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Investments in Unconsolidated Affiliates (Tables)
12 Months Ended
Dec. 31, 2013
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,
 
December 31,
 
 
 
2013
 
2013
  
2012
 
NGL Pipelines & Services:
 
  
  
 
Venice Energy Service Company, L.L.C. ("VESCO")
  
13.1
%
 
$
27.6
  
$
29.6
 
K/D/S Promix, L.L.C. ("Promix")
  
50
%
  
45.4
   
46.9
 
Baton Rouge Fractionators LLC ("BRF")
  
32.2
%
  
19.5
   
20.2
 
Skelly-Belvieu Pipeline Company, L.L.C. ("Skelly-Belvieu")
  
50
%
  
40.8
   
38.2
 
Texas Express Pipeline LLC ("Texas Express")
  
35
%
  
339.9
   
144.4
 
Texas Express Gathering LLC ("TEG")
  
45
%
  
37.8
   
20.9
 
Front Range Pipeline LLC ("Front Range")
  
33.3
%
  
134.5
   
24.4
 
Onshore Natural Gas Pipelines & Services:
            
White River Hub, LLC ("White River Hub")
  
50
%
  
24.2
   
24.9
 
Onshore Crude Oil Pipelines & Services:
            
Seaway Crude Pipeline Company LLC ("Seaway")
  
50
%
  
940.7
   
341.4
 
Eagle Ford Pipeline LLC ("Eagle Ford Crude Oil Pipeline")
  
50
%
  
224.5
   
152.4
 
Offshore Pipelines & Services:
            
Poseidon Oil Pipeline Company, L.L.C. ("Poseidon")
  
36
%
  
41.7
   
47.3
 
Cameron Highway Oil Pipeline Company ("Cameron Highway")
  
50
%
  
207.7
   
220.0
 
Deepwater Gateway, L.L.C. ("Deepwater Gateway")
  
50
%
  
84.5
   
90.0
 
Neptune Pipeline Company, L.L.C. ("Neptune")
  
25.7
%
  
38.7
   
46.8
 
Southeast Keathley Canyon Pipeline Company, L.L.C. ("SEKCO")
  
50
%
  
159.2
   
74.9
 
Petrochemical & Refined Products Services:
            
Baton Rouge Propylene Concentrator, LLC ("BRPC")
  
30
%
  
7.6
   
8.5
 
Centennial Pipeline LLC ("Centennial")
  
50
%
  
60.1
   
60.8
 
Other (1)
 
Various
   
2.7
   
3.0
 
Total
     
$
2,437.1
  
$
1,394.6
 
 
(1)
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.
 
The following table presents our equity in income (loss) of unconsolidated affiliates by business segment for the periods indicated:

 
 
For the Year Ended December 31,
 
 
 
2013
  
2012
  
2011
 
NGL Pipelines & Services
 
$
15.7
  
$
15.9
  
$
21.8
 
Onshore Natural Gas Pipelines & Services
  
3.8
   
4.4
   
5.5
 
Onshore Crude Oil Pipelines & Services
  
140.3
   
32.6
   
(4.1
)
Offshore Pipelines & Services
  
29.8
   
26.9
   
27.1
 
Petrochemical & Refined Products Services (1)
  
(22.3
)
  
(17.9
)
  
(18.7
)
Other Investments (2)
  
--
   
2.4
   
14.8
 
Total
 
$
167.3
  
$
64.3
  
$
46.4
 
 
(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,
 
 
 
2013
  
2012
 
NGL Pipelines & Services
 
$
27.7
  
$
28.9
 
Onshore Crude Oil Pipelines & Services
  
17.8
   
18.5
 
Offshore Pipelines & Services
  
10.0
   
13.6
 
Petrochemical & Refined Products Services
  
2.6
   
2.7
 
Total
 
$
58.1
  
$
63.7
 
 
The following table presents our amortization of excess cost amounts by business segment for the periods indicated:

 
 
For the Year Ended December 31,
 
 
 
2013
  
2012
  
2011
 
NGL Pipelines & Services
 
$
1.2
  
$
1.0
  
$
1.0
 
Onshore Crude Oil Pipelines & Services
  
0.7
   
0.7
   
0.7
 
Offshore Pipelines & Service
  
1.3
   
1.2
   
1.2
 
Petrochemical & Refined Products Services
  
0.1
   
0.2
   
0.1
 
Other Investments (1)
  
--
   
0.3
   
31.5
 
Total
 
$
3.3
  
$
3.4
  
$
34.5
 
 
(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.

2014
 
2015
 
2016
 
2017
 
2018
 
 
$
3.2
  
$
3.2
  
$
3.2
  
$
3.2
  
$
3.2
 

Combined balance sheet information for the last two years and results of operations data for the last three years for our unconsolidated affiliates are summarized in the following table (all data presented on a 100% basis):

 
 
At December 31,
 
 
 
2013
  
2012
 
Balance Sheet Data:
 
  
 
Current assets
 
$
266.6
  
$
254.7
 
Property, plant and equipment, net
  
5,735.6
   
2,911.3
 
Other assets
  
24.9
   
3.2
 
Total assets
 
$
6,027.1
  
$
3,169.2
 
 
        
Current liabilities
 
$
494.6
  
$
276.3
 
Other liabilities
  
309.0
   
272.1
 
Combined equity
  
5,223.5
   
2,620.8
 
Total liabilities and combined equity
 
$
6,027.1
  
$
3,169.2
 
 
 
 
For the Year Ended December 31,
 
 
 
2013
  
2012
  
2011
 
Income Statement Data:
      
Revenues
 
$
947.4
  
$
670.1
  
$
9,119.9
 
Operating income
  
423.9
   
213.7
   
1,393.4
 
Net income
  
382.6
   
174.9
   
458.1