Equity Investments And Membership Interests In Joint Ventures

6 Months Ended

Jun. 30, 2012

Equity Investments And Membership Interests In Joint Ventures [Abstract]

Equity Investments and Membership Interests in Joint Ventures

6. Equity Investments and Membership Interests in Joint Ventures

The Company accounts for its investments and membership interests in joint ventures under the equity method of accounting if the Company has the ability to exercise significant influence, but not control, over the entity. Below are the equity method investments reflected in the condensed consolidated balance sheets:

		Knight Hawk		DKRW		Dominion		Tenaska		Millennium		Tongue
		Holdings,		Advanced		Terminal		Trailblazer		Bulk		River
In thousands		LLC		Fuels, LLC		Associates		Partners, LLC		Terminals, LLC		Railroad, LLC		Total
Balance at December 31, 2011	$	135,225	$	19,715	$	16,086	$	15,266	$	26,324	$	12,989	$	225,605
Investments in affiliates		-		-		-		-		-		-		-
Advances to (distributions from) affiliates, net		(1,801)		-		2,150		-		4,842		675		5,866
Equity in comprehensive income (loss)		9,641		(1,551)		(2,374)		-		(1,888)		-		3,828
Balance at June 30, 2012	$	143,065	$	18,164	$	15,862	$	15,266	$	29,278	$	13,664	$	235,299
Notes receivable from investees:
Balance at December 31, 2011	$	-	$	30,751	$	-	$	5,059	$	-	$	-	$	35,810
Balance at June 30, 2012	$	-	$	34,817	$	-	$	5,047	$	-	$	-	$	39,864

The Company may be required to make future contingent payments of up to $73.0 million related to development financing for certain of its equity investees. The Company’s obligation to make these payments, as well as the timing of any payments required, is contingent upon a number of factors, including project development progress, receipt of permits and construction financing.