C002096 2026-01-01 2026-03-31 C002096 2026-03-31 C002096 2025-01-01 2025-03-31 C002096 2025-03-31 C002096 2026-01-01 2026-01-31 C002096 2026-02-01 2026-02-28 C002096 2026-03-01 2026-03-31 C002096 2025-12-31 C002096 2024-12-31 C002096 1 2026-01-01 2026-03-31 C002096 1 2025-12-31 C002096 1 2026-03-31 C002096 2 2026-01-01 2026-03-31 C002096 2 2025-12-31 C002096 2 2026-03-31 C002096 1 2026-01-01 2026-03-31 C002096 1 2025-12-31 C002096 1 2026-03-31 C002096 2 2026-01-01 2026-03-31 C002096 2 2025-12-31 C002096 2 2026-03-31 C002096 ferc:GasUtilityMember 2026-01-01 2026-03-31 C002096 ferc:GasUtilityMember 2025-01-01 2025-03-31 C002096 1 2026-01-01 2026-03-31 C002096 1 2025-01-01 2025-03-31 C002096 1 2026-01-01 2026-03-31 C002096 1 2025-01-01 2025-03-31 C002096 1 2026-01-01 2026-03-31 C002096 1 2025-01-01 2025-03-31 C002096 2 2026-01-01 2026-03-31 C002096 2 2025-01-01 2025-03-31 C002096 3 2026-01-01 2026-03-31 C002096 3 2025-01-01 2025-03-31 C002096 4 2026-01-01 2026-03-31 C002096 4 2025-01-01 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C002096 19 Natural Gas Pipeline Company of America LLC 2026-01-01 2026-03-31 C002096 20 Natural Gas Pipeline Company of America LLC 2026-01-01 2026-03-31 C002096 21 Natural Gas Pipeline Company of America LLC 2026-01-01 2026-03-31 C002096 37 Natural Gas Pipeline Company of America LLC 2026-01-01 2026-03-31 C002096 38 Natural Gas Pipeline Company of America LLC 2026-01-01 2026-03-31 C002096 39 Natural Gas Pipeline Company of America LLC 2026-01-01 2026-03-31 C002096 40 Natural Gas Pipeline Company of America LLC 2026-01-01 2026-03-31 C002096 41 Natural Gas Pipeline Company of America LLC 2026-01-01 2026-03-31 C002096 42 Natural Gas Pipeline Company of America LLC 2026-01-01 2026-03-31 C002096 36 Natural Gas Pipeline Company of America LLC 2026-01-01 2026-03-31 xbrli:pure iso4217:USD utr:dth 14985284 7425327 603974 603974 1020509724 589761537 4279657335 2626131169 42527191 12061564 5358283508 3235983571 245058 245058 5901215 5901215 22344864 22344864 919926 919926 29166005 245058 29411063 5358283508 5358283508 5358283508 5358283508 181713397 181713397 5539996905 5539996905 3235983571 3235983571 2304013334 2304013334 3228558244 3228558244 7425327 7425327 3235983571 3235983571 Income Tax Gross-up on AFUDC Equity Remaining life of assets Docket No. AI93-5-000 issued April 23, 1993 (Accounting for Income Taxes) 7255756 407.3 112905 7142851 FERC Annual Charge Adjustment 12 months ending September 30 18 CFR 154.402(a) and 18 CFR 382.202 2475208 928 825070 1650138 9730964 937975 8792989 1 2 Deferred Income Tax Rate Adjustment (amortized through June 2038) 125029283 411.1 2508612 122520671 Order 637 Penalty Revenues 399712 Various 611083 1039378 828007 125428995 3119695 1039378 123348678 1 2 3856774 147500 3856774 147500 272553767 720733055 26135898 116250294 247509 90090 465043 303349081 303349081 Rate Schedule NSS 47625929 8381749 8381749 23875938 8381749 8381749 7141241 8381749 8381749 Rate Schedule DSS 16764460 12533324 8309402 Fuel Recovery 250570 250570 526288 526288 542398 542398 Estimates -36777 -36777 -275718 -275718 -16110 -16110 64390389 8595542 8595542 36409262 8632319 8632319 15450643 8908037 8908037 1 2 3 4 5358283508 5325350333 144077522 5469427855 3209621272 2259806583 2304013334 2259806583 179670214 179670214 19530310 4415902 113259 113259 8932090 8798952 661829 185324 9707178 9097535 14316932 881377 60260 85261158 105312883 154344 252238 34288844 31649363 71499811 65375838 196 30236479 38177839 3072320 1223074 238168255 242747548 1361457 1363216 24639620 25458472 31721681 31367626 66515747 67920278 2817605038 2763658060 555900938 555900938 1601970078 1581447441 847559 714421 -1647613 -1647613 2157070962 2136415187 113710 432818 113710 432818 76612123 68465205 16719470 18848067 18603357 5111377 24912352 28984032 35141170 28255767 164040 432818 172038802 149664448 13691506 4140003 381008 388508 8688749 3674748 335437572 336935741 6834051 6577612 488381564 477145607 2817605038 2763658060 269419715 303349081 269419715 82383848 70346458 82383848 70346458 15627355 14673823 15627355 14673823 29166005 28593963 29166005 28593963 245058 221383 245058 221383 112905 104711 112905 104711 41038 41038 11046521 11010886 11046521 11010886 35151012 29424236 35151012 29424236 6994288 5934856 6994288 5934856 323729 1689183 323729 1689183 4362842 3858741 4362842 3858741 176687879 158099720 176687879 158099720 126661202 111319995 126661202 111319995 383138 37743 426886 587362 -17 114437 2048844 104474 2858851 844016 5555 4497 5555 4497 658859 229998 96858 34209 2006 29413 67290 88201 7500 7500 682933 197919 2170363 641600 1297 650 138476 938412 427981 -798639 -427331 129630204 112388926 129630204 112388926 -1647613 -1647613 112388926 -1647613 -1647613 -1647613 129630204 -1647613 Distributions to Members 108974429 87361918 1 40795292 40795292 15114408 7145142 28383523 29078697 4629164 33707861 3267640 4231098 4231098 9704976 3257920 12962896 4020391 16942 8999457 26312428 6534384 5685116 1272065 198720 1217994 220924 54478421 415114 329 7666943 3730104 494246 62699 12369435 66847856 79810752 5899673 138601 170138 961324 358505 531951 4138690 825070 767480 518197 13969353 13969353 1581447441 1426907259 129247066 112351183 250000 1601970078 1451896524 1451896524 316622 250000 354365 234117 1411640 913219 2558976 1396040 8417609 5445525 15259174 805 489.2 11517 42114 34628 88259 68676 251126 206487 526289 805 489.4 245634 1453754 947847 2647235 1464716 8668735 5652012 15785463 162987 982751 635762 1781500 971891 5860145 3791049 10623085 854 810 24427 89324 73445 187196 145658 532639 437953 1116250 819 810 187414 1072075 709207 1968696 1117549 6392784 4229002 11739335 7153 43129 27901 78183 42653 257178 166374 466205 856/863 812 2501 9145 7520 19166 14913 54532 44842 114287 817/821 812 9654 52274 35421 97349 57566 311710 211216 580492 19191 115713 74858 209762 114436 689997 446378 1250811 813 812 19191 115713 74858 209762 114436 689997 446378 1250811 44786 270047 174698 489531 267060 1610289 1041724 2919073 -15411 -56355 -46337 -118103 -91895 -336045 -276308 -704248 29375 213692 128361 371428 175165 1274244 765416 2214825 29375 213692 128361 371428 175165 1274244 765416 2214825 164.1 808.2 Other dispositions 29375 213692 128361 371428 175165 1274244 765416 2214825 Gas due from shippers 44 49 245617 1442182 907036 2594835 657271 3859280 2427228 6943779 805 489.2 10365 120564 71761 202690 27737 322629 192032 542398 805 489.4 255982 1562746 978797 2797525 685008 4181909 2619260 7486177 153683 902379 567536 1623598 411256 2414766 1518726 4344748 854 810 6153 71571 42600 120324 16465 191524 113998 321987 819 810 159836 973950 610136 1743922 427721 2606290 1632724 4666735 9094 53394 33581 96069 24336 142882 89863 257081 856/863 812 512 5953 3543 10008 1370 15930 9481 26781 817/821/833 812 9606 59347 37124 106077 25706 158812 99344 283862 24364 143054 89972 257390 65198 382813 240765 688776 813 812 24364 143054 89972 257390 65198 382813 240765 688776 58476 343355 215947 617778 156481 918819 577874 1653174 3700 43040 25618 72358 9902 115175 68553 193630 62176 386395 241565 690136 166383 1033994 646427 1846804 62176 386395 241565 690136 166383 1033994 646427 1846804 164.1 808.2 Other dispositions 62176 386395 241565 690136 166383 1033994 646427 1846804 Gas due from shippers 289234 1611470 987865 2888569 1494761 8328078 5105286 14928125 805 489.2 4445 20994 23046 48485 22972 108496 119102 250570 805 489.4 293679 1632464 1010911 2937054 1517733 8436574 5224388 15178695 223063 1242797 761860 2227720 1152790 6422775 3937292 11512857 854 810 20398 96339 105756 222493 105417 497880 546547 1149844 819 810 243461 1339136 867616 2450213 1258207 6920655 4483839 12662701 8775 48888 29969 87632 45349 252653 154880 452882 856/863 812 2654 12536 13762 28952 13716 64786 71122 149624 817/821 812 11429 61424 43731 116584 59065 317439 226002 602506 23616 131576 80659 235851 122047 679985 416846 1218878 813 812 23616 131576 80659 235851 122047 679985 416846 1218878 33780 188209 115377 337366 174575 972665 596268 1743508 -18607 -87881 -96472 -202960 -96161 -454170 -498567 -1048898 15173 100328 18905 134406 78414 518495 97701 694610 15173 100328 18905 134406 78414 518495 97701 694610 164.1 808.2 Other dispositions 15173 100328 18905 134406 78414 518495 97701 694610 Gas due from shippers 650799712 27781348 678581060 Natural Gas Pipeline Company of America LLC 720733055 116250294 1103806 5171191 147500 5492350 2889464 POA Cashouts 331501 Transportation Cashouts 377776 System Gas - Imbalances -1103806 Line Pack 485954 System Gas - Line Pack -485954 System Gas - Net LPS 575160 851968291 147500 720733055 116250294 1636678 5171191 1798963 6162831 Net LPS 575160 Other Uses of Fuel Gas 320010 Line Pack 280163 System Gas Line Pack -280163 POA Cashouts 271 System Gas Imbalances -1636678 Transportation Cashouts 106013 851265288 703003 851968291 16 17 18 19 20 21 36 37 38 39 40 41 42 <div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 18pt;">1. None.</font></p></div> <div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 24px;">2. None.</font></p></div> <div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 24px;">3. None.</font></p></div> <div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 24px;">4. None.</font></p></div> <div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 24px;">5. None.</font></p></div> <div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 24px;">6. None.</font></p></div> <div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 24px;">7. None.</font></p></div> <div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 24px;">8. None.</font></p></div> <div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 24px;">9. See Page 122.1, Notes to Financial Statements, Note 5 "Litigation and Environmental." </font></p></div> <div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 24px;">10. None.</font></p></div> <div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 24px;">11. None.</font></p></div> <div><p><font style="font-size: 18.0pt; font-family: 'Arial',sans-serif; color: black;">12. None.</font></p></div> <div><p><font style="font-family: arial, helvetica, sans-serif; font-size: 24px;">13. N/A.</font></p></div> Amortization of intangible plant 245058 221383 245058 221383 1 Change in system balancing gas -15114408 -9158471 Change in gas imbalances 15114408 9158471 Change in fair value of derivative contracts -2118024 7305558 Change in park and loan service revenue deferrals 4723562 651107 Change in prepayments -196 -572510 Change in other assets and liabilities 192947 324723 2798289 7708878 1 2 3 4 5 6 Change in preliminary survey and investigation charges 56209 288360 Net salvage/(cost of removal) 1988868 364460 Change in customer advances for construction -10987413 4294563 -8942336 4947383 1 2 3 Distributions to Members 108974429 87361918 108974429 87361918 1 29166005 28593963 -4104397 -2228346 -7500 -7500 -20149619 -10614752 8763454 7856214 1533722 -7225211 -937975 -845733 428295 223023 938395 542418 133138 37743 170942283 142699226 58473290 41295069 938395 542418 48592559 45700034 -48592559 -45700034 -108974429 -87361918 13375295 9637274 941637 2172464 14316932 11809738 Rate Schedule FTS 241619586 342162 64525229 64867391 203593197 289104 67104005 67393109 218997362 304963 62145677 62450640 Rate Schedule FTS-G 471506 707 202174 202881 290308 435 125225 125660 104090 156 40637 40793 Rate Schedule FFTS 33360 33360 Rate Schedule ITS 6087414 8647 778944 787591 5905909 8684 793053 801737 6001040 6521 660109 666630 Rate Schedule DSS 16784267 25176 6222701 6247877 12553822 18831 6221264 6240095 8324554 12487 6218669 6231156 Rate Schedule IBS 786298 786298 412574 412574 486233 486233 Rate Schedule LPS 5082242 5082242 8786991 8786991 6875475 6875475 POA Agreements 10755 10755 8098 8098 6185 6185 Fuel Recovery 14928125 14928125 15259174 15259174 6943778 6943778 Estimates -37888 -2313505 -2351393 17131 -3075079 -3057948 -4854 -184529 -189383 Commission Approved Capacity Lease Revenue 825881 825881 825881 825881 825881 825881 264962773 338804 91082204 91421008 222343236 334185 96461186 96795371 233427046 319273 84018115 84337388 1 2 3 4 5 6 7 8 9 10 11 147500 -499252 -499252 4001376 4001376 354650 354650 16726 16726 230783 230783 30 30 80830 80830 9230 9230 56076 56076 180507 180507 228460 228460 56106 56106 278063 278063 468473 468473 329500662 338804 99234600 99573404 258752498 334185 109372944 109707129 248877689 319273 93749275 94068548 Vicki A. Phillips Vice President /s/ Vicki A. Phillips 2026-05-28 2/3-Q Natural Gas Pipeline Company of America LLC C002096 2026 Q1 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 2026-03-31 IRIS Carbon <div><!--?xml version="1.0" encoding="utf-8" standalone="no"?--> <div> <div class="Section_1"> <p style="margin-top: 0pt; margin-bottom: 12pt; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">1. General</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Organization</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We are a Delaware Limited Liability Company (LLC), originally organized as a corporation in 1930 and converted to an LLC on February 15, 2008. When we refer to "us," "we," "our," "the Company," or &#8220;Natural&#8221; we are describing Natural Gas Pipeline Company of America LLC.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We are an indirect wholly owned subsidiary of NGPL Holdings LLC (NGPL Holdings)</font><font style="font-family: Arial;">. Funds managed by ArcLight Capital Partners, LLC and Kinder Morgan, Inc. (KMI) hold a 62.5% and 37.5% interest, respectively, in NGPL Holdings. KMI operates our assets pursuant to a 15-year amended Operations and Reimbursement Agreement with a primary term that expires in June 2038, and includes 5-year term extension rights.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Basis of Presentation</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We have prepared our accompanying financial statements in accordance with the accounting requirements of the Federal Energy Regulatory Commission 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. In management&#8217;s opinion, these financial statements reflect normal and recurring adjustments that are necessary for a fair presentation of our financial results for the interim periods presented, and adequate disclosures have been made to make the information presented not misleading. These interim financial statements should be read along with the financial statements and related notes included in our 2025 Annual Report of Major Natural Gas Companies on Form No. 2.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Management has evaluated subsequent events through May 28, 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;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">2. Risk Management</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Certain of our business activities expose us to risks associated with unfavorable changes in the market price of natural gas. Pursuant to our management&#8217;s approved risk management policy, we use derivative contracts to hedge or reduce our exposure to this risk.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Energy Commodity Price Risk Management</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">As of March 31, 2026, we had the following outstanding commodity forward contracts to hedge our forecasted energy commodity purchases and sales:</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <table style="border: 1pt solid #000000; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 25.2pt;"> <td style="width: 514.7pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 2.9pt; padding-left: 2.9pt; 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;">Derivatives not designated as hedging contracts</font></p> </td> <td style="width: 374.2pt; border-bottom: 4.5pt solid #000000; padding-right: 2.9pt; padding-left: 4.9pt; 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;">Net open position long/(short)</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 514.7pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.9pt; padding-left: 2.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Natural gas fixed price</font></p> </td> <td style="width: 374.2pt; border-bottom: 1pt solid #000000; padding-right: 2.9pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 5.4pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(8.7) billion cubic feet</font></p> </td> </tr> <tr style="height: 25.2pt;"> <td style="width: 514.7pt; border-right: 1pt solid #000000; padding-right: 2.9pt; padding-left: 2.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">Natural gas basis</font></p> </td> <td style="width: 374.2pt; padding-right: 2.9pt; padding-left: 4.9pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 5.4pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">(3.2) billion cubic feet</font></p> </td> </tr> </table> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">As of March 31, 2026, the maximum length of time over which we have hedged, for economic purposes, our exposure to the variability in future cash flows associated with energy commodity price risk is through December 2027.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The following table summarizes the fair values of our energy commodity derivative contracts, which measurements were based on Level 1 and Level 2 inputs, and are included in our balance sheet (in millions):</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <table style="width: 905.05pt; margin-right: 9pt; margin-left: 9pt; border: 1pt solid #000000; border-collapse: collapse; float: left;" cellspacing="0" cellpadding="0"> <tr style="height: 20.05pt;"> <td style="width: 448.5pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; vertical-align: middle;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 71.5pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; vertical-align: middle;"> <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: 174.8pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.3pt; 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;">March 31, 2026</font></p> </td> <td style="width: 188.35pt; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.3pt; 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;">December 31, 2025</font></p> </td> </tr> <tr style="height: 19.25pt;"> <td style="width: 440.7pt; border-right: 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;">Derivative Instrument Assets </font></p> </td> <td style="width: 62.3pt; border-right: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">175</font></p> </td> <td style="width: 11.15pt; padding-right: 6.05pt; padding-left: 5.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 161.5pt; border-right: 1pt solid #000000; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">3</font></p> </td> <td style="width: 18.65pt; padding-right: 4.4pt; padding-left: 6.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 157.6pt; padding-right: 5.55pt; padding-left: 5.3pt; 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> </table> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;">&#160;</p> <p style="margin-top: 0pt; margin-left: 54pt; margin-bottom: 0pt; text-indent: -36pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-left: 54pt; margin-bottom: 0pt; text-indent: -36pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">The following table summarizes the pre-tax impact of our derivative contracts on our income statements (in millions):</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">&#160;</font></p> <table style="width: 904.5pt; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 20.65pt;"> <td style="width: 440.25pt; border-right: 1pt solid #000000; border-left: 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; font-weight: bold; -aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 64pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.3pt; vertical-align: bottom; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold; -aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 372.05pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.3pt; vertical-align: bottom; -aw-border-top: 0.5pt single;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Gain/(Loss) recognized in income on derivatives</font></p> </td> </tr> <tr style="height: 20.65pt;"> <td style="width: 440.25pt; 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;" rowspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Derivatives not designated as accounting hedges</font></p> </td> <td style="width: 64pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.3pt; vertical-align: bottom;" rowspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Account</font></p> </td> <td style="width: 372.05pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.3pt; vertical-align: bottom; -aw-border-top: 0.5pt single;" colspan="4"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">Three months ended March 31,</font></p> </td> </tr> <tr style="height: 20.1pt;"> <td style="width: 174.05pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.3pt; 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;">2026</font></p> </td> <td style="width: 188.3pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 3.9pt; padding-left: 5.3pt; 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> </tr> <tr style="height: 19.3pt;"> <td style="width: 440.25pt; 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;">Energy commodity derivative contracts</font></p> </td> <td style="width: 64pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 14.9pt; border-bottom: 1pt solid #000000; padding-right: 6.05pt; padding-left: 5.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 157pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 3.65pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 16.55pt; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 6.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 159.65pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.55pt; padding-left: 5.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> </tr> <tr style="height: 19.9pt;"> <td style="width: 440.25pt; 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;">Transportation revenue</font></p> </td> <td style="width: 64pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">400</font></p> </td> <td style="width: 14.9pt; border-bottom: 1pt solid #000000; padding-right: 6.05pt; padding-left: 5.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 157pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 8.25pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> <td style="width: 16.55pt; border-bottom: 1pt solid #000000; padding-right: 4.4pt; padding-left: 6.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 159.65pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.55pt; padding-left: 5.3pt; 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: 19.9pt;"> <td style="width: 440.25pt; 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;">Sales for resale</font></p> </td> <td style="width: 64pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">400</font></p> </td> <td style="width: 14.9pt; border-bottom: 4.5pt solid #000000; padding-right: 6.05pt; padding-left: 5.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 157pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 8.25pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2</font></p> </td> <td style="width: 16.55pt; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 6.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 159.65pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.55pt; padding-left: 5.3pt; 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> <tr style="height: 19.9pt;"> <td style="width: 440.25pt; 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: 64pt; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 3.9pt; padding-left: 5.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 14.9pt; border-bottom: 4.5pt solid #000000; padding-right: 6.05pt; padding-left: 5.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 157pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 8.25pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2</font></p> </td> <td style="width: 16.55pt; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; padding-left: 6.05pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 159.65pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 5.55pt; padding-left: 5.3pt; 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> </tr> </table> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;">&#160;</p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">In conjunction with certain derivative contracts, we are required to provide collateral to and receive collateral from our counterparties through restricted cash deposits placed in margin accounts. As of March 31, 2026 and December 31, 2025, we had cash margin deposits of zero and $1 million, respectively, posted with our counterparties and recorded in Account 134 &#8220;Other Special Deposits&#8221; on our balance sheets.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold; -aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">3. Related Party Transactions</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Proprietary Capital</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">During the three months ended March 31, 2026 and 2025, we made distributions totaling $109 million and $87 million, respectively, to our Members.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">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;"> &#160;</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 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;"> &#160;</font></p> <table style="width: 906pt; border: 1pt solid #000000; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 88.95pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; 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;">Account</font></p> </td> <td style="width: 496.82pt; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; vertical-align: middle; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 156.55pt; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">March 31, 2026</font></p> </td> <td style="width: 147.2pt; border-left: 0.75pt dashed #bbbbbb; border-bottom: 4.5pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;" colspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">December 31, 2025</font></p> </td> </tr> <tr style="height: 25.2pt; -aw-height-rule: exactly;"> <td style="width: 84.15pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; 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: 490.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <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: 9.2pt; border-top: 4.5pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.3pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 138.75pt; border-top: 4.5pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 4.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">9</font></p> </td> <td style="width: 14.3pt; border-top: 4.5pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.3pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 124.3pt; border-top: 4.5pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 4.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 6.8pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">8</font></p> </td> </tr> <tr style="height: 21.6pt; -aw-height-rule: exactly;"> <td style="width: 84.15pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">186</font></p> </td> <td style="width: 490.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Capacity contract levelization</font></p> </td> <td style="width: 9.2pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.3pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 138.75pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 4.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1</font></p> </td> <td style="width: 14.3pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.3pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 124.3pt; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 4.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 6.8pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">1</font></p> </td> </tr> <tr style="height: 21.6pt; -aw-height-rule: exactly;"> <td style="width: 84.15pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">234</font></p> </td> <td style="width: 490.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <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: 9.2pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.3pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 138.75pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 4.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">17</font></p> </td> <td style="width: 14.3pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.3pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 124.3pt; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 4.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 6.8pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">19</font></p> </td> </tr> <tr style="height: 21.6pt; -aw-height-rule: exactly;"> <td style="width: 84.15pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">242</font></p> </td> <td style="width: 490.9pt; border-top: 0.75pt dashed #bbbbbb; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <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: 9.2pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.3pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 138.75pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 4.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">10</font></p> </td> <td style="width: 14.3pt; border-top: 0.75pt dashed #bbbbbb; border-left: 0.75pt dashed #bbbbbb; border-bottom: 1pt solid #000000; padding-right: 4.3pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap; -aw-border-top: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 124.3pt; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 2.4pt; padding-left: 4.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 6.8pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">10</font></p> </td> </tr> <tr style="height: 21.6pt; -aw-height-rule: exactly;"> <td style="width: 84.15pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; padding-right: 2.4pt; padding-left: 2.4pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 16pt;"><font style="font-family: Arial;">252</font></p> </td> <td style="width: 490.9pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; padding-right: 2.4pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-right: 3.75pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">Customer advances for construction</font></p> </td> <td style="width: 9.2pt; border-top: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; padding-right: 4.3pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 138.75pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; padding-right: 2.4pt; padding-left: 4.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 6pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">8</font></p> </td> <td style="width: 14.3pt; border-top: 1pt solid #000000; border-left: 0.75pt dashed #bbbbbb; padding-right: 4.3pt; padding-left: 3.52pt; vertical-align: bottom; -aw-border-left: 0.75pt dash-large-gap;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 124.3pt; border-top: 1pt solid #000000; padding-right: 2.4pt; padding-left: 4.3pt; vertical-align: bottom;"> <p style="margin-top: 0pt; margin-right: 6.8pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">-</font></p> </td> </tr> </table> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">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;"> &#160;</font></p> <table style="width: 905.5pt; border-collapse: collapse;" cellspacing="0" cellpadding="0"> <tr> <td style="width: 584.1pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.4pt; vertical-align: top; -aw-border-bottom: 0.5pt single;" rowspan="2"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 304.45pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; 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;">Three Months Ended March 31,</font></p> </td> </tr> <tr> <td style="width: 151.45pt; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; 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;">2026</font></p> </td> <td style="width: 142.45pt; border-top: 1pt solid #000000; border-right: 1pt solid #000000; border-bottom: 4.5pt solid #000000; padding-right: 4.4pt; 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> </tr> <tr> <td style="width: 584.22pt; border: 0.75pt solid #000000; padding-right: 4.53pt; vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin: 0pt 3.6pt 0pt 4.5pt; font-size: 16pt;"><font style="font-family: Arial;">Revenues</font></p> </td> <td style="width: 11.98pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.65pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 139.1pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.53pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-right: 4.3pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">4</font></p> </td> <td style="width: 16.48pt; border-top: 4.5pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.65pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial;">$</font></p> </td> <td style="width: 125.6pt; border-top: 4.5pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.53pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single;"> <p style="margin-top: 0pt; margin-right: 4.55pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">3</font></p> </td> </tr> <tr> <td style="width: 584.22pt; border: 0.75pt solid #000000; padding-right: 4.53pt; vertical-align: bottom; -aw-border: 0.5pt single;"> <p style="margin: 0pt 3.6pt 0pt 4.5pt; font-size: 16pt;"><font style="font-family: Arial;">Operation, maintenance and payroll tax expenses </font></p> </td> <td style="width: 11.98pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.65pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 139.1pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.53pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-right: 4.3pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">31</font></p> </td> <td style="width: 16.48pt; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.65pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-left: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 125.6pt; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 4.53pt; vertical-align: bottom; -aw-border-bottom: 0.5pt single; -aw-border-right: 0.5pt single; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-right: 4.55pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">30</font></p> </td> </tr> <tr> <td style="width: 584.1pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-left: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; vertical-align: bottom; -aw-border-top: 0.5pt single;"> <p style="margin: 0pt 3.6pt 0pt 4.5pt; font-size: 16pt;"><font style="font-family: Arial;">Capitalized costs</font></p> </td> <td style="width: 12.35pt; border-top: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.65pt; vertical-align: bottom; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 139.1pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; vertical-align: bottom; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-right: 4.3pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">6</font></p> </td> <td style="width: 16.85pt; border-top: 0.75pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 5.65pt; vertical-align: bottom; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> &#160;</font></p> </td> <td style="width: 125.6pt; border-top: 0.75pt solid #000000; border-right: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-right: 4.4pt; vertical-align: bottom; -aw-border-top: 0.5pt single;"> <p style="margin-top: 0pt; margin-right: 4.55pt; margin-bottom: 0pt; text-align: right; font-size: 16pt;"><font style="font-family: Arial;">2</font></p> </td> </tr> </table> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">4. 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;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Texas-Louisiana Expansion Project (Docket No. CP24-8-000)</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">On November 21, 2024, we received FERC approval to construct the Texas-Louisiana Expansion Project. Specifically, we requested authority to construct and operate approximately 21,540 horsepower (hp) of new compression at Compressor Station 302 located in Montgomery County, Texas, and related auxiliary facilities at Compressor Station 343 located in Liberty County, Texas. The project will create 300,000 dekatherms (dth) per day of incremental firm capacity on our existing mainline facilities along the Texas-Louisiana Gulf Coast region. The filed cost of the project is approximately $72 million with an expected in-service date of July 2026.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Gulf Coast Storage Expansion Project (Docket No. CP25-52-000)</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">On December 4, 2025, we received FERC approval to construct the Gulf Coast Storage Expansion Project. Specifically, we will convert approximately 10 billion cubic feet (bcf) of cushion gas to working gas through the installation of a new electric motor drive compressor unit at our existing Compressor Station 388 and construction of approximately 5.88 miles of 30-inch loop line at our North Lansing natural gas storage facility in East Texas. The project will enable us to provide an incremental 10 bcf of firm storage services. We have agreements with various shippers for all of the project capacity. The estimated total cost of the project is approximately $97 million with a targeted in service in the first half of 2027.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Texas-Arkansas Power Project (Docket No. CP26-46-000)</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic; -aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">On December 18, 2025, we filed an application with the FERC seeking authority to construct and install new and modified facilities at an existing compressor station on our Gulf Coast Mainline system. Specifically, we seek to (i) abandon nine compressor units with a total of 30,850 hp; (ii) install two new centrifugal compressor units with a combined total of 40,964 hp; and (iii) install modified plant yard piping to allow for bi-directional flow through Compressor Station 308. This project will provide 400,000 dth per day of firm transportation service to serve new and existing gas-fired power generation demand in Texas and Arkansas. The filed cost of the project is approximately $125 million with an expected in-service date of November 1, 2028.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; -aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">5. Litigation and Environmental</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Legal Matters</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">We are party to various legal, regulatory, and other matters arising from the day-to-day operations of our business or certain predecessor operations that may result in claims against the Company. Although no assurance can be given, we believe, based on our experiences to date and taking into account 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;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Environmental Matters</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">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.</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-weight: bold;">6. Recent Accounting Pronouncement</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="-aw-import: ignore;"> &#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial; font-style: italic;">Accounting Standards Update (ASU) No. 2025-06</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">&#160;</font></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: Arial;">On September 18, 2025, the Financial Accounting Standards Board issued ASU No. 2025-06, &#8220;</font><font style="font-family: Arial; font-style: italic;">Intangibles&#8212;Goodwill and Other&#8212;Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software.</font><font style="font-family: Arial;">&#8221; 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 our financial statements.</font></p> </div> </div></div> Allowance for other funds used during construction $ 114,437 Allowance for borrowed funds used during construction 427,981 Total $ 542,418 Account 131 - Cash $ 359,735 Account 134 - Other special deposits 11,431,424 Account 136 - Temporary cash investments 18,579 Total $ 11,809,738 Recorded pursuant to Docket No. AI93-5-000 issued on April 23, 1993 (Accounting for Income Taxes). Recorded pursuant to Section 12.8 of the General Terms and Conditions of our FERC Gas Tariff. Account Amount 142 $ 609,317 146 1,766 Total $ 611,083 Forward purchases and sales of natural gas. Fuel recovery volumes (shipper supplied gas for storage): Dth January activity 48,485 February activity 88,259 March activity 202,690 Total storage fuel recovery activity 339,434 Plus transmission fuel recovery activity 8,042,380 Total fuel retained for the quarter 8,381,814 Fuel recovery volumes (shipper supplied gas for transmission): Dth January activity 2,888,569 February activity 2,558,976 March activity 2,594,835 Total Transmission fuel recovery activity 8,042,380 These revenues are associated with the LPS agreements. The net monthly LPS Receipts/(Deliveries) volume activity for the quarter is as follows: Dth Net LPS Receipts/(Deliveries) Balance - Beginning of Quarter 207,248 Month 1 net activity (449,043) Month 2 net activity (4,163,198) Month 3 net activity 4,037,081 Net Quarterly Activity (575,160) Net LPS Receipts/(Deliveries) Balance - End of Quarter (367,912) Allowance for other funds used during construction $ (17) Allowance for borrowed funds used during construction 938,412 Total $ 938,395 Equity in earnings of subsidiary companies $ 37,743 Net increase in utility plant accruals $ 14,386,079 The value of this gas is based on the Average Monthly Index Price provided for in our tariff. This footnote applies to all periods within the quarter. 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 reported amounts have been allocated to discounted, negotiated, or recourse rate contracts based on reasonable assumptions. Line 14 dekatherms do not include electric compressor stations. This footnote applies to all periods within the quarter. Total Throughput volumes reported on Page 520, Lines 5 & 20 column c & d 720,733,055 Less: Double counted pools 42,151,995 Total equals Page 521, Line 68, column b 678,581,060 Storage withdrawal from Working Gas (Top Gas). Storage injection into Working Gas (Top Gas). Volumes are on a flow month basis. Equity in earnings of subsidiary companies $ 383,138 Cash distributions of earnings from Horizon Pipeline Company, L.L.C. (250,000) Total $ 133,138