4. SEGMENT INFORMATION



	Three months ended September 30, 2017
	Liquids				Natural Gas		Other			Consolidated⁽¹⁾

	(in millions)
Operating revenues:⁽²⁾
Transportation and other services	$	616.4			$	—	$	—		$	616.4
	616.4				—		—			616.4
Operating expenses:
Environmental costs, net of recoveries	1.2				—		—			1.2
Operating and administrative	160.9				—		1.7			162.6
Power	80.1				—		—			80.1
Depreciation and amortization	111.8				—		—			111.8
Gain on sale of assets	(5.5		)		—		—			(5.5		)
	348.5				—		1.7			350.2
Operating income (loss)	267.9				—		(1.7		)	266.2
Interest expense, net										(104.1		)
Allowance for equity used during construction										12.2
Other income	21.7			⁽³⁾	—		0.1			21.8
Income before income taxes										196.1
Income tax expense										(0.1		)
Net income										$	196.0

____________________


(1)	Certain costs that are not allocated to individual segments, including Other, interest expense, allowance for equity used during construction and income taxes are included in the consolidated total.


(2)	There were no intersegment revenues for the three months ended September 30, 2017.


(3)	Other income includes our equity income from our investment in the Bakken Pipeline System.



	Three months ended September 30, 2016
	Liquids			Natural Gas⁽¹⁾			Other			Consolidated⁽²⁾

	(in millions)
Operating revenues:⁽³⁾
Transportation and other services	$	634.6		$	—		$	—		$	634.6
	634.6			—			—			634.6
Operating expenses:
Environmental costs, net of recoveries	(8.7		)	—			—			(8.7		)
Operating and administrative	149.7			—			2.3			152.0
Power	74.3			—			—			74.3
Depreciation and amortization	109.4			—			—			109.4
Asset impairment	756.7			—			—			756.7
	1,081.4			—			2.3			1,083.7
Operating loss	(446.8		)	—			(2.3		)	(449.1		)
Interest expense, net										(103.4		)
Allowance for equity used during construction										10.0
Other income										0.6
Loss from continuing operations before income taxes										(541.9		)
Income tax expense										(1.6		)
Loss from continuing operations										(543.5		)
Loss from discontinued operations	—			(20.6		)	(10.5		)	(31.1		)
Net loss										$	(574.6	)

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(1)	The operating results of our Natural Gas segment are included in discontinued operations as a result of the Midcoast sale to our General Partner. For further information refer to Note 6 - Dispositions, Asset Impairment and Discontinued Operations.


(2)	Certain costs that are not allocated to individual segments, including Other, interest expense, allowance for equity used during construction, other income and income taxes are included in the consolidated total.


(3)	There were no intersegment revenues for the three months ended September 30, 2016.



	Nine months ended September 30, 2017
	Liquids				Natural Gas⁽¹⁾			Other			Consolidated⁽²⁾

	(in millions)
Operating revenues:⁽³⁾
Transportation and other services	$	1,817.6			$	—		$	—		$	1,817.6
	1,817.6				—			—			1,817.6
Operating expenses:
Environmental costs, net of recoveries	15.0				—			—			15.0
Operating and administrative	464.9				—			9.1			474.0
Power	221.0				—			—			221.0
Depreciation and amortization	328.9				—			—			328.9
Gain on sale of assets	(67.6		)		—			—			(67.6		)
	962.2				—			9.1			971.3
Operating income (loss)	855.4				—			(9.1		)	846.3
Interest expense, net											(305.8		)
Allowance for equity used during construction											33.2
Other income	28.1			⁽⁴⁾	—			5.1			33.2
Income from continuing operations before income tax benefit											606.9
Income tax benefit											0.4
Income from continuing operations											607.3
Loss from discontinued operations	—				(51.1		)	(5.7		)	(56.8		)
Net income											$	550.5

_____________________


(1)	The operating results of our Natural Gas segment are included in discontinued operations as a result of the Midcoast sale to our General Partner. For further information refer to Note 6 - Dispositions, Asset Impairment and Discontinued Operations.


(2)	Certain costs that are not allocated to individual segments, including Other, interest expense, allowance for equity used during construction and income taxes are included in the consolidated total.


(3)	There were no intersegment revenues for the nine months ended September 30, 2017.


(4)	Other income includes our equity income from our investment in the Bakken Pipeline System.



	Nine months ended September 30, 2016
	Liquids		Natural Gas⁽¹⁾			Other			Consolidated⁽²⁾

	(in millions)
Operating revenues:⁽³⁾
Transportation and other services	$	1,885.6	$	—		$	—		$	1,885.6
	1,885.6		—			—			1,885.6
Operating expenses:
Environmental costs, net of recoveries	8.3		—			—			8.3
Operating and administrative	418.6		—			9.4			428.0
Power	206.8		—			—			206.8
Depreciation and amortization	315.7		—			—			315.7
Asset impairment	757.1		—			—			757.1
	1,706.5		—			9.4			1,715.9
Operating income (loss)	179.1		—			(9.4		)	169.7
Interest expense, net									(301.2		)
Allowance for equity used during construction									35.7
Other income									0.9
Loss from continuing operations before income taxes									(94.9		)
Income tax expense									(5.2		)
Loss from continuing operations									(100.1		)
Loss from discontinued operations	—		(96.9		)	(27.5		)	(124.4		)
Net loss									$	(224.5	)

_____________________


(1)	The operating results of our Natural Gas segment are included in discontinued operations as a result of the Midcoast sale to our General Partner. For further information refer to Note 6 - Dispositions, Asset Impairment and Discontinued Operations.


(2)	Certain costs that are not allocated to individual segments, including Other, interest expense, allowance for equity used during construction, other income and income taxes are included in the consolidated total.


(3)	There were no intersegment revenues for the nine months ended September 30, 2016.

_____________________


(1)	Comparative information excludes assets from discontinued operations. See Note 6 - Dispositions, Asset Impairment and Discontinued Operations.