Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended |
Mar. 31, 2015 | |
Document and Entity Information [Abstract] | |
Entity Registrant Name | Colorado Interstate Gas Company, L.L.C. |
Entity Central Index Key | 200155 |
Document Type | 10-Q |
Document Period End Date | 31-Mar-15 |
Amendment Flag | FALSE |
Document Fiscal Year Focus | 2015 |
Document Fiscal Period Focus | Q1 |
Current Fiscal Year End Date | -19 |
Entity Current Reporting Status | Yes |
Entity Filer Category | Non-accelerated Filer |
Entity Common Stock, Shares Outstanding | 0 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (Unaudited) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Revenues | $105 | $107 |
Operating Costs and Expenses | ||
Operations and maintenance | 16 | 15 |
Depreciation and amortization | 11 | 11 |
General and administrative | 5 | 5 |
Taxes, other than income taxes | 5 | 5 |
Total Operating Costs and Expenses | 37 | 36 |
Operating Income | 68 | 71 |
Other Income (Expense) | ||
Interest expense, net | -16 | -15 |
Other, net | 1 | 0 |
Total Other Income (Expense) | -15 | -15 |
Net Income | $53 | $56 |
Consolidated_Balance_Sheets_Un
Consolidated Balance Sheets (Unaudited) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Millions, unless otherwise specified | ||
Current assets | ||
Cash and cash equivalents | $0 | $0 |
Accounts receivable | 33 | 40 |
Inventories | 7 | 7 |
Regulatory assets | 16 | 12 |
Natural gas imbalance receivable | 5 | 5 |
Total current assets | 61 | 64 |
Property, plant and equipment, net | 1,322 | 1,330 |
Note receivable from affiliate | 14 | 36 |
Deferred charges and other assets | 41 | 42 |
Total Assets | 1,438 | 1,472 |
Current liabilities | ||
Current portion of debt | 345 | 381 |
Accounts payable | 36 | 20 |
Accrued interest | 11 | 4 |
Accrued taxes, other than income | 7 | 17 |
Other current liabilities | 10 | 13 |
Total current liabilities | 409 | 435 |
Long-term liabilities and deferred credits | ||
Long-term debt | 267 | 267 |
Other long-term liabilities and deferred credits | 11 | 12 |
Total Liabilities | 687 | 714 |
Commitments and contingencies (Note 5) | ||
Member's equity | 742 | 749 |
Accumulated other comprehensive income | 9 | 9 |
Total Member’s Equity | 751 | 758 |
Total Liabilities and Member's Equity | $1,438 | $1,472 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Cash Flows From Operating Activities | ||
Net Income | $53 | $56 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 11 | 11 |
Other non-cash items | 0 | -6 |
Changes in components of working capital: | ||
Accounts receivable | 6 | 1 |
Regulatory assets | -4 | 0 |
Accounts payable | 16 | 12 |
Accrued interest | 7 | 7 |
Accrued taxes, other than income | -10 | -10 |
Other current assets and liabilities | -2 | -2 |
Other long-term assets and liabilities | 0 | 8 |
Net Cash Provided by Operating Activities | 77 | 77 |
Cash Flows From Investing Activities | ||
Capital expenditures | -3 | -4 |
Net change in note receivable from affiliate | 22 | -12 |
Other, net | -1 | -2 |
Net Cash Provided by (Used in) Investing Activities | 18 | -18 |
Cash Flows From Financing Activities | ||
Payments of debt | -36 | -1 |
Distributions to Member | -60 | -58 |
Other | 1 | 0 |
Net Cash Used in Financing Activities | -95 | -59 |
Net change in Cash and Cash Equivalents | 0 | 0 |
Cash and Cash Equivalents, beginning of period | 0 | 0 |
Cash and Cash Equivalents, end of period | 0 | 0 |
Non-Cash Investing Activities | ||
Decrease in property, plant and equipment accruals and contractor retainage | $0 | ($3) |
Consolidated_Statements_of_Mem
Consolidated Statements of Member's Equity (Unaudited) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Consolidated Statements of Member's Equity | ||
Beginning Balance | $758 | $790 |
Net income | 53 | 56 |
Distributions | -60 | -58 |
Ending Balance | $751 | $788 |
General
General | 3 Months Ended |
Mar. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
General | General |
Organization | |
We are a Delaware limited liability company, originally formed in 1927 as a corporation. We are an interstate pipeline system serving the Rocky Mountain Region. Unless the context otherwise requires, references to “us,” “we,” “our,” “ours” or “CIG,” are describing Colorado Interstate Gas Company, L.L.C. and its consolidated subsidiaries. We are an indirect subsidiary of Kinder Morgan, Inc. (KMI). | |
Prior to January 1, 2015, we were wholly owned by El Paso Pipeline Partners Operating Company, L.L.C. (EPPOC), a wholly owned subsidiary of El Paso Pipeline Partners, L.P. (EPB), a master limited partnership indirectly controlled by KMI. On January 1, 2015, EPB and its subsidiary, EPPOC, merged with and into Kinder Morgan Energy Partners, L.P. (KMP), with KMP surviving the merger. As a result of such merger, we became a direct, wholly owned subsidiary of KMP. | |
Basis of Presentation | |
We have prepared our accompanying unaudited consolidated financial statements under the rules and regulations of the United States Securities and Exchange Commission (SEC). These rules and regulations conform to the accounting principles contained in the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (the “Codification”), the single source of Generally Accepted Accounting Principles in the United States of America (GAAP) and referred to in this report as the Codification. Under such rules and regulations, we have condensed or omitted certain information and notes normally included in financial statements prepared in conformity with the Codification. We believe, however, that our disclosures are adequate to make the information presented not misleading. | |
Our accompanying consolidated financial statements reflect normal adjustments, and also recurring adjustments that are, in the opinion of our management, necessary for a fair presentation of our financial results for the interim periods. Certain amounts from prior periods have been reclassified to conform to the current presentation. Interim results are not necessarily indicative of results for a full year; accordingly, you should read these consolidated financial statements in conjunction with our consolidated financial statements and related notes included in our 2014 Form 10-K. |
Debt
Debt | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Debt Disclosure [Abstract] | ||||||||
Debt | Debt | |||||||
We classify our debt based on the contractual maturity dates of the underlying debt instruments. We defer costs associated with debt issuance over the applicable term. These costs are then amortized as interest expense in our Consolidated Statements of Income. The following table summarizes the net carrying value of our outstanding debt (in millions): | ||||||||
March 31, | December 31, | |||||||
2015 | 2014 | |||||||
Senior Notes, 5.95%, due March 2015 | $ | — | $ | 35 | ||||
Senior Notes, 6.80%, due November 2015(a) | 340 | 340 | ||||||
Senior Debentures, 6.85%, due June 2037 | 100 | 100 | ||||||
Other financing obligations | 172 | 173 | ||||||
Total debt and other financing obligations | 612 | 648 | ||||||
Less: Current portion of debt | 345 | 381 | ||||||
Total debt and other financing obligations, less current maturities | $ | 267 | $ | 267 | ||||
__________ | ||||||||
(a) | As of March 31, 2015, we included $340 million of our 6.80% senior notes due November 15, 2015 within the caption “Current portion of debt” on our Consolidated Balance Sheets. We intend to satisfy this debt through the issuance of long-term debt, borrowings from our cash management agreement with KMI, equity contribution from our parent or a combination of these options. | |||||||
After the consummation of the November 2014 merger, KMI and substantially all of its wholly owned domestic subsidiaries, including us, entered into a cross guarantee agreement whereby each party to the agreement unconditionally guarantees, jointly and severally, the payment of specified indebtedness of each other party to the agreement. | ||||||||
Debt Repayment | ||||||||
In March 2015, we repaid $35 million of our 5.95% senior notes. | ||||||||
Debt Covenants | ||||||||
As of March 31, 2015, we were in compliance with all of our debt covenants. For a further discussion of our debt, see our 2014 Form 10-K. |
Fair_Value
Fair Value | 3 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ||||||||||||||||
Fair Value | Fair Value | |||||||||||||||
The following table reflects the carrying amount and estimated fair value of our debt, excluding total other financing obligations (in millions): | ||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||
Carrying | Estimated Fair | Carrying | Estimated Fair | |||||||||||||
Amount | Value | Amount | Value | |||||||||||||
Total debt, excluding total other financing obligations (a) | $ | 440 | $ | 467 | $ | 475 | $ | 507 | ||||||||
___________________ | ||||||||||||||||
(a) | Our other financing obligations were $172 million and $173 million as of March 31, 2015 and December 31, 2014, of which $5 million and $6 million, respectively, was reported as “Current portion of debt” on our Consolidated Balance Sheets. For a further discussion of our other financing obligations, see our 2014 Form 10-K. | |||||||||||||||
We separate the fair values of our financial instruments into levels based on our assessment of the availability of observable market data and the significance of non-observable data used to determine the estimated fair value. We estimated the above fair values of debt, excluding total other financing obligations, primarily based on quoted market prices for the same or similar issues, a Level 2 fair value measurement. Our assessment and classification of an instrument within a level can change over time based on the maturity or liquidity of the instrument and this change would be reflected at the end of the period in which the change occurs. During the three months ended March 31, 2015, there were no changes to the inputs and valuation techniques used to measure fair value of these instruments, or the levels in which they were classified. | ||||||||||||||||
As of March 31, 2015 and December 31, 2014, the carrying amounts of accounts receivable and accounts payable represent their fair values based on the short-term nature of these items. The carrying amount of our affiliate note receivable approximates its fair value due to the note being due on demand and the market-based nature of the interest rate. |
Related_Party_Transactions
Related Party Transactions | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Related Party Transactions [Abstract] | ||||||||
Related Party Transactions | Related Party Transactions | |||||||
Cash Management Program | ||||||||
We participate in the cash management program with KMI and its affiliates, which matches short-term cash surpluses and needs of participating affiliates, thus minimizing total borrowings from outside sources. KMI and its affiliates use the cash management program to settle intercompany transactions between participating affiliates. As of March 31, 2015 and December 31, 2014, we had a note receivable from KMI of $14 million and $36 million, respectively. These amounts are included in “Note receivable from affiliate” on our Consolidated Balance Sheets. The interest rate on this note was variable and was 1.6% and 1.5% as of March 31, 2015 and December 31, 2014, respectively. | ||||||||
Affiliate Balances | ||||||||
We enter into transactions with our affiliates within the ordinary course of business including long-term contracts providing for natural gas transportation services to and from affiliates, and various operating agreements. Such transactions are conducted in accordance with all applicable laws and regulations and on an arms’ length basis consistent with our policies governing such transactions. For a further discussion of our affiliate transactions, see our 2014 Form 10-K. | ||||||||
The following table summarizes our balance sheet affiliate balances (in millions): | ||||||||
March 31, | December 31, | |||||||
2015 | 2014 | |||||||
Accounts receivable | $ | 1 | $ | — | ||||
Natural gas imbalance receivable | 3 | 3 | ||||||
Accounts payable | 14 | 15 | ||||||
Financing obligations (a) | 172 | 173 | ||||||
_____________________ | ||||||||
(a) | Represents financing obligations payable to WYCO Development L.L.C. related to Totem Gas Storage Facility and High Plains Pipeline, of which $5 million and $6 million, respectively, is included in “Current portion of debt” on our Consolidated Balance Sheets as of March 31, 2015 and December 31, 2014. | |||||||
The following table shows overall allocated costs from our affiliates (in millions): | ||||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2015 | 2014 | |||||||
Operations, maintenance and capitalized costs | $ | 10 | $ | 9 | ||||
General and administrative | 5 | 5 | ||||||
Litigation_and_Environmental_C
Litigation and Environmental Contingencies | 3 Months Ended |
Mar. 31, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Litigation and Environmental Contingencies | Litigation and Environmental Contingencies |
We are party to various legal, regulatory and other matters arising from the day-to-day operations of our business that may result in claims against us. Although no assurance can be given, we believe, based on our experiences to date and taking into account established reserves, that the ultimate resolution of such items will not have a material adverse impact on our business, financial position, results of operations or cash flows. We believe we have meritorious defenses to the matters to which we are a party and intend to vigorously defend these matters. When we determine a loss is probable of occurring and is reasonably estimable, we accrue an undiscounted liability for such contingencies based on our best estimate using information available at that time. If the estimated loss is a range of potential outcomes and there is no better estimate within the range, we accrue the amount at the low end of the range. We disclose contingencies where an adverse outcome may be material, or in the judgment of management, we conclude the matter should otherwise be disclosed. We had no accruals for any outstanding legal proceedings as of March 31, 2015 and December 31, 2014. | |
Environmental Matters | |
We are subject to environmental cleanup and enforcement actions from time to time. Our operations are subject to federal, state and local laws and regulations relating to protection of the environment. Although we believe our operations are in substantial compliance with applicable environmental law and regulations, risks of additional costs and liabilities are inherent in our operations, and there can be no assurance that we will not incur significant costs and liabilities. Moreover, it is possible that other developments, such as increasingly stringent environmental laws, regulations and enforcement policies under the terms of authority of those laws, and claims for damages to property or persons resulting from operations, could result in substantial costs and liabilities to us. | |
General | |
Although it is not possible to predict the ultimate outcomes, we believe that the resolution of the environmental matters, and other matters to which we are a party, will not have a material adverse effect on our business, financial position, results of operations or cash flows. As of March 31, 2015 and December 31, 2014, we had approximately $1 million accrued for our environmental matters. |
Accounting_for_Regulatory_Acti
Accounting for Regulatory Activities | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Regulated Operations [Abstract] | ||||||||
Accounting for Regulatory Activities | Accounting for Regulatory Activities | |||||||
Regulatory Assets and Liabilities | ||||||||
Regulatory assets and liabilities represent probable future revenues or expenses associated with certain charges and credits that will be recovered from or refunded to customers through the ratemaking process. As of March 31, 2015, the regulatory assets are being recovered as cost of service in our rates over a period of approximately 1 year to 28 years. For a detailed discussion of our regulatory assets and liabilities, see our 2014 Form 10-K. | ||||||||
The following table summarizes our regulatory asset and liability balances (in millions): | ||||||||
March 31, | December 31, | |||||||
2015 | 2014 | |||||||
Current regulatory assets | $ | 16 | $ | 12 | ||||
Non-current regulatory assets (a) | 10 | 10 | ||||||
Total Regulatory Assets | $ | 26 | $ | 22 | ||||
Current regulatory liabilities (b) | $ | 3 | $ | 5 | ||||
Non-current regulatory liabilities (c) | 10 | 10 | ||||||
Total Regulatory Liabilities | $ | 13 | $ | 15 | ||||
________________ | ||||||||
(a) | Included in “Deferred charges and other assets” on our Consolidated Balance Sheets. | |||||||
(b) | Included in “Other current liabilities” on our Consolidated Balance Sheets. | |||||||
(c) | Included in “Other long-term liabilities and deferred credits” on our Consolidated Balance Sheets. | |||||||
Rates and Regulatory Matter | ||||||||
In August 2011, the Federal Energy Regulatory Commission approved an uncontested pre-filing settlement of a rate case required under the terms of a previous settlement. The settlement generally provides for (i) our current tariff rates to continue until our next general rate case, which will be effective no later than October 1, 2016, (ii) contract extensions to March 2016, (iii) a revenue sharing mechanism with certain of our customers for certain revenues above annual threshold amounts and (iv) a revenue surcharge mechanism with certain of our customers to charge for certain shortfalls of revenue that are less than an annual threshold amount. |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2015 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Recent Accounting Pronouncements | Recent Accounting Pronouncements |
Accounting Standards Update (ASU) No. 2014-09 | |
On May 28, 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606).” This ASU is designed to create greater comparability for financial statement users across industries and jurisdictions. The provisions of ASU No. 2014-09 include a five-step process by which entities will recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the payment to which an entity expects to be entitled in exchange for those goods or services. The standard also will require enhanced disclosures, provide more comprehensive guidance for transactions such as service revenue and contract modifications, and enhance guidance for multiple-element arrangements. ASU No. 2014-09 will be effective for U.S. public companies for annual reporting periods beginning after December 15, 2016, including interim reporting periods (January 1, 2017 for us). Early adoption is not permitted. We are currently reviewing the effect of ASU No. 2014-09 on our revenue recognition. | |
ASU No. 2015-03 | |
On April 7, 2015, the FASB issued ASU No. 2015-03, “Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Cost.” This ASU is designed to simplify presentation of debt issuance costs. The standard requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The amortization of debt issuance costs also shall be reported as interest expense. ASU No. 2015-03 will be effective for U.S. public companies for annual reporting periods beginning after December 15, 2015, including interim reporting periods (January 1, 2016 for us). Early adoption is permitted. The new guidance shall be applied on a retrospective basis for all periods presented. We are currently reviewing the effect of ASU No. 2015-03. |
Debt_Tables
Debt (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Debt Disclosure [Abstract] | ||||||||
Net carrying value of debt | The following table summarizes the net carrying value of our outstanding debt (in millions): | |||||||
March 31, | December 31, | |||||||
2015 | 2014 | |||||||
Senior Notes, 5.95%, due March 2015 | $ | — | $ | 35 | ||||
Senior Notes, 6.80%, due November 2015(a) | 340 | 340 | ||||||
Senior Debentures, 6.85%, due June 2037 | 100 | 100 | ||||||
Other financing obligations | 172 | 173 | ||||||
Total debt and other financing obligations | 612 | 648 | ||||||
Less: Current portion of debt | 345 | 381 | ||||||
Total debt and other financing obligations, less current maturities | $ | 267 | $ | 267 | ||||
__________ | ||||||||
(a) | As of March 31, 2015, we included $340 million of our 6.80% senior notes due November 15, 2015 within the caption “Current portion of debt” on our Consolidated Balance Sheets. We intend to satisfy this debt through the issuance of long-term debt, borrowings from our cash management agreement with KMI, equity contribution from our parent or a combination of these options. |
Fair_Value_Tables
Fair Value (Tables) | 3 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ||||||||||||||||
Financial Instruments | The following table reflects the carrying amount and estimated fair value of our debt, excluding total other financing obligations (in millions): | |||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||
Carrying | Estimated Fair | Carrying | Estimated Fair | |||||||||||||
Amount | Value | Amount | Value | |||||||||||||
Total debt, excluding total other financing obligations (a) | $ | 440 | $ | 467 | $ | 475 | $ | 507 | ||||||||
___________________ | ||||||||||||||||
(a) | Our other financing obligations were $172 million and $173 million as of March 31, 2015 and December 31, 2014, of which $5 million and $6 million, respectively, was reported as “Current portion of debt” on our Consolidated Balance Sheets. For a further discussion of our other financing obligations, see our 2014 Form 10-K. |
Related_Party_Transactions_Tab
Related Party Transactions (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Related Party Transactions [Abstract] | ||||||||
Summary of balance sheet affiliate balances | The following table summarizes our balance sheet affiliate balances (in millions): | |||||||
March 31, | December 31, | |||||||
2015 | 2014 | |||||||
Accounts receivable | $ | 1 | $ | — | ||||
Natural gas imbalance receivable | 3 | 3 | ||||||
Accounts payable | 14 | 15 | ||||||
Financing obligations (a) | 172 | 173 | ||||||
_____________________ | ||||||||
(a) | Represents financing obligations payable to WYCO Development L.L.C. related to Totem Gas Storage Facility and High Plains Pipeline, of which $5 million and $6 million, respectively, is included in “Current portion of debt” on our Consolidated Balance Sheets as of March 31, 2015 and December 31, 2014. | |||||||
Affiliate allocated costs | The following table shows overall allocated costs from our affiliates (in millions): | |||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2015 | 2014 | |||||||
Operations, maintenance and capitalized costs | $ | 10 | $ | 9 | ||||
General and administrative | 5 | 5 | ||||||
Accounting_for_Regulatory_Acti1
Accounting for Regulatory Activities (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Regulated Operations [Abstract] | ||||||||
Regulatory assets and liabilities | The following table summarizes our regulatory asset and liability balances (in millions): | |||||||
March 31, | December 31, | |||||||
2015 | 2014 | |||||||
Current regulatory assets | $ | 16 | $ | 12 | ||||
Non-current regulatory assets (a) | 10 | 10 | ||||||
Total Regulatory Assets | $ | 26 | $ | 22 | ||||
Current regulatory liabilities (b) | $ | 3 | $ | 5 | ||||
Non-current regulatory liabilities (c) | 10 | 10 | ||||||
Total Regulatory Liabilities | $ | 13 | $ | 15 | ||||
________________ | ||||||||
(a) | Included in “Deferred charges and other assets” on our Consolidated Balance Sheets. | |||||||
(b) | Included in “Other current liabilities” on our Consolidated Balance Sheets. | |||||||
(c) | Included in “Other long-term liabilities and deferred credits” on our Consolidated Balance Sheets. |
Debt_Details
Debt (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | ||
In Millions, unless otherwise specified | ||||
Long-term debt and other financing obligations [Abstract] | ||||
Other financing obligations | $172 | $173 | ||
Total debt and other financing obligations | 612 | 648 | ||
Less: Current portion of debt | 345 | 381 | ||
Total debt and other financing obligations, less current maturities | 267 | 267 | ||
Senior Notes, 5.95%, due March 2015 [Member] | ||||
Long-term debt and other financing obligations [Abstract] | ||||
Total long-term debt | 0 | 35 | ||
Interest rate on notes issued | 5.95% | 5.95% | ||
Senior Notes, 6.80%, due November 2015 [Member] | ||||
Long-term debt and other financing obligations [Abstract] | ||||
Total long-term debt | 340 | [1] | 340 | [1] |
Interest rate on notes issued | 6.80% | 6.80% | ||
Senior Debentures, 6.85%, due June 2037 [Member] | ||||
Long-term debt and other financing obligations [Abstract] | ||||
Total long-term debt | $100 | $100 | ||
Interest rate on notes issued | 6.85% | 6.85% | ||
[1] | As of March 31, 2015, we included $340 million of our 6.80% senior notes due November 15, 2015 within the caption “Current portion of debt†on our Consolidated Balance Sheets. We intend to satisfy this debt through the issuance of long-term debt, borrowings from our cash management agreement with KMI, equity contribution from our parent or a combination of these options. |
Debt_Details_Textual
Debt (Details Textual) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 |
Senior Notes, 6.80%, due November 2015 [Member] | ||
Debt Instrument [Line Items] | ||
Repayment options LT debt current maturities | $340 | |
Interest rate on notes issued | 6.80% | 6.80% |
Senior Notes, 5.95%, due March 2015 [Member] | ||
Debt Instrument [Line Items] | ||
Repayments of debt | $35 | |
Interest rate on notes issued | 5.95% | 5.95% |
Fair_Value_Details
Fair Value (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | ||
In Millions, unless otherwise specified | ||||
Financial Instruments [Abstract] | ||||
Total debt, excluding total other financing obligations, Carrying Amount | $440 | [1] | $475 | [1] |
Total debt, excluding total other financing obligations, Estimated Fair Value | $467 | [1] | $507 | [1] |
[1] | Our other financing obligations were $172 million and $173 million as of March 31, 2015 and December 31, 2014, of which $5 million and $6 million, respectively, was reported as “Current portion of debt†on our Consolidated Balance Sheets. For a further discussion of our other financing obligations, see our 2014 Form 10-K. |
Fair_Value_Details_Textual
Fair Value (Details Textual) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Millions, unless otherwise specified | ||
Fair Value Disclosures [Abstract] | ||
Other financing obligations | $172 | $173 |
Other financing obligations, Current | $5 | $6 |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | ||
In Millions, unless otherwise specified | ||||
Summary of balance sheet affiliate balances [Abstract] | ||||
Accounts receivable | $1 | $0 | ||
Natural gas imbalance receivable | 3 | 3 | ||
Accounts payable | 14 | 15 | ||
Financing obligations | $172 | [1] | $173 | [1] |
[1] | Represents financing obligations payable to WYCO Development L.L.C. related to Totem Gas Storage Facility and High Plains Pipeline, of which $5 million and $6 million, respectively, is included in “Current portion of debt†on our Consolidated Balance Sheets as of March 31, 2015 and December 31, 2014. |
Related_Party_Transactions_Det1
Related Party Transactions (Details 1) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Affiliate allocated costs [Abstract] | ||
Operations, maintenance and capitalized costs | $10 | $9 |
General and administrative | $5 | $5 |
Related_Party_Transactions_Det2
Related Party Transactions (Details Textual) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Millions, unless otherwise specified | ||
Related Party Transactions (Textual) [Abstract] | ||
Note receivable from KMI | $14 | $36 |
Note receivable interest rate on KMI's cash management program | 1.60% | 1.50% |
Financing obligation payable to WYCO current | $5 | $6 |
Litigation_and_Environmental_C1
Litigation and Environmental Contingencies (Details Textual) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Millions, unless otherwise specified | ||
Litigation and Environmental Contingencies (Textual) [Abstract] | ||
Accrued outstanding legal proceedings | $0 | $0 |
Accrued environmental liabilities | $1 | $1 |
Accounting_for_Regulatory_Acti2
Accounting for Regulatory Activities (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | ||
In Millions, unless otherwise specified | ||||
Summary of regulatory assets and liabilities [Abstract] | ||||
Current regulatory assets | $16 | $12 | ||
Non-current regulatory assets | 10 | [1] | 10 | [1] |
Total Regulatory Assets | 26 | 22 | ||
Current regulatory liabilities | 3 | [2] | 5 | [2] |
Non-current regulatory liabilities | 10 | [3] | 10 | [3] |
Total Regulatory Liabilities | $13 | $15 | ||
[1] | Included in “Deferred charges and other assets†on our Consolidated Balance Sheets. | |||
[2] | Included in “Other current liabilities†on our Consolidated Balance Sheets. | |||
[3] | Included in “Other long-term liabilities and deferred credits†on our Consolidated Balance Sheets. |
Accounting_for_Regulatory_Acti3
Accounting for Regulatory Activities (Details Textual) | 3 Months Ended |
Mar. 31, 2015 | |
Minimum [Member] | |
Regulatory Assets and Liabilities Disclosure [Abstract] | |
Regulatory assets recovery period | 1 year |
Maximum [Member] | |
Regulatory Assets and Liabilities Disclosure [Abstract] | |
Regulatory assets recovery period | 28 years |