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ASSET RETIREMENT OBLIGATION: (Tables)
6 Months Ended
Jun. 30, 2021
ASSET RETIREMENT OBLIGATION:  
Summary of asset retirement obligation activity

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

    

2021

    

2020

Balance as of January 1

$

545.0

$

262.3

Closure payments

 

(1.9)

 

(0.8)

Accretion expense

 

12.2

 

7.4

Balance as of June 30, 

$

555.3

$

268.9