CONSOLIDATED ENTITIES AND EQUITY METHOD INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2020

Selected financial information of SNG for the three and six months ended June 30, 2020 and 2019 is as follows:



Income Statement Information	Three Months Ended June 30, 2020		Three Months Ended June 30, 2019		Six Months Ended June 30, 2020		Six Months Ended June 30, 2019
	(in millions)
Revenues	$	149	$	155	$	307	$	321
Operating income	78		86		176		192
Net income	55		64		130		148

The carrying amounts of Southern Company Gas' equity method investments as of June 30, 2020 and December 31, 2019 and related income from those investments for the three and six months ended June 30, 2020 and 2019 were as follows:



Investment Balance	June 30, 2020		December 31, 2019^(a)
	(in millions)
SNG^(b)	$	1,189	$	1,137
PennEast Pipeline^(c)	87		82
Other	32		32
Total	$	1,308	$	1,251


(a)	Excludes investments in Atlantic Coast Pipeline and Pivotal JAX LNG classified as held for sale at December 31, 2019. See Note 15 to the financial statements under "Assets Held for Sale" in Item 8 of the Form 10-K for additional information.


(b)	Increase primarily relates to a capital contribution, partially offset by the continued amortization of deferred tax assets established upon acquisition.

(c)

See Note (C) under "Other Matters – Southern Company Gas" for additional information on the PennEast Pipeline.

Schedule of Other Nonoperating Income, by Component



Earnings from Equity Method Investments	Three Months Ended June 30, 2020		Three Months Ended June 30, 2019			Six Months Ended June 30, 2020		Six Months Ended June 30, 2019
	(in millions)
SNG	$	28	$	32		$	65	$	74
Atlantic Coast Pipeline^(a)(b)	—		3			3		6
PennEast Pipeline^(a)	1		1			3		3
Other	1		(5		)	1		(3		)
Total	$	30	$	31		$	72	$	80


(a)	Amounts primarily result from AFUDC equity recorded by the project entity.

(b)

On March 24, 2020, Southern Company Gas completed the sale of its interest in Atlantic Coast Pipeline. See Note (K) under "Southern Company Gas" for additional information.