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C000981
28
2025-01-01
2025-12-31
C000981
29
2025-01-01
2025-12-31
C000981
ferc:TransmissionCompressorStationsMember
2025-01-01
2025-12-31
C000981
2
2025-01-01
2025-12-31
C000981
2
2025-12-31
C000981
3
2025-01-01
2025-12-31
C000981
3
2025-12-31
C000981
4
2025-01-01
2025-12-31
C000981
4
2025-12-31
C000981
5
2025-01-01
2025-12-31
C000981
5
2025-12-31
C000981
6
2025-01-01
2025-12-31
C000981
6
2025-12-31
C000981
7
2025-01-01
2025-12-31
C000981
7
2025-12-31
C000981
8
2025-01-01
2025-12-31
C000981
8
2025-12-31
C000981
1
2025-01-01
2025-12-31
C000981
2
2025-01-01
2025-12-31
C000981
3
2025-01-01
2025-12-31
C000981
4
2025-01-01
2025-12-31
C000981
5
2025-01-01
2025-12-31
C000981
6
2025-01-01
2025-12-31
C000981
4
2025-01-01
2025-12-31
C000981
4
2025-12-31
C000981
5
2025-01-01
2025-12-31
C000981
5
2025-12-31
C000981
1
2025-01-01
2025-12-31
C000981
1
2025-12-31
C000981
2
2025-01-01
2025-12-31
C000981
2
2025-12-31
C000981
3
2025-01-01
2025-12-31
C000981
3
2025-12-31
C000981
4
2025-01-01
2025-12-31
C000981
4
2025-12-31
C000981
1
2025-01-01
2025-12-31
C000981
2
2025-01-01
2025-12-31
C000981
4
2025-01-01
2025-12-31
C000981
5
2025-01-01
2025-12-31
C000981
7
2025-01-01
2025-12-31
C000981
8
2025-01-01
2025-12-31
C000981
10
2025-01-01
2025-12-31
C000981
11
2025-01-01
2025-12-31
C000981
13
2025-01-01
2025-12-31
C000981
14
2025-01-01
2025-12-31
C000981
16
2025-01-01
2025-12-31
C000981
17
2025-01-01
2025-12-31
C000981
19
2025-01-01
2025-12-31
C000981
20
2025-01-01
2025-12-31
C000981
22
2025-01-01
2025-12-31
C000981
23
2025-01-01
2025-12-31
C000981
24
2025-01-01
2025-12-31
C000981
25
2025-01-01
2025-12-31
C000981
26
2025-01-01
2025-12-31
C000981
ferc:ThreeDayPeakDeliveriesMember
41
2025-01-01
2025-12-31
C000981
ferc:DeliveredToInterstatePipelinesMember
ferc:ThreeDayPeakDeliveriesMember
41
2025-01-01
2025-12-31
C000981
ferc:DeliveredToOthersMember
ferc:ThreeDayPeakDeliveriesMember
41
2025-01-01
2025-12-31
C000981
ferc:ThreeDayPeakDeliveriesMember
42
2025-01-01
2025-12-31
C000981
ferc:DeliveredToInterstatePipelinesMember
ferc:ThreeDayPeakDeliveriesMember
42
2025-01-01
2025-12-31
xbrli:pure
utr:mi
utr:MW
iso4217:USD
iso4217:USD
utr:dth
utr:dth
Matthew J. Wojtalewicz
Vice President and Controller
1001 Louisiana Street, Suite 1000, Houston, TX 77002
true
false
Colorado Interstate Gas Company, L.L.C. was originally organized as a Delaware corporation on June 8, 1927. Effective August 31, 2011, we converted our legal structure to a Delaware limited liability company.
Respondent was involved in transportation and storage of natural gas. Contract gas storage service was provided to utility companies and commercial customers through facilities in the states of Colorado and Kansas. Transportation services were rendered in the states of Colorado, Kansas, Montana, Oklahoma, Texas, Utah, and Wyoming.
false
0
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
Not Prepared
<div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 16pt;">1. None.</font> </p></div>
<div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">2. None.</font></p></div>
<div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">3. None.</font></p></div>
<div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">4. None.</font></p></div>
<div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">5. None.</font></p></div>
<div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">6. None.</font></p></div>
<div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">7. None.</font></p></div>
<div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">8. None.</font></p></div>
<div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">9. See Page 122.1, Notes to Financial Statements, Note 2 "Summary of Significant Accounting Policies."</font></p></div>
<div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">10. None.</font></p></div>
<div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">11. None.</font></p></div>
<div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">12. Changes made during the year ended December 31, 2025:</font> </p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">Appointments:</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">     Michael Chandler - Vice President</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">     Sital Mody - President</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">     </font><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">Ernestine Oriadha - Vice President</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">     Jacquelyne Rocan - Vice President</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">     Steven Romano - Vice President</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">     Daryl Vance - Vice President</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;"> </font><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">Resignations:</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">     Anders Johnson - Vice President</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">     William E. Morgan - Vice President, Operational Controller</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">     </font><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">Christa Robbins - Vice President</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">     Dayton Robertson - Vice President</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">     </font><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">Tony Sala - Assistant Secretary</font></p>
<p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">     Daryl Vance - Vice President</font></p></div>
<div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 21.3333px;">13. N/A</font></p></div>
Account 489.2, Revenues from transportation of gas of others through transmission facilities.
35932197
111353507
61548137
211181235
35932197
111353507
61548137
211181235
1
21971728
875418
1779372
24626518
84865668
84865668
84294650
84294650
4575829
4575829
21971728
875418
6926219
29773365
33770851
386123
2262583
36419557
0.6506
2.2672
3.0612
0.8175
Revaluation of Monthly Encroachment in Account 117.4
-4575829
Losses on Settlements of Gas Imbalances
15172
Revaluation of Imbalances
4536142
Revaluation of FL&U
668166
Gas Loss due to Rupture
276938
920589
1
2
3
4
5
TRANSPORTATION
Received from: Wyoming Interstate Company, L.L.C. - Wamsutter, Bowie, Baxter, Rawlins, Rockport
true
Delivered to: Colorado Interstate Gas Company, L.L.C. - Dover, Topaz Ridge, Flying Hawk, Thunderchief, Bowie, Roberson Creek
Delivered from: Wyoming Interstate Gas Company, L.L.C.
true
6008097
11984674
STORAGE
Received from: Young Gas Storage Company, Ltd. - Colorado
true
Delivered to: Colorado Interstate Gas Company, L.L.C.
Delivered from: Young Gas Storage Company, Ltd.
true
6743679
9891863
12751776
21876537
1
2
3
4
5
6
7
8
Gas Imbalance Due to Others
16103341
Environmental Reserve
317000
Minor Items (less than $250,000)
8947
16429288
1
2
3
Income Tax Gross-Up on AFUDC Equity
Remaining life of assets
Docket No. AI93-5-000 issued April 23,1993 (Accounting for Income Taxes).
6655829
473955
407.3
321110
6808674
FERC Annual Charge Adjustment
12 Months ending September 30
18 CFR 154.402(a) and 18 CFR 382.202.
1048338
1534635
928
1431999
1150974
Fuel Tracker
Remaining balance at end of current filing period will be recovered through adjustments to future period fuel retention rates.
Docket No. RP07-666.
1916553
407.3
1343712
572841
7704167
3925143
3096821
8532489
1
2
3
Federal Energy Regulatory Commission 2025 Annual Charge Adjustment (Amortized over 1 year)
1534635
1534635
1534635
182.3
383661
1150974
Federal Energy Regulatory Commission 2024 Annual Charge Adjustment (Amortized over 1 year)
1397777
1397777
1048338
182.3
1048338
Professional and Other Fees
575
575
575
232
575
2932412
575
2932987
1048338
1535210
1432574
1150974
1
2
3
1427
1427
1533
1533
876
876
80344547
120636
27913351
28033987
95836961
143757
28936116
29079873
95059900
142590
29150066
29292656
78183
78183
20023
76447
76447
52650
82960
82960
81019
81019
80854
80854
187703
187703
16667
16667
16667
16667
16666
16666
63089
63089
121881
121881
189418
189418
160775
160775
219402
219402
393787
393787
80344547
120636
28153736
28274372
95856984
143757
29233498
29377255
95112550
142590
29627689
29770279
IS-1
90
90
16023
1553
1553
48150
18412
18412
IS-Y
388
388
4000
1695
1695
4500
1843
1843
NNT-1
44010
44010
20124
20124
44124
44124
NNT-2
207
207
-5
-5
TSB-T
23245
23245
38390
38390
22544
22544
TSB-Y
10243
10243
14690
14690
-3963
-3963
1
2
3
4
5
6
42075
63695
42075
63695
1514056
1472553
320319828
324097528
321833884
325570081
1062006609
1051821795
1432738
1344774
1432738
1344774
2372131
2344500
41635
2763
41635
2763
1269381
3600294
1269381
3600294
146242
215602
146242
215602
200000
200000
200000
200000
2143331
1113029
2143331
1113029
1514056
1472553
325595230
330637685
327109286
332110238
1514056
1472553
325595230
330637685
327109286
332110238
IS-1
210703
303139
210703
303139
2082130
2272415
IS-Y
44812
20620
44812
20620
290001
72085
NNT-1
639292
524773
639292
524773
NNT-2
635
5672
635
5672
TSB-T
442724
424783
442724
424783
TSB-Y
94572
65787
94572
65787
Total
1432738
1344774
1432738
1344774
2372131
2344500
1
2
3
4
5
6
7
CS-1
79582
79582
79643
79643
79603
79603
HUB-1
580969
871
5810
6681
234800
352
2348
2700
NNT-1
-45000
203
5310690
5310893
6432463
9649
5756888
5766537
7132786
10699
5713070
5723769
NNT-2
1423
2
643
645
64443
97
27858
27955
127878
192
56799
56991
PAL-1
222657
222657
29538
29538
41945
41945
SS-1
140107
140107
214269
214269
135687
135687
SS-HP
2256
2256
15015
15015
9454
9454
TF-1
49449944
74085
14555614
14629699
56574823
84863
15127870
15212733
56555128
84833
15702503
15787336
TF-4
126447
190
40005
40195
130690
196
53227
53423
137655
206
48874
49080
TF-HP
29323769
43926
3716723
3760649
28897833
43347
3595847
3639194
28373702
42561
3564091
3606652
TI-1
888192
1332
229877
231209
1433231
2150
361822
363972
530813
796
134668
135464
TI-HP
396084
594
28082
28676
148632
223
10538
10761
TSB-T
598360
896
2584772
2585668
1161363
1742
2605659
2607401
1014841
1522
2600223
2601745
TSB-Y
1412
2
1030425
1030427
165062
248
1034588
1034836
803665
1206
1050263
1051469
1
2
3
4
5
6
7
8
9
10
11
12
13
14
APAL-1
51189
140751
51189
140751
CS-1
954178
953212
954178
953212
HUB-1
2103
889
14489
6348
16592
7237
1444332
634813
NNT-1
89446
80714
44855075
44465802
44944521
44546516
62730491
57652638
NNT-2
725
592
223177
185965
223902
186557
504627
423059
PAL-1
1036321
668500
1036321
668500
SS-1
2169165
2334942
2169165
2334942
SS-HP
57515
27663
57515
27663
TF-1
881895
885916
178720930
179346814
179602825
180232730
618375130
632796354
TF-4
2198
2089
550278
541068
552476
543157
1540633
1491152
TF-HP
497256
454371
45135601
47549555
45632857
48003926
349038843
324550651
TI-1
15728
22670
2808186
4107961
2823914
4130631
11031377
16192285
TI-HP
1742
1192
85459
61276
87201
62468
1205351
851402
TSB-T
16160
18533
31171839
31242032
31187999
31260565
11346851
13238802
TSB-Y
6803
5587
12486426
12465639
12493229
12471226
4788974
3990639
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
2455964
7641838
10097802
1600063
5713251
7313314
1278910
8109361
9388271
4310195
5007283
9317478
3357848
2900310
6258158
2547020
6185767
8732787
1605534
7887564
9493098
1205180
8333876
9539056
1279632
7195467
8475099
1674986
6664761
8339747
1739547
5293375
7032922
1667480
5151786
6819266
24722359
76084639
100806998
2080671
8167555
10248226
3401147
15860780
19261927
3421837
10359767
13781604
1110369
6544669
7655038
1049185
7740607
8789792
1313560
4555723
5869283
1975395
2382684
4358079
2001405
3324083
5325488
1864932
2869723
4734655
990760
3040738
4031498
1711750
5393680
7105430
1808326
6362574
8170900
22729337
76602583
99331920
Colorado Interstate Gas Company, L.L.C.
854800
500000
1062006609
271241408
2372131
72673
6245231
582628
21876537
4863383
99331920
19307828
3094342
791484
1658422
567962
1197439992
297927366
1062006609
271241408
2372131
72673
4014202
264478
21876537
4863383
100806998
22191935
3507811
849512
Off System Compressor Fuel
29349
12881
Net Gas Used for Product Extraction
96938
21291
Net Gas Used for Other Utility Operations
1477033
517439
Fuel & L&U Retention True Up
-513818
-225951
Contract Storage Inventory Change
517944
-2312930
Line pack change
-67498
-4155
Park and Loan change
-349136
-179860
Imbalance Adjustments
305
31
1195775405
297312135
1664587
615231
1197439992
297927366
30
31
32
33
34
35
36
37
Interconnect Imbalance
14785662
5464209
12405346
3337418
SS-1
1509775
509660
SSHP-1
82385
28126
288794
90019
TF-1
6
TI-1
3611
1212
4186
1212
Imbalance Cashouts
2414541
751684
258320
75893
Other
44790
68164
17330989
6245231
14534591
4014202
1
2
3
4
5
6
7
1895943409
1853610097
19210350
50310154
1915153759
1903920251
831996147
822056542
1083157612
1081863709
1083157612
1081863709
285204287
283868196
141401083
146766498
16139718
15137296
442745088
445771990
29794557
30405829
2340974
137366
26249
403705
54581
108999
7641057
6503796
8625730
4902383
48483148
42462078
514159
840769
176807777
150609559
7914736
8219416
193769161
167373911
1797928374
1762098206
704320585
670480125
64747896
74827445
2238119
2376460
4214983
3405233
775521583
751089263
475000000
475000000
73033
178844
375000000
99926967
474821156
254526627
264205297
254526627
264205297
27242995
19686638
5676197
6292792
1311112
1445010
14847954
16256845
6121354
6121354
9
4
7385623
10175997
10168636
456804906
67356902
6195962
10494096
1085396
2171403
31627860
34063996
114563052
102712232
57676021
55183861
211148291
204625588
1797928374
1762098206
327109286
332110238
141184415
143456709
141184415
143456709
27498071
32979655
27498071
32979655
33307834
32360350
33307834
32360350
233234
165213
233234
165213
2064976
5460424
2064976
5460424
5555792
7532309
5555792
7532309
19361005
18340897
19361005
18340897
7247176
8674348
7247176
8674348
1619426
1747527
1619426
1747527
13098342
8993486
13098342
8993486
1065193
1216197
1065193
1216197
238993494
243430103
238993494
243430103
88115792
88680135
88115792
88680135
328917
553247
52933
97180
28050515
28848832
13802195
15456974
1513629
1706580
1745609
1152024
45387932
47620477
4139
4882
74298
-16909
-16909
-12027
61528
5611
-8110
8357845
9429387
1065983
1113162
1325983
643213
10755422
11177652
34644537
36381297
22412500
22412500
432421
415689
543609
620753
127374
234425
362305
409845
23153599
23273522
99606730
101787910
99606730
101787910
2915529
2915529
489704
489704
489704
489704
102277614
3405233
809750
809750
809750
809750
100416480
4214983
74827445
61801570
71556215
72939078
28188856
29005788
64747896
2533416
28188856
29005788
Distributions of Earnings to Member
211
-109824620
-88918991
1
Amortization of intangible plant
233234
165213
Amortization of debt costs
432421
415689
665655
580902
1
2
Net salvage/(cost of removal)
3176163
1845645
Change in customer advances for construction
4552184
-6616274
7728347
-4770629
1
2
Capital contributions from Member
33840460
393097
33840460
393097
1
Distributions to Member
140150476
119533473
140150476
119533473
1
Advance of Deferred Income Taxes to Member
148134531
10384440
158518971
Revenue Levelization
1895902
663255
142
506388
2052769
Park and Loan Accrual
10493
64738
142
69215
6016
568633
16230021
11112433
575603
1
2
3
Environmental Reserve
909445
Various
324285
147965
733125
Debt Fees
210654
426.5
16909
193745
Deferred Park and Loan Revenue
466163
489.2
618345
310708
158526
Revenue Levelization
585141
489.2
585141
1544680
458673
1
2
3
4
527019
1303528
312784
2143331
12
31018071
44240741
75258812
86061735
115
72
1061628
2025-02-11
33307834
32360350
13359132
8420502
4938227
2437025
1082843
-220560
27329270
20276543
828322
17466
-1398832
569268
1513629
1706580
-138341
-156956
-21976497
-169721
142668612
160042199
34034861
47023147
1513629
1706580
40249579
40545938
1586901
6380516
5477884
6024631
-36358596
-40901823
33840460
393097
-106310016
-119140376
819/854
3537160
9964100
773
75225
212227
777
21713
58020
812 Gas Used for Other Utility Operations - Credit (Report separately for each principal use. Group minor uses.)
Construction
107/186
509709
1214670
Storage Line Expense
817
196489
577879
Mains Expense
856
663474
1901697
Gas Loss
813
107361
276938
5111131
14205531
5
6
7
8
9
1
2
1
2
1631240785
1631240785
264702624
264702624
1895943409
1895943409
19210350
1915153759
831996147
1083157612
830440351
830440351
1555796
1555796
831996147
831996147
WYCO Development LLC
true
High Plains Pipeline/Kiowa Lateral
43451491
WYCO Development LLC
true
Totem Storage
21560348
65011839
1
2
820535444
820535444
33307834
33307834
33307834
33307834
20284942
20284942
3350385
3350385
232400
232400
23402927
23402927
830440351
830440351
101872348
101872348
701104512
701104512
27463491
27463491
6
6
233234
233234
3401709
3401709
27634512
27634512
2271613
2271613
33307834
233234
33541068
175405
0.0195
1410146
0.0000
35813
0.0000
Intangible Plant (footnote details)
1052
0.0000
Other Gas Storage (footnote details)
9
10
13447264
285204287
1336091
283868196
13447264
1336091
13447264
285204287
1336091
283868196
Investment Advance - Open Account - Kinder Morgan, Inc.
5
3
1
102712232
11492417
358403
114563052
102712232
11492417
358403
114563052
11492417
358403
91867430
9418876
317862
101604168
10844802
2073541
40541
12958884
Contributions from Member
33840460
Transfer from Account 216
109824620
Transfer from Account 236
19941416
Transfer from Account 186
10384440
Distributions to Member
-140150476
33840460
1
2
3
4
5
670480125
704320585
6850000
0.0685
100000000
2037-06-15
1997-06-27
Senior Debentures - 6.85% Issue Due June 2037
15562500
0.0415
375000000
2026-08-15
2016-08-16
Senior Notes - 4.15% Issue Due August 2026
22412500
22412500
475000000
2
3
6
9
12
307132
26805
333937
2037-06-15
1997-06-27
897445
100000000
Senior Debentures - 6.85% Issue Due June 2037
207027
299805
506832
2026-08-15
2016-08-16
2571664
375000000
Senior Notes - 4.15% Issue Due August 2026
73033
105811
178844
2026-08-15
2016-08-16
911250
375000000
Senior Notes - 4.15% Issue Due August 2026
2
3
5
7
Federal Income Tax
Federal Tax
Federal
1477694
15605021
-17395274
-312559
7247176
8357845
Subtotal Federal Tax
1477694
15605021
-17395274
-312559
7247176
8357845
State Income Tax - Colorado
State Tax
Colorado
72975
2238366
-2176432
134909
1327168
911198
0.0290
State Income Tax - Kansas
State Tax
Kansas
7953
268084
-260667
15370
158952
109132
0.0035
State Income Tax - Montana
State Tax
Montana
28
2471
-2403
96
1465
1006
0.0000
State Income Tax - Oklahoma
State Tax
Oklahoma
8028
102569
-99731
10866
60815
41754
0.0013
State Income Tax - Utah
State Tax
Utah
73
7106
-6909
270
4213
2893
0.0001
Texas Margin Tax
State Tax
Texas
2024
185129
-65422
119707
-65422
Texas Margin Tax
State Tax
Texas
2025
132235
132235
132235
Subtotal State Tax
274186
2685409
119707
-2546142
293746
1619426
1065983
Ad Valorem Tax - Colorado
Ad Valorem Tax
Colorado
2024
12847000
448257
13295257
448257
Ad Valorem Tax - Colorado
Ad Valorem Tax
Colorado
2025
13302000
13302000
13302000
Ad Valorem Tax - Kansas
Ad Valorem Tax
Kansas
2024
874748
874748
Ad Valorem Tax - Kansas
Ad Valorem Tax
Kansas
2025
1607315
814157
793158
1607315
Ad Valorem Tax - Montana
Ad Valorem Tax
Montana
2024
22331
22331
Ad Valorem Tax - Montana
Ad Valorem Tax
Montana
2025
46460
23230
23230
46460
Ad Valorem Tax - Oklahoma
Ad Valorem Tax
Oklahoma
2024
409503
409503
Ad Valorem Tax - Oklahoma
Ad Valorem Tax
Oklahoma
2025
779515
389757
389758
779515
Ad Valorem Tax - Texas
Ad Valorem Tax
Texas
2024
24209
24209
Ad Valorem Tax - Texas
Ad Valorem Tax
Texas
2025
48090
25090
23000
48090
Ad Valorem Tax - Utah
Ad Valorem Tax
Utah
2025
51928
51928
51928
Ad Valorem Tax - Wyoming
Ad Valorem Tax
Wyoming
2024
327023
327023
Ad Valorem Tax - Wyoming
Ad Valorem Tax
Wyoming
2025
692003
356455
335548
692003
Subtotal Ad Valorem Tax
14504814
16975568
16613688
14866694
16975568
Use Tax - Colorado
Sales And Use Tax
Colorado
2025
151382
151382
16
151366
Use Tax - Kansas
Sales And Use Tax
Kansas
2025
4286
4286
4286
Use Tax - Oklahoma
Sales And Use Tax
Oklahoma
2025
8365
8365
8365
Use Tax - Texas
Sales And Use Tax
Texas
2025
10757
10757
10757
Use Tax - Utah
Sales And Use Tax
Utah
2025
Use Tax - Wyoming
Sales And Use Tax
Wyoming
2025
39908
39908
39908
Subtotal Sales and Use Tax
214698
214698
16
214682
Payroll - FICA Tax
Payroll Tax
Federal
2025
2315820
2315820
2315820
Payroll - Unemployment Tax
Payroll Tax
Federal
2025
68890
68890
68890
Subtotal Payroll Tax
2384710
2384710
2384710
Severance Tax
Severance Tax
Colorado
2025
151
5760
5838
73
711
5611
-562
Subtotal Severance Tax
151
5760
5838
73
711
5611
-562
37871166
19338641
-19941416
28227607
9429439
214120
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
55183861
1277360
963576
219
251224
57676021
55183861
1277360
963576
251224
57676021
1277360
963576
251224
49357294
717269
854580
222805
51151948
5826567
560091
108996
28419
6524073
961985
58552
Health and life insurance
3685579
Long-term disability insurance
77901
401K Employer contributions
1276691
Other
55920
6116628
6
7
8
9
ATS Welding LLC
647444
Baker Hughes Holdings LLC
292173
Ex El Pipeline Services LLC
409938
Infrapro Services LLC
565101
International Inspecting Inc
1096175
Iron Horse Energy Services Inc
845875
Jomax Construction Co Inc
9189347
JRGO LLC
514682
K&K Inc
10160534
Meridian Pipeline Services
277216
Primoris Services Corporation
279590
Quality Integrated Services
346558
Radiation Pros LLC
274326
Samuel Engineering
285471
Tiberius Energy Services LLC
12118987
TRC Construction Inc
415061
USA Field Services
796046
West States Energy Contractors
1553795
Western Industrial Resources
590528
Other (less Than $250,000)
10523948
51182795
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
2835896
2835896
16209566
16209566
7596932
7596932
26642394
26642394
543011
543011
6239150
6239150
6782161
6782161
3378907
3378907
22448716
22448716
7596932
7596932
33424555
33424555
33424555
33424555
999160
999160
999160
999160
198394
198394
198394
198394
Account 186
201784
201784
201784
201784
34823893
34823893
6
Boehm - Kansas
Underground Storage
132556
23425151
true
Flank - Colorado
Underground Storage
175316
48567428
true
Fort Morgan - Colorado
Underground Storage
481050
55730431
true
Latigo - Colorado
Underground Storage
148591
51881505
true
Leased - Totem Storage Field - Colorado
Underground Storage
214800
true
Young Storage Field - Colorado
Underground Storage
219099
true
1
2
3
4
5
6
<div><p><font style="font-size: 18pt; font-family: Arial, sans-serif;">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;"> </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;"> </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> </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>
<p> </p></div>
474821156
Colorado Interstate Gas Company, L.L.C.
0.3884
0.0482
747684030
Colorado Interstate Gas Company, L.L.C.
0.6116
0.1272
1222505186
24132220
0.0187
0.0778
0.0187
0.0778
Colorado Interstate Issuing Corporation
D
Financing
1.00
WYCO Development LLC
J
Gas Pipeline
0.50
Control is held jointly with XCel Energy WYCO Inc., a subsidiary of Xcel Energy, Inc.
Kiowa Lateral LLC
J
Gas Pipeline
0.50
Control is held jointly with Rocky Mountain Midstream JV Holdings LLC, an indirect subsidiary of The Williams Companies, Inc.
1
2
3
Change in gas owed to system
-5146847
1701923
Change in postretirement benefit plan assets
58552
155770
Change in miscellaneous deferred debits
-15943921
-1073665
Change in customer advances for construction
141726
-195070
Change in other deferred credits
-1086007
-762818
Net (gain)/loss on disposition of property
4139
1
2
3
4
5
6
Kinder Morgan, Inc.
M
DE
1.00
Kinder Morgan GP LLC
I
DE
0.0242
KM Energy Inc.
I
DE
0.5952
KM Energy LLC
I
DE
0.5952
Kinder Morgan Energy Partners, L.P.
D
DE
1.00
1
2
3
4
5
8219416
328565
27889
4004
7914736
8219416
328565
27889
4004
7914736
328565
27889
4004
7351694
328565
3551
7019578
867722
27889
453
895158
910286
Capitalized Interest - Tax
393762
Capitalized Overhead - Tax
5902079
Contributions in Aid of Construction
7206127
26208420
Federal Income Tax
2755733
State Deferred Income Tax
33541068
Book Depreciation & Amortization
758552
ASC 715 Regulatory Liabilities & OPEB
184921
Other
63448694
362305
AFUDC - Book Capitalized Interest
1513629
AFUDC Equity - Book Capitalized Amount
152845
AFUDC - Regulatory Asset
35320
Environmental Reserve
4268082
Capitalized Overhead - Book
4069429
Equity Investment in Partnership
464505
Deferred Revenue
16909
Amortization of Debt Related Charges
585141
Unearned Revenue
11468165
75910962
Tax Depreciation and Amortization
3117985
Dismantling Costs
2214424
CIAC Expense
81243371
77550015
16285503
21% of Taxable Income
-680482
Return to Provision
15605021
Federal Income Tax - Current
5
6
7
10
11
12
13
14
17
18
19
20
21
22
23
24
25
28
29
30
34
35
36
37
38
39
45859
Shared Service Allocations
867137
912996
6
Other (less than $250,000)
4882
Amortization of consent fees
-16909
Interest on payable to associated companies (market interest rate)
543609
Third party deposit interest (FERC interest rate)
92754
Cashout penalty interest (FERC interest rate)
773
Letter of credit fees
22847
Trustee fees
11000
1
2
4
5
7
8
10
11
13
14
16
17
19
20
22
23
24
25
26
212227
136604
252198
1376735
34372
33408
-29260
532205
1484079
106078
80524
106078
80524
638283
1564603
1858038
-94719
1858038
-94719
2796398
488234
84294650
53841611
84865668
50490865
5749489
270247
1060566
3971184
1270081
8080136
1226037
-9201524
-3109838
-8563241
-1545235
605713
510829
1020822
919527
1166465
664141
3988630
3715163
1367265
767215
1270
76855
176837
221618
236970
6134
15660
22149135
22154560
30602637
29162172
18181
17984
1442316
2127819
1274687
1094115
817038
975028
15787
24269
31570
3592278
4246516
34194915
33408688
34194915
33408688
6821577
6560094
1494073
1383406
2131
2026
10348696
11309013
8596835
4982274
10587149
7973800
3658251
3583383
13020482
2332848
2667550
43855965
46220442
100449301
97702470
861993
841719
905
905
18118791
23655864
4463530
3726619
317664
389500
36832
38008
23799715
28652615
124249016
126355085
7596932
7518842
337365
141947
499566
525490
1106428
900350
428151
417652
708830
711531
5934690
1432574
1435621
1025657
661458
657026
18801796
18217826
18801796
18217826
168682486
176436364
22278
22278
615060
615060
997338
253424
198536
1052226
1634676
253424
198536
1689564
814529
814529
1905843
1905843
5921821
5921821
46245314
45496
120602
46170208
4686041
4686041
2051846
2051846
2348127
2348127
25365024
1525123
93879
64699
26860967
59866139
448688
108806
9335
60215356
10304479
11462
102008
10417949
15121450
92
15121542
3128489
7109
27812
3107786
177759102
2037970
351099
176042
179622015
177759102
2037970
351099
176042
179622015
2841906
2841906
13996148
13996148
47508761
847519
27902
48328378
775191406
12513822
1120104
-67961
786517163
389176436
53252886
14289543
-9335
428130444
107469806
1110734
337975
77405
108319970
23824778
1874639
-71566
21878573
2139505
399755
19114
-249769
2270377
1362148746
68124716
17669277
-321226
1412282959
2946952
38835
2985787
1524593
27045
1551638
8330545
1655622
1274874
8711293
86785
9698
77087
16076205
287003
55550
16418758
223497
223497
1841265
143142
1698123
6524080
63484
793725
5109
5798948
139718
43127
84525
181116
37693640
2071989
2264566
145184
37646247
37693640
2071989
2264566
145184
37646247
1579236164
72488099
20483478
1631240785
1579236164
72488099
20483478
1631240785
69741
88337
285173
443251
170963
216549
699074
1086586
35867
35867
87924
87924
69741
88337
321040
479118
170963
216549
786998
1174510
38919
49310
159188
247417
95406
120879
390233
606518
854
810
33514
33514
82156
82156
819
810
38919
49310
192702
280931
95406
120879
472389
688674
17828
22590
72924
113342
43702
55377
178767
277846
Various
Various
9830
9830
24097
24097
817
812
17828
22590
82754
123172
43702
55377
202864
301943
33915
42970
138722
215607
83139
105337
340063
528539
33915
42970
138722
215607
83139
105337
340063
528539
-20921
-26533
-85661
-133115
-51284
-65044
-209989
-326317
-7477
-7477
-18329
-18329
-20921
-26533
-93138
-140592
-51284
-65044
-228318
-344646
Other Dispositions
Gas due from shippers
20921
26533
93138
140592
51284
65044
228318
344646
182.3/407.3
254/407.4
20921
26533
93138
140592
51284
65044
228318
344646
13
13
63790
99906
272850
436546
199057
311757
851428
1362242
36444
36444
113724
113724
63790
99906
309294
472990
199057
311757
965152
1475966
34346
53810
146927
235083
107177
167914
458486
733577
854
810
35354
35354
110322
110322
819
810
34346
53810
182281
270437
107177
167914
568808
843899
12986
20344
55550
88880
40523
63485
173341
277349
Various
Various
8243
8243
25722
25722
817
812
12986
20344
63793
97123
40523
63485
199063
303071
29517
46245
126270
202032
92108
144308
394025
630441
29517
46245
126270
202032
92108
144308
394025
630441
-13059
-20493
-55897
-89449
-40751
-63950
-174424
-279125
-7153
-7153
-22320
-22320
-13059
-20493
-63050
-96602
-40751
-63950
-196744
-301445
Other Dispositions
Gas due from shippers
13059
20493
63050
96602
40751
63950
196744
301445
182.3/407.3
254/407.4
13059
20493
63050
96602
40751
63950
196744
301445
FERC Form 2 CIG System Map 2026.pdf
1
61914
79101
224895
365910
159707
204041
580117
943865
See Footnote
41428
41428
106864
106864
61914
79101
266323
407338
159707
204041
686981
1050729
43166
55157
156798
255121
111347
142277
404461
658085
854
810
43023
43023
110978
110978
819
810
43166
55157
199821
298144
111347
142277
515439
769063
33169
42383
120486
196038
85560
109327
310793
505680
Various
Various
-177804
-177804
-458645
-458645
817
812
33169
42383
-57318
18234
85560
109327
-147852
47035
33433
42719
121440
197592
86240
110194
313255
509689
33433
42719
121440
197592
86240
110194
313255
509689
-47854
-61158
-173829
-282841
-123440
-157757
-448392
-729589
176209
176209
454531
454531
-47854
-61158
2380
-106632
-123440
-157757
6139
-275058
Other Dispositions
Gas due from shippers
47854
61158
-2380
106632
123440
157757
-6139
275058
182.3/407.3
254/407.4
47854
61158
-2380
106632
123440
157757
-6139
275058
225959634
8996136
234955770
Directly Charged Salaries and Wages
Kinder Morgan, Inc.
Various
33708910
Other Compensation and Benefits
Kinder Morgan, Inc.
Various
4677387
Post-retirement Benefits Other Than Pensions Transfer
Kinder Morgan, Inc.
926
1000000
Shared Services
Kinder Morgan, Inc.
Various
7091690
High Plains Pipeline, Kiowa Lateral and Totem Storage Lease
WYCO Development LLC
Various
65011839
Transportation Agreement
Wyoming Interstate Company, L.L.C.
858
6008097
Contract Storage
Young Gas Storage Company, Ltd.
858
6743679
Construction Overheads
Kinder Morgan, Inc.
Various
4357534
Other, less than $250,000
Kinder Morgan Altamont LLC
824
8218
128607354
Compression Revenues
Cheyenne Plains Gas Pipeline Company, L.L.C.
489.2
951848
Fee-based Usage and Park and Loan Revenues
KM Gas Marketing, L.L.C.
489.2
385513
General, Administrative and Pipeline Services
Young Gas Storage Company, Ltd.
922
499566
Other, less than $250,000
Various
327842
2164769
2
3
4
5
6
7
8
9
10
13
14
15
16
High Plains Pipeline/Kiowa Lateral
Various
Incremental
145905298
56020783
507889
1471306
60724446
Totem Storage
CP08-30
Incremental
118797326
24700545
611607
1549609
26016736
North Raton Lateral
CP09-464
Incremental
90010024
25078281
12394953
124203
24191
1665185
880617
4733133
Spruce Hill Air Blending
CP10-486
Incremental
12445941
11439285
-171333
228227
44451
830144
169855
2101890
367158589
36517566
12223620
81073758
1188138
2495329
4071387
93576205
1
2
3
4
Colorado Interstate Issuing Corporation
Capital Contribution
1000
1000
Subtotal
2007-10-23
1000
1000
WYCO Development LLC
Capital Contribution
134207529
5005481
129202048
Unappropriated Undistributed Subsidiary Earnings
2162897
25302470
25455651
2009716
Subtotal
2010-04-30
136370426
25302470
30461132
131211764
Kiowa Lateral LLC
Capital Contribution
10181509
221593
9959916
Unappropriated Undistributed Subsidiary Earnings
213563
2748045
2733205
228403
Subtotal
2018-07-23
10395072
2748045
2954798
10188319
139162964
33415930
1
2
13
14
15
19
26
27
28
32
39
Deferred Income Tax Rate Adjustment (amortized through October 2048)
24677272
411.1
1037304
23639968
Medicare Subsidy
1355386
1355386
ASC 715 Fund Asset Transfer (New)
4500000
1000000
5500000
ASC 715 Fund Asset Transfer
675000
407.4
300000
375000
Revenue Sharing
1058957
Various
1143762
840159
755354
Cashout Penalties
417
Various
22966
24701
2152
Fuel Tracker
1796964
407.4
2866616
1069652
5370648
2934512
1
2
3
4
5
6
7
Colorado
CO
Fully Owned and Operated by Respondent
2443.4
Kansas
KS
Fully Owned and Operated by Respondent
144.1
Montana
MT
Fully Owned and Operated by Respondent
7.9
Oklahoma
OK
Fully Owned and Operated by Respondent
181.8
Texas
TX
Fully Owned and Operated by Respondent
50.0
Utah
UT
Fully Owned and Operated by Respondent
23.4
Wyoming
WY
Fully Owned and Operated by Respondent
1180.9
Leased - Colorado
CO
Operated but not Owned by Respondent
true
185.1
4031.5
185.1
4216.6
1
2
3
4
5
6
7
8
9
10
11
12
13
2026-01-23
1216237
1216237
1292234
1378077
2670311
8171
2407
10578
1300405
2596721
3897126
1216863
1216863
77876
77876
-3091
-3091
1291648
1291648
42410
87520
129930
Operational Balancing Agreements
-44734
22841
-21893
Park and Loan
13700
13700
11376
110361
121737
2026-01-23
2815766
2815766
3534502
4451517
7986019
47817
12662
60479
3582319
7279945
10862264
2818075
2818075
289988
289988
-3454
-3454
3104609
3104609
23098
46771
69869
Operational Balancing Agreements
-2625
43890
41265
Park and Loan
37237
37237
57710
90661
148371
Totem Storage Expansion
15685969
31585271
CIG Campo Expansion
111349
21388650
AIRREG Project - Compressors Replacements
1066936
1290000
Pipeline Replacements
687730
2143447
Miscellaneous Construction Projects Under $1,000,000
1658366
266245
56673613
1
2
3
4
5
Flank, CO (3 Stations)
Underground Storage Compressor Stations
6
7250
16289930
372403
1056179
127633
PT16780H
5
2025-02-20
Fort Morgan, CO
Underground Storage Compressor Stations
6
6551
30198600
331680
594416
117679
PT14030H
6
2025-12-22
Latigo, CO
Underground Storage Compressor Stations
4
4400
14290408
191005
486001
70535
PT8534H
4
2025-09-14
Totem, CO
Underground Storage Compressor Stations
2
9470
42655446
324739
263210
113169
PT3652H
2
2025-08-01
Boehm, KS
Underground Storage Compressor Stations
2
3100
3062784
147438
130222
50897
PT4600H
2
2025-01-23
Subtotal Underground Storage Compressor Stations
20
30771
106497168
1367265
2530028
479913
PT47596H
19
Cheyenne, CO
Transmission Compressor Stations
7
22630
52808162
1413951
1140833
503052
PT28045H
4
2025-12-16
Ft. Lupton, CO
Transmission Compressor Stations
4
11125
33195846
835998
797989
295874
PT15859H
2
2025-01-06
Greasewood, CO
Transmission Compressor Stations
1
5278
6831633
238
314683
92
PT3H
1
2025-04-08
Kim, CO
Transmission Compressor Stations
2
8900
16795554
189231
Kit Carson, CO
Transmission Compressor Stations
2
10602
53046907
1407202
955455
519489
PT23596H
2
2025-05-21
Springfield, CO
Transmission Compressor Stations
4
5400
9019035
436706
266340
163288
PT17077H
4
2025-02-26
Trinidad, CO
Transmission Compressor Stations
1
4860
12001854
203333
Watkins, CO
Transmission Compressor Stations
4
10800
85246011
1389982
2748783
466161
PT11448H
4
2025-02-19
Lakin, KS
Transmission Compressor Stations
6
7200
18255029
32214
367343
12497
PT1230H
5
2025-05-14
Morton County, KS
Transmission Compressor Stations
6
7980
11542475
25823
1460412
6742
PT585H
1
2025-01-07
Beaver, OK
Transmission Compressor Stations
4
5075
11632479
298099
712386
106486
PT18664H
3
2025-02-18
Keyes, OK
Transmission Compressor Stations
5
10100
13259065
133693
814035
47137
PT5271H
2
2025-06-16
Mocane, OK
Transmission Compressor Stations
9
16900
18070913
1502500
1199634
534668
PT46009H
6
2025-07-14
Bridger Creek, WY
Transmission Compressor Stations
2
1155
2167695
52682
Elk Basin, WY
Transmission Compressor Stations
2
5800
10378333
506672
464204
183084
PT9571H
2
2025-10-06
King, WY
Transmission Compressor Stations
3
3300
6511840
2081
52650
703
PT154H
1
2025-05-24
Laramie, WY
Transmission Compressor Stations
4
15000
15664399
1452
213240
423
Lost Cabin, WY
Transmission Compressor Stations
3
2400
6782614
217287
273921
78221
PT17268H
3
2025-12-10
Muddy Gap, WY
Transmission Compressor Stations
2
10556
24790487
270998
Oregon Basin, WY
Transmission Compressor Stations
2
768
1955387
2927
31035
1070
PT66H
1
2025-01-08
Rawlins, WY
Transmission Compressor Stations
5
8500
21115377
520831
Table Rock, WY
Transmission Compressor Stations
2
1200
1276009
63606
134671
22786
PT8320H
2
2025-12-10
Wamsutter, WY
Transmission Compressor Stations
4
15320
14332985
249090
391200
86125
PT2016H
1
2025-01-01
Subtotal Transmission Compressor Stations
84
190849
446680089
8519521
13575889
3027898
PT205178H
44
553177257
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
<div><!--?xml version="1.0" encoding="utf-8" standalone="no"?-->
<div>
<div class="Section_1"> </div>
<div class="Section_1">
<p style="margin-top: 0pt; margin-left: 18.35pt; margin-bottom: 0pt; text-indent: -18.35pt; text-align: justify; font-size: 16pt; -aw-import: list-item; -aw-list-level-number: 0; -aw-list-number-format: '%0.'; -aw-list-number-styles: 'decimal'; -aw-list-number-values: '1'; -aw-list-padding-sml: 5.01pt;"><font style="-aw-import: ignore;"><font style="font-family: Arial; font-weight: bold;"> </font></font></p>
<p style="margin-top: 0pt; margin-left: 18.35pt; margin-bottom: 0pt; text-indent: -18.35pt; text-align: justify; font-size: 16pt; -aw-import: list-item; -aw-list-level-number: 0; -aw-list-number-format: '%0.'; -aw-list-number-styles: 'decimal'; -aw-list-number-values: '1'; -aw-list-padding-sml: 5.01pt;"><font style="-aw-import: ignore;"><font style="font-family: Arial; font-weight: bold;">1.</font><font style="width: 5.01pt; font: 7pt 'Times New Roman'; display: inline-block; -aw-import: spaces;">   </font></font><font style="font-family: Arial; font-weight: bold;">General</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We are a Delaware limited liability company, originally formed in 1927 as a corporation. When we refer to "us," "we," "our," "the Company," or "CIG," we are describing Colorado Interstate Gas Company, L.L.C. We are an indirect wholly owned subsidiary of Kinder Morgan, Inc. (KMI). References to KMI are inclusive of Kinder Morgan Inc. and its consolidated subsidiaries.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We own a pipeline system which consists of approximately 4,305 miles of pipeline with a design capacity of approximately 6.0 billion cubic feet (Bcf) per day. We deliver natural gas from production areas in the Rocky Mountains and the Anadarko Basin directly to customers in Colorado and Wyoming and indirectly to the Midwest, Southwest, California, and the Pacific Northwest. Along our pipeline system, we own or have interests in five storage facilities in Colorado and Kansas with a combined underground working natural gas storage capacity of approximately 38 Bcf, including approximately 7 Bcf of storage capacity from the Totem storage facility (Totem), which is owned by WYCO Development LLC (WYCO), a joint venture in which we have a 50% ownership interest. WYCO also owns the High Plains pipeline (High Plains). We also have a 50% ownership interest in Kiowa Lateral LLC (KLCo), the owner of a natural gas transportation pipeline in Weld County, Colorado (Kiowa Lateral), which is leased by WYCO. Under long-term agreements with WYCO, we operate Totem, High Plains, and the Kiowa Lateral, which combined, represent approximately 1.4 Bcf per day of our overall transportation capacity.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2. Summary of Significant Accounting Policies</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Basis of Presentation</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We have prepared our accompanying financial statements in accordance with the accounting requirements of the Federal Energy Regulatory Commission (FERC) as set forth in its applicable Uniform System of Accounts and published accounting releases, which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America (GAAP).</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The most significant differences between GAAP and the financial statements presented herein are: (i) the deferral of certain costs and revenues, (ii) the classification of certain accounts on the balance sheet and statement of income, (iii) subsidiaries are reflected on the equity method whereas GAAP requires that all controlled subsidiaries be consolidated, and (iv) the inclusion and classification of income taxes in a limited liability company's financial statements.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Management has evaluated subsequent events through March 26, 2026, the date the financial statements were available to be issued.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Use of Estimates</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Certain amounts included in or affecting our financial statements and related disclosures must be estimated, requiring us to make certain assumptions with respect to values or conditions which cannot be known with certainty at the time our financial statements are prepared. These estimates and assumptions affect the amounts we report for assets and liabilities, our revenues and expenses during the reporting period, and our disclosures, including those related to contingent assets and liabilities at the date of our financial statements. We evaluate these estimates on an ongoing basis, utilizing historical experience, consultation with experts, and other methods we consider reasonable in the particular circumstances. Nevertheless, actual results may differ significantly from our estimates. Any effects on our business, financial position, or results of operations resulting from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Certain accounting policies are of more significance in our financial statement preparation process than others, and set out below are the principal accounting policies we apply in the preparation of our financial statements.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Cash Equivalents</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We define cash equivalents as all highly liquid short-term investments with original maturities of three months or less.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Allowance for Credit Losses</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We evaluate our financial assets measured at amortized cost and off-balance sheet credit exposures for expected credit losses over the contractual term of the asset or exposure. We consider available information relevant to assessing the collectability of cash flows including the expected risk of credit loss even if that risk is remote. We measure expected credit losses on a collective (pool) basis when similar risk characteristics exist and we reflect the expected credit losses on the amortized cost basis of the financial asset as of the reporting date.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Our financial instruments primarily consist of our accounts receivable from customers 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: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Inventories</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Our inventories, which consist primarily of materials and supplies, are valued at weighted-average cost, and we periodically review for physical deterioration and obsolescence.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Natural Gas Imbalances</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Natural gas imbalances occur when the amount of natural gas delivered from or received by a pipeline system or storage facility differs from the scheduled amount of gas to be delivered or received. We value these imbalances due to or from our shippers and operators at 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Property, Plant, and Equipment</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Our property, plant, and equipment is recorded at its original cost of construction or, upon acquisition, at either the fair value of the assets acquired or the cost to the entity that first placed the asset in utility service. We record capital lease assets at the present value of the future minimum lease payments. For constructed assets, we capitalize all construction-related direct labor and material costs, as well as indirect construction costs. Our indirect construction costs primarily include an interest and equity return component (as more fully described below) and labor and related costs associated with supporting construction activities. The indirect capitalized labor and related costs are based upon estimates of time spent supporting construction projects. We expense costs for routine maintenance and repairs in the period incurred.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We use the composite method to depreciate property, plant, and equipment. Under this method, assets with similar economic characteristics are grouped and depreciated as one asset. The FERC-accepted depreciation rate is applied to the total cost of the group until the net book value equals the salvage value. For certain general plant, the asset is depreciated to zero. As part of periodic filings with the FERC, we also re-evaluate and receive approval for our depreciation rates. When property, plant, and equipment is retired, accumulated depreciation and amortization is charged for the original cost of the assets in addition to the cost to remove, sell, or dispose of the assets, less salvage value. We do not recognize gains or losses unless we sell land or an entire operating unit (as approved by the FERC). </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Included in our property balances are base gas and working gas at our storage facilities. We periodically evaluate natural gas volumes at our storage facilities for gas losses. When events or circumstances indicate a loss has occurred, we recognize a loss on our income statements or defer the loss as a regulatory asset on our balance sheets if deemed probable of recovery through future rates charged to customers.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We capitalize a carrying cost (an allowance for funds used during construction or AFUDC) on debt and equity funds related to the construction of long-lived assets. This carrying cost consists of a return on the investment financed by debt and a return on the investment financed by equity. The debt portion is calculated based on our average cost of debt. Interest costs capitalized are included as a reduction to interest charges in Account 432 "Allowance for Borrowed Funds Used During Construction - Credit" on our income statements. The equity portion is calculated based on our most recent FERC approved rate of return. Equity amounts capitalized are included in Account 419.1 "Allowance for Other Funds Used During Construction" on our income statements.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Asset Retirement Obligations (ARO)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We record liabilities for obligations related to the retirement and removal of long-lived assets used in our business. We record, as liabilities, the fair value of ARO on a discounted basis when they are incurred and can be reasonably estimated, which is typically at the time the assets are installed or acquired. Amounts recorded for the related assets are increased by the amount of these obligations. Over time, the liabilities increase due to the change in their present value, and the initial capitalized costs are depreciated over the useful lives of the related assets. The liabilities are eventually extinguished when the asset is taken out of service.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We are required to operate and maintain our natural gas pipelines and storage systems, and intend to do so as long as demand for our services 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. </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Long-lived Asset and Investment Impairments</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We evaluate our long-lived assets for impairment when events or changes in circumstances indicate that the carrying values may not be recoverable through the regulatory process, and evaluate our investments for other-than-temporary impairment. These events include changes in the manner in which we intend to use a long-lived asset, decisions to sell an asset or investment, and adverse changes in market conditions or in the legal or business environment such as adverse actions by regulators. If an event occurs and if an impairment is indicated, or if we decide to sell a long-lived asset or group of assets, we adjust the carrying value of the asset downward, if necessary, and upon regulatory approval, to its estimated fair value.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">There were no impairments for the years ended December 31, 2025 and 2024.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Equity Method of Accounting</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We use the equity method of accounting for investments in subsidiaries. Under this method, our equity investments are carried originally at our acquisition cost, increased by our proportionate share of the investee's net income and by contributions made, and decreased by our proportionate share of the investee's net losses and by distributions received.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We segregate each class of revenue by account pursuant to the FERC's guidance under Code of Federal Regulations Title 18, Part 201.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Revenue from Contracts with Customers. </font><font style="font-family: Arial;">We recognize revenue when control of the promised goods or services is transferred to customers and in an amount that reflects the consideration we expect to receive for those goods or services. Review of our contracts with customers may involve management judgment and an analysis of the contract’s material terms.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Our revenues are primarily generated from the transportation and storage of natural gas under firm and/or fee-based service contracts and natural gas liquids (NGL) sales contracts. The natural gas we receive under our services contracts remains under the control of our customers. Revenues are generally invoiced on a monthly basis.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Under our firm service contracts, customers are generally subject to a fixed take-or-pay reservation fee for services. Our performance obligation is a promise to stand ready to provide continuous service availability, with limited exceptions, over the contractual service period (a single performance obligation). Because we make the service continuously available over the service period, even if the service is not used or received, we recognize the take-or-pay fixed fee as revenue ratably over the contractual service period based on the passage of time, as the service period expires.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Under our fee-based service contracts, customers receive non-firm or interruptible services, on an “as available” basis. Upon acceptance of a customer’s periodic service request, our performance obligation is a promise to provide a series of periodic services over the contractual service period (a single performance obligation). The transaction price is variable, typically a fee-based per unit rate based on our invoicing right for units of service transferred, and is allocated to a single performance obligation of providing services over the contractual service period. We recognize revenue as each unit of service </font><font style="font-family: Arial;">is transferred to the customer in the specified service period.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">NGL Sales Contracts. </font><font style="font-family: arial, helvetica, sans-serif;">Our NGL sales contracts typically include a specified quantity of NGL to be delivered and sold to the customer at a specified delivery point. Generally, under these contracts, each unit of commodity sold is a separate performance obligation, and the transaction price is variable, typically based on a market-indexed per unit rate, for the value of commodity sold. The transaction price is allocated to each performance obligation based on the standalone selling price of commodity sold. Revenue is recognized upon delivery of the commodity and generally accounted for on a gross basis with the related cost reported in Operation Expenses and Maintenance Expenses in our income statements.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic; -aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Contract Balances. </font><font style="font-family: Arial;">Contract assets and contract liabilities are the result of timing differences between revenue recognition, billings, and cash collections. </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Major Customers. </font><font style="font-family: Arial;">For each of the years ended December 31, 2025 and 2024, revenues from our two largest customers were approximately $135 million and $33 million, respectively, each of which exceeded 10% of our operating revenues. </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Legal Proceedings</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We are party to various legal, regulatory, and other matters arising from the day-to-day operations of our business that may result in claims against the Company. Although no assurance can be given, we believe, based on our experiences to date and taking into account accrued liabilities and insurance, 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Environmental Matters</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We capitalize certain environmental expenditures required to obtain rights-of-way, regulatory approvals, or permitting as part of the construction of facilities we use in our business operations. We accrue and expense environmental costs that relate to an existing condition caused by past operations which do not contribute to current or future revenue generation. We generally do not discount environmental liabilities to a net present value, and we record environmental liabilities when environmental assessments and/or remedial efforts are probable and we can reasonably estimate the costs, such as after the completion of a feasibility study or commitment to a formal plan of action. We recognize receivables for anticipated associated insurance recoveries when such recoveries are deemed to be probable.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We routinely conduct reviews of potential environmental issues and claims that assist us in identifying environmental issues and estimating the costs and timing of remediation efforts. We also routinely adjust our environmental liabilities to reflect changes in previous estimates. In making environmental liability estimations, we consider the material effect of environmental compliance, pending legal actions against us, and potential third-party liability claims we may have against others. Often, as the remediation evaluation and effort progresses, additional information is obtained, requiring revisions to estimated costs.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We are subject to environmental cleanup and enforcement actions from time to time. In particular, the Comprehensive Environmental Response, Compensation and Liability Act generally imposes joint and several liability for cleanup and enforcement costs on current and predecessor owners and operators of a site, among others, without regard to fault or the legality of the original conduct, subject to the right of a liable party to establish a "reasonable basis" for apportionment of costs. Our operations are also subject to federal, state, and local laws and regulations relating to protection of the environment. Although we believe our operations are in substantial compliance with applicable environmental laws and regulations, risks of additional costs and liabilities are inherent in our operations, and there can be no assurance that we will not incur significant costs and liabilities. Moreover, it is possible that other developments could result in substantial costs and liabilities to us, such as increasingly stringent environmental laws, regulations, and enforcement policies under the terms of authority of those laws, and claims for damages to property or persons resulting from our operations. 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. As of both December 31, 2025 and 2024, we had approximately $1 million accrued for our environmental matters.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Postretirement Benefits</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We participate in KMI's postretirement benefit plan covering certain of our former employees that we have made contributions to in the past. These contributions are invested until the benefits are paid to plan participants. The net benefit cost (credit) of this plan is recorded on our income statements and is a function of many factors including expected returns on plan assets and amortization of certain deferred gains and losses. Refer to Note 6 for further information.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">In accounting for our postretirement benefit plan, we record an asset or liability based on the difference between the fair value of the plan's assets and the plan's benefit obligation. Any deferred amounts related to unrecognized gains and losses or changes in actuarial assumptions are recorded on our balance sheets in Account 219 "Accumulated Other Comprehensive Income" (AOCI) until those gains or losses are recognized on our income statements.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Regulatory Assets and Liabilities</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Regulatory assets and liabilities represent probable future revenues or expenses associated with certain charges and credits that are expected to be recovered from or returned to customers through the ratemaking process. Refer to Note 8 for further information.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We are a limited liability company and are not subject to federal or state income taxes; however, all of our activities are included in the tax returns of 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We record current income taxes based on our taxable income and we provide for deferred income taxes to reflect estimated future tax payments and receipts. Deferred taxes represent the tax impacts of differences between the financial statement and tax bases of assets and liabilities and carryovers at each year end. We 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 7. Beginning with this FERC Form No. 2, we adopted Accounting Standards Update (ASU) No. 2023-09, "<em>Income Taxes (Topic 740): Improvements to Income Tax Disclosures,</em>" and the effects of our early adoption are reflected for all periods below.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The following table reflects the components of income tax expense included in net income (in millions):</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
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<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>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2025</font></p>
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<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>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Current:</font></p>
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<p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Federal</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">16</font></p>
</td>
<td style="width: 4.25pt; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; 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: 128.15pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">18</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 488.35pt; border: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<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: 145.55pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">3</font></p>
</td>
<td style="width: 143.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">3</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 488.35pt; border: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 145.55pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">19</font></p>
</td>
<td style="width: 143.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">21</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 487.35pt; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 144.55pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 143.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 488.35pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Deferred:</font></p>
</td>
<td style="width: 145.55pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 143.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial; -aw-import: spaces;">  </font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 488.35pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<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: 145.55pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">11</font></p>
</td>
<td style="width: 143.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">8</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 488.35pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<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: 145.55pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2</font></p>
</td>
<td style="width: 143.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" 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: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 488.35pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 145.55pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">13</font></p>
</td>
<td style="width: 143.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">8</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 488.35pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<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: 14.05pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; 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: 120.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">32</font></p>
</td>
<td style="width: 4.25pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; 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: 128.15pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">29</font></p>
</td>
</tr>
</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The differences between our actual income tax expense and the amount computed by applying the statutory federal income tax rate of 21% are summarized as follows (in millions):</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font><font style="-aw-import: ignore;">  </font></p>
<table class="MsoNormalTable" style="margin-left: -0.4pt; border-collapse: collapse; height: 162px;" border="0" cellspacing="0" cellpadding="0">
<tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes; height: 27.35pt;">
<td style="width: 692px; border: 1pt solid windowtext; padding: 0in 4.4pt 0in 5.65pt; height: 27px;"> </td>
<td style="width: 740.422px; border-top: 1pt solid black; border-right: 1pt solid black; border-bottom: 1pt solid black; border-image: initial; border-left: none; padding: 0in 4.4pt 0in 5.65pt; height: 27px;" colspan="8">
<p class="MsoNormal" style="text-align: center;" align="center"><strong><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">Year Ended December 31,</font></strong></p>
</td>
</tr>
<tr style="mso-yfti-irow: 1; height: 27.35pt;">
<td style="width: 692px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; border-top: none; padding: 0in 4.4pt 0in 5.65pt; height: 27px;"> </td>
<td style="width: 355.516px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid black; padding: 0in 4.4pt 0in 5.65pt; height: 27px;" colspan="4">
<p class="MsoNormal" style="text-align: center;" align="center"><strong><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">2025</font></strong></p>
</td>
<td style="width: 370.516px; border-top: none; border-left: none; border-bottom: 4.5pt solid windowtext; border-right: 1pt solid black; padding: 0in 4.4pt 0in 5.65pt; height: 27px;" colspan="4">
<p class="MsoNormal" style="text-align: center;" align="center"><strong><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">2024</font></strong></p>
</td>
</tr>
<tr style="mso-yfti-irow: 2; height: 27.35pt;">
<td style="width: 693.672px; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none; padding: 0in 4.4pt; height: 27px;">
<p class="MsoNormal" style="margin-right: 3.75pt;"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">Income tax expense at the statutory federal rate</font></p>
</td>
<td style="width: 26px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 5.65pt; height: 27px;">
<p class="MsoNormal"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">$</font></p>
</td>
<td style="width: 121px; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 4.4pt 0in 5.65pt; height: 27px;">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">28 </font></p>
</td>
<td style="width: 42px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 5.65pt; height: 27px;"> </td>
<td style="width: 122px; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 4.4pt 0in 5.65pt; height: 27px;">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">21.0%</font></p>
</td>
<td style="width: 63px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 5.65pt; height: 27px;">
<p class="MsoNormal"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">$</font></p>
</td>
<td style="width: 103px; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 4.4pt 0in 5.65pt; height: 27px;">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">27</font></p>
</td>
<td style="width: 39px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 5.65pt; height: 27px;"> </td>
<td style="width: 121px; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 4.4pt 0in 5.65pt; height: 27px;">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">21.0%</font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 3; height: 27.35pt;">
<td style="width: 693.672px; border-top: none; border-left: 1pt solid black; border-bottom: 1.5pt solid windowtext; border-right: 1pt solid black; padding: 0in 4.4pt; height: 27px;">
<p class="MsoNormal" style="margin-right: 3.75pt;"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">State income tax, net of federal income tax benefit <sup>(1)</sup></font></p>
</td>
<td style="width: 26px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 5.65pt; height: 27px;"> </td>
<td style="width: 121px; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 4.4pt 0in 5.65pt; height: 27px;">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">5</font></p>
</td>
<td style="width: 42px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 5.65pt; height: 27px;"> </td>
<td style="width: 122px; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 4.4pt 0in 5.65pt; height: 27px;">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">3.7%</font></p>
</td>
<td style="width: 63px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 5.65pt; height: 27px;"> </td>
<td style="width: 103px; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 4.4pt 0in 5.65pt; height: 27px;">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">3</font></p>
</td>
<td style="width: 39px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 5.65pt; height: 27px;"> </td>
<td style="width: 121px; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 4.4pt 0in 5.65pt; height: 27px;">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">2.0%</font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 4; height: 27.35pt;">
<td style="width: 693.672px; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none; padding: 0in 4.4pt; height: 27px;">
<p class="MsoNormal" style="margin-right: 3.75pt;"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">Regulatory liability amortization</font></p>
</td>
<td style="width: 26px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 5px solid windowtext; padding: 0in 5.65pt; height: 27px;">
<p class="MsoNormal"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;"> </font></p>
</td>
<td style="width: 121px; border-top: none; border-left: none; border-bottom: 5px solid windowtext; border-right: 1pt solid black; padding: 0in 4.4pt 0in 5.65pt; height: 27px;">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">(1)</font></p>
</td>
<td style="width: 42px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 5px solid windowtext; padding: 0in 5.65pt; height: 27px;">
<p class="MsoNormal"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;"> </font></p>
</td>
<td style="width: 122px; border-top: none; border-left: none; border-bottom: 5px solid windowtext; border-right: 1pt solid black; padding: 0in 4.4pt 0in 5.65pt; height: 27px;">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">-0.6%</font></p>
</td>
<td style="width: 63px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 5px solid windowtext; padding: 0in 5.65pt; height: 27px;">
<p class="MsoNormal"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;"> </font></p>
</td>
<td style="width: 103px; border-top: none; border-left: none; border-bottom: 5px solid windowtext; border-right: 1pt solid black; padding: 0in 4.4pt 0in 5.65pt; height: 27px;">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">(1)</font></p>
</td>
<td style="width: 39px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 5px solid windowtext; padding: 0in 5.65pt; height: 27px;">
<p class="MsoNormal"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;"> </font></p>
</td>
<td style="width: 121px; border-top: none; border-left: none; border-bottom: 5px solid windowtext; border-right: 1pt solid black; padding: 0in 4.4pt 0in 5.65pt; height: 27px;">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">-0.6%</font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 6; mso-yfti-lastrow: yes; height: 27.35pt;">
<td style="width: 693.672px; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none; padding: 0in 4.4pt; height: 27px;">
<p class="MsoNormal" style="margin-right: 3.75pt;"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">     Total </font></p>
</td>
<td style="width: 26px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 4.5pt solid black; padding: 0in 5.65pt; height: 27px;">
<p class="MsoNormal"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">$</font></p>
</td>
<td style="width: 121px; border-top: none; border-left: none; border-bottom: 4.5pt solid black; border-right: 1pt solid black; padding: 0in 4.4pt 0in 5.65pt; height: 27px;">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">32</font></p>
</td>
<td style="width: 42px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 4.5pt solid black; padding: 0in 5.65pt; height: 27px;"> </td>
<td style="width: 122px; border-top: none; border-left: none; border-bottom: 4.5pt solid black; border-right: 1pt solid black; padding: 0in 4.4pt 0in 5.65pt; height: 27px;">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">24.1%</font></p>
</td>
<td style="width: 63px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 4.5pt solid black; padding: 0in 5.65pt; height: 27px;">
<p class="MsoNormal"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">$</font></p>
</td>
<td style="width: 103px; border-top: none; border-left: none; border-bottom: 4.5pt solid black; border-right: 1pt solid black; padding: 0in 4.4pt 0in 5.65pt; height: 27px;">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">29</font></p>
</td>
<td style="width: 39px; border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 4.5pt solid black; padding: 0in 5.65pt; height: 27px;"> </td>
<td style="width: 121px; border-top: none; border-left: none; border-bottom: 4.5pt solid black; border-right: 1pt solid black; padding: 0in 4.4pt 0in 5.65pt; height: 27px;">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; line-height: 107%; font-family: Arial, sans-serif;">22.4%</font></p>
</td>
</tr>
</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;"> </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-size: 16.0pt; line-height: 107%; font-family: 'Arial',sans-serif;"><font style="font-size: 12pt;">(1) State taxes in Colorado made up the majority (greater than 50%) of the tax effect in this category for 2025 and 2024.</font> </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;"> </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The following are the components of our net deferred tax liability (in millions):</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 13.5pt;"><font style="-aw-import: ignore;">  </font></p>
<table style="border-collapse: collapse;" cellspacing="0" cellpadding="0">
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 485.2pt; border-right: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 300.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 485.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 143.2pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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;">2025</font></p>
</td>
<td style="width: 147.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 486.2pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<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: 143.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 147.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 486.2pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<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: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; 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: 116.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">115</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; 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: 120.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">103</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 486.2pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Equity investment</font></p>
</td>
<td style="width: 143.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">52</font></p>
</td>
<td style="width: 147.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">50</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 486.2pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Other</font></p>
</td>
<td style="width: 143.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">5</font></p>
</td>
<td style="width: 147.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">5</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 486.2pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Total deferred tax liabilities</font></p>
</td>
<td style="width: 143.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">172</font></p>
</td>
<td style="width: 147.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">158</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 485.2pt; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 142.2pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 147.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 486.2pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<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: 143.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 147.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 486.2pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Regulatory liabilities</font></p>
</td>
<td style="width: 143.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">6</font></p>
</td>
<td style="width: 147.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">6</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 486.2pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 21.6pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Other</font></p>
</td>
<td style="width: 143.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2</font></p>
</td>
<td style="width: 147.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 486.2pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Total deferred tax assets</font></p>
</td>
<td style="width: 143.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">8</font></p>
</td>
<td style="width: 147.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">8</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 486.2pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Net deferred tax liability</font></p>
</td>
<td style="width: 16.2pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; 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: 116.2pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">164</font></p>
</td>
<td style="width: 17.2pt; border-top: 4.5pt solid #000000; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 3.9pt; 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: 120.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">150</font></p>
</td>
</tr>
</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold; font-size: 16pt;">4. Utility Plant</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Our net utility plant consisted of the following (in millions):</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<table style="border-collapse: collapse;" cellspacing="0" cellpadding="0">
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 359.85pt; border-right: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 6pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 179.85pt; border-top: 1pt solid #000000; border-right: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 6pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Annual Depreciation</font></p>
</td>
<td style="width: 254.85pt; border-top: 1pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 6pt; 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: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 359.85pt; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 6pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 179.85pt; border-right: 0.75pt solid #000000; border-bottom: 3pt solid #000000; padding-right: 5.03pt; padding-left: 6pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Rates (%)</font></p>
</td>
<td style="width: 115.35pt; border-top: 1pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 3pt solid #000000; padding-right: 5.03pt; padding-left: 6pt; 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;">2025</font></p>
</td>
<td style="width: 128.35pt; border-top: 1pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 6pt; 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>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 360.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Transmission and storage facilities</font></p>
</td>
<td style="width: 180.2pt; border-top: 3pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">1.95 – 6.67</font></p>
</td>
<td style="width: 8.9pt; border-top: 3pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 6pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 95.3pt; border-top: 3pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 6pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1,585</font></p>
</td>
<td style="width: 19.45pt; border-top: 3pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 6pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 97.75pt; border-top: 3pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 6pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1,534</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 360.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">General plant</font></p>
</td>
<td style="width: 180.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">3.0 - 25.0</font></p>
</td>
<td style="width: 115.7pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">38</font></p>
</td>
<td style="width: 128.7pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">38</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 360.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Intangible plant</font></p>
</td>
<td style="width: 180.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">10.0 – 23.0</font></p>
</td>
<td style="width: 115.7pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2</font></p>
</td>
<td style="width: 128.7pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 360.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Transmission and storage plant – leased</font></p>
</td>
<td style="width: 180.35pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.75pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 116pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.75pt; padding-left: 4.75pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">265</font></p>
</td>
<td style="width: 129pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.75pt; padding-left: 4.75pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">274</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 360.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Accumulated depreciation and amortization</font><font style="font-family: Arial; font-size: 10.67pt; vertical-align: super;"> (1)</font></p>
</td>
<td style="width: 180.35pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.75pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 116pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.75pt; padding-left: 4.75pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(832)</font></p>
</td>
<td style="width: 129pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.75pt; padding-left: 4.75pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(822)</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 360.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 180.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 8.9pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 6pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 95.3pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 6pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1,058</font></p>
</td>
<td style="width: 19.45pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 6pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 97.75pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 6pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1,026</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 360.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Land</font></p>
</td>
<td style="width: 180.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 115.7pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">6</font></p>
</td>
<td style="width: 128.7pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">6</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 360.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Construction work in progress</font></p>
</td>
<td style="width: 180.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 115.7pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">19</font></p>
</td>
<td style="width: 128.7pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">50</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 360.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Net utility plant</font></p>
</td>
<td style="width: 180.2pt; border: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 8.9pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 6pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 95.3pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 6pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1,083</font></p>
</td>
<td style="width: 19.45pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 6pt; padding-left: 5.03pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 97.75pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.03pt; padding-left: 6pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1,082</font></p>
</td>
</tr>
</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-indent: -36pt;"><font style="font-family: Arial;">(1)</font> <font style="font-family: Arial;">The composite weighted average depreciation rate</font><font style="font-family: Arial;"> for the years ended December 31, 2025 and 2024 was 2.09% and 2.08%, respectively.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">5. Debt</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The following table summarizes the net carrying value of our outstanding debt (in millions):</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<table style="border-collapse: collapse; height: 260px;" cellspacing="0" cellpadding="0">
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 732.531px; border-right: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom; height: 30px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 349.297px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom; height: 30px;" 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: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 732.531px; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom; height: 38px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 160.984px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom; height: 38px;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2025</font></p>
</td>
<td style="width: 174.594px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom; height: 38px;" 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>
</tr>
<tr style="height: 30px; -aw-height-rule: exactly; margin-left: 0.1px;">
<td style="font-family: Arial; height: 10px; width: 745.25px; border: 1pt solid #000000;">
<p style="font-family: Arial;"><font style="font-family: Arial; font-size: 16pt;"> Senior Notes, 4.15%, due August 2026 <sup>(a)</sup></font></p>
</td>
<td style="width: 20px; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom; height: 10px; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 124.922px; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">375</font></p>
</td>
<td style="width: 21.5938px; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 136.938px; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">375</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 734.875px; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom; height: 30px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Senior Debentures, 6.85%, due June 2037</font></p>
</td>
<td style="width: 160.984px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom; height: 30px;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">100</font></p>
</td>
<td style="width: 174.594px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom; height: 30px;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">100</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 734.875px; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom; height: 30px;">
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Total long-term debt</font></p>
</td>
<td style="width: 160.984px; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom; height: 30px;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">475</font></p>
</td>
<td style="width: 174.594px; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom; height: 30px;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">475</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 734.875px; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom; height: 30px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Capital Lease</font></p>
</td>
<td style="width: 160.984px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom; height: 30px;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">265</font></p>
</td>
<td style="width: 174.594px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom; height: 30px;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">274</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 734.875px; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom; height: 30px;">
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Total debt and capital lease obligation</font></p>
</td>
<td style="width: 160.984px; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom; height: 30px;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">740</font></p>
</td>
<td style="width: 174.594px; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom; height: 30px;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">749</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 734.875px; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom; height: 30px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Less: Current portion of debt and capital lease obligation</font></p>
</td>
<td style="width: 160.984px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom; height: 30px;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">385</font></p>
</td>
<td style="width: 174.594px; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom; height: 30px;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">10</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 734.875px; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom; height: 32px;">
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Total debt and capital lease obligation, less current maturities</font></p>
</td>
<td style="width: 20px; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; 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: 124.922px; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom; height: 32px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">355</font></p>
</td>
<td style="width: 21.5938px; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; 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: 136.938px; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom; height: 32px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">739</font></p>
</td>
</tr>
</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-size: 12pt;">(a) We do not expect to have sufficient cash flows from operations to retire this debt obligation when it comes due in 2026. We intend to satisfy this debt obligation through issuance of bank or bond debt, issuance of notes to our Member, capital contributions from our Member, or a combination of these options. </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-size: 12pt;"> </font></p>
<p style="margin-top: 0pt; 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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Debt Covenants</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Under our various financing documents, we are subject to certain restrictions and covenants. The most restrictive of these include limitations on the incurrence of liens and limitations on sale-leaseback transactions. For the years ended December 31, 2025 and 2024, we were in compliance with our debt-related covenants.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Capital Lease Obligation</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We have entered into a capital lease with WYCO for the High Plains, Totem, and Kiowa Lateral facilities. We reflect the present value of the future minimum lease payments related to this capital lease in Account 227 "Obligations Under Capital Leases - NonCurrent" and Account 243 "Obligations Under Capital Leases-Current" on our balance sheets.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Future minimum annual lease payments under the capital lease as of December 31, 2025 are as follows (in millions): </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<table style="border-collapse: collapse;" cellspacing="0" cellpadding="0">
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 548.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Year</font></p>
</td>
<td style="width: 120.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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;">Commitments</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 548.5pt; border-right: 0.75pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.22pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">2026</font></p>
</td>
<td style="width: 16.5pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.65pt; padding-left: 4.72pt; 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: 93.5pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.22pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">51</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 548.5pt; border-right: 0.75pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.22pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">2027</font></p>
</td>
<td style="width: 120.8pt; border: 0.75pt solid #000000; padding-right: 4.22pt; padding-left: 4.72pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">50</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 548.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">2028</font></p>
</td>
<td style="width: 120.7pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">48</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 548.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">2029</font></p>
</td>
<td style="width: 120.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">46</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 548.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">2030</font></p>
</td>
<td style="width: 120.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">45</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 548.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Thereafter</font></p>
</td>
<td style="width: 120.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">597</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 548.7pt; border: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Total minimum lease payments </font><font style="font-family: Arial; font-size: 10.67pt; vertical-align: super;">(1)</font></p>
</td>
<td style="width: 120.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">837</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 548.7pt; border: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Less: Amount representing interest component</font></p>
</td>
<td style="width: 120.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">572</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 548.7pt; border: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Present value of net minimum lease payments</font></p>
</td>
<td style="width: 16.2pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; 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: 93.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">265</font></p>
</td>
</tr>
</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: Arial;">(1) Pursuant to the FERC's accounting treatment for all leases, including capital leases, the entire lease cost is expensed as paid each month to Accounts 826 and 860 "Rents." In addition, an amount representative of the equivalent FERC-allowed depreciation is reflected as a periodic reduction to both the capital lease assets in Account 101.1 "Property Under Capital Leases" and the related obligation in Accounts 227/243 "Obligations Under Capital Leases NonCurrent/Current."</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"> </p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"><em><font style="font-family: arial, helvetica, sans-serif;">Subsequent Event</font></em></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"><font style="font-family: arial, helvetica, sans-serif;">In February 2026, our Totem Storage Expansion Project (Totem Expansion) was placed in service, and as a result, our capital lease obligation will increase by the net present value of the additional future minimum lease payments related to these assets. Refer to Note 7 "Related Party Transactions - <em>Totem Expansion</em>" for further information.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">6. Retirement Benefits</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">KMI maintains a pension plan and a retirement savings plan covering substantially all of its U.S. employees, including certain of our former employees. KMI is responsible for benefits accrued under its plans and allocates certain costs based on a benefit allocation rate applied on payroll charged to its affiliates.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We also provide postretirement benefits, including medical benefits for a closed group of retirees. Our postretirement benefit plan costs were prefunded and were recoverable under prior rate case settlements. There is no cost recovery or related funding that is required as part of our current FERC approved rates; however, we can seek to recover any funding shortfall that may be required in the future. There were no contributions made in 2025 and 2024, and we do not expect to make any contributions to our postretirement benefit plan in 2026.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </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, 2025 and 2024, our postretirement benefit plan net assets were $16 million and $15 million, respectively, and included in Account 128 "Other Special Funds" on our balance sheets, which is net of our postretirement benefit obligation of $1 million as of each balance sheet date.</font> <font style="font-family: Arial;">Our postretirement benefit plan net benefit credit for each of the years ended December 31, 2025 and 2024 was approximately $1 million.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The amounts included in AOCI as of December 31, 2025 and 2024 of approximately $4 million and $3 million, respectively, each net of income taxes of $1 million, are related to unrecognized gains.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Our plan assets’ fair values are based on the net asset value per share, or its equivalent (NAV), as a practical expedient to measure fair value, as reported by the issuers. The fair values are determined based on the fair value of the underlying securities as of the valuation date and include common/collective trust funds. Plan assets measured at NAV are not categorized within the fair value hierarchy.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </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. Related Party Transactions</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Proprietary Capital</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The following table reflects changes to our proprietary capital accounts resulting from distributions paid to our Member, as well as other changes in certain proprietary capital accounts (in millions):</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<table style="border-collapse: collapse;" cellspacing="0" cellpadding="0">
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 444.7pt; border-right: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 489.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="8">
<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: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 444.7pt; border-right: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 233.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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;">2025</font></p>
</td>
<td style="width: 246.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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;">2024</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 444.7pt; border-right: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 111.7pt; border-right: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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;">Account</font></p>
</td>
<td style="width: 111.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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;">Account</font></p>
</td>
<td style="width: 120.7pt; border-right: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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;">Account</font></p>
</td>
<td style="width: 116.2pt; border-right: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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;">Account</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 444.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 111.7pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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;">211</font></p>
</td>
<td style="width: 111.7pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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;">216</font></p>
</td>
<td style="width: 120.7pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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;">211</font></p>
</td>
<td style="width: 116.2pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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;">216</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 445.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<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: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">670</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 84.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">75</font></p>
</td>
<td style="width: 20.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">670</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">62</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 443.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 88.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 83.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 20.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 88.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 88.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 445.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Net Income, less equity in earnings of subsidiaries</font></p>
</td>
<td style="width: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 84.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">72</font></p>
</td>
<td style="width: 20.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">73</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 443.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 88.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 83.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 20.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 88.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 88.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 445.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Transfer of net earnings from Account 216 </font><font style="font-family: Arial; font-size: 10.67pt; vertical-align: super;">(1)</font></p>
</td>
<td style="width: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">110</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 84.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(110)</font></p>
</td>
<td style="width: 20.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">89</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(89)</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 445.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Transfer from Account 236 </font><font style="font-family: Arial; font-size: 10.67pt; vertical-align: super;">(1)</font></p>
</td>
<td style="width: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">20</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 84.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
<td style="width: 20.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">22</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 445.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<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="width: 11.7pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">10</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 84.7pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
<td style="width: 20.7pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">9</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 445.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin: 0pt 3.6pt 0pt 21.6pt; font-size: 16pt;"><font style="font-family: Arial;">Total Transfers</font></p>
</td>
<td style="width: 11.7pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">140</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 84.7pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(110)</font></p>
</td>
<td style="width: 20.7pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">120</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(89)</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 443.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 88.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 83.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 20.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 88.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 88.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 445.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<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: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(140)</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 84.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
<td style="width: 20.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(120)</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 443.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 88.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 83.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 20.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 88.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 88.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 445.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Cash distributions of earnings from subsidiaries</font></p>
</td>
<td style="width: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 84.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">28</font></p>
</td>
<td style="width: 20.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">29</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 443.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 88.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 83.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 20.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 88.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 88.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 445.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<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: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">34</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 84.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
<td style="width: 20.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 443.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 11.7pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 88.2pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 16.2pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 83.7pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 20.7pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 88.2pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 16.2pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 88.2pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 445.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<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: 11.7pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">704</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 0.7pt; margin-bottom: 0pt; text-indent: -0.7pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 84.7pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">65</font></p>
</td>
<td style="width: 20.7pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">670</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">75</font></p>
</td>
</tr>
</table>
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-indent: -18pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-indent: -18pt;"><font style="font-family: Arial;">(1)</font> <font style="font-family: Arial;">Settlements of these amounts are made within equity and are considered non-cash financing activities.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Affiliate Balances and Activities</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; 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. As of December 31, 2025 and 2024, we had a note receivable from KMI of $285 million and $284 million, respectively. The interest rate on this note is variable and was 3.9% and 4.7% as of December 31, 2025 and 2024, respectively. These amounts are included in Account 123 "Investments in Associated Companies" on our balance sheets.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"> </p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"><font style="font-family: arial, helvetica, sans-serif;"><em>Totem Expansion</em></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"><font style="font-family: arial, helvetica, sans-serif;">We received approval from the FERC in March 2025 for the Totem Expansion project, to enhance our storage delivery services and maximize our storage delivery capability, with an estimated total cost of approximately $80 million. On February 25, 2026, the project was placed in service, and similar to the original construction, we leased back the assets from WYCO under our capital lease with WYCO. As such, our capital lease assets and obligations will increase by the net present value of the additional future minimum lease payments.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The following table summarizes our other balance sheet affiliate balances (in millions):</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<table style="border: 1pt solid #000000; border-collapse: collapse;" cellspacing="0" cellpadding="0">
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;" rowspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Account</font></p>
</td>
<td style="width: 492.9pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" rowspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 242.2pt; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 111.7pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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;">2025</font></p>
</td>
<td style="width: 120.7pt; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">174</font></p>
</td>
<td style="width: 492.9pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Gas imbalances receivable from associated companies</font></p>
</td>
<td style="width: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">5</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; 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: 93.7pt; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">186</font></p>
</td>
<td style="width: 492.9pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<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 to Member</font></p>
</td>
<td style="width: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">158</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 93.7pt; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">148</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">234</font></p>
</td>
<td style="width: 492.9pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<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: 11.7pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">6</font></p>
</td>
<td style="width: 16.2pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 93.7pt; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">6</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="border-right: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">242</font></p>
</td>
<td style="width: 492.9pt; border-right: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<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: 11.7pt; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 89.2pt; border-right: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">12</font></p>
</td>
<td style="width: 16.2pt; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 93.7pt; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">5</font></p>
</td>
</tr>
</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The following table shows revenues and costs from our affiliates (in millions):</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<table style="border-collapse: collapse;" cellspacing="0" cellpadding="0">
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 571.85pt; border-right: 1pt solid #000000; padding-right: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 242.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="4">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Year Ended December 31,</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 571.85pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 111.7pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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;">2025</font></p>
</td>
<td style="width: 120.7pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 571.1pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Revenues</font></p>
</td>
<td style="width: 17.35pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 94.85pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2</font></p>
</td>
<td style="width: 12.85pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 4.5pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">$</font></p>
</td>
<td style="width: 108.35pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 571.1pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Operation, maintenance, and payroll tax expenses </font><font style="font-family: Arial; font-size: 10.67pt; vertical-align: super;">(1)</font></p>
</td>
<td style="width: 17.35pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 94.85pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">122</font></p>
</td>
<td style="width: 12.85pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 108.35pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">124</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 571.1pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Capitalized costs</font></p>
</td>
<td style="width: 17.35pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 94.85pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">6</font></p>
</td>
<td style="width: 12.85pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 108.35pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">5</font></p>
</td>
</tr>
</table>
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="font-family: Arial;">(1) Includes lease payments of $65 million and $67 million for 2025 and 2024, respectively, under our capital lease with WYCO.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">8. Rate and Regulatory Matters</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; 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; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">As of December 31, 2025, the regulatory assets are subject to recovery in our rates, over a period of approximately one year to 25 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;">  </font> </p>
<table class="MsoNormalTable" style="width: 11.5in; border-collapse: collapse; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 0in 0in 0in;" border="0" width="1104" cellspacing="0" cellpadding="0">
<tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes; height: 23.75pt; mso-height-rule: exactly;">
<td style="width: 561.1pt; border: none; border-right: solid black 1.0pt; padding: 0in 4.9pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="748"> </td>
<td style="width: 266.9pt; border: solid black 1.0pt; border-left: none; mso-border-left-alt: solid black 1.0pt; padding: 0in 4.9pt 0in 4.9pt; height: 23.75pt; mso-height-rule: exactly;" colspan="5" valign="bottom" width="356">
<p class="MsoNormal" style="text-align: center;" align="center"><strong><font style="font-size: 16pt; font-family: Arial, sans-serif;">December 31,</font></strong></p>
</td>
</tr>
<tr style="mso-yfti-irow: 1; height: 23.75pt; mso-height-rule: exactly;">
<td style="width: 562.4pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0in 4.9pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" colspan="2" valign="bottom" width="750"> </td>
<td style="width: 139.6pt; border-top: solid black 1.0pt; border-left: none; border-bottom: solid black 2.25pt; border-right: solid black 1.0pt; mso-border-left-alt: 1.0pt; mso-border-top-alt: 1.0pt; mso-border-bottom-alt: 2.25pt; mso-border-right-alt: .75pt; mso-border-color-alt: black; mso-border-style-alt: solid; padding: 0in 5.1pt 0in 4.9pt; height: 23.75pt; mso-height-rule: exactly;" colspan="2" valign="bottom" width="186">
<p class="MsoNormal" style="text-align: center;" align="center"><strong><font style="font-size: 16pt; font-family: Arial, sans-serif;">2025</font></strong></p>
</td>
<td style="width: 1.75in; border-top: solid black 1.0pt; border-left: none; border-bottom: solid black 2.25pt; border-right: solid black 1.0pt; mso-border-left-alt: .75pt; mso-border-top-alt: 1.0pt; mso-border-bottom-alt: 2.25pt; mso-border-right-alt: .75pt; mso-border-color-alt: black; mso-border-style-alt: solid; padding: 0in 5.1pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" colspan="2" valign="bottom" width="168">
<p class="MsoNormal" style="text-align: center;" align="center"><strong><font style="font-size: 16pt; font-family: Arial, sans-serif;">2024</font></strong></p>
</td>
</tr>
<tr style="mso-yfti-irow: 2; height: 23.75pt; mso-height-rule: exactly;">
<td style="width: 562.4pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: solid black 1.0pt; mso-border-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" colspan="2" valign="bottom" width="750">
<p class="MsoNormal"><font style="font-size: 16pt; font-family: Arial, sans-serif;">Regulatory assets (Account 182.3)</font></p>
</td>
<td style="width: 19.65pt; border: none; border-bottom: solid black 1.0pt; mso-border-top-alt: solid black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="26"> </td>
<td style="width: 119.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black 2.25pt; mso-border-bottom-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="160"> </td>
<td style="width: 17.9pt; border: none; border-bottom: solid black 1.0pt; mso-border-top-alt: solid black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="24"> </td>
<td style="width: 108.1pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black 2.25pt; mso-border-bottom-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="144"> </td>
</tr>
<tr style="mso-yfti-irow: 3; height: 23.75pt; mso-height-rule: exactly;">
<td style="width: 562.4pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: solid black .75pt; mso-border-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" colspan="2" valign="bottom" width="750">
<p class="MsoNormal"><font style="font-size: 16pt; font-family: Arial, sans-serif;">Taxes on capitalized funds used during construction</font></p>
</td>
<td style="width: 19.65pt; border: none; border-bottom: solid windowtext 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid windowtext .5pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="26">
<p class="MsoNormal" style="text-align: center;" align="center"><font style="font-size: 16pt; font-family: Arial, sans-serif;">$</font></p>
</td>
<td style="width: 119.95pt; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="160">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">7</font></p>
</td>
<td style="width: 17.9pt; border: none; border-bottom: solid windowtext 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid windowtext .5pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="24">
<p class="MsoNormal"><font style="font-size: 16pt; font-family: Arial, sans-serif;">$</font></p>
</td>
<td style="width: 108.1pt; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="144">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">7</font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 4; height: 23.75pt; mso-height-rule: exactly;">
<td style="width: 562.4pt; border-top: none; border-left: solid black 1.0pt; border-bottom: solid black 1.0pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.1pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" colspan="2" valign="bottom" width="750">
<p class="MsoNormal"><font style="font-size: 16pt; font-family: Arial, sans-serif;">Difference between gas retained and gas consumed in operations</font></p>
</td>
<td style="width: 19.65pt; border-top: none; border-bottom: 1pt solid windowtext; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; border-left: 1pt solid #000000; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000;" valign="bottom" width="26">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt;"> </font></p>
</td>
<td style="width: 119.95pt; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="160">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">1</font></p>
</td>
<td style="width: 17.9pt; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="24">
<p class="MsoNormal"><font style="font-size: 16pt;"> </font></p>
</td>
<td style="width: 108.1pt; border-top: none; border-left: none; border-bottom: solid windowtext 1.0pt; border-right: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="144">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">-</font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 5; height: 23.75pt; mso-height-rule: exactly;">
<td style="width: 562.4pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: solid black .75pt; mso-border-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" colspan="2" valign="bottom" width="750">
<p class="MsoNormal"><font style="font-size: 16pt; font-family: Arial, sans-serif;"> Other</font></p>
</td>
<td style="width: 19.65pt; border: none; border-bottom: solid black 4.5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid black .75pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="26"> </td>
<td style="width: 119.95pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-bottom-alt: solid black 4.5pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="160">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">1</font></p>
</td>
<td style="width: 17.9pt; border: none; border-bottom: solid black 4.5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid black .75pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="24"> </td>
<td style="width: 108.1pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: solid windowtext .5pt; mso-border-bottom-alt: solid black 4.5pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="144">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">1</font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 6; height: 23.75pt; mso-height-rule: exactly;">
<td style="width: 562.4pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: solid black .75pt; mso-border-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" colspan="2" valign="bottom" width="750">
<p class="MsoNormal"><font style="font-size: 16pt; font-family: Arial, sans-serif;"> Total regulatory assets <sup>(1)</sup></font></p>
</td>
<td style="width: 19.65pt; border: none; border-bottom: solid black 4.5pt; mso-border-top-alt: solid black 4.5pt; mso-border-left-alt: solid black .75pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="26">
<p class="MsoNormal"><font style="font-size: 16pt; font-family: Arial, sans-serif;">$</font></p>
</td>
<td style="width: 119.95pt; 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-bottom-alt: solid black 4.5pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="160">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">9</font></p>
</td>
<td style="width: 17.9pt; border: none; border-bottom: solid black 4.5pt; mso-border-top-alt: solid black 4.5pt; mso-border-left-alt: solid black .75pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="24">
<p class="MsoNormal"><font style="font-size: 16pt; font-family: Arial, sans-serif;">$</font></p>
</td>
<td style="width: 108.1pt; 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-bottom-alt: solid black 4.5pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="144">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">8</font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 7; height: 23.75pt; mso-height-rule: exactly;">
<td style="width: 562.4pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: solid black .75pt; mso-border-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" colspan="2" valign="bottom" width="750"> </td>
<td style="width: 19.65pt; border: none; border-bottom: solid black 1.0pt; mso-border-top-alt: solid black 4.5pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="26"> </td>
<td style="width: 119.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black 4.5pt; mso-border-bottom-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="160"> </td>
<td style="width: 17.9pt; border: none; border-bottom: solid black 1.0pt; mso-border-top-alt: solid black 4.5pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="24"> </td>
<td style="width: 108.1pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black 4.5pt; mso-border-bottom-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="144"> </td>
</tr>
<tr style="mso-yfti-irow: 8; height: 23.75pt; mso-height-rule: exactly;">
<td style="width: 562.4pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: solid black .75pt; mso-border-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" colspan="2" valign="bottom" width="750">
<p class="MsoNormal"><font style="font-size: 16pt; font-family: Arial, sans-serif;">Regulatory liabilities (Account 254)</font></p>
</td>
<td style="width: 19.65pt; border: none; border-bottom: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="26"> </td>
<td style="width: 119.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="160"> </td>
<td style="width: 17.9pt; border: none; border-bottom: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="24"> </td>
<td style="width: 108.1pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="144"> </td>
</tr>
<tr style="mso-yfti-irow: 9; height: 23.75pt; mso-height-rule: exactly;">
<td style="width: 562.4pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: solid black .75pt; mso-border-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" colspan="2" valign="bottom" width="750">
<p class="MsoNormal"><font style="font-size: 16pt; font-family: Arial, sans-serif;"> Income tax related</font></p>
</td>
<td style="width: 19.65pt; border: none; border-bottom: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="26">
<p class="MsoNormal" style="text-align: center;" align="center"><font style="font-size: 16pt; font-family: Arial, sans-serif;">$</font></p>
</td>
<td style="width: 119.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="160">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">24</font></p>
</td>
<td style="width: 17.9pt; border: none; border-bottom: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="24">
<p class="MsoNormal"><font style="font-size: 16pt; font-family: Arial, sans-serif;">$</font></p>
</td>
<td style="width: 108.1pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="144">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">25</font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 10; height: 23.75pt;">
<td style="width: 562.4pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: solid black .75pt; mso-border-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.1pt; height: 23.75pt;" colspan="2" valign="bottom" width="750">
<p class="MsoNormal"><font style="font-size: 16pt; font-family: Arial, sans-serif;">Postretirement benefits</font></p>
</td>
<td style="width: 19.65pt; border: none; border-bottom: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt;" valign="bottom" width="26">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt;"> </font></p>
</td>
<td style="width: 119.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt;" valign="bottom" width="160">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">7</font></p>
</td>
<td style="width: 17.9pt; border: none; border-bottom: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt;" valign="bottom" width="24">
<p class="MsoNormal"><font style="font-size: 16pt;"> </font></p>
</td>
<td style="width: 108.1pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt;" valign="bottom" width="144">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">7</font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 11; height: 23.75pt; mso-height-rule: exactly;">
<td style="width: 562.4pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: solid black .75pt; mso-border-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" colspan="2" valign="bottom" width="750">
<p class="MsoNormal"><font style="font-size: 16pt; font-family: Arial, sans-serif;"> Difference between gas retained and gas consumed in operations</font></p>
</td>
<td style="width: 19.65pt; border: none; border-bottom: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="26"> </td>
<td style="width: 119.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="160">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">-</font></p>
</td>
<td style="width: 17.9pt; border: none; border-bottom: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="24"> </td>
<td style="width: 108.1pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-bottom-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="144">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">2</font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 12; height: 23.75pt; mso-height-rule: exactly;">
<td style="width: 562.4pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: solid black .75pt; mso-border-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" colspan="2" valign="bottom" width="750">
<p class="MsoNormal"><font style="font-size: 16pt; font-family: Arial, sans-serif;"> Other</font></p>
</td>
<td style="width: 19.65pt; border: none; border-bottom: solid black 4.5pt; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="26"> </td>
<td style="width: 119.95pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-bottom-alt: solid black 4.5pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="160">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">1</font></p>
</td>
<td style="width: 17.9pt; border: none; border-bottom: solid black 4.5pt; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="24"> </td>
<td style="width: 108.1pt; border-top: none; border-left: none; border-bottom: solid black 4.5pt; border-right: solid black 1.0pt; mso-border-top-alt: solid black .75pt; mso-border-bottom-alt: solid black 4.5pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="144">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">-</font></p>
</td>
</tr>
<tr style="mso-yfti-irow: 13; mso-yfti-lastrow: yes; height: 23.75pt; mso-height-rule: exactly;">
<td style="width: 562.4pt; border: solid black 1.0pt; border-top: none; mso-border-top-alt: solid black .75pt; mso-border-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" colspan="2" valign="bottom" width="750">
<p class="MsoNormal"><font style="font-size: 16pt; font-family: Arial, sans-serif;"> Total regulatory liabilities</font></p>
</td>
<td style="width: 19.65pt; border: none; border-bottom: solid black 4.5pt; mso-border-top-alt: solid black 4.5pt; mso-border-left-alt: solid black .75pt; padding: 0in 5.65pt 0in 5.1pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="26">
<p class="MsoNormal" style="text-align: center;" align="center"><font style="font-size: 16pt; font-family: Arial, sans-serif;">$</font></p>
</td>
<td style="width: 119.95pt; 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-bottom-alt: solid black 4.5pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="160">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">32</font></p>
</td>
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<p class="MsoNormal"><font style="font-size: 16pt; font-family: Arial, sans-serif;">$</font></p>
</td>
<td style="width: 108.1pt; 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-bottom-alt: solid black 4.5pt; mso-border-right-alt: solid black .75pt; padding: 0in 5.1pt 0in 5.65pt; height: 23.75pt; mso-height-rule: exactly;" valign="bottom" width="144">
<p class="MsoNormal" style="text-align: right;" align="right"><font style="font-size: 16pt; font-family: Arial, sans-serif;">34</font></p>
</td>
</tr>
</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-indent: -18pt;"><font style="font-family: Arial;">(1)</font> <font style="font-family: Arial;">Assets recoverable without earning a return.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; 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; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; 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 recoverable in our tariff rates over the depreciable lives of the assets to which they apply.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </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&U) and the quantity of gas consumed and L&U experienced in our operations. Pursuant to our tariff, the quantities associated with these amounts are expected to be recovered from or returned to our customers in subsequent periods. On a periodic basis, we file reports with the FERC detailing our volumetric fuel and L&U reimbursement activity and establishing prospective fuel and L&U retention rates. Volumetric over- or under-collections of fuel and L&U quantities from prior periods are trued up through either an addition or reduction to the prospective fuel and L&U retention rates. </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </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, 2025 and 2024, we recorded a net regulatory benefit of $2 million and </font><font style="font-family: Arial;">less than $1 million, respectively, related to our fuel and L&U activity.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </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;">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. These amounts are amortized to Account 411.1 “Provision for Deferred Income Taxes – Credit” 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;"> </p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif;"><em>Postretirement benefits</em>. Amounts represent (i) the utilization of excess plan assets to fund KMI's retiree medical costs as permitted by our rate settlement and (ii) reimbursements of benefit costs which have been collected as a part of past rates.</font> </p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: arial, helvetica, sans-serif;"> </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Gas Quality Control Surcharges</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We recorded $11 million of Gas Quality Control Surcharges for each of the years ended December 31, 2025 and 2024.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">9. Commitments</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Transportation and Storage Commitments</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We have entered into transportation commitments and storage capacity contracts with our affiliates Wyoming Interstate Company, L.L.C and Young Gas Storage Company, Ltd., respectively. Future annual commitments as of December 31, 2025 are as follows:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<table style="border-collapse: collapse;" cellspacing="0" cellpadding="0">
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Year</font></p>
</td>
<td style="width: 120.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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;">Commitments</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 557.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">2026</font></p>
</td>
<td style="width: 11.3pt; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; 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: 98.6pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">13</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 557.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">2027</font></p>
</td>
<td style="width: 120.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">12</font></p>
</td>
</tr>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">2028</font></p>
</td>
<td style="width: 120.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">11</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 557.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">2029</font></p>
</td>
<td style="width: 120.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">6</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 557.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">2030</font></p>
</td>
<td style="width: 120.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">4</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 557.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Thereafter</font></p>
</td>
<td style="width: 120.7pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="2">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">11</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 557.7pt; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Total</font></p>
</td>
<td style="width: 11.3pt; border-top: 4.5pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; 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: 98.6pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">57</font></p>
</td>
</tr>
</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </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, 2025 and 2024, total expenses related to these commitments and contracts were $13 million. The expenses are reflected in Account 401 "Operation Expenses" on our income statements.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">10. Supplemental Cash Flow Information</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The following table contains supplemental cash flow information (in millions):</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<table style="border-collapse: collapse;" cellspacing="0" cellpadding="0">
<tr style="height: 24.85pt; -aw-height-rule: exactly;">
<td style="width: 557.2pt; border-right: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 251.2pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;" colspan="4">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Year Ended December 31,</font></p>
</td>
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<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 557.2pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 120.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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;">2025</font></p>
</td>
<td style="width: 120.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; 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>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 558.2pt; border: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Interest paid, net of capitalized interest</font></p>
</td>
<td style="width: 16.2pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; 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: 93.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">23</font></p>
</td>
<td style="width: 25.2pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; 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: 84.7pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">23</font></p>
</td>
</tr>
<tr style="height: 23.75pt; -aw-height-rule: exactly;">
<td style="width: 558.2pt; border: 1pt solid #000000; padding-right: 3.9pt; padding-left: 3.9pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Net increase in utility plant accruals</font></p>
</td>
<td style="width: 16.2pt; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 3pt; margin-bottom: 0pt; text-indent: -3pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 93.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">7</font></p>
</td>
<td style="width: 25.2pt; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.65pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
</td>
<td style="width: 84.7pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.65pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">6</font></p>
</td>
</tr>
</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">11. Recent Accounting Pronouncement</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;">  </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt; background-color: #ffffff;"><font style="font-family: Arial; -aw-import: ignore;">  </font><font style="font-family: Arial; font-style: italic;">ASU No. 2025-06</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt; background-color: #ffffff;"><font style="font-family: Arial; -aw-import: ignore;">  </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 September 18, 2025, the Financial Accounting Standards Board issued ASU No. 2025-06, </font><font style="font-family: Arial; font-style: italic;">“Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software.” </font><font style="font-family: Arial;">This ASU modernizes the accounting guidance for the costs to develop software for internal use by removing outdated stage-based cost capitalization rules and replacing them with a probability-based cost-capitalization framework that aligns better with current software development methods. This ASU will be effective for annual periods beginning after December 15, 2027, for interim reporting periods beginning within those annual periods, and early adoption is permitted. Management is currently evaluating this ASU to determine its impact on the Company’s financial statements.</font></p>
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Vicki A. Phillips
Vice President
/s/ Vicki A. Phillips
2026-03-26
2
Colorado Interstate Gas Company, L.L.C.
C000981
2025
Q4
1001 Louisiana Street, Suite 1000, Houston, TX 77002
James M. Brossett
Divisional Controller
1001 Louisiana Street, Suite 1000, Houston, TX 77002
713-420-6965
O
2025-12-31
IRIS Carbon
WYCO Development LLC
$
26,475,722
Kiowa Lateral LLC
2,530,066
Total
$
29,005,788
Equity in earnings of subsidiary companies
$
28,848,832
Cash distribution of earnings from investments in subsidiary companies
(29,005,788)
Total
$
(156,956)
See Page 102 "Control Over Respondent" for a description of our ownership structure.
In accordance with FERC Order No. 581, we use the fixed asset method.
Account
Amount
232
$
183,285
242
141,000
Total
$
324,285
Account
Amount
142
$
1,141,433
146
2,329
Total
$
1,143,762
Account
Amount
142
$
22,802
146
164
Total
$
22,966
Recorded pursuant to Medicare Program; Medicare Prescription Drug Benefit, final rule issued on January 28, 2005 and FERC Order No. 552 issued on March 31, 1993.
Recorded pursuant to terms of our settlement in Docket No. RP22-825-000. No amortization during term of RP22-825-000. CIG may propose treatment of this regulatory liability in its next general Section 4 proceeding.
Pursuant to Docket No. RP22-825-000, we will amortize these costs over the term of the current settlement.
Recorded pursuant to Docket No. RP22-825-000.
Recorded pursuant to Sections 10.5 and 14 of the General Terms and Conditions of our tariff.
Recorded pursuant to Docket No. RP07-666.
These revenues are associated with park and loan agreements.The net monthly park and loan volume activity for the quarter is as follows:
Dth
Net Park/(Loan) Balance - Beginning of Quarter
4,216,720
Month 1 net activity
199,779
Month 2 net activity
187,338
Month 3 net activity
(207,257)
Net Quarterly Activity
179,860
Net Park/(Loan) Balance - End of Quarter
4,396,580
Operational purchases recorded in Account 803.
Operational purchases recorded in Account 803.
Pursuant to Instruction 9, Line 12 includes:
Dth
Gas withdrawn from storage for system balancing purposes
22,729,337
Gas related to contract storage
76,602,583
Total other gas withdrawn from storage
99,331,920
Pursuant to Instruction 9, Line 12 includes:
Dth
Gas withdrawn from storage for system balancing purposes
4,510,836
Gas related to contract storage
14,796,992
Total other gas withdrawn from storage
19,307,828
Pursuant to Instruction 9, Line 27 includes:
Dth
Gas delivered to storage for system balancing purposes
24,722,359
Gas related to contract storage
76,084,639
Total other gas delivered to storage
100,806,998
Pursuant to Instruction 9, Line 27 includes:
Dth
Gas delivered to storage for system balancing purposes
5,082,013
Gas related to contract storage
17,109,922
Total other gas delivered to storage
22,191,935
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.
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, 6 and 26 for all periods within the quarter.
Dth (e)
Dollars (i)
Off System Gas Used - Dr. 854 / Cr. 810
6,110
$
15,761
NGL Revenue Equivalent Retained
(7,905)
(20,391)
Other Gas Used - Dr. 773,777 / Cr.811
6,658
17,174
Other Gas Used - Dr. 856 / Cr. 812
60,262
155,446
Other Electric Equivalent Use Dr. 856 / Cr. 131
130,913
337,690
Total Gas Used for Other Operations
196,038
$
505,680
All Accumulated Other Comprehensive Income is related to unrecognized gains on post-retirement benefit plan assets.
WYCO Development LLC
$
25,455,651
Kiowa Lateral LLC
2,733,205
Total
$
28,188,856
Equity in earnings of subsidiary companies
$
28,050,515
Cash distribution of earnings from investments in subsidiary companies
(28,188,856)
Total
$
(138,341)
Excludes 4,221,221 Dth related to Boehm Keyes Zone which was abandoned pursuant to Order No. CP01-1-000, issued May 16, 2001.
Includes the combined Certificated Storage Capacities of CIG Fields (Boehm, Flank, Fort Morgan, Latigo) plus Totem Field.
A composite average Btu of 1.069 per cubic foot at a pressure base of 14.73 was used to convert the Certificated Storage Capacities of CIG Fields (Boehm, Flank, Fort Morgan, Latigo) to Dth.
A composite average Btu of 1.074 per cubic foot at a pressure base of 14.73 was used to convert the Certificated Storage Capacities of CIG Field (Totem) to Dth.
Includes CIG Injection / Withdrawal Wells (Boehm, Flank, Fort Morgan, Latigo) + Totem Field Injection / Withdrawal Wells.
Includes CIG Observation Wells (Boehm, Flank, Fort Morgan, Latigo) + Totem Field Observation Wells.
Dth (e)
Dollars (i)
Off System Gas Used - Dr. 854 / Cr. 810
3,330
$
10,391
NGL Revenue Equivalent Retained
(31,833)
(99,335)
Other Gas Used - Dr. 773,777 / Cr.811
7,104
22,168
Other Gas Used - Dr. 856 / Cr. 812
63,180
197,153
Other Electric Equivalent Use Dr. 856 / Cr. 131
47,099
146,972
Total Gas Used for Other Operations
88,880
$
277,349
Underground Storage (in thousands)
Page 204 Ln 57 col (g)
$
179,622
Less: Land
4,217
$
175,405
Transmission Plant (in thousands)
Page 204 Ln 92 col (g)
$
1,412,283
Less: Land
2,137
$
1,410,146
Our cost of debt is based upon actual costs incurred.
The cost rate percentage of common equity is based on the settlement in Docket No. RP11-2107.
Pg 204, Ln 125, col (d)
$
20,483,478
Less: Intangible plant retirements
198,536
Book cost of plant retired
$
20,284,942
Intangible Plant (in thousands)
Page 204 Ln 5 col (g)
$
1,690
Less: Organizational Costs (Fully Depreciated)
23
Less: Franchises & Consents (Fully Depreciated)
615
$
1,052
Depreciation, Depletion and Amortization of Gas Plant - Intangible Plant
Depreciation expense is computed on a composite basis using the following rates:
Miscellaneous
11.54%
Software
23.00%
Transportation Software
10.00%
Depreciation, Depletion and Amortization of Gas Plant - General Plant
Depreciation expense is computed on a composite basis using the following rates:
Structures and Improvements
5.00%
Transportation Equip <13,000#
15.00%
Trailers & ATVs
15.00%
Stores Equipment
3.00%
Tools & Work Equipment
3.00%
Lab Equipment
8.00%
Power Operated Equipment
4.00%
Communications Equipment
4.00%
Misc. Equipment
5.00%
Depreciation, Depletion and Amortization of Gas Plant - Transmission - Onshore
Depreciation expense is computed on a composite basis using the following rates:
Transmission Facilities
1.95%*
Spruce Hill Air Blending
6.67%
North Raton Lateral
1.95%*
*Includes 0.10% Negative Salvage
See Page 332 for additional details on Transmission and Compression of Gas by Others.
Return of Capital
$
221,593
Interest on debt to associated companies recorded in Account 430 of $543,609 relates to principal balances in other accounts and is not reported on Page 256.
Use tax is distributed to various accounts based on the accounts charged for the originating invoice.
Account 241.
Transferred to Account 211, "Miscellaneous Paid-in-Capital."
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
$
114,337,562
As of December 31, 2025, 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
$
127,100,128
This amount would be excluded in the development of jurisdictional recourse rates.
See Page 218 "General Description of Construction Overhead Procedure" for the basis of allocation.
Account
Amount
107
$
1,053,782
108
209,749
186
215,076
408.1
2,128,186
814
569,339
816
787,367
817
392,981
818
1,009,719
821
76,490
830
16,497
832
223,376
833
78,064
834
225,074
850
5,304,347
851
1,478,393
853
3,846,990
856
3,458,352
857
2,121,484
861
844,244
863
2,966,461
864
2,134,149
865
294,296
920
4,274,494
Total
$
33,708,910
Account
Amount
107
$
141,342
108
30,566
186
34,506
926
4,470,973
Total
$
4,677,387
Account
Amount
408.1
$
256,524
920
3,322,438
923
651,152
925
708,830
926
645,655
930.2
867,137
931
639,954
Total
$
7,091,690
Account
Amount
826
$
21,560,348
860
43,451,491
Total
$
65,011,839
Account
Amount
107
$
4,268,082
186
89,452
Total
$
4,357,534
Account
Amount
490
$
41,635
492
38,207
493
200,000
921
48,000
Total
$
327,842
Amounts charged by Kinder Morgan, Inc. through shared services are allocated using the modified Massachusetts Formula.
Excludes $77,314 that relates to fuel consumed under affiliate transportation agreements.
Excludes 29,349 Dth that relates to fuel consumed under affiliate transportation agreements.
Totem Storage Field is operated by us under a long-term lease with WYCO Development LLC.
Young Storage Field is owned by Young Gas Storage Company, Ltd. 90% of the capacity is held by us under a long-term agreement.
A BTU of 1.069 per cubic foot at a pressure base of 14.73 was used to convert the "Maximum Daily Delivery Capacity of Facility to Dth.
A BTU of 1.069 per cubic foot at a pressure base of 14.73 was used to convert the "Maximum Daily Delivery Capacity of Facility to Dth.
A BTU of 1.069 per cubic foot at a pressure base of 14.73 was used to convert the "Maximum Daily Delivery Capacity of Facility to
Dth.
A BTU of 1.074 per cubic foot at a pressure base of 14.73 was used to convert the "Maximum Daily Delivery Capacity of Facility to Dth.
A BTU of 1.101 per cubic foot at a pressure base of 14.73 was used to convert the "Maximum Daily Delivery Capacity of Facility to Dth.
A BTU of 1.069 per cubic foot at a pressure base of 14.73 was used to convert the "Maximum Daily Delivery Capacity of Facility to
Dth.
As of December 31, 2025, 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.
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).
Operated by us under a long-term lease with WYCO Development LLC.
KM Energy LLC is a direct wholly-owned subsidiary of KM Energy Inc.
Dth (e)
Dollars (i)
Off System Gas Used - Dr. 854 / Cr. 810
3,441
$
8,435
NGL Revenue Equivalent Retained
(27,723)
(67,960)
Other Gas Used - Dr.
773,777 / Cr.811
7,529
18,457
Other Gas Used - Dr. 856 / Cr. 812
52,367
128,372
Other Electric Equivalent Use Dr. 856 / Cr. 131
77,728
190,542
Total Gas Used for Other Operations
113,342
$
277,846
2024 Gross Plant in Service excludes High Plains Pipeline, Kiowa Lateral and Totem Storage leases, recorded to account 101.1 as follows:
High Plains/Kiowa Lateral Leases
Account
303
$
3,606,437
367
125,700,301
369
17,725,435
365.2
5,841,924
366.2
165,341
Total High Plains/Kiowa Leases
$
153,039,438
Totem Storage Lease
Account
350.1
$
65,496
350.2
192,312
351.1
226,856
351.2
1,295,104
351.3
517,502
352
24,998,233
352.1
17,774,725
352.2
2,709,805
353
3,615,762
354
42,166,702
355
5,889,271
356
21,824,752
394
57,975
Total Totem Storage Lease
$
121,334,495
Total
$
274,373,933
Reconciliation
Pg 110, line 2, col (d)
$
1,853,610,097
Less Account 101.1
274,373,933
Pg 204, line 129, col (b)
$
1,579,236,164
Kinder Morgan, Inc. directly owns 38.06% of Kinder Morgan Energy Partners, L.P. and 100% of Kinder Morgan GP LLC and KM Energy Inc.
This project has separately tracked fuel retention rates. During 2025 we retained 17,423 Dth of gas from our shippers and we consumed 24,811 Dth of gas.
This project has separately tracked fuel retention rates. During 2025 we retained 127,257 Dth of gas from our shippers and we consumed 155,828 Dth of gas.
High Plains Pipeline Original Application CP07-207
High Plains Pipeline Expansion CP12-496
Kiowa Lateral CP19-56
Represents the net capital lease as recorded in Account 101.1.
Represents the net capital lease as recorded in Account 101.1.
Operating and Maintenance expenses are based on the Docket No. CP08-30 Exhibit N plus the appropriate lease expense. Our methodology for cost allocation and rate design purposes may differ in a Section 4 rate filing.
This footnote also applies to line 2, column (h).
Operating and Maintenance expenses are based on the Docket No. CP09-464 Exhibit N. Our methodology for cost allocation and rate design purposes may differ in a Section 4 rate filing.
This footnote also applies to line 3, column (h).
Operating and Maintenance expenses are based on the Docket No. CP10-486 Exhibit N. Our methodology for cost allocation and rate design purposes may differ in a Section 4 rate filing.
This footnote also applies to line 4, column (h).
Other expenses (including taxes) are allocated based on assessed value. Our methodology for cost allocation and rate design purposes may differ in a Section 4 rate filing.
Return of Capital
$
5,256,291
Capital Contributions
(250,810)
Total
$
5,005,481
As of December 31, 2024, we estimate tha
t the following deferred tax balance in Account 190 could be used in the development of jurisdictional recourse rates:
ASC 715 Medicare Subsidy
$
318,231
ASC 715 Fund Asset Transfer
1,215,039
Regulatory Liability - Deferred Income Tax Rate Adjustment
5,793,980
$
7,327,250
As of December 31, 2025, we estimate that the following deferred tax balance in Account 190 could be used in the development of jurisdictional recourse rates:
ASC 715 Medicare Subsidy
$
320,934
ASC 715 Fund Asset Transfer
1,391,106
Regulatory Liability - Deferred Income Tax Rate Adjustment
5,597,565
$
7,309,605
General Plant (in thousands)
Page 204 Ln 124 col (g)
$
37,646
Less: Leasehold Improvements
282
Less: Computer Equip & Software (Fully Depreciated)
3
Less: Office Furniture & Equipment (Fully Depreciated)
1,548
$
35,813
2025 Gross Plant in Service excludes High Plains Pipeline, Kiowa Lateral and Totem Storage leases, recorded to account 101.1 as follows:
High Plains/Kiowa Lateral Leases
Account
303
$
3,482,897
367
119,737,868
369
16,995,572
365.2
5,532,350
366.2
156,611
Total High Plains/Kiowa Leases
$
145,905,298
Totem Storage Lease
Account
350.1
$
63,834
350.2
186,937
351.1
220,557
351.2
1,261,242
351.3
503,571
352
24,410,157
352.1
17,582,244
352.2
2,634,065
353
3,521,401
354
41,394,204
355
5,733,229
356
21,229,168
394
56,717
Total Totem Storage Lease
$
118,797,326
Total
$
264,702,624
Reconciliation
Pg 110, line 2, col (c)
$
1,895,943,409
Less Account 101.1
264,702,624
Pg 204, line 129, col (g)
$
1,631,240,785
Operating and Maintenance expenses are based on Docket No. CP07-207, CP12-496, and CP19-56 amounts (updated for actual lease and FERC Account No. 858 expenses). Our methodology for cost allocation and rate design purposes may differ in a Section 4 rate filing.
This footnote also applies to line 1, column (h).
Recorded pursuant to Docket No. AI93-5-000 issued April 23, 1993 (Accounting for Income Taxes).
We estimate approximately $2.5 million of the ending balance is associated with projects granted non-traditional rate treatment that are reported on Page 217.
Amount reflected in Construction Work in Progress reduced by reimbursements from joint venture partner.
Pursuant to Docket No. CP24-159-000, ten reciprocal engines were retired May 1, 2025, representing 12,360 horsepower. Two new turbines were installed May 20, 2025 with 10,602 ISO horsepower.