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OTHER LIABILITIES
 12 Months Ended
Dec. 31, 2016
OTHER LIABILITIES  
OTHER LIABILITIES

NOTE 8    OTHER LIABILITIES

                                                                                                                                                                                    


December 31 (millions of dollars)

 
2016 

 
2015 

 

Regulatory liabilities

 
25 

 
24 

 

Other liabilities

 
3 

 
3 

 

 

 
28 

 
27 

 

The Partnership collects estimated future removal costs related to its transmission and gathering facilities in its current rates and recognizes regulatory liabilities in this respect in the balance sheet. Estimated costs associated with the future removal of transmission and gathering facilities are collected through depreciation as allowed by FERC. These amounts do not represent asset retirement obligations as defined by FASB ASC 410, Accounting for Asset Retirement Obligations.