PSCo records amortization for its capital leases as cost of natural gas sold and transported on the consolidated statements of income. Total amortization expenses under capital lease assets were approximately $6.3 million, $5.7 million and $3.2 million for 2013, 2012 and 2011, respectively. Following is a summary of property held under capital leases:
|
| | | | | | | | |
(Millions of Dollars) | | 2013 | | 2012 |
Storage, leaseholds and rights | | $ | 200.5 |
| | $ | 200.5 |
|
Gas pipeline | | 20.7 |
| | 20.7 |
|
Property held under capital lease | | 221.2 |
| | 221.2 |
|
Accumulated depreciation | | (41.8 | ) | | (35.5 | ) |
Total property held under capital leases, net | | $ | 179.4 |
| | $ | 185.7 |
|
