4. SEGMENT INFORMATION

	Three months ended June 30, 2017
	Liquids			Natural Gas⁽¹⁾			Other			Consolidated⁽²⁾
	(in millions)
Operating revenues:⁽³⁾
Transportation and other services	$	596.5		$	—		$	—		$	596.5
		596.5			—			—			596.5
Operating expenses:
Environmental costs, net of recoveries		3.5			—			—			3.5
Operating and administrative		153.5			—			4.8			158.3
Power		66.4			—			—			66.4
Depreciation and amortization		108.3			—			—			108.3
Gain on sale of assets		(51.5	)		—			—			(51.5	)
		280.2			—			4.8			285.0
Operating income (loss)	$	316.3		$	—		$	(4.8	)	$	311.5
Interest expense, net											(102.8	)
Allowance for equity used during construction											10.7
Other income⁽⁴⁾											11.4
Income from continuing operations before income tax benefit											230.8
Income tax benefit											1.6
Income from continuing operations											232.4
Income (loss) from discontinued operations		—			(41.4	)		6.0			(35.4	)
Net income										$	197.0

⁽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 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 three months ended June 30, 2017.

⁽⁴⁾

Other income includes our equity income for our Liquids segment from our investment in the Bakken Pipeline System.

	Three months ended June 30, 2016
	Liquids		Natural Gas⁽¹⁾			Other			Consolidated⁽²⁾
	(in millions)
Operating revenues:⁽³⁾
Transportation and other services	$	621.3	$	—		$	—			621.3
		621.3		—			—			621.3
Operating expenses:
Environmental costs, net of recoveries		0.1		—			—			0.1
Operating and administrative		132.1		—			2.0			134.1
Power		59.7		—			—			59.7
Depreciation and amortization		104.9		—			—			104.9
		296.8		—			2.0			298.8
Operating income (loss)	$	324.5	$	—		$	(2.0	)	$	322.5
Interest expense, net										(93.3	)
Allowance for equity used during construction										13.3
Other income										0.2
Income from continuing operations before income tax expense										242.7
Income tax expense										(2.0	)
Income from continuing operations										240.7
Loss from discontinued operations		—		(53.5	)		(9.5	)		(63.0	)
Net income									$	177.7

⁽¹⁾

⁽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 three months ended June 30, 2016.

	Six months ended June 30, 2017
	Liquids			Natural Gas⁽¹⁾			Other			Consolidated⁽²⁾
	(in millions)
Operating revenues:⁽³⁾
Transportation and other services	$	1,201.2		$	—		$	—		$	1,201.2
		1,201.2			—			—			1,201.2
Operating expenses:
Environmental costs, net of recoveries		13.8			—			—			13.8
Operating and administrative		304.0			—			7.4			311.4
Power		140.9			—			—			140.9
Depreciation and amortization		217.1			—			—			217.1
Gain on sale of asset		(62.1	)		—			—			(62.1	)
		613.7			—			7.4			621.1
Operating income (loss)	$	587.5		$	—		$	(7.4	)	$	580.1
Interest expense, net											(201.7	)
Allowance for equity used during construction											21.0
Other income⁽⁴⁾											11.4
Income from continuing operations before income tax benefit											410.8
Income tax benefit											0.5
Income from continuing operations											411.3
Loss from discontinued operations	$	—		$	(51.1	)	$	(5.7	)	$	(56.8	)
Net income										$	354.5

⁽¹⁾

⁽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 six months ended June 30, 2017.

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

	Six months ended June 30, 2016
	Liquids		Natural Gas⁽¹⁾			Other			Consolidated⁽²⁾
	(in millions)
Operating revenues:⁽³⁾
Transportation and other services	$	1,251.0	$	—		$	—		$	1,251.0
		1,251.0		—			—			1,251.0
Operating expenses:
Environmental costs, net of recoveries		17.0		—			—			17.0
Operating and administrative		269.3		—			7.1			276.4
Power		132.5		—			—			132.5
Depreciation and amortization		206.3		—			—			206.3
		625.1		—			7.1			632.2
Operating income (loss)	$	625.9	$	—		$	(7.1	)	$	618.8
Interest expense, net										(197.8	)
Allowance for equity used during construction										25.6
Other income										0.4
Income from continuing operations before income tax expense										447.0
Income tax expense										(3.6	)
Income from continuing operations										443.4
Loss from discontinued operations		—		(76.3	)		(17.0	)		(93.3	)
Net income									$	350.1

⁽¹⁾

⁽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 six months ended June 30, 2016.

Total Assets	June 30, 2017		December 31, 2016⁽¹⁾
Liquids	$	14,661.5	$	13,030.5
Natural Gas		—		—
Other		5.9		165.6
Total	$	14,667.4	$	13,196.1

⁽¹⁾

Comparative information excludes assets from discontinued operations. See Note 6 Dispositions and Discontinued Operations.