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Investments in Unconsolidated Affiliates (Tables)
9 Months Ended
Sep. 30, 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
September 30,
2012
 
 
September 30,
2012
 
 
December 31,
2011
 
NGL Pipelines & Services:
 
 
 
 
 
 
Venice Energy Service Company, L.L.C.
 
13.1%
 
 
$
31.9
 
 
$
35.5
 
K/D/S Promix, L.L.C.
 
50%
 
 
 
41.6
 
 
 
40.7
 
Baton Rouge Fractionators LLC
 
32.2%
 
 
 
19.9
 
 
 
21.0
 
Skelly-Belvieu Pipeline Company, L.L.C.
 
50%
 
 
 
37.9
 
 
 
35.0
 
Texas Express Pipeline LLC ("Texas Express")
 
35%
 
 
 
79.9
 
 
 
13.9
 
Texas Express Gathering LLC ("TEG") (1)
 
45%
 
 
 
18.6
 
 
 
--
 
Front Range Pipeline LLC ("Front Range")
 
33.3%
 
 
 
12.1
 
 
 
--
 
Onshore Natural Gas Pipelines & Services:
 
 
 
 
 
 
 
 
 
 
 
 
Evangeline (2)
 
--
 
 
 
--
 
 
 
4.4
 
White River Hub, LLC
 
50%
 
 
 
25.2
 
 
 
25.7
 
Onshore Crude Oil Pipelines & Services:
 
 
 
 
 
 
 
 
 
 
 
 
Seaway Crude Pipeline LLC
 
50%
 
 
 
254.6
 
 
 
170.7
 
Eagle Ford Pipeline LLC ("Eagle Ford Crude Oil Pipeline")
 
50%
 
 
 
117.1
 
 
 
--
 
Offshore Pipelines & Services:
 
 
 
 
 
 
 
 
 
 
 
 
Poseidon Oil Pipeline Company, L.L.C. ("Poseidon")
 
36%
 
 
 
48.3
 
 
 
55.4
 
Cameron Highway Oil Pipeline Company
 
50%
 
 
 
217.3
 
 
 
222.8
 
Deepwater Gateway, L.L.C.
 
50%
 
 
 
90.8
 
 
 
94.6
 
Neptune Pipeline Company, L.L.C.
 
25.7%
 
 
 
48.1
 
 
 
51.1
 
Southeast Keathley Canyon Pipeline Company L.L.C.
 
50%
 
 
 
57.5
 
 
 
1.0
 
Petrochemical & Refined Products Services:
 
 
 
 
 
 
 
 
 
 
 
 
Baton Rouge Propylene Concentrator, LLC
 
30%
 
 
 
8.2
 
 
 
9.5
 
Centennial Pipeline LLC ("Centennial")
 
50%
 
 
 
48.4
 
 
 
51.8
 
Other (3)
 
Various
 
 
 
3.0
 
 
 
3.4
 
Other Investments:
 
 
 
 
 
 
 
 
 
 
 
 
Energy Transfer Equity (4)
 
--
 
 
 
--
 
 
 
1,023.1
 
Total
 
 
 
 
 
$
1,160.4
 
 
$
1,859.6
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)   In April 2012, we, along with Enbridge Midcoast Energy, LP ("Enbridge") and WGR Asset Holding Company LLC formed a new joint venture, TEG, to design and construct two NGL gathering systems to complement the Texas Express Pipeline. Enbridge will construct and operate the systems, which are expected to begin service in the second quarter of 2013.
(2)   In June 2012, we acquired the remaining ownership interests in Evangeline Gas Pipeline Company, L.P. and Evangeline Gas Corp. (collectively "Evangeline") and they became wholly owned subsidiaries of ours.
(3)   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.
(4)   We ceased using the equity method to account for our investment in Energy Transfer Equity limited partner units effective January 18, 2012 and began accounting for them as available-for-sale securities. We completed the sale of the remaining Energy Transfer Equity units in April 2012 (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 September 30,
 
 
For the Nine Months
Ended September 30,
 
 
 
2012
 
 
2011
 
 
2012
 
 
2011
 
NGL Pipelines & Services
 
$
3.0
 
 
$
4.3
 
 
$
12.0
 
 
$
16.4
 
Onshore Natural Gas Pipelines & Services
 
 
0.9
 
 
 
1.4
 
 
 
3.5
 
 
 
4.1
 
Onshore Crude Oil Pipelines & Services
 
 
16.5
 
 
 
(1.0
)
 
 
20.6
 
 
 
(3.1
)
Offshore Pipelines & Services
 
 
6.8
 
 
 
5.4
 
 
 
17.8
 
 
 
20.3
 
Petrochemical & Refined Products Services
 
 
(6.2
)
 
 
(3.8
)
 
 
(14.1
)
 
 
(13.1
)
Other Investments (1)
 
 
--
 
 
 
2.3
 
 
 
2.4
 
 
 
11.3
 
Total
 
$
21.0
 
 
$
8.6
 
 
$
42.2
 
 
$
35.9
 
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
(1)   With respect to the nine months ended September 30, 2012, the amount presented reflects our 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:

 
 
September 30,
2012
 
 
December 31,
2011
 
NGL Pipelines & Services
 
$
24.0
 
 
$
24.7
 
Onshore Crude Oil Pipelines & Services
 
 
18.7
 
 
 
19.2
 
Offshore Pipelines & Services
 
 
13.9
 
 
 
14.8
 
Petrochemical & Refined Products Services
 
 
2.8
 
 
 
2.9
 
Other Investments (1)
 
 
--
 
 
 
1,119.0
 
Total
 
$
59.4
 
 
$
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 this investment as an available-for-sale security. As a result, we no longer recognized 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 September 30,
 
 
For the Nine Months
Ended September 30,
 
 
 
2012
 
 
2011
 
 
2012
 
 
2011
 
NGL Pipelines & Services
 
$
0.2
 
 
$
0.3
 
 
$
0.7
 
 
$
0.8
 
Onshore Crude Oil Pipelines & Services
 
 
0.2
 
 
 
0.1
 
 
 
0.5
 
 
 
0.5
 
Offshore Pipelines & Services
 
 
0.3
 
 
 
0.3
 
 
 
0.9
 
 
 
0.9
 
Petrochemical & Refined Products Services
 
 
--
 
 
 
0.1
 
 
 
0.1
 
 
 
0.1
 
Other Investments (1)
 
 
--
 
 
 
7.1
 
 
 
0.3
 
 
 
24.6
 
Total
 
$
0.7
 
 
$
7.9
 
 
$
2.5
 
 
$
26.9
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)   Reflects amortization of excess cost amounts related to our investment in Energy Transfer Equity from January 1, 2012 through January 18, 2012, which is the date we ceased using the equity method to account for this investment.
 

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

 
 
Summarized Income Statement Information for the Three Months Ended
 
 
 
September 30, 2012
 
 
September 30, 2011
 
 
 
Revenues
 
 
Operating
Income (Loss)
 
 
Net
Income (Loss)
 
 
Revenues
 
 
Operating
Income (Loss)
 
 
Net
Income (Loss)
 
NGL Pipelines & Services
 
$
63.9
 
 
$
4.9
 
 
$
4.9
 
 
$
105.2
 
 
$
20.7
 
 
$
20.5
 
Onshore Natural Gas Pipelines & Services
 
 
2.8
 
 
 
1.8
 
 
 
1.8
 
 
 
59.5
 
 
 
2.9
 
 
 
3.0
 
Onshore Crude Oil Pipelines & Services
 
 
49.8
 
 
 
43.2
 
 
 
33.0
 
 
 
11.9
 
 
 
(0.5
)
 
 
(0.5
)
Offshore Pipelines & Services
 
 
42.5
 
 
 
18.1
 
 
 
17.4
 
 
 
38.8
 
 
 
15.0
 
 
 
14.6
 
Petrochemical & Refined Products Services
 
 
4.0
 
 
 
(9.9
)
 
 
(11.8
)
 
 
5.9
 
 
 
(4.8
)
 
 
(6.9
)
Other Investments
 
 
--
 
 
 
--
 
 
 
--
 
 
 
2,097.9
 
 
 
270.0
 
 
 
69.1
 

 
 
Summarized Income Statement Information for the Nine Months Ended
 
 
 
September 30, 2012
 
 
September 30, 2011
 
 
 
Revenues
 
 
Operating
Income (Loss)
 
 
Net
Income (Loss)
 
 
Revenues
 
 
Operating
Income (Loss)
 
 
Net
Income (Loss)
 
NGL Pipelines & Services
 
$
246.3
 
 
$
47.2
 
 
$
47.1
 
 
$
321.7
 
 
$
74.6
 
 
$
74.5
 
Onshore Natural Gas Pipelines & Services
 
 
8.5
 
 
 
5.5
 
 
 
5.5
 
 
 
149.7
 
 
 
8.2
 
 
 
8.3
 
Onshore Crude Oil Pipelines & Services
 
 
83.6
 
 
 
51.4
 
 
 
41.1
 
 
 
32.7
 
 
 
(2.1
)
 
 
(2.1
)
Offshore Pipelines & Services
 
 
122.7
 
 
 
50.0
 
 
 
48.3
 
 
 
128.8
 
 
 
51.6
 
 
 
50.8
 
Petrochemical & Refined Products Services
 
 
15.3
 
 
 
(19.6
)
 
 
(25.6
)
 
 
25.2
 
 
 
(17.2
)
 
 
(23.7
)
Other Investments
 
 
--
 
 
 
--
 
 
 
--
 
 
 
6,061.9
 
 
 
894.8
 
 
 
224.0