Revenue Recognition Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2020

Contract with Customer, Asset and Liability [Table Text Block]

The following table presents a reconciliation of our contract liabilities:



	March 31, 2020
	(Thousands)
Balance at beginning of period	$	5,464
Recognized in Revenue	(213		)
Balance at end of period	$	5,251

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]

The following table presents the transaction price allocated to the remaining performance obligations under certain contracts as of March 31, 2020. These primarily include reservation charges on contracted capacity on our firm transportation and storage contracts with customers. Amounts from certain contracts included in the table below, which are subject to the periodic review and approval by the Federal Energy Regulatory Commission (FERC), reflect the rates for such services in our current FERC tariffs for the life of the related contracts; however, these rates may change based on future rate cases or settlements approved by the FERC and the amount and timing of these changes is not currently known. This table excludes the variable consideration component for commodity charges that will be recognized in future periods. Certain of our contracts contain evergreen provisions for periods beyond the initial term of the contract. The remaining performance obligations as of March 31, 2020, do not consider potential future performance obligations for which the renewal has not been exercised. The table below also does not include contracts with customers for which the underlying facilities have not received FERC authorization to be placed into service.

The following table presents the amount of the contract liabilities balance expected to be recognized as revenue when performance obligations are satisfied and the transaction price allocated to the remaining performance obligations under certain contracts as of March 31, 2020.



	Contract Liabilities		Remaining Performance Obligations
	(Thousands)
2020	$	642	$	320,925
2021	938		415,231
2022	1,029		396,834
2023	1,119		363,588
2024	1,218		333,463
Thereafter	305		2,888,950
Total	$	5,251	$	4,718,991