v2.3.0.15

Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Millions	Sep. 30, 2011	Dec. 31, 2010
Current assets
Cash and cash equivalents	$ 5	$ 4
Accounts and note receivable
Customer, net of allowance	5	3
Affiliates	57	0
Other	20	26
Materials and supplies	16	16
Assets held for sale	50	0
Regulatory assets	13	14
Other	2	0
Total current assets	168	63
Property, plant and equipment, at cost	3,640	3,885
Less accumulated depreciation and amortization	1,135	1,390
Total property, plant and equipment, net	2,505	2,495
Other long-term assets
Investment in unconsolidated affiliate	58	56
Note receivable from affiliate	205	0
Regulatory assets	70	34
Other	39	39
Total other long-term assets	372	129
Total assets	3,045	2,687
Accounts and note payable
Trade	23	25
Affiliates	14	28
Other	20	31
Taxes payable	21	13
Accrued interest	22	18
Contractual deposits	9	6
Other	2	1
Total current liabilities	111	122
Long-term debt	1,210	910
Other long-term liabilities	31	31
Commitments and contingencies (Note 5)
Member's equity/partners' capital	1,693	1,624
Total liabilities and member's equity/partners' capital	$ 3,045	$ 2,687

The aggregate amount of receivables to be collected from related parties at the financial statement date, which are usually due within one year.

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SOUTHERN NATURAL GAS COMPANY, L.L.C. 10-Q