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PROPERTY, PLANT AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment by Property Type
The following table sets forth our property, plant and equipment by property type, for the periods indicated:
Estimated Useful
Lives (Years)
December 31,
2020
December 31,
2019
  
(Thousands of dollars)
Nonregulated   
Gathering pipelines and related equipment
5 to 40
$4,143,752 $4,316,936 
Processing and fractionation and related equipment
3 to 40
5,084,802 4,439,332 
Storage and related equipment
3 to 54
798,785 684,635 
Transmission pipelines and related equipment
5 to 54
810,434 797,678 
General plant and other
2 to 60
647,675 610,013 
Construction work in process1,265,736 1,645,663 
Regulated
Storage and related equipment
5 to 25
9,180 9,180 
Natural gas transmission pipelines and related equipment
5 to 77
1,569,268 1,552,546 
NGL transmission pipelines and related equipment
5 to 88
8,423,544 6,126,056 
General plant and other
2 to 50
72,535 66,507 
Construction work in process247,224 1,802,946 
Property, plant and equipment 23,072,935 22,051,492 
Accumulated depreciation and amortization - nonregulated (2,514,328)(2,471,649)
Accumulated depreciation and amortization - regulated (1,403,679)(1,231,158)
Net property, plant and equipment $19,154,928 $18,348,685 
Average Depreciation Rates for Regulated Property
The average depreciation rates for our regulated property are set forth, by segment, in the following table for the periods indicated:
 Years Ended December 31,
 202020192018
Natural Gas Liquids2.2%2.0%1.9%
Natural Gas Pipelines2.1%2.1%2.1%