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PROPERTY, PLANT AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2021
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,
2021
December 31,
2020
  
(Thousands of dollars)
Nonregulated   
Gathering pipelines and related equipment
5 to 40
$4,371,936 $4,143,752 
Processing and fractionation and related equipment
3 to 40
5,356,508 5,084,802 
Storage and related equipment
3 to 54
874,522 798,785 
Transmission pipelines and related equipment
5 to 54
886,343 810,434 
General plant and other
2 to 60
695,117 647,675 
Construction work in process1,132,961 1,265,736 
Regulated
Storage and related equipment
5 to 25
9,197 9,180 
Natural gas transmission pipelines and related equipment
5 to 77
1,660,034 1,569,268 
NGL transmission pipelines and related equipment
5 to 88
8,595,968 8,423,544 
General plant and other
2 to 50
73,449 72,535 
Construction work in process164,504 247,224 
Property, plant and equipment 23,820,539 23,072,935 
Accumulated depreciation and amortization - nonregulated (2,885,020)(2,514,328)
Accumulated depreciation and amortization - regulated (1,615,645)(1,403,679)
Net property, plant and equipment $19,319,874 $19,154,928 
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,
 202120202019
Natural Gas Liquids2.2%2.2%2.0%
Natural Gas Pipelines2.1%2.1%2.1%