Business Segments

2 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Business Segments

BUSINESS SEGMENTS

Effective with the consummation of the Acquisition, our reportable segments changed to one segment, Gas Utilities and Infrastructure, based on information used by the chief decision maker in allocating resources and evaluating performance. Gas Utilities and Infrastructure, includes local gas distribution as state regulated utilities, gas pipeline investments and other gas investments. We evaluate the performance of the gas distribution business, including the operations of merchandising and its related service work and home service agreements, based on segment income, which is defined as income from continuing operations. Although the state regulated operations of our Gas Utilities and Infrastructure segment are located in three states under the jurisdiction of individual state regulatory commissions, the operations are managed as one unit having similar economic and risk characteristics.

The remainder of our operations are presented in Other, which is primarily composed of our equity method investment in SouthStar Energy Services, LLC prior to its October 3, 2016 sale, contributions to the Piedmont Natural Gas Foundation and certain Acquisition-related expenses.

Operations by segment for the two months ended December 31, 2016 and 2015, and segment assets as of December 31, 2016, are presented below. Segment assets as presented below exclude all intercompany assets.

	Two Months Ended December 31, 2016
	Gas
	Utilities and
(in millions)	Infrastructure		Other			Total
Unaffiliated revenues	$	308.2	$	—		$	308.2
Related party revenue from Duke Energy	13.5		—			13.5
Total revenues	$	321.7	$	—		$	321.7
Segment income (loss)	59.2		(5.1		)	54.1
Segment assets	5,944.1		—			5,944.1
	Two Months Ended December 31, 2015
	Gas
	Utilities and
(in millions)	Infrastructure		Other			Total
Total revenues	$	259.6	$	—		$	259.6
Segment income (loss)	57.1		(5.1		)	52.0