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FERC FINANCIAL REPORT |
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These reports are mandatory under the Interstate Commerce Act, Sections 20 and 18 CFR
Parts 357.2 and 357.4. Failure to report may result in criminal fines, civil penalties and other
sanctions as provided by law. The Federal Energy Regulatory Commission does not consider
this report to be of a confidential nature.
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Exact Legal Name of Respondent (Company) |
Year/Period of Report End of: |
FERC FORM NO.
REPORT OF OIL PIPELINE COMPANIES |
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IDENTIFICATION |
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01 Exact Legal Name of Respondent |
02 Year/ Period of Report End of: |
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03 Previous Name and Date of Change (if name changed during year) / |
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04 Address of Principal Office at End of Year (Street, City, State, Zip Code) |
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05 Name of Contact Person |
06 Title of Contact Person |
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07 Address of Contact Person (Street, City, State, Zip Code) |
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08 Telephone of Contact Person, Including Area Code |
09 This Report is (1) ☑ An Original (2) ☐ A Resubmission |
10 Date of Report (Mo, Da, Yr) |
QUARTERLY CORPORATE OFFICER CERTIFICATION |
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The undersigned officer certifies that: I have examined this report and to the best of my knowledge, information, and belief all statements of fact contained in this report are correct statements of the business affairs of the respondent and the financial statements, and other financial information contained in this report, conform in all material respects to the Uniform System of Accounts. |
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01 Name |
02 Title |
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03 Signature |
04 Date Signed (Mo, Da, Yr) |
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Title 18, U.S.C. 1001 makes it a crime for any person to knowingly and willingly to make to any Agency or Department of the United States any
false, fictitious or fraudulent statements as to any matter within its jurisdiction.
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Name of Respondent |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Date of Report |
Year/Period of Report End of: |
List of Schedules |
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Enter in column (d) the terms "none," "not applicable," or "NA," as appropriate, where no information or amounts have been reported for certain pages. |
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Title of Schedule (a) |
Reference Page No. (b) |
Date Revised (c) |
Remarks (d) |
ScheduleImportantChangesDuringTheYearAbstract Important Changes During the Year |
REV 12-95 |
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ScheduleComparativeBalanceSheetAbstract Comparative Balance Sheet Statement |
110 |
REV 12-03 |
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ScheduleStatementOfIncomeAbstract Income Statement |
114 |
REV 12-03 |
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ScheduleStatementOfAccumulatedOtherComprehensiveIncomeAndHedgingActivitiesAbstract Statement of Accumulated Other Comprehensive Income and Hedging Activities |
116 |
NEW 12-02 |
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ScheduleUnappropriatedRetainedIncomeStatementAbstract Unappropriated Retained Income Statement |
119 |
REV 12-95 |
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ScheduleStatementOfCashFlowsAbstract Statement of Cash Flows |
120 |
REV 02-04 |
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ScheduleNotesToFinancialStatementsAbstract Notes to Financial Statements |
122 |
REV 12-95 |
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ScheduleOperatingRevenueAccountsAbstract Operating Revenue |
301 |
REV 12-00 |
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ScheduleOperatingExpenseAccountsAbstract Operating Expense Accounts |
302 |
REV 12-03 |
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ScheduleStatisticsOfOperationsAbstract Statistics of Operations |
600 |
REV 12-00 |
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ScheduleStatisticsOfOperationsOwnedByRespondentButOperatedByOthersAbstract Statistics of Operations - Operated by Others |
600a |
REV 12-00 |
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Stockholders' Reports (check appropriate box)
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Name of Respondent |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Date of Report |
Year/Period of Report End of: |
Important Changes During the Quarter/Year |
Give particulars (details) concerning the matters indicated below. Make the statements explicit and precise, and number these in accordance with the inquiries. Each inquiry should be answered. Enter “none” or “not applicable” where applicable. If information which answers an inquiry is given elsewhere in the report, make a reference to the schedule in which it appears.
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1) None
2) Effective January 1, 2018, Alpha Holding Company, LLC was merged into Plains. See additional discussion in the Notes to Financial Statements at page 123.1.
3) On March 1, 2018, Plains sold the Trenton Gathering Pipeline system and tanks and the Bakken North Pipeline system and tanks to Plains Pipeline Montana LLC. See additional discussion in the Notes to Financial Statements at page 123.1.
4) In May 2015, we experienced a crude oil release from our Las Flores to Gaviota Pipeline (Line 901) in Santa Barbara County, California. See additional discussion in the Notes to Financial Statements at pages 123.1 to 123.6.
5) None |
Name of Respondent |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Date of Report |
Year/Period of Report End of: |
Comparative Balance Sheet Statement |
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Line No. |
Item (a) |
Reference Page No. for Annual (b) |
Current Year End of Quarter/Year Balance (in dollars) (c) |
Prior Year End Balance 12/31 (in dollars) (d) |
CurrentAssetsAbstract CURRENT ASSETS |
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1 |
Cash Cash (10) |
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2 |
SpecialDeposits Special Deposits (10-5) |
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3 |
TemporaryInvestments Temporary Investments (11) |
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4 |
NotesReceivable Notes Receivable (12) |
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5 |
ReceivablesFromAffiliatedCompanies Receivables from Affiliated Companies (13) |
200 |
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6 |
AccountsReceivable Accounts Receivable (14) |
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7 |
AccumulatedProvisionForUncollectibleAccounts Accumulated Provision For Uncollectible Accounts (14-5) |
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8 |
InterestAndDividendsReceivable Interest and Dividends Receivable (15) |
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9 |
OilInventory Oil Inventory (16) |
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10 |
MaterialAndSupplies Material and Supplies (17) |
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11 |
Prepayments Prepayment (18) |
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12 |
OtherCurrentAssets Other Current Assets (19) |
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13 |
DeferredIncomeTaxAssets Deferred Income Tax Assets (19-5) |
230 |
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14 |
CurrentAssets TOTAL Current Assets (Total of lines 1 thru 13) |
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InvestmentsAndSpecialFundsAbstract INVESTMENTS AND SPECIAL FUNDS |
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InvestmentsInAffiliatedCompaniesAbstract Investments in Affiliated Companies (20): |
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15 |
InvestmentsInAffiliatedCompaniesStocks Stocks |
202 |
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16 |
InvestmentInAffiliatedCompaniesBonds Bonds |
202 |
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17 |
InvestmentsInAffiliatedCompaniesOtherSecuredObligations Other Secured Obligations |
202 |
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18 |
InvestmentsInAffiliatedCompaniesUnsecuredNotes Unsecured Notes |
202 |
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19 |
InvestmentsInAffiliatedCompaniesInvestmentAdvances Investment Advances |
202 |
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20 |
InvestmentsInAffiliatedCompaniesUndistributedEarningsFromCertainInvestments Undistributed Earnings from Certain Invest. in Acct. 20 |
204 |
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OtherInvestmentsAbstract Other Investments (21): |
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21 |
OtherInvestmentsStocks Stocks |
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22 |
OtherInvestmentsBonds Bonds |
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23 |
OtherInvestmentsOtherSecuredObligations Other Secured Obligations |
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24 |
OtherInvestmentsUnsecuredNotes Unsecured Notes |
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25 |
OtherInvestmentsInvestmentAdvances Investment Advances |
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26 |
SinkingAndOtherFunds Sinking and other funds (22) |
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27 |
InvestmentsAndSpecialFunds TOTAL Investment and Special Funds (Total lines 15 thru 26) |
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TangiblePropertyAbstract TANGIBLE PROPERTY |
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28 |
CarrierProperty Carrier Property (30) |
213 & 215 |
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29 |
AccruedDepreciationCarrierProperty (Less) Accrued Depreciation-Carrier Property (31) |
216 & 217 |
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30 |
AccruedAmortizationCarrierProperty (Less) Accrued Amortization-Carrier Property (32) |
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31 |
CarrierPropertyNet Net Carrier Property (Line 28 less 29 and 30) |
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32 |
OperatingOilSupply Operating Oil Supply (33) |
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33 |
NoncarrierProperty Noncarrier Property (34) |
220 |
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34 |
AccruedDepreciationNoncarrierProperty (Less) Accrued Depreciation-Noncarrier Property (35) |
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35 |
NoncarrierPropertyNet Net Noncarrier Property (Line 33 less 34) |
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36 |
TangibleProperty TOTAL Tangible Property (Total of lines 31, 32, and 35) |
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OtherAssetsAndDeferredChargesAbstract OTHER ASSETS AND DEFERRED CHARGES |
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37 |
OrganizationCostsAndOtherIntangibles Organization Costs and Other Intangibles (40) |
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38 |
AccruedAmortizationOfIntangibles (Less) Accrued Amortization of Intangibles (41) |
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40 |
MiscellaneousOtherAssets Miscellaneous Other Assets (43) |
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41 |
OtherDeferredCharges Other Deferred Charges (44) |
221 |
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42 |
AccumulatedDeferredIncomeTaxAssets Accumulated Deferred Income Tax Assets (45) |
230 |
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43 |
DerivativeInstrumentAssets Derivative Instrument Assets (46) |
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44 |
DerivativeInstrumentAssetsHedges Derivative Instrument Assets - Hedges (47) |
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45 |
OtherAssetsAndDeferredCharges TOTAL Other Assets and Deferred Charges (37 thru 44) |
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46 |
Assets TOTAL Assets (Total of lines 14, 27, 36 and 45) |
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CurrentLiabilitiesAbstract CURRENT LIABILITIES |
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47 |
NotesPayable Notes Payable (50) |
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48 |
PayablesToAffiliatedCompanies Payables to Affiliated Companies (51) |
225 |
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49 |
AccountsPayable Accounts Payable (52) |
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50 |
SalariesAndWagesPayable Salaries and Wages Payable (53) |
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51 |
InterestPayable Interest Payable (54) |
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52 |
DividendsPayable Dividends Payable (55) |
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53 |
TaxesPayable Taxes Payable (56) |
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54 |
LongTermDebtPayableWithinOneYear Long-Term Debt - Payable Within One Year (57) |
226 |
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55 |
OtherCurrentLiabilities Other Current Liabilities (58) |
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56 |
DeferredIncomeTaxLiabilities Deferred Income Tax Liabilities (59) |
230 |
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57 |
CurrentLiabilities TOTAL Current Liabilities (Total of lines 47 thru 56) |
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NoncurrentLiabilitiesAbstract NONCURRENT LIABILITIES |
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58 |
LongTermDebtPayableAfterOneYear Long-Term Debt - Payable After One Year (60) |
226 |
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59 |
UnamortizedPremiumOnLongTermDebt Unamortized Premium on Long-Term Debt (61) |
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60 |
UnamortizedDiscountOnLongTermDebtDebit (Less) Unamortized Discount and Interest on Long-Term Debt (62) |
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61 |
OtherNoncurrentLiabilities Other Noncurrent Liabilities (63) |
(a) |
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62 |
AccumulatedDeferredIncomeTaxLiabilities Accumulated Deferred Income Tax Liabilities (64) |
230 |
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63 |
DerivativeInstrumentLiabilities Derivative Instrument Liabilities (65) |
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64 |
DerivativeInstrumentLiabilitiesHedges Derivative Instrument Liabilities - Hedges (66) |
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65 |
AssetRetirementObligations Asset Retirement Obligations (67) |
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66 |
NoncurrentLiabilities TOTAL Noncurrent Liabilities (Total of lines 58 thru 65) |
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67 |
Liabilities TOTAL Liabilities (Total of lines 57 and 66) |
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StockholdersEquityAbstract STOCKHOLDERS' EQUITY |
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68 |
CapitalStock Capital Stock (70) |
251 |
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69 |
PremiumsOnCapitalStock Premiums on Capital Stock (71) |
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70 |
CapitalStockSubscriptions Capital Stock Subscriptions (72) |
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71 |
AdditionalPaidInCapital Additional Paid-In Capital (73) |
254 |
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72 |
AppropriatedRetainedIncome Appropriated Retained Income (74) |
118 |
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73 |
UnappropriatedRetainedIncomeAndEquityInUndistributedEarningsLossesOfAffiliatedCompany Unappropriated Retained Income (75) |
119 |
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74 |
TreasuryStock (Less) Treasury Stock (76) |
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75 |
AccumulatedOtherComprehensiveIncome Accumulated Other Comprehensive Income (77) |
116 |
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76 |
StockholdersEquity TOTAL Stockholders' Equity (Total of lines 68 thru 75) |
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77 |
LiabilitiesAndStockholdersEquity TOTAL Liabilities and Stockholders' Equity (Total of lines 67 and 76) |
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Name of Respondent |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Date of Report |
Year/Period of Report End of: |
FOOTNOTE DATA |
(a) Concept: OtherNoncurrentLiabilities |
Other Noncurrent Liabilities is comprised of amounts payable to affiliated companies associated with cash management services including amounts associated with funding acquisitions, construction projects and other items. |
Name of Respondent |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Date of Report |
Year/Period of Report End of: |
Income Statement |
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Line No. |
Item (a) |
Reference Page No. in Annual Report (b) |
Total current year to date Balance for Quarter/Year (c) |
Total prior year to date Balance for Quarter/Year (d) |
Current 3 months ended Quarterly only no 4th Quarter (e) |
Prior 3 months ended Quarterly only no 4th Quarter (f) |
OrdinaryItemsCarrierOperatingIncomeAbstract ORDINARY ITEMS - Carrier Operating Income |
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1 |
OperatingRevenues Operating Revenues (600) |
301 |
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2 |
OperatingExpenses (Less) Operating Expenses (610) |
302 |
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3 |
NetCarrierOperatingIncome Net Carrier Operating Income |
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OtherIncomeAndDeductionsAbstract Other Income and Deductions |
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4 |
IncomeNetFromNoncarrierProperty Income (Net) from Noncarrier Property (620) |
335 |
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5 |
InterestAndDividendIncome Interest and Dividend Income (From Investment under Cost Only) (630) |
336 |
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6 |
MiscellaneousIncome Miscellaneous Income (640) |
337 |
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7 |
UnusualOrInfrequentItemsCredit Unusual or Infrequent Items--Credits (645) |
(a) |
(b) |
(c) |
(d) |
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8 |
InterestExpense (Less) Interest Expense (650) |
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9 |
MiscellaneousIncomeCharges (Less) Miscellaneous Income Charges (660) |
337 |
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10 |
UnusualOrInfrequentItemsDebit (Less) Unusual or Infrequent Items--Debit (665) |
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11 |
DividendIncomeEquityInvestments Dividend Income (From Investments under Equity Only) |
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12 |
UndistributedEarningsLosses Undistributed Earnings (Losses) |
205 |
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13 |
EquityInEarningsLossesOfAffiliatedCompaniesIncludingDividendIncome Equity in Earnings (Losses) of Affiliated Companies (Total Lines 11 and 12) |
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14 |
OtherIncomeAndDeductions TOTAL Other Income and Deductions (Total Lines 4 thru 10 and 13) |
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15 |
OrdinaryIncomeBeforeFederalIncomeTaxes Ordinary Income before Federal Income Taxes (Line 3 +/- 14) |
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16 |
FederalIncomeTaxesOnIncomeFromContinuingOperations (Less) Income Taxes on Income from Continuing Operations (670) |
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17 |
ProvisionForDeferredTaxes (Less) Provision for Deferred Taxes (671) |
230 |
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18 |
IncomeLossFromContinuingOperations Income (Loss) from Continuing Operations (Total Lines 15 thru 17) |
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DiscontinuedOperationsAbstract Discontinued Operations |
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19 |
IncomeLossFromOperationsOfDiscontinuedSegmentsLessApplicableIncomeTaxes Income (Loss) from Operations of Discontinued Segments (675)* |
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20 |
GainLossFromDispositionOfDiscontinuedSegmentsLessApplicableIncomeTaxes Gain (Loss) on Disposal of Discontinued Segments (676)* |
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21 |
IncomeLossFromDiscontinuedOperations TOTAL Income (Loss) from Discontinued Operations (Lines 19 and 20) |
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22 |
IncomeLossBeforeExtraordinaryItems Income (Loss) before Extraordinary Items (Total Lines 18 and 21) |
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ExtraordinaryItemsAndAccountingChangesAbstract EXTRAORDINARY ITEMS AND ACCOUNT CHANGES |
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23 |
ExtraordinaryItemsNet Extraordinary Items -- Net -- (Debit) Credit (680) |
337 |
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24 |
IncomeTaxesOnExtraordinaryItems Income Taxes on Extraordinary Items -- Debit (Credit) (695) |
337 |
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25 |
ProvisionForDeferredTaxesExtraordinaryItems Provision for Deferred Taxes -- Extraordinary Items (696) |
230 |
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26 |
ExtraordinaryItems TOTAL Extraordinary Items (Total Lines 23 thru 25) |
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27 |
CumulativeEffectOfChangesInAccountingPrinciplesLessApplicableIncomeTaxes Cumulative Effect of Changes in Accounting Principles (697)* |
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28 |
ExtraordinaryItemsAndAccountingChanges TOTAL Extraordinary Items and Accounting Changes -- (Debit) Credit
(Line 26 + 27) |
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29 |
NetIncomeLoss Net Income (Loss) (Total Lines 22 and 28) |
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* Less applicable income taxes as reported on page 122 |
Name of Respondent |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Date of Report |
Year/Period of Report End of: |
FOOTNOTE DATA |
(a) Concept: UnusualOrInfrequentItemsCredit |
This amount relates to Line 901 costs, see additional discussion in the Notes to Financial Statements at pages 123.1 to 123.6. Due to the significance of the event, these costs are reported with Account 645, Unusual of Infrequent Items. |
(b) Concept: UnusualOrInfrequentItemsCredit |
This line has been updated to conform to current year presentation. This amount relates to Line 901 costs, see additional discussion in the Notes to Financial Statements at pages 123.1 to 123.6. Due to the significance of the event, these costs are reported with Account 645, Unusual of Infrequent Items. In the 2017 Q1 Form 6Q, these costs were reported in Operating Expenses. The costs were moved by crediting Unusual of Infrequent Items (645) and debiting Operating Expenses $254,562. |
(c) Concept: UnusualOrInfrequentItemsCredit |
This amount relates to Line 901 costs, see additional discussion in the Notes to Financial Statements at pages 123.1 to 123.6. Due to the significance of the event, these costs are reported with Account 645, Unusual of Infrequent Items. |
(d) Concept: UnusualOrInfrequentItemsCredit |
This line has been updated to conform to current year presentation. This amount relates to Line 901 costs, see additional discussion in the Notes to Financial Statements at pages 123.1 to 123.6. Due to the significance of the event, these costs are reported with Account 645, Unusual of Infrequent Items. In the 2017 Q1 Form 6Q, these costs were reported in Operating Expenses. The costs were moved by crediting Unusual of Infrequent Items (645) and debiting Operating Expenses $254,562. |
Name of Respondent |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Date of Report |
Year/Period of Report End of: |
Statement of Accumulated Other Comprehensive Income and Hedging Activities |
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Line No. |
Item (a) |
Unrealized Gains
and Losses on
available-for-sale
securities (b) |
Minimum Pension
liabililty Adjustment
(net amount) (c) |
Foreign Currency
Hedges (d) |
Other
Adjustments (e) |
Other Cash Flow Hedges
Interest Rate Swaps (f) |
Other Cash Flow Hedges
[Insert Footnote at Line 1
to specify] (g) |
Totals for each
category of
items recorded in
Account 77 (h) |
Net Income
(Carried Forward
from Page 114,
Line 29) (i) |
Total
Comprehensive
Income (j) |
1 | Balance of Account 77 at Beginning of Preceding Year |
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2 | Preceding Quarter/Year to Date Reclassifications from Account 77 to Net Income |
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3 | Preceding Quarter/Year to Date Changes in Fair Value |
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4 | Total (lines 2 and 3) |
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5 | Balance of Account 77 at End of Preceding Quarter/Year |
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6 | Balance of Account 77 at Beginning of Current Year |
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7 | Current Quarter/Year to Date Reclassifications from Account 77 to Net Income |
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8 | Current Quarter/Year to Date Changes in Fair Value |
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9 | Total (lines 7 and 8) |
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10 | Balance of Account 77 at End of Current Quarter/Year |
Name of Respondent |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Date of Report |
Year/Period of Report End of: |
Unappropriated Retained Income Statement |
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Line No. |
Item (a) |
Reference
page no. for
Year (b) |
Current Quarter/Year
(in dollars) (c) |
Previous Quarter/Year
(in dollars) (d) |
UnappropriatedRetainedEarningsAbstract UNAPPROPRIATED RETAINED INCOME |
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1 |
UnappropriatedRetainedIncome Balances at Beginning of Year |
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AdditionsToUnappropriatedRetainedIncomeAbstract CREDITS |
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2 |
UnappropriatedRetainedIncomeCreditTransferredFromIncome Net Balance Transferred from Income (700) |
114 |
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3 |
PriorPeriodAdjustmentsToBeginningRetainedIncomeAccount Prior Period Adjustments to Beginning Retained Income (705) |
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4 |
OtherCreditsToRetainedIncome Other Credits to Retained Income (710)* |
337 |
(a) |
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5 |
AdditionsToUnappropriatedRetainedIncome TOTAL (Lines 2 thru 4) |
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DeductionsFromUnappropriatedRetainedIncomeAbstract DEBITS |
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6 |
UnappropriatedRetainedIncomeDebitTransferredFromIncome Net Balance Transferred from Income (700) |
114 |
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7 |
OtherDebitsToRetainedIncome Other Debits to Retained Income (720)* |
337 |
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8 |
AppropriationsOfRetainedIncome Appropriations of Retained Income (740) |
118 |
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9 |
DividendAppropriationsOfRetainedIncome Dividend Appropriations of Retained Income (750) |
121 |
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10 |
DeductionsFromUnappropriatedRetainedIncome TOTAL (lines 6 thru 9) |
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11 |
NetIncreaseDecreaseInUnappropriatedRetainedIncome Net Increase (Decrease) During Year (Line 5 minus line 10) |
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12 |
UnappropriatedRetainedIncome Balances at End of Year (Lines 1 and 11) |
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13 |
EquityInEarningsLossesOfAffiliatedCompanies Balance from Line 20 |
204 |
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14 |
UnappropriatedRetainedIncomeAndEquityInUndistributedEarningsLossesOfAffiliatedCompany TOTAL Unapprop. Retained Inc. and Equity in Undistr. Earnings. (Losses)
of Affil. Comp. at End of Year (Lines 12 & 13) |
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AssignedFederalIncomeTaxConsequencesAbstract *Amount of Assigned Federal Income Tax Consequences |
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15 |
AssignedFederalIncomeTaxConsequencesOtherCreditsToRetainedIncome Account No. 710 |
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16 |
AssignedFederalIncomeTaxConsequencesOtherDebitsToRetainedIncome Account No. 720 |
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EquityInUndistributedEarningsLossesOfAffiliatedCompaniesAbstract EQUITY IN UNDISTRIBUTED EARNINGS (LOSSES) OF AFFILIATED COMPANIES |
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17 |
EquityInEarningsLossesOfAffiliatedCompanies Balances at Beginning of Year |
204 |
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18 |
UndistributedEarningsLosses Net Balance transferred from Income (700) |
114 |
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19 |
OtherCreditsDebitsToEquityInUndistributedEarningsLossesOfAffiliatedCompanies Other Credits (Debits) |
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20 |
EquityInEarningsLossesOfAffiliatedCompanies Balances at End of Reporting Period/Year |
204 |
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Name of Respondent |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Date of Report |
Year/Period of Report End of: |
FOOTNOTE DATA |
(a) Concept: OtherCreditsToRetainedIncome |
This amount is primarily due to the adoption of FASB Accounting Standards Update 2017-05. In February 2017, the FASB issued ASU 2017-05, Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets. Plains adopted this ASU on January 1, 2018, using the modified retrospective approach. The cumulative effect of our adoption resulted in increases in both the carrying value of investments in unconsolidated entities and retained earnings related to the retained noncontrolling interest in those entities from partial sales of businesses previously accounted for under in-substance real estate guidance during 2016 and 2017. |
Name of Respondent |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Date of Report |
Year/Period of Report End of: |
Statement of Cash Flows |
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Line No. |
Description (See Instructions No. 5 for Explanation of Codes) (a) |
Current Quarter/Year Amount (b) |
Previous Quarter/Year Amount (c) |
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1 |
NetCashFlowFromOperatingActivitiesAbstract Cash Flow from Operating Activities: |
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2 |
NetIncomeLoss Net Income |
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3 |
NoncashChargesCreditsToIncomeAbstract Noncash Charges (Credits) to Income: |
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4 |
DepreciationAndDepletion Depreciation |
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5 |
Amortization Amortization |
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6 |
NoncashAdjustmentsToCashFlowsFromOperatingActivities Other Non Cash Adjustments |
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6.1 |
NoncashAdjustmentsToCashFlowsFromOperatingActivitiesDescription |
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6.2 |
NoncashAdjustmentsToCashFlowsFromOperatingActivitiesDescription |
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6.3 |
NoncashAdjustmentsToCashFlowsFromOperatingActivitiesDescription |
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6.4 |
NoncashAdjustmentsToCashFlowsFromOperatingActivitiesDescription |
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8 |
DeferredIncomeTaxesNet Deferred Income Taxes |
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10 |
NetIncreaseDecreaseInReceivablesOperatingActivities Net (Increase) Decrease in Receivables |
(a) |
(f) |
|||||||||
11 |
NetIncreaseDecreaseInInventoryOperatingActivities Net (Increase) Decrease in Inventory |
(b) |
(g) |
|||||||||
12 |
NetIncreaseDecreaseInPayablesAndAccruedExpensesOperatingActivities Net Increase (Decrease) in Payables and Accrued Expenses |
|||||||||||
14 |
OtherAdjustmentsToCashFlowsFromOperatingActivities Other |
|||||||||||
14.1 |
OtherAdjustmentsToCashFlowsFromOperatingActivitiesDescription |
|||||||||||
14.2 |
OtherAdjustmentsToCashFlowsFromOperatingActivitiesDescription |
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14.3 |
OtherAdjustmentsToCashFlowsFromOperatingActivitiesDescription |
|
|
|||||||||
14.4 |
OtherAdjustmentsToCashFlowsFromOperatingActivitiesDescription |
|
||||||||||
14.5 |
OtherAdjustmentsToCashFlowsFromOperatingActivitiesDescription |
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22 |
NetCashProvidedByUsedInOperatingActivities Net Cash Provided by (Used in) Operating Activities (Total of lines 2 thru 20) |
|
||||||||||
24 |
CashFlowsFromInvestmentActivitiesAbstract Cash Flows from Investment Activities: |
|||||||||||
25 |
ConstructionAndAcquisitionOfPlantIncludingLandAbstract Construction and Acquisition of Plant (including land): |
|||||||||||
26 |
GrossAdditionsToCarrierPropertyInvestmentActivities Gross Additions to Carrier Property: |
(c) |
(h) |
|||||||||
27 |
GrossAdditionsToNoncarrierPropertyInvestmentActivities Gross Additions to Noncarrier Property |
|||||||||||
28 |
OtherConstructionAndAcquisitionOfPlantInvestmentActivities Other |
|||||||||||
28.1 |
OtherConstructionAndAcquisitionOfPlantInvestmentActivitiesDescription |
|||||||||||
28.2 |
OtherConstructionAndAcquisitionOfPlantInvestmentActivitiesDescription |
|||||||||||
28.3 |
OtherConstructionAndAcquisitionOfPlantInvestmentActivitiesDescription |
(i) |
||||||||||
34 |
CashOutflowsForPlant Cash Outflows for Plant (Total of lines 26 thru 33) |
(d) |
(j) |
|||||||||
36 |
AcquisitionOfOtherNoncurrentAssets Acquisition of Other Noncurrent Assets (d) |
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37 |
ProceedsFromDisposalOfNoncurrentAssets Proceeds from Disposal of Noncurrent Assets (d) |
|||||||||||
39 |
InvestmentsInAndAdvancesToAssociatedAndSubsidiaryCompanies Investments in and Advances to Assoc. and Subsidiary Companies |
(e) |
(k) |
|||||||||
40 |
ContributionsAndAdvancesFromAssociatedAndSubsidiaryCompanies Contributions and Advances from Assoc. and Subsidiary Companies |
|||||||||||
42 |
DispositionOfInvestmentsInAndAdvancesToAssociatedAndSubsidiaryCompanies Disposition of Investments in (and Advances to) Associated and Subsidiary Companies |
|||||||||||
44 |
PurchaseOfInvestmentSecurities Purchase of Investment Securities (a) |
|||||||||||
45 |
ProceedsFromSalesOfInvestmentSecurities Proceeds from Sales of Investment Securities (a) |
|||||||||||
46 |
LoansMadeOrPurchased Loans Made or Purchased |
|||||||||||
47 |
CollectionsOnLoans Collections on Loans |
|||||||||||
49 |
NetIncreaseDecreaseInReceivablesInvestingActivities Net (Increase) Decrease in Receivables |
|||||||||||
50 |
NetIncreaseDecreaseInInventoryInvestingActivities Net (Increase) Decrease in Inventory |
|||||||||||
51 |
NetIncreaseDecreaseInPayablesAndAccruedExpensesInvestingActivities Net Increase (Decrease) in Payables and Accrued Expenses |
|||||||||||
52 |
OtherAdjustmentsToCashFlowsFromInvestmentActivities Other |
|||||||||||
52.1 |
OtherAdjustmentsToCashFlowsFromInvestmentActivitiesDescription |
|||||||||||
52.2 |
OtherAdjustmentsToCashFlowsFromInvestmentActivitiesDescription |
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57 |
CashFlowsProvidedFromUsedInInvestmentActivities Net Cash Provided by (Used in) Investing Activities (Total of Lines 34 thru 55) |
|
|
|||||||||
59 |
CashFlowsFromFinancingActivitiesAbstract Cash Flows from Financing Activities: |
|||||||||||
60 |
ProceedsFromIssuanceAbstract Proceeds from Issuance of: |
|||||||||||
61 |
ProceedsFromIssuanceOfLongTermDebtFinancingActivities Long-Term Debt (b) |
|||||||||||
62 |
ProceedsFromIssuanceOfCapitalStock Capital Stock |
|||||||||||
63 |
OtherAdjustmentsByOutsideSourcesToCashFlowsFromFinancingActivities Other |
|||||||||||
63.1 |
DescriptionForOtherAdjustmentsByOutsideSourcesToCashFlowsFromFinancingActivities |
|||||||||||
66 |
NetIncreaseInShortTermDebt Net Increase in Short-Term Debt (c) |
|||||||||||
67 |
OtherAdjustmentByShortTermDebtToCashFlowsFromFinancingActivities Other |
|||||||||||
67.1 |
OtherAdjustmentByShortTermDebtToCashFlowsFromFinancingActivitiesDescription |
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70 |
CashProvidedByOutsideSources Cash Provided by Outside Sources (Total of lines 61 thru 69) |
|||||||||||
72 |
PaymentsForRetirementAbstract Payment for Retirement of: |
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73 |
PaymentsForRetirementOfLongTermDebtFinancingActivities Long-term Debt (b) |
|||||||||||
74 |
PaymentForRetirementOfCapitalStock Capital Stock |
|||||||||||
75 |
OtherRetirementsOfBalancesImpactingCashFlowsFromFinancingActivities Other |
|||||||||||
75.1 |
DescriptionOfOtherRetirementsImpactingCashFlowsFromFinancingActivities |
|||||||||||
78 |
NetDecreaseInShortTermDebt Net Decrease in Short-Term Debt (c) |
|||||||||||
80 |
DividendsOnCapitalStock Dividends on Capital Stock |
|||||||||||
81 |
OtherAdjustmentsToCashFlowsFromFinancingActivities Other |
|||||||||||
81.1 |
OtherAdjustmentsToCashFlowsFromFinancingActivitiesDescription |
|
|
|||||||||
81.2 |
OtherAdjustmentsToCashFlowsFromFinancingActivitiesDescription |
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83 |
CashFlowsProvidedFromUsedInFinancingActivities Net Cash Provided by (Used in) Financing Activities (Total of lines 70 thru 81) |
|
|
|||||||||
85 |
NetIncreaseDecreaseInCashAndCashEquivalentsAbstract Net Increase (Decrease) in Cash and Cash Equivalents |
|||||||||||
86 |
NetIncreaseDecreaseInCashAndCashEquivalents Net Increase (Decrease) in Cash and Cash Equivalents (Total of Lines 22, 57, and 83) |
|
||||||||||
88 |
CashAndCashEquivalents Cash and Cash Equivalents at Beginning of Year |
|
||||||||||
90 |
CashAndCashEquivalents Cash and Cash Equivalents at End of Year |
Name of Respondent |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Date of Report |
Year/Period of Report End of: |
FOOTNOTE DATA |
(a) Concept: NetIncreaseDecreaseInReceivablesOperatingActivities |
(b) Concept: NetIncreaseDecreaseInInventoryOperatingActivities |
(c) Concept: GrossAdditionsToCarrierPropertyInvestmentActivities |
(d) Concept: CashOutflowsForPlant |
(e) Concept: InvestmentsInAndAdvancesToAssociatedAndSubsidiaryCompanies |
(f) Concept: NetIncreaseDecreaseInReceivablesOperatingActivities |
(g) Concept: NetIncreaseDecreaseInInventoryOperatingActivities |
(h) Concept: GrossAdditionsToCarrierPropertyInvestmentActivities |
(i) Concept: OtherConstructionAndAcquisitionOfPlantInvestmentActivities |
(j) Concept: CashOutflowsForPlant |
(k) Concept: InvestmentsInAndAdvancesToAssociatedAndSubsidiaryCompanies |
Name of Respondent |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Date of Report |
Year/Period of Report End of: |
Notes to Financial Statements |
||||
Quarterly Notes
Annual Notes
|
||||
The following is a summary of significant items impacting the referenced financial statements: Description of Business and Basis of Presentation Plains Pipeline, L.P. (“Plains” or the “Company”) owns and operates an extensive network of crude oil pipeline assets in key crude oil basins and transportation corridors and at major market hubs in the United States. The accompanying consolidated financial statements are presented in accordance with the Uniform System of Accounts prescribed by the Federal Energy Regulatory Commission “FERC”. The preparation of financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Merger of Alpha Holding Company, LLC Effective January 1, 2018, Alpha Holding Company, LLC was merged into Plains. Prior to the merger, Plains held 100% of the member interests in the company. Plains is the surviving entity.
Divestiture of Trenton Gathering and Bakken North Pipeline Assets On December 19, 2017, Plains formed Plains Pipeline Montana LLC (“Plains Montana”) as a wholly owned subsidiary. On March 1, 2018, Plains sold the Trenton Gathering Pipeline system and tanks and the Bakken North Pipeline system and tanks to Plains Montana. Since this was a transaction between affiliates, the assets were transferred at carrying values.
Other Matters Specific Incidents For the purposes of this footnote, references to “we”, “us”, “our”, “PAA” and “PAGP” refer to Plains Pipeline, L.P. or its parent entities or affiliated entities. Disclosures are included for events through the end of the applicable quarter covered by this filing. Line 901 Incident: In May 2015, we experienced a crude oil release from our Las Flores to Gaviota Pipeline (Line 901) in Santa Barbara County, California. A portion of the released crude oil reached the Pacific Ocean at Refugio State Beach through a drainage culvert. Following the release, we shut down the pipeline and initiated our emergency response plan. A Unified Command, which included the United States Coast Guard, the EPA, the California Office of Spill Prevention and Response and the Santa Barbara Office of Emergency Management, was established for the response effort. Clean-up and remediation operations with respect to impacted shoreline and other areas has been determined by the Unified Command to be complete, and the Unified Command has been dissolved. Our estimate of the amount of oil spilled, based on relevant facts, data and information, is approximately 2,934 barrels; of this amount, we estimate that 598 barrels reached the Pacific Ocean. As a result of the Line 901 incident, several governmental agencies and regulators initiated investigations into the Line 901 incident, various claims have been made against us and a number of lawsuits have been filed against us. We may be subject to additional claims, investigations and lawsuits, which could materially impact the liabilities and costs we currently expect to incur as a result of the Line 901 incident. Set forth below is a brief summary of actions and matters that are currently pending: On May 21, 2015, we received a corrective action order from the United States Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (“PHMSA”), the governmental agency with jurisdiction over the operation of Line 901 as well as over a second stretch of pipeline extending from Gaviota Pump Station in Santa Barbara County to Emidio Pump Station in Kern County, California (Line 903), requiring us to shut down, purge, review, remediate and test Line 901. The corrective action order was subsequently amended on June 3, 2015; November 13, 2015; and June 16, 2016 to require us to take additional corrective actions with respect to both Lines 901 and 903 (as amended, the “CAO”). Among other requirements, the CAO obligated us to conduct a root cause failure analysis with respect to Line 901 and present remedial work plans and restart plans to PHMSA prior to returning Line 901 and 903 to service; the CAO also imposed a pressure restriction on the section of Line 903 between Pentland Pump Station and Emidio Pump Station and required us to take other specified actions with respect to both Lines 901 and 903. We intend to continue to comply with the CAO and to cooperate with any other governmental investigations relating to or arising out of the release. Excavation and removal of the affected section of the pipeline was completed on May 28, 2015. Line 901 and Line 903 have been purged and are not currently operational, with the exception of the Pentland to Emidio segment of Line 903, which remains in service under a pressure restriction. No timeline has been established for the restart of Line 901 or Line 903. On February 17, 2016, PHMSA issued a Preliminary Factual Report of the Line 901 failure, which contains PHMSA’s preliminary findings regarding factual information about the events leading up to the accident and the technical analysis that has been conducted to date. On May 19, 2016, PHMSA issued its final Failure Investigation Report regarding the Line 901 incident. PHMSA’s findings indicate that the direct cause of the Line 901 incident was external corrosion that thinned the pipe wall to a level where it ruptured suddenly and released crude oil. PHMSA also concluded that there were numerous contributory causes of the Line 901 incident, including ineffective protection against external corrosion, failure to detect and mitigate the corrosion and a lack of timely detection and response to the rupture. The report also included copies of various engineering and technical reports regarding the incident. By virtue of its statutory authority, PHMSA has the power and authority to impose fines and penalties on us and cause civil or criminal charges to be brought against us. While to date PHMSA has not imposed any such fines or penalties or any such civil or criminal charges with respect to the Line 901 release, their investigation is still open and we may have fines or penalties imposed upon us, or civil or criminal charges brought against us, in the future. In late May of 2015, the California Attorney General’s Office and the District Attorney’s office for the County of Santa Barbara began investigating the Line 901 incident to determine whether any applicable state or local laws had been violated. On May 16, 2016, PAA and one of its employees were charged by a California state grand jury, pursuant to an indictment filed in California Superior Court, Santa Barbara County (the “May 2016 Indictment”), with alleged violations of California law in connection with the Line 901 incident. The May 2016 Indictment included a total of 46 counts. On July 28, 2016, at an arraignment hearing held in California Superior Court in Santa Barbara County, PAA pled not guilty to all counts. Since May of 2016, 31 of the criminal charges against PAA (including one felony charge) and all of the criminal charges against our employee, have been dismissed. Nine of the remaining 15 charges are misdemeanor charges relating to wildlife allegedly taken as a result of the accidental release. The remaining six counts relate to the release of crude oil or reporting of the release. PAA believes that the criminal charges (including the three felony charges) are unwarranted and that neither PAA nor any of its employees engaged in any criminal behavior at any time in connection with this accident. PAA continues to vigorously defend itself against the charges. Also in late May of 2015, the United States Attorney for the Department of Justice, Central District of California, Environmental Crimes Section (“DOJ”) began an investigation into whether there were any violations of federal criminal statutes in connection with the Line 901 incident, including potential violations of the federal Clean Water Act. We are cooperating with the DOJ’s investigation by responding to their requests for documents and access to our employees. The DOJ has already spoken to several of our employees and has expressed an interest in talking to other employees; consistent with the terms of our governing organizational documents, we are funding our employees’ defense costs, including the costs of separate counsel engaged to represent such individuals. On August 26, 2015, we received a Request for Information from the EPA relating to Line 901. We have provided various responsive materials to date and we will continue to do so in the future in cooperation with the EPA. In June of 2018, the California Attorney General filed a civil lawsuit against PAA in the Superior Court of the State of California in Santa Barbara on behalf of the California State Lands Commission in its capacity as the lessor of certain offshore oil and gas properties to a private company for the production of oil and gas (the “State Lands Lawsuit”). The lawsuit seeks recovery of damages consisting of foregone royalties, maintenance costs and future decommissioning costs related to an oil production platform located off of the coast of California. In such lawsuit, the California Attorney General alleges that PAA is responsible for such damages because PAA’s conduct in connection with the Line 901 release, and PAA’s failure to restart Line 901, caused the shutdown of the lessee’s production platform, which in turn resulted in the lessee quitclaiming its leases back to the State and filing for bankruptcy protection. PAA denies responsibility for the alleged damages and will respond accordingly in the lawsuit. While to date no civil actions or criminal charges with respect to the Line 901 release, other than those brought pursuant to the May 2016 Indictment and the State Lands Lawsuit, have been brought against PAA or any of its affiliates, officers or employees by PHMSA, DOJ, EPA, the California Attorney General, the Santa Barbara District Attorney or the California Department of Fish and Wildlife, and no fines or penalties have been imposed by such governmental agencies, the investigations being conducted by such agencies are still open and we may have fines or penalties imposed upon us, our officers or our employees, or civil actions or criminal charges brought against us, our officers or our employees in the future, whether by those or other governmental agencies. Shortly following the Line 901 incident, we established a claims line and encouraged any parties that were damaged by the release to contact us to discuss their damage claims. We have received a number of claims through the claims line and we are processing those claims for payment as we receive them. In addition, we have also had nine class action lawsuits filed against us, six of which have been administratively consolidated into a single proceeding in the United States District Court for the Central District of California. In general, the plaintiffs are seeking to establish different classes of claimants that have allegedly been damaged by the release. To date, the court has certified three sub-classes of claimants and denied certification of the other proposed sub-class. The sub-classes that have been certified include (i) commercial fishermen who landed fish in certain specified fishing blocks in the waters adjacent to Santa Barbara County or persons or businesses who resold commercial seafood landed in such areas; (ii) individuals or businesses who were employed by or had contracts with certain designated oil platforms and related onshore processing facilities in the vicinity of the release as of the date of the release and (iii) beachfront property and easement owners whose properties were oiled. We are petitioning for leave to appeal the oil industry and property class certifications. We are also defending a separate class action lawsuit proceeding in the United States District Court for the Central District of California brought on behalf of the Line 901 and Line 903 easement holders seeking injunctive relief as well as compensatory damages. There have also been two securities law class action lawsuits filed on behalf of certain purported investors in PAA and/or PAGP against PAA, PAGP and/or certain of their respective officers, directors and underwriters. Both of these lawsuits have been consolidated into a single proceeding in the United States District Court for the Southern District of Texas. In general, these lawsuits allege that the various defendants violated securities laws by misleading investors regarding the integrity of PAA’s pipelines and related facilities through false and misleading statements, omission of material facts and concealing of the true extent of the spill. The plaintiffs claim unspecified damages as a result of the reduction in value of their investments in PAA and PAGP, which they attribute to the alleged wrongful acts of the defendants. PAA and PAGP, and the other defendants, denied the allegations in, and moved to dismiss these lawsuits. On March 29, 2017, the Court ruled in our favor dismissing all claims against all defendants. Plaintiffs refiled their complaint, and on April 2, 2018, the Court dismissed all of the refiled claims against all defendants with prejudice. Plaintiffs subsequently appealed the dismissal to the Fifth Circuit Court of Appeals where the matter is currently pending. Consistent with and subject to the terms of our governing organizational documents (and to the extent applicable, insurance policies), we have indemnified and funded the defense costs of our officers and directors in connection with this lawsuit; we have also indemnified and funded the defense costs of our underwriters pursuant to the terms of the underwriting agreements we previously entered into with such underwriters. In addition, four unitholder derivative lawsuits have been filed by certain purported investors in PAA against PAA, certain of its affiliates and certain officers and directors. Two of these lawsuits were filed in the United States District Court for the Southern District of Texas and were administratively consolidated into one action and later dismissed on the basis that Plains Partnership agreements require that derivative suits be filed in Delaware Chancery Court. Following the order dismissing the Texas Federal Court suits, a new derivative suit brought by different plaintiffs was filed in Delaware Chancery Court. The other remaining lawsuit was filed in State District Court in Harris County, Texas and subsequently dismissed by the Court. In general, these lawsuits allege that the various defendants breached their fiduciary duties, engaged in gross mismanagement and made false and misleading statements, among other similar allegations, in connection with their management and oversight of PAA during the period of time leading up to and following the Line 901 release. The plaintiffs in the remaining lawsuit claim that PAA suffered unspecified damages as a result of the actions of the various defendants and seek to hold the defendants liable for such damages, in addition to other remedies. The defendants deny the allegations in this lawsuit and have responded accordingly. Consistent with and subject to the terms of our governing organizational documents (and to the extent applicable, insurance policies), we are indemnifying and funding the defense costs of our officers and directors in connection with this lawsuit. We have also received several other individual lawsuits and complaints from companies and individuals alleging damages arising out of the Line 901 incident. These lawsuits and claims generally seek compensatory and punitive damages, and in some cases permanent injunctive relief. In addition to the foregoing, as the “responsible party” for the Line 901 incident we are liable for various costs and for certain natural resource damages under the Oil Pollution Act, and we also have exposure to the payment of additional fines, penalties and costs under other applicable federal, state and local laws, statutes and regulations. To the extent any such costs are reasonably estimable, we have included an estimate of such costs in the loss accrual described below. Taking the foregoing into account, as of March 31, 2018, we estimate that the aggregate total costs we have incurred or will incur with respect to the Line 901 incident will be approximately $335 million, which estimate includes actual and projected emergency response and clean-up costs, natural resource damage assessments and certain third party claims settlements, as well as estimates for fines, penalties and certain legal fees. We accrue such estimates of aggregate total costs to “Unusual of Infrequent Items” in our Income Statement. This estimate considers our prior experience in environmental investigation and remediation matters and available data from, and in consultation with, our environmental and other specialists, as well as currently available facts and presently enacted laws and regulations. We have made assumptions for (i) the duration of the natural resource damage assessment process and the ultimate amount of damages determined, (ii) the resolution of certain third party claims and lawsuits, but excluding claims and lawsuits with respect to which losses are not probable and reasonably estimable, and excluding future claims and lawsuits, (iii) the determination and calculation of fines and penalties, but excluding fines and penalties that are not probable and reasonably estimable and (iv) the nature, extent and cost of legal services that will be required in connection with all lawsuits, claims and other matters requiring legal or expert advice associated with the Line 901 incident. Our estimate does not include any lost revenue associated with the shutdown of Line 901 or 903 and does not include any liabilities or costs that are not reasonably estimable at this time or that relate to contingencies where we currently regard the likelihood of loss as being only reasonably possible or remote. We believe we have accrued adequate amounts for all probable and reasonably estimable costs; however, this estimate is subject to uncertainties associated with the assumptions that we have made. For example, the amount of time it takes for us to resolve all of the current and future lawsuits, claims and investigations that relate to the Line 901 incident could turn out to be significantly longer than we have assumed, and as a result the costs we incur for legal services could be significantly higher than we have estimated. In addition, with respect to fines and penalties, the ultimate amount of any fines and penalties assessed against us depends on a wide variety of factors, many of which are not estimable at this time. Where fines and penalties are probable and estimable, we have included them in our estimate, although such estimates could turn out to be wrong. Accordingly, our assumptions and estimates may turn out to be inaccurate and our total costs could turn out to be materially higher; therefore, we can provide no assurance that we will not have to accrue significant additional costs in the future with respect to the Line 901 incident. As of March 31, 2018, we had a remaining undiscounted gross liability of $87 million related to this event, of which approximately $55 million is presented as a current liability in “Accounts Payable” on our Balance Sheet, with the remainder presented in “Other Noncurrent Liabilities”. We maintain insurance coverage, which is subject to certain exclusions and deductibles, in the event of such environmental liabilities. Subject to such exclusions and deductibles, we believe that our coverage is adequate to cover the current estimated total emergency response and clean-up costs, claims settlement costs and remediation costs and we believe that this coverage is also adequate to cover any potential increase in the estimates for these costs that exceed the amounts currently identified. Through March 31, 2018, we had collected, subject to customary reservations, $174 million out of the approximate $220 million of release costs that we believe are probable of recovery from insurance carriers, net of deductibles. Therefore, as of March 31, 2018, we have recognized a receivable of approximately $46 million for the portion of the release costs that we believe is probable of recovery from insurance, net of deductibles and amounts already collected. Of this amount, approximately $22 million is recognized as a current asset in “Accounts Receivable” on our Balance Sheet, with the remainder in “Miscellaneous Other Assets”. We have completed the required clean-up and remediation work as determined by the Unified Command and the Unified Command has been dissolved; however, we expect to make payments for additional costs associated with restoration of the impacted areas, as well as natural resource damage assessment and compensation, legal, professional and regulatory costs, in addition to fines and penalties, during future periods. |
Name of Respondent |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Date of Report |
Year/Period of Report End of: |
Operating Revenues |
||||
Report the respondent's pipeline operating revenues year to date, classified in accordance with the Uniform System of Accounts. |
||||
Line No. |
Account (a) |
Crude Oil Current
Year to Date
Quarter (b) |
Products Current
Year to Date
Quarter (c) |
Total Year to Date Quarter (b) + (c) (d) |
1 |
GatheringRevenues (200) Gathering Revenues |
|
|
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2 |
TrunkRevenues (210) Trunk Revenues |
|
|
|
3 |
DeliveryRevenues (220) Delivery Revenues |
|
|
|
4 |
AllowanceOilRevenue (230) Allowance Oil Revenue |
|
|
|
5 |
StorageAndDemurrageRevenue (240) Storage and Demurrage Revenue |
|
|
|
6 |
RentalRevenue (250) Rental Revenue |
|
|
|
7 |
IncidentalRevenue (260) Incidental Revenue |
|
|
|
8 |
OperatingRevenues TOTAL (lines 1 through 7) |
|
|
Name of Respondent |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Date of Report |
Year/Period of Report End of: |
Operating Expense Accounts (Account 610) |
|||||||||
State the pipeline operating expenses of the respondent for the year, classifying them in accordance with the USofA. |
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CRUDE OIL (Year to Date) | PRODUCTS (Year to Date) | ||||||||
Line No. |
Operating Expenses Accounts (a) |
Gathering (b) |
Trunk (c) |
Delivery (d) |
Total
(b + c + d) (e) |
Trunk
(in dollars) (f) |
Delivery
(in dollars) (g) |
Total (f + g)
(in dollars) (h) |
Grand Total
(e + h) (i) |
OperationsAndMaintenanceAbstract OPERATIONS and MAINTENANCE |
|||||||||
1 |
SalariesAndWagesOperationsAndMaintenance Salaries and Wages (300) |
|
|
|
|
||||
2 |
MaterialsAndSuppliesOperationsAndMaintenance Materials and Supplies (310) |
|
|
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|
||||
3 |
OutsideServicesOperationsAndMaintenance Outside Services (320) |
|
|
|
|
||||
4 |
OperatingFuelAndPowerOperationsAndMaintenance Operating Fuel and Power (330) |
|
|
|
|
||||
5 |
OilLossesAndShortagesOperationsAndMaintenance Oil Losses and Shortages (340) |
|
|
|
|
||||
6 |
RentalsOperationsAndMaintenance Rentals (350) |
|
|
|
|
||||
7 |
OtherExpensesOperationsAndMaintenance Other Expenses (390) |
|
|
|
|
||||
8 |
OperationsAndMaintenanceExpensesOil TOTAL Operations and Maintenance Expenses |
|
|
|
|
||||
GeneralExpenseAbstract GENERAL |
|||||||||
9 |
SalariesAndWagesGeneralExpense Salaries and Wages (500) |
|
|
|
|
||||
10 |
MaterialsAndSuppliesGeneralExpense Materials and Supplies (510) |
|
|
|
|
||||
11 |
OutsideServicesGeneralExpense Outside Services (520) |
|
|
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|
||||
12 |
RentalsGeneralExpense Rentals (530) |
|
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|
||||
13 |
DepreciationAndAmortizationGeneralExpense Depreciation and Amortization (540) |
|
|
|
|
||||
14 |
DepreciationExpenseForAssetRetirementCosts Depreciation Expense for Asset Retirement Costs (541) |
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|
|||||
15 |
EmployeeBenefitsGeneralExpense Employee Benefits (550) |
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|
||||
16 |
InsuranceGeneralExpense Insurance (560) |
|
|
|
|
||||
17 |
CasualtyAndOtherLossesGeneralExpense Casualty and Other Losses (570) |
|
|
|
|
||||
18 |
PipelineTaxesGeneralExpense Pipeline Taxes (580) |
|
|
|
|
||||
19 |
OtherExpensesGeneralExpense Other Expenses (590) |
|
|
|
|
||||
20 |
AccretionExpense Accretion Expense (591) |
|
|
|
|||||
21 |
GainsOrLossesOnAssetRetirementObligationsGeneralExpense Gains or Losses on Asset Retirement Obligations (592) |
||||||||
22 |
GeneralExpensesOil TOTAL General Expenses |
|
|
|
|
||||
23 |
OperatingExpenses GRAND TOTALS |
|
|
|
|
Name of Respondent |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Date of Report |
Year/Period of Report End of: |
Statistics of Operations |
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|
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Number of Barrels Received (Year to Date) | Number of Barrels Delivered Out (Year to Date) | |||||||||||||||||||||||||
ORIGINATED On | TERMINATED On | |||||||||||||||||||||||||
Line No. |
StateOfOrigin State of Origin (a) |
RefinedProductType Type of Refined Products Transported (b) |
NumberOfBarrelsReceivedFromConnectingCarriers From Connecting
Carriers (c) |
NumberOfBarrelsReceivedOnGatheringLines Gathering Lines (d) |
NumberOfBarrelsReceivedOnTrunkLines Trunk Lines (e) |
NumberOfBarrelsReceived Total Received
(c + d + e) (f) |
NumberOfBarrelsDeliveredOutToConnectingCarriers To Connecting Carriers (g) |
NumberOfBarrelsDeliveredOutOnGatheringLines Gathering Lines (h) |
NumberOfBarrelsDeliveredOutOnTrunkLines Trunk Lines (i) |
NumberOfBarrelsDeliveredOut Total Delivered Out
(g + h + i) (j) |
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CRUDE OIL | ||||||||||||||||||||||||||
1 | ||||||||||||||||||||||||||
2 | ||||||||||||||||||||||||||
3 | ||||||||||||||||||||||||||
4 | ||||||||||||||||||||||||||
5 | ||||||||||||||||||||||||||
6 | ||||||||||||||||||||||||||
7 | ||||||||||||||||||||||||||
8 | ||||||||||||||||||||||||||
9 | ||||||||||||||||||||||||||
10 | ||||||||||||||||||||||||||
11 | ||||||||||||||||||||||||||
12 | ||||||||||||||||||||||||||
13 | ||||||||||||||||||||||||||
14 | ||||||||||||||||||||||||||
15 | ||||||||||||||||||||||||||
16 | ||||||||||||||||||||||||||
15 | TOTAL |
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|
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PRODUCTS | ||||||||||||||||||||||||||
16 | ||||||||||||||||||||||||||
17 | ||||||||||||||||||||||||||
18 | ||||||||||||||||||||||||||
19 | ||||||||||||||||||||||||||
20 | ||||||||||||||||||||||||||
21 | ||||||||||||||||||||||||||
22 | ||||||||||||||||||||||||||
23 | ||||||||||||||||||||||||||
24 | ||||||||||||||||||||||||||
25 | ||||||||||||||||||||||||||
26 | ||||||||||||||||||||||||||
27 | ||||||||||||||||||||||||||
28 | ||||||||||||||||||||||||||
29 | ||||||||||||||||||||||||||
30 | ||||||||||||||||||||||||||
31 | ||||||||||||||||||||||||||
31 | TOTAL | |||||||||||||||||||||||||
32 | GRAND TOTAL |
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|
|
|
33a | Total Number of Barrel-Miles (Trunk Lines Only): | |
(1) Crude Oil | ||
(2) Products | ||
33b | Total Number of Barrels of Oil Having Trunk-Line Movement: | |
(1) Crude Oil | ||
(2) Products |
Name of Respondent |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Date of Report |
Year/Period of Report End of: |
Statistics of Operations - Operated by Others |
||||||||||||||||||||||||||
|
||||||||||||||||||||||||||
Number of Barrels Received (Year to Date) | Number of Barrels Delivered Out (Year to Date) | |||||||||||||||||||||||||
ORIGINATED On | TERMINATED On | |||||||||||||||||||||||||
Line No. |
StateOfOriginOwnedByRespondentButOperatedByOthers State of Origin (a) |
RefinedProductTypeOwnedByRespondentButOperatedByOthers Type of Refined Products Transported (b) |
NumberOfBarrelsReceivedFromConnectingCarriersOwnedByRespondentButOperatedByOthers From Connecting
Carriers (c) |
NumberOfBarrelsReceivedOnGatheringLinesOwnedByRespondentButOperatedByOthers Gathering Lines (d) |
NumberOfBarrelsReceivedOnTrunkLinesOwnedByRespondentButOperatedByOthers Trunk Lines (e) |
NumberOfBarrelsReceivedOwnedByRespondentButOperatedByOthers Total Received
(c + d + e) (f) |
NumberOfBarrelsDeliveredOutToConnectingCarriersOwnedByRespondentButOperatedByOthers To Connecting Carriers (g) |
NumberOfBarrelsDeliveredOutOnGatheringLinesOwnedByRespondentButOperatedByOthers Gathering Lines (h) |
NumberOfBarrelsDeliveredOutOnTrunkLinesOwnedByRespondentButOperatedByOthers Trunk Lines (i) |
NumberOfBarrelsDeliveredOutOwnedByRespondentButOperatedByOthers Total Delivered Out (g + h + i) (j) |
||||||||||||||||
1 |
Name of Operator: 1-1 |
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2 |
CRUDE OIL |
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3 |
|
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|
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4 |
|
|
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|
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5 |
|
|
|
|
||||||||||||||||||||||
6 |
Total |
(a) |
(b) |
(c) |
(d) |
(e) |
(f) |
|||||||||||||||||||
7 |
PRODUCT |
|||||||||||||||||||||||||
8 |
Total |
|||||||||||||||||||||||||
9 |
Grand Total |
|||||||||||||||||||||||||
10 |
33a Total Number of Barrel-Miles (Trunk Lines Only): |
|||||||||||||||||||||||||
11 |
(1) Crude Oil |
|||||||||||||||||||||||||
12 |
(2) Products |
|||||||||||||||||||||||||
13 |
33b Total Number of Barrels of Oil Having Trunk-Line Movement: |
|||||||||||||||||||||||||
14 |
(1) Crude Oil |
|||||||||||||||||||||||||
15 |
(2) Products |
Name of Respondent |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Date of Report |
Year/Period of Report End of: |
FOOTNOTE DATA |
(a) Concept: NumberOfBarrelsReceivedFromConnectingCarriersOwnedByRespondentButOperatedByOthers |
(b) Concept: NumberOfBarrelsReceivedOnGatheringLinesOwnedByRespondentButOperatedByOthers |
(c) Concept: NumberOfBarrelsReceivedOwnedByRespondentButOperatedByOthers |
(d) Concept: NumberOfBarrelsDeliveredOutToConnectingCarriersOwnedByRespondentButOperatedByOthers |
(e) Concept: NumberOfBarrelsDeliveredOutOnTrunkLinesOwnedByRespondentButOperatedByOthers |
(f) Concept: NumberOfBarrelsDeliveredOutOwnedByRespondentButOperatedByOthers |