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N/A</p> <p style="text-indent:0pt;margin-top:0pt;margin-bottom:0pt;font-size:10pt;">&#160;</p> <p style="text-indent:0pt;margin-top:0pt;margin-bottom:0pt;font-size:10pt;">2. N/A</p> <p style="text-indent:0pt;margin-top:0pt;margin-bottom:0pt;font-size:10pt;">&#160;</p> <p style="text-indent:0pt;margin-top:0pt;margin-bottom:0pt;font-size:10pt;">3. N/A </p> <p style="text-indent:0pt;margin-top:0pt;margin-bottom:0pt;font-size:10pt;">&#160;</p> <p style="text-indent:0pt;margin-top:0pt;margin-bottom:0pt;font-size:10pt;">4. N/A</p> <p style="text-indent:0pt;margin-top:0pt;margin-bottom:0pt;font-size:10pt;">&#160;</p> <p style="text-indent:0pt;margin-top:0pt;margin-bottom:0pt;font-size:10pt;">5. N/A</p> </div></div> <div><div style="font-family: 'Arial'; font-size: 12pt; background-color: #ffffff; text-align: left;"> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; font-weight: bold; margin: 6pt 0pt 0pt 0pt;">1. COMPANY ORGANIZATION AND NATURE OF OPERATIONS</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 0pt;">NATURE OF BUSINESS</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">The crude oil pipeline owned by Platte Pipe Line Company, LLC (the &#8220;Company&#8221;) that runs from Casper, Wyoming to Wood River, Illinois (&#8220;Platte Pipeline&#8221;) is interconnected with Express Pipeline which is comprised of Express Pipeline LLC and Express Pipeline LP. Express Pipeline LLC and Express Pipeline LP were formed to build, own and operate the United States and Canadian portions, respectively, of a crude oil pipeline running from Hardisty, Alberta to Casper, Wyoming (&#8220;Express Pipeline&#8221;). The entire pipeline comprised of Platte Pipeline, Express Pipeline LP and Express U.S. is known as the Express System.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">On March 14, 2013 Spectra Energy completed the acquisition of the Express and Platte Pipelines from Kinder Morgan and the Ontario Teacher&#8217;s Pension Plan. On February 27, 2017 Enbridge acquired both Pipelines through its amalgamation with Spectra Energy Corp.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 13pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">REGULATION</p> <p style="text-align: justify; text-indent: 0pt; line-height: 13pt; margin: 6pt 0pt 0pt 18pt;"><span style="font-family: 'Helvetica'; font-size: 10pt;">The Company&#8217;s crude oil and liquid petroleum transportation activities are subject to regulation by the Federal Energy Regulatory Commission (&#8220;FERC&#8221;) and various state authorities. Regulatory bodies exercise statutory authority over such matters as rates of return, construction and operation of facilities, accounting practices, rates and tolls, and contractual agreements with customers.</span><span style="font-size: 10pt; color: #b5082d;"> </span></p> <p style="text-align: justify; text-indent: 0pt; line-height: 13pt; font-size: 10pt; color: #b5082d; margin: 6pt 0pt 0pt 18pt;">&#160;</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; font-weight: bold; margin: 6pt 0pt 0pt 0pt;">2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">The financial statements of Platte Pipeline have been prepared in accordance with accounting requirements of the FERC, as set forth in the applicable Uniform System of Accounts and published accounting releases (&#8220;FERC USA&#8221;), which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America (&#8220;US GAAP&#8221;).</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">These financial statements have been prepared solely for the purpose of reporting as prescribed by the FERC and exclude any purchase price adjustments as a result of Spectra Energy&#8217;s acquisition of the Platte Pipeline, or Spectra Energy&#8217;s amalgamation with Enbridge.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">MEASUREMENT UNCERTAINTY</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, expenses and the disclosure of contingent assets and liabilities. Management of the Company regularly evaluates these estimates, utilizing historical experience, consultation with experts and other methods considered reasonable in the circumstances. Nevertheless, actual results may differ significantly from these estimates. Any effects on the financial statements resulting from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">CASH</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">Cash is held in major banks in the United States of America, which from time to time may exceed federally insured limits. Management periodically assesses the financial condition of the financial institution and believes that any possible credit loss is minimal.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 13pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">&#160;</p> <p style="text-align: justify; text-indent: 0pt; line-height: 13pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">&#160;</p> <p style="text-align: justify; text-indent: 0pt; line-height: 13pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">PROPERTY, PLANT AND EQUIPMENT</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">Property, plant and equipment, including pipelines, tanks, buildings and other equipment, are stated at cost less accumulated depreciation. Cost includes all direct expenditures for system expansion, betterments and replacements, and capitalized interest.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">Depreciation of regulated assets is recorded on a straight-line basis over their useful lives. Depreciation rates for regulated assets are approved by the regulator. The average depreciation period is approximately 30 years. Assets under construction are not depreciated until they are placed in service.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">The cost of depreciable property retired, together with removal costs less salvage, is charged to accumulated depreciation.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">The carrying value of an item of property, plant and equipment is tested for recoverability whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized when the carrying amount is not recoverable and exceeds its fair value.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">ASSET RETIREMENT OBLIGATION</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">Platte Pipeline recognizes the fair value of a future asset retirement obligation, if determinable, as a liability in the period in which it incurs a legal obligation associated with the retirement of tangible long-lived assets which results from the acquisition, construction, development, and/or normal use of the assets. Platte Pipeline concurrently recognizes a corresponding increase in the carrying amount of the related long-lived asset that is depreciated over the life of the asset. The fair value of the asset retirement obligation is estimated using the expected cash flow approach that reflects a range of possible outcomes discounted at a credit-adjusted risk-free interest rate. Subsequent to the initial measurement, the asset retirement obligation is adjusted at the end of each period to reflect the passage of time and changes in the estimated future cash flows underlying the obligation. Changes in the obligation due to the passage of time are recognized in income as an operating expense using the interest method. Changes in the obligation due to changes in estimated cash flows are recognized as an adjustment of the carrying amount of the related long-lived asset that is depreciated over the remaining life of the asset.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">As the fair value of future removal and site restoration costs for the Company&#8217;s pipeline systems is not currently determinable, Platte Pipeline has not recognized an asset retirement obligation as at December 31, 2019 and 2018.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 13pt; font-family: 'Helvetica'; font-size: 10pt; margin: 12pt 0pt 0pt 18pt;">FINANCIAL INSTRUMENTS</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">(i) Initial measurement:</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">Financial instruments are measured at fair value on origination or acquisition, adjusted by, in the case of financial instruments that will not be subsequently measured at fair value, financing fees and transaction costs. All other transaction costs are recognized in net earnings in the period incurred.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">(ii) Subsequent to initial recognition:</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">Subsequent to initial recognition, financial assets and liabilities held-to-maturity, are measured at amortized cost. All other financial assets and liabilities are initially measured at fair value, and are not re-measured subsequently to fair value because their initial carrying values approximate their fair values due to the short-term nature of the instruments.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">&#160;</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">(iii) Impairment:</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">At year-end Platte Pipeline assesses whether there are any indications that a financial asset may be impaired. For purposes of impairment testing, each individually significant asset is assessed individually. When there is an indication of impairment, Platte Pipeline determines whether a significant adverse change has occurred during the period in the expected timing or amount of future cash flows from the financial asset. When there has been a significant adverse change, the carrying value of the asset reduced to the highest of:</p> <ol style="margin: 0pt; padding: 0pt; list-style-type: lower-alpha;"> <li style="font-family: 'Helvetica'; font-size: 10pt; margin-left: 36pt;"> <p style="text-align: justify; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 0pt;">The present value of expected cash flows, and</p> </li> <li style="font-family: 'Helvetica'; font-size: 10pt; margin-left: 36pt;"> <p style="text-align: justify; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 0pt;">The amount that could be realized by selling the asset,</p> </li> </ol> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">When the extent of impairment decreases and the decrease can be related to an event occurring after the impairment was recognized, the impairment is reversed.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 12pt 0pt 0pt 18pt;">RELATED PARTY TRANSACTIONS</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">Monetary related party transactions and non-monetary related party transactions that have commercial substance are measured at the exchange amount. Where a transaction is not in the normal course of operations, it is measured at the exchange amount when there is a substantive change in the ownership of the item transferred and there is independent evidence of the exchange amount. All other related party transactions are measured at the carrying amount.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">Platte Pipeline has no direct employees but records direct costs relating to Enbridge Inc.&#8217;s employee expenses that relate directly to the Company&#8217;s operations. All Enbridge Inc. employees that directly work on Platte Pipeline have their salaries, wages, benefits, and pension costs being allocated to Platte Pipeline. Platte Pipeline has no pension liability.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 12pt 0pt 0pt 18pt;">REVENUE RECOGNITION</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 12pt 0pt 0pt 18pt;">Platte Pipeline derives revenues from interstate and intrastate transportation of crude oil and liquid petroleum under tariffs regulated by the FERC. Platte Pipeline recognizes revenue upon delivery of products to its customers, when pricing is determinable and collectability is reasonably assured. Platte Pipeline generally does not own the crude oil and liquid petroleum that it transports or stores, and therefore, does not assume significant direct commodity price risk.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 12pt 0pt 0pt 18pt;">&#160;</p> <p class="MsoNormal" style="margin-bottom: 0in;"><strong><span style="font-size: 10.0pt; line-height: 107%;">3. REFILING OF FERC FORM 6 </span></strong></p> <p class="MsoNormal" style="margin-bottom: 0in;"><span style="font-size: 10.0pt; line-height: 107%;">&#160;</span></p> <p class="MsoNormal" style="margin: 0in 0in 0in 13.5pt;"><span style="font-size: 10.0pt; line-height: 107%;">The Company is refiling its FERC Form 6 for the year ended December 31, 2020, to restate information contained in its Page 700 for the years ended December 31, 2020, and 2019, using a revised return on equity (ROE) calculation consistent with the ROE methodology approved by the FERC in Opinion No. 586.</span></p> <p class="MsoNormal" style="margin: 0in 0in 0in 13.5pt;"><span style="font-size: 10.0pt; line-height: 107%;">&#160;</span></p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 12pt 0pt 0pt 18pt;"><span style="font-size: 10.0pt; line-height: 107%; font-family: 'Aptos',sans-serif; mso-ascii-theme-font: minor-latin; mso-fareast-font-family: Aptos; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Other than the changes to Page 700 described above, no other information in this Form 6 has been restated.</span></p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; font-weight: bold; margin: 6pt 0pt 0pt 0pt;">&#160;</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; font-weight: bold; margin: 6pt 0pt 0pt 0pt;">4. SIGNIFICANT COMMITMENTS OR CONTINGENT ASSETS OR LIABILITIES</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 12pt 0pt 0pt 18pt;">Platte Pipeline recognizes liabilities for other contingencies when, after fully analyzing the available information, it determines it is either probable that an asset has been impaired or that a liability has been incurred and the amount of impairment or loss can be reasonably estimated. When a range of probable loss can be estimated, Platte Pipeline accrues the most likely amount, or if no amount is more likely than another, the minimum of the range of probable loss. Platte Pipeline typically expenses legal costs associated with loss contingencies as such costs are incurred.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 12pt 0pt 0pt 18pt;">Oil in Custody</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">Platte Pipeline. transports crude oil and liquid petroleum owned by its customers for a fee. Virtually all the volume of liquid hydrocarbons in the Company's pipeline system at any one time is owned by the Platte Pipeline's customers. Under terms of the Platte Pipeline&#8217;s tariffs, losses of crude oil not resulting from direct negligence of the Company may be apportioned among its customers. In addition, Platte Pipeline maintains property insurance coverage with respect to crude oil and liquid petroleum in its custody.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 12pt 0pt 0pt 18pt;">Rights-of-Way</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">Platte Pipeline, as part of its pipeline construction process, must obtain certain right-of-way agreements from landowners whose property the pipeline will cross. Right-of-way agreements that Platte Pipeline buys are capitalized as part of property, plant and equipment. Right-of-way agreements that are leased from a third party are expensed.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">&#160;</p> <p style="text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; font-weight: bold; margin: 6pt 0pt 0pt 0pt;">5. ACCOUNTING FOR INCOME TAX</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">Platte Pipeline is not taxable entity for federal and state income tax purposes. Accordingly, no recognition is given to income taxes for financial reporting purposes. The parent of the Company is a corporation and thereby subject to income tax.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-size: 10pt; margin: 6pt 0pt 0pt 54pt;">&#160;</p> <p style="text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; font-weight: bold; margin: 6pt 0pt 0pt 0pt;">6. ENVIRONMENTAL LIABILITIES</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">Platte Pipeline is subject to federal and state laws and regulations relating to the protection of the environment. Environmental risk is inherent to liquid pipeline operations and the Company could, at times, be subject to environmental cleanup and enforcement actions. Platte Pipeline manages this environmental risk through appropriate environmental policies and practices to minimize any impact. To the extent that we are unable to recover environmental liabilities through insurance or other potentially responsible parties, we will be responsible for payment of liabilities arising from environmental incidents associated with the operating activities of its pipeline business.</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">&#160;</p> <p style="text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; font-weight: bold; margin: 6pt 0pt 0pt 0pt;">7. SUBSEQUENT EVENTS</p> <p style="text-align: justify; text-indent: 0pt; line-height: 14pt; font-family: 'Helvetica'; font-size: 10pt; margin: 6pt 0pt 0pt 18pt;">On January 15, 2020 Platte Pipeline paid in full the balance of principal and accrued interest of the Senior Secured Guaranteed Note in the amount of $24.8 million.</p> </div></div> 608994 43947195 23498600 32598514 8152824 26201850 21455139 15110001 451136 663665 604113 1963444 1003631 101921 176361027 742327 742327 177103354 189602664 25485445 215088109 3593316 11175258 14768574 4364332 0.2514 273955 767641 165022973 37855206 51589662 12176255 56250201 67949172 29002290 782508 1000258 147414 1994373 1840709 426652617 2049039 29338229 31387268 458039885 1 -669731 62581738 39186238 22169531 1225969 5443243 293547 67648797 458039885 177103354 280936531 2359998 2326751 33247 2008964 351034 281287565 24080073 4682126 200000 19597947 368534309 12271336 5759297 1795152 1535442 970997 733477 647190 610784 218997 23901249 36172585 36172585 48239546 284122178 332361724 368534309 -669731 284122178 117316332 117316332 117297117 19215 101732 101732 90206 11526 3447778 3447778 450 450 120866292 120866292 26200 4226753 1264172 -22583 1326844 -9600 1419444 478282 1811148 2210135 2350113 1283375 -96294 17188 75568 11265 9600 51424 12937626 3614285 -118877 328077 328077 13265703 3614285 -118877 Defered Income Tax Assets/Liabilities: Other (Specify) Accumulated Defered Income Tax Assets/Liabilities: Other (Specify) 56057044 12184650 731838 1203147 0.4455 0.5545 0.0375 0.0937 0.0687 89309585 120835551 72337204 36378198639 -16 -16 -16 47981337 1264172 46717165 46717165 -9600 -9600 241285 241285 241285 20450897 2350113 18100784 18100784 4164070 4164070 4164070 61286 61286 9600 70886 72898859 3614285 69284574 69284574 327391 327391 327391 16480676 16480676 16480676 16808067 16808067 16808067 89706926 3614285 86092641 86092641 Enbridge Inc. Express Holdings (USA), LLC Anderson, Phillip M., Senior VP BD Party, Dean C., Senior VP Opertation Koby, Michael P., President 5400 Westheimer Court, Houston, TX 77056, USA Suit 200, 425 1st Street SW Calgary AB Canada 5400 Westheimer Court, Houston, TX 77056, USA Platte Pipe Line Company LLC 1950-08-01 A limited liability company under the laws of Delaware. N/A N/A N/A N/A Platte Pipe Line Company, LLC Energy Center Five, 915 N. Eldridge Parkway, Suite 1100, Houston, Texas, 77079, United States Alan McCoy Manager, Accounting Suite 200, Fifth Avenue Place, 425 - 1'st Street SW, Calgary, Alberta, Canada T2P 3L8 403-231-5937 R Nafeesa Kassam Vice President - Finance Nafeesa Kassam 2025-05-02 Merchant storage 3052949 3052949 243267 243267 69303986 69303986 69303986 51562306 2809682 2847 21 -1217294 4029802 55592108 55592108 55592108 55592108 2847 2847 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Casper Casper Stateline Stateline Stateline Stateline Stateline Casper Stateline Stateline Stateline Wood River 152 410 99 271 1 933 Wyoming Nebraska Kansas Missouri Illinois 3 3 16 Tanks Land - Warranty deed (held for resale) transferred to non-carrier property in 1956 203459 203459 203459 757484 757484 757484 17701346 17701346 17701346 15478250 15478250 15478250 -587426 -587426 -587426 138951 138951 138951 814966 814966 814966 34507030 34507030 34507030 86426 86426 86426 199552 199552 199552 16925847 16925847 16925847 17510 17510 17510 13169409 13169409 13169409 -132937 -132937 -132937 1662695 1662695 1662695 2937638 2937638 2937638 -69184 -69184 -69184 34796956 34796956 34796956 117387323 30741 117418064 Deferred financing costs Express Pipeline LLC Express Pipeline LP Minor accounts, each less than $500,00 24750000 SE Partners, LP Spectra Energy Transmission Enbridge Employee Services Inc. SE Capital LLC Enbridge Employee Services Canada Inc. Enbridge Energy LP Spectra Energy Corp Minor accounts, each less than $500,000 Intercompany advance & expenses Intercompany advance & expenses Intercompany expenses Intercompany advance & expenses Intercompany expenses Intercompany expenses Intercompany advance & expenses Intercompany expenses Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming District of Columbia Other (Specify): 6346 544142 1385624 313160 688366 Other U.S. Taxes (Specify, Except Income Taxes) Senior Vice President, Business Development Controller Treasurer President Secretary Vice President - Finance Tax Officer Assistant Secretary Vice President, Safety & Reliy Vice President Assistant Treasurer Vice President, Supply Chain Anderson, Phillip M. Berry, David L. Chan, Maximilian G. Koby, Michael P. Gray, Kelly L. Johnston, Christopher J. Lanik, Kenneth C. McHenry, Allison Metzger-Doran, Brianne Neyland, Stephen J. Swales, Andrew M. Wastson, Robert J. 5400 Westheimer Ct. Houston, Texas USA 5400 Westheimer Ct. Houston, Texas USA Suite 200, 425 1st Street SW Calgary Alberta, Canada 5400 Westheimer Ct. Houston, Texas USA 5400 Westheimer Ct. Houston, Texas USA Suite 200, 425 1st Street SW Calgary Alberta, Canada 5400 Westheimer Ct. Houston, Texas USA 5400 Westheimer Ct. Houston, Texas USA 5400 Westheimer Ct. Houston, Texas USA 5400 Westheimer Ct. Houston, Texas USA Suite 200, 425 1st Street SW Calgary Alberta, Canada 5400 Westheimer Ct. Houston, Texas USA Joinit Tariff / Inventory Settlement Revenue Joint Tariff Revenue and Operating Expenses Intercompany advances and expenses Wyoming - Interstate Wyoming - Intrastate Nebraska Missouri Kansas Illinois 72337204 97365 72434569 72434569 72337204 97365 72434569 72434569 29650237 100355 7567203 3034171 32305778 72657744 72657744 29650237 100355 7567203 3034171 32305778 72657744 72657744 72657745 36428513764 13243121 3959 -10903289 2584031 -293547 82032961 89706927 89706927 -89706927 24750000 -12704435 12045565 24750000 -12704435 -20378401 Other: Prepayments Oil Inventory Other: Other: Related party advances Other: Return of capital Other: Other: Deferred financing costs Other: 55592108 55592108 12704435 12704435 42887673 582794 41007197 22181356 31179070 7674542 24390702 21595117 13922920 433948 663665 528545 1942579 952207 101921 167156563 414250 414250 167570813 137096236 25819424 162915660 2717608 8944202 11661810 3934791 0.2695 273971 767641 118305808 37864806 51589662 12176255 56008916 49848388 24838220 782508 1000258 147414 1923487 1840709 357368043 1721648 12857553 14579201 371947244 19708670 72642017 6286253 98636940 371947244 167570813 204376431 2359998 1912670 447328 204823759 24080073 4682126 200000 3960 19601907 323062606 8847838 23888250 24750000 852467 58338555 58338555 23489546 241234505 264724051 323062606 19708670 241234505 21829298 204830608 131818472 131818472 131699822 118650 201859 201859 179761 22098 4961973 4961973 5450 5450 136987754 136987754 54711365 10239873 675147 1181289 0.4039 0.5961 0.0413 0.0921 0.0716 82404275 136847006 81052576 41189027904 67619903 69367851 2791593 134497 1507275 -868072 2286887 71654738 71654738 71654738 71654738 131879583 140748 132020331 12248723 16904 -4477764 -20539916 473046 68331259 35201046 35201046 -35201046 -35250841 -35250841 -35250841 -2120628 71654738 71654738 35250841 35250841 36403897 2937638 N/A N/A N/A N/A Amortization of deferred financing costs 3959 Capitalized interest 1126270 Foreign exchange gain 94983 1 1 2 3 1 2 1 2 3 4 5 6 7 8 1 6 11 16 1 2 3 1 1 2 3 4 5 6 1 4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 63 1 2 3 5 7 9 11 13 15 17 19 21 23 4 6 8 10 12 14 16 18 20 22 24 1 2 3 4 5 6 16 63 64 14 15 28 52 53 67 75 76 81 1 2 3
Original value: -1264172
Original value: -2350113
Original value: -3614285
Original value: -3614285

Management believes that the information on this page has been prepared consistent with the Commission's Opinion 154-B methodology. This presentation on page 700 is not necessarily in the form in which it would appear in connection with a challenge to a particular rate, or rates, and is therefore not intended to be binding in any specific rate litigation.

 

2019 and 2020 data has been restated using a revised return on equity (ROE) calculation consistent with the ROE mothodology approved by the Commission in Opinion No. 586.

 

Totals may not sum due to rounding.
Original value: 10903289
Original value: -89706927
Original value: -89706927
Original value: -24750000
Original value: 4477764
Original value: -35201046
Original value: -35201046