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Partners' Capital (Tables)
6 Months Ended
Jun. 30, 2014
Partners' Capital.  
Schedule of cash distributions

The Partnership has declared quarterly distributions per unit to unitholders of record, including holders of common and subordinated units and the approximate 1.7% general partner interest and IDRs held by the General Partner as follows (in millions, except distribution per unit):

 

 

 

Distribution per

 

Amount Paid to

 

Amount Paid to

 

Amount Paid to

 

 

 

 

 

Limited Partner

 

Common

 

Subordinated

 

General

 

Total

 

Payment Date

 

Unit

 

Unitholders

 

Unitholder

 

Partner

 

Distribution

 

May 15, 2013

 

$

0.348

(1)

$

5.2

 

$

4.9

 

$

0.2

 

$

10.3

 

August 14, 2013

 

0.44

 

6.7

 

6.2

 

0.3

 

13.2

 

November 14, 2013

 

0.46

 

10.6

 

6.5

 

0.3

 

17.4

 

February 14, 2014

 

0.48

 

11.3

 

6.7

 

0.4

 

18.4

 

May 15, 2014

 

0.49

 

11.8

 

6.9

 

0.4

 

19.1

 

 

 

(1)     Prorated to reflect 72 days of quarterly cash distribution rate of $0.435 per unit.

Schedule of percentage allocations of available cash from operating surplus between the unitholders and general partner

 

 

 

 

 

Marginal percentage interest

 

 

 

Total quarterly

 

in distributions

 

 

 

distribution per unit

 

Unitholders

 

General partner

 

Minimum Quarterly Distribution

 

$0.425

 

98.3

%

1.7

%

First Target Distribution

 

up to $0.4888

 

98.3

%

1.7

%

Second Target Distribution

 

above $0.4888 up to $0.5313

 

85.3

%

14.7

%

Third Target Distribution

 

above $0.5313 up to $0.6375

 

75.3

%

24.7

%

Thereafter

 

above $0.6375

 

50.3

%

49.7

%