C000629
2024-01-01
2024-06-30
C000629
2024-06-30
C000629
2023-01-01
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C000629
2023-06-30
C000629
2024-04-01
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C000629
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2023-06-30
C000629
2023-12-31
C000629
2022-12-31
C000629
1
2024-01-01
2024-06-30
C000629
1
2023-01-01
2023-06-30
C000629
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2024-01-01
2024-06-30
C000629
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2023-01-01
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C000629
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2024-01-01
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C000629
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C000629
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2023-01-01
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C000629
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C000629
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2023-01-01
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2024-01-01
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C000629
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2023-01-01
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C000629
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2024-01-01
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C000629
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2024-01-01
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C000629
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C000629
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2024-01-01
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C000629
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2024-01-01
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C000629
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2024-01-01
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C000629
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C000629
ScheduleStatisticsOfOperationsOwnedByRespondentButOperatedByOthersAbstract
2024-01-01
2024-06-30
xbrli:pure
utr:bbl
iso4217:USD
<div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">1. None</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">2. None</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">3. None</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">4. 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: 16pt;">5. NA</font></p></div>
10659823
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27263575
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2317133
2598786
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2000
2000
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498037146
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18500
18500
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202077
202077
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4790690
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565080
137313
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1377874
1377874
205245
205245
205245
8778264
8778264
8778264
20295896
20295896
26689581
31843048
Change in Prepayments
243813
223137
Change in Miscellaneous Other Assets
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Change in Other Current Liabilities
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-69150
Change in Other NonCurrent Liabilities
-281653
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1
2
3
4
Change in Customer Advances for Construction
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Net Salvage/(Cost of Removal)
29387
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29387
-230130
1
2
Contributions From Member
109757
1193090
109757
1193090
1
California
29111 - Gasoline & Jet Fuel
13523598
13523598
13488224
13488224
California
29113 - Distillate Fuel Oil
6959829
6959829
6633399
6633399
California
29119 - Transmix
116526
116526
20483427
20483427
20238149
20238149
20483427
20483427
20238149
20238149
2
5
6
7
Distributions to Member
-30149531
-22755646
-30149531
-22755646
1
5453554
5319417
-1750932
3708641
363414
45320
759814
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109757
1193090
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NA
<div><!--?xml version="1.0" encoding="utf-8" standalone="no"?-->
<p> </p>
<p><font style="font-style: italic; font-weight: bold; font-size: 16pt; font-family: Arial;">1. Interim Period Disclosures –</font></p>
<div style="line-height: 108%; font-family: Arial; font-size: 11pt;">
<div class="Section1">
<p style="margin-top: 0pt; margin-bottom: 8pt; text-align: justify; line-height: 108%; font-size: 16pt;"><br/></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; text-align: justify; line-height: 108%; font-size: 16pt;">Because this is an interim period presentation, this report should be read along with the Calnev Pipe Line LLC (“the Company”, “our”) 2023 Annual Form 6 financial statements for more information. For the six months ended June 30, 2024, there have been no significant changes to the disclosures in our 2023 Form 6, Page 122, Notes to Financial Statements.</p>
<p style="margin-top: 0pt; margin-bottom: 8pt; text-align: justify; line-height: 108%; font-size: 12pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 16pt;"><font style="font-weight: bold; font-style: italic;">2. Commitments and Contingencies –</font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 12pt;"><font style="font-weight: bold; font-style: italic; -aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 16pt;"><font style="font-weight: bold; font-style: italic;">Legal Matters -</font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; text-align: justify; line-height: 108%; font-size: 12pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; text-align: justify; line-height: 108%; 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.</p>
<p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 12pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 16pt;">There are currently no material legal proceedings against the Company as of June 30, 2024.</p>
<p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 12pt;"><font style="font-weight: bold; font-style: italic; -aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 16pt;"><font style="font-weight: bold; font-style: italic;">Environmental Matters -</font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; text-align: justify; line-height: 108%; font-size: 12pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; text-align: justify; line-height: 108%; font-size: 16pt;">We are subject to environmental cleanup and enforcement actions from time to time. In particular, the Comprehensive Environmental Response, Compensation and Liability Act generally imposes joint and several liability for cleanup and enforcement costs on current and predecessor owners and operators of a site, among others, without regard to fault or the legality of the original conduct, subject to the right of a liable party to establish a “reasonable basis” for apportionment of costs. Our operations are also subject to federal, state and local laws and regulations relating to protection of the environment. Although we believe our operations are in substantial compliance with applicable environmental laws and regulations, risks of additional costs and liabilities are inherent in our operations, and there can be no assurance that we will not incur significant costs and liabilities. Moreover, it is possible that other developments could result in substantial costs and liabilities to us, such as increasingly stringent environmental laws, regulations and enforcement policies under the terms of authority of those laws, and claims for damages to property or persons resulting from our operations.</p>
<p style="margin-top: 0pt; margin-bottom: 8pt; text-align: justify; line-height: 108%; font-size: 12pt;"><font style="-aw-import: ignore;">  </font><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; text-align: justify; line-height: 108%; font-size: 16pt;">We are currently involved in several governmental proceedings involving alleged violations of environmental and safety regulations, including alleged violations of the Risk Management Program and leak detection and repair requirements of the Clean Air Act. As we receive notices of non-compliance, we attempt to negotiate and settle such matters where appropriate. These alleged violations may result in fines and penalties, but we do not believe any such fines and penalties, individually or in the aggregate, will be material. We are also currently involved in several governmental proceedings involving groundwater and soil remediation efforts under administrative orders or related state remediation programs.  We have established a reserve to address the costs associated with the remediation.</p>
<p style="margin-top: 0pt; margin-bottom: 8pt; text-align: justify; line-height: 108%; font-size: 12pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; text-align: justify; line-height: 108%; font-size: 16pt;">In addition, we are involved with and have been identified as a potentially responsible party in several federal and state superfund sites. Environmental reserves have been established for those sites where our contribution is probable and reasonably estimable. In addition, we are from time to time involved in civil proceedings relating to damages alleged to have occurred as a result of accidental leaks or spills of refined petroleum products.</p>
<p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; font-size: 12pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; line-height: 108%; 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.</p>
<p style="margin-top: 0pt; margin-bottom: 8pt;"><font style="-aw-import: ignore;">  </font></p>
</div>
</div>
<p style="margin:0pt"><br/></p></div>
Meli A. Armstrong
Vice President Accounting
/s/ Meli A. Armstrong
2024-08-29
6-Q
Calnev Pipe Line LLC
C000629
2024
Q2
1001 Louisiana Street, Suite 1000, Houston, TX 77002
Brandon Frederick
Divisional Controller
1001 Louisiana Street, Suite 1000, Houston, TX 77002
713-369-8716
O
2024-06-30
IRIS Carbon