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CONSOLIDATED STATEMENT OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Equity earnings from unconsolidated affiliates (Note 3) $ 31 [1] $ 40 [1] $ 100 [1] $ 116 [1]
Transmission revenues 17 18 49 53
Operating expenses (4) (4) (12) (10)
General and administrative (1) (1) (5) (8)
Depreciation (2) (3) (8) (11)
Financial charges and other (6) (9) (17) (21)
Net income 35 [1] 41 [1] 107 [1],[2] 119 [1],[2]
Net income allocation (Note 6)        
Common units 34 40 105 117
General Partner 1 1 2 2
Net income allocated to partners (Note 6) $ 35 $ 41 $ 107 $ 119
Net income per common unit (Note 6) (in dollars per unit) $ 0.64 $ 0.75 $ 1.96 $ 2.33
Weighted average common units outstanding (millions) (in units) 53.5 53.5 53.5 50.2
Common units outstanding, end of period (millions) (in units) 53.5 53.5 53.5 53.5
[1] 25 percent interests in each of GTN and Bison were acquired in May 2011.
[2] 25 percent interests in each of GTN and Bison were acquired in May 2011, the first distribution was received in the fourth quarter of 2011.