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Investments in Unconsolidated Affiliates (Tables)
12 Months Ended
Dec. 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
December 31,
2012
 
 
December 31,
 
 
 
 
 
2012
 
 
2011
 
NGL Pipelines & Services:
 
 
 
 
 
 
Venice Energy Service Company, L.L.C. ("VESCO")
 
13.1%
 
 
$
29.6
 
 
$
35.5
 
K/D/S Promix, L.L.C.  ("Promix")
 
50%
 
 
 
46.9
 
 
 
40.7
 
Baton Rouge Fractionators LLC ("BRF")
 
32.2%
 
 
 
20.2
 
 
 
21.0
 
Skelly-Belvieu Pipeline Company, L.L.C.  ("Skelly-Belvieu")
 
50%
 
 
 
38.2
 
 
 
35.0
 
Texas Express Pipeline LLC ("Texas Express")
 
35%
 
 
 
144.4
 
 
 
13.9
 
Texas Express Gathering LLC ("TEG")
 
45%
 
 
 
20.9
 
 
 
--
 
Front Range Pipeline LLC ("Front Range")
 
33.3%
 
 
 
24.4
 
 
 
--
 
Onshore Natural Gas Pipelines & Services:
 
  
 
 
 
 
 
 
 
 
 
Evangeline (1)
 
--
 
 
 
--
 
 
 
4.4
 
White River Hub, LLC ("White River Hub")
 
50%
 
 
 
24.9
 
 
 
25.7
 
Onshore Crude Oil Pipelines & Services:
 
  
 
 
 
 
 
 
 
 
 
Seaway Crude Pipeline Company LLC ("Seaway")
 
50%
 
 
 
341.4
 
 
 
170.7
 
Eagle Ford Pipeline LLC ("Eagle Ford Crude Oil Pipeline")
 
50%
 
 
 
152.4
 
 
 
--
 
Offshore Pipelines & Services:
 
  
 
 
 
 
 
 
 
 
 
Poseidon Oil Pipeline Company, L.L.C. ("Poseidon")
 
36%
 
 
 
47.3
 
 
 
55.4
 
Cameron Highway Oil Pipeline Company ("Cameron Highway")
 
50%
 
 
 
220.0
 
 
 
222.8
 
Deepwater Gateway, L.L.C. ("Deepwater Gateway")
 
50%
 
 
 
90.0
 
 
 
94.6
 
Neptune Pipeline Company, L.L.C. ("Neptune")
 
25.7%
 
 
 
46.8
 
 
 
51.1
 
Southeast Keathley Canyon Pipeline Company L.L.C. ("SEKCO")
 
50%
 
 
 
74.9
 
 
 
1.0
 
Petrochemical & Refined Products Services:
 
 
 
 
 
 
 
 
 
 
 
Baton Rouge Propylene Concentrator, LLC  ("BRPC")
 
30%
 
 
 
8.5
 
 
 
9.5
 
Centennial Pipeline LLC ("Centennial")
 
50%
 
 
 
60.8
 
 
 
51.8
 
Other (2)
 
Various
 
 
 
3.0
 
 
 
3.4
 
Other Investments:
 
 
 
 
 
 
 
 
 
 
 
Energy Transfer Equity (3)
 
--
 
 
 
--
 
 
 
1,023.1
 
Total
 
  
 
 
$
1,394.6
 
 
$
1,859.6
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)   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.
(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)   See "Other Investments" within this Note 9 for information regarding the sale of our ownership interests in Energy Transfer Equity.
 

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

 
 
For Year Ended December 31,
 
 
 
2012
 
 
2011
 
 
2010
 
NGL Pipelines & Services
 
$
15.9
 
 
$
21.8
 
 
$
17.7
 
Onshore Natural Gas Pipelines & Services
 
 
4.4
 
 
 
5.5
 
 
 
4.6
 
Onshore Crude Oil Pipelines & Services
 
 
32.6
 
 
 
(4.1
)
 
 
6.7
 
Offshore Pipelines & Services
 
 
26.9
 
 
 
27.1
 
 
 
44.8
 
Petrochemical & Refined Products Services (1)
 
 
(17.9
)
 
 
(18.7
)
 
 
(9.0
)
Other Investments (2)
 
 
2.4
 
 
 
14.8
 
 
 
(2.8
)
Total
 
$
64.3
 
 
$
46.4
 
 
$
62.0
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)   Losses are primarily attributable to our investment in Centennial. As a result of a trend in declining earnings, we estimated the fair value of this equity-method investment during each of the last three fiscal years. Our estimates, based on a combination of the market and income approaches, indicate that the fair value of this investment remains substantially in excess of its carrying value.
(2)   With respect to the year ended December 31, 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 the unamortized excess cost amounts by business segment at the dates indicated:

 
 
December 31,
 
 
 
2012
 
 
2011
 
NGL Pipelines & Services
 
$
28.9
 
 
$
24.7
 
Onshore Crude Oil Pipelines & Services
 
 
18.5
 
 
 
19.2
 
Offshore Pipelines & Services
 
 
13.6
 
 
 
14.8
 
Petrochemical & Refined Products Services
 
 
2.7
 
 
 
2.9
 
Other Investments (1)
 
 
--
 
 
 
1,119.0
 
Total
 
$
63.7
 
 
$
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 had any excess cost amounts associated with this investment.  These excess cost amounts were attributable to various factors, including fixed assets, incentive distribution rights, amortizable intangible assets and equity method goodwill.
 

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

 
 
For Year Ended December 31,
 
 
 
2012
 
 
2011
 
 
2010
 
NGL Pipelines & Services
 
$
1.0
 
 
$
1.0
 
 
$
0.9
 
Onshore Crude Oil Pipelines & Services
 
 
0.7
 
 
 
0.7
 
 
 
0.7
 
Offshore Pipelines & Service
 
 
1.2
 
 
 
1.2
 
 
 
1.3
 
Petrochemical & Refined Products Services
 
 
0.2
 
 
 
0.1
 
 
 
1.0
 
Other Investments (1)
 
 
0.3
 
 
 
31.5
 
 
 
36.3
 
Total
 
$
3.4
 
 
$
34.5
 
 
$
40.2
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)   Reflects amortization of excess cost amounts related to our investment in Energy Transfer Equity through January 18, 2012, which is the date we ceased using the equity method to account for this investment.
 

The following table presents forecasted amortization of excess cost amounts for the years indicated.

2013
 
 
2014
 
 
2015
 
 
2016
 
 
2017
 
$
3.3
 
 
$
3.3
 
 
$
3.3
 
 
$
3.3
 
 
$
3.3
 


Combined balance sheet information for the last two years and results of operations data for the last three years for our unconsolidated affiliates, including Energy Transfer Equity and Evangeline for periods prior to January 1, 2012, are summarized in the following table (all data presented on a 100% basis):

 
 
At December 31,
 
 
 
 
 
2012
 
 
2011
 
 
 
BALANCE SHEET DATA:
 
 
 
 
 
 
Current assets
 
$
254.7
 
 
$
1,680.3
 
 
 
Property, plant and equipment, net
 
 
2,911.3
 
 
 
16,413.5
 
 
 
Other assets
 
 
3.2
 
 
 
4,893.7
 
 
 
Total assets
 
$
3,169.2
 
 
$
22,987.5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current liabilities
 
$
276.3
 
 
$
1,955.7
 
 
 
Other liabilities
 
 
272.1
 
 
 
11,897.1
 
 
 
Combined equity
 
 
2,620.8
 
 
 
9,134.7
 
 
 
Total liabilities and combined equity
 
$
3,169.2
 
 
$
22,987.5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For Year Ended December 31,
 
 
 
 2012
 
 
2011
 
 
2010
 
INCOME STATEMENT DATA:
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
670.1
 
 
$
9,119.9
 
 
$
7,437.0
 
Operating income
 
 
213.7
 
 
 
1,393.4
 
 
 
1,241.8
 
Net income
 
 
174.9
 
 
 
458.1
 
 
 
386.8