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			&lt;/p&gt;&#xD;
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	&lt;/div&gt;</ferc:StatementAboutImportantChangesDuringTheQuarterYearTextBlock>
  <ferc:NotesToFinancialStatementsTextBlock id="HHFB845F6A13C048AB10E053139FD9FDD6" contextRef="HH6F430EA68AFC29D1DD829B0DDD45FFF4">&lt;div&gt;&lt;div&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;1.&lt;/span&gt;&lt;span style="width: 27pt; display: inline-block;"&gt;&amp;#160;&lt;/span&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold;"&gt;LIMITED LIABILITY COMPANY ORGANIZATION AND NATURE OF OPERATIONS&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;The terms "we", "our", "us" and "Southern Lights" as used in these financial statements, refer collectively to Enbridge Pipelines (Southern Lights) L.L.C., unless the context suggests otherwise. Southern Lights is a Delaware limited liability company that is wholly-owned by Southern Lights Holdings, L.L.C. (the Member). The Member is an indirect, wholly-owned subsidiary of Enbridge Inc. (Enbridge). Our primary business activity includes the ownership and operation of the United States (US) portion of the Southern Lights Pipeline, a pipeline system which transports diluent from Manhattan, Illinois to Edmonton, Alberta where it is used in blending bitumen and heavy oil. The Southern Lights Pipeline has an operating capacity of approximately 180,000 barrels per day.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;Our diluent transportation activities are subject to regulation by the Federal Energy Regulatory&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;Commission (FERC). For the year ended December 31, 202&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;5&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;, the Southern Lights Pipeline generated transportation revenues primarily from transportation services agreements (TSAs) with five arms-length shippers&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;2.&lt;/span&gt;&lt;span style="width: 27pt; display: inline-block;"&gt;&amp;#160;&lt;/span&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold;"&gt;SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"&gt;Basis of Presentation and Use of Estimates&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;The financial statements of the Company are prepared in accordance with accounting requirements of the Federal Energy Regulatory Commission, as set forth in the applicable Uniform System of Accounts and published accounting releases ("FERC USA"), which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America ("US GAAP").&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;Our preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and the disclosure of contingent assets and liabilities. We regularly evaluate these estimates utilizing historical experience, consultation with experts and other methods considered reasonable in the circumstances. Nevertheless, actual results may differ significantly from these estimates. We record the effect of any revisions to these estimates in our financial statements in the period in which the facts that give rise to the revision become known.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"&gt;Accounting for Regulated Operations&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;Our liquids operations are subject to the authoritative accounting provisions applicable to regulated operations.&lt;/span&gt;&lt;span style="font-family: 'Times New Roman'; -aw-import: spaces;"&gt;&amp;#160; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;We also record assets and liabilities that result from the regulated ratemaking process that would not be recorded under GAAP for nonregulated entities.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"&gt;Allowance for Funds Used During Construction&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;During the construction of our pipelines that qualify for regulated accounting, we are allowed to capitalize costs that represent the estimated debt and equity costs of capital necessary to finance the construction of our pipelines. The debt and equity costs, referred to collectively as Allowance for Funds Used During Construction, or AFUDC, are capitalized as part of the costs of pipeline construction in &amp;#8220;carrier property&amp;#8221; in our comparative balance sheet statement. The equity return component and interest costs related to the AFUDC are reflected on our income statement. Entities that do not qualify for regulated accounting are only allowed to capitalize interest costs related to its construction activities, while a component for equity is prohibited.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"&gt;Revenue Recognition&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;The Southern Lights Pipeline provides transportation services that are subject to regulation by the Federal Energy Regulatory Commission. During the first half of the year (through June 30, 2025), the Company operated under transportation services agreements that utilized a cost-of-service toll methodology. Under this framework, tolls were designed to recover the Company&amp;#8217;s revenue requirement, which includes allowable capital, operating and debt financing costs, plus a pre-determined after-tax return on equity, with toll adjustments filed annually with the applicable regulator(s). &lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;To the extent that the actual revenue requirement earned for the cost-of-service period is greater than (less than) the forecasted revenue requirement used to determine tolls, the difference is recovered from (refunded to) shippers through an annual true-up mechanism. Cash settlement of the annual true-up occurs as reasonably practicable after the end of the calendar year, typically within the first quarter of the following year, in accordance with the applicable TSA terms. &lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;Effective July 1, 2025, the cost-of-service TSAs expired, and the Company&amp;#8217;s tolls and charges for the second half of the year are assessed in accordance with the currently effective FERC tariffs (including the Local Rates tariff and the Rules &amp;amp; Regulations tariff). Accordingly, results for the year reflect cost-of-service tolling through June 30, 2025, and tariff-based tolls and charges from July 1, 2025 onward.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;Under both arrangements, transportation revenue is recognized over time as the service is provided, based on volumes shipped and the applicable tolls/charges in effect for the period.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"&gt;Cash and Cash Equivalents&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;Cash equivalents are defined as all highly marketable securities with original maturities of three months or less when purchased. The carrying value of cash and cash equivalents approximates fair value because of the short term to maturity of these investments. We did not have any marketable securities on our December 31, 202&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;5&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;, and 202&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;4&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; comparative balance sheet statement.&lt;/span&gt;&lt;span style="font-family: 'Times New Roman'; -aw-import: spaces;"&gt;&amp;#160;&amp;#160; &lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"&gt;Accounts Receivables&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;Accounts receivable are measured at cost. For accounts receivable, a loss allowance matrix is utilized to&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;measure lifetime expected credit losses. The matrix contemplates historical credit losses by age of receivables, adjusted for any forward-looking information and management expectations. Our current expected credit loss as at December 31, 202&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;5&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; and 202&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;4&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; was immaterial.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"&gt;Allowance for Doubtful Accounts&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;We establish provisions for losses on accounts receivable if we determine that we will not collect all or part of an outstanding balance. Collectability is reviewed regularly and an allowance is established or adjusted, as necessary, using the specific identification method. At December 31, 202&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;5&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;, and 202&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;4&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;, all our accounts receivable customer balances were less than 30 days past their scheduled invoice date.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"&gt;Capitalization of Property, Plant and Equipment &lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;We capitalize expenditures related to property, plant and equipment, subject to a minimum rule, that have a useful life greater than one year for: (1) assets purchased or constructed; (2) existing assets that are replaced, improved, or the useful lives have been extended; or (3) all land, regardless of cost. Acquisitions of new assets, additions, replacements and improvements (other than land) costing less than the minimum rule in addition to maintenance and repair costs, including any planned major maintenance activities, are expensed as incurred.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;During construction, we capitalize direct costs, such as labor and materials, and other costs, such as direct overhead and interest at our weighted average cost of debt, and, in our regulated business that applies the authoritative accounting provisions applicable to regulated operations to compute an equity return component.&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;Regulatory guidance issued by the FERC requires us to expense certain costs associated with implementing the pipeline integrity management &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;requirements of the United States Department of Transportation&amp;#8217;s Office of Pipeline Safety. Under this guidance, costs to: (1) prepare a plan to implement the program; (2) identify high consequence areas; (3) develop and maintain a record keeping system; and (4) inspect, test and report on the condition of affected pipeline segments to determine the need for repairs or replacements, are required to be expensed. Costs of modifying pipelines to permit in-line inspections, certain costs associated with developing or enhancing computer software and costs associated with remedial mitigation actions to correct an identified condition are capitalized. We typically expense the cost of initial in-line inspection programs, crack detection tool runs and hydrostatic testing costs conducted for the purposes of detecting manufacturing or construction defects consistent with industry practice and the regulatory guidance issued by the FERC. However, we capitalize initial construction hydrostatic testing cost and subsequent hydrostatic testing programs conducted for the purpose of increasing pipeline capacity in accordance with our capitalization policies. Also capitalized are certain costs such as sleeving or recoating existing pipelines, unless the expenditures are incurred as a single event and not part of a major program, in which case we expense these costs as incurred. &lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;We record property, plant and equipment at its original cost, which we depreciate on a straight-line basis over its estimated remaining useful life. Our determination of the useful lives of property, plant and equipment requires us to make various assumptions, including the supply of and demand for diluent in the markets served by our assets, normal wear and tear of the facilities, and the extent and frequency of maintenance programs. We routinely utilize consultants and other experts to assist us in assessing the remaining useful lives of our property, plant and equipment.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;We record depreciation using the group method of depreciation which is commonly used by pipelines, utilities and similar entities. Under the group method, upon the disposition of property, plant and equipment, the net book value less net proceeds is typically charged to accumulated depreciation and no gain or loss on disposal is recognized. However, when a separately identifiable group of assets, such as a stand-alone pipeline system is sold, we recognize a gain or loss in our income statement for the difference between the cash received and the net book value of the assets sold. Changes in any of our assumptions may alter the rate at which we recognize depreciation in our financial statements. We retain the services of independent consultants and other experts, as needed, to assist us with assessing the reasonableness of the useful lives we have established for our property, plant and equipment. Based on the results of these assessments we may make modifications to the assumptions we use to determine our depreciation rates.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;We evaluate the recoverability of our property, plant and equipment when events or circumstances such as economic obsolescence, the business climate, legal and other factors indicate we may not recover the carrying amount of the assets. We continually monitor our businesses, the market and business environments to identify indicators that could suggest an asset may not be recoverable. We evaluate an asset for recoverability by estimating the undiscounted future cash flows expected to be derived from operating the asset as a going concern. These cash flow estimates require us to make projections and assumptions for many years into the future for pricing, demand, competition, operating cost, contract renewals, and other factors. We recognize an impairment loss when the carrying amount of an asset exceeds its fair value as determined by quoted market prices in active markets or present value and other &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;valuation techniques if quotes are unavailable. The determination of the fair value using present value techniques requires us to make projections and assumptions regarding the probability of a range of outcomes and the rates of interest used in the present value calculations. Any changes we make to these projections and assumptions could result in significant revisions to our evaluation of recoverability of the property, plant and equipment and the recognition of an impairment loss in our income statement.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"&gt;Commitments, Contingencies and Environmental Liabilities&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;We expense or capitalize, as appropriate, expenditures for ongoing compliance with environmental regulations that relate to past or current operations. We expense amounts we incur for remediation of existing environmental contamination caused by past operations that do not benefit future periods by preventing or eliminating future contamination. We record liabilities for environmental matters when assessments indicate that remediation efforts are probable, and the costs can be reasonably estimated. Estimates of environmental liabilities are based on currently available facts, existing technology and presently enacted laws and regulations taking into consideration the likely effects of inflation and other factors. These amounts also consider prior experience in remediating contaminated sites, other companies&amp;#8217; clean-up experience and data released by government organizations. Our estimates are subject to revision in future periods based on actual costs or new information and are included in both &amp;#8220;other current liabilities&amp;#8221; and &amp;#8220;other noncurrent liabilities&amp;#8221; in our comparative balance sheet statement at their undiscounted amounts. We evaluate recoveries from insurance coverage separately from the liability and, when recovery is probable, we record and report an asset separately from the associated liability in our financial statements. &lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;We recognize liabilities for other commitments and contingencies when we determine it is either probable that an asset has been impaired, or that a liability has been incurred, and the amount of impairment or loss can be reasonably estimated. When a range of probable loss can be estimated, we accrue the minimum of the range of probable loss. We expense legal costs associated with loss contingencies as such costs are incurred. &lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;We did not recognize any contingent losses for the years ended December 31, 202&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;5&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; and 202&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;4&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"&gt;Income Taxes&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;Until November 7, 2014 we were a single member limited liability company that was treated as a disregarded entity of its Member or Enbridge Energy Company, Inc. (EECI), for federal income tax purposes. We recognized income tax expense on our taxable income on a separate company basis as if we were a separate entity from EECI. EECI charged us for any income taxes that it paid on our behalf or refunded us for any of our net operating losses that EECI utilized, since EECI filed a consolidated federal income tax return that included us.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;We recognized deferred income tax assets and liabilities for temporary differences between the basis of our assets and liabilities for financial reporting and income tax purposes. We recognized the tax effects of any uncertain tax positions we had taken as the largest amount that was greater than 50 percent likely of being realized upon ultimate settlement with a taxing authority having full knowledge of the position and all relevant facts, but without considering time values. &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;Changes in tax legislation were included in the relevant computations in the period in which the legislation was enacted.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;Effective November 7, 2014 EECI exchanged its direct ownership interest in us for an interest in a newly formed limited liability company that is treated as a non-taxable partnership for United States federal income tax purposes.&lt;/span&gt;&lt;span style="font-family: 'Times New Roman'; -aw-import: spaces;"&gt;&amp;#160; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;This newly formed limited liability company is owned by our former Member and an affiliate of our former Member.&lt;/span&gt;&lt;span style="font-family: 'Times New Roman'; -aw-import: spaces;"&gt;&amp;#160; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;We are now a single member limited liability company of this newly formed company.&lt;/span&gt;&lt;span style="font-family: 'Times New Roman'; -aw-import: spaces;"&gt;&amp;#160; &lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;Effective November 7, 2014 our tax status changed from being an entity subject to income taxes to one that is treated as a non-taxable partnership. Generally, U.S. federal and state income taxes on our taxable income will be borne by our parent&amp;#8217;s individual members through the allocation of our taxable income.&lt;/span&gt;&lt;span style="font-family: 'Times New Roman'; -aw-import: spaces;"&gt;&amp;#160; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;The allocation of taxable income to our parent&amp;#8217;s individual members may vary substantially from net income reported in our consolidated statements of income.&lt;/span&gt;&lt;span style="font-family: 'Times New Roman'; -aw-import: spaces;"&gt;&amp;#160; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;As a result we eliminated our deferred income tax liability effective November 7, 2014.&lt;/span&gt;&lt;span style="font-family: 'Times New Roman'; -aw-import: spaces;"&gt;&amp;#160; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;The resulting deferred income tax liability adjustment was included in deferred income tax expense as required by ASC 740-10-45-19 which requires that these adjustments be included in income from continuing operations.&lt;/span&gt;&lt;span style="font-family: 'Times New Roman'; -aw-import: spaces;"&gt;&amp;#160; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;The amount of this adjustment was a decrease to deferred income tax expense of $158.8 million.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"&gt;Asset Retirement Obligation&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;Asset retirement obligations (ARO) associated with the retirement of long-lived assets are recognized and&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;measured at fair value in the period in which they can be reasonably determined. Fair value approximates&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;the cost a third party would charge to perform the tasks necessary to&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;retire such assets and is recognized&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;at the present value of expected future cash flows. ARO is added to the carrying value of the associated&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;asset and depreciated over the asset's useful life.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;Currently, it is not possible to make a reasonable estimate of ARO due to the indeterminate timing and&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;scope of the asset retirements. These assets include pipelines whose retirement dates&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;will depend mostly&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;on the various crude oil supply sources that connect to our systems and the ongoing demand for crude oil&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;usage in the markets we serve. We expect these supply sources and market demands to continue for the&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;foreseeable future, therefore we are unable to estimate retirement dates that would result in ARO&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;liabilities.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;3.&lt;/span&gt;&lt;span style="width: 27pt; display: inline-block;"&gt;&amp;#160;&lt;/span&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold;"&gt;COMMITMENTS AND CONTINGENCIES&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"&gt;Right-of-Way&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;As part of the pipeline construction process, we must obtain right-of-way agreements from landowners whose property the pipeline will cross. Right-of-way agreements that we purchase are capitalized as part of &amp;#8220;carrier property&amp;#8221; on our comparative balance sheet statement.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"&gt;Environmental Matters&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;We are subject to federal and state laws and regulations relating to the protection of the environment. Environmental risk is inherent to liquid hydrocarbon pipeline operations, and we could, at times, be subject to environmental cleanup and enforcement actions. We manage this environmental risk through appropriate environmental policies and practices to minimize any impact our operations may have on the environment. To the extent that we are unable to recover environmental liabilities through insurance or other potentially responsible parties, we will be responsible for payment of liabilities arising from environmental incidents associated with the operating activities of our Diluent business. We continue to voluntarily investigate past leak sites on our systems for the purpose of assessing whether any remediation is required in light of current regulations.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;4.&lt;/span&gt;&lt;span style="width: 27pt; display: inline-block;"&gt;&amp;#160;&lt;/span&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold;"&gt;REGULATORY MATTERS&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;Regulatory assets, included in &amp;#8220;other deferred charges&amp;#8221;, are primarily comprised of the following:&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"&gt;
&lt;tbody&gt;
&lt;tr&gt;
&lt;td style="width: 83.35pt; border-bottom: 0.75pt solid #7f7f7f; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #ffffff;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"&gt;&lt;span style="font-family: 'Aptos Display'; font-style: italic;"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"&gt;&lt;span style="font-family: 'Aptos Display'; font-style: italic;"&gt;(in millions)&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 111.05pt; border-bottom: 0.75pt solid #7f7f7f; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #ffffff;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"&gt;&lt;span style="font-family: 'Aptos Display'; font-style: italic;"&gt;AEDC &amp;#8211; Income Tax Expense Impact&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 54.2pt; border-bottom: 0.75pt solid #7f7f7f; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #ffffff;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"&gt;&lt;span style="font-family: 'Aptos Display'; font-style: italic;"&gt;Debt Issue Costs&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 82.95pt; border-bottom: 0.75pt solid #7f7f7f; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #ffffff;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"&gt;&lt;span style="font-family: 'Aptos Display'; font-style: italic;"&gt;Line 13 Exchange&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 82.45pt; border-bottom: 0.75pt solid #7f7f7f; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #ffffff;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"&gt;&lt;span style="font-family: 'Aptos Display'; font-style: italic;"&gt;Total&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 83.35pt; border-right: 0.75pt solid #7f7f7f; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; background-color: #ffffff;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"&gt;&lt;span style="font-family: 'Aptos Display'; font-style: italic;"&gt;Net regulatory asset balance at December 31, 2024&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 111.05pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #f2f2f2;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;10.8&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 54.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #f2f2f2;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;13.8&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 82.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #f2f2f2;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;73.0&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 82.45pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #f2f2f2;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;97.6&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 83.35pt; border-right: 0.75pt solid #7f7f7f; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; background-color: #ffffff;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"&gt;&lt;span style="font-family: 'Aptos Display'; font-style: italic;"&gt;Amortization of prior year asset&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 111.05pt; border-bottom-style: solid; border-bottom-width: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;(0.7)&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 54.2pt; border-bottom-style: solid; border-bottom-width: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;(1.1)&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 82.95pt; border-bottom-style: solid; border-bottom-width: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;(4.4)&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 82.45pt; border-bottom-style: solid; border-bottom-width: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;(6.2)&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 83.35pt; border-right: 0.75pt solid #7f7f7f; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top; background-color: #ffffff;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"&gt;&lt;span style="font-family: 'Aptos Display'; font-style: italic;"&gt;Net regulatory asset balance at December 31, 2025&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 111.05pt; border-top-style: solid; border-top-width: 0.75pt; border-bottom-style: solid; border-bottom-width: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #f2f2f2;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;10.1&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 54.2pt; border-top-style: solid; border-top-width: 0.75pt; border-bottom-style: solid; border-bottom-width: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #f2f2f2;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;12&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;.7&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 82.95pt; border-top-style: solid; border-top-width: 0.75pt; border-bottom-style: solid; border-bottom-width: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #f2f2f2;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;68.6&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 82.45pt; border-top-style: solid; border-top-width: 0.75pt; border-bottom-style: solid; border-bottom-width: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #f2f2f2;"&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;91.4&lt;/span&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/tbody&gt;
&lt;/table&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;Our comparative balance sheet statement for December 31, 202&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;5&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; and 202&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;4&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; included &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;$12.7&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;million and $1&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;3&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;.&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;8&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; million, respectively, for financing costs associated with the establishment of the U.S. Construction Facility in September 2008 and the U.S. Working Capital Facility in September 2010. For further discussion of these facilities, see Note 5 Debt.&lt;/span&gt;&lt;span style="font-family: 'Times New Roman'; -aw-import: spaces;"&gt;&amp;#160; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;Financing costs related to these facilities have been included in our regulatory assets as we are allowed to recover all of the financing costs in establishing these facilities from our shippers as set forth in our settlement agreement with the FERC. Although the related facilities were terminated in 2014, the related financing costs are still recoverable under our settlement agreement with the FERC and will continue to be amortized over the life of the shipper contracts.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"&gt;Allowance for Equity Used During Construction &lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;We have recognized regulatory assets in our comparative balance sheet statement, representing the amounts we are allowed to recover as set forth in our settlement agreement with the FERC, for the effect of income tax expenses we incurred in connection with the income recognized for the Allowance for Equity Used During Construction (AEDC) recorded for the Southern Lights Pipeline. Although we became a nontaxable entity in 2014, the related tax costs are still recoverable under our settlement agreement with the FERC and will continue to be amortized over the life of the shipper contracts. The regulatory assets were reduced at December 31, 2017 in the amount of $15.9 million to reflect the reduction in tax rate`s from the Tax Cuts and Jobs Act that was passed into law on December 22, 2017.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"&gt;Regulatory - Southern Lights Tariff Filing&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;During fiscal year 2025, Southern Lights&amp;#8217; committed and uncommitted transportation rates were governed by FERC&amp;#8209;filed tariffs. Rates effective January 1, 2025 were set out in FERC No. 4.24.0, with committed and uncommitted rates of approximately $3.8608/bbl and $7.7216/bbl, respectively.&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;On May 29, 2025, Southern Lights filed an updated Local Rates tariff with the FERC, FERC No. 4.25.0 (cancelling FERC No. 4.24.0), which became effective July 1, 2025. Under FERC No. 4.25.0, the tariffed committed and uncommitted rates are $3.8608/bbl and $7.7216/bbl, respectively&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;5.&lt;/span&gt;&lt;span style="font-family: 'Times New Roman'; -aw-import: spaces;"&gt;&amp;#160; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold;"&gt;DEBT&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"&gt;Senior Notes&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;In September 2008, we established a $1.17 billion non-revolving construction credit facility, known as the U.S. Construction Facility, with a group of lenders for the purpose of funding capital expenditures that are directly related to the Southern Lights Pipeline and to refinance the indebtedness already incurred to fund such costs.&lt;/span&gt;&lt;span style="font-family: 'Times New Roman'; -aw-import: spaces;"&gt;&amp;#160; &lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;At December 31, 2013, we had $1,061.0 million outstanding under the U.S. Construction Facility bearing interest at a rate of 2.50% per annum. We made no borrowings or principal repayments on the U.S. Construction Facility during the year ended December 31, 2013.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;On August 18, 2014, we completed a private placement of $1.061 billion of senior notes bearing interest at 3.98% per annum.&lt;/span&gt;&lt;span style="font-family: 'Times New Roman'; -aw-import: spaces;"&gt;&amp;#160; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;The proceeds of the private placement were used to repay the existing balance on and terminate the U.S. Construction Facility.&lt;/span&gt;&lt;span style="font-family: 'Times New Roman'; -aw-import: spaces;"&gt;&amp;#160; &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;We made principal payments of &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;$60.8&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;million and $&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;46&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;.6 million in 202&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;5&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; and 202&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;4&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;, respectively, and will make bi-annual payments until the final principal payment is made on June 30, 2040. Included in &amp;#8220;other deferred charges&amp;#8221; on our comparative balance sheet statement for December 31, 202&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;5&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; and 202&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;4&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;, are &lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;$&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;5&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;.&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;9&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; million and $&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;6&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;.&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt;8&lt;/span&gt;&lt;span style="font-family: 'Times New Roman';"&gt; million, respectively, of financing costs associated with the establishment of the U.S. credit facility.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"&gt;&lt;span style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/span&gt;&lt;/p&gt;
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  <ferc:AttestationName id="HHFF6F669FDF86BC2F3884035CAB347780" contextRef="HH6F430EA68AFC29D1DD829B0DDD45FFF4">Nafeesa Kassam</ferc:AttestationName>
  <ferc:AddressOfPrincipalOfficeAtEndOfPeriod id="HH50398303470D1634E801990AA3BDD720" contextRef="HH6F430EA68AFC29D1DD829B0DDD45FFF4">Energy Center Five, 915 N. Eldridge Parkway, Suite 1100, Houston, TX 77079</ferc:AddressOfPrincipalOfficeAtEndOfPeriod>
  <ferc:NameOfContactPerson id="HH55A4B66641BFCB42708054BE097DA9B8" contextRef="HH6F430EA68AFC29D1DD829B0DDD45FFF4">Alan McCoy</ferc:NameOfContactPerson>
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  <ferc:AttestationTitle id="HH05702BA51B82D17315CCBF4B189AAD81" contextRef="HH6F430EA68AFC29D1DD829B0DDD45FFF4">Vice President, Finance</ferc:AttestationTitle>
  <ferc:CorporateOfficerCertificationSignature id="HH820658AE64E7FD1752852BBBD21B18CF" contextRef="HH6F430EA68AFC29D1DD829B0DDD45FFF4">Nafeesa Kassam</ferc:CorporateOfficerCertificationSignature>
  <ferc:AttestationDate id="HH161A0EF1F6EB8CC024EF2D1A0176AAA6" contextRef="HH6F430EA68AFC29D1DD829B0DDD45FFF4">2026-04-20</ferc:AttestationDate>
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  <ferc:AddressOfPrincipalGeneralOfficers id="HHCFF1656CE03D5B7C512CC947D92EBCE2" contextRef="HH8EEECB45D0923997420DE1DDC1D685CB">200, 425 - 1st Street SW, Calgary, AB, Canada T2P 3L8</ferc:AddressOfPrincipalGeneralOfficers>
  <ferc:OfficerTitle id="HH1B290D461321D9EC28A9D9CA77C06AD2" contextRef="HH6F07BA008F9AC20DA80AB277E0E9212A">Corporate Secretary</ferc:OfficerTitle>
  <ferc:AddressOfPrincipalGeneralOfficers id="HH31962B82D61CA8C4380EF1F5F26EF481" contextRef="HH6F07BA008F9AC20DA80AB277E0E9212A">Energy Center Five, 915 N. Eldridge Parkway, Suite 1100, Houston, TX 77079</ferc:AddressOfPrincipalGeneralOfficers>
  <ferc:OfficerTitle id="HH8448AE8E886B75F603EC00F38482BF4D" contextRef="HHCF6E18F5F443F3A01B7935B451301090">Vice President, Finance</ferc:OfficerTitle>
  <ferc:OfficerName id="HH9BF0087AAA4DB35ED10EDE835D0198A9" contextRef="HHCF6E18F5F443F3A01B7935B451301090">Nafessa Kassam</ferc:OfficerName>
  <ferc:OfficerName id="HHB8391D6DFD1B98560F1E0D05E0EA6C73" contextRef="HH18FFC47C9C9AA1507BD394304D066AD3">Stephen J. Neyland</ferc:OfficerName>
  <ferc:AddressOfPrincipalGeneralOfficers id="HHA7C7D9FCB8FB07B1FF69FF316447B8DC" contextRef="HH7FFDA36B1B0729F1B9F6EE9EEDF1E221">Energy Center Five, 915 N. Eldridge Parkway, Suite 1100, Houston, TX 77079</ferc:AddressOfPrincipalGeneralOfficers>
  <ferc:OfficerName id="HH57EAF0F8E756CF7B31EA9F538FC26A77" contextRef="HH345A49D4C6D5391499482E10BAA2DB11">Kevin A. Ruffatto</ferc:OfficerName>
  <ferc:OfficerTitle id="HHC35A1CC3D1E88D4351D9AB08AD6593BA" contextRef="HH75804D7B69D532851E85CB1104A2D510">Senior Vice President, Operations &amp; Engineering, Liquids Pipelines</ferc:OfficerTitle>
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  <ferc:OfficerName id="HH6210057915083C06BDC90E31CFC773EF" contextRef="HH1D48C69A7327B50277D97D0F1CC1E5A4">Michael J. Villegas</ferc:OfficerName>
  <ferc:AddressOfPrincipalGeneralOfficers id="HH55C82EC200D838F6E41C7D7878DF4267" contextRef="HH1D48C69A7327B50277D97D0F1CC1E5A4">Energy Center Five, 915 N. Eldridge Parkway, Suite 1100, Houston, TX 77079</ferc:AddressOfPrincipalGeneralOfficers>
  <ferc:OfficerTitle id="HH797E1A4464554E07F00F51383F97252B" contextRef="HH4A00D593D96D12DB365872A84E273309">Senior Vice President, Projects and Chief Administrative Officer</ferc:OfficerTitle>
  <ferc:OfficerName id="HH317034A67EDE16E99409FCAB0A9E1D27" contextRef="HH4A00D593D96D12DB365872A84E273309">Laura J. Buss Sayavedra</ferc:OfficerName>
  <ferc:AddressOfPrincipalGeneralOfficers id="HH763B3FBCA3F53D8F71BCBAAD0D0AEC31" contextRef="HH4A00D593D96D12DB365872A84E273309">Energy Center Five, 915 N. Eldridge Parkway, Suite 1100, Houston, TX 77079</ferc:AddressOfPrincipalGeneralOfficers>
  <ferc:OfficerTitle id="HH0CF55855AB517196DA53A94E8ABDE680" contextRef="HHAE544482B8B29A6B490147A2F2035FC4">Assistant Corporate Secretary </ferc:OfficerTitle>
  <ferc:AddressOfPrincipalGeneralOfficers id="HH26A19D28CAA4C7FF709750F485F4D171" contextRef="HHAE544482B8B29A6B490147A2F2035FC4">Energy Center Five, 915 N. Eldridge Parkway, Suite 1100, Houston, TX 77079</ferc:AddressOfPrincipalGeneralOfficers>
  <ferc:OfficerTitle id="HHBF26A5D6BA06349290D9C57BFDE46902" contextRef="HHBE94C86524DE944700D9C128F9FA6EB4">Associate General Counsel &amp; Assistant Corporate Secretary</ferc:OfficerTitle>
  <ferc:OfficerName id="HH14C25CD0D186DF929AFC58BE7F84DB5E" contextRef="HHBE94C86524DE944700D9C128F9FA6EB4">Charles D. Drayton</ferc:OfficerName>
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  <ferc:AddressOfPrincipalGeneralOfficers id="HHDEDD80F8954D14DBC0017CA5EF9BBDE0" contextRef="HHCF6E18F5F443F3A01B7935B451301090">200, 425 - 1st Street SW, Calgary, AB, Canada T2P 3L8</ferc:AddressOfPrincipalGeneralOfficers>
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  <ferc:OfficerTitle id="HH3BFF4F40417B9DF01E2AAA786FF3BA21" contextRef="HH7FFDA36B1B0729F1B9F6EE9EEDF1E221">President and Chief Executive Officer</ferc:OfficerTitle>
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  <ferc:NameOfState id="HHB50A1D9C552EAC24FC71191637738F3C" contextRef="HH965CA167094D1AC4FB7AB75F4F191CFC">Minnesota</ferc:NameOfState>
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  <ferc:NumberOfBarrelsReceived id="HHA8A53609ADEBCE73E4B6ACB125B87939" contextRef="HHEDD9987DADBA71B4D762892817A7C0AD" decimals="0" unitRef="HHferc_us_Barrels">64294385</ferc:NumberOfBarrelsReceived>
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  <ferc:StateOfOrigin id="HH659ECD5909E86E29C5EE2129FA4072F2" contextRef="HHEDD9987DADBA71B4D762892817A7C0AD">Illinois</ferc:StateOfOrigin>
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  <ferc:StateOfOrigin id="HHF1F9E0B13EB49FA1FE1220A266BDB863" contextRef="HH45293A278B4EE0B0BCA9776FDE923FDB">International</ferc:StateOfOrigin>
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  <ferc:NumberOfBarrelsDeliveredOut id="HH84D22ACACB35A80C0E85C7D5E5CC7240" contextRef="HH45293A278B4EE0B0BCA9776FDE923FDB" decimals="0" unitRef="HHferc_us_Barrels">64274821</ferc:NumberOfBarrelsDeliveredOut>
  <ferc:PipelineEndPoint id="HHF9375D2DAA8FB37D7B8F7E89E74FD2ED" contextRef="HH5AB514F7BF66BAD78DCBAE1A51C262BA">Streator</ferc:PipelineEndPoint>
  <ferc:MilesOfTrunkLinesForCrudeOilOperated id="HH6AF72CCC415E1B369805CB2332273822" contextRef="HH5AB514F7BF66BAD78DCBAE1A51C262BA" decimals="0" unitRef="HHferc_us_Miles">46</ferc:MilesOfTrunkLinesForCrudeOilOperated>
  <ferc:SizeOfTrunkLinesForCrudeOilOperated id="HH5E7BF2BDDDA20957156D85FC35963867" contextRef="HH5AB514F7BF66BAD78DCBAE1A51C262BA" decimals="0" unitRef="HHferc_us_Inches">20</ferc:SizeOfTrunkLinesForCrudeOilOperated>
  <ferc:NameAndStateOfCompany id="HH19E220BC469B1DA93A6B5D3ED15358A0" contextRef="HH2BFFA8C323CBA433D1781A204D03AA62">Illinois</ferc:NameAndStateOfCompany>
  <ferc:PipelineEndPoint id="HH9B8F7A775EE41F14B05ED1D692E458CF" contextRef="HH2BFFA8C323CBA433D1781A204D03AA62">IL Border</ferc:PipelineEndPoint>
  <ferc:NameAndStateOfCompany id="HHD3537AE074C53EC30A936AE832826CD6" contextRef="HH0805E331FB1246A1866BCB0116F4F103">Wisconsin</ferc:NameAndStateOfCompany>
  <ferc:PipelineEndPoint id="HH61BB1457972A45FE1C626D079FED30E5" contextRef="HH0805E331FB1246A1866BCB0116F4F103">Superior</ferc:PipelineEndPoint>
  <ferc:NameAndStateOfCompany id="HH11475C6879C74676494BBAF6DE3BF237" contextRef="HH37626EDD07D705E64F532713C41E44E2">Wisconsin</ferc:NameAndStateOfCompany>
  <ferc:MilesOfTrunkLinesForCrudeOilOperated id="HHBA3011E34DA574EEBEB8E2D5506EA39E" contextRef="HH37626EDD07D705E64F532713C41E44E2" decimals="0" unitRef="HHferc_us_Miles">13</ferc:MilesOfTrunkLinesForCrudeOilOperated>
  <ferc:NameAndStateOfCompany id="HH005D3A9175AB00F3090F7932F97BCD32" contextRef="HH532A08F49463D5B936142BC9DA762862">Minnesota</ferc:NameAndStateOfCompany>
  <ferc:PipelineEndPoint id="HH6B28B521FE5427A1306A4B43E17E076C" contextRef="HH532A08F49463D5B936142BC9DA762862">Clearbrook</ferc:PipelineEndPoint>
  <ferc:MilesOfTrunkLinesForCrudeOilOperated id="HHD8D55BC83B01AFA6EA02792A2D5E984A" contextRef="HH532A08F49463D5B936142BC9DA762862" decimals="0" unitRef="HHferc_us_Miles">177</ferc:MilesOfTrunkLinesForCrudeOilOperated>
  <ferc:SizeOfTrunkLinesForCrudeOilOperated id="HH980459ABAF6167D59A5E39E58A46A6A6" contextRef="HH532A08F49463D5B936142BC9DA762862" decimals="0" unitRef="HHferc_us_Inches">20</ferc:SizeOfTrunkLinesForCrudeOilOperated>
  <ferc:NameAndStateOfCompany id="HH6430D640534A37778E8390D7C375BFE7" contextRef="HHCBBC5762A7744617D5D587C14333E134">Minnesota</ferc:NameAndStateOfCompany>
  <ferc:PipelineEndPoint id="HHCA30D978572E62278F2E33A69796B825" contextRef="HHCBBC5762A7744617D5D587C14333E134">MN Border</ferc:PipelineEndPoint>
  <ferc:SizeOfTrunkLinesForCrudeOilOperated id="HHE5FA06BADC3DD8B1D8EAB03C54DFE5F0" contextRef="HHCBBC5762A7744617D5D587C14333E134" decimals="0" unitRef="HHferc_us_Inches">18</ferc:SizeOfTrunkLinesForCrudeOilOperated>
  <ferc:NameAndStateOfCompany id="HHE3DAD8DBEC276A593E2E97D30AEC1326" contextRef="HHCD34BA4C772B0223D7BB460F5BFDEE4A">North Dakota</ferc:NameAndStateOfCompany>
  <ferc:MilesOfTrunkLinesForCrudeOilOperated id="HHEE95392C9A70891444E0B1810E939208" contextRef="HHCD34BA4C772B0223D7BB460F5BFDEE4A" decimals="0" unitRef="HHferc_us_Miles">28</ferc:MilesOfTrunkLinesForCrudeOilOperated>
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  <link:footnoteLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="#HH61195969E8DB57EBC71E91F85A2B07CA" xlink:label="HH61195969E8DB57EBC71E91F85A2B07CA" />
    <link:footnote xlink:type="resource" xlink:label="HH45BF75458CA26A1C8D25099EDD0286BA" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en">
      <div xmlns="http://www.w3.org/1999/xhtml">
        <p>Management believes that the information on this page has been prepared in accordance with the Commission's Opinion 154-B methodology. This presentation on page 700 is not necessarily in the form in which it would appear in connection with a challenge to a particular rate, or rates, and is therefore not intended to be binding in any specific rate litigation.</p>
        <p>&#160;</p>
        <p>
          <span style="font-weight: bold;">Notes:</span>
        </p>
        <p>Totals may not add due to rounding</p>
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