XML 24 R12.htm IDEA: XBRL DOCUMENT v3.23.2
ACQUISITION
6 Months Ended
Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
ACQUISITION ACQUISITION
TRES PALACIOS HOLDINGS LLC
On April 3, 2023, we acquired Tres Palacios Holdings LLC (Tres Palacios) for US$335 million of cash. Tres Palacios is a natural gas storage facility located in the US Gulf Coast and its infrastructure serves Texas gas-fired power generation and liquefied natural gas exports, as well as Mexico pipeline exports.

We allocated assets with a fair value of US$588 million to Property, plant and equipment, net, of which US$189 million relates to storage cavern right-of-use assets, and recorded the related lease liabilities of US$5 million and US$184 million to Current portion of long-term debt and Long-term debt, respectively, in the Consolidated Statements of Financial Position. The acquired assets are included in our Gas Transmission and Midstream segment.