Related Party Transactions

3 Months Ended

Mar. 31, 2015

Related Party Transactions [Abstract]

Related Party Transactions

Note 12.  Related Party Transactions

The following table summarizes our related party transactions for the periods indicated:

	For the Three Months Ended March 31,
	2015		2014
Revenues – related parties:
Unconsolidated affiliates	$	6.1	$	35.5
Costs and expenses – related parties:
EPCO and affiliates	$	221.9	$	235.7
Unconsolidated affiliates		39.2		56.6
Total	$	261.1	$	292.3

The following table summarizes our related party accounts receivable and accounts payable balances at the dates indicated:

	March 31, 2015		December 31, 2014
Accounts receivable - related parties:
Unconsolidated affiliates	$	3.4	$	2.8
Accounts payable - related parties:
EPCO and affiliates	$	31.3	$	98.1
Unconsolidated affiliates		18.0		20.8
Total	$	49.3	$	118.9

We believe that the terms and provisions of our related party agreements are fair to us; however, such agreements and transactions may not be as favorable to us as we could have obtained from unaffiliated third parties.

Relationship with EPCO and Affiliates

We have an extensive and ongoing relationship with EPCO and its privately held affiliates (including Enterprise GP, our general partner), which are not a part of our consolidated group of companies.  At March 31, 2015, EPCO and its privately held affiliates (including Dan Duncan LLC and certain Duncan family trusts, the beneficiaries of which include the estate of Dan L. Duncan) beneficially owned the following limited partner interests in us:

Number of Units	Percentage of Total Units Outstanding
687,946,688	34.6%

We and Enterprise GP are both separate legal entities apart from each other and apart from EPCO and its other affiliates, with assets and liabilities that are also separate from those of EPCO and its other affiliates.  EPCO and its privately held affiliates depend on the cash distributions they receive from us and other investments to fund their other activities and to meet their debt obligations.  During the three months ended March 31, 2015 and 2014, we paid EPCO and its privately held affiliates cash distributions totaling $231.2 million and $214.2 million, respectively.

In March 2015, a privately held affiliate of EPCO purchased 3,225,057 common units from us under our at-the-market program for $31.01 per unit. See Note 10 for information regarding our at-the-market program.

We have no employees.  All of our operating functions and general and administrative support services are provided by employees of EPCO pursuant to the ASA or by other service providers.

The following table presents our costs and expenses attributable to the ASA and other related party transactions with EPCO for the periods indicated:

	For the Three Months Ended March 31,
	2015		2014
Operating costs and expenses	$	191.1	$	203.7
General and administrative expenses		30.8		32.0
Total costs and expenses	$	221.9	$	235.7