Investments in Unconsolidated Affiliates

3 Months Ended

Mar. 31, 2015

Investments in Unconsolidated Affiliates [Abstract]

Investments in Unconsolidated Affiliates

Note 7.  Investments in Unconsolidated Affiliates

The following table presents our investments in unconsolidated affiliates by business segment at the dates indicated.  We account for these investments using the equity method.

	Ownership Interest at March 31, 2015	March 31, 2015		December 31, 2014
NGL Pipelines & Services:
Venice Energy Service Company, L.L.C.	13.1%	$	27.0	$	27.7
K/D/S Promix, L.L.C.	50%		37.6		38.5
Baton Rouge Fractionators LLC	32.2%		18.6		18.8
Skelly-Belvieu Pipeline Company, L.L.C.	50%		39.5		40.1
Texas Express Pipeline LLC	35%		349.6		349.3
Texas Express Gathering LLC	45%		37.6		37.9
Front Range Pipeline LLC	33.3%		171.7		170.0
Onshore Natural Gas Pipelines & Services:
White River Hub, LLC	50%		23.1		23.2
Onshore Crude Oil Pipelines & Services:
Seaway Crude Pipeline Company LLC	50%		1,430.1		1,431.2
Eagle Ford Pipeline LLC	50%		350.5		336.5
Eagle Ford Terminals Corpus Christi LLC (1)	50%		17.3		--
Offshore Pipelines & Services:
Poseidon Oil Pipeline Company, L.L.C. (“Poseidon”)	36%		29.2		31.8
Cameron Highway Oil Pipeline Company	50%		198.1		201.3
Deepwater Gateway, L.L.C.	50%		78.9		79.6
Neptune Pipeline Company, L.L.C.	25.7%		33.7		34.9
Southeast Keathley Canyon Pipeline Company L.L.C.	50%		147.6		146.1
Petrochemical & Refined Products Services:
Baton Rouge Propylene Concentrator, LLC	30%		6.1		6.5
Centennial Pipeline LLC (“Centennial”)	50%		66.3		66.1
Other	Various		2.4		2.5
Total		$	3,064.9	$	3,042.0
(1)   New joint venture formed with Plains Marketing, L.P. in March 2015 to construct and operate a marine terminal that will handle crude oil delivered by Eagle Ford Pipeline LLC.

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

	For the Three Months Ended March 31,
	2015			2014
NGL Pipelines & Services	$	11.6		$	1.4
Onshore Natural Gas Pipelines & Services		0.9			0.9
Onshore Crude Oil Pipelines & Services		59.9			42.7
Offshore Pipelines & Services		20.2			11.1
Petrochemical & Refined Products Services		(3.4	)		0.4
Total	$	89.2		$	56.5

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

	March 31, 2015		December 31, 2014
NGL Pipelines & Services	$	26.2	$	26.5
Onshore Crude Oil Pipelines & Services		21.4		21.7
Offshore Pipelines & Services		53.1		9.0
Petrochemical & Refined Products Services		2.4		2.4
Total	$	103.1	$	59.6

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

	For the Three Months Ended March 31,
	2015		2014
NGL Pipelines & Services	$	0.3	$	0.3
Onshore Crude Oil Pipelines & Services		0.3		0.2
Offshore Pipelines & Services		2.0		0.2
Total	$	2.6	$	0.7

Other

The credit agreements of Poseidon and Centennial restrict their ability to pay cash dividends if a default or event of default (as defined in each credit agreement) has occurred and is continuing at the time such payments are scheduled to be paid.  These businesses were in compliance with the terms of their credit agreements at March 31, 2015.