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Revenue Recognition Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2020
Revenue Recognition [Abstract]  
Contract with Customer, Asset and Liability [Table Text Block]
The following table presents a reconciliation of our contract liabilities:
 
Three months ended June 30, 2020

Six months ended June 30, 2020

 
(Thousands)
Balance at beginning of period
$
5,251

$
5,464

Recognized in Revenue
(212
)
(425
)
Balance at end of period
$
5,039

$
5,039


Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]
Remaining Performance Obligations
Our remaining performance obligations 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. Certain of our contracts contain evergreen provisions for periods beyond the initial term of the contract. The remaining performance obligations as of June 30, 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 June 30, 2020.
 
Contract Liabilities
Remaining Performance Obligations
 
(Thousands)
2020 (remainder)
$
430

$
215,460

2021
938

421,614

2022
1,029

403,146

2023
1,119

365,540

2024
1,218

335,415

Thereafter
305

2,975,288

Total
$
5,039

$
4,716,463