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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Columbia Pipeline Grp., Inc. | NYSE:CPGX | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 25.49 | 0.00 | 01:00:00 |
Delaware
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47-1982552
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer
Identification No.)
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5151 San Felipe St., Suite 2500
Houston, Texas
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77056
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(Address of principal executive offices)
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(Zip Code)
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Page
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PART I
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FINANCIAL INFORMATION
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Item 1.
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Financial Statements - unaudited
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Item 2.
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Item 3.
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Item 4.
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PART II
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OTHER INFORMATION
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Item 1.
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Item 1A.
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Item 2.
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Item 3.
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Item 4.
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Item 5.
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Item 6.
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DEFINED TERMS
The following is a list of frequently used abbreviations or acronyms that are found in this report:
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Affiliates and Subsidiaries of Columbia Pipeline Group, Inc.
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CEG
|
Columbia Energy Group
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CEVCO
|
Columbia Energy Ventures, LLC
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CNS Microwave
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CNS Microwave, LLC
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Columbia Gas Transmission
|
Columbia Gas Transmission, LLC
|
Columbia Gulf
|
Columbia Gulf Transmission, LLC
|
Columbia Midstream
|
Columbia Midstream Group, LLC
|
Columbia OpCo
|
CPG OpCo LP
|
Columbia Remainder Corporation
|
Columbia Remainder Corporation
|
CPGSC
|
Columbia Pipeline Group Services Company
|
CPP GP LLC
|
CPP GP LLC
|
CPPL
|
Columbia Pipeline Partners LP
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Crossroads
|
Crossroads Pipeline Company
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Hardy Storage
|
Hardy Storage Company, LLC
|
Millennium Pipeline
|
Millennium Pipeline Company, L.L.C.
|
MLP GP
|
CPP GP LLC
|
OpCo GP
|
CPG OpCo GP LLC
|
Pennant
|
Pennant Midstream, LLC
|
TCPL
|
TransCanada PipeLines Limited
|
TransCanada
|
TransCanada Corporation
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US Parent
|
TransCanada PipeLine USA Ltd.
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Abbreviations
|
|
AFUDC
|
Allowance for funds used during construction, is the method prescribed by the FERC for inclusion in our tariff rates as reimbursement for the cost of financing construction projects with investor capital and borrowed funds until a project is placed into operation
|
AOCI
|
Accumulated Other Comprehensive Income (Loss)
|
ASC
|
Accounting Standards Codification
|
ASU
|
Accounting Standards Update
|
Btu
|
British Thermal Unit
|
CAA
|
Clean Air Act
|
CCRM
|
Capital Cost Recovery Mechanism, which is an approved demand charge under the Columbia Gas Transmission modernization settlement
|
condensate
|
A natural gas liquid with a low vapor pressure, mainly composed of propane, butane, pentane and heavier hydrocarbon functions
|
Dth/d
|
Dekatherms per day
|
EPA
|
United States Environmental Protection Agency
|
EPS
|
Earnings per share
|
FASB
|
Financial Accounting Standards Board
|
FERC
|
Federal Energy Regulatory Commission
|
GAAP
|
Generally Accepted Accounting Principles
|
IPO
|
Initial public offering of Columbia Pipeline Partners LP, which was completed on February 11, 2015
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IT
|
Information Technology
|
DEFINED TERMS (continued)
|
|
LDC
|
Local distribution companies are involved in the delivery of natural gas to consumers within a specific geographic area
|
LIBOR
|
London Interbank Offered Rate
|
LNG
|
Natural gas that has been cooled to minus 161 degrees Celsius for transportation, typically by ship. The cooling process reduces the volume of natural gas by 600 times
|
MMBtu
|
One million British Thermal Units
|
MMDth
|
One million Dekatherms
|
MMDth/d
|
One million Dekatherms per day
|
NAAQS
|
National Ambient Air Quality Standards
|
NGA
|
Natural Gas Act of 1938
|
NGL
|
Hydrocarbons in natural gas that are separated from the natural gas as liquids through the process of absorption, condensation, adsorption or other methods in natural gas processing or cycling plants. Generally such liquids consist of propane and heavier hydrocarbons and are commonly referred to as lease condensate, natural gasoline and liquefied petroleum gases. Natural gas liquids include natural gas plant liquids (primarily ethane, propane, butane and isobutane) and lease condensate (primarily pentanes produced from natural gas at lease separators and field facilities)
|
NiSource
|
NiSource Inc.
|
NiSource Corporate Services
|
NiSource Corporate Services Company
|
NiSource Finance
|
NiSource Finance Corp.
|
OCI
|
Other Comprehensive Income (Loss)
|
OPEB
|
Other postretirement benefits
|
ppb
|
Parts per billion
|
SEC
|
Securities and Exchange Commission
|
throughput
|
The volume of natural gas transported or passing through a pipeline, plant, terminal or other facility during a particular period
|
Columbia Pipeline Group, Inc.
Condensed Consolidated Balance Sheets (unaudited)
|
|||||||
(in millions)
|
September 30,
2016 |
|
December 31,
2015 |
||||
ASSETS
|
|
|
|
||||
Current Assets
|
|
|
|
||||
Cash and cash equivalents
|
$
|
132.6
|
|
|
$
|
930.9
|
|
Accounts receivable (less reserve of $0.3 and $0.6, respectively)
|
159.5
|
|
|
152.4
|
|
||
Accounts receivable-affiliated
|
40.7
|
|
|
—
|
|
||
Materials and supplies, at average cost
|
26.4
|
|
|
32.8
|
|
||
Exchange gas receivable
|
14.3
|
|
|
19.0
|
|
||
Deferred property taxes
|
17.7
|
|
|
52.0
|
|
||
Prepayments and other
|
43.5
|
|
|
48.5
|
|
||
Total Current Assets
|
434.7
|
|
|
1,235.6
|
|
||
Investments
|
|
|
|
||||
Unconsolidated affiliates
|
441.4
|
|
|
438.1
|
|
||
Other investments
|
1.8
|
|
|
13.8
|
|
||
Total Investments
|
443.2
|
|
|
451.9
|
|
||
Property, Plant and Equipment
|
|
|
|
||||
Property, plant and equipment
|
10,200.5
|
|
|
9,052.3
|
|
||
Accumulated depreciation and amortization
|
(3,092.8
|
)
|
|
(2,988.6
|
)
|
||
Net Property, Plant and Equipment
|
7,107.7
|
|
|
6,063.7
|
|
||
Other Noncurrent Assets
|
|
|
|
||||
Regulatory assets
|
197.7
|
|
|
177.7
|
|
||
Goodwill
|
1,975.5
|
|
|
1,975.5
|
|
||
Postretirement and postemployment benefits assets
|
111.8
|
|
|
115.7
|
|
||
Deferred charges and other
|
11.2
|
|
|
15.5
|
|
||
Total Other Noncurrent Assets
|
2,296.2
|
|
|
2,284.4
|
|
||
Total Assets
|
$
|
10,281.8
|
|
|
$
|
10,035.6
|
|
Columbia Pipeline Group, Inc.
Condensed Consolidated Balance Sheets (unaudited) (continued)
|
|||||||
(in millions, except share amounts)
|
September 30,
2016 |
|
December 31,
2015 |
||||
LIABILITIES AND EQUITY
|
|
|
|
||||
Current Liabilities
|
|
|
|
||||
Short-term borrowings
|
$
|
—
|
|
|
$
|
15.0
|
|
Short-term borrowings-affiliated
|
250.0
|
|
|
—
|
|
||
Accounts payable
|
84.1
|
|
|
56.8
|
|
||
Accounts payable-affiliated
|
9.6
|
|
|
—
|
|
||
Customer deposits
|
16.7
|
|
|
17.9
|
|
||
Taxes accrued
|
67.1
|
|
|
106.0
|
|
||
Interest accrued
|
37.1
|
|
|
9.5
|
|
||
Exchange gas payable
|
14.2
|
|
|
18.6
|
|
||
Deferred revenue
|
5.6
|
|
|
15.0
|
|
||
Accrued capital expenditures
|
171.6
|
|
|
100.1
|
|
||
Accrued compensation and related costs
|
45.1
|
|
|
51.9
|
|
||
Other accruals
|
101.4
|
|
|
70.0
|
|
||
Total Current Liabilities
|
802.5
|
|
|
460.8
|
|
||
Noncurrent Liabilities
|
|
|
|
||||
Long-term debt
|
2,727.7
|
|
|
2,725.6
|
|
||
Deferred income taxes
|
1,446.6
|
|
|
1,348.1
|
|
||
Accrued liability for postretirement and postemployment benefits
|
43.5
|
|
|
49.4
|
|
||
Regulatory liabilities
|
284.2
|
|
|
321.6
|
|
||
Asset retirement obligations
|
23.0
|
|
|
25.7
|
|
||
Other noncurrent liabilities
|
70.1
|
|
|
91.4
|
|
||
Total Noncurrent Liabilities
|
4,595.1
|
|
|
4,561.8
|
|
||
Total Liabilities
|
5,397.6
|
|
|
5,022.6
|
|
||
Commitments and Contingencies (Refer to Note 16)
|
|
|
|
||||
Equity
|
|
|
|
||||
Common stock, $0.01 par value, 10,000,100 and 2,000,000,000 shares authorized, respectively; 10,000,000 and 399,841,350 shares outstanding, respectively
|
0.1
|
|
|
4.0
|
|
||
Additional paid-in capital
|
4,013.8
|
|
|
4,032.7
|
|
||
(Accumulated deficit) Retained earnings
|
(56.7
|
)
|
|
46.9
|
|
||
Accumulated other comprehensive loss
|
(26.3
|
)
|
|
(27.0
|
)
|
||
Total CPG Equity
|
3,930.9
|
|
|
4,056.6
|
|
||
Noncontrolling Interest
|
953.3
|
|
|
956.4
|
|
||
Total Equity
|
4,884.2
|
|
|
5,013.0
|
|
||
Total Liabilities and Equity
|
$
|
10,281.8
|
|
|
$
|
10,035.6
|
|
|
Three Months Ended
September 30, |
|
Nine Months Ended
September 30, |
||||||||||||
(in millions, except per share amounts)
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
Operating Revenues
|
|
|
|
|
|
|
|||||||||
Transportation revenues
|
$
|
270.3
|
|
|
$
|
266.2
|
|
|
$
|
838.2
|
|
|
$
|
752.4
|
|
Transportation revenues-affiliated
|
—
|
|
|
—
|
|
|
—
|
|
|
47.5
|
|
||||
Storage revenues
|
48.9
|
|
|
49.5
|
|
|
147.7
|
|
|
122.3
|
|
||||
Storage revenues-affiliated
|
—
|
|
|
—
|
|
|
—
|
|
|
26.2
|
|
||||
Other revenues
|
7.9
|
|
|
5.2
|
|
|
19.6
|
|
|
28.6
|
|
||||
Total Operating Revenues
|
327.1
|
|
|
320.9
|
|
|
1,005.5
|
|
|
977.0
|
|
||||
Operating Expenses
|
|
|
|
|
|
|
|
||||||||
Operation and maintenance
|
322.9
|
|
|
186.5
|
|
|
671.9
|
|
|
456.0
|
|
||||
Operation and maintenance-affiliated
|
—
|
|
|
—
|
|
|
—
|
|
|
52.9
|
|
||||
Depreciation and amortization
|
43.6
|
|
|
35.0
|
|
|
125.2
|
|
|
101.4
|
|
||||
Gain on sale of assets
|
(9.3
|
)
|
|
(39.0
|
)
|
|
(15.3
|
)
|
|
(52.6
|
)
|
||||
Impairment of long-lived assets
|
19.1
|
|
|
0.6
|
|
|
19.1
|
|
|
2.4
|
|
||||
Property and other taxes
|
19.8
|
|
|
17.3
|
|
|
62.6
|
|
|
55.5
|
|
||||
Total Operating Expenses
|
396.1
|
|
|
200.4
|
|
|
863.5
|
|
|
615.6
|
|
||||
Equity Earnings in Unconsolidated Affiliates
|
16.0
|
|
|
15.4
|
|
|
48.2
|
|
|
44.5
|
|
||||
Operating (Loss) Income
|
(53.0
|
)
|
|
135.9
|
|
|
190.2
|
|
|
405.9
|
|
||||
Other Income (Deductions)
|
|
|
|
|
|
|
|
||||||||
Interest expense
|
(31.4
|
)
|
|
(29.4
|
)
|
|
(91.4
|
)
|
|
(42.3
|
)
|
||||
Interest expense-affiliated
|
(0.5
|
)
|
|
—
|
|
|
(0.5
|
)
|
|
(29.3
|
)
|
||||
Other, net
|
13.7
|
|
|
6.7
|
|
|
30.5
|
|
|
16.6
|
|
||||
Total Other Deductions, net
|
(18.2
|
)
|
|
(22.7
|
)
|
|
(61.4
|
)
|
|
(55.0
|
)
|
||||
(Loss) Income from Continuing Operations before Income Taxes
|
(71.2
|
)
|
|
113.2
|
|
|
128.8
|
|
|
350.9
|
|
||||
Income Taxes
|
(21.6
|
)
|
|
38.3
|
|
|
43.2
|
|
|
118.8
|
|
||||
(Loss) Income from Continuing Operations
|
(49.6
|
)
|
|
74.9
|
|
|
85.6
|
|
|
232.1
|
|
||||
(Loss) Income from Discontinued Operations-net of taxes
|
—
|
|
|
(0.1
|
)
|
|
0.2
|
|
|
(0.4
|
)
|
||||
Net (Loss) Income
|
(49.6
|
)
|
|
74.8
|
|
|
85.8
|
|
|
231.7
|
|
||||
Less: Net income attributable to noncontrolling interest
|
2.9
|
|
|
11.8
|
|
|
27.2
|
|
|
27.9
|
|
||||
Net (loss) income attributable to CPG
|
$
|
(52.5
|
)
|
|
$
|
63.0
|
|
|
$
|
58.6
|
|
|
$
|
203.8
|
|
Amounts attributable to CPG:
|
|
|
|
|
|
|
|
||||||||
(Loss) income from continuing operations
|
$
|
(52.5
|
)
|
|
$
|
63.1
|
|
|
$
|
58.4
|
|
|
$
|
204.2
|
|
(Loss) income from discontinued operations-net of taxes
|
—
|
|
|
(0.1
|
)
|
|
0.2
|
|
|
(0.4
|
)
|
||||
Net (loss) income attributable to CPG
|
$
|
(52.5
|
)
|
|
$
|
63.0
|
|
|
$
|
58.6
|
|
|
$
|
203.8
|
|
|
Three Months Ended
September 30, |
|
Nine Months Ended
September 30, |
||||||||||||
(in millions, net of taxes)
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
Net (Loss) Income
|
$
|
(49.6
|
)
|
|
$
|
74.8
|
|
|
$
|
85.8
|
|
|
$
|
231.7
|
|
Other comprehensive income
|
|
|
|
|
|
|
|
||||||||
Net unrealized gain (loss) on cash flow hedges
(1)
|
0.3
|
|
|
(0.7
|
)
|
|
1.0
|
|
|
(0.2
|
)
|
||||
Unrecognized pension and OPEB benefit (cost)
(2)(3)
|
(0.4
|
)
|
|
(0.1
|
)
|
|
(0.2
|
)
|
|
7.2
|
|
||||
Total other comprehensive (loss) income
|
(0.1
|
)
|
|
(0.8
|
)
|
|
0.8
|
|
|
7.0
|
|
||||
Total Comprehensive (Loss) Income
|
(49.7
|
)
|
|
74.0
|
|
|
86.6
|
|
|
238.7
|
|
||||
Less: Comprehensive Income-noncontrolling interest
|
2.9
|
|
|
11.8
|
|
|
27.3
|
|
|
27.9
|
|
||||
Comprehensive (Loss) Income-controlling interests
|
$
|
(52.6
|
)
|
|
$
|
62.2
|
|
|
$
|
59.3
|
|
|
$
|
210.8
|
|
Columbia Pipeline Group, Inc.
Condensed Statements of Consolidated Cash Flows (unaudited)
|
|||||||
Nine Months Ended September 30,
(in millions)
|
2016
|
|
2015
|
||||
Operating Activities
|
|
|
|
||||
Net Income
|
$
|
85.8
|
|
|
$
|
231.7
|
|
Adjustments to Reconcile Net Income to Net Cash from Continuing Operations:
|
|
|
|
||||
Depreciation and amortization
|
125.2
|
|
|
101.4
|
|
||
Deferred income taxes and investment tax credits
|
81.5
|
|
|
77.7
|
|
||
Deferred revenue
|
(2.7
|
)
|
|
0.4
|
|
||
Equity-based compensation expense and profit sharing contribution
|
1.6
|
|
|
4.4
|
|
||
Gain on sale of assets
|
(15.3
|
)
|
|
(52.6
|
)
|
||
Impairment of long-lived assets
|
19.1
|
|
|
2.4
|
|
||
Equity earnings in unconsolidated affiliates
|
(48.2
|
)
|
|
(44.5
|
)
|
||
(Income) loss from discontinued operations-net of taxes
|
(0.2
|
)
|
|
0.4
|
|
||
Amortization of debt related costs
|
9.3
|
|
|
1.8
|
|
||
AFUDC equity
|
(29.7
|
)
|
|
(15.0
|
)
|
||
Distributions of earnings received from equity investees
|
51.0
|
|
|
44.1
|
|
||
Changes in Assets and Liabilities:
|
|
|
|
||||
Accounts receivable
|
0.9
|
|
|
1.6
|
|
||
Accounts receivable-affiliated
|
(40.7
|
)
|
|
34.7
|
|
||
Accounts payable
|
20.5
|
|
|
20.6
|
|
||
Accounts payable-affiliated
|
9.5
|
|
|
(53.6
|
)
|
||
Customer deposits
|
(1.2
|
)
|
|
(23.8
|
)
|
||
Taxes accrued
|
(42.4
|
)
|
|
(27.6
|
)
|
||
Interest accrued
|
27.8
|
|
|
40.3
|
|
||
Exchange gas receivable/payable
|
0.3
|
|
|
0.1
|
|
||
Other accruals
|
(17.3
|
)
|
|
37.1
|
|
||
Prepayments and other current assets
|
45.6
|
|
|
9.5
|
|
||
Regulatory assets/liabilities
|
(10.5
|
)
|
|
38.2
|
|
||
Postretirement and postemployment benefits
|
(6.8
|
)
|
|
(26.0
|
)
|
||
Deferred charges and other noncurrent assets
|
1.3
|
|
|
3.8
|
|
||
Other noncurrent liabilities
|
(11.7
|
)
|
|
7.2
|
|
||
Net Operating Activities from Continuing Operations
|
252.7
|
|
|
414.3
|
|
||
Net Operating Activities from (used for) Discontinued Operations
|
0.3
|
|
|
(0.1
|
)
|
||
Net Cash Flows from Operating Activities
|
253.0
|
|
|
414.2
|
|
||
Investing Activities
|
|
|
|
||||
Capital expenditures
|
(1,095.8
|
)
|
|
(833.0
|
)
|
||
Insurance recoveries
|
—
|
|
|
2.1
|
|
||
Change in short-term lendings-affiliated
|
—
|
|
|
145.5
|
|
||
Proceeds from disposition of assets
|
9.9
|
|
|
53.3
|
|
||
Contributions to equity investees
|
(6.2
|
)
|
|
(1.4
|
)
|
||
Distributions from equity investees
|
1.6
|
|
|
15.1
|
|
||
Other investing activities
|
3.8
|
|
|
(24.2
|
)
|
||
Net Cash Flows used for Investing Activities
|
(1,086.7
|
)
|
|
(642.6
|
)
|
||
Financing Activities
|
|
|
|
||||
Change in short-term borrowings
|
(15.0
|
)
|
|
245.0
|
|
||
Change in short-term borrowings-affiliated
|
250.0
|
|
|
(252.5
|
)
|
||
Issuance of long-term debt
|
—
|
|
|
2,745.9
|
|
||
Payments of capital lease obligations and other debt related costs
|
(2.5
|
)
|
|
(23.6
|
)
|
||
Issuance of long-term debt-affiliated
|
—
|
|
|
1,217.3
|
|
||
Payments of long-term debt-affiliated, including current portion
|
—
|
|
|
(2,806.0
|
)
|
||
Proceeds from the issuance of common units, net of offering costs
|
—
|
|
|
1,168.4
|
|
||
Common stock issuances associated with the Merger
|
0.1
|
|
|
—
|
|
||
Distribution of IPO proceeds to NiSource
|
—
|
|
|
(500.0
|
)
|
||
Distribution to NiSource
|
—
|
|
|
(1,450.0
|
)
|
||
Distribution to noncontrolling interest
|
(30.4
|
)
|
|
(13.9
|
)
|
||
Acquisition of treasury stock
|
(6.2
|
)
|
|
—
|
|
||
Dividends paid - common stock
|
(105.1
|
)
|
|
(39.7
|
)
|
||
Dividends paid to TransCanada
|
(55.5
|
)
|
|
—
|
|
||
Transfer from NiSource
|
—
|
|
|
0.8
|
|
||
Net Cash Flows from Financing Activities
|
35.4
|
|
|
291.7
|
|
||
Change in cash and cash equivalents
|
(798.3
|
)
|
|
63.3
|
|
||
Cash and cash equivalents at beginning of period
|
930.9
|
|
|
0.5
|
|
||
Cash and Cash Equivalents at End of Period
|
$
|
132.6
|
|
|
$
|
63.8
|
|
(in millions)
|
Common Stock
|
|
Treasury Stock
|
|
Additional Paid-in Capital
|
|
(Accumulated Deficit) Retained Earnings
|
|
Accumulated Other Comprehensive Loss
|
|
Noncontrolling Interest
|
|
Total
|
||||||||||||||
Balance as of January 1, 2016
|
$
|
4.0
|
|
|
$
|
—
|
|
|
$
|
4,032.7
|
|
|
$
|
46.9
|
|
|
$
|
(27.0
|
)
|
|
$
|
956.4
|
|
|
$
|
5,013.0
|
|
Net Income
|
—
|
|
|
—
|
|
|
—
|
|
|
58.6
|
|
|
—
|
|
|
27.2
|
|
|
85.8
|
|
|||||||
Other comprehensive income, net of tax
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
0.7
|
|
|
0.1
|
|
|
0.8
|
|
|||||||
Common stock dividends
|
—
|
|
|
—
|
|
|
—
|
|
|
(105.1
|
)
|
|
—
|
|
|
—
|
|
|
(105.1
|
)
|
|||||||
Dividend to TransCanada
|
—
|
|
|
—
|
|
|
—
|
|
|
(55.5
|
)
|
|
—
|
|
|
—
|
|
|
(55.5
|
)
|
|||||||
Common stock purchased by TransCanada and retired
|
(4.0
|
)
|
|
—
|
|
|
(10,212.7
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(10,216.7
|
)
|
|||||||
Common stock issuances associated with the Merger
|
0.1
|
|
|
—
|
|
|
10,216.7
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
10,216.8
|
|
|||||||
Treasury stock acquired
|
—
|
|
|
(6.2
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(6.2
|
)
|
|||||||
Treasury stock retirement
|
—
|
|
|
6.2
|
|
|
(4.6
|
)
|
|
(1.6
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|||||||
Distributions to noncontrolling interest
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(30.4
|
)
|
|
(30.4
|
)
|
|||||||
Long-term incentive plan
|
—
|
|
|
—
|
|
|
(18.3
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(18.3
|
)
|
|||||||
Balance as of September 30, 2016
|
$
|
0.1
|
|
|
$
|
—
|
|
|
$
|
4,013.8
|
|
|
$
|
(56.7
|
)
|
|
$
|
(26.3
|
)
|
|
$
|
953.3
|
|
|
$
|
4,884.2
|
|
(in millions)
|
Common Stock
|
|
Additional Paid-in Capital
|
|
Accumulated deficit
|
|
Net Parent Investment
|
|
Accumulated Other Comprehensive Loss
|
|
Noncontrolling Interest
|
|
Total
|
||||||||||||||
Balance as of January 1, 2015
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
4,210.8
|
|
|
$
|
(34.5
|
)
|
|
$
|
—
|
|
|
$
|
4,176.3
|
|
Net Income
|
—
|
|
|
—
|
|
|
63.0
|
|
|
140.8
|
|
|
—
|
|
|
27.9
|
|
|
231.7
|
|
|||||||
Other comprehensive income, net of tax
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
7.0
|
|
|
—
|
|
|
7.0
|
|
|||||||
Allocation of AOCI to noncontrolling interest
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2.2
|
|
|
(2.2
|
)
|
|
—
|
|
|||||||
Issuance of common units of CPPL
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,168.4
|
|
|
1,168.4
|
|
|||||||
Distribution of IPO proceeds to NiSource
|
—
|
|
|
—
|
|
|
—
|
|
|
(500.0
|
)
|
|
—
|
|
|
—
|
|
|
(500.0
|
)
|
|||||||
Distribution to NiSource
|
—
|
|
|
—
|
|
|
—
|
|
|
(1,450.0
|
)
|
|
—
|
|
|
—
|
|
|
(1,450.0
|
)
|
|||||||
Sale of interest in Columbia OpCo to CPPL
(1)
|
—
|
|
|
—
|
|
|
—
|
|
|
227.1
|
|
|
—
|
|
|
(227.1
|
)
|
|
—
|
|
|||||||
Distribution to noncontrolling interest
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(13.9
|
)
|
|
(13.9
|
)
|
|||||||
Net transfers from NiSource
|
—
|
|
|
—
|
|
|
—
|
|
|
6.3
|
|
|
—
|
|
|
—
|
|
|
6.3
|
|
|||||||
Reclassification of net parent investment to additional paid-in capital
|
—
|
|
|
2,635.0
|
|
|
—
|
|
|
(2,635.0
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|||||||
Issuance of common stock at Separation
|
3.2
|
|
|
(3.2
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|||||||
Net transfers from NiSource
|
—
|
|
|
1.2
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
0.2
|
|
|
1.4
|
|
|||||||
Long-term incentive plan
|
—
|
|
|
1.9
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1.9
|
|
|||||||
Common stock dividends
|
—
|
|
|
—
|
|
|
(79.5
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(79.5
|
)
|
|||||||
Balance as of September 30, 2015
|
$
|
3.2
|
|
|
$
|
2,634.9
|
|
|
$
|
(16.5
|
)
|
|
$
|
—
|
|
|
$
|
(25.3
|
)
|
|
$
|
953.3
|
|
|
$
|
3,549.6
|
|
•
|
In May 2015, CPG completed its private placement of senior notes and received proceeds of approximately
$2,722.3 million
. CPG utilized a portion of the proceeds to repay approximately
$1,087.3 million
of intercompany debt and short-term borrowings, including, net amounts due from the money pool between CPG and NiSource Finance Corp. ("NiSource Finance");
|
•
|
CPG further utilized the proceeds from the senior notes to make a cash distribution of approximately
$1,450.0 million
to NiSource; and
|
•
|
Accounts related to NiSource and its subsidiaries, including accounts receivable and accounts payable, were reclassified from affiliated to non-affiliated.
|
•
|
Tax Allocation Agreement - Provides for the respective rights, responsibilities, and obligations of NiSource and CPG with respect to tax liabilities and benefits, tax attributes, the preparation and filing of tax returns, tax contests, and certain other matters regarding taxes.
|
•
|
Employee Matters Agreement - Provides for the respective obligations to employees and former employees who are or were associated with CPG (including those employees who transferred employment from NiSource to CPG prior to the Separation) and for other employment and employee benefits matters.
|
•
|
Transition Services Agreement - Provides for the provision of certain transitional services by NiSource to CPG, and vice versa. The services may include the provision of administrative and other services identified by the parties. The charge for these services is expected to be based on actual costs incurred by the party rendering the services without profit.
|
|
Three Months Ended
September 30, |
|
Nine Months Ended
September 30, |
||||||||||||
(in millions)
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
Net (loss) income attributable to CPG
|
$
|
(52.5
|
)
|
|
$
|
63.0
|
|
|
$
|
58.6
|
|
|
$
|
203.8
|
|
Increase in CPG's net parent investment for the sale of 8.4% of Columbia OpCo
|
—
|
|
|
—
|
|
|
—
|
|
|
227.1
|
|
||||
Change from net income attributable to CPG and transfers to noncontrolling interest
|
$
|
(52.5
|
)
|
|
$
|
63.0
|
|
|
$
|
58.6
|
|
|
$
|
430.9
|
|
(in millions)
|
2016
|
|
2015
|
||||
Balance as of January 1,
|
$
|
25.7
|
|
|
$
|
23.2
|
|
Accretion expense
|
0.8
|
|
|
0.9
|
|
||
Additions
|
—
|
|
|
0.4
|
|
||
Settlements
|
—
|
|
|
—
|
|
||
Change in estimated cash flows
|
(3.5
|
)
|
|
(1.6
|
)
|
||
Balance as of September 30,
|
$
|
23.0
|
|
|
$
|
22.9
|
|
|
Three Months Ended
September 30, |
|
Nine Months Ended
September 30, |
||||||||||||
(in millions)
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
Millennium Pipeline
|
|
|
|
|
|
|
|
||||||||
Contributions to Millennium Pipeline
|
$
|
4.3
|
|
|
$
|
1.4
|
|
|
$
|
6.2
|
|
|
$
|
1.4
|
|
Distributions of earnings from Millennium Pipeline
|
17.5
|
|
|
13.3
|
|
|
41.3
|
|
|
37.5
|
|
||||
Hardy Storage
|
|
|
|
|
|
|
|
||||||||
Contributions to Hardy Storage
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||
Distributions of earnings from Hardy Storage
|
—
|
|
|
—
|
|
|
1.4
|
|
|
1.0
|
|
||||
Pennant
|
|
|
|
|
|
|
|
||||||||
Contributions to Pennant
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||
Distributions of earnings from Pennant
|
2.3
|
|
|
2.9
|
|
|
8.3
|
|
|
5.6
|
|
||||
Return of capital from Pennant
|
0.8
|
|
|
0.2
|
|
|
1.6
|
|
|
2.4
|
|
|
Pension Benefits
|
|
Other Postretirement
Benefits |
||||||||||||
Three Months Ended September 30,
(in millions)
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
Components of Net Periodic Benefit Cost (Income)
|
|
|
|
|
|
|
|
||||||||
Service cost
|
$
|
1.6
|
|
|
$
|
1.6
|
|
|
$
|
0.2
|
|
|
$
|
0.2
|
|
Interest cost
|
3.7
|
|
|
4.0
|
|
|
1.1
|
|
|
1.2
|
|
||||
Expected return on assets
|
(5.9
|
)
|
|
(7.0
|
)
|
|
(3.5
|
)
|
|
(4.6
|
)
|
||||
Amortization of prior service credit
|
(0.3
|
)
|
|
(0.3
|
)
|
|
(0.2
|
)
|
|
(0.2
|
)
|
||||
Recognized actuarial loss (gain)
|
3.0
|
|
|
2.6
|
|
|
0.1
|
|
|
(0.1
|
)
|
||||
Net Periodic Benefit Cost (Income)
|
2.1
|
|
|
0.9
|
|
|
(2.3
|
)
|
|
(3.5
|
)
|
||||
Additional loss recognized due to:
|
|
|
|
|
|
|
|
||||||||
Settlement loss
|
2.6
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||
Total Net Periodic Benefit Cost (Income)
|
$
|
4.7
|
|
|
$
|
0.9
|
|
|
$
|
(2.3
|
)
|
|
$
|
(3.5
|
)
|
|
|
|
|
|
|
|
|
||||||||
|
Pension Benefits
|
|
Other Postretirement
Benefits |
||||||||||||
Nine Months Ended September 30,
(in millions)
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
Components of Net Periodic Benefit Cost (Income)
|
|
|
|
|
|
|
|
||||||||
Service cost
|
$
|
4.8
|
|
|
$
|
4.3
|
|
|
$
|
0.7
|
|
|
$
|
0.8
|
|
Interest cost
|
11.5
|
|
|
11.0
|
|
|
3.4
|
|
|
3.5
|
|
||||
Expected return on assets
|
(19.2
|
)
|
|
(21.0
|
)
|
|
(11.6
|
)
|
|
(13.8
|
)
|
||||
Amortization of prior service credit
|
(0.9
|
)
|
|
(0.9
|
)
|
|
(0.5
|
)
|
|
(0.5
|
)
|
||||
Recognized actuarial loss (gain)
|
9.2
|
|
|
7.3
|
|
|
0.2
|
|
|
(0.1
|
)
|
||||
Net Periodic Benefit Cost (Income)
|
5.4
|
|
|
0.7
|
|
|
(7.8
|
)
|
|
(10.1
|
)
|
||||
Additional loss recognized due to:
|
|
|
|
|
|
|
|
||||||||
Settlement loss
|
2.6
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||
Total Net Periodic Benefit Cost (Income)
|
$
|
8.0
|
|
|
$
|
0.7
|
|
|
$
|
(7.8
|
)
|
|
$
|
(10.1
|
)
|
|
Pension Benefits
|
|
Other Postretirement
Benefits |
||||||||
|
July 1, 2016
|
|
December 31, 2015
|
|
July 1, 2016
|
|
|
December 31, 2015
|
|||
Actuarial Assumptions
|
|
|
|
|
|
|
|
||||
Discount Rate
|
3.75
|
%
|
|
4.05
|
%
|
|
3.95
|
%
|
|
4.29
|
%
|
Expected return on assets
|
6.75
|
%
|
|
8.20
|
%
|
|
6.36
|
%
|
|
8.05
|
%
|
Health Care Trend Rates
|
|
|
|
|
|
|
|
||||
Trend for 2016
|
|
|
|
|
8.81
|
%
|
|
8.39
|
%
|
||
Ultimate Trend
|
|
|
|
|
4.50
|
%
|
|
4.50
|
%
|
||
Year Ultimate Trend Reached
|
|
|
|
|
2023
|
|
|
2022
|
|
(in millions)
|
Carrying
Amount as of
September 30, 2016
(1)
|
|
Estimated Fair
Value as of
September 30, 2016
|
|
Carrying
Amount as of
December 31, 2015
(1)
|
|
Estimated Fair
Value as of
December 31, 2015
|
||||||||
Long-term debt
|
$
|
2,750.0
|
|
|
$
|
2,987.8
|
|
|
$
|
2,750.0
|
|
|
$
|
2,592.1
|
|
15.
|
Share-Based Compensation
|
(in millions)
|
Total
|
2016
|
2017
|
2018
|
2019
|
2020
|
After
|
||||||||||||||
Other guarantees
|
$
|
45.3
|
|
$
|
—
|
|
$
|
2.4
|
|
$
|
—
|
|
$
|
—
|
|
$
|
—
|
|
$
|
42.9
|
|
Three Months Ended September 30, 2016
(in millions)
|
Gains and Losses on Cash Flow Hedges
(1)
|
|
Pension and OPEB Items
(1)
|
|
Accumulated
Other
Comprehensive
Loss
(1)
|
||||||
Balance as of July 1, 2016
|
$
|
(13.7
|
)
|
|
$
|
(12.5
|
)
|
|
$
|
(26.2
|
)
|
Other comprehensive income before reclassifications
|
—
|
|
|
0.4
|
|
|
0.4
|
|
|||
Amounts reclassified from accumulated other comprehensive income
|
0.3
|
|
|
(0.8
|
)
|
|
(0.5
|
)
|
|||
Net current-period other comprehensive income
|
0.3
|
|
|
(0.4
|
)
|
|
(0.1
|
)
|
|||
Balance as of September 30, 2016
|
$
|
(13.4
|
)
|
|
$
|
(12.9
|
)
|
|
$
|
(26.3
|
)
|
(1)
All amounts are net of tax. Amounts in parentheses indicate debits.
|
|
|
|
|
|
||||||
Nine Months Ended September 30, 2016
(in millions)
|
Gains and Losses on Cash Flow Hedges
(1)
|
|
Pension and OPEB Items
(1)
|
|
Accumulated
Other
Comprehensive
Loss
(1)
|
||||||
Balance as of January 1, 2016
|
$
|
(14.3
|
)
|
|
$
|
(12.7
|
)
|
|
$
|
(27.0
|
)
|
Other comprehensive income before reclassifications
|
—
|
|
|
0.6
|
|
|
0.6
|
|
|||
Amounts reclassified from accumulated other comprehensive income
(2)
|
1.0
|
|
|
(0.8
|
)
|
|
0.2
|
|
|||
Net current-period other comprehensive income
|
1.0
|
|
|
(0.2
|
)
|
|
0.8
|
|
|||
Allocation of accumulated other comprehensive loss to noncontrolling interest
|
0.1
|
|
|
—
|
|
|
0.1
|
|
|||
Balance as of September 30, 2016
|
$
|
(13.4
|
)
|
|
$
|
(12.9
|
)
|
|
$
|
(26.3
|
)
|
Three Months Ended September 30, 2015
(in millions)
|
Gains and Losses on Cash Flow Hedges
(1)
|
|
Pension and OPEB Items
(1)
|
|
Accumulated
Other Comprehensive Loss (1) |
||||||
Balance as of July 1, 2015
|
$
|
(13.9
|
)
|
|
$
|
(10.6
|
)
|
|
$
|
(24.5
|
)
|
Other comprehensive income before reclassifications
|
(0.9
|
)
|
|
(1.4
|
)
|
|
(2.3
|
)
|
|||
Amounts reclassified from accumulated other comprehensive income
|
0.2
|
|
|
1.3
|
|
|
1.5
|
|
|||
Net current-period other comprehensive income
|
(0.7
|
)
|
|
(0.1
|
)
|
|
(0.8
|
)
|
|||
Balance as of September 30, 2015
|
$
|
(14.6
|
)
|
|
$
|
(10.7
|
)
|
|
$
|
(25.3
|
)
|
(1)
All amounts are net of tax. Amounts in parentheses indicate debits.
|
|
|
|
|
|
||||||
Nine Months Ended September 30, 2015
(in millions)
|
Gains and Losses on Cash Flow Hedges
(1)
|
|
Pension and OPEB Items
(1)
|
|
Accumulated
Other
Comprehensive
Loss
(1)
|
||||||
Balance as of January 1, 2015
|
$
|
(16.6
|
)
|
|
$
|
(17.9
|
)
|
|
$
|
(34.5
|
)
|
Other comprehensive income before reclassifications
|
(0.9
|
)
|
|
5.8
|
|
|
4.9
|
|
|||
Amounts reclassified from accumulated other comprehensive income
(2)
|
0.7
|
|
|
1.4
|
|
|
2.1
|
|
|||
Net current-period other comprehensive income
|
(0.2
|
)
|
|
7.2
|
|
|
7.0
|
|
|||
Allocation of accumulated other comprehensive loss to noncontrolling interest
|
2.2
|
|
|
—
|
|
|
2.2
|
|
|||
Balance as of September 30, 2015
|
$
|
(14.6
|
)
|
|
$
|
(10.7
|
)
|
|
$
|
(25.3
|
)
|
|
Three Months Ended
September 30, |
|
Nine Months Ended
September 30, |
||||||||||||
(in millions)
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
AFUDC Equity
|
$
|
13.8
|
|
|
$
|
6.5
|
|
|
$
|
29.7
|
|
|
$
|
15.0
|
|
Miscellaneous
|
(0.1
|
)
|
|
0.2
|
|
|
0.8
|
|
|
1.6
|
|
||||
Total Other, net
|
$
|
13.7
|
|
|
$
|
6.7
|
|
|
$
|
30.5
|
|
|
$
|
16.6
|
|
(in millions)
|
2016
|
|
2015
|
||||
Supplemental Disclosures of Cash Flow Information
|
|
|
|
||||
Non-cash transactions:
|
|
|
|
||||
Capital expenditures included in current liabilities
(1)
|
$
|
212.2
|
|
|
$
|
219.9
|
|
Schedule of interest and income taxes paid:
|
|
|
|
||||
Cash paid for interest, net of interest capitalized amounts
|
$
|
54.9
|
|
|
$
|
41.9
|
|
Cash paid for income taxes
(2)
|
3.6
|
|
|
30.8
|
|
Three Months Ended September 30,
|
2016
|
|
2015
|
||||||||||
(in millions)
|
Total Operating Revenues
|
|
Percentage of Total Operating Revenues
|
|
Total Operating Revenues
|
|
Percentage of Total Operating Revenues
|
||||||
Columbia Gas of Ohio
(1)
|
$
|
35.6
|
|
|
10.9
|
%
|
|
$
|
35.3
|
|
|
11.0
|
%
|
|
|
|
|
|
|
|
|
||||||
Nine Months Ended September 30,
|
2016
|
|
2015
|
||||||||||
(in millions)
|
Total Operating Revenues
|
|
Percentage of Total Operating Revenues
|
|
Total Operating Revenues
|
|
Percentage of Total Operating Revenues
|
||||||
Columbia Gas of Ohio
(1)
|
$
|
121.1
|
|
|
12.0
|
%
|
|
$
|
120.4
|
|
|
12.3
|
%
|
As of September 30, 2016
(in millions)
|
CPG
|
|
CEG
|
|
Columbia OpCo
|
|
OpCo GP
|
|
Non-guarantor Subsidiaries
|
|
Consolidating adjustments and eliminations
|
|
CPG Consolidated
|
||||||||||||||
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Current Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Cash and cash equivalents
|
$
|
99.9
|
|
|
$
|
23.1
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
9.6
|
|
|
$
|
—
|
|
|
$
|
132.6
|
|
Accounts receivable, net
|
—
|
|
|
1.0
|
|
|
—
|
|
|
—
|
|
|
158.5
|
|
|
—
|
|
|
159.5
|
|
|||||||
Accounts receivable-affiliated
|
577.5
|
|
|
487.4
|
|
|
—
|
|
|
—
|
|
|
181.0
|
|
|
(1,205.2
|
)
|
|
40.7
|
|
|||||||
Materials and supplies, at average cost
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
26.4
|
|
|
—
|
|
|
26.4
|
|
|||||||
Exchange gas receivable
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
14.3
|
|
|
—
|
|
|
14.3
|
|
|||||||
Deferred property taxes
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
17.7
|
|
|
—
|
|
|
17.7
|
|
|||||||
Prepayments and other
|
54.4
|
|
|
44.9
|
|
|
—
|
|
|
—
|
|
|
43.0
|
|
|
(98.8
|
)
|
|
43.5
|
|
|||||||
Total Current Assets
|
731.8
|
|
|
556.4
|
|
|
—
|
|
|
—
|
|
|
450.5
|
|
|
(1,304.0
|
)
|
|
434.7
|
|
|||||||
Investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Unconsolidated affiliates
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
441.4
|
|
|
—
|
|
|
441.4
|
|
|||||||
Consolidated affiliates
|
5,347.7
|
|
|
7,474.6
|
|
|
5,948.0
|
|
|
—
|
|
|
—
|
|
|
(18,770.3
|
)
|
|
—
|
|
|||||||
Other investments
|
—
|
|
|
0.3
|
|
|
—
|
|
|
—
|
|
|
1.5
|
|
|
—
|
|
|
1.8
|
|
|||||||
Total Investments
|
5,347.7
|
|
|
7,474.9
|
|
|
5,948.0
|
|
|
—
|
|
|
442.9
|
|
|
(18,770.3
|
)
|
|
443.2
|
|
|||||||
Property, Plant and Equipment
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Property, plant and equipment
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
10,200.5
|
|
|
—
|
|
|
10,200.5
|
|
|||||||
Accumulated depreciation and amortization
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(3,092.8
|
)
|
|
—
|
|
|
(3,092.8
|
)
|
|||||||
Net Property, Plant and Equipment
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
7,107.7
|
|
|
—
|
|
|
7,107.7
|
|
|||||||
Other Noncurrent Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Regulatory assets
|
—
|
|
|
53.9
|
|
|
—
|
|
|
—
|
|
|
143.8
|
|
|
—
|
|
|
197.7
|
|
|||||||
Goodwill
|
—
|
|
|
—
|
|
|
1,975.5
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,975.5
|
|
|||||||
Notes receivable-affiliated
|
1,848.2
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1,848.2
|
)
|
|
—
|
|
|||||||
Postretirement and postemployment benefits assets
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
112.1
|
|
|
(0.3
|
)
|
|
111.8
|
|
|||||||
Deferred income taxes
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
70.1
|
|
|
(70.1
|
)
|
|
—
|
|
|||||||
Deferred charges and other
|
1.4
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
9.8
|
|
|
—
|
|
|
11.2
|
|
|||||||
Total Other Noncurrent Assets
|
1,849.6
|
|
|
53.9
|
|
|
1,975.5
|
|
|
—
|
|
|
335.8
|
|
|
(1,918.6
|
)
|
|
2,296.2
|
|
|||||||
Total Assets
|
$
|
7,929.1
|
|
|
$
|
8,085.2
|
|
|
$
|
7,923.5
|
|
|
$
|
—
|
|
|
$
|
8,336.9
|
|
|
$
|
(21,992.9
|
)
|
|
$
|
10,281.8
|
|
As of September 30, 2016
(in millions)
|
CPG
|
|
CEG
|
|
Columbia OpCo
|
|
OpCo GP
|
|
Non-guarantor Subsidiaries
|
|
Consolidating adjustments and eliminations
|
|
CPG Consolidated
|
||||||||||||||
LIABILITIES AND EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Current Liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Short-term borrowings-affiliated
|
$
|
250.0
|
|
|
$
|
—
|
|
|
$
|
439.2
|
|
|
$
|
—
|
|
|
$
|
739.3
|
|
|
$
|
(1,178.5
|
)
|
|
$
|
250.0
|
|
Accounts payable
|
0.1
|
|
|
0.1
|
|
|
—
|
|
|
—
|
|
|
83.9
|
|
|
—
|
|
|
84.1
|
|
|||||||
Accounts payable-affiliated
|
7.5
|
|
|
15.2
|
|
|
0.7
|
|
|
—
|
|
|
12.9
|
|
|
(26.7
|
)
|
|
9.6
|
|
|||||||
Customer deposits
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
16.7
|
|
|
—
|
|
|
16.7
|
|
|||||||
Taxes accrued
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
165.9
|
|
|
(98.8
|
)
|
|
67.1
|
|
|||||||
Interest accrued
|
37.0
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
0.1
|
|
|
—
|
|
|
37.1
|
|
|||||||
Exchange gas payable
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
14.2
|
|
|
—
|
|
|
14.2
|
|
|||||||
Deferred revenue
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
5.6
|
|
|
—
|
|
|
5.6
|
|
|||||||
Accrued capital expenditures
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
171.6
|
|
|
—
|
|
|
171.6
|
|
|||||||
Accrued compensation and related costs
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
45.1
|
|
|
—
|
|
|
45.1
|
|
|||||||
Other accruals
|
0.3
|
|
|
0.3
|
|
|
—
|
|
|
—
|
|
|
100.8
|
|
|
—
|
|
|
101.4
|
|
|||||||
Total Current Liabilities
|
294.9
|
|
|
15.6
|
|
|
439.9
|
|
|
—
|
|
|
1,356.1
|
|
|
(1,304.0
|
)
|
|
802.5
|
|
|||||||
Noncurrent Liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Long-term debt
|
2,727.7
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2,727.7
|
|
|||||||
Long-term debt-affiliated
|
—
|
|
|
1,217.3
|
|
|
—
|
|
|
—
|
|
|
630.9
|
|
|
(1,848.2
|
)
|
|
—
|
|
|||||||
Deferred income taxes
|
22.1
|
|
|
1,494.6
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(70.1
|
)
|
|
1,446.6
|
|
|||||||
Accrued liability for postretirement and postemployment benefits
|
0.2
|
|
|
8.7
|
|
|
—
|
|
|
—
|
|
|
34.9
|
|
|
(0.3
|
)
|
|
43.5
|
|
|||||||
Regulatory liabilities
|
—
|
|
|
10.3
|
|
|
—
|
|
|
—
|
|
|
273.9
|
|
|
—
|
|
|
284.2
|
|
|||||||
Asset retirement obligations
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
23.0
|
|
|
—
|
|
|
23.0
|
|
|||||||
Other noncurrent liabilities
|
—
|
|
|
1.3
|
|
|
—
|
|
|
—
|
|
|
68.8
|
|
|
—
|
|
|
70.1
|
|
|||||||
Total Noncurrent Liabilities
|
2,750.0
|
|
|
2,732.2
|
|
|
—
|
|
|
—
|
|
|
1,031.5
|
|
|
(1,918.6
|
)
|
|
4,595.1
|
|
|||||||
Total Liabilities
|
3,044.9
|
|
|
2,747.8
|
|
|
439.9
|
|
|
—
|
|
|
2,387.6
|
|
|
(3,222.6
|
)
|
|
5,397.6
|
|
|||||||
Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Common stock
|
0.1
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
0.1
|
|
|||||||
Additional paid-in capital
|
4,013.8
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
4,013.8
|
|
|||||||
Accumulated deficit
|
(56.7
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(56.7
|
)
|
|||||||
Net parent investment
|
—
|
|
|
4,410.2
|
|
|
7,507.4
|
|
|
—
|
|
|
5,977.0
|
|
|
(17,894.6
|
)
|
|
—
|
|
|||||||
Accumulated other comprehensive loss
|
(26.3
|
)
|
|
(26.1
|
)
|
|
(23.8
|
)
|
|
—
|
|
|
(27.7
|
)
|
|
77.6
|
|
|
(26.3
|
)
|
|||||||
Total CPG Equity
|
3,930.9
|
|
|
4,384.1
|
|
|
7,483.6
|
|
|
—
|
|
|
5,949.3
|
|
|
(17,817.0
|
)
|
|
3,930.9
|
|
|||||||
Noncontrolling Interest
|
953.3
|
|
|
953.3
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(953.3
|
)
|
|
953.3
|
|
|||||||
Total Equity
|
4,884.2
|
|
|
5,337.4
|
|
|
7,483.6
|
|
|
—
|
|
|
5,949.3
|
|
|
(18,770.3
|
)
|
|
4,884.2
|
|
|||||||
Total Liabilities and Equity
|
$
|
7,929.1
|
|
|
$
|
8,085.2
|
|
|
$
|
7,923.5
|
|
|
$
|
—
|
|
|
$
|
8,336.9
|
|
|
$
|
(21,992.9
|
)
|
|
$
|
10,281.8
|
|
As of December 31, 2015
(in millions)
|
CPG
|
|
CEG
|
|
Columbia OpCo
|
|
OpCo GP
|
|
Non-guarantor Subsidiaries
|
|
Consolidating adjustments and eliminations
|
|
CPG Consolidated
|
||||||||||||||
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Current Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Cash and cash equivalents
|
$
|
800.0
|
|
|
$
|
46.7
|
|
|
$
|
1.9
|
|
|
$
|
—
|
|
|
$
|
82.3
|
|
|
$
|
—
|
|
|
$
|
930.9
|
|
Accounts receivable, net
|
—
|
|
|
5.6
|
|
|
—
|
|
|
—
|
|
|
146.8
|
|
|
—
|
|
|
152.4
|
|
|||||||
Accounts receivable-affiliated
|
14.6
|
|
|
85.6
|
|
|
3.4
|
|
|
—
|
|
|
156.4
|
|
|
(260.0
|
)
|
|
—
|
|
|||||||
Materials and supplies, at average cost
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
32.8
|
|
|
—
|
|
|
32.8
|
|
|||||||
Exchange gas receivable
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
19.0
|
|
|
—
|
|
|
19.0
|
|
|||||||
Deferred property taxes
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
52.0
|
|
|
—
|
|
|
52.0
|
|
|||||||
Prepayments and other
|
0.3
|
|
|
10.1
|
|
|
—
|
|
|
—
|
|
|
43.8
|
|
|
(5.7
|
)
|
|
48.5
|
|
|||||||
Total Current Assets
|
814.9
|
|
|
148.0
|
|
|
5.3
|
|
|
—
|
|
|
533.1
|
|
|
(265.7
|
)
|
|
1,235.6
|
|
|||||||
Investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Unconsolidated affiliates
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
438.1
|
|
|
—
|
|
|
438.1
|
|
|||||||
Consolidated affiliates
|
5,174.6
|
|
|
7,569.8
|
|
|
5,608.9
|
|
|
—
|
|
|
—
|
|
|
(18,353.3
|
)
|
|
—
|
|
|||||||
Other investments
|
12.0
|
|
|
0.3
|
|
|
—
|
|
|
—
|
|
|
1.5
|
|
|
—
|
|
|
13.8
|
|
|||||||
Total Investments
|
5,186.6
|
|
|
7,570.1
|
|
|
5,608.9
|
|
|
—
|
|
|
439.6
|
|
|
(18,353.3
|
)
|
|
451.9
|
|
|||||||
Property, Plant and Equipment
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Property, plant and equipment
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
9,052.3
|
|
|
—
|
|
|
9,052.3
|
|
|||||||
Accumulated depreciation and amortization
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(2,988.6
|
)
|
|
—
|
|
|
(2,988.6
|
)
|
|||||||
Net Property, Plant and Equipment
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
6,063.7
|
|
|
—
|
|
|
6,063.7
|
|
|||||||
Other Noncurrent Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Regulatory assets
|
—
|
|
|
35.1
|
|
|
—
|
|
|
—
|
|
|
142.6
|
|
|
—
|
|
|
177.7
|
|
|||||||
Goodwill
|
—
|
|
|
—
|
|
|
1,975.5
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,975.5
|
|
|||||||
Notes receivable-affiliated
|
1,848.2
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1,848.2
|
)
|
|
—
|
|
|||||||
Postretirement and postemployment benefits assets
|
—
|
|
|
0.5
|
|
|
—
|
|
|
—
|
|
|
115.6
|
|
|
(0.4
|
)
|
|
115.7
|
|
|||||||
Deferred income taxes
|
18.9
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(18.9
|
)
|
|
—
|
|
|||||||
Deferred charges and other
|
4.9
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
10.6
|
|
|
—
|
|
|
15.5
|
|
|||||||
Total Other Noncurrent Assets
|
1,872.0
|
|
|
35.6
|
|
|
1,975.5
|
|
|
—
|
|
|
268.8
|
|
|
(1,867.5
|
)
|
|
2,284.4
|
|
|||||||
Total Assets
|
$
|
7,873.5
|
|
|
$
|
7,753.7
|
|
|
$
|
7,589.7
|
|
|
$
|
—
|
|
|
$
|
7,305.2
|
|
|
$
|
(20,486.5
|
)
|
|
$
|
10,035.6
|
|
As of December 31, 2015
(in millions)
|
CPG
|
|
CEG
|
|
Columbia OpCo
|
|
OpCo GP
|
|
Non-guarantor Subsidiaries
|
|
Consolidating adjustments and eliminations
|
|
CPG Consolidated
|
||||||||||||||
LIABILITIES AND EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Current Liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Short-term borrowings
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
15.0
|
|
|
$
|
—
|
|
|
$
|
15.0
|
|
Short-term borrowings-affiliated
|
99.0
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
134.3
|
|
|
(233.3
|
)
|
|
—
|
|
|||||||
Accounts payable
|
0.1
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
56.7
|
|
|
—
|
|
|
56.8
|
|
|||||||
Accounts payable-affiliated
|
10.8
|
|
|
4.8
|
|
|
—
|
|
|
—
|
|
|
11.1
|
|
|
(26.7
|
)
|
|
—
|
|
|||||||
Customer deposits
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
17.9
|
|
|
—
|
|
|
17.9
|
|
|||||||
Taxes accrued
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
111.7
|
|
|
(5.7
|
)
|
|
106.0
|
|
|||||||
Interest accrued
|
9.4
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
0.1
|
|
|
—
|
|
|
9.5
|
|
|||||||
Exchange gas payable
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
18.6
|
|
|
—
|
|
|
18.6
|
|
|||||||
Deferred revenue
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
15.0
|
|
|
—
|
|
|
15.0
|
|
|||||||
Accrued capital expenditures
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
100.1
|
|
|
—
|
|
|
100.1
|
|
|||||||
Accrued compensation and related costs
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
51.9
|
|
|
—
|
|
|
51.9
|
|
|||||||
Other accruals
|
—
|
|
|
0.3
|
|
|
—
|
|
|
—
|
|
|
69.7
|
|
|
—
|
|
|
70.0
|
|
|||||||
Total Current Liabilities
|
119.3
|
|
|
5.1
|
|
|
—
|
|
|
—
|
|
|
602.1
|
|
|
(265.7
|
)
|
|
460.8
|
|
|||||||
Noncurrent Liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Long-term debt
|
2,725.6
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2,725.6
|
|
|||||||
Long-term debt-affiliated
|
—
|
|
|
1,217.3
|
|
|
—
|
|
|
—
|
|
|
630.9
|
|
|
(1,848.2
|
)
|
|
—
|
|
|||||||
Deferred income taxes
|
—
|
|
|
1,350.4
|
|
|
—
|
|
|
—
|
|
|
16.6
|
|
|
(18.9
|
)
|
|
1,348.1
|
|
|||||||
Accrued liability for postretirement and postemployment benefits
|
0.3
|
|
|
8.3
|
|
|
—
|
|
|
—
|
|
|
41.2
|
|
|
(0.4
|
)
|
|
49.4
|
|
|||||||
Regulatory liabilities
|
—
|
|
|
10.5
|
|
|
—
|
|
|
—
|
|
|
311.1
|
|
|
—
|
|
|
321.6
|
|
|||||||
Asset retirement obligations
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
25.7
|
|
|
—
|
|
|
25.7
|
|
|||||||
Other noncurrent liabilities
|
15.3
|
|
|
0.2
|
|
|
—
|
|
|
—
|
|
|
75.9
|
|
|
—
|
|
|
91.4
|
|
|||||||
Total Noncurrent Liabilities
|
2,741.2
|
|
|
2,586.7
|
|
|
—
|
|
|
—
|
|
|
1,101.4
|
|
|
(1,867.5
|
)
|
|
4,561.8
|
|
|||||||
Total Liabilities
|
2,860.5
|
|
|
2,591.8
|
|
|
—
|
|
|
—
|
|
|
1,703.5
|
|
|
(2,133.2
|
)
|
|
5,022.6
|
|
|||||||
Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Common stock
|
4.0
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
4.0
|
|
|||||||
Additional paid-in capital
|
4,032.7
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
4,032.7
|
|
|||||||
Retained earnings
|
46.9
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
46.9
|
|
|||||||
Net parent investment
|
—
|
|
|
4,232.3
|
|
|
7,615.4
|
|
|
—
|
|
|
5,631.3
|
|
|
(17,479.0
|
)
|
|
—
|
|
|||||||
Accumulated other comprehensive loss
|
(27.0
|
)
|
|
(26.8
|
)
|
|
(25.7
|
)
|
|
—
|
|
|
(29.6
|
)
|
|
82.1
|
|
|
(27.0
|
)
|
|||||||
Total CPG Equity
|
4,056.6
|
|
|
4,205.5
|
|
|
7,589.7
|
|
|
—
|
|
|
5,601.7
|
|
|
(17,396.9
|
)
|
|
4,056.6
|
|
|||||||
Noncontrolling Interest
|
956.4
|
|
|
956.4
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(956.4
|
)
|
|
956.4
|
|
|||||||
Total Equity
|
5,013.0
|
|
|
5,161.9
|
|
|
7,589.7
|
|
|
—
|
|
|
5,601.7
|
|
|
(18,353.3
|
)
|
|
5,013.0
|
|
|||||||
Total Liabilities and Equity
|
$
|
7,873.5
|
|
|
$
|
7,753.7
|
|
|
$
|
7,589.7
|
|
|
$
|
—
|
|
|
$
|
7,305.2
|
|
|
$
|
(20,486.5
|
)
|
|
$
|
10,035.6
|
|
Three Months Ended September 30, 2016
(in millions)
|
CPG
|
|
CEG
|
|
Columbia OpCo
|
|
OpCo GP
|
|
Non-guarantor Subsidiaries
|
|
Consolidating adjustments and eliminations
|
|
CPG Consolidated
|
||||||||||||||
Operating Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Transportation revenues
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
270.3
|
|
|
$
|
—
|
|
|
$
|
270.3
|
|
Storage revenues
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
48.9
|
|
|
—
|
|
|
48.9
|
|
|||||||
Other revenues
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
7.9
|
|
|
—
|
|
|
7.9
|
|
|||||||
Total Operating Revenues
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
327.1
|
|
|
—
|
|
|
327.1
|
|
|||||||
Operating Expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Operation and maintenance
|
67.2
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
255.7
|
|
|
—
|
|
|
322.9
|
|
|||||||
Operation and maintenance-affiliated
|
1.1
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1.1
|
)
|
|
—
|
|
|||||||
Depreciation and amortization
|
—
|
|
|
0.2
|
|
|
—
|
|
|
—
|
|
|
43.4
|
|
|
—
|
|
|
43.6
|
|
|||||||
Gain on sale of assets
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(9.3
|
)
|
|
—
|
|
|
(9.3
|
)
|
|||||||
Impairment of long-lived assets
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
19.1
|
|
|
—
|
|
|
19.1
|
|
|||||||
Property and other taxes
|
—
|
|
|
—
|
|
|
0.1
|
|
|
—
|
|
|
19.7
|
|
|
—
|
|
|
19.8
|
|
|||||||
Total Operating Expenses
|
68.3
|
|
|
0.2
|
|
|
0.1
|
|
|
—
|
|
|
328.6
|
|
|
(1.1
|
)
|
|
396.1
|
|
|||||||
Equity Earnings in Unconsolidated Affiliates
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
16.0
|
|
|
—
|
|
|
16.0
|
|
|||||||
Equity Earnings in Consolidated Affiliates
|
9.8
|
|
|
21.0
|
|
|
22.6
|
|
|
—
|
|
|
—
|
|
|
(53.4
|
)
|
|
—
|
|
|||||||
Operating Loss
|
(58.5
|
)
|
|
20.8
|
|
|
22.5
|
|
|
—
|
|
|
14.5
|
|
|
(52.3
|
)
|
|
(53.0
|
)
|
|||||||
Other Income (Deductions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Interest expense
|
(33.0
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(0.2
|
)
|
|
1.8
|
|
|
(31.4
|
)
|
|||||||
Interest expense-affiliated
|
(0.5
|
)
|
|
(11.3
|
)
|
|
(1.1
|
)
|
|
—
|
|
|
(7.6
|
)
|
|
20.0
|
|
|
(0.5
|
)
|
|||||||
Other, net
|
20.3
|
|
|
1.4
|
|
|
—
|
|
|
—
|
|
|
13.8
|
|
|
(21.8
|
)
|
|
13.7
|
|
|||||||
Total Other Deductions, net
|
(13.2
|
)
|
|
(9.9
|
)
|
|
(1.1
|
)
|
|
—
|
|
|
6.0
|
|
|
—
|
|
|
(18.2
|
)
|
|||||||
Loss before Income Taxes
|
(71.7
|
)
|
|
10.9
|
|
|
21.4
|
|
|
—
|
|
|
20.5
|
|
|
(52.3
|
)
|
|
(71.2
|
)
|
|||||||
Income Taxes
|
(22.1
|
)
|
|
(1.2
|
)
|
|
—
|
|
|
—
|
|
|
(0.3
|
)
|
|
2.0
|
|
|
(21.6
|
)
|
|||||||
Net Loss
|
(49.6
|
)
|
|
12.1
|
|
|
21.4
|
|
|
—
|
|
|
20.8
|
|
|
(54.3
|
)
|
|
(49.6
|
)
|
|||||||
Less: Net income attributable to noncontrolling interest
|
2.9
|
|
|
2.9
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(2.9
|
)
|
|
2.9
|
|
|||||||
Net Loss Attributable to CPG
|
$
|
(52.5
|
)
|
|
$
|
9.2
|
|
|
$
|
21.4
|
|
|
$
|
—
|
|
|
$
|
20.8
|
|
|
$
|
(51.4
|
)
|
|
$
|
(52.5
|
)
|
Three Months Ended September 30, 2015
(in millions)
|
CPG
|
|
CEG
|
|
Columbia OpCo
|
|
OpCo GP
|
|
Non-guarantor Subsidiaries
|
|
Consolidating adjustments and eliminations
|
|
CPG Consolidated
|
||||||||||||||
Operating Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Transportation revenues
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
266.2
|
|
|
$
|
—
|
|
|
$
|
266.2
|
|
Storage revenues
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
49.5
|
|
|
—
|
|
|
49.5
|
|
|||||||
Other revenues
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
5.2
|
|
|
—
|
|
|
5.2
|
|
|||||||
Total Operating Revenues
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
320.9
|
|
|
—
|
|
|
320.9
|
|
|||||||
Operating Expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Operation and maintenance
|
6.3
|
|
|
(0.4
|
)
|
|
—
|
|
|
—
|
|
|
180.6
|
|
|
—
|
|
|
186.5
|
|
|||||||
Operation and maintenance-affiliated
|
1.5
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1.5
|
)
|
|
—
|
|
|||||||
Depreciation and amortization
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
35.0
|
|
|
—
|
|
|
35.0
|
|
|||||||
Gain on sale of assets
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(39.0
|
)
|
|
—
|
|
|
(39.0
|
)
|
|||||||
Impairment of long-lived assets
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
0.6
|
|
|
—
|
|
|
0.6
|
|
|||||||
Property and other taxes
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
17.3
|
|
|
—
|
|
|
17.3
|
|
|||||||
Total Operating Expenses
|
7.8
|
|
|
(0.4
|
)
|
|
—
|
|
|
—
|
|
|
194.5
|
|
|
(1.5
|
)
|
|
200.4
|
|
|||||||
Equity Earnings in Unconsolidated Affiliates
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
15.4
|
|
|
—
|
|
|
15.4
|
|
|||||||
Equity Earnings in Consolidated Affiliates
|
87.7
|
|
|
144.9
|
|
|
143.6
|
|
|
—
|
|
|
—
|
|
|
(376.2
|
)
|
|
—
|
|
|||||||
Operating Income
|
79.9
|
|
|
145.3
|
|
|
143.6
|
|
|
—
|
|
|
141.8
|
|
|
(374.7
|
)
|
|
135.9
|
|
|||||||
Other Income (Deductions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Interest expense
|
(29.9
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1.1
|
)
|
|
1.6
|
|
|
(29.4
|
)
|
|||||||
Interest expense-affiliated
|
(1.6
|
)
|
|
(11.4
|
)
|
|
—
|
|
|
—
|
|
|
(6.6
|
)
|
|
19.6
|
|
|
—
|
|
|||||||
Other, net
|
19.0
|
|
|
0.1
|
|
|
1.8
|
|
|
—
|
|
|
7.0
|
|
|
(21.2
|
)
|
|
6.7
|
|
|||||||
Total Other Deductions, net
|
(12.5
|
)
|
|
(11.3
|
)
|
|
1.8
|
|
|
—
|
|
|
(0.7
|
)
|
|
—
|
|
|
(22.7
|
)
|
|||||||
Income from Continuing Operations before Income Taxes
|
67.4
|
|
|
134.0
|
|
|
145.4
|
|
|
—
|
|
|
141.1
|
|
|
(374.7
|
)
|
|
113.2
|
|
|||||||
Income Taxes
|
(7.5
|
)
|
|
45.8
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
38.3
|
|
|||||||
Income from Continuing Operations
|
74.9
|
|
|
88.2
|
|
|
145.4
|
|
|
—
|
|
|
141.1
|
|
|
(374.7
|
)
|
|
74.9
|
|
|||||||
Loss from Discontinued Operations-net of taxes
|
(0.1
|
)
|
|
(0.1
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
0.1
|
|
|
(0.1
|
)
|
|||||||
Net Income
|
74.8
|
|
|
88.1
|
|
|
145.4
|
|
|
—
|
|
|
141.1
|
|
|
(374.6
|
)
|
|
74.8
|
|
|||||||
Less: Net income attributable to noncontrolling interest
|
11.8
|
|
|
11.8
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(11.8
|
)
|
|
11.8
|
|
|||||||
Net Income Attributable to CPG
|
$
|
63.0
|
|
|
$
|
76.3
|
|
|
$
|
145.4
|
|
|
$
|
—
|
|
|
$
|
141.1
|
|
|
$
|
(362.8
|
)
|
|
$
|
63.0
|
|
Nine Months Ended September 30, 2016
(in millions)
|
CPG
|
|
CEG
|
|
Columbia OpCo
|
|
OpCo GP
|
|
Non-guarantor Subsidiaries
|
|
Consolidating adjustments and eliminations
|
|
CPG Consolidated
|
||||||||||||||
Operating Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Transportation revenues
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
838.2
|
|
|
$
|
—
|
|
|
$
|
838.2
|
|
Storage revenues
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
147.7
|
|
|
—
|
|
|
147.7
|
|
|||||||
Other revenues
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
19.6
|
|
|
—
|
|
|
19.6
|
|
|||||||
Total Operating Revenues
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,005.5
|
|
|
—
|
|
|
1,005.5
|
|
|||||||
Operating Expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Operation and maintenance
|
135.4
|
|
|
(0.2
|
)
|
|
—
|
|
|
—
|
|
|
536.9
|
|
|
(0.2
|
)
|
|
671.9
|
|
|||||||
Operation and maintenance-affiliated
|
1.6
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1.6
|
)
|
|
—
|
|
|||||||
Depreciation and amortization
|
—
|
|
|
0.6
|
|
|
—
|
|
|
—
|
|
|
124.6
|
|
|
—
|
|
|
125.2
|
|
|||||||
Gain on sale of assets
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(15.3
|
)
|
|
—
|
|
|
(15.3
|
)
|
|||||||
Impairment of long-lived assets
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
19.1
|
|
|
—
|
|
|
19.1
|
|
|||||||
Property and other taxes
|
0.1
|
|
|
—
|
|
|
0.1
|
|
|
—
|
|
|
62.4
|
|
|
—
|
|
|
62.6
|
|
|||||||
Total Operating Expenses
|
137.1
|
|
|
0.4
|
|
|
0.1
|
|
|
—
|
|
|
727.7
|
|
|
(1.8
|
)
|
|
863.5
|
|
|||||||
Equity Earnings in Unconsolidated Affiliates
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
48.2
|
|
|
—
|
|
|
48.2
|
|
|||||||
Equity Earnings in Consolidated Affiliates
|
202.4
|
|
|
330.6
|
|
|
337.4
|
|
|
—
|
|
|
—
|
|
|
(870.4
|
)
|
|
—
|
|
|||||||
Operating Income
|
65.3
|
|
|
330.2
|
|
|
337.3
|
|
|
—
|
|
|
326.0
|
|
|
(868.6
|
)
|
|
190.2
|
|
|||||||
Other Income (Deductions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Interest expense
|
(92.2
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(2.9
|
)
|
|
3.7
|
|
|
(91.4
|
)
|
|||||||
Interest expense-affiliated
|
(0.5
|
)
|
|
(33.7
|
)
|
|
(1.5
|
)
|
|
—
|
|
|
(21.5
|
)
|
|
56.7
|
|
|
(0.5
|
)
|
|||||||
Other, net
|
59.3
|
|
|
2.2
|
|
|
—
|
|
|
—
|
|
|
29.4
|
|
|
(60.4
|
)
|
|
30.5
|
|
|||||||
Total Other Deductions, net
|
(33.4
|
)
|
|
(31.5
|
)
|
|
(1.5
|
)
|
|
—
|
|
|
5.0
|
|
|
—
|
|
|
(61.4
|
)
|
|||||||
Income from Continuing Operations before Income Taxes
|
31.9
|
|
|
298.7
|
|
|
335.8
|
|
|
—
|
|
|
331.0
|
|
|
(868.6
|
)
|
|
128.8
|
|
|||||||
Income Taxes
|
(53.7
|
)
|
|
93.9
|
|
|
—
|
|
|
—
|
|
|
1.0
|
|
|
2.0
|
|
|
43.2
|
|
|||||||
Income from Continuing Operations
|
85.6
|
|
|
204.8
|
|
|
335.8
|
|
|
—
|
|
|
330.0
|
|
|
(870.6
|
)
|
|
85.6
|
|
|||||||
Income from Discontinued Operations-net of taxes
|
0.2
|
|
|
0.2
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(0.2
|
)
|
|
0.2
|
|
|||||||
Net Income
|
85.8
|
|
|
205.0
|
|
|
335.8
|
|
|
—
|
|
|
330.0
|
|
|
(870.8
|
)
|
|
85.8
|
|
|||||||
Less: Net income attributable to noncontrolling interest
|
27.2
|
|
|
27.2
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(27.2
|
)
|
|
27.2
|
|
|||||||
Net Income Attributable to CPG
|
$
|
58.6
|
|
|
$
|
177.8
|
|
|
$
|
335.8
|
|
|
$
|
—
|
|
|
$
|
330.0
|
|
|
$
|
(843.6
|
)
|
|
$
|
58.6
|
|
Nine Months Ended September 30, 2015
(in millions)
|
CPG
|
|
CEG
|
|
Columbia OpCo
|
|
OpCo GP
|
|
Non-guarantor Subsidiaries
|
|
Consolidating adjustments and eliminations
|
|
CPG Consolidated
|
||||||||||||||
Operating Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Transportation revenues
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
752.4
|
|
|
$
|
—
|
|
|
$
|
752.4
|
|
Transportation revenues-affiliated
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
47.5
|
|
|
—
|
|
|
47.5
|
|
|||||||
Storage revenues
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
122.3
|
|
|
—
|
|
|
122.3
|
|
|||||||
Storage revenues-affiliated
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
26.2
|
|
|
—
|
|
|
26.2
|
|
|||||||
Other revenues
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
28.6
|
|
|
—
|
|
|
28.6
|
|
|||||||
Total Operating Revenues
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
977.0
|
|
|
—
|
|
|
977.0
|
|
|||||||
Operating Expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Operation and maintenance
|
6.6
|
|
|
(1.2
|
)
|
|
—
|
|
|
—
|
|
|
450.6
|
|
|
—
|
|
|
456.0
|
|
|||||||
Operation and maintenance-affiliated
|
1.5
|
|
|
0.3
|
|
|
—
|
|
|
—
|
|
|
52.6
|
|
|
(1.5
|
)
|
|
52.9
|
|
|||||||
Depreciation and amortization
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
101.4
|
|
|
—
|
|
|
101.4
|
|
|||||||
Gain on sale of assets
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(52.6
|
)
|
|
—
|
|
|
(52.6
|
)
|
|||||||
Impairment of long-lived assets
|
—
|
|
|
1.8
|
|
|
—
|
|
|
—
|
|
|
0.6
|
|
|
—
|
|
|
2.4
|
|
|||||||
Property and other taxes
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
55.5
|
|
|
—
|
|
|
55.5
|
|
|||||||
Total Operating Expenses
|
8.1
|
|
|
0.9
|
|
|
—
|
|
|
—
|
|
|
608.1
|
|
|
(1.5
|
)
|
|
615.6
|
|
|||||||
Equity Earnings in Unconsolidated Affiliates
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
44.5
|
|
|
—
|
|
|
44.5
|
|
|||||||
Equity Earnings in Consolidated Affiliates
|
249.4
|
|
|
383.2
|
|
|
382.5
|
|
|
—
|
|
|
—
|
|
|
(1,015.1
|
)
|
|
—
|
|
|||||||
Operating Income
|
241.3
|
|
|
382.3
|
|
|
382.5
|
|
|
—
|
|
|
413.4
|
|
|
(1,013.6
|
)
|
|
405.9
|
|
|||||||
Other Income (Deductions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Interest expense
|
(42.8
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1.1
|
)
|
|
1.6
|
|
|
(42.3
|
)
|
|||||||
Interest expense-affiliated
|
(1.9
|
)
|
|
(29.5
|
)
|
|
—
|
|
|
—
|
|
|
(24.3
|
)
|
|
26.4
|
|
|
(29.3
|
)
|
|||||||
Other, net
|
26.1
|
|
|
0.3
|
|
|
3.3
|
|
|
—
|
|
|
14.9
|
|
|
(28.0
|
)
|
|
16.6
|
|
|||||||
Total Other Deductions, net
|
(18.6
|
)
|
|
(29.2
|
)
|
|
3.3
|
|
|
—
|
|
|
(10.5
|
)
|
|
—
|
|
|
(55.0
|
)
|
|||||||
Income from Continuing Operations before Income Taxes
|
222.7
|
|
|
353.1
|
|
|
385.8
|
|
|
—
|
|
|
402.9
|
|
|
(1,013.6
|
)
|
|
350.9
|
|
|||||||
Income Taxes
|
(9.4
|
)
|
|
103.6
|
|
|
—
|
|
|
—
|
|
|
26.2
|
|
|
(1.6
|
)
|
|
118.8
|
|
|||||||
Income from Continuing Operations
|
232.1
|
|
|
249.5
|
|
|
385.8
|
|
|
—
|
|
|
376.7
|
|
|
(1,012.0
|
)
|
|
232.1
|
|
|||||||
Loss from Discontinued Operations-net of taxes
|
(0.4
|
)
|
|
(0.4
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
0.4
|
|
|
(0.4
|
)
|
|||||||
Net Income
|
231.7
|
|
|
249.1
|
|
|
385.8
|
|
|
—
|
|
|
376.7
|
|
|
(1,011.6
|
)
|
|
231.7
|
|
|||||||
Less: Net income attributable to noncontrolling interest
|
27.9
|
|
|
27.9
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(27.9
|
)
|
|
27.9
|
|
|||||||
Net Income Attributable to CPG
|
$
|
203.8
|
|
|
$
|
221.2
|
|
|
$
|
385.8
|
|
|
$
|
—
|
|
|
$
|
376.7
|
|
|
$
|
(983.7
|
)
|
|
$
|
203.8
|
|
Three Months Ended September 30, 2016
(in millions, net of taxes)
|
CPG
|
|
CEG
|
|
Columbia OpCo
|
|
OpCo GP
|
|
Non-guarantor Subsidiaries
|
|
Consolidating adjustments and eliminations
|
|
CPG Consolidated
|
||||||||||||||
Net Loss
|
$
|
(49.6
|
)
|
|
$
|
12.1
|
|
|
$
|
21.4
|
|
|
$
|
—
|
|
|
$
|
20.8
|
|
|
$
|
(54.3
|
)
|
|
$
|
(49.6
|
)
|
Other comprehensive income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Net unrealized gain on cash flow hedges
|
0.3
|
|
|
(0.3
|
)
|
|
—
|
|
|
—
|
|
|
0.6
|
|
|
(0.3
|
)
|
|
0.3
|
|
|||||||
Unrecognized pension and OPEB cost
|
(0.4
|
)
|
|
(0.5
|
)
|
|
—
|
|
|
—
|
|
|
0.1
|
|
|
0.4
|
|
|
(0.4
|
)
|
|||||||
Total other comprehensive income
|
(0.1
|
)
|
|
(0.8
|
)
|
|
—
|
|
|
—
|
|
|
0.7
|
|
|
0.1
|
|
|
(0.1
|
)
|
|||||||
Total Comprehensive Loss
|
(49.7
|
)
|
|
11.3
|
|
|
21.4
|
|
|
—
|
|
|
21.5
|
|
|
(54.2
|
)
|
|
(49.7
|
)
|
|||||||
Less: Comprehensive Income-noncontrolling interest
|
2.9
|
|
|
2.9
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(2.9
|
)
|
|
2.9
|
|
|||||||
Comprehensive Loss-controlling interests
|
$
|
(52.6
|
)
|
|
$
|
8.4
|
|
|
$
|
21.4
|
|
|
$
|
—
|
|
|
$
|
21.5
|
|
|
$
|
(51.3
|
)
|
|
$
|
(52.6
|
)
|
Three Months Ended September 30, 2015
(in millions, net of taxes)
|
CPG
|
|
CEG
|
|
Columbia OpCo
|
|
OpCo GP
|
|
Non-guarantor Subsidiaries
|
|
Consolidating adjustments and eliminations
|
|
CPG Consolidated
|
||||||||||||||
Net Income
|
$
|
74.8
|
|
|
$
|
88.1
|
|
|
$
|
145.4
|
|
|
$
|
—
|
|
|
$
|
141.1
|
|
|
$
|
(374.6
|
)
|
|
$
|
74.8
|
|
Other comprehensive income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Net unrealized loss on cash flow hedges
|
(0.7
|
)
|
|
(1.2
|
)
|
|
—
|
|
|
—
|
|
|
0.5
|
|
|
0.7
|
|
|
(0.7
|
)
|
|||||||
Unrecognized pension and OPEB cost
|
(0.1
|
)
|
|
0.1
|
|
|
—
|
|
|
—
|
|
|
(0.2
|
)
|
|
0.1
|
|
|
(0.1
|
)
|
|||||||
Total other comprehensive income
|
(0.8
|
)
|
|
(1.1
|
)
|
|
—
|
|
|
—
|
|
|
0.3
|
|
|
0.8
|
|
|
(0.8
|
)
|
|||||||
Total Comprehensive Income
|
74.0
|
|
|
87.0
|
|
|
145.4
|
|
|
—
|
|
|
141.4
|
|
|
(373.8
|
)
|
|
74.0
|
|
|||||||
Less: Comprehensive Income-noncontrolling interest
|
11.8
|
|
|
11.8
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(11.8
|
)
|
|
11.8
|
|
|||||||
Comprehensive Income-controlling interests
|
$
|
62.2
|
|
|
$
|
75.2
|
|
|
$
|
145.4
|
|
|
$
|
—
|
|
|
$
|
141.4
|
|
|
$
|
(362.0
|
)
|
|
$
|
62.2
|
|
Nine Months Ended September 30, 2016
(in millions, net of taxes)
|
CPG
|
|
CEG
|
|
Columbia OpCo
|
|
OpCo GP
|
|
Non-guarantor Subsidiaries
|
|
Consolidating adjustments and eliminations
|
|
CPG Consolidated
|
||||||||||||||
Net Income
|
$
|
85.8
|
|
|
$
|
205.0
|
|
|
$
|
335.8
|
|
|
$
|
—
|
|
|
$
|
330.0
|
|
|
$
|
(870.8
|
)
|
|
$
|
85.8
|
|
Other comprehensive income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Net unrealized gain on cash flow hedges
|
1.0
|
|
|
(0.6
|
)
|
|
—
|
|
|
—
|
|
|
1.6
|
|
|
(1.0
|
)
|
|
1.0
|
|
|||||||
Unrecognized pension and OPEB cost
|
(0.2
|
)
|
|
(0.3
|
)
|
|
—
|
|
|
—
|
|
|
0.1
|
|
|
0.2
|
|
|
(0.2
|
)
|
|||||||
Total other comprehensive income
|
0.8
|
|
|
(0.9
|
)
|
|
—
|
|
|
—
|
|
|
1.7
|
|
|
(0.8
|
)
|
|
0.8
|
|
|||||||
Total Comprehensive Income
|
86.6
|
|
|
204.1
|
|
|
335.8
|
|
|
—
|
|
|
331.7
|
|
|
(871.6
|
)
|
|
86.6
|
|
|||||||
Less: Comprehensive Income-noncontrolling interest
|
27.3
|
|
|
27.3
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(27.3
|
)
|
|
27.3
|
|
|||||||
Comprehensive Income-controlling interests
|
$
|
59.3
|
|
|
$
|
176.8
|
|
|
$
|
335.8
|
|
|
$
|
—
|
|
|
$
|
331.7
|
|
|
$
|
(844.3
|
)
|
|
$
|
59.3
|
|
Nine Months Ended September 30, 2015
(in millions, net of taxes)
|
CPG
|
|
CEG
|
|
Columbia OpCo
|
|
OpCo GP
|
|
Non-guarantor Subsidiaries
|
|
Consolidating adjustments and eliminations
|
|
CPG Consolidated
|
||||||||||||||
Net Income
|
$
|
231.7
|
|
|
$
|
249.1
|
|
|
$
|
385.8
|
|
|
$
|
—
|
|
|
$
|
376.7
|
|
|
$
|
(1,011.6
|
)
|
|
$
|
231.7
|
|
Other comprehensive income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Net unrealized loss on cash flow hedges
|
(0.2
|
)
|
|
(1.5
|
)
|
|
—
|
|
|
—
|
|
|
1.3
|
|
|
0.2
|
|
|
(0.2
|
)
|
|||||||
Unrecognized pension and OPEB benefit
|
7.2
|
|
|
7.4
|
|
|
—
|
|
|
—
|
|
|
(0.2
|
)
|
|
(7.2
|
)
|
|
7.2
|
|
|||||||
Total other comprehensive income
|
7.0
|
|
|
5.9
|
|
|
—
|
|
|
—
|
|
|
1.1
|
|
|
(7.0
|
)
|
|
7.0
|
|
|||||||
Total Comprehensive Income
|
238.7
|
|
|
255.0
|
|
|
385.8
|
|
|
—
|
|
|
377.8
|
|
|
(1,018.6
|
)
|
|
238.7
|
|
|||||||
Less: Comprehensive Income-noncontrolling interest
|
27.9
|
|
|
27.9
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(27.9
|
)
|
|
27.9
|
|
|||||||
Comprehensive Income-controlling interests
|
$
|
210.8
|
|
|
$
|
227.1
|
|
|
$
|
385.8
|
|
|
$
|
—
|
|
|
$
|
377.8
|
|
|
$
|
(990.7
|
)
|
|
$
|
210.8
|
|
Nine Months Ended September 30, 2016
(in millions)
|
CPG
|
|
CEG
|
|
Columbia OpCo
|
|
OpCo GP
|
|
Non-guarantor Subsidiaries
|
|
Consolidating adjustments and eliminations
|
|
CPG Consolidated
|
||||||||||||||
Net Cash Flows from Operating Activities
|
$
|
(174.7
|
)
|
|
$
|
376.9
|
|
|
$
|
(0.8
|
)
|
|
$
|
—
|
|
|
$
|
521.7
|
|
|
$
|
(470.1
|
)
|
|
$
|
253.0
|
|
Investing Activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Capital expenditures
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1,095.8
|
)
|
|
—
|
|
|
(1,095.8
|
)
|
|||||||
Change in short-term lendings-affiliated
|
(519.4
|
)
|
|
(400.5
|
)
|
|
3.3
|
|
|
—
|
|
|
(28.7
|
)
|
|
945.3
|
|
|
—
|
|
|||||||
Proceeds from disposition of assets
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
9.9
|
|
|
—
|
|
|
9.9
|
|
|||||||
Contributions to equity investees
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(6.2
|
)
|
|
—
|
|
|
(6.2
|
)
|
|||||||
Distributions from equity investees
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1.6
|
|
|
—
|
|
|
1.6
|
|
|||||||
Other investing activities
|
10.3
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(6.5
|
)
|
|
—
|
|
|
3.8
|
|
|||||||
Net Cash Flows used for Investing Activities
|
(509.1
|
)
|
|
(400.5
|
)
|
|
3.3
|
|
|
—
|
|
|
(1,125.7
|
)
|
|
945.3
|
|
|
(1,086.7
|
)
|
|||||||
Financing Activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Change in short-term borrowings
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(15.0
|
)
|
|
—
|
|
|
(15.0
|
)
|
|||||||
Change in short-term borrowings-affiliated
|
151.0
|
|
|
—
|
|
|
439.2
|
|
|
—
|
|
|
605.1
|
|
|
(945.3
|
)
|
|
250.0
|
|
|||||||
Payments of capital lease obligations and other debt related costs
|
(0.6
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1.9
|
)
|
|
—
|
|
|
(2.5
|
)
|
|||||||
Common stock issuances associated with the Merger
|
0.1
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
0.1
|
|
|||||||
Quarterly distributions to unitholders
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(56.9
|
)
|
|
56.9
|
|
|
—
|
|
|||||||
Distribution to noncontrolling interest in Columbia OpCo
|
—
|
|
|
—
|
|
|
(443.6
|
)
|
|
—
|
|
|
—
|
|
|
443.6
|
|
|
—
|
|
|||||||
Distribution to noncontrolling interest
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(30.4
|
)
|
|
(30.4
|
)
|
|||||||
Acquisition of treasury stock
|
(6.2
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(6.2
|
)
|
|||||||
Dividends paid - common stock
|
(105.1
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(105.1
|
)
|
|||||||
Dividends paid to TransCanada
|
(55.5
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(55.5
|
)
|
|||||||
Net Cash Flows used for Financing Activities
|
(16.3
|
)
|
|
—
|
|
|
(4.4
|
)
|
|
—
|
|
|
531.3
|
|
|
(475.2
|
)
|
|
35.4
|
|
|||||||
Change in cash and cash equivalents
|
(700.1
|
)
|
|
(23.6
|
)
|
|
(1.9
|
)
|
|
—
|
|
|
(72.7
|
)
|
|
—
|
|
|
(798.3
|
)
|
|||||||
Cash and cash equivalents at beginning of period
|
800.0
|
|
|
46.7
|
|
|
1.9
|
|
|
—
|
|
|
82.3
|
|
|
—
|
|
|
930.9
|
|
|||||||
Cash and Cash Equivalents at End of Period
|
$
|
99.9
|
|
|
$
|
23.1
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
9.6
|
|
|
$
|
—
|
|
|
$
|
132.6
|
|
Nine Months Ended September 30, 2015
(in millions)
|
CPG
|
|
CEG
|
|
Columbia OpCo
|
|
OpCo GP
|
|
Non-guarantor Subsidiaries
|
|
Consolidating adjustments and eliminations
|
|
CPG Consolidated
|
||||||||||||||
Net Cash Flows from Operating Activities
|
$
|
6.2
|
|
|
$
|
(24.5
|
)
|
|
$
|
4.1
|
|
|
$
|
—
|
|
|
$
|
440.5
|
|
|
$
|
(12.1
|
)
|
|
$
|
414.2
|
|
Investing Activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Capital expenditures
|
—
|
|
|
(3.8
|
)
|
|
—
|
|
|
—
|
|
|
(833.0
|
)
|
|
3.8
|
|
|
(833.0
|
)
|
|||||||
Insurance recoveries
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2.1
|
|
|
—
|
|
|
2.1
|
|
|||||||
Change in short-term lendings-affiliated
|
—
|
|
|
(33.2
|
)
|
|
(126.8
|
)
|
|
—
|
|
|
(119.0
|
)
|
|
424.5
|
|
|
145.5
|
|
|||||||
Proceeds from disposition of assets
|
—
|
|
|
2.1
|
|
|
—
|
|
|
—
|
|
|
55.0
|
|
|
(3.8
|
)
|
|
53.3
|
|
|||||||
Contributions to equity investees
|
—
|
|
|
(1,217.3
|
)
|
|
(446.2
|
)
|
|
—
|
|
|
(1.4
|
)
|
|
1,663.5
|
|
|
(1.4
|
)
|
|||||||
Distributions from equity investees
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
15.1
|
|
|
—
|
|
|
15.1
|
|
|||||||
Other investing activities
|
(5.2
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(19.0
|
)
|
|
—
|
|
|
(24.2
|
)
|
|||||||
Net Cash Flows used for Investing Activities
|
(5.2
|
)
|
|
(1,252.2
|
)
|
|
(573.0
|
)
|
|
—
|
|
|
(900.2
|
)
|
|
2,088.0
|
|
|
(642.6
|
)
|
|||||||
Financing Activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Change in short-term borrowings
|
225.0
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
20.0
|
|
|
—
|
|
|
245.0
|
|
|||||||
Change in short-term borrowings-affiliated
|
388.8
|
|
|
(5.1
|
)
|
|
—
|
|
|
—
|
|
|
(211.7
|
)
|
|
(424.5
|
)
|
|
(252.5
|
)
|
|||||||
Issuance of long-term debt
|
2,745.9
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2,745.9
|
|
|||||||
Debt related costs
|
(23.6
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(23.6
|
)
|
|||||||
Issuance of long-term debt-affiliated
|
—
|
|
|
1,217.3
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,217.3
|
|
|||||||
Payments of long-term debt-affiliated, including current portion
|
(1,848.2
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(957.8
|
)
|
|
—
|
|
|
(2,806.0
|
)
|
|||||||
Proceeds from the issuance of common units, net of offering costs
|
—
|
|
|
—
|
|
|
1,170.0
|
|
|
—
|
|
|
(1.6
|
)
|
|
—
|
|
|
1,168.4
|
|
|||||||
Contribution of capital from CEG
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,663.5
|
|
|
(1,663.5
|
)
|
|
—
|
|
|||||||
Distribution of IPO proceeds to NiSource
|
—
|
|
|
—
|
|
|
(500.0
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(500.0
|
)
|
|||||||
Distribution to NiSource
|
(1,450.0
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1,450.0
|
)
|
|||||||
Quarterly distributions to unitholders
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(26.0
|
)
|
|
26.0
|
|
|
—
|
|
|||||||
Distribution to noncontrolling interest in Columbia OpCo
|
—
|
|
|
—
|
|
|
(69.9
|
)
|
|
—
|
|
|
—
|
|
|
69.9
|
|
|
—
|
|
|||||||
Distribution received from Columbia OpCo
|
—
|
|
|
69.9
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(69.9
|
)
|
|
—
|
|
|||||||
Distribution to noncontrolling interest
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(13.9
|
)
|
|
(13.9
|
)
|
|||||||
Dividends paid - common stock
|
(39.7
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(39.7
|
)
|
|||||||
Transfer from NiSource
|
0.8
|
|
|
(0.6
|
)
|
|
(13.0
|
)
|
|
—
|
|
|
13.6
|
|
|
—
|
|
|
0.8
|
|
|||||||
Net Cash Flows from Financing Activities
|
(1.0
|
)
|
|
1,281.5
|
|
|
587.1
|
|
|
—
|
|
|
500.0
|
|
|
(2,075.9
|
)
|
|
291.7
|
|
|||||||
Change in cash and cash equivalents
|
—
|
|
|
4.8
|
|
|
18.2
|
|
|
—
|
|
|
40.3
|
|
|
—
|
|
|
63.3
|
|
|||||||
Cash and cash equivalents at beginning of period
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
0.5
|
|
|
—
|
|
|
0.5
|
|
|||||||
Cash and Cash Equivalents at End of Period
|
$
|
—
|
|
|
$
|
4.8
|
|
|
$
|
18.2
|
|
|
$
|
—
|
|
|
$
|
40.8
|
|
|
$
|
—
|
|
|
$
|
63.8
|
|
•
|
changes in general economic conditions;
|
•
|
competitive conditions in our industry;
|
•
|
actions taken by third-party operators, processors and transporters;
|
•
|
the demand for natural gas storage and transportation services;
|
•
|
our ability to successfully implement our business plan;
|
•
|
our ability to complete internal growth projects on time and on budget;
|
•
|
the price and availability of debt and equity financing;
|
•
|
restrictions in our existing and any future credit facilities;
|
•
|
capital market performance and other factors that may decrease the value of benefit plan assets;
|
•
|
the availability and price of natural gas to the consumer compared to the price of alternative and competing fuels;
|
•
|
competition from the same and alternative energy sources;
|
•
|
energy efficiency and technology trends;
|
•
|
operating hazards and other risks incidental to transporting, storing and gathering natural gas;
|
•
|
natural disasters, weather-related delays, casualty losses and other matters beyond our control;
|
•
|
interest rates;
|
•
|
labor relations;
|
•
|
large customer defaults;
|
•
|
changes in the availability and cost of capital;
|
•
|
changes in tax status;
|
•
|
the effects of existing and future laws and governmental regulations;
|
•
|
the effects of future litigation, including litigation relating to the Merger;
|
•
|
the occurrence of any event, change or other circumstance in connection with the recent Merger;
|
•
|
risks related to disruption of management’s attention from our ongoing business operations due to the Merger;
|
•
|
risks associated with the loss and ongoing replacement of key personnel due to the recent Merger;
|
•
|
risks relating to unanticipated costs of integration in connection with the Merger, including operating costs, customer loss or business disruption being greater than expected;
|
•
|
risks relating to the difficulties in integrating the businesses and management of CPG and TransCanada; and
|
•
|
certain factors discussed elsewhere in this Form 10-Q.
|
•
|
Washington County Gathering
. A producer has contracted with us to build an approximately 20 mile gas gathering system in southwestern Pennsylvania. The initial project went into service during the third quarter of 2015 and we expect to invest approximately $120 million through 2021.
|
•
|
Gibraltar Pipeline Project
. We expect to invest approximately $260 million to construct an approximately 1 MMDth/d dry gas header pipeline in southwest Pennsylvania. We expect this to be the first of multiple phases with an initial in-service date in the fourth quarter of 2016, and a final in-service date in the fourth quarter of 2017.
|
•
|
Utica Access Project
. We invested approximately $50 million to construct 4.7 miles of 24-inch pipeline to provide 205,000 Dth/d of new firm transportation to provide Appalachian production access to liquid trading points on Columbia Gas Transmission's system. This project was placed into service in the fourth quarter of 2016.
|
•
|
Leach XPress
. This project will provide approximately 1.5 MMDth/d of capacity from the Marcellus and Utica production regions to the Leach compressor station located on the Columbia Gulf system, TCO Pool, and other markets on the Columbia Gas Transmission system. We expect the project, which involves an estimated investment of $1.4 billion, to be placed into service in the fourth quarter of 2017.
|
•
|
Millennium Lateral.
We intend to invest approximately $20 million through our ownership stake in Millennium Pipeline to construct approximately 8 miles of 16-inch pipeline to a new power plant situated near Wawayanda, New York. This project will provide up to 127,000 Dth/d of new firm capacity and will be placed into service in the second quarter of 2017.
|
•
|
Rayne XPress
. This project will transport approximately 1 MMDth/d of southwest Marcellus and Utica production on the Columbia Gulf system from the Leach, Kentucky interconnect with Columbia Gas Transmission towards the Rayne compressor station in southern Louisiana to reach various Gulf Coast markets. We expect the project, which involves an estimated investment of $420 million, to be placed into service in the fourth quarter of 2017.
|
•
|
Cameron Access Project
. This project, which involves an investment of approximately $300 million, will provide 800,000 Dth/d of transportation capacity on the Columbia Gulf system to the Cameron LNG export terminal in Louisiana. We expect the project to be placed into service in the first quarter of 2018.
|
•
|
WB XPress
. This project, which involves an investment of approximately $0.9 billion, will expand Columbia Gas Transmission's WB system in order to transport approximately 1.3 MMDth/d of Marcellus production to pipeline interconnects and East Coast markets, including access to the Cove Point LNG terminal. We expect this project to be placed into service in the fourth quarter of 2018.
|
•
|
Mountaineer XPress
. This approximately $2.0 billion project will provide new takeaway capacity for Marcellus and Utica production. The project will provide up to 2.7 MMDth/d of firm transportation capacity on the Columbia Gas Transmission system. We expect this project to be placed into service in the fourth quarter of 2018.
|
•
|
Gulf XPress
. Gulf XPress will provide 860,000 Dth/d of firm transportation capacity for Marcellus and Utica production on the Columbia Gulf system. This project involves an investment of approximately $0.7 billion and is expected to be placed into service in the fourth quarter of 2018.
|
•
|
Central Virginia Connector.
This project will provide 45,000 Dth/d of firm transportation capacity on the Columbia Gas Transmission system to a new point of delivery in Virginia. This approximately $13 million project is expected to be placed into service in the fourth quarter of 2018.
|
•
|
Millennium Eastern System Upgrade
. We intend to invest approximately $135 million through our ownership stake in Millennium Pipeline to expand eastward flow capacity by 223,000 Dth/d to Ramapo and other nearby points on the system. We expect this project to be placed into service in the fourth quarter of 2018.
|
•
|
Following the Separation, we incur incremental general and administrative expenses as a result of being a public company.
|
•
|
Following the Separation, transactions between CPG and NiSource and its subsidiaries reflected in our historical consolidated financial statements as affiliated are reflected as unaffiliated.
|
•
|
In addition, prior to the Separation, we sold $2,750.0 million of senior unsecured notes. The net proceeds of $2,722.3 million from that offering were used to repay $1,087.3 million of intercompany debt and pay a $1,450.0 million special dividend to NiSource. As a result, interest expense incurred on intercompany debt will be eliminated and replaced with interest expense on our credit facilities and our notes.
|
•
|
We entered into a
$1,500.0 million
revolving credit facility, which became effective at the time of the Separation. As of On July 1, 2016, in connection with the Merger, all existing letters of credit were migrated to a TransCanada credit facility and the CPG revolving credit facility was terminated. As a result, CPG accelerated the amortization of
$4.3 million
of deferred costs associated with the revolving credit facility, which are included in interest expense for the three and
nine months ended
September 30, 2016
.
|
•
|
Subsequent to the completion of the Merger, we entered into a
$2,000.0 million
revolving credit facility with US Parent. As of
September 30, 2016
, we had
$250.0 million
in outstanding borrowings under the revolving credit facility. As a result, CPG will incur affiliated interest expense on outstanding borrowings under the credit facility.
|
•
|
CPG incurred additional costs as a result of the Merger. CPG incurred Merger transaction costs of
$43.1 million
and
$66.3 million
for the
three and nine months ended
September 30, 2016
, respectively, including legal, advisory and other related fees. Additionally CPG incurred employee related expenses of
$101.5 million
and an impairment charge of
$19.1 million
. These costs are included in "Operation and maintenance" and "Impairment of long-lived assets" on the Condensed Statements of Consolidated Operations (unaudited).
|
|
Three Months Ended
September 30, |
|
Nine Months Ended
September 30, |
||||||||||||
(in millions)
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
Operating Revenues
|
|
|
|
|
|
|
|
||||||||
Transportation revenues
|
$
|
270.3
|
|
|
$
|
266.2
|
|
|
$
|
838.2
|
|
|
$
|
752.4
|
|
Transportation revenues-affiliated
|
—
|
|
|
—
|
|
|
—
|
|
|
47.5
|
|
||||
Storage revenues
|
48.9
|
|
|
49.5
|
|
|
147.7
|
|
|
122.3
|
|
||||
Storage revenues-affiliated
|
—
|
|
|
—
|
|
|
—
|
|
|
26.2
|
|
||||
Other revenues
|
7.9
|
|
|
5.2
|
|
|
19.6
|
|
|
28.6
|
|
||||
Total Operating Revenues
|
327.1
|
|
|
320.9
|
|
|
1,005.5
|
|
|
977.0
|
|
||||
Operating Expenses
|
|
|
|
|
|
|
|
||||||||
Operation and maintenance
|
322.9
|
|
|
186.5
|
|
|
671.9
|
|
|
456.0
|
|
||||
Operation and maintenance-affiliated
|
—
|
|
|
—
|
|
|
—
|
|
|
52.9
|
|
||||
Depreciation and amortization
|
43.6
|
|
|
35.0
|
|
|
125.2
|
|
|
101.4
|
|
||||
Gain on sale of assets
|
(9.3
|
)
|
|
(39.0
|
)
|
|
(15.3
|
)
|
|
(52.6
|
)
|
||||
Impairment of long-lived assets
|
19.1
|
|
|
0.6
|
|
|
19.1
|
|
|
2.4
|
|
||||
Property and other taxes
|
19.8
|
|
|
17.3
|
|
|
62.6
|
|
|
55.5
|
|
||||
Total Operating Expenses
|
396.1
|
|
|
200.4
|
|
|
863.5
|
|
|
615.6
|
|
||||
Equity Earnings in Unconsolidated Affiliates
|
16.0
|
|
|
15.4
|
|
|
48.2
|
|
|
44.5
|
|
||||
Operating (Loss) Income
|
(53.0
|
)
|
|
135.9
|
|
|
190.2
|
|
|
405.9
|
|
||||
Other Income (Deductions)
|
|
|
|
|
|
|
|
||||||||
Interest expense
|
(31.4
|
)
|
|
(29.4
|
)
|
|
(91.4
|
)
|
|
(42.3
|
)
|
||||
Interest expense-affiliated
|
(0.5
|
)
|
|
—
|
|
|
(0.5
|
)
|
|
(29.3
|
)
|
||||
Other, net
|
13.7
|
|
|
6.7
|
|
|
30.5
|
|
|
16.6
|
|
||||
Total Other Deductions, net
|
(18.2
|
)
|
|
(22.7
|
)
|
|
(61.4
|
)
|
|
(55.0
|
)
|
||||
(Loss) Income from Continuing Operations before Income Taxes
|
(71.2
|
)
|
|
113.2
|
|
|
128.8
|
|
|
350.9
|
|
||||
Income Taxes
|
(21.6
|
)
|
|
38.3
|
|
|
43.2
|
|
|
118.8
|
|
||||
(Loss) Income from Continuing Operations
|
(49.6
|
)
|
|
74.9
|
|
|
85.6
|
|
|
232.1
|
|
||||
(Loss) Income from Discontinued Operations-net of taxes
|
—
|
|
|
(0.1
|
)
|
|
0.2
|
|
|
(0.4
|
)
|
||||
Net (Loss) Income
|
(49.6
|
)
|
|
74.8
|
|
|
85.8
|
|
|
$
|
231.7
|
|
|||
Less: Net income attributable to noncontrolling interest
|
2.9
|
|
|
11.8
|
|
|
27.2
|
|
|
27.9
|
|
||||
Net (loss) income attributable to CPG
|
$
|
(52.5
|
)
|
|
$
|
63.0
|
|
|
$
|
58.6
|
|
|
$
|
203.8
|
|
Throughput (MMDth)
|
|
|
|
|
|
|
|
||||||||
Columbia Gas Transmission
|
378.4
|
|
|
284.3
|
|
|
1,298.7
|
|
|
1,096.7
|
|
||||
Columbia Gulf
|
138.9
|
|
|
137.5
|
|
|
408.0
|
|
|
420.5
|
|
||||
Crossroads
|
3.2
|
|
|
3.1
|
|
|
11.3
|
|
|
11.7
|
|
||||
Total
|
520.5
|
|
|
424.9
|
|
|
1,718.0
|
|
|
1,528.9
|
|
•
|
cash on hand;
|
•
|
cash generated from our operations;
|
•
|
our
$2,000.0 million
revolving credit facility with US Parent;
|
•
|
long-term intercompany debt offering with US Parent; and
|
•
|
CPPL equity offerings.
|
|
Nine Months Ended
September 30, |
||||||
(in millions)
|
2016
|
|
2015
|
||||
Net cash from operating activities
|
$
|
253.0
|
|
|
$
|
414.2
|
|
Net cash used for investing activities
|
(1,086.7
|
)
|
|
(642.6
|
)
|
||
Net cash from financing activities
|
35.4
|
|
|
291.7
|
|
(2.1)
|
Agreement and Plan of Merger dated as of November 1, 2016, by and among Columbia Pipeline Group, Inc., Columbia Pipeline Partners L.P., MLP GP and Pony Merger Sub LLC (Incorporated by reference to Exhibit 2.1 to our Current Report on Form 8-K, File No. 001-36838, filed on November 2, 2016).
|
|
|
(3.1)
|
Second Restated Certificate of Incorporation of Columbia Pipeline Group, Inc. (Incorporated by reference to Exhibit 3.1 to the Columbia Pipeline Group, Inc. Quarterly Report on Form 10-Q (File No. 001-36838) filed on August 2, 2016).
|
|
|
(3.2)
|
Bylaws of Targus Merger Sub Inc. (Incorporated by reference to Exhibit 3.2 to the Columbia Pipeline Group, Inc. Quarterly Report on Form 10-Q (File No. 001-36838) filed on August 2, 2016).
|
|
|
(31.1)*
|
Certification of Chief Executive Officer, pursuant to Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|
|
(31.2)*
|
Certification of Chief Financial Officer, pursuant to Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|
|
(32.1)**
|
Certification of Chief Executive Officer, pursuant to 18. U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|
|
|
(32.2)**
|
Certification of Chief Financial Officer, pursuant to 18. U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|
|
|
(101.INS)*
|
XBRL Instance Document
|
|
|
(101.SCH)*
|
XBRL Schema Document
|
|
|
(101.CAL)*
|
XBRL Calculation Linkbase Document
|
|
|
(101.LAB)*
|
XBRL Labels Linkbase Document
|
|
|
(101.PRE)*
|
XBRL Presentation Linkbase Document
|
|
|
(101.DEF)*
|
XBRL Definition Linkbase Document
|
|
|
|
Columbia Pipeline Group, Inc.
|
|
|
|
(Registrant)
|
|
|
|
|
Date:
|
November 1, 2016
|
By:
|
/s/ Nathaniel A. Brown
|
|
|
|
Nathaniel A. Brown
|
|
|
|
Controller and Principal Financial Officer
(Principal Accounting Officer and Duly Authorized Officer)
|
1 Year Columbia Pipeline Grp., Inc. Chart |
1 Month Columbia Pipeline Grp., Inc. Chart |
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