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CONSOLIDATED ENTITIES AND EQUITY METHOD INVESTMENTS (Tables)
 9 Months Ended
Sep. 30, 2020
Regulated Operations [Abstract]  
Equity Method Investments
The carrying amounts of Southern Company Gas' equity method investments as of September 30, 2020 and December 31, 2019 and related income from those investments for the three and nine months ended September 30, 2020 and 2019 were as follows:
Investment BalanceSeptember 30, 2020
December 31, 2019(a)
(in millions)
SNG(b)
$1,180 $1,137 
PennEast Pipeline(c)
89 82 
Other32 32 
Total$1,301 $1,251 
(a)Excludes investments in Atlantic Coast Pipeline and Pivotal JAX LNG classified as held for sale at December 31, 2019. See Note 15 to the financial statements under "Assets Held for Sale" in Item 8 of the Form 10-K for additional information.
(b)Increase primarily relates to a capital contribution, partially offset by the continued amortization of deferred tax assets established upon acquisition.
(c)See Note (C) under "Other Matters – Southern Company Gas" for additional information on the PennEast Pipeline.
Selected financial information of SNG for the three and nine months ended September 30, 2020 and 2019 is as follows:
Income Statement InformationThree Months Ended September 30, 2020Three Months Ended September 30, 2019Nine Months Ended September 30, 2020Nine Months Ended September 30, 2019
(in millions)
Revenues$150 $152 $457 $473 
Operating income85 82 262 274 
Net income59 60 189 208 
Schedule of Other Nonoperating Income, by Component
Earnings from Equity Method InvestmentsThree Months Ended September 30, 2020Three Months Ended September 30, 2019Nine Months Ended September 30, 2020Nine Months Ended September 30, 2019
(in millions)
SNG$30 $30 $95 $104 
Atlantic Coast Pipeline(a)(b)
— 3 3 9 
PennEast Pipeline(a)
2 2 5 5 
Other1 — 3 (3)
Total$33 $35 $106 $115 
(a)Amounts primarily result from AFUDC equity recorded by the project entity.
(b)On March 24, 2020, Southern Company Gas completed the sale of its interest in Atlantic Coast Pipeline. See Note (K) under "Southern Company Gas" for additional information.