# notes_to_financial_statements_122_duration

entity_id: C000070
filing_name: NuStar_Logistics,_L.P._form6_Q4_1712350230
publication_time: 2024-04-05 20:50:30.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_important_notes_regarding_financial_statements_text_block:
  <div><p><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif">1.</span></span><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif"><br /></span></span><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif"><b>Basis of Presentation</b></span></span></p><p><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif">The preparation of consolidated financial statements are in accordance with the Uniform System of Accounts prescribed by the Federal Energy Regulatory Commission &quot;FERC&quot;.</span></span></p><p><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif"><br /></span></span></p><p><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif"><b>Cash and Cash Equivalents</b></span></span></p><p><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif">On September 27, 2017, NuStar Logistics, L.P. submitted with the FERC an updated Cash Management Policy Docket No. RM02-14-000.</span></span></p><p><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif"><br /></span></span></p><p><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif"><b>Revised Depreciation Rates</b></span></span></p><p><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif">On December 8, 2023, NuStar Logistics, L.P. filed to request a Commission approval of revised depreciation rates effective January 1, 2023 for its refined petroleum products and crude oil pipeline system property accounts pursuant to Part 347 of the Commission's regulations.&#160; FERC approved the depreciation rates on March 1, 2024 (Docket No. D024-3-000).&#160;</span></span></p><p><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif"><br /></span></span></p><p><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif"><b>Leases</b></span></span></p><p><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif">In February 2016, the Financial Accounting Standards Board (&quot;FASB&quot;) issued amended guidance that requires lessees to recognize the assets and liabilities that arise from most leases on the balance sheet.&#160; For lessors, this amended guidance modifies the classification criteria and the accounting for sales-type and direct financing leases.&#160; We adopted these provisions on January 1, 2019 through a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption.&#160; For FERC presentation purposes, NuStar did not move acquired right-of-way assets out of carrier property as a result of this new guidance per AOPL accounting guideline 3-19 Lease Accounting Differences Between GAAP and USoA.&#160;</span></span></p></div>

disclosure_of_significant_rate_or_other_regulatory_matters_text_block:
  <p><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif">6.&#160; None</span></span></p>

disclosure_of_accounting_for_the_respondent_s_pensions_and_postretirement_benefits_text_block:
  <div><p style="margin-top: 0; margin-bottom: 1rem; color: rgba(73, 80, 87, 1); font-family: Arial, Helvetica, sans-serif; font-size: small; font-style: normal; font-weight: 400; text-align: left; text-indent: 0; white-space: normal; background-color: rgba(255, 255, 255, 1)"><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif">3. </span></span><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif"><b>Postretirement Benefit Plan</b></span></span></p><p><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif">In March 2017, the FASB issued amended guidance that changes the presentation of net periodic pension cost related to defined benefit plans effective January 1, 2018.&#160; For FERC presentation purposes, NuStar did not change its presentation of postretirement benefits per Docket No. AI18-1-000.</span></span></p></div>

disclosure_of_details_on_accounting_for_income_taxes_text_block:
  <p><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif">5.&#160; None</span></span></p>

disclosure_of_significant_commitments_or_contingent_assets_or_liabilities_text_block:
  <p><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif">2.&#160; None</span></span></p>

disclosure_of_significant_changes_in_operations_during_the_year_text_block:
  <p><span style="font-size: 12pt"><span style="font-family: Arial, Helvetica, sans-serif">4.&#160; None</span></span></p>


entity_id: C010945
filing_name: Seahorse_Pipeline,_LLC_form6_Q4_1712793442
publication_time: 2024-04-10 23:57:22.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_events_that_have_a_material_effect_to_respondents_text_block:
  <div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Subsequent events, which are events or transactions that occurred after December 31, 2023 through the issuance of the accompanying financial statements, have been evaluated through April 10, 2024.</span></div>


entity_id: C010945
filing_name: Seahorse_Pipeline,_LLC_form6_Q4_1713221751
publication_time: 2024-04-15 22:55:51.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_events_that_have_a_material_effect_to_respondents_text_block:
  <div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Subsequent events, which are events or transactions that occurred after December 31, 2023 through the issuance of the accompanying financial statements, have been evaluated through April 15, 2024.</span></div>


entity_id: C001151
filing_name: Targa_NGL_Pipeline_Company_LLC_form6_Q4_1718656118
publication_time: 2024-06-17 20:28:38.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_important_notes_regarding_financial_statements_text_block:
  <div style="padding-left:13.5pt;text-indent:-13.5pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:5.77pt">Company Business</span></div><div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Targa NGL Pipeline Company LLC (TNGLPL) is a Delaware limited liability company engaged in the business of transporting natural gas liquids (“NGLs”) in interstate commerce subject to the jurisdiction of the Federal Energy Regulatory Commission (“FERC”) under the Interstate Commerce Act (“ICA”).</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TNGLPL owns an eight-inch diameter pipeline, a 20-inch diameter pipeline, and a 12-inch diameter pipeline that run between Mont Belvieu, Texas, and Galena Park, Texas. Each of these pipelines is regulated under the ICA and is part of an extensive mixed NGL and purity NGL pipeline receipt and delivery system that provides interstate and intrastate transportation of NGLs. TNGLPL also owns a twenty-inch diameter pipeline that runs between Mont Belvieu, Texas, and Galena Park, Texas and a twelve-inch diameter pipeline that runs between Mont Belvieu, Texas and Lake Charles, Louisiana, each of which transport NGLs and that have qualified for a waiver of applicable FERC regulatory requirements under the ICA based on current circumstances. TNGLPL also owns pipelines that provide only intrastate service between Mont Belvieu, Texas, and Galena Park, Texas, and intermediate locations.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the third quarter of 2018, TNGLPL began operating portions of a new pipeline transporting NGLs from Oklahoma to intermediate points in Oklahoma. Additionally, in the third quarter of 2019, TNGLPL began operating additional new pipeline segments and began providing transportation service of NGLs from Oklahoma to Mont Belvieu, Texas. In the fourth quarter of 2020, TNGLPL expanded its Oklahoma operations to the STACK region of Central Oklahoma and implemented a capacity lease agreement with Targa Gulf Coast NGL Pipeline LLC (TGC).</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On October 31, 2005, Targa Resources Inc. acquired Dynegy Midstream Services, Limited Partnership, including its wholly-owned subsidiary, Dynegy NGL Pipeline, LLC. On November 8, 2005, Targa Resources Inc. renamed Dynegy NGL Pipeline Company, LLC, “Targa NGL Pipeline Company LLC.”</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TNGLPL is a wholly-owned subsidiary of Targa Downstream LLC, a Delaware limited liability company.</span></div><div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Basis of Presentation</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The financial statements and supporting schedules were prepared in accordance with the Uniform System of Accounts as prescribed by the Federal Energy Regulatory Commission (“FERC”). The FERC-approved tariff establishes rates, terms and conditions under which the Company provides services to its customers. The Uniform System of Accounts is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America (“GAAP”). Financial accounting and reporting differences between FERC and GAAP are principally related to account classifications such as but not limited to: Plant held for sale is a current asset for GAAP and is included in gas plant for FERC; costs incurred and revenues collected for future plant retirement costs are classified as a regulatory liability for GAAP and as accumulated provision for depreciation for FERC; and deferred tax assets and liabilities are presented as gross assets and liabilities for FERC purposes, but are netted for GAAP. </span></div><div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Income Taxes</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Income taxes are recorded in accordance with the FERC Policy Statement on Income Tax Allowances permitting the accrual of income taxes on a pass-through entity. Deferred income taxes are recognized for differences between the financial reporting and tax bases of assets and liabilities at enacted statutory tax rates in effect for the years in which the differences are expected to reverse. Actual income taxes could vary from these estimates due to future changes in income tax law or results from the final review of tax returns by federal or state authorities. </span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company is organized as a limited liability company and is treated as a partnership for U.S. federal and state income tax purposes. As such, the Company is generally not subject to federal or state income taxes. All revenues and expenses of the Company are reportable in the federal and state income tax returns of its Members.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">FERC allows adjustments to the financial statements for allowable income taxes. The below table describes the state and federal income tax provision at December 31, 2023 and the related effective tax rate.</span></div><div style="text-align:justify"><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:71.816%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:25.984%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">TOTAL PROVISION</span></td><td colspan="3" style="padding:0 1pt"/></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:71.816%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:25.984%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Increment to State Deferred Income Tax</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">316,123 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Increment to Federal Deferred Income Tax</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,180,543 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Current Provision/(Benefit) - State</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">568,534 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Current Provision/(Benefit) - Federal</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,812,298 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total 2023 Provision/(benefit)</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4,877,498</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Effective Tax Rate</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">24.51</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">%</span></td></tr></table></div><div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Property, Plant and Equipment</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Property, plant and equipment as of December 31, 2023 and December 31, 2022, consists of pipeline assets, rights of way and construction in progress for the Pipeline. </span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:92.857%"><tr><td style="width:1.0%"/><td style="width:46.175%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.092%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.451%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.882%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">December 31, 2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">December 31, 2022</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:1.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%;text-decoration:underline">Useful Life</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:3.55pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pipeline</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">589,737,281 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">592,123,452 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:1.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> 21-105 </span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:3.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Rights of Way</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">110,489,454 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">96,524,256 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:1.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> 25-57 </span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:3.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other Property, Plant and Equipment</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">14,362,321 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12,478,716 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:1.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> 3-105 </span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:3.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Construction in Progress</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,598,359 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12,064,229 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:3.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:88%">Finance Lease, Right-of-use Assets</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:88%">3,748,461 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:88%">3,566,339 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:88%">5</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:22.5pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Property, Plant and Equipment</span></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%">721,935,876</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> </span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%">716,756,992</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> </span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:22.5pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:88%">Accumulated Depreciation</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:88%">(158,530,048)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:88%">(127,093,078)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:41.4pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:89%">Property, Plant and Equipment, net</span></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;text-indent:3.3pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:89%">$</span></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:89%">563,405,828</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:89%"> </span></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;text-indent:3.3pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:89%">$</span></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:89%">589,663,914</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:89%"> </span></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">For the years ended December 31, 2023 and December 31, 2022, depreciation expense was $31.8 million and $31.2 million.</span></div><div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Asset Retirement Obligations</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our ARO primarily relates to our pipeline assets. The changes in our ARO are as follows:</span></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:80.803%"><tr><td style="width:1.0%"/><td style="width:53.227%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:22.104%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.369%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">December 31, 2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">December 31, 2022</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:3.55pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Beginning Period</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,146,685 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,004,179 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:3.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additions</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">758,336 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:3.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Accretion</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(12,930)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">142,506 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:3.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">End of Period</span></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">$</span></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">3,892,091</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">$</span></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">3,146,685</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:3pt double #000;padding:0 1pt"/><td colspan="3" style="border-top:3pt double #000;padding:0 1pt"/></tr></table></div>


entity_id: C001136
filing_name: ConocoPhillips_Transportation_Alaska,_Inc._form6_Q4_1715977864
publication_time: 2024-05-17 20:31:04.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_important_notes_regarding_financial_statements_text_block:
  <p><span style="font-size: 11pt; font-family: &quot;Aptos&quot;, sans-serif">Adjusted to exclude ARO-related amounts that were incorrectly reported in account 590</span><br /></p>

disclosure_of_significant_rate_or_other_regulatory_matters_text_block:
  <div><p>The 2023 amount of Alyeska Non-Distance Related Costs (Location Code 9C) is $44.2 million.</p><p>The 2023 amount of Alyeska Income Taxes on Imputed Management Fees is $1.9 million.</p><p><img src="data:image/png;base64,[encoded data, 79292 characters]" class="e-rte-image e-imginline" width="auto" height="auto" style="min-width: 0; max-width: 1774px; min-height: 0" alt="" /></p><p> <br /><img src="data:image/png;base64,[encoded data, 71484 characters]" class="e-rte-image e-imginline" width="auto" height="auto" style="min-width: 0; max-width: 1124px; min-height: 0" alt="" /> <br /></p><p> <br /><br /></p></div>

disclosure_of_accounting_for_the_respondent_s_pensions_and_postretirement_benefits_text_block:
  <p><img src="data:image/png;base64,[encoded data, 18352 characters]" class="e-rte-image e-imginline" width="auto" height="auto" style="min-width: 0; max-width: 1774px; min-height: 0" alt="" /> <br /></p>


entity_id: C005311
filing_name: Saddlehorn_Pipeline_Company,_LLC_form6_Q4_1713383495
publication_time: 2024-04-17 19:51:35.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_important_notes_regarding_financial_statements_text_block:
  <div style="margin-top:1pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1. The financial statements of Saddlehorn Pipeline Company, L.L.C. 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”).</span></div><div style="margin-top:1pt"><span><br/></span></div><div style="margin-top:1pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash and cash equivalents include demand and time deposits and other highly marketable securities with original maturities of three months or less when acquired. Restricted cash includes cash held by us pursuant to the terms of the Joint Operating Agreement signed with Grand Mesa.</span></div><div style="margin-top:1pt"><span><br/></span></div><div style="margin-top:1pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Subsequent Event</span></div><div style="margin-top:1pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In March 2024, Plains Pipeline, L.P. (“Plains”) and ONEOK each acquired a 10% ownership interest from WGR Operating, L.P., resulting in membership ownership interests of 40%, 40% and 20% for Plains, ONEOK and Black Diamond Cushing LLC, respectively.</span></div>

disclosure_of_significant_rate_or_other_regulatory_matters_text_block:
  <div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6. None</span></div>

disclosure_of_accounting_for_the_respondent_s_pensions_and_postretirement_benefits_text_block:
  <div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3. We do not directly employ any of the persons managing, operating, or providing us with services related to our day-day-day business affairs. We have an operating agreement with Magellan OLP, L.P. under which our operations share certain common services.</span></div>

disclosure_of_details_on_accounting_for_income_taxes_text_block:
  <span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5. We are treated as a partnership for income tax purposes and therefore do not pay federal income taxes.</span>

disclosure_of_significant_commitments_or_contingent_assets_or_liabilities_text_block:
  <div style="margin-top:1pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2. Our accounting for contingencies covers a variety of business activities, including contingencies for legal and environmental exposures. We accrue these contingencies when our assessments indicate that it is probable a liability has been incurred or an asset will not be recovered, and an amount can be reasonably estimated. We have no contingencies at this time.</span></div>

disclosure_of_significant_changes_in_operations_during_the_year_text_block:
  <div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4. None</span></div>


entity_id: C001090
filing_name: DCP_Wattenberg_Pipeline_LLC_form6_Q4_1713365587
publication_time: 2024-04-17 14:53:07.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_important_notes_regarding_financial_statements_text_block:
  <div style="margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:9.67pt">NOTES REGARDING FINANCIAL STATEMENTS</span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">These financial statements reflect all normal recurring adjustments that are, in the opinion of management, necessary to present fairly the financial position and results of operations for the periods presented. The accounting policies followed in preparation of these financial statements generally conform to those required by the Federal Energy Regulatory Commission (FERC) for oil pipeline companies.</span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">DCP Assets Holding, LP acquired this entity on January 27, 2010, effective January 1, 2010, from Buckeye Partners, LP. The entity was originally called “Buckeye NGL Pipe Lines, LLC” but changed its name to DCP Wattenberg Pipeline LLC on January 27, 2010. DCP Wattenberg Pipeline LLC, or Wattenberg or the Company, is being treated as a new company from both a reporting and tariff perspective.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> DCP Assets Holding, LP, or Holdings, funds the operations and capital expenditures of Wattenberg. Since Wattenberg has no cash accounts, all of cash management activity is performed by Holdings and affiliates on Wattenberg’s behalf, including collection of receivables, payment of payables, and the settlement of sales and purchases transactions. Net amounts due to or from Wattenberg from or to Holdings or affiliates are settled periodically by the transfer of such receivables and payables to Holdings and are shown as net contributions or distributions in equity.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Distributions and Contributions </span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company paid out distributions of $49,043,368, during the year ended December 31, 2023.</span></div>

disclosure_of_significant_rate_or_other_regulatory_matters_text_block:
  <div style="margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:9.67pt">RATE AND OTHER REGULATORY MATTERS</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The transportation rate covers both gathering and trunk movements and as such all transportation revenues are reported as trunk revenues.</span></div>

disclosure_of_accounting_for_the_respondent_s_pensions_and_postretirement_benefits_text_block:
[cell repeats an earlier one in this file: 618 characters]

disclosure_of_details_on_accounting_for_income_taxes_text_block:
[cell repeats an earlier one in this file: 541 characters]

disclosure_of_events_that_have_a_material_effect_to_respondents_text_block:
  <div style="margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:9.67pt">SUBSEQUENT EVENTS</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have evaluated subsequent events occurring through April 17, 2024 and have identified no events that require adjustments to or disclosure in these consolidated financial statements.</span></div>

disclosure_of_significant_commitments_or_contingent_assets_or_liabilities_text_block:
  <div style="margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:9.67pt">COMMITMENTS AND CONTINGENCIES</span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Litigation </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">—Periodically, the Company is involved in legal matters, none of which, in the opinion of management, will have a material impact on the Company’s financial position, results of operations or cash flows.</span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Environmental</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:112%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">— The operation of pipelines for transporting NGLs is subject to stringent and complex laws and regulations pertaining to health, safety, and the environment. As an owner or operator of these facilities, we must comply with United States laws and regulations at the federal, state, and, in some cases, local levels that relate to worker safety, air and water quality, solid and hazardous waste storage, management, transportation and disposal, and other environmental matters. The cost of planning, designing, constructing, and operating pipelines incorporates compliance with environmental laws and regulations, worker safety standards, and safety standards applicable to our various facilities. In addition, there is increasing focus from (i) city, state and federal regulatory officials and through litigation, on hydraulic fracturing and the real or perceived environmental impacts of this technique, which indirectly presents some risk to the available supply of natural gas and the resulting supply of NGLs, (ii) federal regulatory agencies regarding pipeline system safety which could impose additional regulatory burdens and increase the cost of our operations, and (iii) regulatory bodies and communities that could prevent or delay the development of fossil fuel energy infrastructure such as pipeline and associated facilities used in our business. Failure to comply with various health, safety and environmental laws and regulations may trigger a variety of administrative, civil, and potentially criminal enforcement measures, including citizen suits, which can include the assessment of monetary penalties, the imposition of remedial requirements, and the issuance of injunctions or restrictions on operation. Management believes that, based on currently known information, compliance with these existing laws and regulations will not have a material adverse effect on our consolidated results of operations, financial position, or cash flows.</span></div>

disclosure_of_significant_changes_in_operations_during_the_year_text_block:
  <div style="margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:9.67pt">SIGNIFICANT CHANGES IN OPERATIONS</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There were no significant changes in 2023.</span></div>


entity_id: C001834
filing_name: San_Pedro_Bay_Pipeline_Company_form6_Q4_1713272748
publication_time: 2024-04-16 13:05:48.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_important_notes_regarding_financial_statements_text_block:
  <div>
  <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 6pt;margin-top: 6pt;text-align: justify;"><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 1&#8211; Organization and Description of Business </div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 6pt;margin-top: 6pt;text-align: justify;"><div style="color: #000000;font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">San Pedro Bay Pipeline Company (the &#8220;Company&#8221; or &#8220;SPBPC&#8221; or &#8220;we&#8221; or &#8220;us&#8221;) is a wholly owned subsidiary of Amplify Energy Corp. (&#8220;Amplify&#8221; or &#8220;Amplify Energy&#8221;) located in federal waters offshore Southern California. The Company owns and operates the pipeline system which is a 16-inch diameter oil pipeline, which extends 17.5 miles from Amplify&#8217;s Elly platform to the Beta pump station located onshore at the Port of Long Beach, California.</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 6pt;margin-top: 12pt;"><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 2 &#8211; Southern California Pipeline Incident </div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 12pt;margin-top: 0;text-align: justify;text-indent: 0.50in;"><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">On October 2, 2021, contractors operating under the direction of Beta Operating Company, LLC (&#8220;Beta&#8221;), a wholly-owned subsidiary of Amplify, observed an oil sheen on the water approximately </div><a style="text-decoration: none;"></a><a style="text-decoration: none;"></a><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">four</div><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;"> miles off the coast of Newport Beach, California (the &#8220;Incident&#8221;). Beta platform personnel were notified and promptly initiated Amplify Energy&#8217;s Oil Spill Response Plan, which was reviewed and approved by the Bureau of Safety and Environmental Enforcement&#8217;s Oil Spill Preparedness Division within the United States Department of the Interior, and which included the required notifications of specified regulatory agencies. On October 3, 2021, a Unified Command, consisting of Amplify Energy, the U.S. Coast Guard and California Department of Fish and Wildlife&#8217;s Office of Spill Prevention and Response, was established to respond to the Incident. </div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 12pt;margin-top: 0;text-align: justify;text-indent: 0.50in;"><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">On October 5, 2021, the Unified Command announced that reports from its contracted commercial divers and Remotely Operated Vehicle footage indicated that a </div><a style="text-decoration: none;"></a><a style="text-decoration: none;"></a><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">4,000</div><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">-foot section of the Company&#8217;s pipeline had been displaced with a maximum lateral movement of approximately </div><a style="text-decoration: none;"></a><a style="text-decoration: none;"></a><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">105</div><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;"> feet and that the pipeline had a </div><a style="text-decoration: none;"></a><a style="text-decoration: none;"></a><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">13</div><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">-inch split, running parallel to the pipe. On October 14, 2021, the U.S. Coast Guard announced that it had a high degree of confidence the size of the release was approximately </div><a style="text-decoration: none;"></a><a style="text-decoration: none;"></a><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">588</div><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;"> barrels of oil, which was below the previously reported maximum estimate of </div><a style="text-decoration: none;"></a><a style="text-decoration: none;"></a><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">3,134</div><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;"> barrels. On October 16, 2021, the U.S. Coast Guard announced that it had identified the Mediterranean Shipping Company (DANIT) as a &#8220;vessel of interest&#8221; and its owner Dordellas Finance Corporation and operator Mediterranean Shipping Company, S.A. as parties in interest in connection with an anchor-dragging incident, in January 2021 (the &#8220;Anchor Dragging Incident&#8221;), which occurred in close proximity to the Company&#8217;s pipeline, and that additional vessels of interest continued to be investigated. On November 19, 2021, the U.S. Coast Guard announced that it had identified the COSCO (Beijing) as another vessel involved in the Anchor Dragging Incident and named its owner Capetanissa Maritime Corporation of Liberia and its operator V.Ships Greece Ltd. as parties in interest. The cause, timing and details regarding the Incident remain under investigation.</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 12pt;margin-top: 0;text-align: justify;text-indent: 0.50in;"><a style="text-decoration: none;"></a><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">At the height of the Incident response, Amplify deployed over </div><a style="text-decoration: none;"></a><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">1,800</div><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;"> personnel working under the guidance and at the direction of the Unified Command to aid in cleanup operations. As of October 14, 2021, all beaches that had been closed following the Incident have reopened. On February 2, 2022, the Unified Command announced that response and monitoring efforts have officially concluded for the Incident, and Unified Command would stand down as of such date. Amplify is grateful to its Unified Command partners for their collaboration and professionalism over the course of the response.</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 12pt;margin-top: 0;text-align: justify;text-indent: 0.50in;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">In response to the Incident, all operations were suspended and the pipeline was shut-in pending Amplify&#8217;s receipt of the required regulatory approvals to restart operations. On October 4, 2021, the Pipeline and Hazardous Materials Safety Administration (&#8220;PHMSA&#8221;), Office of Pipeline Safety issued a Corrective Action Order pursuant to 49 U.S.C. &#167; 60112, which makes clear that no restart of the affected pipeline may occur until PHMSA has approved a written restart plan. On April 10, 2023, Amplify announced that it has received the required approvals from federal regulatory agencies to restart operations at the Beta Field. The pipeline has been operated in accordance with the restart procedures that were reviewed and approved by PHMSA.</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 12pt;margin-top: 0;text-align: justify;text-indent: 0.50in;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">On December 15, 2021, a federal grand jury in the Central District of California returned a federal criminal indictment against Amplify Energy Corp., Beta Operating Company, LLC, and San Pedro Bay Pipeline Company in connection with the Incident. The indictment alleges that Amplify committed a misdemeanor violation of the federal Clean Water Act for negligently discharging oil into the contiguous zone of the United States. As previously disclosed, state authorities were conducting parallel criminal investigations. Amplify has reached court-approved agreements to resolve all criminal matters stemming from the Incident. Specifically, on August 26, 2022, as part of the resolution with the United States, Amplify Energy agreed to plead guilty to one count of misdemeanor negligent discharge of oil in violation of the Clean Water Act. Amplify Energy will pay a fine of approximately $7.1 million in installments over a period of three years, serve a term of four years&#8217; probation and reimburse governmental agencies approximately $5.8 million for their response to this event. Further, on September 8, 2022, as part of the resolution with the state of California, Amplify Energy agreed to enter a plea of No Contest to six misdemeanor charges. Amplify Energy paid a fine in the amount of $4.9 million to be distributed among the state of California, including the State&#8217;s Fish and Game Preservation Fund, and Orange County. Amplify Energy will serve a one-year term of probation and has agreed to certain compliance enhancements to its operations.</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 12pt;margin-top: 0;text-align: justify;text-indent: 0.50in;"><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">Amplify is currently subject to a number of ongoing investigations related to the Incident by certain federal and state agencies. To date, the U.S. Coast Guard, the U.S. Bureau of Ocean Energy Management, the U.S. Department of Justice, PHMSA, the U.S. Department of the Interior Bureau of Safety and Environmental Enforcement, the National Transportation Safety Board, the California Department of Justice, the Orange County District Attorney, the Los Angeles County District Attorney, and the California Department of Fish &amp; Wildlife have conducted or are conducting investigations or examinations of the Incident. On April 8, 2022, in light of the allegations raised in the December 15, 2021 federal indictment, Amplify received a Show Cause Notice from the U.S. Environmental Protection Agency (&#8220;EPA&#8221;) asking Amplify to provide information as to why it should not be suspended from participating in future federal contracting pursuant to 2 C.F.R. &#167; 180.700(a), (c) and 2 C.F.R. &#167; 180.800(a)(4). On April 22, 2022, Amplify responded to the Show Cause Notice. On September 9, 2022, the EPA informed the Company&#8217;s counsel that the EPA has administratively closed the case at this time, and as such, the Company is no longer under a Show Cause Notice. On April 6, 2023, PHMSA provided the Amplify notice of PHMSA&#8217;s positions regarding &#8220;probable violations of the Pipeline Safety Regulations&#8221; in connection with the Incident; Amplify has responded to that notice and is conferring with PHMSA about it. Other federal agencies may or have commenced investigations and proceedings, and may initiate enforcement actions seeking penalties and other relief under the Clean Water Act and other statutes. Amplify continues to comply with all regulatory requirements and investigations. The outcomes of these investigations and the nature of any remedies pursued will depend on the discretion of the relevant authorities and may result in regulatory or other enforcement actions, as well as civil liability. </div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 12pt;margin-top: 0;text-align: justify;text-indent: 0.50in;"><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">Amplify Energy, Beta Operating Company, LLC, and San Pedro Bay Pipeline Company were named as defendants in a consolidated putative class action in the United States District Court for the Central District of California. Plaintiffs filed a consolidated class action complaint on January 28, 2022 and an amended complaint on March 21, 2022. Plaintiffs asserted claims against Amplify Energy, Beta Operating Company, LLC, San Pedro Bay Pipeline Company, MSC Mediterranean Shipping Company, Dordellas Finance Corp., the MSC Danit (proceeding in rem), Costamare Shipping Co. S.A., Capetanissa Maritime Corporation of Liberia, V.Ships Greece Ltd., and the COSCO Beijing (proceeding in rem). Amplify filed a third-party complaint on February 28, 2022, an amended complaint on June 21, 2022, and second amended complaint on October 5, 2022. Amplify sued the same shipping defendants as had Plaintiffs and added claims against the Marine Exchange of Los Angeles-Long Beach Harbor (&#8220;Marine Exchange&#8221;), COSCO Shipping Lines Co. Ltd., COSCO (Cayman) Mercury Co. Ltd., Mediterranean Shipping Company S.r.l., and MSC Shipmanagement Limited.&#160;&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 12pt;margin-top: 0;text-align: justify;text-indent: 0.50in;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">MSC Mediterranean Shipping Company, Dordellas Finance Corp., and Capetanissa Maritime Corporation of Liberia also filed petitions for limitations of liability under maritime law in the United States District Court for the Central District of California. The court consolidated the limitation actions into a single limitation action and also coordinated discovery between the consolidated limitation and the consolidated class actions.&#160;&#160;On April 17, 2023, the Court stayed the Limitation Action pending the documentation and approval of certain settlements expected to fully resolve the Limitation Action. The Limitation Action has subsequently been resolved.</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 12pt;margin-top: 0;text-align: justify;text-indent: 0.50in;"><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">On August 25, 2022, Amplify reached an agreement in principle with plaintiffs in the class action to resolve all civil claims against it and its subsidiaries. The settlement of </div><a style="text-decoration: none;"></a><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">$50.0</div><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;"> million, which also includes certain injunctive relief, will be funded under Amplify&#8217;s insurance policies. The Court preliminarily approved the settlement on December 7, 2022 and granted final approval on April 24, 2023.</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 12pt;margin-top: 0;text-align: justify;text-indent: 0.50in;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">On March 1, 2023, Amplify Energy announced that the vessels that struck and damaged the pipeline and their respective owners and operators agreed to pay Amplify Energy $96.5 million in a settlement. The Marine Exchange agreed to non-monetary terms as well. The overall resolution included subrogation claims by Amplify&#8217;s property damage and loss of production insurers, with Amplify Energy ultimately receiving a net payment of approximately $85.0 million. The settlement resolves Amplify&#8217;s affirmative claims related to the Incident. As part of the settlement, Amplify has dismissed its legal claims against those parties.</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 12pt;margin-top: 0;text-align: justify;text-indent: 0.50in;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">Under the OPA 90, Amplify&#8217;s pipeline was designated by the U.S. Coast Guard as the source of the oil discharge and therefore Amplify is financially responsible for remediation and for certain costs and economic damages as provided for in OPA 90, as well as certain natural resource damages associated with the spill and certain costs determined by federal and state trustees engaged in a joint assessment of such natural resource damages. Amplify is currently processing covered claims under OPA 90 as expeditiously as possible. In addition, the Natural Resource Damage Assessment remains ongoing and therefore the extent, timing and cost related to such assessment are difficult to project. While Amplify anticipates insurance will reimburse it for expenses related to the Natural Resource Damage Assessment, any potentially uncovered expenses may be material and could impact Amplify&#8217;s business and results of operations and could put pressure on its liquidity position going forward.</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 12pt;margin-top: 0;text-align: justify;text-indent: 0.50in;"><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">Based on presently enacted laws and regulations and currently available facts, Amplify Energy estimates that the total costs it has incurred or will incur with respect to the Incident to be approximately </div><a style="text-decoration: none;"></a><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">$</div><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">190.0 million to </div><a style="text-decoration: none;"></a><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">$</div><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">210.0 million, which includes (i) actual and projected response and remediation under the direction of the Unified Command, (ii) fines and penalties of </div><a style="text-decoration: none;"></a><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">$12.0</div><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;"> million resulting from the resolution of the federal and state of California matters discussed above, and (iii) certain legal fees. </div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 12pt;margin-top: 0;text-align: justify;text-indent: 0.50in;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">The range of total costs is based on Amplify&#8217;s assumptions regarding (i) settlement of costs associated with certain vendors for response and remediation expenses, (ii) resolution of certain third-party claims, excluding claims with respect to losses, which are not probable or reasonably estimable, and (iii) future claims and lawsuits. While Amplify believes it has accurately reflected all probable and reasonably estimable costs incurred in Amplify&#8217;s Unaudited Consolidated Statements of Operations, these estimates are subject to uncertainties associated with the underlying assumptions. For example, settlements with vendors for response and remediation expenses may be significantly higher or lower than Amplify has currently estimated. Accordingly, as Amplify&#8217;s assumptions and estimates may change in future periods based on future events, Amplify Energy can provide no assurance that total costs will not materially change in future periods.</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 12pt;margin-top: 0;text-align: justify;text-indent: 0.50in;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">Amplify&#8217;s estimates do not include (i) the nature, extent and cost of future legal services that will be required in connection with all lawsuits, claims and other matters requiring legal or expert advice associated with the Incident, (ii) any lost revenue associated with the suspension of operations at Beta, (iii) any liabilities or costs, including regulatory costs that are not reasonably estimable at this time or that relate to contingencies where Amplify currently regards the likelihood of loss as being only reasonably possible or remote and (iv) the costs associated with the permanent repair of the pipeline and the restart of operations at Beta.</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 12pt;margin-top: 0;text-align: justify;text-indent: 0.50in;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">In accordance with customary insurance practice, Amplify maintains insurance policies, including loss of production income insurance, against many potential losses or liabilities arising from its operations and at costs that Amplify believes to be economic. Amplify regularly reviews its risk of loss and the cost and availability of insurance and revises its insurance accordingly. Amplify&#8217;s insurance does not cover every potential risk associated with its operations and is subject to certain exclusions and deductibles. While Amplify expects its insurance policies will cover a material portion of the total aggregate costs associated with the Incident, including but not limited to response and remediation expenses, defense costs and loss of revenue resulting from suspended operations, it can provide no assurance that its coverage will adequately protect it against liability from all potential consequences, damages and losses related to the Incident and such view and understanding is preliminary and subject to change.</div></div>
  </div>


entity_id: C000840
filing_name: Express_Pipeline_LLC_form6_Q4_1713483505
publication_time: 2024-04-18 23:38:25.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_important_notes_regarding_financial_statements_text_block:
  <div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1.    COMPANY</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ORGANIZATION</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">AND</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NATURE</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">OF</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">OPERATIONS</span></div><div style="margin-bottom:6pt;margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nature of Business</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Express Pipeline LLC (the “Company” or “Express U.S.”) and Express Pipeline LP were formed to build, own and operate the United States and Canadian portions, respectively, of a crude oil pipeline running from Hardisty, Alberta to Casper, Wyoming (“Express Pipeline”). The Express Pipeline is interconnected with a crude oil pipeline owned by Platte Pipe Line Co. LLC that runs from Casper, Wyoming to Wood River, Illinois known as the “Platte Pipeline”. The entire pipeline comprised of Express U.S., Express Pipeline LP, and Platte Pipeline is known as the Express System.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March 14, 2013 Spectra Energy completed the acquisition of the Express and Platte Pipelines from Kinder Morgan and the Ontario Teacher’s Pension Plan. On February 27, 2017 Enbridge acquired both Pipelines through its amalgamation with Spectra Energy Corp.</span></div><div style="padding-left:27pt;text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Regulation</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Express U.S.’ crude oil and liquid petroleum transportation activities are subject to regulation by the Federal Energy Regulatory Commission (“FERC”) and various state authorities. Regulatory bodies exercise statutory authority over such matters as rates of return, construction and operation of facilities, accounting practices, rates and tolls, and contractual agreements with customers. </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span></div><div style="padding-left:27pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:140%"> </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:140%">Basis of Presentation and Use of Estimates</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The financial statements of Express U.S. have been prepared in accordance with accounting requirements of the FERC, as set forth in the applicable Uniform System of Accounts and published accounting releases (“FERC USA”), which is a comprehensive basis of accounting other than accounting principles generally accepted int the United States of America (“US GAAP”) </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">These financial statements have been prepared solely for the purpose of reporting prescribed by the FERC and exclude any purchase price adjustments as a result of Spectra Energy’s acquisition of the Express U.S. or Spectra Energy’s amalgamation with Enbridge.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, expenses and the disclosure of contingent assets and liabilities. Management of the Company regularly evaluates these estimates, utilizing historical experience, consultation with experts and other methods considered reasonable in the circumstances. Nevertheless, actual results may differ significantly from these estimates. Any effects on the financial statements resulting from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Certain comparative figures in our financial statements have been reclassified to conform to the current year's presentation, as follows:</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Page 110 - $3,636,455 related to Software Assets Cost has been reclassified from “Carrier Property (Account 30)” to “Organization Costs and Other Intangibles (Account 40)". $3,366,802 related to Software Assets Accumulated Amortization has been reclassified from “Accrued Depreciation-Carrier Property (Account 31)” to “Accrued Amortization of Intangibles (Account 41)".</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Cash</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash is held in major banks in the United States of America, which from time to time may exceed federally insured</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">limits. Management periodically assesses the financial condition of the financial institution and believes that any</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">possible</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">credit</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">loss is</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">minimal.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Property, Plant and Equipment</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Property, plant and equipment, including pipelines, tanks, buildings and other equipment, are stated at cost less</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">accumulated depreciation. Cost includes all direct expenditures for system expansion, betterments and replacements,</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">capitalized</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">interest.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Depreciation of regulated assets is recorded on a straight-line basis over their useful lives.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Depreciation rates for</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">regulated assets are approved by the regulator.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The average depreciation period is approximately 30 years.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Assets</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">under</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">construction</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">are</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">not</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">depreciated</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">until</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">they</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">are</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">placed</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">in</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">service.</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:22.5pt"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The cost of depreciable property retired, together with removal costs less salvage, is</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">charged to accumulated</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">depreciation.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">carrying</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">value</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">of</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">an</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">item</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">of</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">property,</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">plant</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">equipment</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">is</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">tested</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">for</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">recoverability</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">whenever</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">events</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">or</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">changes</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">in circumstances indicate that the carrying amount may not be recoverable.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">An impairment loss is recognized when</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">carrying</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">amount</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">is not</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">recoverable</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">exceeds its fair</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">value.</span></div><div style="margin-bottom:6pt;padding-left:27pt"><span><br/></span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Asset Retirement Obligation</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Express U.S. recognizes the fair value of a future asset retirement obligation, if determinable, as a liability in the period in which it incurs a legal obligation associated with the retirement of tangible long-lived assets which results from the acquisition, construction, development, and/or normal use of the assets. Express U.S. concurrently recognizes a corresponding increase in the carrying amount of the related long-lived asset that is depreciated over the life of the asset. The fair value of the asset retirement obligation is estimated using the expected cash flow approach that reflects a range of possible outcomes discounted at a credit-adjusted risk-free interest rate. Subsequent to the initial measurement, the asset retirement obligation is adjusted at the end of each period to reflect the passage of time and changes in the estimated future cash flows underlying the obligation. Changes in the obligation due to the passage of time are recognized in income as an operating expense using the interest method. Changes in the obligation due to changes in estimated cash flows are recognized as an adjustment of the carrying amount of the related long-lived asset that is depreciated over the remaining life of the asset.</span></div><div style="padding-left:27pt;text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As the fair value of future removal and site restoration costs for the Express System’s pipeline systems is not currently determinable, Express U.S. has not recognized an asset retirement obligation as at December 31, 2023 and 2022.</span></div><div style="padding-left:27pt"><span><br/></span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Financial Instruments</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(i)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.24pt">Initial</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">measurement:</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments are measured at fair value on origination or acquisition, adjusted by, in the case of financial</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">instruments that will not be subsequently measured at fair value, financing fees and transaction costs.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All other</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">transaction</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">costs are</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">recognized</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">in</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">net</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">earnings</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">in</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">period</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">incurred.</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:45pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(ii)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:5.8pt">Subsequent</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">to</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">initial</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">recognition:</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Subsequent to initial recognition,</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">financial assets and liabilities held-to-maturity, are measured at amortized cost.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">other financial assets and liabilities are initially measured at fair value, and are not re-measured subsequently to fair</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">value</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">because</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">their</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">initial</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">carrying</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">values</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">approximate</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">their</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">fair</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">values</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">due</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">to</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">short-term</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">nature</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">of</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">instruments.</span></div><div><span><br/></span></div><div style="padding-left:45pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(iii)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:3.36pt">Impairment:</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At year-end Express U.S. assesses whether there are any indications that a financial asset may be impaired. For purposes of impairment testing, each individually significant asset is assessed individually. When there is an indication of impairment, Express U.S. determines whether a significant adverse change has occurred during the period in the expected timing or amount of future cash flows from the financial asset. When there has been a significant adverse change, the carrying value of the asset reduced to the highest of:</span></div><div style="padding-left:27pt;text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(a.) The</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">present</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">value</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">of</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">expected</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">cash</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">flows,</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and</span></div><div style="margin-bottom:6pt;padding-left:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(b.) The</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">amount</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">that</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">could</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">be</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">realized</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">by</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">selling</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">asset,</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">When the extent of impairment decreases and the decrease can be related to an event occurring after the impairment</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">was recognized,</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">impairment</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">is reversed.</span></div><div><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Related Party Transactions</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Monetary related party transactions and non-monetary related party transactions that have commercial substance are measured at the exchange amount. Where a transaction is not in the normal course of operations, it is measured at the exchange amount when there is a substantive change in the ownership of the item transferred and there is independent evidence of the exchange amount. All other related party transactions are measured at the carrying amount. </span></div><div style="padding-left:27pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Revenue Recognition</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Express U.S. derives revenues from interstate transportation of crude oil and liquid petroleum under tariffs regulated by the FERC. Express U.S. recognizes revenue upon delivery of products to its customers, when pricing is determinable and collectability is reasonably assured. Express U.S. generally does not own the crude oil and liquid petroleum that it transports or stores, and therefore, does not assume significant direct commodity price risk.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Some long-term take-or-pay contracts contain make-up rights. Make-up rights are earned by shippers when minimum volume commitments are not utilized during the period but under certain circumstances can be used to offset overages in future periods, subject to expiration periods. We recognize revenue associated with make-up rights at the earlier of when the make-up volume is shipped, the make-up right expires, or when it is determined that the likelihood that the shipper will utilize the make-up right is remote.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">3.    SIGNIFICANT COMMITMENTS OR CONTINGENT ASSETS OR LIABILITIES</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Long term Transportation Service Agreements</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Express Pipeline entered into long term Transportation Service Agreement’s (“TSA”) with a number of shippers. Under these TSA’s, the Express Pipeline is committed to provide crude oil transportation capacity at agreed tariffs. </span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:115%">Oil</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:115%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:115%">in</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:115%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:115%">Custody</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Express U.S. transports crude oil and liquid petroleum owned by its customers for a fee. Virtually all the volume of liquid hydrocarbons in the Company's pipeline system at any one time is owned by the Express U.S.' customers. Under terms of the Express U.S.' tariffs, losses of crude oil not resulting from direct negligence of the Company may be apportioned among its customers. In addition, Express U.S. maintains property insurance coverage with respect to crude oil and liquid petroleum in its custody.</span></div><div style="padding-left:27pt"><span><br/></span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Rights-of-Way</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Express U.S., as part of its pipeline construction process, must obtain certain right-of-way agreements from landowners whose property the pipeline will cross. Right-of-way agreements that Express U.S. buys </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">are capitalized as part of property, plant and equipment. Right-of-way agreements that are leased from a third party are expensed.</span></div>

disclosure_of_significant_rate_or_other_regulatory_matters_text_block:
  <div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">6.    ENVIRONMENTAL LIABILITIES</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Express U.S. is subject to federal and state laws and regulations relating to the protection of the environment. Environmental risk is inherent to liquid pipeline operations and the Company could, at times, be subject to environmental cleanup and enforcement actions. Express U.S. manages this environmental risk through appropriate environmental policies and practices to minimize any impact. To the extent that we are unable to recover environmental liabilities through insurance or other potentially responsible parties, we will be responsible for payment of liabilities arising from environmental incidents associated with the operating activities of its pipeline business.</span></div>

disclosure_of_accounting_for_the_respondent_s_pensions_and_postretirement_benefits_text_block:
  <div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4. ACCOUNTING FOR PENSION AND POSTRETIREMENT BENEFITS</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Express U.S. has no direct employees but has direct costs relating to Enbridge Inc. employee expenses that relate directly to the Company’s operations. All Enbridge Inc. employees that directly work on Express U.S. have their salaries, wages, benefits, and pension costs being allocated to the Company. Express U.S. has no pension liability.</span></div>

disclosure_of_details_on_accounting_for_income_taxes_text_block:
  <div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">5.    ACCOUNTING FOR INCOME TAX</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Express US is not taxable entity for federal and state income tax purposes. Accordingly, no recognition is given to</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">income taxes for financial reporting purposes. The parent of the Company is a corporation and thereby subject to</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">income</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">tax.</span></div>


entity_id: C004992
filing_name: PTE_Pipeline_LLC_form6_Q4_1711986476
publication_time: 2024-04-01 15:47:56.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_important_notes_regarding_financial_statements_text_block:
  <div>
  <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 1&#8211; BALANCE SHEET</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div  style="font-size: 10pt;font-style: ;font-weight: ;;display:inline;">&#160;</div></div><div style="font-family: 'calibri';font-size: 10pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;"><div style="font-family: 'calibri';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">Balance Sheet Page 113 - Account 67 Asset Retirement Obligations</div></div><div style="font-family: 'calibri';font-size: 10pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;"><div style="font-family: 'calibri';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">Asset Retirement Obligation</div></div><div style="font-family: 'arial', 'sans-serif';font-size: 10pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;"><div  style="font-family: 'calibri';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">The asset retirement obligation is reflected at the fair value of estimated future costs, which are expected to be incurred during continuing operations and at the end of PTEP's life. </div><div style="font-size: 10pt;font-style: ;font-weight: ;;display:inline;"><div style="spacecount: 10;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 3.51in;"><tr style="height: 0.21in;"><td style="background: #dce6f1;border-bottom: solid #ffffff 1.0pt;border-left-style: none;border-right: solid #ffffff 1.0pt;border-top: solid #ffffff 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 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5.4pt;padding-top: 0;vertical-align: top;width: 73.5pt;"><div style="font-family: 'arial', 'sans-serif';font-size: 8pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;text-align: right;"><div style="color: #000000;font-family: 'arial', 'sans-serif';font-size: 8pt;font-style: ;font-weight: ;;display:inline;">4Q 2023</div></div></td><td style="background: #dce6f1;border-bottom: solid #ffffff 1.0pt;border-left: solid #ffffff 1.0pt;border-right: solid #ffffff 1.0pt;border-top: solid #ffffff 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 67pt;"><div style="font-family: 'arial', 'sans-serif';font-size: 8pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;text-align: right;"><div style="color: #000000;font-family: 'arial', 'sans-serif';font-size: 8pt;font-style: ;font-weight: ;;display:inline;">FY 2022</div></div></td></tr><tr style="height: 0.21in;"><td style="background: #b8cce4;border-bottom: solid #ffffff 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;;display:inline;">($000)</div></div></td></tr><tr style="height: 0.21in;"><td style="background: #dce6f1;border-bottom: solid #ffffff 1.0pt;border-left-style: none;border-right: solid #ffffff 1.0pt;border-top: solid #ffffff 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;width: 99pt;"><div style="font-family: 'calibri';font-size: 10pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;"><div  style="font-size: 10pt;font-style: ;font-weight: ;;display:inline;">&#160;</div></div></td><td style="background: #dce6f1;border-bottom: solid #ffffff 1.0pt;border-left: solid #ffffff 1.0pt;border-right: solid #ffffff 1.0pt;border-top: solid #ffffff 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;width: 13.5pt;"><div style="font-family: 'calibri';font-size: 10pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;"><div  style="font-size: 10pt;font-style: ;font-weight: 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;;display:inline;">&#160;</div></div></td></tr><tr style="height: 0.21in;"><td colspan="2" style="background: #b8cce4;border-bottom: solid #ffffff 1.0pt;border-left-style: none;border-right: solid #ffffff 1.0pt;border-top: solid #ffffff 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;width: 112.5pt;"><div style="font-family: 'arial', 'sans-serif';font-size: 8pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;"><div style="color: #000000;font-family: 'arial', 'sans-serif';font-size: 8pt;font-style: ;font-weight: ;;display:inline;">Brought Forward</div></div></td><td style="background: #b8cce4;border-bottom: solid #ffffff 1.0pt;border-left: solid #ffffff 1.0pt;border-right: solid #ffffff 1.0pt;border-top: solid #ffffff 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 73.5pt;"><div style="font-family: 'arial', 'sans-serif';font-size: 8pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;text-align: right;"><div style="color: #000000;font-family: 'arial', 'sans-serif';font-size: 8pt;font-style: ;font-weight: ;;display:inline;">10,433</div></div></td><td style="background: #b8cce4;border-bottom: solid #ffffff 1.0pt;border-left: solid #ffffff 1.0pt;border-right: solid #ffffff 1.0pt;border-top: solid #ffffff 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 67pt;"><div style="font-family: 'arial', 'sans-serif';font-size: 8pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;text-align: right;"><div style="color: #000000;font-family: 'arial', 'sans-serif';font-size: 8pt;font-style: ;font-weight: ;;display:inline;">9,842</div></div></td></tr><tr style="height: 0.21in;"><td style="background: #dce6f1;border-bottom: solid #ffffff 1.0pt;border-left-style: none;border-right: solid #ffffff 1.0pt;border-top: solid #ffffff 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;width: 99pt;"><div style="font-family: 'calibri';font-size: 10pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;"><div  style="font-size: 10pt;font-style: ;font-weight: ;;display:inline;">&#160;</div></div></td><td style="background: #dce6f1;border-bottom: solid #ffffff 1.0pt;border-left: solid #ffffff 1.0pt;border-right: solid #ffffff 1.0pt;border-top: solid #ffffff 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;width: 13.5pt;"><div style="font-family: 'calibri';font-size: 10pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;"><div  style="font-size: 10pt;font-style: ;font-weight: ;;display:inline;">&#160;</div></div></td><td style="background: #dce6f1;border-bottom: solid #ffffff 1.0pt;border-left: solid #ffffff 1.0pt;border-right: solid #ffffff 1.0pt;border-top: solid #ffffff 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 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1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 67pt;"><div style="font-family: 'arial', 'sans-serif';font-size: 8pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;text-align: right;"><div style="color: #000000;font-family: 'arial', 'sans-serif';font-size: 8pt;font-style: ;font-weight: ;;display:inline;">0</div></div></td></tr><tr style="height: 0.21in;"><td style="background: #dce6f1;border-bottom: solid #ffffff 1.0pt;border-left-style: none;border-right: solid #ffffff 1.0pt;border-top: solid #ffffff 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;width: 99pt;"><div style="font-family: 'calibri';font-size: 10pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;"><div  style="font-size: 10pt;font-style: ;font-weight: ;;display:inline;">&#160;</div></div></td><td style="background: #dce6f1;border-bottom: solid #ffffff 1.0pt;border-left: solid #ffffff 1.0pt;border-right: solid #ffffff 1.0pt;border-top: solid #ffffff 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;width: 13.5pt;"><div style="font-family: 'calibri';font-size: 10pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;"><div  style="font-size: 10pt;font-style: ;font-weight: ;;display:inline;">&#160;</div></div></td><td style="background: #dce6f1;border-bottom: solid #ffffff 1.0pt;border-left: solid #ffffff 1.0pt;border-right: solid #ffffff 1.0pt;border-top: solid #ffffff 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 73.5pt;"><div style="font-family: 'calibri';font-size: 10pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;"><div  style="font-size: 10pt;font-style: ;font-weight: ;;display:inline;">&#160;</div></div></td><td style="background: #dce6f1;border-bottom: solid #ffffff 1.0pt;border-left: solid #ffffff 1.0pt;border-right: solid #ffffff 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8pt;margin-top: 0;"><div  style="color: #000000;font-size: 8pt;font-style: ;font-weight: ;;display:inline;">&#160;</div></div></td><td style="background: #b8cce4;border-bottom: solid #ffffff 1.0pt;border-left: solid #ffffff 1.0pt;border-right: solid #ffffff 1.0pt;border-top: solid #ffffff 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 73.5pt;"><div style="font-family: 'arial', 'sans-serif';font-size: 8pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;text-align: right;"><div style="color: #000000;font-family: 'arial', 'sans-serif';font-size: 8pt;font-style: ;font-weight: ;;display:inline;">626</div></div></td><td style="background: #b8cce4;border-bottom: solid #ffffff 1.0pt;border-left: solid #ffffff 1.0pt;border-right: solid #ffffff 1.0pt;border-top: solid #ffffff 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 67pt;"><div style="font-family: 'arial', 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0;text-align: right;"><div  style="font-size: 10pt;font-style: ;font-weight: ;;display:inline;">&#160;</div></div></td><td style="background: #dce6f1;border-bottom: solid #ffffff 1.0pt;border-left: solid #ffffff 1.0pt;border-right: solid #ffffff 1.0pt;border-top: solid #ffffff 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;width: 13.5pt;"><div style="font-family: 'calibri';font-size: 10pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;"><div  style="font-size: 10pt;font-style: ;font-weight: ;;display:inline;">&#160;</div></div></td><td style="background: #dce6f1;border-bottom: solid #ffffff 1.0pt;border-left: solid #ffffff 1.0pt;border-right: solid #ffffff 1.0pt;border-top: solid #ffffff 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;width: 73.5pt;"><div style="font-family: 'calibri';font-size: 10pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;"><div  style="font-size: 10pt;font-style: ;font-weight: ;;display:inline;">&#160;</div></div></td><td style="background: #dce6f1;border-bottom: solid #ffffff 1.0pt;border-left: solid #ffffff 1.0pt;border-right: solid #ffffff 1.0pt;border-top: solid #ffffff 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;width: 67pt;"><div style="font-family: 'calibri';font-size: 10pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;"><div  style="font-size: 10pt;font-style: ;font-weight: ;;display:inline;">&#160;</div></div></td></tr><tr style="height: 0.21in;"><td colspan="2" style="background: #b8cce4;border-bottom-style: none;border-left-style: none;border-right: solid #ffffff 1.0pt;border-top: solid #ffffff 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;width: 112.5pt;"><div style="font-family: 'arial', 'sans-serif';font-size: 8pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;"><div 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;font-weight: ;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div  style="font-family: 'times new roman', 'serif';font-size: 10pt;font-style: ;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 6 </div></div></div><div style="font-family: 'calibri';font-size: 10pt;line-height: 107.9%;margin-bottom: 8pt;margin-top: 0;text-align: justify;"><div style="color: #000000;font-family: 'calibri';font-size: 10pt;font-style: ;font-weight: ;;display:inline;">N.A</div></div>
  </div>


entity_id: C008763
filing_name: BP_Midstream_Partners_LP_form6_Q4_1712688519
publication_time: 2024-04-09 18:48:39.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_important_notes_regarding_financial_statements_text_block:
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disclosure_of_significant_rate_or_other_regulatory_matters_text_block:
  <div style="margin-top:12pt;padding-left:36pt;padding-right:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:9.67pt">6 None.</span></div>

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  <div style="margin-top:12pt;padding-left:36pt;padding-right:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:9.67pt">3 None.</span></div>

disclosure_of_details_on_accounting_for_income_taxes_text_block:
  <div style="margin-top:12pt;padding-left:36pt;padding-right:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:9.67pt">5 None.</span></div>

disclosure_of_significant_commitments_or_contingent_assets_or_liabilities_text_block:
  <div style="margin-top:12pt;padding-left:36pt;padding-right:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:9.67pt">2 None.</span></div>

disclosure_of_significant_changes_in_operations_during_the_year_text_block:
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entity_id: C004907
filing_name: Phillips_66_Sweeny-Freeport_LLC_form6_Q4_1712933868
publication_time: 2024-04-12 14:57:48.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_important_notes_regarding_financial_statements_text_block:
  <div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Basis of Accounting</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Phillips 66 Sweeny-Freeport LLC is subject to regulation by the Federal Energy Regulatory Commission ("FERC"). The accounting policies followed in preparation of these financial statements generally conform to those required by the FERC.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Pipeline Operator</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Respondent has no employees.</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Respondent's properties are operated by Phillips 66 Pipeline LLC as agent.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Phillips 66 Sweeny-Freeport LLC Legal Entity Information</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Phillips 66 Sweeny-Freeport LLC (Sweeny-Freeport) was incorporated January 7, 2014. Sweeny-Freeport consists of NGL pipelines in the Sweeny/Freeport Texas area. Shippers can move barrels from a Fractionator in the Phillips 66 Sweeny Refinery complex to caverns at Clemens, to Stratton Ridge, and Mont Belvieu, and to the Freeport Marine Terminal. Construction took place from 2014 to 2016 and totals 252(now 210) miles of pipe in service. Tariffs were initially effective on September 25, 2015. Pipeline start-up was phased from September through November 2015, with the official "In-Operation" date for the Fractionator of December 1, 2015.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Phillips 66 Sweeny-Freeport LLC </span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to Section 264 of the Delaware General Corporation Law (the “DGCL”) and Section 18-209 of the Delaware Limited Liability Company Act (the “Delaware Act”), Phillips 66 Project Development Inc. (“Phillips 66 PDI”) executed a Certificate of Merger that hereby certifies Phillips 66 Sweeny-Freeport A LLC and Phillips 66 Sweeny-Freeport B LLC, both Limited Liability Companies of Delaware, into Phillips 66 PDI. Merger has been approved, adopted, certified, executed and acknowledged in accordance with the provisions of Section 18-209 of the Delaware Act and Section 264 of the DGCL by each of the constituent entities effective December 31, 2021. Phillips 66 PDI was transferred 100% Membership Interest in Phillips 66 Sweeney Freeport, LLC with 51% from Phillips 66 Sweeny Freeport A LLC, and 49% from Phillips 66 Sweeny Freeport B LLC.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to a Debt Assignment &amp; Assumption Agreement, each of Phillips 66 Sweeny-Freeport A LLC and Phillips 66 Sweeny-Freeport B assigns to Phillips 66 Sweeny-Freeport LLC each of its respective promissory notes owned to P66 Company. Upon assignment, Phillips 66 Sweeny-Freeport LLC becomes the obligor of such promissory notes and the transferors are released from liability with respect to such assigned promissory notes.</span></div>


entity_id: C001302
filing_name: Bridger_Pipeline_LLC_form6_Q4_1713287724
publication_time: 2024-04-16 17:15:24.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_important_notes_regarding_financial_statements_text_block: <div><p>1.&#160; None</p></div>
disclosure_of_significant_rate_or_other_regulatory_matters_text_block: <div><p>6.&#160; None</p></div>
disclosure_of_accounting_for_the_respondent_s_pensions_and_postretirement_benefits_text_block: <div><p>3.&#160; Not applicable</p></div>
disclosure_of_significant_commitments_or_contingent_assets_or_liabilities_text_block: <div><p>2.&#160; None</p></div>
disclosure_of_significant_changes_in_operations_during_the_year_text_block: <div><p>4. None</p></div>
disclosure_of_details_on_accounting_for_income_taxes_text_block:
  <div><p class="MsoNormal">5.&#160; Bridger Pipeline is a Limited Liability Company and does not directly pay federal or state income taxes.&#160; State and federal income taxes are paid on Bridger&#8217;s income on the individual partners&#8217; tax returns.</p></div>


entity_id: C001328
filing_name: Enbridge_Storage_(Patoka)_L.L.C._form6_Q4_1713469072
publication_time: 2024-04-18 19:37:52.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_important_notes_regarding_financial_statements_text_block:
  <div style="margin-top:9pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1.    COMPANY ORGANIZATION AND NATURE OF OPERATIONS</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">General</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Enbridge Storage (Patoka), Inc. (the “Company”) is a Delaware corporation and a wholly-owned subsidiary of Enbridge (U.S.) Inc. (“Enbridge”). The Company is engaged in the storage of crude oil and liquid petroleum which is located in Patoka, Illinois and also receives terminal revenue based regulated shipments.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Regulation</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:109%">The Company's crude oil and liquid petroleum transportation activities are subject to regulation by the Federal Energy Regulatory Commission (“FERC”) and various state authorities. Regulatory bodies exercise statutory authority over matters such as rates and underlying accounting practices, and ratemaking agreements with customers.</span></div><div style="margin-top:9pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</span></div><div><span><br/></span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Basis of Presentation and Use of Estimates</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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"). </span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and the disclosure of contingent assets and liabilities. Management regularly evaluates these estimates, utilizing historical experience, consultation with experts and other methods considered reasonable in the circumstances. Nevertheless, actual results may differ significantly from these estimates. Any effects on the financial statements resulting from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Revenue Recognition</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company derives revenues from interstate transportation of crude oil and liquid petroleum under tariffs regulated by the FERC. The Company recognizes revenue upon delivery of products to its customers, when pricing is determinable and collectability is reasonably assured. The Company generally does not own the crude oil and liquid petroleum that it transports or stores, and therefore, does not assume significant direct commodity price risk.</span></div><div style="text-indent:36pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Allowance for Doubtful Accounts</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company establishes provisions for losses on accounts receivable if it determines that it will not collect all or part of the outstanding balance. Collectability is reviewed regularly and an allowance is established or adjusted, as necessary, using the specific identification method.</span></div><div><span><br/></span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Oil Measurement Gains and Losses</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Oil measurement gains and losses occur as part of the normal operating conditions associated with the Company's pipelines. The three types of oil measurement losses include:</span></div><div><span><br/></span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">physical, which occur through evaporation, shrinkage, differences in measurement between receipt and delivery locations and other operational incidents;<br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:109%">•</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:109%;padding-left:14.5pt">degradation, which result from mixing at the interface between higher quality light crude oil and lower quality heavy crude oil in pipelines; and</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:109%">•</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:109%;padding-left:14.5pt">revaluation, which are a function of crude oil prices and the level of the carrier's inventory.</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Difficulties are inherent in quantifying oil measurement gains and losses because physical measurements of volumes are not practical, as products continuously move through the pipelines and virtually all of the Company’s pipelines are located underground. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Capitalization Policies, Depreciation Methods and Impairment of Property, Plant and Equipment</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company capitalizes 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, are expensed as incurred.</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">During construction, the Company capitalizes direct costs, such as labor and materials, and other costs, such as direct overhead and interest at its weighted average cost of debt.</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company records property, plant and equipment at its original cost, which is depreciated on a straight-line basis over the lesser of its estimated useful life or the estimated remaining life of the crude oil reserves in the basins the assets serve. Upon disposition of property, plant and equipment, the cost less net proceeds is typically charged to accumulated depreciation and no gain or loss on disposal is recognized. </span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company evaluates the recoverability of its property, plant and equipment when events or circumstances such as economic obsolescence, the business climate, legal and other factors indicate it may not recover the carrying amount of the assets. The Company evaluates the asset for recoverability by estimating the undiscounted future cash flows expected to be derived from operating the asset. The Company recognizes an impairment loss when the carrying amount of the asset exceeds its fair value as determined by quoted market prices in active markets or present value techniques if quotes are unavailable. </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Income Taxes</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:109%">The Company uses the liability method of accounting for income taxes. Deferred income tax assets and liabilities are recognized based on temporary differences between the financial statement carrying amounts and the tax bases of existing assets. Deferred income tax assets and liabilities are measured using the tax rate that is expected to apply when the temporary differences reverse. </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Commitments, Contingencies and Environmental Liabilities</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company expenses or capitalizes, as appropriate, expenditures for ongoing compliance with environmental regulations that relate to past or current operations. Amounts for remediation of existing environmental contamination caused by past operations, which do not benefit future periods by preventing or eliminating future contamination, are expensed. Liabilities are recorded when environmental assessments indicate that remediation efforts are probable, and the costs can be reasonably estimated. These estimates are subject to revision in future periods based on actual costs or new information and are included on the Statements of Financial Position in other current and long-term liabilities at their undiscounted amounts. </span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company recognizes liabilities for other contingencies when, after fully analyzing the available information, it determines it is either probable that an asset has been impaired or that a liability has been incurred and the amount of impairment or loss can be reasonably estimated. When a range of probable loss can be estimated, the Company accrues the most likely amount, or if no amount is more likely than another, the minimum of the range of probable loss. The Company typically expenses legal costs associated with loss contingencies as such costs are incurred.</span></div><div style="margin-top:9pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">3. RELATED PARTY TRANSACTIONS</span></div><div><span><br/></span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Administrative and Workforce Related Services</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Affiliate companies provide management and administrative, operations and workforce related services to the Company. Enbridge does not record any profit or margin for the services charged to the Company.</span></div><div style="margin-top:9pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4. ENVIRONMENTAL LIABILITIES</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company is subject to federal and state laws and regulations relating to the protection of the environment. Environmental risk is inherent to liquid pipeline operations and the Company could, at times, be subject to environmental cleanup and enforcement actions. The Company manages this environmental risk through appropriate environmental policies and practices to minimize any impact. </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company is not aware of any events of non-compliance with respect to environmental matters that would have a material effect on its financial position, results of operations or cash flows.</span></div><div style="margin-top:9pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">5. COMMITMENTS AND CONTINGENCIES</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Oil in Custody</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company stores crude oil and liquid petroleum owned by its customers for a fee. Virtually all the volume of liquid hydrocarbons in the Company’s tanks at any one time is owned by the Company’s customers. Under terms of the Company’s tariffs, losses of crude oil not resulting from direct negligence of the Company may be apportioned among its customers. In addition, the Company maintains property insurance coverage with respect to crude oil and liquid petroleum in the Company’s custody.</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:115%">6. IMPORTANT CHANGES DURING THE QUARTER/YEAR</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Impairment</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Due to changes in market conditions, during the three months ended Dec 31, 2023 we tested for recoverability our Carrier and Non-carrier PPE’s and determined an impairment charge of approximately $4M ($3.2M Non-Carrier and $0.8M Carrier) which represents the amount by which the carrying value exceeded fair value. Such charge is included in the Income Statement, under account 665 - Unusual or Infrequent Items (debit).</span></div>


entity_id: C002945
filing_name: DCP_Southern_Hills_Pipeline,_LLC_form6_Q4_1713365563
publication_time: 2024-04-17 14:52:43.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_important_notes_regarding_financial_statements_text_block:
  <div style="margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:9.67pt">NOTES REGARDING FINANCIAL STATEMENTS<br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">These financial statements reflect all normal recurring adjustments that are, in the opinion of management, necessary to present fairly the financial position and results of operations for the periods presented. The accounting policies followed in preparation of these financial statements generally conform to those required by the Federal Energy Regulatory Commission, or FERC, for oil pipeline companies.</span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">We are a limited liability company owned 66.67% by DCP Pipeline Holding LLC, a 100% owned subsidiary of DCP Midstream, LP, (formerly DCP Midstream Partners, LP), and 33.33% by Phillips 66 Southern Hills LLC, a 100% owned subsidiary of Phillips 66 Partners LP, or Phillips 66 Partners. Throughout these footnotes, DCP Midstream, LP, DCP Midstream and Phillips 66 Partners will together be referenced as the members. </span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">DCP Midstream is a joint venture owned 50% by Phillips 66 and 50% by Enbridge Inc, or Enbridge and was the operator of the Southern Hills pipeline until January 1, 2017 when it contributed DCP Southern Holding, LLC and its 33.335% ownership interest in the Company to DCP Midstream, LP. </span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Prior to October 2015, we were owned 33.335% by Spectra Energy Southern Hills Holding, LLC, a 100% owned subsidiary of Spectra Energy Partners, LP, or Spectra Energy Partners. In October 2015, Spectra Energy entered into an agreement with Spectra Energy Partners to acquire its ownership interest of 33.335% in the Company. On October 30, 2015, Spectra Energy contributed its ownership of 33.335% interest in the Company to DCP Midstream. Spectra was acquired by Enbridge on February 27, 2017.</span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">DCP Southern Hills Pipeline, LLC owns and operates the Southern Hills pipeline, which consists of approximately 800 miles of pipeline. The Southern Hills pipeline provides takeaway service from the Midcontinent to fractionation facilities along the Texas Gulf Coast and the Mont Belvieu, Texas market hub.</span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">In December 2012, Southern Hills formed a 100% owned subsidiary, DCP Southern Hills Intrastate Pipeline, LLC to be used primarily for transportation of non-regulated, intrastate product within the State of Texas.</span></div>

disclosure_of_significant_rate_or_other_regulatory_matters_text_block:
[cell repeats an earlier one in this file: 544 characters]

disclosure_of_accounting_for_the_respondent_s_pensions_and_postretirement_benefits_text_block:
[cell repeats an earlier one in this file: 618 characters]

disclosure_of_details_on_accounting_for_income_taxes_text_block:
  <div style="margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:9.67pt">INCOME TAXES<br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company is structured as a limited liability company, which is a pass-through entity for federal income tax purposes. As such, the Company is not subject to income tax, but rather the taxable income or loss of the Company is reported on the respective income tax returns of the members.</span></div>

disclosure_of_events_that_have_a_material_effect_to_respondents_text_block:
  <div style="margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:9.67pt">SUBSEQUENT EVENTS<br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">We have evaluated subsequent events occurring through April 17, 2024, the date the consolidated financial statements were issued, and have identified no events that require adjustments to or disclosure in these consolidated financial statements.</span></div>

disclosure_of_significant_commitments_or_contingent_assets_or_liabilities_text_block:
  <div style="margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:9.67pt">COMMITMENTS AND CONTINGENCIES<br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Litigation </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">—</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">We are not party to any significant legal proceedings but are a party to various administrative and regulatory proceedings and various commercial disputes that arose during the development of the Southern Hills pipeline and in the ordinary course of our business. Management currently believes that the ultimate resolution of the foregoing matters, taken as a whole, and after consideration of amounts accrued, insurance coverage or other indemnification arrangements, will not have a material adverse effect on our consolidated results of operations, financial position, or cash flows.</span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Environment, Health, and Safety</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> —</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> The operation of pipelines for transporting NGLs is subject to stringent and complex laws and regulations pertaining to health, safety and the environment. As an owner or operator of these facilities, we must comply with United States laws and regulations at the federal, state and local levels that relate to air and water quality, hazardous and solid waste storage, management, transportation and disposal, and other environmental matters. The cost of planning, designing, constructing and operating pipelines incorporates compliance with environmental laws and regulations and safety standards. Failure to comply with various health, safety and environmental laws and regulations may trigger a variety of administrative, civil and potentially criminal enforcement measures, including citizen suits, which can include the assessment of monetary penalties, the imposition of remedial requirements, and the issuance of injunctions or restrictions on operation. Management believes that, based on currently known information, compliance with these laws and regulations will not have a material adverse effect on our consolidated results of operations, financial position or cash flows.include the </span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">assessment of monetary penalties, the imposition of remedial requirements, and the issuance of injunctions or restrictions on operation. Management believes that, based on currently known information, compliance with these existing laws and regulations will not have a material adverse effect on our consolidated results of operations, financial position, or cash flows.</span></div>

disclosure_of_significant_changes_in_operations_during_the_year_text_block:
[cell repeats an earlier one in this file: 408 characters]


entity_id: C004254
filing_name: Tallgrass_Pony_Express_Pipeline,_LLC_form6_Q4_1712793348
publication_time: 2024-04-10 23:55:48.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_events_that_have_a_material_effect_to_respondents_text_block:
  <div style="margin-bottom:6pt;margin-top:6pt;padding-right:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">9. Subsequent Events </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Subsequent events, which are events or transactions that occurred after December 31, 2023 through the issuance of the accompanying financial statements, have been evaluated through April 10, 2024.</span></div>


entity_id: C001049
filing_name: Magellan_Pipeline_Company,_L.P._form6_Q4_1713383024
publication_time: 2024-04-17 19:43:44.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_important_notes_regarding_financial_statements_text_block:
  <div style="margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1. These financial statements have been prepared in accordance with the 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”).</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Subsequent to the acquisition of MMP by ONEOK, MPL participates in ONEOK’s cash management program. Our cash management activities result in cash being swept to and from a subsidiary of ONEOK, generating affiliate payables and receivables. Our policy is to present net cash sweep activity in financing activities when the associated balance is in a payable position and as investing when the balance is in a receivable position. </span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Balance Sheet</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Organization Costs and Other Intangibles includes goodwill of $15.9 million from a business acquisition completed in 2010 and intangible assets of $44.8 million related to contracts obtained from a transaction completed in 2016. Goodwill is amortized over a forty-year period and contract intangibles are amortized over a twenty-year period.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Miscellaneous Other Assets primarily represents Right-of-Use assets for operating leases.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other Current Liabilities and Other Noncurrent Liabilities primarily represent the current and noncurrent portions of deferred transportation revenue and lease liabilities.</span></div>

disclosure_of_significant_rate_or_other_regulatory_matters_text_block:
  <div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6. None.</span></div>

disclosure_of_accounting_for_the_respondent_s_pensions_and_postretirement_benefits_text_block:
  <div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3. We do not directly employ any of the persons responsible for managing, operating, or providing us with services related to our day-to-day business affairs. We have a service agreement with ONEOK, ONEOK Partners GP, L.L.C., and NBP Services, L.L.C. under which our operations and the operations of ONEOK and its affiliates can combine or share certain common services in order to operate more efficiently and cost effectively.</span></div>

disclosure_of_details_on_accounting_for_income_taxes_text_block:
  <div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5. As a limited partnership, we do not directly pay federal income tax. Taxable income or loss is included in the federal income tax returns for each partner.</span></div>

disclosure_of_significant_commitments_or_contingent_assets_or_liabilities_text_block:
  <div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2. Our accounting for contingencies covers a variety of business activities, including contingencies for legal and environmental exposures. We accrue these contingencies when our assessments indicate that it is probable that a liability has been incurred or an asset will not be recovered, and an amount can be reasonably estimated.</span></div>

disclosure_of_significant_changes_in_operations_during_the_year_text_block:
  <div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4. None.</span></div>


entity_id: C001008
filing_name: Wolverine_Pipe_Line_Company_form6_Q4_1712931580
publication_time: 2024-04-12 14:19:40.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_accounting_for_the_respondent_s_pensions_and_postretirement_benefits_text_block:
  <div><p>3.</p><p>A. The company recognized net periodic costs as follows:</p><p>&#160; &#160; &#160;Pension Cost ($273,803)</p><p>&#160; &#160; &#160;Postretirement Benefits $345,000</p><p>B.&#160; Fair Value of Pension Plan Assets at Year-End $10,513,417</p><p>&#160; &#160; &#160;Projected Pension Benefit Obligation $10,640,693</p><p>&#160; &#160; &#160;Projected Postretirement Obligation $6,261,000</p></div>

disclosure_of_details_on_accounting_for_income_taxes_text_block:
  <p>5. The company applies a more-likely-than-not recognition threshold for all tax uncertainties.&#160; The Company only recognizes tax benefits that have a greater than 50% likelihood of being sustained upon examination by the taxing authorities.&#160; Based on its evaluation, the Company has concluded there are no significant uncertain tax positions requiring recognition in its financial statements.&#160; The company provides for deferred taxes on temporary differences between amounts reported for financial and income tax purposes.&#160; Such differences relate principally to depreciation, pension, and post-retirement expense.&#160;&#160;</p>


entity_id: C003915
filing_name: USG_Wheatland_Pipeline,_LLC_form6_Q4_1712861647
publication_time: 2024-04-11 18:54:07.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_events_that_have_a_material_effect_to_respondents_text_block:
  <div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">USG PROPERTIES WHEATLAND PIPELINE, LLC</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO FINANCIAL STATEMENTS</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">FOR THE YEARS ENDED DECEMBER 31, 2023 and 2022</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"/></tr></table></div><div><span><br/></span></div><div><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:27.67pt">ORGANIZATION AND BUSINESS</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">USG Wheatland Pipeline, LLC (Wheatland or the Company) was formed in October 2013. Wheatland is a wholly owned subsidiary of USG Midstream Holdings, LLC, which in turn is a wholly owned subsidiary of USG Energy Gas Producer Holdings, LLC (USGPH). USGPH is a wholly owned subsidiary of NextEra Energy Marketing, LLC, which in turn is a wholly owned subsidiary of NextEra Energy Resources, LLC (NEER). NEER is a wholly owned subsidiary of NextEra Energy Capital Holdings, Inc., which in turn is a wholly owned subsidiary of NextEra Energy, Inc. (NextEra Energy), a company listed on the New York Stock Exchange.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Wheatland is a twenty-two mile, eight inch oil pipeline which originates from a single point, Charbonneau Creek, ND, and terminates at a single point, Enbridge North Dakota Pipeline Company, LLC. Wheatland’s commercial in-service date was April 2, 2014.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2.    SIGNIFICANT ACCOUNTING POLICIES</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> — In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts in the financial statements. Actual results could differ from those estimates.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Pipeline Plant and Depreciation</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> — The cost of additions to units of utility property of the Company is added to pipeline construction. Maintenance and repairs of property as well as replacements and renewals of items determined to be less than units of utility property are charged to operations and maintenance expenses. Depreciation of Wheatland’s assets is provided on a straight-line average remaining life basis.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s construction work in progress includes construction materials, progress payments on major equipment contracts, third-party engineering costs and other costs directly associated with the construction of various projects. Upon completion of the projects, these costs are transferred to pipeline in service.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Impairment of Long-Lived Assets – </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company evaluates on an ongoing basis the recoverability of its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable in accordance with guidance of ASC 980-360 Regulated Operations. As of December 31, 2021, the Company concluded no impairment adjustments were necessary.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Revenue Recognition</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> — Estimated revenues due from third party shippers are accrued monthly. When settlement statements are received the following month by Wheatland, revenue is adjusted to actual (see Note 4).</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Income Taxes — </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The default classification for an LLC is a disregarded entity which can be modified by election. No such election was made for the Company; therefore the Company is treated as a disregarded entity. As such, no provision has been made for income taxes since such taxes, if any, are the responsibilities of the individual members.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Subsequent Events </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">- The company has evaluated the recognition and disclosure of subsequent events for its December 31, 2023 financial statements through April 11, 2024.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">3.    PROPERTY PLANT AND EQUIPMENT</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Property, plant and equipment consist of the following as of December 31, 2023 and 2022:</span></div><div><span><br/></span></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:86.309%"><tr><td style="width:1.0%"/><td style="width:44.934%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.279%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:22.865%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.522%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:112%">2023</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:112%">2022</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;text-indent:27pt;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Right of Way</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">2,518,873 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">2,518,873 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;text-indent:27pt;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Buildings</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">62,416 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">62,416 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;text-indent:27pt;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Line Pipe</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">1,694,596 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">1,694,596 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;text-indent:27pt;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Pipeline Construction</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">5,790,673 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">5,790,673 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;text-indent:27pt;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Pumping Equipment</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">623,973 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">623,973 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;text-indent:27pt;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Machine Tools &amp; Machinery</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">282,311 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">282,311 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;text-indent:27pt;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Other Station Equipment</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">224,602 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">224,602 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;text-indent:27pt;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Oil Tanks</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">449,247 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">449,247 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;text-indent:27pt;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delivery Facilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">1,594,185 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">1,594,185 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;text-indent:27pt;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Communication Systems</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">178,767 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">178,767 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;text-indent:27pt;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Vehicles</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">221,431 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">221,415 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">13,641,074 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">13,641,058 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;text-indent:27pt;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Less: Accumulated depreciation</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">4,680,881 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">4,216,236 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;text-indent:27pt;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Property, plant and equipment, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">8,960,193 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">9,424,822 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"/></tr></table></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Depreciation expense for the year ended was December 31, 2023 and 2022 was $464,644 and $464,644 respectively. </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.    OPERATING REVENUES</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Wheatland revenues are received in accordance with FERC Local Pipeline Tariff (Tariff), in compliance with 18 CFR Part 341. Effective April 1, 2022, a Committed Rate of $1.40 per barrel. Effective April 1, 2023, a Committed Rate of $1.53 per barrel. For the year ended December 30, 2023 and 2022, Wheatland’s operating revenues were</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$177,274 and $567.716, respectively.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">5.    RELATED-PARTY TRANSACTIONS </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">NEER provides general support services to Wheatland. The charges from NEER are accounted for as non-cash contributions.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">6.    CONCENTRATION OF RISK</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company may be significantly impacted by risks beyond the Company's control. Among important factors that could cause future operating results to differ materially from those anticipated include, but are not limited to: (a) risks relating to the uncertainties of the North Dakota energy market, (b) the financial viability of shippers, (c) risks relating to the operation of pipelines, (d) general operating risks, including resource availability and regulatory oversight, (e) changes in governmental regulation, (f) the effects of competition, and (g) acts of terrorism directed at the project or other facilities affecting the normal course of business.</span></div><div style="text-indent:18pt"><span><br/></span></div><div style="padding-right:-18pt;text-align:center;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%">*******</span></div>


entity_id: C000399
filing_name: BP_Pipelines_(North_America)_Inc._form6_Q4_1713476725
publication_time: 2024-04-18 21:45:25.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_important_notes_regarding_financial_statements_text_block:
  <div style="margin-top:2pt;padding-left:36pt;padding-right:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:9.67pt"> None.</span></div>

disclosure_of_significant_rate_or_other_regulatory_matters_text_block:
  <div style="margin-top:2pt;padding-left:36pt;padding-right:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:9.67pt">None.</span></div>

disclosure_of_accounting_for_the_respondent_s_pensions_and_postretirement_benefits_text_block:
  <div style="margin-top:2pt;padding-left:36pt;padding-right:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:9.67pt">None</span></div>

disclosure_of_details_on_accounting_for_income_taxes_text_block:
  <div style="margin-top:2pt;padding-left:36pt;padding-right:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:9.67pt">None.</span></div>

disclosure_of_significant_commitments_or_contingent_assets_or_liabilities_text_block:
  <div style="margin-top:2pt;padding-left:36pt;padding-right:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:9.67pt"> None.</span></div>

disclosure_of_significant_changes_in_operations_during_the_year_text_block:
  <div style="margin-top:2pt;padding-left:36pt;padding-right:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:9.67pt"> None.</span></div>


entity_id: C001678
filing_name: Enbridge_Pipelines_(Southern_Lights)_LLC_form6_Q4_1713482728
publication_time: 2024-04-18 23:25:28.000000
start_date: 2023-01-01
end_date: 2023-12-31
disclosure_of_important_notes_regarding_financial_statements_text_block:
  <div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1.    LIMITED LIABILITY COMPANY ORGANIZATION AND NATURE OF OPERATIONS</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The terms "we", "our", "us" and "Southern Lights" as used in these financial statements, refer collectively</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">to Enbridge Pipelines (Southern Lights) L.L.C., unless the context suggests otherwise. Southern Lights is</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">a Delaware limited liability company that is wholly-owned by Southern Lights Holdings, L.L.C. (the</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Member). The Member is an indirect, wholly-owned subsidiary of Enbridge Inc. (Enbridge).</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our primary business activity includes the ownership and operation of the United States (US) portion of</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the Southern Lights Pipeline, a pipeline system which transports diluent from Manhattan, Illinois to</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Edmonton, Alberta where it is used in blending bitumen and heavy oil. The Southern Lights Pipeline has</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">an operating capacity of approximately 180,000 barrels per day.</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our diluent transportation activities are subject to regulation by the Federal Energy Regulatory</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Commission (FERC). For the year ended December 31, 2023, the Southern Lights Pipeline generated</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">transportation revenues primarily from transportation services agreements (TSAs) with five arms-length</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">shippers under a cost-of-service toll methodology which expire on June 30, 2025.</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Basis of Presentation and Use of Estimates</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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").</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">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.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Accounting for Regulated Operations</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Our liquids operations are subject to the authoritative accounting provisions applicable to regulated operations. We also record assets and liabilities that result from the regulated ratemaking process that would not be recorded under GAAP for nonregulated entities.</span></div><div><span><br/></span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Allowance for Funds Used During Construction</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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 “carrier property” 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.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Cost-of-Service Recovery Model</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Under our cost-of-service tolling methodology, we calculate tolls based on forecast volumes and costs. A difference between forecast and actual results causes an under or over collection of tolls in any given year. Under the authoritative accounting provisions applicable to our regulated operations, over or under collections of tolls are recognized in the financial statements in the current period, and these amounts are realized or settled as cash the </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">following year. This accounting model matches earnings to the period with which they relate and conforms to how we recover our costs associated with these expansions through the annual cost-of-service filings with our customers and the regulator. The amounts we have over collected are included in “other current liabilities” on our comparative balance sheet statement. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%"> </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Revenue Recognition</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The rates for our Southern Lights Pipeline are based on a cost-of-service model that follows the FERC’s</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">authoritative guidance and is subject to annual filing requirements. The committed rates filed for (and in</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">effect) provide for the recovery of our revenue requirement, which includes capital, operating and debt</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">financing costs, plus a pre-determined after-tax return on equity (ROE) of 10%. Debt financing costs and</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ROE are based on a deemed 70% debt and 30% equity structure.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">To the extent that actual revenue requirement earned for the period is greater than (less than) the</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">forecasted revenue requirement used to determine tolls, the difference is recovered from (refunded to)</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">our shippers. The cash settlement of this annual true-up, as detailed within the TSA, occurs as reasonably</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">practicable after the end of each calendar year, typically within the first quarter of the following year.</span></div><div style="text-align:justify;text-indent:27pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Cash and Cash Equivalents</span></div><div style="text-align:justify;text-indent:27pt"><span><br/></span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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, 2023, and 2022 comparative balance sheet statement. </span></div><div style="text-align:justify;text-indent:27pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Accounts Receivables</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Accounts receivable are measured at cost. For accounts receivable, a loss allowance matrix is utilized to</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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, 2023 and 2022 was immaterial.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Allowance for Doubtful Accounts</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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, 2023, and 2022, all our accounts receivable customer balances were less than 30 days past their scheduled invoice date.</span></div><div style="text-align:justify;text-indent:27pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Capitalization of Property, Plant and Equipment </span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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.</span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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.</span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Regulatory guidance issued by the FERC requires us to expense certain costs associated with implementing the pipeline integrity management requirements of the United States Department of Transportation’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 </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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. </span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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.</span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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.</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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 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.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Commitments, Contingencies and Environmental Liabilities</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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’ 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 “other current liabilities” and “other noncurrent liabilities” 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. </span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">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. </span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">We did not recognize any contingent losses for the years ended December 31, 2023 and 2022.</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Income Taxes</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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.</span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> 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. Changes in tax legislation were included in the relevant computations in the period in which the legislation was enacted.</span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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. This newly formed limited liability company is owned by our former Member and an affiliate of our former Member. We are now a single member limited liability company of this newly formed company. </span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> 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’s individual members through the allocation of our taxable income. The allocation of taxable income to our parent’s individual members may vary substantially from net income reported in our consolidated statements of income. As a result we eliminated our deferred income tax liability effective November 7, 2014. 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. The amount of this adjustment was a decrease to deferred income tax expense of $158.8 million.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Asset Retirement Obligation</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Asset retirement obligations (ARO) associated with the retirement of long-lived assets are recognized and</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">measured at fair value in the period in which they can be reasonably determined. Fair value approximates</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the cost a third party would charge to perform the tasks necessary to retire such assets and is recognized</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">at the present value of expected future cash flows. ARO is added to the carrying value of the associated</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">asset and depreciated over the asset's useful life.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Currently, it is not possible to make a reasonable estimate of ARO due to the indeterminate timing and</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">scope of the asset retirements. These assets include pipelines whose retirement dates will depend mostly</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">on the various crude oil supply sources that connect to our systems and the ongoing demand for crude oil</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">usage in the markets we serve. We expect these supply sources and market demands to continue for the</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">foreseeable future, therefore we are unable to estimate retirement dates that would result in ARO</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">liabilities.</span></div><div style="padding-left:36pt;text-indent:-36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">3.    COMMITMENTS AND CONTINGENCIES</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Right-of-Way</span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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 “carrier property” on our comparative balance sheet statement.</span></div><div style="text-align:justify;text-indent:27pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Environmental Matters</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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 </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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. </span></div><div style="padding-left:36pt;text-indent:-36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.    REGULATORY MATTERS</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Regulatory assets, included in “other deferred charges”, are comprised of the following:</span></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:0.1%"/><td style="width:1.110%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.110%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:29.699%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.356%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.356%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.356%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.356%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.356%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.356%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.322%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:6.108%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.006%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.009%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:115%">AEDC - Income Tax Expense Impact</span></div></td><td colspan="6" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:115%">Debt Issue Costs</span></div></td><td colspan="6" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:115%">Line 13 Exchange</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:115%">Total</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="9" style="padding:0 1pt"/><td colspan="24" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:115%">(in millions)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:115%">Net regulatory asset balance at December 31, 2022...</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:115%">14.6</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:115%">18.9</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:115%">99.0</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:115%">132.5</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:115%">Amortization of prior year asset………………….</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(1.8)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(2.4)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(12.3)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(16.5)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:115%">Net regulatory asset balance at December 31, 2023...</span></div></td><td colspan="3" style="padding:0 1pt"/><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:115%">$</span></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:115%">12.8 </span></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:115%">$</span></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:115%">16.5 </span></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:115%">$</span></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:115%">86.7 </span></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:115%">$</span></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:115%">116.0 </span></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Our comparative balance sheet statement for December 31, 2023 and 2022 included $16.5 million and $18.9 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. 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.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Allowance for Equity Used During Construction </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:28.35pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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.</span></div><div style="text-align:justify;text-indent:28.35pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Regulatory - Southern Lights Tariff Filing</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On November 30, 2022, we filed a new tariff with the FERC. The committed and uncommitted rates became effective January 1, 2023 and are approximately $3.82 and $7.65 per barrel, respectively, representing an increase of about two percent from the rates that were effective January 1, 2022 of approximated $3.73 per barrel for committed volumes and $7.46 per barrel for uncommitted volumes.</span></div><div style="text-align:justify;text-indent:27pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Regulatory Liability Related to Cost-of-Service Model</span></div><div style="text-align:justify;text-indent:27pt"><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The rates for our Southern Lights Pipeline are based on a cost-of-service recovery model that follows the FERC’s authoritative guidance and is subject to annual filing requirements with the FERC. Under our cost-of-service tolling methodology we calculate tolls based on forecast volumes and costs. A difference between forecast and actual results causes an under or over collection of tolls in any given year. For the year ended December 31, 2023, we had under-collected tolls related to our Southern Lights Pipeline in-part because forecasted costs used to calculate the toll surcharge were lower than the actual costs. For the year ended December 31,2022, we had over-collected tolls related to our Southern Lights Pipeline in-part because forecasted costs used to calculate the toll surcharge were higher than the actual costs. For the year ended December 31, 2023, and 2022, we recognized a $26.4 million increase and $15.4 million increase, respectively, in “Operating revenues” on our statement of income, along with a corresponding regulatory liability on our comparative balance sheet related to </span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">the difference in costs. These costs incurred during 2023 and 2022, were reimbursed in Q1 2024 and 2023, respectively, per TSA.</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%">DEBT</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Senior Notes</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:109%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:109%">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. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:109%"> 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.</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%"> On August 18, 2014, we completed a private placement of $1.061 billion of senior notes bearing interest at 3.98% per annum. The proceeds of the private placement were used to repay the existing balance on and terminate the U.S. Construction Facility. We made principal payments of $88.6 million and $71.5 million in 2023 and 2022, respectively, and will make bi-annual payments until the final principal payment is made on June 30, 2040. Included in “other deferred charges” on our comparative balance sheet statement for December 31, 2023 and 2022, are $7.2 million and $7.7 million, respectively, of financing costs associated with the establishment of the U.S. credit facility.</span></div>


