Related Party Transactions

9 Months Ended

Sep. 30, 2012

RELATED PARTY TRANSACTIONS:

The following table provides a summary of the related party balances included in our condensed consolidated balance sheets at the dates indicated:



	Successor		Predecessor
	September 30, 2012		December 31, 2011
Investment in ETP	$	100,182	$	—
Accounts receivable — affiliates ⁽¹⁾	14,004		10,467
Note payable — ETE ⁽²⁾	166,217		—
Accounts payable — affiliates ⁽³⁾	32,251		178


⁽¹⁾	Primarily related to payroll funding and various administrative and operating costs paid by the Company on behalf of affiliates.


⁽²⁾	See Note 6 for more information regarding the note payable to ETE.


⁽³⁾	Primarily related to various administrative and operating costs paid by affiliates on behalf of the Company.

The following table provides a summary of the related party activity included in our condensed consolidated statements of operations. Prior period amounts were not included as they were immaterial.



	Successor
	Three months ended September 30, 2012			Period from Acquisition (March 26, 2012) to September 30, 2012
Operating revenues — ETE	$	10,180		$	19,076
Cost of natural gas and other energy	4,688			13,170
Operating, maintenance and general	20,235			23,537
Interest expense	3,487			3,351
Losses from unconsolidated investments	(1,065		)	(381		)

- Definition

The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

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+ Details