Investments in Unconsolidated Affiliates (Tables)

3 Months Ended

Mar. 31, 2012

Investments in Unconsolidated Affiliates [Abstract]

Investments in Unconsolidated Affiliates

The following table presents our investments in unconsolidated affiliates by business segment at the dates indicated.  Unless noted otherwise, we account for these investments using the equity method.

	Ownership Interest at March 31, 2012	March 31, 2012		December 31, 2011
NGL Pipelines & Services:
Venice Energy Service Company, L.L.C.	13.1%	$	34.8	$	35.5
K/D/S Promix, L.L.C.	50%		41.6		40.7
Baton Rouge Fractionators LLC	32.2%		20.9		21.0
Skelly-Belvieu Pipeline Company, L.L.C.	50%		39.6		35.0
Texas Express Pipeline LLC	45%		49.8		13.9
Onshore Natural Gas Pipelines & Services:
Evangeline (1)	49.5%		3.9		4.4
White River Hub, LLC	50%		25.4		25.7
Onshore Crude Oil Pipelines & Services:
Seaway Crude Pipeline LLC	50%		164.6		170.7
Offshore Pipelines & Services:
Poseidon Oil Pipeline Company, L.L.C. (“Poseidon”)	36%		52.7		55.4
Cameron Highway Oil Pipeline Company	50%		220.8		222.8
Deepwater Gateway, L.L.C.	50%		93.8		94.6
Neptune Pipeline Company, L.L.C.	25.7%		50.0		51.1
Southeast Keathley Canyon Pipeline Company L.L.C.	50%		33.7		1.0
Petrochemical & Refined Products Services:
Baton Rouge Propylene Concentrator, LLC	30%		9.0		9.5
Centennial Pipeline LLC (“Centennial”)	50%		51.4		51.8
Other (2)	Various		3.3		3.4
Other Investments:
Energy Transfer Equity (3)	1.3%		--		1,023.1
Total		$	895.3	$	1,859.6
(1)   Evangeline refers to our ownership interests in Evangeline Gas Pipeline Company, L.P. and Evangeline Gas Corp., collectively. (2)   Other unconsolidated affiliates include a 50% interest in a propylene pipeline extending from Mont Belvieu, Texas to La Porte, Texas and a 25% interest in a company that provides logistics communications solutions between petroleum pipelines and their customers. (3)   Effective January 18, 2012, our investment in Energy Transfer Equity common units is no longer accounted for using the equity method (see below).

The following table presents our equity in income (loss) of unconsolidated affiliates by business segment for the periods presented:

	For the Three Months
	Ended March 31,
	2012			2011
NGL Pipelines & Services	$	5.2		$	5.9
Onshore Natural Gas Pipelines & Services		1.4			1.2
Onshore Crude Oil Pipelines & Services		0.5			(0.5	)
Offshore Pipelines & Services		6.9			8.3
Petrochemical & Refined Products Services		(6.5	)		(5.0	)
Other Investments (1)		2.4			6.3
Total	$	9.9		$	16.2
(1)   With respect to the first quarter of 2012, amount presented reflects our estimated equity in the income of Energy Transfer Equity from January 1, 2012 to January 18, 2012.

The following table presents unamortized excess cost amounts by business segment at the dates indicated:

	March 31, 2012		December 31, 2011
NGL Pipelines & Services	$	24.5	$	24.7
Onshore Crude Oil Pipelines & Services		19.0		19.2
Offshore Pipelines & Services		14.5		14.8
Petrochemical & Refined Products Services		2.8		2.9
Other Investments (1)		--		1,119.0
Total	$	60.8	$	1,180.6
(1)   On January 18, 2012, we discontinued using the equity method to account for our investment in Energy Transfer Equity common units and began accounting for them as available-for-sale equity securities. As a result, we no longer have any excess cost amounts associated with this investment.

The following table presents our amortization of excess cost amounts by business segment for the periods presented:

	For the Three Months
	Ended March 31,
	2012		2011
NGL Pipelines & Services	$	0.2	$	0.3
Onshore Crude Oil Pipelines & Services		0.2		0.2
Offshore Pipelines & Services		0.3		0.3
Petrochemical & Refined Products Services		0.1		--
Other Investments (1)		0.3		9.1
Total	$	1.1	$	9.9
(1)   Reflects amortization of excess cost amounts related to our investment in Energy Transfer Equity through January 18, 2012. We ceased using the equity method to account for this investment on January 18, 2012.

The following table presents unaudited income statement information (on a 100% basis) of our unconsolidated affiliates, aggregated by the business segments to which they relate, for the periods presented:

	Summarized Income Statement Information for the Three Months Ended
	March 31, 2012								March 31, 2011
			Operating			Net					Operating			Net
	Revenues		Income (Loss)			Income (Loss)			Revenues		Income (Loss)			Income (Loss)
NGL Pipelines & Services	$	110.9	$	27.0		$	27.0		$	100.1	$	23.4		$	23.4
Onshore Natural Gas Pipelines & Services		30.9		2.6			2.6			35.5		2.6			2.6
Onshore Crude Oil Pipelines & Services		12.3		0.8			0.8			11.2		0.5			0.5
Offshore Pipelines & Services		41.1		19.1			18.4			46.3		18.9			18.7
Petrochemical & Refined Products Services		5.4		(9.4	)		(11.4	)		10.1		(7.0	)		(9.2	)
Other Investments (1)		--		--			--			1,989.1		364.2			88.6
(1)   On January 18, 2012, we discontinued using the equity method to account for our investment in Energy Transfer Equity common units. As such, income statement data for Energy Transfer Equity is not presented for the three months ended March 31, 2012. For the three months ended March 31, 2011, net income for Energy Transfer Equity represents net income attributable to their partners.