Debt Obligations (Tables)

6 Months Ended

Jun. 30, 2012

Debt Disclosure [Abstract]

Schedule Of Debt Instruments

The following table sets forth the debt obligations of Southern Union and Panhandle at the dates indicated:

	Successor		Predecessor
	June 30, 2012		December 31, 2011
Long-Term Debt Obligations:
Southern Union:
7.60% Senior Notes due 2024	$	359,765	$	359,765
8.25% Senior Notes due 2029	300,000		300,000
7.24% to 9.44% First Mortgage Bonds due 2020 to 2027	19,500		19,500
7.20% Junior Subordinated Notes due 2066 (1)	600,000		600,000
Term Loan due 2013	—		250,000
Note Payable	7,465		7,746
Unamortized fair value adjustments	53,813		—
	1,340,543		1,537,011
Panhandle:
6.05% Senior Notes due 2013	250,000		250,000
6.20% Senior Notes due 2017	300,000		300,000
8.125% Senior Notes due 2019	150,000		150,000
7.00% Senior Notes due 2029	66,305		66,305
7.00% Senior Notes due 2018	400,000		400,000
Term Loan due 2012	—		797,386
Term Loan due 2015	455,000		—
Net premiums on long-term debt	—		2,924
Unamortized fair value adjustments	150,688		—
	1,771,993		1,966,615
Total Long-Term Debt Obligations	3,112,536		3,503,626
Credit Facilities	235,000		200,000
Note Payable — ETE	166,217		—
Total consolidated debt obligations	3,513,753		3,703,626
Less: Current portion of long term debt	853		343,254
Less: Short-term debt	401,217		200,000
Total long-term debt	$	3,111,683	$	3,160,372
Total fair value of consolidated debt obligations	$	3,542,118	$	3,964,549

⁽¹⁾  Effective November 1, 2011, the interest rate on the Junior Subordinated Notes changed to a variable rate based upon the three-month LIBOR rate plus 3.0175%, reset quarterly.  See Interest Rate Swaps below for more information regarding the interest rate on these notes.