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Additionally, we have elected a $300,000 threshold to disclose certain proceedings arising under federal, state or local environmental laws when a governmental authority is a party to the proceedings.
−Removed: During the first quarter of 2024, no such new matters arose and there was one material development with respect to matters previously reported but still unresolved, which is described below.
+Added: During the second quarter of 2024, no such new matters arose and there was one material development with respect to matters previously reported but still unresolved, which is described below.
We do not currently believe that the eventual outcome of any matters previously reported but still unresolved, individually or in the aggregate, could have a material adverse effect on our business, financial condition, results of operations or cash flows.
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Two additional and related NOVs were then issued in 2021 and 2023.
−Removed: DCP Operating LP and the CDPHE have reached a tentative agreement to resolve these matters for aggregate monetary civil penalties of approximately $4 million.
+Added: A final order was reached with the State in May 2024 with a penalty of $3.8 million.
As part of the settlement, DCP Operating LP will install emissions management equipment that will address the alleged violations.
−Removed: A final order to resolve these matters is expected to be issued during the second quarter of 2024.
See “Dakota Access, LLC (Dakota Access) and Energy Transfer Crude Oil Company, LLC (ETCO)” section of Note 7—Investments, Loans and Long-Term Receivables and Note 13—Contingencies and Commitments, in the Notes to Consolidated Financial Statements, for additional information regarding Legal Proceedings and other regulatory actions.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.