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ASSET RETIREMENT OBLIGATION: (Tables)
3 Months Ended
Mar. 31, 2021
ASSET RETIREMENT OBLIGATION:  
Summary of asset retirement obligation activity

The following table summarizes the asset retirement obligation activity for the first quarter of 2021 and 2020 (in millions):

    

2021

    

2020

Balance as of January 1

$

545.0

$

262.3

Changes in estimates

 

 

Closure payments

 

(0.2)

 

(0.6)

Accretion expense

 

6.1

 

3.8

Balance as of March 31, 

$

550.9

$

265.5