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ASSET RETIREMENT OBLIGATION: (Tables)
9 Months Ended
Sep. 30, 2014
ASSET RETIREMENT OBLIGATION:  
Summary of the asset retirement obligation activity

The following table summarizes the asset retirement obligation activity for the nine months ended September 30, 2014 and 2013 (in millions):

 

 

 

2014

 

2013

 

 

 

 

 

 

 

Balance as of January 1

 

$

124.8

 

$

122.3

 

Changes in estimates

 

26.7

 

 

Closure payments

 

(8.1

)

(2.3

)

Accretion expense

 

5.8

 

6.7

 

Balance as of September 30,

 

$

149.2

 

$

126.7