></p></div> NA 11864832 5720656 3625969 3691858 8238863 2028798 71538 71538 8310401 2028798 8310401 2028798 8310401 2028798 8310401 2028798 8310401 2028798 8310401 2028798 8310401 2028798 8310401 2028798 Net Salvage/(Cost of Removal) -3181 -3181 1 Contributions From Member 300000 300000 1 Distributions to Member -14484803 -12820524 -14484803 -12820524 1 11864832 11864832 11864832 2028798 8310401 465273 465273 465273 378327 378327 378327 27771 27771 27771 9647 9647 9647 27416 27416 27416 908434 908434 908434 187523 187523 187523 33764 33764 33764 38601 38601 38601 2182401 2182401 2182401 80787 80787 80787 2719 2719 2719 38818 38818 38818 99995 99995 99995 52927 52927 52927 2717535 2717535 2717535 3625969 3625969 779951 452774 94635 802644 5191482 5191482 207480 207480 6273548 6654380 613610058 613547735 52819784 50634202 560790274 562913533 560790274 562913533 4239 7409 4239 7409 567068061 569575322 1812746 1787672 650789 944165 73655 162000 3918716 194928 6455906 3088765 6455906 3088765 560612155 566486557 560612155 566486557 567068061 569575322 Change in Other Current Liabilities 3726958 8125713 1 2182401 2178329 -708009 -49863 -62597 -502479 3726958 8125713 14865172 11880224 62323 187388 59142 187388 -294050 -941082 -353192 -1128470 300000 -14184803 -12820524 327177 -2068770 452774 2068770 779951 Ohio 29111 - Ethane 1834910 1834910 2029799 2029799 1834910 1834910 2029799 2029799 1834910 1834910 2029799 2029799 2 5 Sara Pavlas Vice President - Accounting /s/ Sara Pavlas 2024-05-24 6-Q Kinder Morgan Utopia LLC C008788 2024 Q1 1001 Louisiana Street, Suite 1000, Houston, TX 77002 Cassell Kincaid Director - Accounting 1001 Louisiana Street, Suite 1000, Houston, TX 77002 713-420-2833 O 2024-03-31 IRIS Carbon Includes salaries and wages provided by an affiliate.