10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2024

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____________ to _____________

Commission file number 1-7414

Northwest Pipeline LLC

(Exact name of registrant as specified in its charter)

Delaware	26-1157701
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
One Williams Center
Tulsa, Oklahoma	74172-0172
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (800) 945-5426

NO CHANGE

(Former name, former address, and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes  þ    No  ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  þ    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ¨ Accelerated filer ¨ Non-accelerated filer þ Smaller reporting company ☐ Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ☐    No  þ

THE REGISTRANT MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTIONS H(1)(a) AND (b) OF FORM 10-Q AND IS THEREFORE FILING THIS FORM 10-Q WITH THE REDUCED DISCLOSURE FORMAT.

Northwest Pipeline LLC

Index

	Page
Part I. Financial Information
Item 1. Financial Statements
Statement of Net Income – Three and Six Months Ended June 30, 2024 and 2023	4
Balance Sheet – June 30, 2024 and December 31, 2023	5
Statement of Changes in Member’s Equity – Three and Six Months Ended June 30, 2024 and 2023	7
Statement of Cash Flows – Six Months Ended June 30, 2024 and 2023	8
Notes to Financial Statements	9
Note 1 – Basis of Presentation	9
Note 2 – Revenue Recognition	9
Note 3 – Rate and Regulatory Matters	11
Note 4 – Contingent Liabilities and Commitments	11
Note 5 – Debt and Financing Arrangements	13
Note 6 – Fair Value Measurements	13
Note 7 – Transactions with Affiliates	13
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	15
Item 4. Controls and Procedures	16
Part II. Other Information	16
Item 1. Legal Proceedings	16
Item 1A. Risk Factors	17
Item 6. Exhibits	18

FORWARD-LOOKING STATEMENTS

The reports, filings, and other public announcements of Northwest Pipeline LLC may contain or incorporate by reference statements that do not directly or exclusively relate to historical facts. Such statements are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act). These forward-looking statements relate to anticipated financial performance, management’s plans and objectives for future operations, business prospects, outcome of regulatory proceedings, market conditions, and other matters.

All statements, other than statements of historical facts, included in this report that address activities, events, or developments that we expect, believe, or anticipate will exist or may occur in the future are forward-looking statements. Forward-looking statements can be identified by various forms of words such as “anticipates,” “believes,” “seeks,” “could,” “may,” “should,” “continues,” “estimates,” “expects,” “forecasts,” “intends,” “might,” “goals,” “objectives,” “targets,” “planned,” “potential,” “projects,” “scheduled,” “will,” “assumes,” “guidance,” “outlook,” “in-service date,” or other similar expressions. These forward-looking statements are based on management’s beliefs and assumptions and on information currently available to management and include, among others, statements regarding:

•Our and our affiliates’ future credit ratings;

•Amounts and nature of future capital expenditures;

•Expansion and growth of our business and operations;

•Expected in-service dates for capital projects;

1

•Financial condition and liquidity;

•Business strategy;

•Cash flow from operations or results of operations;

•Rate case filings;

•Natural gas prices, supply, and demand; and

•Demand for our services.

Forward-looking statements are based on numerous assumptions, uncertainties, and risks that could cause future events or results to be materially different from those stated or implied in this report. Many of the factors that will determine these results are beyond our ability to control or predict. Specific factors that could cause actual results to differ from results contemplated by the forward-looking statements include, among others, the following:

•The impact of operational and developmental hazards and unforeseen interruptions;

•Development and rate of adoption of alternative energy sources;

•The strength and financial resources of our competitors and the effects of competition;

•Availability of supplies, including lower than anticipated volumes from third parties, and market demand;

•Volatility of pricing including the effect of lower than anticipated energy commodity prices;

•Changes in maintenance and construction costs, as well as our ability to obtain sufficient construction-related inputs, including skilled labor;

•The impact of existing and future laws and regulations, the regulatory environment, environmental matters, and litigation, as well as our ability and the ability of other energy companies, with whom we conduct or seek to conduct business, to obtain necessary permits and approvals, and our ability to achieve favorable rate proceeding outcomes;

•Increasing scrutiny and changing expectations from stakeholders with respect to our environmental, social, and governance practices;

•The physical and financial risks associated with climate change;

•Our exposure to the credit risk of our customers and counterparties;

•Our ability to successfully expand our facilities and operations;

•Whether we are able to successfully identify, evaluate, and timely execute our capital projects and investment opportunities;

•Risks related to financing, including restrictions stemming from debt agreements, future changes in credit ratings as determined by nationally recognized credit rating agencies, and the availability and cost of capital;

2

•Inflation, interest rates, and general economic conditions (including future disruptions and volatility in the global credit markets and the impact of these events on customers and suppliers);

•Our costs for defined benefit pension plans and other postretirement benefit plans sponsored by our affiliates;

•The risks resulting from outbreaks or other public health crises;

•Changes in the current geopolitical situation, including the Russian invasion of Ukraine and conflicts in the Middle East including between Israel and Hamas and conflicts involving Iran and its proxy forces;

•Changes in U.S. governmental administration and policies;

•Risks associated with weather and natural phenomena, including climate conditions and physical damage to our facilities;

•Acts of terrorism, cybersecurity incidents, and related disruptions; and

•Additional risks described in our filings with the Securities and Exchange Commission (SEC).

Given the uncertainties and risk factors that could cause our actual results to differ materially from those contained in any forward-looking statement, we caution investors not to unduly rely on our forward-looking statements. We disclaim any obligations to and do not intend to update the above list or announce publicly the result of any revisions to any of the forward-looking statements to reflect future events or developments.

In addition to causing our actual results to differ, the factors listed above and referred to below may cause our intentions to change from those statements of intention set forth in this report. Such changes in our intentions may also cause our results to differ. We may change our intentions, at any time and without notice, based upon changes in such factors, our assumptions, or otherwise.

Because forward-looking statements involve risks and uncertainties, we caution that there are important factors, in addition to those listed above, that may cause actual results to differ materially from those contained in the forward-looking statements. For a detailed discussion of those factors, see Part I, Item 1A. Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 21, 2024, as may be supplemented by disclosures in Part II, Item 1A. Risk Factors in subsequent Quarterly Reports on Form 10-Q.

3

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

Northwest Pipeline LLC

Statement of Net Income

(Unaudited)

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(Thousands)
Operating Revenues:
Natural gas transportation	$	99,503	$	100,459	$	209,367	$	206,555
Natural gas storage	4,242		4,563		7,960		8,038
Other	1,792		2,366		4,981		5,191
Total operating revenues	105,537		107,388		222,308		219,784
Operating Expenses:
Operation and maintenance	23,289		20,158		45,413		39,674
General and administrative	11,942		12,495		23,571		25,353
Depreciation and amortization	27,007		28,176		54,472		56,053
Taxes, other than income taxes	3,355		4,017		6,825		7,636
Other (income) expense, net	(4,282)		(4,437)		(8,175)		(9,009)
Total operating expenses	61,311		60,409		122,106		119,707
Operating Income	44,226		46,979		100,202		100,077
Other (Income) and Other Expenses:
Interest expense	6,802		6,790		13,941		14,220
Allowance for equity and borrowed funds used during construction (AFUDC)	(2,533)		(536)		(4,159)		(1,382)
Miscellaneous other (income) expense, net	(2,485)		(2,167)		(5,117)		(4,691)
Total other (income) and other expenses	1,784		4,087		4,665		8,147
Net Income	$	42,442	$	42,892	$	95,537	$	91,930

See accompanying notes.

4

Northwest Pipeline LLC

Balance Sheet

(Unaudited)

	June 30, 2024		December 31, 2023
	(Thousands)
ASSETS
Current Assets:
Cash	$	—	$	—
Receivables:
Advances to affiliate	129,825		157,776
Trade	34,110		39,080
Affiliates	525		1,375
Other	547		1,485
Materials and supplies, at average cost	7,765		7,759
Exchange gas receivables	1,543		3,165
Regulatory assets	2,416		2,054
Other	2,027		1,801
Total current assets	178,758		214,495
Property, plant and equipment	4,072,175		3,974,900
Less-Accumulated depreciation and amortization	2,069,444		2,026,007
Total property, plant and equipment, net	2,002,731		1,948,893
Other Long-Term Assets:
Regulatory assets	39,950		35,796
Right-of-use assets	6,235		8,725
Deferred charges and other	21,702		19,450
Total long-term other assets	67,887		63,971
Total assets	$	2,249,376	$	2,227,359

(continued)

See accompanying notes.

5

Northwest Pipeline LLC

Balance Sheet

(Unaudited)

	June 30, 2024		December 31, 2023
	(Thousands)
LIABILITIES AND MEMBER’S EQUITY
Current Liabilities:
Payables:
Trade	$	55,439	$	47,822
Affiliates	8,058		12,780
Accrued liabilities:
Exchange gas payables	5,514		5,553
Regulatory liabilities	19,737		21,374
Taxes, other than income taxes	6,446		7,388
Interest	5,505		5,505
Customer advances	8,641		5,016
Other	14,320		10,588
Total current liabilities	123,660		116,026
Long-Term Debt	581,742		581,178
Other Long-Term Liabilities:
Regulatory liabilities	242,651		252,272
Asset retirement obligations	139,953		136,263
Lease liability	7,224		7,193
Other	913		1,231
Total other long-term liabilities	390,741		396,959
Contingent Liabilities and Commitments (Note 4)
Member’s Equity:
Member’s capital	1,073,892		1,073,892
Retained earnings	79,341		59,304
Total member’s equity	1,153,233		1,133,196
Total liabilities and member’s equity	$	2,249,376	$	2,227,359

See accompanying notes.

6

Northwest Pipeline LLC

Statement of Changes in Member’s Equity

(Unaudited)

	Three Months Ended June 30,
	2024		2023
	(Thousands)
Member’s Capital:
Balance at beginning and end of period	$	1,073,892	$	1,073,892
Retained Earnings:
Balance at beginning of period	79,399		47,623
Net income	42,442		42,892
Cash distributions to parent	(42,500)		(62,000)
Balance at end of period	79,341		28,515
Total Member’s Equity	$	1,153,233	$	1,102,407
	Six Months Ended June 30,
	2024		2023
	(Thousands)
Member’s Capital:
Balance at beginning and end of period	$	1,073,892	$	1,073,892
Retained Earnings:
Balance at beginning of period	59,304		34,385
Net income	95,537		91,930
Cash distributions to parent	(75,500)		(97,800)
Balance at end of period	79,341		28,515
Total Member’s Equity	$	1,153,233	$	1,102,407

See accompanying notes.

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Northwest Pipeline LLC

Statement of Cash Flows

(Unaudited)

	Six Months Ended June 30,
	2024		2023
	(Thousands)
OPERATING ACTIVITIES:
Net income	$	95,537	$	91,930
Adjustments to reconcile net cash provided (used) by operating activities:
Depreciation and amortization	54,472		56,053
Allowance for equity funds used during construction (equity AFUDC)	(3,413)		(1,134)
Changes in current assets and liabilities:
Trade and other accounts receivable	5,908		5,159
Affiliate receivables	850		207
Materials and supplies	(6)		6
Regulatory assets	(171)		(71)
Other current assets	(248)		1,175
Trade accounts payable	(2,360)		(1,126)
Affiliate payables	(4,722)		(3,013)
Regulatory liabilities	(4)		(125,505)
Other accrued liabilities	2,791		(370)
Other, including changes in long-term assets and liabilities:
Other, net	(13,295)		(22,050)
Net cash provided (used) by operating activities	135,339		1,261
FINANCING ACTIVITIES:
Cash distributions to parent	(75,500)		(97,800)
Net cash provided (used) by financing activities	(75,500)		(97,800)
INVESTING ACTIVITIES:
Property, plant and equipment:
Capital expenditures (1)	(93,501)		(40,133)
Contributions and advances for construction costs	6,375		2,804
Disposal of property, plant and equipment, net	(664)		(2,368)
Advances to affiliate, net	27,951		136,236
Net cash provided (used) by investing activities	(59,839)		96,539
Increase (decrease) in cash	—		—
Cash at beginning of period	—		—
Cash at end of period	$	—	$	—
____________________________________
(1) Increases to property, plant and equipment, exclusive of equity AFUDC	$	(100,741)	$	(37,377)
Changes in related accounts payable and accrued liabilities	7,240		(2,756)
Capital expenditures	$	(93,501)	$	(40,133)

See accompanying notes.

8

Northwest Pipeline LLC

Notes to Financial Statements

(Unaudited)

Note 1 – Basis of Presentation

In this report, Northwest Pipeline LLC (Northwest) is at times referred to in the first person as “we,” “us,” or “our.”

Northwest is indirectly owned by The Williams Companies, Inc. (Williams), a publicly traded Delaware corporation. We own and operate an interstate natural gas pipeline system that is regulated by the Federal Energy Regulatory Commission (FERC).

General

Our accompanying interim financial statements do not include all the notes in our annual financial statements and, therefore, should be read in conjunction with our financial statements and notes thereto for the year ended December 31, 2023, in our Annual Report on Form 10-K. The accompanying unaudited financial statements include all normal recurring adjustments and others that, in the opinion of management, are necessary to present fairly our interim financial statements.

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in our financial statements and accompanying notes. Actual results could differ from those estimates.

Note 2 – Revenue Recognition

Revenue by Category

Our revenue disaggregation by major service line includes Natural gas transportation, Natural gas storage, and Other, which are separately presented on the Statement of Net Income.

Contract Assets

The following table presents a reconciliation of our contract assets:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
	(Thousands)
Balance at beginning of period	$	17,882	$	13,554	$	16,806	$	12,490
Revenue recognized in excess of amounts invoiced	1,076		1,076		2,152		2,140
Balance at end of period	$	18,958	$	14,630	$	18,958	$	14,630

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Notes (Continued) Table of Contents

Contract Liabilities

The following table presents a reconciliation of our contract liabilities:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
	(Thousands)
Balance at beginning of period	$	1,175	$	2,353	$	1,468	$	2,643
Recognized in revenue	(293)		(293)		(586)		(583)
Balance at end of period	$	882	$	2,060	$	882	$	2,060

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 periodic review and approval by the 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. This table excludes the variable consideration component for commodity charges. Certain of our contracts contain evergreen and other renewal provisions for periods beyond the initial term of the contract. The remaining performance obligations as of June 30, 2024 do not consider potential future performance obligations for which the renewal has not been exercised and exclude 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, 2024.

	Contract Liabilities		Remaining Performance Obligations
	(Thousands)
2024 (six months)	$	592	$	192,530
2025 (one year)	290		384,766
2026 (one year)	—		363,957
2027 (one year)	—		353,204
2028 (one year)	—		346,683
Thereafter	—		2,253,106
Total	$	882	$	3,894,246

Accounts Receivable

Receivables from contracts with customers are included within Receivables - Trade and Receivables - Affiliates, and receivables that are not related to contracts with customers are included within the balance of Receivables - Advances to affiliate and Receivables - Other on our Balance Sheet.

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Notes (Continued) Table of Contents

Note 3 – Rate and Regulatory Matters

Rate Case Settlement

On November 15, 2022, the FERC approved our Petition for Approval of Pre-Filing Stipulation and Settlement Agreement (Settlement) in Docket No. RP22-1155. The Settlement establishes a new general system firm Rate Schedule TF-1 (Large Customer) daily reservation rate of $0.37250/Dth with a $0.00935/Dth commodity rate (which were made effective January 1, 2023), resolved other rate issues, established a Modernization and Emission Reduction Program and satisfies our rate case filing obligation under our settlement in Docket No. RP17-346. Provisions were included in the Settlement that establish a moratorium on any Natural Gas Act of 1938, as amended (NGA) Section 4 or 5 proceedings that would seek to place new rates in effect any earlier than January 1, 2026. The Settlement also provides that we file an NGA Section 4 general rate case with rates to be effective not later than April 1, 2028, unless (a) we have entered into a pre-filing settlement or (b) a Section 5 general rate case has been filed on or before April 1, 2028.

As a result of the Settlement, in January 2023, we refunded approximately $126 million, including interest, associated with the decrease in federal tax rates due to the Tax Cuts and Jobs Act of 2017 (Tax Reform).

Note 4 – Contingent Liabilities and Commitments

Environmental Matters

Beginning in the mid-1980s, we evaluated many of our facilities for the presence of toxic and hazardous substances to determine to what extent, if any, remediation might be necessary. We identified polychlorinated biphenyl (PCB) contamination in air compressor systems, soils, and related properties at certain compressor station sites. Similarly, we identified hydrocarbon impacts at these facilities due to the former use of earthen pits, lubricating oil leaks or spills, and excess pipe coating released to the environment. In addition, heavy metals have been identified at these sites due to the former use of mercury containing meters and paint and welding rods containing lead, cadmium, and arsenic. The PCBs were remediated pursuant to a Consent Decree with the U.S. Environmental Protection Agency (EPA) in the late 1980s, and we conducted a voluntary clean-up of the hydrocarbon and mercury impacts in the early 1990s. In 2005, the Washington Department of Ecology required us to re-evaluate our previous clean-ups in Washington. During 2006 to 2015, 129 meter stations were evaluated, of which 82 required remediation. As of June 30, 2024, two meter stations are still being remediated. During 2006 to 2018, 14 compressor stations were evaluated, of which 11 required remediation. As of June 30, 2024, four compressor stations are still being remediated. At June 30, 2024, we had accrued liabilities totaling approximately $1.0 million, $0.2 million of which is recorded in Accrued liabilities - Other and $0.8 million of which is recorded in Other Long-Term Liabilities - Other on the Balance Sheet. At December 31, 2023, we had accrued liabilities totaling approximately $1.0 million, $0.2 million of which is recorded in Accrued liabilities - Other and $0.8 million of which is recorded in Other Long-Term Liabilities - Other on the Balance Sheet. We are conducting environmental assessments and implementing a variety of remedial measures that may result in increases or decreases in the total estimated costs.

The EPA and various state regulatory agencies routinely propose and promulgate new rules, and issue updated guidance to existing rules. These rulemakings include, but are not limited to, rules for reciprocating internal combustion engine and combustion turbine maximum achievable control technology, review and updates to the National Ambient Air Quality Standards, and rules for new and existing source performance standards for volatile organic compounds and methane. We continuously monitor these regulatory changes and how they may impact our operations. Implementation of new or modified regulations may result in impacts to our operations and increase the cost of additions to Total property, plant, and equipment, net on the Balance Sheet for both new and existing facilities in affected areas; however, due to regulatory uncertainty on final rule content and applicability timeframes, we are unable to reasonably estimate the cost of these regulatory impacts at this time.

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Notes (Continued) Table of Contents

Environmental expenditures are expensed or capitalized depending on their future economic benefit and potential for rate recovery. We believe that, with respect to any expenditures required to meet applicable standards and regulations, the FERC would grant the requisite rate relief so that substantially all of such expenditures would be permitted to be recovered through rates.

Washington State Climate Commitment Act

In 2021, the state of Washington passed its Climate Commitment Act establishing a market-based cap-and-invest program to reduce carbon emissions. This program took effect on January 1, 2023, and sets a limit, or cap, on overall carbon emissions in the state and requires businesses like ours to obtain allowances equal to their annual covered carbon emissions. The state’s cap will be reduced over time to meet the state’s carbon emissions reduction targets, which means fewer carbon emissions allowances will be available to purchase each year. These allowances can be purchased through quarterly auctions hosted by the state or bought and sold on a secondary market. In 2023, we began purchasing allowances for the carbon emissions from nine of our thirteen compressor stations within the state whose annual carbon emissions exceed 25,000 metric tons of carbon dioxide equivalent. We also began purchasing allowances for our delivery of natural gas to certain of our customers and certain of our facilities in the state whose annual carbon emissions are insufficient to require their direct participation in the program. Our Settlement allows us to recover the costs of purchasing allowances under the program in our next rate case.

At June 30, 2024 and December 31, 2023, a total of $27.9 million and $22.3 million, respectively, were included in Other Long-Term Assets - Regulatory assets on our Balance Sheet and was comprised of the cost of the purchased allowances held, the estimated difference between the allowances held and the allowances required, and the interest income component of the regulatory asset. At June 30, 2024 and December 31, 2023, $2.2 million and $3.7 million, respectively, were included in Accrued liabilities - Other on our Balance Sheet as the estimated difference. The interest income is reflected in Miscellaneous other (income) expense, net on our Statement of Net Income and was $0.9 million for the six months ended June 30, 2024 and $0.1 million for the six months ended June 30, 2023.

Other Matters

Various other proceedings are pending against us and are considered incidental to our operations.

Summary

We have disclosed all significant matters for which we are unable to reasonably estimate a range of possible loss. We estimate that for all matters for which we are able to reasonably estimate a range of loss, including those noted above and others that are not individually significant, our aggregate reasonably possible losses beyond amounts accrued for all of our contingent liabilities are immaterial to our expected future annual results of operations, liquidity and financial position. These calculations have been made without consideration of any potential recovery from third parties. 

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Notes (Continued) Table of Contents

Note 5 – Debt and Financing Arrangements

Credit Facility

We, along with Williams and Transcontinental Gas Pipe Line Company, LLC (Transco), are party to a credit agreement with aggregate commitments available of $3.75 billion, with up to an additional $500 million increase in aggregate commitments available under certain circumstances. We and Transco are each able to borrow up to $500 million under this credit facility to the extent not otherwise utilized by the other co-borrowers. At June 30, 2024, no letters of credit have been issued and no loans were outstanding under the credit facility.

Commercial Paper Program

Williams has a $3.5 billion commercial paper program. Williams’ management considers amounts outstanding

under this program to be a reduction of available capacity under the credit facility. At June 30, 2024, Williams had $630 million outstanding commercial paper.

Note 6 – Fair Value Measurements

Fair Value Methods

The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value:

Short-term financial assets: The carrying values of short-term financial assets that have variable interest rates (advances to affiliate), accounts receivable and accounts payable approximate fair value because of the short-term nature of these instruments.

Long-term debt: The disclosed fair value of our long-term debt, which we consider as a level 2 measurement, is determined by a market approach using broker quoted indicative period-end bond prices. The quoted prices are based on observable transactions in less active markets for our debt or similar instruments. The carrying amount and estimated fair value of our long-term debt, including current maturities, were $581.7 million and $569.6 million, respectively, at June 30, 2024, and $581.2 million and $581.1 million, respectively, at December 31, 2023.

Note 7 – Transactions with Affiliates

We are a participant in Williams’ cash management program, and we make advances to and receive advances from Williams. At June 30, 2024 and December 31, 2023, our advances to Williams totaled approximately $129.8 million and $157.8 million, respectively. These advances are represented by demand notes and are classified as Receivables - Advances to affiliate on the Balance Sheet. The interest rate on these intercompany demand notes is based upon the daily overnight investment rate paid on Williams’ excess cash at the end of each month, which was approximately 5.1 percent at June 30, 2024. The interest income from these advances was $1.7 million and $3.6 million for the three and six months ended June 30, 2024, respectively, and $1.9 million and $4.3 million for the three and six months ended June 20, 2023. Such interest income is included in Other (Income) and Other Expenses – Miscellaneous other (income) expense, net on the Statement of Net Income.

We have no employees. Services necessary to operate our business are provided to us by Williams and certain affiliates of Williams. We reimburse Williams and its affiliates for all direct and indirect expenses incurred or payments made (including salary, bonus, incentive compensation and benefits) in connection with these services. Employees of Williams also provide general, administrative and management services to us, and we are charged for certain administrative expenses incurred by Williams. These charges are either directly identifiable or allocated to our assets. Direct charges are for goods and services provided by Williams at our request. Allocated charges are based on a three-factor formula, which considers revenues; property, plant, and equipment; and payroll. In management’s estimation, the allocation methodologies used are reasonable and result in a reasonable allocation to us of our costs of doing business incurred by Williams. We have recorded $20.9 million and $43.2 million for the

13

Notes (Continued) Table of Contents

three and six months ended June 30, 2024, respectively and $20.9 million and $43.0 million for the three and six months ended June 30, 2023, respectively, for these service expenses, which are primarily included in Operation and maintenance and General and administrative expenses on the Statement of Net Income.

During July 2024, we declared and paid a cash distribution of $38.0 million to our parent.

14

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

General

The following discussion and analysis should be read in conjunction with our historical Financial Statements and accompanying notes and Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in our 2023 Annual Report on Form 10-K and with the Financial Statements and accompanying notes contained in this Form 10-Q.

Results of Operations

This analysis discusses financial results of our operations for the six-month periods ended June 30, 2024 and 2023. Variances due to changes in natural gas prices and transportation volumes have little impact on revenues, because under our rate design methodology, the majority of overall cost of service is recovered through firm capacity reservation charges in our transportation rates.

Net Income for the first six months of 2024 of $95.5 million increased by $3.6 million, or 4 percent when compared to the $91.9 million recognized during the first six months of 2023 due to the following significant variances:

Operating Revenues increased $2.5 million, or 1 percent, primarily driven by:

•$2.8 million increase in Natural gas transportation revenues primarily due to an increase in short-term firm transportation; and

•$0.2 million decrease in Other revenues from lower park and loan services;

Operating Expenses increased $2.4 million, or 2 percent, primarily due to:

•$5.7 million increase in Operation and Maintenance costs due to higher labor costs, higher contract services related to pipeline maintenance inspection activities, partially offset by

•$1.8 million decrease in General and administrative expenses due to a favorable change in allocated corporate expenses and lower insurance premiums; and

•$1.5 million decrease in Depreciation and amortization expenses primarily due to absence of amortization in 2024 related to historical basis differences from the Northwest acquisition.

Other (Income) and Other Expenses had a $3.5 million favorable change primarily due to an increase in the allowance for funds used during construction as a result of increased capital expenditures.

Pipeline Expansion Projects

Ryckman Creek Loop

The Ryckman Creek Loop expansion involves an expansion of our existing natural gas transmission system to provide incremental firm transportation capacity from a receipt point in Northeast Oregon (Stanfield) to multiple delivery points in Southwest Wyoming. We plan to place the project in service as early as the fourth quarter of 2025 assuming timely receipt of all necessary regulatory approvals. The project is expected to increase capacity by 50.5 MDth/d.

15

Item 4. Controls and Procedures

Disclosure Controls and Procedures

Our management, including our Senior Vice President and our Vice President and Chief Accounting Officer, does not expect that our disclosure controls and procedures (as defined in Rules 13a - 15(e) and 15d - 15(e) of the Securities Exchange Act, as amended) (Disclosure Controls) or our internal control over financial reporting (Internal Controls) will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the control. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected. We monitor our Disclosure Controls and Internal Controls and make modifications as necessary; our intent in this regard is that the Disclosure Controls and Internal Controls will be modified as systems change and conditions warrant.

Evaluation of Disclosure Controls and Procedures

An evaluation of the effectiveness of the design and operation of our Disclosure Controls was performed as of the end of the period covered by this report. This evaluation was performed under the supervision and with the participation of our management, including our Senior Vice President and our Vice President and Chief Accounting Officer. Based upon that evaluation, our Senior Vice President and our Vice President and Chief Accounting Officer concluded that these Disclosure Controls are effective at a reasonable assurance level.

Changes in Internal Control over Financial Reporting

There have been no changes during the second quarter of 2024 that have materially affected, or are reasonably likely to materially affect, our Internal Control over Financial Reporting.

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

Environmental

While it is not possible for us to predict the final outcome of any pending legal proceedings involving governmental authorities under federal, state, and local laws regulating the discharge of materials into the environment, we do not anticipate a material effect on our financial position if we were to receive an unfavorable outcome in any one or more of such proceedings. Our threshold for disclosing material environmental legal proceedings involving a governmental authority where potential monetary sanctions are involved is $1 million.

Other

The additional information called for by this item is provided in Note 4 – Contingent Liabilities and Commitments, included in the Notes to Financial Statements included under Part I, Item 1. Financial Statements of this Form 10-Q, which information is incorporated by reference into this item.

16

Item 1A. Risk Factors

    Part I, Item 1A. Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2023, includes certain risk factors that could materially affect our business, financial condition, or future results. Those Risk Factors have not materially changed.

17

Item 6. Exhibits

The following instruments are included as exhibits to this report.

Exhibit	Description
2	Certificate of Conversion of Northwest Pipeline GP (filed July 3, 2013 as Exhibit 2.1 to our current report on Form 8-K (File No. 001-07414) and incorporated herein by reference).
3.1	Certificate of Formation of Northwest Pipeline LLC (filed July 3, 2013 as Exhibit 2.2 to our current report on Form 8-K (File No. 001-07414) and incorporated herein by reference).
3.2	Operating Agreement of Northwest Pipeline LLC (filed July 3, 2013 as Exhibit 3.1 to our current report on Form 8-K (File No. 001-07414) and incorporated herein by reference).
31.1*	Certification of Principal Executive Officer pursuant to Rules 13a-14(a) and 15d-14(a) promulgated under the Securities Exchange Act of 1934, as amended and Item 601(b)(31) of Regulation S-K, as adopted pursuant to Section 302 of The Sarbanes-Oxley Act of 2002.
31.2*	Certification of Principal Financial Officer pursuant to Rules 13a-14(a) and 15d-14(a) promulgated under the Securities Exchange Act of 1934, as amended, and Item 601(b)(31) of Regulation S-K, as adopted pursuant to Section 302 of The Sarbanes-Oxley Act of 2002.
32**	Certification of Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS*	XBRL Instance Document. The instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document.
101.SCH*	XBRL Taxonomy Extension Schema.
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase.
101.DEF*	XBRL Taxonomy Extension Definition Linkbase.
101.LAB*	XBRL Taxonomy Extension Label Linkbase.
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase.
104*	Cover Page Interactive Data File. The cover page interactive data file does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document (contained in Exhibit 101).

*	Filed herewith.
**	Furnished herewith.

18

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			NORTHWEST PIPELINE LLC (Registrant)
Date:	August 5, 2024	By:	/s/ Billeigh W. Mark
			Billeigh W. Mark
			Controller
			(Principal Accounting Officer)

EX-31.1

Exhibit 31.1

SECTION 302 CERTIFICATION

I, Chad A. Teply, certify that:

1.I have reviewed this quarterly report on Form 10-Q of Northwest Pipeline LLC;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 5, 2024

By:	/s/ Chad A. Teply
	Chad A. Teply
	Senior Vice President
	(Principal Executive Officer)

EX-31.2

Exhibit 31.2

SECTION 302 CERTIFICATION

I, Mary A. Hausman, certify that:

1.I have reviewed this quarterly report on Form 10-Q of Northwest Pipeline LLC;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 5, 2024

By:	/s/ Mary A. Hausman
	Mary A. Hausman
	Vice President and Chief Accounting Officer
	(Principal Financial Officer)

EX-32

Exhibit 32

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Northwest Pipeline LLC (the “Company”) on Form 10-Q for the period ending June 30, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned hereby certifies, in his capacity as an officer of the Company, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

(1)The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Chad A. Teply

Chad A. Teply

Senior Vice President

August 5, 2024

/s/ Mary A. Hausman

Mary A. Hausman

Vice President and Chief Accounting Officer

August 5, 2024

A signed original of this written statement required by Section 906 has been provided to, and will be retained by, the Company and furnished to the Securities and Exchange Commission or its staff upon request.

The foregoing certification is being furnished to the Securities and Exchange Commission as an exhibit to the Report and shall not be considered filed as part of the Report.

XML

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Aug. 05, 2024
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document period end date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	1-7414
Entity registrant name	Northwest Pipeline LLC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-1157701
Entity Address, Address Line One	One Williams Center
Entity Address, City or Town	Tulsa
Entity Address, State or Province	OK
Entity Address, Postal Zip Code	74172-0172
City Area Code	800
Local Phone Number	945-5426
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity filer category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity central index key	0000110019
Amendment flag	false
Document fiscal year focus	2024
Document fiscal period focus	Q1
Current fiscal year end date	--12-31
Entity common stock, shares outstanding		0

XML

Statement of Net Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Operating Revenues:
Revenues	$ 105,537	$ 107,388	$ 222,308	$ 219,784
Operating Expenses:
Operation and maintenance	23,289	20,158	45,413	39,674
General and administrative	11,942	12,495	23,571	25,353
Depreciation and amortization	27,007	28,176	54,472	56,053
Taxes, other than income taxes	3,355	4,017	6,825	7,636
Other (income) expense, net	(4,282)	(4,437)	(8,175)	(9,009)
Total operating expenses	61,311	60,409	122,106	119,707
Operating Income	44,226	46,979	100,202	100,077
Other (Income) and Other Expenses:
Interest expense	6,802	6,790	13,941	14,220
Allowance for equity and borrowed funds used during construction (AFUDC)	(2,533)	(536)	(4,159)	(1,382)
Miscellaneous other (income) expense, net	(2,485)	(2,167)	(5,117)	(4,691)
Total other (income) and other expenses	1,784	4,087	4,665	8,147
Net Income	42,442	42,892	95,537	91,930
Natural gas transportation
Operating Revenues:
Revenues	99,503	100,459	209,367	206,555
Natural gas storage
Operating Revenues:
Revenues	4,242	4,563	7,960	8,038
Other
Operating Revenues:
Revenues	$ 1,792	$ 2,366	$ 4,981	$ 5,191

XML

Balance Sheet (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current Assets:
Cash	$ 0	$ 0
Receivables:
Other	547	1,485
Materials and supplies, at average cost	7,765	7,759
Exchange gas receivables	1,543	3,165
Regulatory assets	2,416	2,054
Other	2,027	1,801
Total current assets	178,758	214,495
Property, plant and equipment	4,072,175	3,974,900
Less-Accumulated depreciation and amortization	2,069,444	2,026,007
Total property, plant and equipment, net	2,002,731	1,948,893
Other Long-Term Assets:
Regulatory assets	39,950	35,796
Right-of-use assets	6,235	8,725
Deferred charges and other	21,702	19,450
Total long-term other assets	67,887	63,971
Total assets	2,249,376	2,227,359
Payables:
Trade	55,439	47,822
Accrued liabilities:
Exchange gas payables	5,514	5,553
Regulatory liabilities	19,737	21,374
Taxes, other than income taxes	6,446	7,388
Interest	5,505	5,505
Customer advances	8,641	5,016
Other	14,320	10,588
Total current liabilities	123,660	116,026
Long-Term Debt	581,742	581,178
Other Long-Term Liabilities:
Regulatory liabilities	242,651	252,272
Asset retirement obligations	139,953	136,263
Lease liability	7,224	7,193
Other	913	1,231
Total other long-term liabilities	390,741	396,959
Contingent Liabilities and Commitments (Note 4)
Member’s Equity:
Member’s capital	1,073,892	1,073,892
Retained earnings	79,341	59,304
Total member’s equity	1,153,233	1,133,196
Total liabilities and member’s equity	2,249,376	2,227,359
Related Party [Member]
Receivables:
Advances to affiliate	129,825	157,776
Trade	525	1,375
Affiliates	525	1,375
Payables:
Affiliates	8,058	12,780
Nonrelated Party [Member]
Receivables:
Trade	34,110	39,080
Affiliates	$ 34,110	$ 39,080

XML

Statement of Changes in Member's Equity (Unaudited) - USD ($) $ in Thousands	Total	Member's Capital	Retained Earnings
Balance at beginning of period at Dec. 31, 2022		$ 1,073,892	$ 34,385
Net income	$ 91,930		91,930
Cash distributions to parent	(97,800)		(97,800)
Balance at end of period at Jun. 30, 2023	1,102,407	1,073,892	28,515
Balance at beginning of period at Mar. 31, 2023		1,073,892	47,623
Net income	42,892		42,892
Cash distributions to parent			(62,000)
Balance at end of period at Jun. 30, 2023	1,102,407	1,073,892	28,515
Balance at beginning of period at Dec. 31, 2023	1,133,196	1,073,892	59,304
Net income	95,537		95,537
Cash distributions to parent	(75,500)		(75,500)
Balance at end of period at Jun. 30, 2024	1,153,233	1,073,892	79,341
Balance at beginning of period at Mar. 31, 2024		1,073,892	79,399
Net income	42,442		42,442
Cash distributions to parent			(42,500)
Balance at end of period at Jun. 30, 2024	$ 1,153,233	$ 1,073,892	$ 79,341

XML

Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
OPERATING ACTIVITIES:
Net income	$ 95,537	$ 91,930
Adjustments to reconcile net cash provided (used) by operating activities:
Depreciation and amortization	54,472	56,053
Allowance for equity funds used during construction (equity AFUDC)	(3,413)	(1,134)
Changes in current assets and liabilities:
Trade and other accounts receivable	5,908	5,159
Affiliate receivables	850	207
Materials and supplies	(6)	6
Regulatory assets	(171)	(71)
Other current assets	(248)	1,175
Trade accounts payable	(2,360)	(1,126)
Affiliate payables	(4,722)	(3,013)
Regulatory liabilities	(4)	(125,505)
Other accrued liabilities	2,791	(370)
Other, including changes in long-term assets and liabilities:
Other, net	(13,295)	(22,050)
Net cash provided (used) by operating activities	135,339	1,261
FINANCING ACTIVITIES:
Cash distributions to parent	(75,500)	(97,800)
Net cash provided (used) by financing activities	(75,500)	(97,800)
Property, plant and equipment:
Capital expenditures	(93,501)	(40,133)
Contributions and advances for construction costs	6,375	2,804
Disposal of property, plant and equipment, net	(664)	(2,368)
Advances to affiliate, net	27,951	136,236
Net cash provided (used) by investing activities	(59,839)	96,539
Increase (decrease) in cash	0	0
Cash at beginning of period	0	0
Cash at end of period	0	0
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
Increases to property, plant and equipment, exclusive of equity AFUDC	(100,741)	(37,377)
Changes in related accounts payable and accrued liabilities	7,240	(2,756)
Capital expenditures	$ (93,501)	$ (40,133)

XML

Basis of Presentation (Notes)

6 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Basis of Presentation

In this report, Northwest Pipeline LLC (Northwest) is at times referred to in the first person as “we,” “us,” or “our.”

Northwest is indirectly owned by The Williams Companies, Inc. (Williams), a publicly traded Delaware corporation. We own and operate an interstate natural gas pipeline system that is regulated by the Federal Energy Regulatory Commission (FERC).

General

Our accompanying interim financial statements do not include all the notes in our annual financial statements and, therefore, should be read in conjunction with our financial statements and notes thereto for the year ended December 31, 2023, in our Annual Report on Form 10-K. The accompanying unaudited financial statements include all normal recurring adjustments and others that, in the opinion of management, are necessary to present fairly our interim financial statements.

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in our financial statements and accompanying notes. Actual results could differ from those estimates.

XML

Revenue Recognition (Notes)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Revenue by Category

Our revenue disaggregation by major service line includes Natural gas transportation, Natural gas storage, and Other, which are separately presented on the Statement of Net Income.

Contract Assets

The following table presents a reconciliation of our contract assets:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
	(Thousands)
Balance at beginning of period	$	17,882	$	13,554	$	16,806	$	12,490
Revenue recognized in excess of amounts invoiced	1,076		1,076		2,152		2,140
Balance at end of period	$	18,958	$	14,630	$	18,958	$	14,630

Contract Liabilities

The following table presents a reconciliation of our contract liabilities:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
	(Thousands)
Balance at beginning of period	$	1,175	$	2,353	$	1,468	$	2,643
Recognized in revenue	(293)		(293)		(586)		(583)
Balance at end of period	$	882	$	2,060	$	882	$	2,060

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 periodic review and approval by the 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. This table excludes the variable consideration component for commodity charges. Certain of our contracts contain evergreen and other renewal provisions for periods beyond the initial term of the contract. The remaining performance obligations as of June 30, 2024 do not consider potential future performance obligations for which the renewal has not been exercised and exclude 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, 2024.

	Contract Liabilities		Remaining Performance Obligations
	(Thousands)
2024 (six months)	$	592	$	192,530
2025 (one year)	290		384,766
2026 (one year)	—		363,957
2027 (one year)	—		353,204
2028 (one year)	—		346,683
Thereafter	—		2,253,106
Total	$	882	$	3,894,246

Accounts Receivable

Receivables from contracts with customers are included within Receivables - Trade and Receivables - Affiliates, and receivables that are not related to contracts with customers are included within the balance of Receivables - Advances to affiliate and Receivables - Other on our Balance Sheet.

XML

Rate and Regulatory Matters (Notes)

6 Months Ended

Jun. 30, 2024

Regulated Operations [Abstract]

Rate and Regulatory Matters

Rate and Regulatory Matters

Rate Case Settlement

On November 15, 2022, the FERC approved our Petition for Approval of Pre-Filing Stipulation and Settlement Agreement (Settlement) in Docket No. RP22-1155. The Settlement establishes a new general system firm Rate Schedule TF-1 (Large Customer) daily reservation rate of $0.37250/Dth with a $0.00935/Dth commodity rate (which were made effective January 1, 2023), resolved other rate issues, established a Modernization and Emission Reduction Program and satisfies our rate case filing obligation under our settlement in Docket No. RP17-346. Provisions were included in the Settlement that establish a moratorium on any Natural Gas Act of 1938, as amended (NGA) Section 4 or 5 proceedings that would seek to place new rates in effect any earlier than January 1, 2026. The Settlement also provides that we file an NGA Section 4 general rate case with rates to be effective not later than April 1, 2028, unless (a) we have entered into a pre-filing settlement or (b) a Section 5 general rate case has been filed on or before April 1, 2028.

As a result of the Settlement, in January 2023, we refunded approximately $126 million, including interest, associated with the decrease in federal tax rates due to the Tax Cuts and Jobs Act of 2017 (Tax Reform).

XML

Contingent Liabilities and Commitments (Notes)

6 Months Ended

Jun. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Contingent Liabilities and Commitments [Text Block]

Contingent Liabilities and Commitments

Environmental Matters

Beginning in the mid-1980s, we evaluated many of our facilities for the presence of toxic and hazardous substances to determine to what extent, if any, remediation might be necessary. We identified polychlorinated biphenyl (PCB) contamination in air compressor systems, soils, and related properties at certain compressor station sites. Similarly, we identified hydrocarbon impacts at these facilities due to the former use of earthen pits, lubricating oil leaks or spills, and excess pipe coating released to the environment. In addition, heavy metals have been identified at these sites due to the former use of mercury containing meters and paint and welding rods containing lead, cadmium, and arsenic. The PCBs were remediated pursuant to a Consent Decree with the U.S. Environmental Protection Agency (EPA) in the late 1980s, and we conducted a voluntary clean-up of the hydrocarbon and mercury impacts in the early 1990s. In 2005, the Washington Department of Ecology required us to re-evaluate our previous clean-ups in Washington. During 2006 to 2015, 129 meter stations were evaluated, of which 82 required remediation. As of June 30, 2024, two meter stations are still being remediated. During 2006 to 2018, 14 compressor stations were evaluated, of which 11 required remediation. As of June 30, 2024, four compressor stations are still being remediated. At June 30, 2024, we had accrued liabilities totaling approximately $1.0 million, $0.2 million of which is recorded in Accrued liabilities - Other and $0.8 million of which is recorded in Other Long-Term Liabilities - Other on the Balance Sheet. At December 31, 2023, we had accrued liabilities totaling approximately $1.0 million, $0.2 million of which is recorded in Accrued liabilities - Other and $0.8 million of which is recorded in Other Long-Term Liabilities - Other on the Balance Sheet. We are conducting environmental assessments and implementing a variety of remedial measures that may result in increases or decreases in the total estimated costs.

The EPA and various state regulatory agencies routinely propose and promulgate new rules, and issue updated guidance to existing rules. These rulemakings include, but are not limited to, rules for reciprocating internal combustion engine and combustion turbine maximum achievable control technology, review and updates to the National Ambient Air Quality Standards, and rules for new and existing source performance standards for volatile organic compounds and methane. We continuously monitor these regulatory changes and how they may impact our operations. Implementation of new or modified regulations may result in impacts to our operations and increase the cost of additions to Total property, plant, and equipment, net on the Balance Sheet for both new and existing facilities in affected areas; however, due to regulatory uncertainty on final rule content and applicability timeframes, we are unable to reasonably estimate the cost of these regulatory impacts at this time.

Environmental expenditures are expensed or capitalized depending on their future economic benefit and potential for rate recovery. We believe that, with respect to any expenditures required to meet applicable standards and regulations, the FERC would grant the requisite rate relief so that substantially all of such expenditures would be permitted to be recovered through rates.

Washington State Climate Commitment Act

In 2021, the state of Washington passed its Climate Commitment Act establishing a market-based cap-and-invest program to reduce carbon emissions. This program took effect on January 1, 2023, and sets a limit, or cap, on overall carbon emissions in the state and requires businesses like ours to obtain allowances equal to their annual covered carbon emissions. The state’s cap will be reduced over time to meet the state’s carbon emissions reduction targets, which means fewer carbon emissions allowances will be available to purchase each year. These allowances can be purchased through quarterly auctions hosted by the state or bought and sold on a secondary market. In 2023, we began purchasing allowances for the carbon emissions from nine of our thirteen compressor stations within the state whose annual carbon emissions exceed 25,000 metric tons of carbon dioxide equivalent. We also began purchasing allowances for our delivery of natural gas to certain of our customers and certain of our facilities in the state whose annual carbon emissions are insufficient to require their direct participation in the program. Our Settlement allows us to recover the costs of purchasing allowances under the program in our next rate case.

At June 30, 2024 and December 31, 2023, a total of $27.9 million and $22.3 million, respectively, were included in Other Long-Term Assets - Regulatory assets on our Balance Sheet and was comprised of the cost of the purchased allowances held, the estimated difference between the allowances held and the allowances required, and the interest income component of the regulatory asset. At June 30, 2024 and December 31, 2023, $2.2 million and $3.7 million, respectively, were included in Accrued liabilities - Other on our Balance Sheet as the estimated difference. The interest income is reflected in Miscellaneous other (income) expense, net on our Statement of Net Income and was $0.9 million for the six months ended June 30, 2024 and $0.1 million for the six months ended June 30, 2023.

Other Matters

Various other proceedings are pending against us and are considered incidental to our operations.

Summary

We have disclosed all significant matters for which we are unable to reasonably estimate a range of possible loss. We estimate that for all matters for which we are able to reasonably estimate a range of loss, including those noted above and others that are not individually significant, our aggregate reasonably possible losses beyond amounts accrued for all of our contingent liabilities are immaterial to our expected future annual results of operations, liquidity and financial position. These calculations have been made without consideration of any potential recovery from third parties.

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Debt and Financing Arrangements (Notes)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Debt and Financing Arrangements

Debt and Financing Arrangements

Credit Facility

We, along with Williams and Transcontinental Gas Pipe Line Company, LLC (Transco), are party to a credit agreement with aggregate commitments available of $3.75 billion, with up to an additional $500 million increase in aggregate commitments available under certain circumstances. We and Transco are each able to borrow up to $500 million under this credit facility to the extent not otherwise utilized by the other co-borrowers. At June 30, 2024, no letters of credit have been issued and no loans were outstanding under the credit facility.

Commercial Paper Program

Williams has a $3.5 billion commercial paper program. Williams’ management considers amounts outstanding

under this program to be a reduction of available capacity under the credit facility. At June 30, 2024, Williams had $630 million outstanding commercial paper.

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Fair Value Measurements (Notes)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

Fair Value Methods

The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value:

Short-term financial assets: The carrying values of short-term financial assets that have variable interest rates (advances to affiliate), accounts receivable and accounts payable approximate fair value because of the short-term nature of these instruments.

Long-term debt: The disclosed fair value of our long-term debt, which we consider as a level 2 measurement, is determined by a market approach using broker quoted indicative period-end bond prices. The quoted prices are based on observable transactions in less active markets for our debt or similar instruments. The carrying amount and estimated fair value of our long-term debt, including current maturities, were $581.7 million and $569.6 million, respectively, at June 30, 2024, and $581.2 million and $581.1 million, respectively, at December 31, 2023.

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Transactions with Affiliates (Notes)

6 Months Ended

Jun. 30, 2024

Related Party Transactions [Abstract]

Transactions with Affiliates

Transactions with Affiliates

We are a participant in Williams’ cash management program, and we make advances to and receive advances from Williams. At June 30, 2024 and December 31, 2023, our advances to Williams totaled approximately $129.8 million and $157.8 million, respectively. These advances are represented by demand notes and are classified as Receivables - Advances to affiliate on the Balance Sheet. The interest rate on these intercompany demand notes is based upon the daily overnight investment rate paid on Williams’ excess cash at the end of each month, which was approximately 5.1 percent at June 30, 2024. The interest income from these advances was $1.7 million and $3.6 million for the three and six months ended June 30, 2024, respectively, and $1.9 million and $4.3 million for the three and six months ended June 20, 2023. Such interest income is included in Other (Income) and Other Expenses – Miscellaneous other (income) expense, net on the Statement of Net Income.

We have no employees. Services necessary to operate our business are provided to us by Williams and certain affiliates of Williams. We reimburse Williams and its affiliates for all direct and indirect expenses incurred or payments made (including salary, bonus, incentive compensation and benefits) in connection with these services. Employees of Williams also provide general, administrative and management services to us, and we are charged for certain administrative expenses incurred by Williams. These charges are either directly identifiable or allocated to our assets. Direct charges are for goods and services provided by Williams at our request. Allocated charges are based on a three-factor formula, which considers revenues; property, plant, and equipment; and payroll. In management’s estimation, the allocation methodologies used are reasonable and result in a reasonable allocation to us of our costs of doing business incurred by Williams. We have recorded $20.9 million and $43.2 million for the

three and six months ended June 30, 2024, respectively and $20.9 million and $43.0 million for the three and six months ended June 30, 2023, respectively, for these service expenses, which are primarily included in Operation and maintenance and General and administrative expenses on the Statement of Net Income.

During July 2024, we declared and paid a cash distribution of $38.0 million to our parent.

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Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

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

Contract Assets

The following table presents a reconciliation of our contract assets:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
	(Thousands)
Balance at beginning of period	$	17,882	$	13,554	$	16,806	$	12,490
Revenue recognized in excess of amounts invoiced	1,076		1,076		2,152		2,140
Balance at end of period	$	18,958	$	14,630	$	18,958	$	14,630

Contract Liabilities

The following table presents a reconciliation of our contract liabilities:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
	(Thousands)
Balance at beginning of period	$	1,175	$	2,353	$	1,468	$	2,643
Recognized in revenue	(293)		(293)		(586)		(583)
Balance at end of period	$	882	$	2,060	$	882	$	2,060

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

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, 2024.

	Contract Liabilities		Remaining Performance Obligations
	(Thousands)
2024 (six months)	$	592	$	192,530
2025 (one year)	290		384,766
2026 (one year)	—		363,957
2027 (one year)	—		353,204
2028 (one year)	—		346,683
Thereafter	—		2,253,106
Total	$	882	$	3,894,246

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Contract Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Balance at beginning of period	$ 17,882	$ 13,554	$ 16,806	$ 12,490
Revenue recognized in excess of amounts invoiced	1,076	1,076	2,152	2,140
Balance at end of period	$ 18,958	$ 14,630	$ 18,958	$ 14,630

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Revenue Recognition Contract Liabilities (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2024

Jun. 30, 2023

Jun. 30, 2024

Jun. 30, 2023

Contract With Customer, Liability [Line Items]

Balance at beginning of period

$ 1,175

$ 2,353

$ 1,468

$ 2,643

Recognized in revenue

(293)

(293)

(586)

(583)

Balance at end of period

$ 882

$ 2,060

$ 882

$ 2,060

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

Contract Assets

The following table presents a reconciliation of our contract assets:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
	(Thousands)
Balance at beginning of period	$	17,882	$	13,554	$	16,806	$	12,490
Revenue recognized in excess of amounts invoiced	1,076		1,076		2,152		2,140
Balance at end of period	$	18,958	$	14,630	$	18,958	$	14,630

Contract Liabilities

The following table presents a reconciliation of our contract liabilities:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
	(Thousands)
Balance at beginning of period	$	1,175	$	2,353	$	1,468	$	2,643
Recognized in revenue	(293)		(293)		(586)		(583)
Balance at end of period	$	882	$	2,060	$	882	$	2,060

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Contract Liabilities Performance Obligation (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract with Customer, Liability	$ 882	$ 1,175	$ 1,468	$ 2,060	$ 2,353	$ 2,643
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract with Customer, Liability	$ 592
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01 | Performance Obligations Related To Contract Liabilities [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract with Customer, Liability	$ 290
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | Performance Obligations Related To Contract Liabilities [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract with Customer, Liability	$ 0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | Performance Obligations Related To Contract Liabilities [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract with Customer, Liability	$ 0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 | Performance Obligations Related To Contract Liabilities [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract with Customer, Liability	$ 0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01 | Performance Obligations Related To Contract Liabilities [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract with Customer, Liability	$ 0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01 | Performance Obligations Related To Contract Liabilities [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period

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Remaining Performance Obligation (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 3,894,246
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 192,530
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01 | Remaining Performance Obligations [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 384,766
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | Remaining Performance Obligations [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 363,957
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | Remaining Performance Obligations [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 353,204
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 | Remaining Performance Obligations [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 346,683
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01 | Remaining Performance Obligations [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 2,253,106
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01 | Remaining Performance Obligations [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period

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Rate and Regulatory Matters (Details) $ in Millions	1 Months Ended
	Jan. 31, 2023 USD ($)	Jan. 01, 2023 $ / dekatherm
Regulated Operations [Abstract]
Demand Rate		0.37250
Commodity Rate		0.00935
Amount refunded as a result of approved Settlement | $	$ 126

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Contingent Liabilities and Commitments (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Site Contingency [Line Items]
Other	$ 14,320		$ 10,588
Regulatory assets	2,416		2,054
Environmental assessment and remediation [Member]
Site Contingency [Line Items]
Accrued environmental assessment and remediation costs, total	$ 1,000		$ 1,000
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]	Other, Other Liabilities, Noncurrent		Other, Other Liabilities, Noncurrent
Accrued environmental assessment and remediation costs, current	$ 200		$ 200
Environmental Loss Contingency, Current, Statement of Financial Position [Extensible Enumeration]	Other		Other
Accrued environmental assessment and remediation costs, noncurrent	$ 800		$ 800
Environmental Loss Contingency, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent		Other Liabilities, Noncurrent
Washington State Climate Commitment Act [Member]
Site Contingency [Line Items]
Other	$ 2,200		$ 3,700
Regulatory assets	27,900		$ 22,300
Interest Income, Other	$ 900	$ 100

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Debt and Financing Arrangement (Details)	Jun. 30, 2024 USD ($)
Credit Agreement
Credit Facility and Commercial Paper [Line Items]
Credit facility capacity	$ 500,000,000
Williams Companies Inc
Credit Facility and Commercial Paper [Line Items]
Commercial paper outstanding	630,000,000
Williams Companies Inc | Credit Agreement
Credit Facility and Commercial Paper [Line Items]
Credit facility capacity	3,750,000,000
Additional amount by which credit facility can be increased	500,000,000
Letters of credit outstanding	0
Loans outstanding	0
Williams Companies Inc | Commercial paper program
Credit Facility and Commercial Paper [Line Items]
Credit facility capacity	$ 3,500,000,000

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Fair Value Measurements (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Carrying (reported) amount, fair value disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	$ 581.7	$ 581.2
Estimate of fair value, fair value disclosure [Member] | Fair value, inputs, level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	$ 569.6	$ 581.1

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Transactions with Affiliates (Details) $ in Thousands		1 Months Ended	3 Months Ended		6 Months Ended
	Sep. 30, 2023	Jul. 31, 2023 USD ($)	Jun. 30, 2024 USD ($) employee	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) employee	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Related Party Transaction [Line Items]
Related party transaction, rate	5.10%
Entity number of employees | employee			0		0
Related party transaction, expenses from transactions with related party			$ 61,311	$ 60,409	$ 122,106	$ 119,707
Cash distributions to parent		$ 38,000			75,500	97,800
Related Party [Member]
Related Party Transaction [Line Items]
Advances to affiliate			129,825		129,825		$ 157,776
Williams Companies Inc
Related Party Transaction [Line Items]
Advances to affiliate			129,800		129,800		$ 157,800
Interest Income, Other			1,700	1,900	3,600	4,300
Related party transaction, expenses from transactions with related party			$ 20,900	$ 20,900	$ 43,200	$ 43,000