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Phillips Vice President /s/ Vicki A. Phillips 2025-03-25 2 Kinder Morgan Louisiana Pipeline LLC C000231 2024 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 2024-12-31 IRIS Carbon 461725648 461725648 37843030 37843030 37843030 37843030 122523 122523 842 842 123365 123365 499445313 499445313 499209341 499209341 235972 235972 10 18 972075 972075 37802609 37802609 40421 40421 37843030 972075 38815105 1294405872 1294405872 1294405872 1294405872 1294405872 1294405872 512834264 512834264 781571608 781571608 499445313 499445313 13388951 13388951 512834264 512834264 Natural Gas Pipeline Company of America LLC true Leased capacity through July 2032 of 200,000 Dth/day in 19 miles of transmission pipeline located in Cameron Parish, Louisiana. 825582 825582 1 <div><p><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; color: black;">1. Construction Overhead</font></p> <p><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-weight: bold;">(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"><font style="font-size: 18.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-bidi-font-weight: bold;">(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"><font style="font-size: 18.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-bidi-font-weight: bold;">(c) Costs are accumulated in a blanket overhead project and distributed monthly to individual construction projects.</font></p> <p class="MsoNormal"><font style="font-size: 18.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-bidi-font-weight: bold;">(d) Different overhead rates are applied based on the nature of the construction project.</font></p> <p class="MsoNormal"><font style="font-size: 18.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-bidi-font-weight: bold;">(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"><font style="font-size: 18.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-bidi-font-weight: bold;">(f) Overheads are directly assigned to each project.</font></p> <p class="MsoNormal"><font style="font-size: 18.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-bidi-font-weight: bold;">2. Allowance for Funds Used During Construction</font></p> <p class="MsoNormal"><font style="font-size: 18.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-bidi-font-weight: bold;">Allowance for funds used during construction is calculated below.</font></p> <p class="MsoNormal"><font style="font-size: 18.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-bidi-font-weight: bold;">3. Net-of-Tax rate for borrowed funds</font></p> <p class="MsoNormal"><font style="font-size: 18.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-bidi-font-weight: bold;">Not Applicable</font></p></div> 828226737 Kinder Morgan Louisiana Pipeline LLC 1.0000 0.14 828226737 1.0000 12489 0.14 0.0405 0.056 1260201 0.0300 1427 0.0300 Intangible Plant (footnote details) 32402 0.0300 Other Gas Storage (footnote details) 9 10 Matthew J. Wojtalewicz Vice President and Controller 1001 Louisiana Street, Suite 1000, Houston, TX 77002 true false Organized as a Limited Liability Company in Delaware on September 14, 2005. Transportation of natural gas in Louisiana. false Kinder Morgan, Inc. M DE 1.00 Kinder Morgan GP LLC I DE 0.0242 Kinder Morgan Energy Partners, L.P. 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Interest - Tax 11637611 4340534 Federal Income Tax 1361627 State Deferred Income Tax 38815105 Book Depreciation and Amortization 473553 AFUDC Equity - Regulatory Asset 3107 Meals & Entertainment 890 Non-Deductible Lobbying and Contributions 44994816 10490 Capitalized Overhead - Book 709 AFUDC Equity - Book Capitalized Amount 511 AFUDC - Book Capitalized Interest 174418 Lease Levelization 3798 Park & Loan Deferral 189926 73145165 Tax Depreciation and Amortization 842 Cost of Removal 73146007 21% of Taxable Income Return to Provision/Other Federal Income Tax - Current 5 6 9 10 11 12 13 14 17 18 19 20 21 24 25 29 30 31 32 33 34 3136 989 Shared Service Allocations 297268 6 399626 399626 399626 Investment Advance - Open Account - Kinder Morgan, Inc. 8 7 5 4 2 1 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA Not Prepared 7125 316655 3490 327270 15119 671910 7405 694434 7125 316655 3490 327270 15119 671910 7405 694434 7885 349961 3833 361679 16731 742582 8134 767447 854 810 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11850 483 21656 392 22531 Gas due from shippers 6884 320947 6282 334113 14885 693952 13582 722419 See Footnote 6884 320947 6282 334113 14885 693952 13582 722419 7319 341312 6680 355311 15825 737985 14443 768253 854 810 7319 341312 6680 355311 15825 737985 14443 768253 41 1890 37 1968 89 4087 79 4255 856 812 41 1890 37 1968 89 4087 79 4255 -365 -17017 -333 -17715 -789 -36794 -720 -38303 -365 -17017 -333 -17715 -789 -36794 -720 -38303 -111 -5238 -102 -5451 -240 -11326 -220 -11786 -111 -5238 -102 -5451 -240 -11326 -220 -11786 Other Dispositions Gas due from shippers 111 5238 102 5451 240 11326 220 11786 182.3/407.3 254/407.4 111 5238 102 5451 240 11326 220 11786 127797612 199094 127996706 862523915 807687405 1239948 1239948 1697792 1697792 2937740 2937740 228482 228482 228482 228482 1468430 1468430 1697792 1697792 3166222 3166222 3166222 3166222 5049 5049 5049 5049 461 461 461 461 3171732 3171732 74 Federal Income Tax Federal Tax Federal Subtotal Federal Tax State Income Tax - Louisiana 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20497183 2752827 126482 2626345 2752827 126482 2626345 126482 2147050 98649 2048401 605777 27833 577944 FERC Form 2 KMLP System Map 2025.pdf 1 2025-01-06 1574047 1574047 135819 135819 1709866 1709866 12709 12709 Operational Balancing Agreements 34471 34471 47180 47180 2025-01-06 4724046 4724046 374339 374339 5098385 5098385 Operational Balancing Agreements 34861 34861 34861 34861 Sabine Pass Expansion Project CP17-22-000 Incremental 269412 Sabine Pass Acadiana Expansion Project CP19-484-000 Incremental 508073 777485 1 2 86634672 9264135 191 95898998 86634672 9264135 191 95898998 9264135 191 67570218 7225510 149 74795877 19064454 2038625 42 21103121 Station 760 - Eunice, LA Transmission Compressor Stations 5 127000 199657384 9995670 2255086 4740055 PT26874H 5 2024-04-09 199657384 1 Transfer from Account 186 4995339 Transfer from Account 253 1013870 Distributions to Member -60845719 -54836510 1 2 3 Other (less than $250,000) 890 Other (less than $250,000) Interest on Sales and Use Tax Assessment 840 1 3 5 7 9 10 12 13 15 17 18 Directly Charged Salaries and Wages Kinder Morgan, Inc. Various 2324681 Other Compensation and Benefits Kinder Morgan, Inc. Various 395137 Shared Services Kinder Morgan, Inc. Various 2148266 Capacity Lease Natural Gas Pipeline Company of America LLC 858 825582 Construction Overheads Kinder Morgan, Inc. 107 10490 Other, less than $250,000 859 20702 5724858 2 3 4 5 6 7 <div><p class="MsoNormal"><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">1. None.</font></p> <p>&#160;</p></div> <div><p class="MsoNormal"><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">2. None.</font></p> <p>&#160;</p></div> <div><p class="MsoNormal"><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">3. 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None.</font></p> <p>&#160;</p></div> <div><p class="MsoNormal"><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">9. See page 122.1, Notes to Financial Statements, Note 2, "Summary of Significant Accounting Policies."</font></p> <p>&#160;</p></div> <div><p class="MsoNormal"><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">10. None.</font></p> <p>&#160;</p></div> <div><p class="MsoNormal"><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">11. None.</font></p> <p>&#160;</p></div> <div><p class="MsoNormal"><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">12. Changes made during the year ended December 31, 2024:</font></p> <p class="MsoNormal"><font style="font-size: 18.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160;</font><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">Appointments:</font></p> <p class="MsoNormal"><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160; &#160; &#160; &#160;</font><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">Ernesto A. Ochoa &#8211; Chief Commercial Officer</font></p> <p class="MsoNormal"><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160; &#160; &#160; &#160;Mark Wilson - Vice President</font></p> <p class="MsoNormal" style="margin-left: .5in; mso-add-space: auto;"><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">Michael J. Pitta &#8211; Vice President </font></p> <p class="MsoNormal" style="margin-left: .5in; mso-add-space: auto;"><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">Tony Sala &#8211; Vice President</font><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160;</font></p> <p class="MsoNormal"><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">Resignations:</font></p> <p class="MsoNormal"><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160; &#160; &#160; &#160;</font><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">Denise Mathews &#8211; Vice President </font></p> <p class="MsoNormal" style="margin-left: .5in; mso-add-space: auto;"><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black;">Kimberly S. 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Section 36 of the General Terms and Conditions of our FERC Gas Tariff. 663364 617146 Various 1004555 275955 1355326 2202203 1 2 3 Advance of Deferred Income Taxes to Member 4995339 4995339 Minor Items (less than $250,000) 24500 146 20702 3798 5019839 20702 1 2 <div><!--?xml version="1.0" encoding="utf-8" standalone="no"?--> <p>&#160;</p> <p>&#160;</p> <div> <div class="Section1">&#160;</div> <div class="Section1"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">1. General</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We are a Delaware limited liability company, originally formed on September 14, 2005. When we refer to "us," "we," "our," "the Company," or "KMLA" we are describing Kinder Morgan Louisiana Pipeline LLC. We are an indirect wholly owned subsidiary of Kinder Morgan, Inc. (KMI).</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Our system consists of approximately 140 miles of natural gas pipeline that extends from an interconnection with Columbia Gulf Transmission Company in Evangeline Parish, Louisiana and terminates at a liquefied natural gas export facility owned by Sabine Pass Liquefaction, LLC (SPL) located in Cameron Parish, Louisiana. The primary flow of gas on our system is north to south for deliveries to SPL; however, we do have the capability to flow gas south to north.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2. Summary of Significant Accounting Policies</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Basis of Presentation</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We have prepared our accompanying financial statements in accordance with the accounting requirements of the Federal Energy Regulatory Commission (FERC) as set forth in its applicable Uniform System of Accounts and published accounting releases, which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America (GAAP).</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The most significant differences between GAAP and the financial statements presented herein are: (i) the deferral of certain costs and revenues, (ii) the classification of certain accounts on the balance sheet and statement of income, and (iii) the inclusion and classification of income taxes in a limited liability company's financial statements.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Management has evaluated subsequent events through March 25, 2025, the date the financial statements were available to be issued.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Use of Estimates</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Certain amounts included in or affecting our financial statements and related disclosures must be estimated, requiring us to make certain assumptions with respect to values or conditions which cannot be known with certainty at the time our financial statements are prepared. These estimates and assumptions affect the amounts we report for assets and liabilities, our revenues and expenses during the reporting period, and our disclosures, including those related to contingent assets and liabilities at the date of our financial statements. We evaluate these estimates on an ongoing basis, utilizing historical experience, consultation with experts and other methods we consider reasonable in the particular circumstances. Nevertheless, actual results may differ significantly from our estimates. Any effects on our business, financial position or results of operations resulting from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Certain accounting policies are of more significance in our financial statement preparation process than others, and set out below are the principal accounting policies we apply in the preparation of our financial statements.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Cash Equivalents</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; font-size: 16pt;"><font style="font-family: Arial;">We define cash equivalents as all highly liquid short-term investments with original maturities of three months or less.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Allowance for Credit Losses</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; 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: 14pt; 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 and note receivable from affiliate. We utilized historical analysis of credit losses experienced over the previous five years along with current conditions and reasonable and supportable forecasts of future conditions in our evaluation of collectability of our financial assets.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We had no allowance for credit losses recorded as of December 31, 2024 and 2023.</font></p> <p style="margin-top: 14pt; 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: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Natural gas imbalances occur when the amount of natural gas delivered from or received by a pipeline system differs from the scheduled amount of gas to be delivered or received. We value these imbalances due to or from interconnecting pipelines at current index prices. Imbalances are settled in cash or made up in-kind, subject to the terms of our FERC tariff. Imbalances due from others are reported on our balance sheets as part of Account 174 "Miscellaneous Current and Accrued Assets." Imbalances owed to others are reported on our balance sheets as part of Account 242 "Miscellaneous Current and Accrued Liabilities." We classify all imbalances due from or owed to others as current as we expect to settle them within a year.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Property, Plant and Equipment</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Our property, plant and equipment is recorded at its original cost of construction or, upon acquisition, at either the fair value of the assets acquired or the cost to the entity that first placed the asset in utility service. For constructed assets, we capitalize all construction-related direct labor and material costs, as well as indirect construction costs. Our indirect construction costs primarily include an interest and equity return component (as more fully described below) and labor and related costs associated with supporting construction activities. The indirect capitalized labor and related costs are based upon estimates of time spent supporting construction projects. We expense costs for routine maintenance and repairs in the period incurred.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We use the composite method to depreciate property, plant and equipment. Under this method, assets with similar economic characteristics are grouped and depreciated as one asset. The FERC-accepted depreciation rate is applied to the total cost of the group until the net book value equals the salvage value. For certain general plant, the asset is depreciated to zero. As part of periodic filings with the FERC, we also re-evaluate and receive approval for our depreciation rates. When property, plant and equipment is retired, accumulated depreciation and amortization is charged for the original cost of the assets in addition to the cost to remove, sell or dispose of the assets, less salvage value. We do not recognize gains or losses unless we sell land or an entire operating unit (as approved by the FERC).</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We capitalize a carrying cost (an allowance for funds used during construction or AFUDC) on debt and equity funds related to the construction of long-lived assets. This carrying cost consists of a return on the investment financed by debt and a return on the investment financed by equity. The debt portion is calculated based on our most recent FERC approved debt rate. Interest costs capitalized are included as a reduction to interest charges in Account 432 "Allowance for Borrowed Funds Used During Construction - Credit" on our income statements. The equity portion is calculated based on our most recent FERC approved rate of return. Equity amounts capitalized are included in Account 419.1 "Allowance for Other Funds Used During Construction" on our income statements.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Asset Retirement Obligations (ARO)</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We record liabilities for obligations related to the retirement and removal of long-lived assets used in our business. We record, as liabilities, the fair value of ARO on a discounted basis when they are incurred and can be reasonably estimated, which is typically at the time the assets are installed or acquired. Amounts recorded for the related assets are increased by the amount of these obligations. Over time, the liabilities increase due to the change in their present value, and the initial capitalized costs are depreciated over the useful lives of the related assets. The liabilities are eventually extinguished when the asset is taken out of service.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We are required to operate and maintain our natural gas pipeline system, and intend to do so as long as supply and demand for natural gas exists, which we expect for the foreseeable future. Therefore, we believe that we cannot reasonably estimate the ARO for our assets because these assets have indeterminate lives. We continue to evaluate our ARO and future developments could impact the amounts we record. We had no ARO recorded as of December 31, 2024 and 2023.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Long-lived Asset Impairments</font></p> <p style="margin-top: 14pt; 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. These events include changes in the manner in which we intend to use a long-lived asset, decisions to sell an asset and adverse changes in the legal or business environment such as adverse actions by regulators. If an event occurs and if an impairment is indicated, we adjust the carrying value of the asset downward, if necessary and upon regulatory approval, to its estimated recoverable value.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">There were no impairments for the years ended December 31, 2024 and 2023.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Revenue Recognition</font></p> <p style="margin-top: 14pt; 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: 14pt; 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: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Our revenues are primarily generated from the transportation of natural gas under firm service customer contracts with take-or-pay elements (principally for capacity reservation) where both the price and quantity are fixed. Generally, for these contracts: (i) our promise is to transfer (or stand ready to transfer) a series of distinct integrated services over a period of time, which is a single performance obligation; (ii) the transaction price includes fixed and/or variable consideration which is determinable at contract inception and/or at each month end based on our right to invoice at month end for the value of services provided to the customer that month; and (iii) the transaction price is recognized as revenue over the service period specified in the contract as the services are rendered. In these arrangements, the customer is obligated to pay for services associated with its take-or-pay obligation regardless of whether or not the customer chooses to utilize the service in that period. Because we make the service continuously available over the service period, we recognize the take-or-pay amount as revenue ratably over the period based on the passage of time.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The natural gas we receive under our transportation contracts remains under the control of our customers. In many cases, generally described as firm service, the customer generally pays a two-part transaction price that includes (i) a fixed fee reserving the right to transport natural gas in our facilities up to contractually specified capacity levels (referred to as "reservation") and (ii) a fee-based per-unit rate for quantities of natural gas actually transported. In our firm service contracts we generally promise to provide a single integrated service each day over the life of the contract, which is fundamentally a stand-ready obligation to provide services up to the customer's reservation capacity prescribed in the contract. Our customers have a take-or-pay payment obligation with respect to the fixed reservation fee component, regardless of the quantities they actually transport. In other cases, generally described as interruptible service, there is no fixed fee associated with these transportation services because the customer accepts the possibility that service may be interrupted at our discretion in order to serve customers who have firm service contracts. We do not have an obligation to perform under interruptible customer arrangements until we accept and schedule the customer's request for periodic service. The customer pays a transaction price on a fee-based per-unit rate for the quantities actually transported.</font></p> <p style="margin-top: 14pt; margin-bottom: 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, 2024 and 2023, we had no contract assets or contract liabilities.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Major Customer. </font><font style="font-family: Arial;">For the years ended December 31, 2024 and 2023, revenue from our largest customer was approximately $76.0 million and $77.7 million, respectively, each of which exceeded 10% of our operating revenues.</font></p> <p style="margin-top: 14pt; 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: 14pt; 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 financial position, cash flows or operating results. 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: 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, 2024 and 2023.</font></p> <p style="margin-top: 14pt; 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: 14pt; margin-bottom: 14pt; 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 commitment to a formal plan of action. We recognize receivables for anticipated associated insurance recoveries when such recoveries are deemed to be probable.</font></p> <p style="margin-top: 14pt; margin-bottom: 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><font style="font-family: Arial;"> &#160;</font></p> <p style="margin-top: 14pt; 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: 14pt; 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 financial position, cash flows or operating results. We had no accruals for any outstanding environmental matters as of December 31, 2024 and 2023.</font></p> <p style="margin-top: 14pt; 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: 14pt; 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 6 for further information.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">3. Income Taxes</font></p> <p style="margin-top: 14pt; 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 KMI, which is a taxable C-corporation. Our approved rates include an allowance for income taxes, calculated as if we were a taxable corporation, and the FERC requires that we reflect such taxes in our financial statements.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We record current income taxes based on our taxable income and we provide for deferred income taxes to reflect estimated future tax payments and receipts. Deferred taxes represent the tax impacts of differences between the financial statement and tax bases of assets and liabilities and carryovers at each year end. We account for tax credits under the flow-through method, which reduces the provision for income taxes in the year the tax credits first become available. We reduce deferred tax assets by a valuation allowance when, based on our estimates, it is more likely than not that a portion of those assets will not be realized in a future period. The estimates utilized in the recognition of deferred tax assets are subject to revision, either up or down, in future periods based on new facts or circumstances. Income taxes charged to us are reflected in the accompanying comparative balance sheet in Account 236 "Taxes Accrued" and Accounts 190, 282, and 283 "Accumulated Deferred Income Taxes." A portion of the activity in Account 211 "Miscellaneous Paid-In Capital" reflects the income taxes assigned or advanced to our Member. Current income taxes assigned to our Member are transferred into Account 211 from Account 236. Deferred income taxes advanced to our Member are transferred into Account 211 with an offsetting adjustment to Account 186 "Miscellaneous Deferred Debits." For more information, see Note 5.</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; 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: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 13.5pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <table style="border-collapse: collapse; height: 384px;" cellspacing="0" cellpadding="0"> <tr style="height: 25.2pt;"> <td style="width: 718.094px; border-width: 0.75pt 1pt 0.75pt 0.75pt; border-style: dashed solid dashed dashed; border-color: #bbbbbb #000000 #bbbbbb #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: top; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 13.5pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 366.453px; border-width: 1pt 1pt 1pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Year Ended December 31,</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 718.094px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: top; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 178.734px; border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2024</font></p> </td> <td style="width: 178.844px; border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;" 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> </tr> <tr style="height: 25.2pt;"> <td style="width: 719.594px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Current:</font></p> </td> <td style="width: 178.734px; border-width: 4.5pt 1pt 1pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: top; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 178.844px; border-width: 4.5pt 1pt 1pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: top; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 719.594px; border: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Federal</font></p> </td> <td style="width: 78.1094px; border-width: 1pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 98.125px; border-width: 1pt 1pt 1pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="width: 78px; border-width: 1pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 98.3438px; border-width: 1pt 0.75pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 719.594px; border-width: 0.75pt 1pt 1pt; border-style: solid; border-color: #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">State</font></p> </td> <td style="width: 178.734px; border-width: 0.75pt 1pt 3pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.1</font></p> </td> <td style="width: 178.844px; border-width: 0.75pt 1pt 3pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 719.594px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 178.734px; border-width: 3pt 1pt 3pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.1</font></p> </td> <td style="width: 178.844px; border-width: 3pt 1pt 3pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 718.094px; border-width: 0.75pt 0.75pt 1pt 1pt; border-style: dashed dashed solid solid; border-color: #bbbbbb #bbbbbb #000000 #000000; padding-right: 3.52pt; padding-left: 2.4pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 177.234px; border-width: 3pt 0.75pt 1pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: top; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 178.844px; border-width: 3pt 1pt 1pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: top; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 719.594px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Deferred:</font></p> </td> <td style="width: 178.734px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: top; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 178.844px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: top; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 719.594px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Federal</font></p> </td> <td style="width: 178.734px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">4.3</font></p> </td> <td style="width: 178.844px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">5.0</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 719.594px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">State</font></p> </td> <td style="width: 178.734px; border-width: 0.75pt 1pt 3pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1.4</font></p> </td> <td style="width: 178.844px; border-width: 0.75pt 1pt 3pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1.5</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 719.594px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 178.734px; border-width: 3pt 1pt 3pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">5.7</font></p> </td> <td style="width: 178.844px; border-width: 3pt 1pt 1pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">6.5</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 719.594px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; height: 32px;"> <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: 78.1094px; border-width: 3pt 0.75pt 4.5pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 98.125px; border-width: 3pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">5.8</font></p> </td> <td style="width: 78px; border-width: 3pt 0.75pt 4.5pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 98.3438px; border-width: 3pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">6.5</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 14pt; 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: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 13.5pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 538.7pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt dashed #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: top; -aw-border-bottom: 0.75pt dash-large-gap; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 13.5pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 274.85pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; 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: 538.7pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: top; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 130.15pt; 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: 2.4pt; padding-left: 3.52pt; 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;">2024</font></p> </td> <td style="width: 137.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; 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> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 539.7pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Income tax expense at the statutory federal rate</font></p> </td> <td style="width: 55.9pt; border-top: 4.5pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 72.38pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">4.7</font></p> </td> <td style="width: 55.95pt; border-top: 4.5pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 80.08pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">5.3</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 539.7pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">State income tax, net of federal income tax effect</font></p> </td> <td style="width: 130.15pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1.4</font></p> </td> <td style="width: 137.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1.5</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 539.7pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Regulatory liability amortization</font></p> </td> <td style="width: 130.15pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(0.3)</font></p> </td> <td style="width: 137.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(0.3)</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 539.7pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Total income tax expense</font></p> </td> <td style="width: 55.9pt; border-top: 4.5pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 72.38pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">5.8</font></p> </td> <td style="width: 55.95pt; border-top: 4.5pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 80.08pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1.5pt solid #000000; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">6.5</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 539.7pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Effective tax rate</font></p> </td> <td style="width: 130.15pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">25.8%</font></p> </td> <td style="width: 137.9pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">25.6%</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 14pt; font-size: 16pt;"><font style="font-family: Arial;">The following are the components of our net deferred tax liability/(asset) (in millions):</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 13.5pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 24pt;"> <td style="width: 537.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt dashed #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: top; -aw-border-bottom: 0.75pt dash-large-gap; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 13.5pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 274.95pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; 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: 24pt;"> <td style="width: 537.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: top; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 123.7pt; 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: 2.4pt; padding-left: 3.52pt; 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;">2024</font></p> </td> <td style="width: 136.85pt; 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: 2.4pt; padding-left: 3.52pt; 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> </tr> <tr style="height: 24pt;"> <td style="width: 539.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Deferred tax liabilities:</font></p> </td> <td style="width: 123.7pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: top; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 136.85pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: top; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> </tr> <tr style="height: 24pt;"> <td style="width: 539.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Property, plant and equipment</font></p> </td> <td style="width: 31pt; border-top: 1pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 89.02pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">95.9</font></p> </td> <td style="width: 28.55pt; border-top: 1pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 104.68pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">86.6</font></p> </td> </tr> <tr style="height: 24pt;"> <td style="width: 539.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Regulatory asset</font></p> </td> <td style="width: 123.7pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2.6</font></p> </td> <td style="width: 136.85pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2.8</font></p> </td> </tr> <tr style="height: 24pt;"> <td style="width: 539.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Total deferred tax liabilities</font></p> </td> <td style="width: 123.7pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">98.5</font></p> </td> <td style="width: 136.85pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">89.4</font></p> </td> </tr> <tr style="height: 24pt;"> <td style="width: 537.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt dashed #bbbbbb; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.52pt; padding-left: 2.4pt; vertical-align: bottom; -aw-border-right: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 121.7pt; border-top: 3pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 136.85pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> </tr> <tr style="height: 24pt;"> <td style="width: 539.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Deferred tax assets:</font></p> </td> <td style="width: 123.7pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 136.85pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> </tr> <tr style="height: 24.75pt;"> <td style="width: 539.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Net operating loss carryforwards</font></p> </td> <td style="width: 123.7pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">90.3</font></p> </td> <td style="width: 136.85pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">87.5</font></p> </td> </tr> <tr style="height: 24pt;"> <td style="width: 539.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Regulatory and other liabilities</font></p> </td> <td style="width: 123.7pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2.6</font></p> </td> <td style="width: 136.85pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2.4</font></p> </td> </tr> <tr style="height: 24pt;"> <td style="width: 539.95pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Total deferred tax assets</font></p> </td> <td style="width: 123.7pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">92.9</font></p> </td> <td style="width: 136.85pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 3pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">89.9</font></p> </td> </tr> <tr style="height: 24pt;"> <td style="width: 537.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt dashed #bbbbbb; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.52pt; padding-left: 2.4pt; vertical-align: bottom; -aw-border-right: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 121.7pt; border-top: 3pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 136.85pt; border-top: 3pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> </tr> <tr style="height: 24pt;"> <td style="width: 539.95pt; border: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Net deferred tax liability/(asset)</font></p> </td> <td style="width: 31.25pt; border-top: 4.5pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.92pt; padding-left: 2.9pt; vertical-align: bottom; -aw-border-right: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 89.02pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">5.6</font></p> </td> <td style="width: 28.8pt; border-top: 4.5pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.92pt; padding-left: 2.9pt; vertical-align: bottom; -aw-border-right: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 104.68pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1.5pt solid #000000; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-right: 3.6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(0.5)</font></p> </td> </tr> <tr style="height: 24pt;"> <td style="width: 535.9pt; border: 0.75pt dashed #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: top; -aw-border: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 121.7pt; border-top: 4.5pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt dashed #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: top; -aw-border-bottom: 0.75pt dash-large-gap; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 134.85pt; border-top: 4.5pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt dashed #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: top; -aw-border-bottom: 0.75pt dash-large-gap; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Net Operating Loss Carryforwards</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We have federal and state net operating loss carryforwards for which deferred tax assets of approximately $90.3 million have been recorded as of December 31, 2024. The most significant of these net operating loss carryforwards will expire beginning in 2036. We believe that we will be able to generate sufficient taxable income in the future to utilize all of our net operating loss carryforwards. Therefore, no valuation allowance has been recorded for the deferred tax assets associated with these net operating loss carryforwards as of December 31, 2024.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <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: 14pt; 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: 14pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 25.2pt;"> <td style="width: 341.45pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt dashed #bbbbbb; padding-right: 3.75pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-bottom: 0.75pt dash-large-gap; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 146.75pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt dashed #bbbbbb; padding-right: 3.75pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-bottom: 0.75pt dash-large-gap; -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;">Annual Depreciation</font></p> </td> <td style="width: 335.45pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.75pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">December 31,</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 341.45pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.75pt; 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 style="-aw-import: ignore;"> &#160;</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: 1pt solid #000000; padding-right: 3.75pt; 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; font-weight: bold;">Rates (%)</font></p> </td> <td style="width: 158pt; 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: 3.75pt; 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;">2024</font></p> </td> <td style="width: 158pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 3.75pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2023</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 342.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.75pt; padding-left: 3.75pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Transmission facilities</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: 1pt solid #000000; padding-right: 3.75pt; 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;">3.0</font></p> </td> <td style="width: 67.8pt; border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 69.3pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.75pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1,260.2</font></p> </td> <td style="width: 67.8pt; border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 69.3pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.75pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1,259.9</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 342.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.75pt; padding-left: 3.75pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Intangible plant</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: 1pt solid #000000; padding-right: 3.75pt; 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;">3.0</font></p> </td> <td style="width: 158pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.75pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">32.4</font></p> </td> <td style="width: 158pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.75pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">32.4</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 342.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.75pt; padding-left: 3.75pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">General plant</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: 1pt solid #000000; padding-right: 3.75pt; 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;">3.0</font></p> </td> <td style="width: 158pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.75pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1.4</font></p> </td> <td style="width: 158pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.75pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1.3</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 342.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.75pt; padding-left: 3.75pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Accumulated depreciation and amortization</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: 1pt solid #000000; padding-right: 3.75pt; padding-left: 4.68pt; vertical-align: top; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 158pt; 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: 3.75pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;"> &#160;</font><font style="font-family: Arial;">(512.8)</font></p> </td> <td style="width: 158pt; 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: 3.75pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(474.1)</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 342.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.75pt; padding-left: 3.75pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</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: 1pt solid #000000; padding-right: 3.75pt; padding-left: 4.68pt; vertical-align: top; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 67.8pt; border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 69.3pt; 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: 3.75pt; 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;">781.2</font></p> </td> <td style="width: 67.8pt; border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 69.3pt; 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: 3.75pt; 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;">819.5</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 342.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.75pt; padding-left: 3.75pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Land</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: 1pt solid #000000; padding-right: 3.75pt; padding-left: 4.68pt; vertical-align: top; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 158pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.75pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.4</font></p> </td> <td style="width: 158pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.75pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.4</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 342.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.75pt; padding-left: 3.75pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Construction work in progress</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: 1pt solid #000000; padding-right: 3.75pt; padding-left: 4.68pt; vertical-align: top; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 158pt; 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: 3.75pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="width: 158pt; 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: 3.75pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.2</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 342.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.75pt; padding-left: 3.75pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Net utility plant</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: 1pt solid #000000; padding-right: 3.75pt; 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;">&#160;<font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 67.8pt; border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 69.3pt; 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: 3.75pt; 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;">781.6</font></p> </td> <td style="width: 67.8pt; border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 69.3pt; 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: 3.75pt; 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;">820.1</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">5. Related Party Transactions</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</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: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The following table reflects changes to our proprietary capital accounts resulting from distributions paid to our Member, as well as other changes in proprietary capital (in millions):</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <table style="width: 902.5pt; border-collapse: collapse; height: 591px;" cellspacing="0" cellpadding="0"> <tr style="height: 25.2pt;"> <td style="width: 502.5px; border-width: 1pt; border-style: dashed solid dashed dashed; border-color: #bbbbbb #000000 #bbbbbb #bbbbbb; padding-right: 2.9pt; padding-left: 3.4pt; vertical-align: top; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 679.828px; border-width: 1pt 1pt 1pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="14"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Year Ended December 31,</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 502.5px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid dashed dashed; border-color: #bbbbbb #000000 #bbbbbb #bbbbbb; padding-right: 2.9pt; padding-left: 3.4pt; vertical-align: top; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 332.625px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="7"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2024</font></p> </td> <td style="width: 336.594px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="7"> <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> </tr> <tr style="height: 25.2pt;"> <td style="width: 502.5px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid dashed dashed; border-color: #bbbbbb #000000 #bbbbbb #bbbbbb; padding-right: 2.9pt; padding-left: 3.4pt; vertical-align: top; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 163.797px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid dashed dashed; border-color: #bbbbbb #000000 #bbbbbb #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="4"> <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: 158.219px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid dashed dashed; border-color: #bbbbbb #000000 #bbbbbb #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="3"> <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: 164.516px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid dashed dashed; border-color: #bbbbbb #000000 #bbbbbb #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="4"> <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: 161.469px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid dashed dashed; border-color: #bbbbbb #000000 #bbbbbb #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="3"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Account</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 502.5px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 3.4pt; vertical-align: top; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 163.797px; border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">211</font></p> </td> <td style="width: 158.219px; border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="3"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">216</font></p> </td> <td style="width: 164.516px; border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">211</font></p> </td> <td style="width: 161.469px; border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="3"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">216</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 503.172px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #000000; padding-right: 2.9pt; padding-left: 2.9pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Balance - Beginning of Year</font></p> </td> <td style="width: 24.1562px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed dashed solid; border-color: #bbbbbb #bbbbbb #000000; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 128.359px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">862.5</font></p> </td> <td style="border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed dashed solid; border-color: #bbbbbb #bbbbbb #000000; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px; width: 13.1094px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 133.828px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(34.3)</font></p> </td> <td style="width: 20.4375px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed dashed solid; border-color: #bbbbbb #bbbbbb #000000; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 132.797px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">955.9</font></p> </td> <td style="width: 21.3594px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed dashed solid; border-color: #bbbbbb #bbbbbb #000000; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 128.828px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(53.1)</font></p> </td> </tr> <tr style="height: 29px;"> <td style="width: 502.969px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #000000; padding-right: 3.05pt; padding-left: 2.9pt; vertical-align: bottom; height: 29px;">&#160;</td> <td style="width: 24.6875px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed dashed solid; border-color: #bbbbbb #bbbbbb #000000; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 29px;" colspan="2">&#160;</td> <td style="width: 128.156px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 29px;" colspan="2">&#160;</td> <td style="width: 13.6406px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed dashed solid; border-color: #bbbbbb #bbbbbb #000000; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 29px;">&#160;</td> <td style="width: 133.625px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 29px;" colspan="2">&#160;</td> <td style="width: 20.9688px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed dashed solid; border-color: #bbbbbb #bbbbbb #000000; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 29px;" colspan="2">&#160;</td> <td style="width: 132.594px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 29px;" colspan="2">&#160;</td> <td style="width: 21.8906px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed dashed solid; border-color: #bbbbbb #bbbbbb #000000; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 29px;" colspan="2">&#160;</td> <td style="width: 128.828px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 29px;">&#160;</td> </tr> <tr style="height: 25.2pt;"> <td style="width: 502.969px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #000000; padding-right: 3.05pt; padding-left: 2.9pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Net Income</font></p> </td> <td style="border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed dashed solid; border-color: #bbbbbb #bbbbbb #000000; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px; width: 24.6875px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px; width: 128.156px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="width: 13.6406px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed dashed solid; border-color: #bbbbbb #bbbbbb #000000; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; 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border-color: #bbbbbb #bbbbbb #000000; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px; width: 21.8906px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 128.828px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">18.8</font></p> </td> </tr> <tr style="height: 30px;"> <td style="width: 502.969px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #000000; padding-right: 3.05pt; padding-left: 2.9pt; vertical-align: bottom; height: 30px;">&#160;</td> <td style="width: 24.6875px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed dashed solid; border-color: #bbbbbb #bbbbbb #000000; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 30px;" colspan="2">&#160;</td> <td style="width: 128.156px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 30px;" colspan="2">&#160;</td> <td style="width: 13.6406px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed dashed solid; border-color: #bbbbbb #bbbbbb #000000; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 30px;">&#160;</td> <td style="width: 133.625px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 30px;" colspan="2">&#160;</td> <td style="width: 20.9688px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed dashed solid; border-color: #bbbbbb #bbbbbb #000000; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 30px;" colspan="2">&#160;</td> <td style="width: 132.594px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 30px;" colspan="2">&#160;</td> <td style="width: 21.8906px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed dashed solid; border-color: #bbbbbb #bbbbbb #000000; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 30px;" colspan="2">&#160;</td> <td style="width: 128.828px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 30px;">&#160;</td> </tr> <tr style="height: 25.2pt;"> <td style="width: 502.969px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #000000; padding-right: 3.05pt; padding-left: 2.9pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Transfer from Account 186</font><font style="font-family: Arial; font-size: 10.67pt; vertical-align: super;">(1)</font></p> </td> <td style="border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed dashed solid; border-color: #bbbbbb #bbbbbb #000000; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px; width: 24.6875px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px; width: 128.156px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">5.0</font></p> </td> <td style="width: 13.6406px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed dashed solid; border-color: #bbbbbb #bbbbbb #000000; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px; width: 133.625px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed dashed solid; border-color: #bbbbbb #bbbbbb #000000; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px; width: 20.9688px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px; width: 132.594px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(28.9)</font></p> </td> <td style="border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed dashed solid; border-color: #bbbbbb #bbbbbb #000000; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px; width: 21.8906px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 128.828px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: dashed solid solid dashed; border-color: #bbbbbb #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 502.969px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #000000; padding-right: 3.05pt; padding-left: 2.9pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Transfer from Account 253</font><font style="font-family: Arial; font-size: 10.67pt; vertical-align: super;">(1)</font></p> </td> <td style="width: 24.6875px; border-width: 1pt 1pt 4.5pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 128.156px; border-width: 1pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1.0</font></p> </td> <td style="width: 13.6406px; border-width: 1pt 1pt 4.5pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 133.625px; border-width: 1pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;">-</p> </td> <td style="width: 20.9688px; border-width: 1pt 1pt 4.5pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 132.594px; border-width: 1pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(1.0)</font></p> </td> <td style="width: 21.8906px; border-width: 1pt 1pt 4.5pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 128.828px; border-width: 1pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 502.969px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #000000; padding-right: 3.05pt; padding-left: 2.9pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;"> &#160;</font><font style="font-family: Arial;">Total Transfers</font></p> </td> <td style="width: 24.6875px; border-width: 4.5pt 1pt 4.5pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 128.156px; border-width: 4.5pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">6.0</font></p> </td> <td style="width: 13.6406px; border-width: 4.5pt 1pt 4.5pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 133.625px; border-width: 4.5pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;">-</p> </td> <td style="width: 20.9688px; border-width: 4.5pt 1pt 4.5pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 132.594px; border-width: 4.5pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(29.9)</font></p> </td> <td style="width: 21.8906px; border-width: 4.5pt 1pt 4.5pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 128.828px; border-width: 4.5pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 502.969px; border-width: 0.75pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #000000; padding-right: 3.05pt; padding-left: 2.9pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 24.6875px; border-width: 4.5pt 1pt 0.75pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 128.156px; border-width: 4.5pt 1pt 0.75pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 13.6406px; border-width: 4.5pt 1pt 0.75pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 133.625px; border-width: 4.5pt 1pt 0.75pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 20.9688px; border-width: 4.5pt 1pt 0.75pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 132.594px; border-width: 4.5pt 1pt 0.75pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 21.8906px; border-width: 4.5pt 1pt 0.75pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 128.828px; border-width: 4.5pt 1pt 0.75pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 502.969px; border-width: 0.75pt 1pt 1pt; border-style: solid; border-color: #000000; padding-right: 3.05pt; padding-left: 2.9pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Distributions to Member</font></p> </td> <td style="width: 24.6875px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 128.156px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(60.8)</font></p> </td> <td style="width: 13.6406px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 133.625px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;">-</p> </td> <td style="width: 20.9688px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 132.594px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 3.05pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(64.7)</font></p> </td> <td style="width: 21.8906px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 3.92pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 128.828px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 503.172px; border-width: 1pt 1pt 0.75pt; border-style: solid; border-color: #000000; padding-right: 2.9pt; padding-left: 2.9pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 24.1562px; border-width: 1pt 1pt 0.75pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 128.359px; border-width: 1pt 1pt 0.75pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="border-width: 1pt 1pt 0.75pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px; width: 13.1094px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 133.828px; border-width: 1pt 1pt 0.75pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 20.4375px; border-width: 1pt 1pt 0.75pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 132.797px; border-width: 1pt 1pt 0.75pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 21.3594px; border-width: 1pt 1pt 0.75pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 128.828px; border-width: 1pt 1pt 0.75pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 503.172px; border-width: 0.75pt 1pt; border-style: solid; border-color: #000000; padding-right: 2.9pt; padding-left: 2.9pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Capital contributions from Member</font></p> </td> <td style="width: 24.1562px; border-width: 0.75pt 1pt 0.75pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 128.359px; border-width: 0.75pt 1pt 0.75pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="border-width: 0.75pt 1pt 0.75pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px; width: 13.1094px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 133.828px; border-width: 0.75pt 1pt 0.75pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;">-</p> </td> <td style="width: 20.4375px; border-width: 0.75pt 1pt 0.75pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 132.797px; border-width: 0.75pt 1pt 0.75pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1.2</font></p> </td> <td style="width: 21.3594px; border-width: 0.75pt 1pt 0.75pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 128.828px; border-width: 0.75pt 1pt 0.75pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 503.172px; border-width: 0.75pt 1pt 1pt; border-style: solid; border-color: #000000; padding-right: 2.9pt; padding-left: 2.9pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 24.1562px; border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 128.359px; border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px; width: 13.1094px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 133.828px; border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 20.4375px; border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 132.797px; border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 21.3594px; border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 128.828px; border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 503.172px; border-width: 0.75pt 1pt 1pt; border-style: dashed solid solid; border-color: #bbbbbb #000000 #000000; padding-right: 2.9pt; padding-left: 2.9pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Balance - End of Year</font></p> </td> <td style="width: 24.1562px; border-width: 4.5pt 1pt 4.5pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 128.359px; border-width: 4.5pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">807.7</font></p> </td> <td style="border-width: 4.5pt 1pt 4.5pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px; width: 13.1094px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 133.828px; border-width: 4.5pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;"> &#160;</font><font style="font-family: Arial;">(17.6)</font></p> </td> <td style="width: 20.4375px; border-width: 4.5pt 1pt 4.5pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 132.797px; border-width: 4.5pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">862.5</font></p> </td> <td style="width: 21.3594px; border-width: 4.5pt 1pt 4.5pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.4pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 128.828px; border-width: 4.5pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.9pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(34.3)</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 500.734px; border: 0.75pt dashed #bbbbbb; padding-right: 3.82pt; padding-left: 3.82pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 18.5938px; border: 0.75pt dashed #bbbbbb; padding-right: 4.32pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 105.922px; border: 0.75pt dashed #bbbbbb; padding-right: 3.82pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="border: 0.75pt dashed #bbbbbb; padding-right: 4.32pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px; width: 13.0625px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 125.219px; border: 0.75pt dashed #bbbbbb; padding-right: 3.82pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 30.0469px; border: 0.75pt dashed #bbbbbb; padding-right: 4.32pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 125.125px; border: 0.75pt dashed #bbbbbb; padding-right: 3.82pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 38.8125px; border: 0.75pt dashed #bbbbbb; padding-right: 4.32pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 136.344px; border: 0.75pt dashed #bbbbbb; padding-right: 3.82pt; padding-left: 4.32pt; vertical-align: bottom; height: 32px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> </tr> <tr style="height: 20px;"> <td style="width: 510.891px; vertical-align: middle; height: 20px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 30.0938px; vertical-align: middle; height: 20px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 3.34375px; vertical-align: middle; height: 20px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 112.406px; vertical-align: middle; height: 20px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 24.5625px; vertical-align: middle; height: 20px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 23.3906px; vertical-align: middle; height: 20px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 111.656px; vertical-align: middle; height: 20px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 30.7812px; vertical-align: middle; height: 20px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 9.76562px; vertical-align: middle; height: 20px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 19.9531px; vertical-align: middle; height: 20px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 115px; vertical-align: middle; height: 20px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 26.4062px; vertical-align: middle; height: 20px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 22.9062px; vertical-align: middle; height: 20px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 7.73438px; vertical-align: middle; height: 20px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 138.438px; vertical-align: middle; height: 20px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> </tr> </table> <p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 14pt; text-indent: 36pt; line-height: 15.1pt;"><font style="font-family: Arial;">(1) Settlements of these amounts are made within equity and are considered non-cash financing activities.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Affiliate Balances and Activities</font></p> <p style="margin-top: 14pt; margin-bottom: 14pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We participate in KMI's cash management program, which matches the short-term cash surpluses and needs of participating affiliates, thus minimizing total borrowings from outside sources. KMI uses the cash management program to settle intercompany transactions between participating affiliates. We had no balance with KMI under the cash management program as of December 31, 2024 and 2023. The interest rate on this note is variable and was 4.7% and 5.6% as of December 31, 2024 and 2023, respectively.&#160;</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The following table summarizes our other balance sheet affiliate balances (in millions):</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 13.5pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <table style="border: 0.75pt solid #000000; border-collapse: collapse; height: 251px;" cellspacing="0" cellpadding="0"> <tr style="height: 25.2pt;"> <td style="width: 127.188px; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 2.4pt; padding-left: 3.02pt; vertical-align: bottom; height: 62px;" 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: 649.297px; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: top; height: 62px;" rowspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 324.594px; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt solid #000000; padding-right: 3.02pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">December 31,</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 158.406px; border-width: 0.75pt 1pt 4.5pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 30px;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2024</font></p> </td> <td style="width: 157.312px; border-top: 0.75pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 3.02pt; padding-left: 3.52pt; vertical-align: bottom; height: 30px;" 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> </tr> <tr style="height: 25.2pt;"> <td style="width: 127.188px; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.02pt; vertical-align: bottom; height: 30px;"> <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: 649.297px; border-width: 0.75pt 1pt 1pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 30px;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Gas imbalance receivable from associated companies</font></p> </td> <td style="width: 13.9844px; border-width: 4.5pt 0.75pt 1pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 134.047px; border-width: 4.5pt 1pt 1pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.2</font></p> </td> <td style="width: 13.25px; border-width: 4.5pt 0.75pt 1pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 133.688px; border-top: 4.5pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.02pt; padding-left: 3.52pt; vertical-align: bottom; height: 30px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> <tr style="height: 31px;"> <td style="width: 127.188px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.02pt; vertical-align: bottom; height: 31px; text-align: center;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">186</font>&#160;</td> <td style="width: 649.297px; border-width: 1pt 1pt 1pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 31px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">Advance of deferred income taxes to member</font>&#160;</td> <td style="width: 13.9844px; border-width: 1pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; height: 31px;">&#160;</td> <td style="width: 134.047px; border-width: 1pt 1pt 1pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 31px; text-align: right;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">5.0</font>&#160;</td> <td style="width: 13.25px; border-width: 1pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; height: 31px;">&#160;</td> <td style="width: 133.688px; border-top: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.02pt; padding-left: 3.52pt; vertical-align: bottom; height: 31px; text-align: right;"><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">-</font>&#160;</td> </tr> <tr style="height: 25.2pt;"> <td style="width: 127.188px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.02pt; vertical-align: bottom; height: 32px;"> <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: 649.297px; border-width: 1pt 1pt 1pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <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: 13.9844px; border-width: 1pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 134.047px; border-width: 1pt 1pt 1pt 0.75pt; border-style: solid solid solid dashed; border-color: #000000 #000000 #000000 #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.1</font></p> </td> <td style="width: 13.25px; border-width: 1pt 0.75pt; border-style: solid dashed; border-color: #000000 #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 133.688px; border-top: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.02pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.1</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 127.188px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.02pt; vertical-align: bottom; height: 32px;"> <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: 649.297px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <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: 13.9844px; border-top: 1pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 134.047px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <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: 13.25px; border-top: 1pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 133.688px; border-top: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; padding-right: 3.02pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.6</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 127.188px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.02pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">253</font></p> </td> <td style="width: 649.297px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Advance of deferred income taxes from Member</font></p> </td> <td style="width: 13.9844px; border-top: 1pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 134.047px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <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: 13.25px; border-top: 1pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 133.688px; border-top: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; padding-right: 3.02pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1.0</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 127.188px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.02pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">253</font></p> </td> <td style="width: 649.297px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Capacity arrangement levelization</font></p> </td> <td style="width: 13.9844px; border-top: 1pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 134.047px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1.3</font></p> </td> <td style="width: 13.25px; border-top: 1pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; padding-right: 3.52pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 133.688px; border-top: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; padding-right: 3.02pt; padding-left: 3.52pt; vertical-align: bottom; height: 32px;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1.5</font></p> </td> </tr> </table> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We do not have employees and are managed and operated by KMI, who provides services to us. Under KMI policies, we reimburse KMI at cost for direct and indirect costs incurred on our behalf and allocated general and administrative costs. These costs are reflected, as appropriate, in the "Operation, maintenance, and payroll tax expenses" and "Capitalized costs" lines in the table below.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The following table shows costs from our affiliates (in millions):</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 13.5pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 25.2pt;"> <td style="width: 584.83pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; 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: 13.5pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 216.9pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.02pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Year Ended December 31,</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 584.83pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 103.15pt; 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: 2.4pt; padding-left: 3.52pt; 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;">2024</font></p> </td> <td style="width: 99.25pt; border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 3.02pt; padding-left: 3.52pt; 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> </tr> <tr style="height: 25.2pt;"> <td style="width: 584.83pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-left: 3.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Operation, maintenance and payroll tax expenses</font></p> </td> <td style="border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-left: 3.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 93.62pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; 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;">5.7</font></p> </td> <td style="border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-left: 3.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 89.72pt; border-top: 0.75pt dashed #bbbbbb; border-right: 0.75pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 3.02pt; 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;">5.4</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 584.83pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 2.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-left: 3.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Capitalized costs</font></p> </td> <td style="border-top: 1pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt solid #000000; padding-right: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 93.62pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt solid #000000; padding-right: 2.4pt; 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="border-top: 1pt solid #000000; border-right: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt solid #000000; padding-right: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-right: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 89.72pt; border-top: 1pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 0.75pt solid #000000; padding-right: 3.02pt; 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;">0.1</font></p> </td> </tr> </table> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">KMI and substantially all of its wholly owned domestic subsidiaries, including us, are a party to a cross guarantee agreement whereby each party to the agreement unconditionally guarantees, jointly and severally, the payment of specified indebtedness of each other party to the agreement.</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">6. Rate and Regulatory Matters</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Lake Charles Expansion Project (CP14-511-000)</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">On June 30, 2014, we filed an application with the FERC seeking authorization to construct (i) new low and high pressure natural gas header pipelines adjacent to our existing easement in Acadia Parish, Louisiana, (ii) a new 64,000 horsepower compressor station in Evangeline Parish, Louisiana, (iii) modifications to five existing meter stations in Acadia and Evangeline Parishes, Louisiana to make them bi-directional and (iv) a new meter station in Calcasieu Parish, Louisiana to deliver gas to Magnolia LNG, LLC (Magnolia) at its proposed liquefaction and export facility (Magnolia LNG terminal). The proposed construction and system modifications will provide 1.4 billion cubic feet per day of firm north-to-south transportation capacity to deliver natural gas to the proposed terminal (CP14-347-000). The total filed cost of the project is $201.9 million. Our application, as well as the application for construction of the Magnolia LNG terminal, was approved by the FERC on April 15, 2016. We accepted the certificate on May 12, 2016. On September 11, 2020, we and Magnolia filed a joint request at the FERC for an extension of time to place these facilities in service. On October 7, 2020, the FERC issued an order granting an extension of time until April 15, 2026 to complete construction of the Magnolia LNG terminal and Lake Charles Expansion Project and make them available for service.</font></p> <p style="margin-top: 14pt; 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="-aw-import: ignore;"> &#160;</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, 2024, the regulatory assets are subject to recovery in our rates, over a period of approximately one year to 21 years. 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="-aw-import: ignore;"> &#160;</font></p> <table style="width: 749.4pt; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 25.2pt;"> <td style="width: 482.65pt; border-right: 1pt solid #000000; padding-right: 4.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 224.05pt; border: 1pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">December 31,</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 482.5pt; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.68pt; padding-left: 5.4pt; vertical-align: top;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 101.4pt; 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: 4.68pt; 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;">2024</font></p> </td> <td style="width: 101.45pt; 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: 4.68pt; 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> </tr> <tr style="height: 25.2pt;"> <td style="width: 483.15pt; border: 1pt solid #000000; padding-right: 4.4pt; padding-left: 4.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Regulatory assets (Account 182.3)</font></p> </td> <td style="width: 40.05pt; border-top: 2.25pt solid #000000; border-left: 1pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 4.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 39.9pt; border-top: 2.25pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 39.9pt; border-top: 2.25pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 4.68pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 39.95pt; border-top: 2.25pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 482.85pt; 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: 4.68pt; padding-left: 4.68pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;"> &#160;</font><font style="font-family: Arial;">Taxes on capitalized funds used during construction</font></p> </td> <td style="width: 39.9pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 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: 39.9pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">9.8</font></p> </td> <td style="width: 39.9pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 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: 39.95pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">10.2</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 482.85pt; border: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;"> &#160;</font><font style="font-family: Arial;">Difference between gas retained and gas consumed in operations</font></p> </td> <td style="width: 39.9pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 4.68pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 39.9pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.3</font></p> </td> <td style="width: 39.9pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 4.68pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 39.95pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.7</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 482.85pt; border: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;"> &#160;</font><font style="font-family: Arial;">Other</font></p> </td> <td style="width: 39.9pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 4.68pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 39.9pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.68pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.5</font></p> </td> <td style="width: 39.9pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 4.68pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 39.95pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.68pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">0.5</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 482.85pt; border: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;"> &#160;</font><font style="font-family: Arial;">Total regulatory assets</font></p> </td> <td style="width: 39.9pt; border-top: 2.25pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; 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: 39.9pt; border-top: 2.25pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.68pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">10.6</font></p> </td> <td style="width: 39.9pt; border-top: 2.25pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; 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: 39.95pt; border-top: 2.25pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.68pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">11.4</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 482.85pt; border: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 39.9pt; border-top: 2.25pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 4.68pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 39.9pt; border-top: 2.25pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 39.9pt; border-top: 2.25pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 4.68pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 39.95pt; border-top: 2.25pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 482.85pt; border: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Regulatory liabilities (Account 254)</font></p> </td> <td style="width: 39.9pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 4.68pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 39.9pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 39.9pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 4.68pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 39.95pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 482.85pt; border: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;"> &#160;</font><font style="font-family: Arial;">Income tax related</font></p> </td> <td style="width: 39.9pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 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: 39.9pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">8.2</font></p> </td> <td style="width: 39.9pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 4.68pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 39.95pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">8.7</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 482.85pt; border: 0.75pt solid #000000; padding-right: 4.68pt; padding-left: 4.68pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;"> &#160;</font><font style="font-family: Arial;">Total regulatory liabilities</font></p> </td> <td style="width: 39.9pt; border-top: 2.25pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; padding-left: 4.68pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 39.9pt; border-top: 2.25pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.68pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">8.2</font></p> </td> <td style="width: 39.9pt; border-top: 2.25pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.4pt; 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: 39.95pt; border-top: 2.25pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.68pt; padding-left: 5.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">8.7</font></p> </td> </tr> </table> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</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="-aw-import: ignore;"> &#160;</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;">Amounts represent the deferred income taxes on AFUDC equity funds. These amounts are included in our tariff rates and are recovered 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; font-style: italic; -aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Difference between gas retained and gas consumed in operations. </font><font style="font-family: Arial;">Amounts reflect the value of the difference between the quantity of gas retained for fuel and lost and unaccounted for (L&amp;U) and the quantity of gas consumed and L&amp;U experienced in our operations.</font><font style="font-family: Arial; -aw-import: spaces;">&#160; </font><font style="font-family: Arial;">Pursuant to our tariff, the quantities associated with these amounts are expected to be recovered from or returned to our customers in subsequent periods.</font><font style="font-family: Arial; -aw-import: spaces;">&#160; </font><font style="font-family: Arial;">On a periodic basis, we file reports with the FERC detailing our volumetric fuel and L&amp;U reimbursement activity and establishing prospective fuel and L&amp;U retention rates.</font><font style="font-family: Arial; -aw-import: spaces;">&#160; </font><font style="font-family: Arial;">Volumetric over- or under-collections of fuel and L&amp;U quantities from prior periods are trued up through either an addition or reduction to the prospective fuel and L&amp;U retention rates. </font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">For the years ended December 31, 2024 and 2023, we recorded a net regulatory expense of $0.4 million and a net regulatory benefit of $1.0 million, respectively, related to our fuel and L&amp;U activity.</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;"> &#160;</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;"> &#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;"><font style="font-family: Arial; font-weight: bold; -aw-import: ignore;"> &#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;">7. Commitments</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We have a pipeline capacity agreement with Natural Gas Pipeline Company of America, LLC (Natural), an affiliate. This agreement provides the right to transport on a firm basis 200,000 Dth of natural gas per day through Natural's system on its Louisiana Segment 23. Our future minimum annual commitments under this agreement as of December 31, 2024 are as follows (in millions):</font></p> <p style="margin-top: 14pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;">&#160;</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: 22.5pt;"> <td style="width: 413.05pt; border: solid black 1.0pt; border-bottom: solid black 4.5pt; mso-border-top-alt: .75pt; mso-border-left-alt: .75pt; mso-border-bottom-alt: 4.5pt; mso-border-right-alt: 1.0pt; mso-border-color-alt: black; mso-border-style-alt: solid; padding: 0in 2.9pt 0in 3.4pt; height: 22.5pt;" valign="bottom" width="551"> <p style="margin: 0in;"><strong><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Year</font></strong></p> </td> <td style="width: 155.1pt; 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; mso-border-top-alt: solid black .75pt; mso-border-bottom-alt: solid black 4.5pt; mso-border-right-alt: solid black .75pt; padding: 0in 3.4pt 0in 3.9pt; height: 22.5pt;" valign="bottom" width="207"> <p style="margin: 0in; text-align: center;" align="center"><strong><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Commitments</font></strong></p> </td> </tr> <tr style="mso-yfti-irow: 1; height: 22.5pt;"> <td style="width: 413.05pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid black 1.0pt; mso-border-right-alt: solid black 1.0pt; padding: 0in 2.9pt 0in 3.4pt; height: 22.5pt;" valign="bottom" width="551"> <p style="margin: 0in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">2025</font></p> </td> <td style="width: 155.1pt; 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; mso-border-bottom-alt: solid black 1.0pt; mso-border-right-alt: solid black .75pt; padding: 0in 3.4pt 0in 3.9pt; height: 22.5pt;" valign="bottom" width="207"> <p style="margin: 0in; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">$ &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1.0</font></p> </td> </tr> <tr style="mso-yfti-irow: 2; height: 24.0pt;"> <td style="width: 413.05pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid black 1.0pt; mso-border-right-alt: solid black 1.0pt; padding: 0in 2.9pt 0in 3.4pt; height: 24.0pt;" valign="bottom" width="551"> <p style="margin: 0in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">2026</font></p> </td> <td style="width: 155.1pt; 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; mso-border-bottom-alt: solid black 1.0pt; mso-border-right-alt: solid black .75pt; padding: 0in 3.4pt 0in 3.9pt; height: 24.0pt;" valign="bottom" width="207"> <p style="margin: 0in; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">1.0</font></p> </td> </tr> <tr style="mso-yfti-irow: 3; height: 24.0pt;"> <td style="width: 413.05pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid black 1.0pt; mso-border-right-alt: solid black 1.0pt; padding: 0in 2.9pt 0in 3.4pt; height: 24.0pt;" valign="bottom" width="551"> <p style="margin: 0in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">2027</font></p> </td> <td style="width: 155.1pt; 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; mso-border-bottom-alt: solid black 1.0pt; mso-border-right-alt: solid black .75pt; padding: 0in 3.4pt 0in 3.9pt; height: 24.0pt;" valign="bottom" width="207"> <p style="margin: 0in; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">1.0</font></p> </td> </tr> <tr style="mso-yfti-irow: 4; height: 24.0pt;"> <td style="width: 413.05pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid black 1.0pt; mso-border-right-alt: solid black 1.0pt; padding: 0in 2.9pt 0in 3.4pt; height: 24.0pt;" valign="bottom" width="551"> <p style="margin: 0in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">2028</font></p> </td> <td style="width: 155.1pt; 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; mso-border-bottom-alt: solid black 1.0pt; mso-border-right-alt: solid black .75pt; padding: 0in 3.4pt 0in 3.9pt; height: 24.0pt;" valign="bottom" width="207"> <p style="margin: 0in; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">1.0</font></p> </td> </tr> <tr style="mso-yfti-irow: 5; height: 24.0pt;"> <td style="width: 413.05pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid black 1.0pt; mso-border-right-alt: solid black 1.0pt; padding: 0in 2.9pt 0in 3.4pt; height: 24.0pt;" valign="bottom" width="551"> <p style="margin: 0in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">2029</font></p> </td> <td style="width: 155.1pt; 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; mso-border-bottom-alt: solid black 1.0pt; mso-border-right-alt: solid black .75pt; padding: 0in 3.4pt 0in 3.9pt; height: 24.0pt;" valign="bottom" width="207"> <p style="margin: 0in; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">1.0</font></p> </td> </tr> <tr style="mso-yfti-irow: 6; height: 24.0pt;"> <td style="width: 413.05pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid black 1.0pt; mso-border-right-alt: solid black 1.0pt; padding: 0in 2.9pt 0in 3.4pt; height: 24.0pt;" valign="bottom" width="551"> <p style="margin: 0in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Thereafter</font></p> </td> <td style="width: 155.1pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; mso-border-left-alt: dashed #BBBBBB .75pt; mso-border-bottom-alt: solid black 4.5pt; mso-border-right-alt: solid black .75pt; padding: 0in 3.4pt 0in 3.9pt; height: 24.0pt;" valign="bottom" width="207"> <p style="margin: 0in; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">2.5</font></p> </td> </tr> <tr style="mso-yfti-irow: 7; mso-yfti-lastrow: yes; height: 25.5pt;"> <td style="width: 413.05pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: dashed #BBBBBB .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; mso-border-right-alt: solid black 1.0pt; padding: 0in 2.9pt 0in 3.4pt; height: 25.5pt;" valign="bottom" width="551"> <p style="margin: 0in;"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">Total</font></p> </td> <td style="width: 155.1pt; 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; mso-border-bottom-alt: solid black 4.5pt; mso-border-right-alt: solid black .75pt; padding: 0in 3.4pt 0in 3.9pt; height: 25.5pt;" valign="bottom" width="207"> <p style="margin: 0in; text-align: right;" align="right"><font style="font-size: 16.0pt; font-family: 'Arial',sans-serif;">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;7.5</font></p> </td> </tr> </table> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">&#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">For each of the years ended December 31, 2024 and 2023, annual operating expense under this agreement totaled approximately $0.8 million. Our pipeline capacity agreement with Natural has a step-up rate provision, not related to changes in levels of service, and is recognized as expense ratably over the contract life.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold; -aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">8. Recent Accounting Pronouncements</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Accounting Standards Update (ASU) No. 2023-09</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt; background-color: #ffffff;"><font style="font-family: Arial;">On December 14, 2023, the Financial Accounting Standards Board issued ASU No. 2023-09, </font><font style="font-family: Arial; font-style: italic;">&#8220;Income Taxes (Topic 740): Improvements to Income Tax</font> <font style="font-family: Arial; font-style: italic;">Disclosures.&#8221;</font><font style="font-family: Arial;"> This ASU improves the transparency of income tax disclosures by requiring (i) consistent categories and greater disaggregation of information in the rate reconciliation and (ii) income taxes paid disaggregated by jurisdiction. This ASU will be effective for us January 1, 2025, and early adoption is permitted. Management is currently evaluating this ASU to determine its impact on the Company&#8217;s annual disclosures.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 8pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </div> </div></div> See page 332 for additional details on Transmission and Compression of Gas by Others. Rate for borrowed funds actually used during the year is based upon the capital ratio of 60% long term debt in Docket No. CP06-449, CP06-450 and CP06-451 multiplied by the 6.75% long term debt cost rate percentage. Rate for other funds actually used during the year is based upon the capital ratio of 40% common equity in Docket No. CP06-449, CP06-450 and CP06-451 multiplied by the 14% common equity cost rate percentage. The cost rate percentage of common equity is based upon the approved rate of Docket No. CP06-449. Transmission Plant (in thousands) Pg 204 Ln 92 Col (g) $ 1,260,577 Less: Land 376 $ 1,260,201 Kinder Morgan, Inc. directly owns 97.58% of Kinder Morgan Energy Partners, L.P. and 100% of Kinder Morgan GP LLC. See Page 102 "Control Over Respondent" for a description of our ownership structure. Allowance for other funds used during construction $ 709 Allowance for borrowed funds used during construction 511 Total $ 1,220 Allowance for other funds used during construction $ 477 Allowance for borrowed funds used during construction 344 Total $ 821 In accordance with FERC Order No. 581, we use the fixed asset method. Account Amount 407.3 $ 941,485 813 63,070 Total $ 1,004,555 Recorded pursuant to Docket No. AI93-5-000 issued April 23, 1993 (Accounting for Income Taxes). See page 122.1, Notes to Financial Statements, Note 7 "Commitments" for additional information. Receipt point Natural Gas Pipeline Company of America LLC. Lease Pin 44405 NGPL Cameron. Delivery point Natural Gas Pipeline Company of America LLC. Lease Pin 44402 Transco SW Loop Cameron and 44411 Bridgeline Cameron. Many of the natural gas volumes required to be reported on this page are tracked at the entity level, rather than by discounted, negotiated or recourse rate contracts; therefore, the amounts reported have been allocated to discounted, negotiated or recourse rate contracts based on reasonable assumptions. The value of this gas is based on the current month cash-out price provided for in our tariff. This footnote applies to all periods within the quarter. Amounts charged by Kinder Morgan, Inc. through shared services are allocated using the modified Massachusetts Formula. See Page 218, "General Description of Construction Overhead Procedure" for the basis of allocation. Use tax is distributed to various accounts based on the accounts charged for the originating invoice. Industry Research: FIS Capital Markets US LLC We had no balance with Kinder Morgan, Inc. (KMI) under the cash management program as of December 31, 2024 and 2023. For further discussion of our participation in KMI's cash management program, see page 122.1 "Notes to Financial Statements," Note 5, "Related Party Transactions." Shipper supplied gas and gas lost and unaccounted for are not directly charged to an account. As directed under FERC Order No. 581, we record "Other Regulatory Assets/Liabilities" (Accounts 182.3 / 254) through offsetting entries booked to "Regulatory Debits/Credits", (Accounts 407.3/.4) for any excess or deficiency in net shipper supplied gas (Line 37). This footnote applies to Lines 4 and 26 for all periods within the quarter. Account Amount 107 $ 5,363 108 485 408.1 152,648 850 213,508 853 543,674 856 165,097 857 317,669 861 43,244 863 78,577 864 86,447 865 20,214 920 697,755 Total $ 2,324,681 Account Amount 107 $ 775 108 59 926 394,303 Total $ 395,137 Account Amount 408.1 $ 76,591 920 1,000,037 923 178,462 925 220,629 926 190,675 930.2 297,268 931 184,604 Total $ 2,148,266 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 $ 2,341,916 As of December 31, 2024, 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 $ 2,217,340 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 $ 80,032,070 As of December 31, 2023, we estimate that no deferred tax balance in Account 283 could be used in the development of jurisdictional recourse rates. As of December 31, 2024, we estimate that no deferred tax balance in Account 283 could be used in the development of jurisdictional recourse rates. As of December 31, 2024, 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 $ 89,642,445 In Docket No. CP19-484-000, the FERC approved our proposal to reflect our existing reservation charge as the monthly reservation charge for the Sabine Pass Acadiana Expansion Project, as well as our proposed incremental commodity charge. We consider the Sabine Pass Acadiana Expansion Project to be a partially incremental project as a result. Amounts in column (k) reflect only commodity revenues. All other amounts are not applicable to partially non-traditional rate treatment. In Docket No. CP17-22-000, the FERC approved our proposal to reflect our existing reservation charge as the monthly reservation charge for the Sabine Pass Expansion Project, as well as our proposed incremental commodity charge. We consider the Sabine Pass Expansion Project to be a partially incremental project as a result. Amounts in column (k) reflect only commodity revenues. All other amounts are not applicable to partially non-traditional rate treatment. 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). Transfer to retirement work in progress.