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ASSET RETIREMENT OBLIGATION: (Tables)
9 Months Ended
Sep. 30, 2017
ASSET RETIREMENT OBLIGATION:  
Summary of asset retirement obligation activity

 

The following table summarizes the asset retirement obligation activity for the nine months ended September 30, 2017 and 2016 (in millions):

 

 

 

2017

 

2016

 

Balance as of January 1

 

$

216.5

 

$

190.9

 

Changes in estimates

 

 

 

Payments

 

(0.3

)

(1.7

)

Accretion expense

 

9.4

 

21.2

 

 

 

 

 

 

 

Balance as of September 30,

 

$

225.6

 

$

210.4