Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2012

Schedule Of Segment Reporting Information By Segment

The following tables set forth certain selected financial information for the Company’s segments for the periods presented or at the dates indicated:



	Successor			Predecessor
	Period from Acquisition (March 26, 2012) to December 31, 2012			Period from January 1, 2012 to March 25, 2012		Years Ended December 31,
				Period from January 1, 2012 to March 25, 2012		2011		2010
Operating revenues from external customers:
Transportation and Storage	$	592		$	194	$	804	$	769
Gathering and Processing	663			246		1,180		1,008
Total segment operating revenues	1,255			440		1,984		1,777
Corporate and other activities	8			3		13		12
	$	1,263		$	443	$	1,997	$	1,789
Depreciation and amortization:
Transportation and Storage	$	125		$	30	$	128	$	123
Gathering and Processing	52			18		73		70
Total segment depreciation and amortization	177			48		201		193
Corporate and other activities	2			1		3		3
	$	179		$	49	$	204	$	196
Earnings from unconsolidated investments:
Transportation and Storage	$	1		$	16	$	98	$	100
Gathering and Processing	(8		)	—		—		4
Corporate and other activities	—			—		1		1
	$	(7	)	$	16	$	99	$	105

Results from the Distribution segment were included in discontinued operations and therefore were not reflected in the table above.



	Successor			Predecessor
	Period from Acquisition (March 26, 2012) to December 31, 2012			Period from January 1, 2012 to March 25, 2012			Years Ended December 31,
				Period from January 1, 2012 to March 25, 2012			2011			2010
Segment Adjusted EBITDA:
Transportation and Storage	$	326		$	186		$	778		$	753
Gathering and Processing	40			25			125			127
Distribution	68			34			90			98
Corporate and other activities	8			(19		)	(6		)	6
Total Segment Adjusted EBITDA	442			226			987			984
Depreciation and amortization	(179		)	(49		)	(204		)	(196		)
Unrealized losses on unhedged derivative activities	—			—			—			(19		)
Net gain on curtailment of OPEB plans	15			—			—			—
Non-cash equity-based compensation, accretion expense and amortization of regulatory assets	(4		)	(1		)	(9		)	(8		)
Other, net	2			(2		)	—			2
Earnings (losses) from unconsolidated investments	(7		)	16			99			105
Adjusted EBITDA attributable to unconsolidated investments	(5		)	(61		)	(262		)	(267		)
Adjusted EBITDA attributable to discontinued operations	(83		)	(34		)	(99		)	(107		)
Interest expense	(131		)	(50		)	(218		)	(216		)
Income from continuing operations before income tax expense	$	50		$	45		$	294		$	278



	Successor		Predecessor
	December 31, 2012		December 31, 2011
Total assets:
Transportation and Storage	$	6,219	$	5,289
Gathering and Processing	1,965		1,743
Distribution	1,190		1,075
Total segment assets	9,374		8,107
Corporate and other activities	619		164
Total assets	$	9,993	$	8,271

Distribution segment assets have been reported as assets held for sale in the consolidated balance sheet at December 31, 2012.



	Successor		Predecessor
	Period from Acquisition (March 26, 2012) to December 31, 2012		Period from January 1, 2012 to March 25, 2012		Years Ended December 31,
			Period from January 1, 2012 to March 25, 2012		2011		2010
Expenditures for long-lived assets:
Transportation and Storage	$	96	$	23	$	102	$	146
Gathering and Processing	200		42		114		96
Distribution	44		9		51		41
Total segment expenditures for long-lived assets	340		74		267		283
Corporate and other activities	—		1		2		4
Total expenditures for long-lived assets	$	340	$	75	$	269	$	287

Schedules of Concentration of Risk, by Risk Factor [Table Text Block]

Significant Customers and Credit Risk. The following tables provide summary information of significant customers for Panhandle and SUGS by applicable segment and on a consolidated basis for the periods presented. Consolidated revenues for the periods presented exclude the Distribution segment, which was included in discontinued operations and therefore not reflected in the tables below. Additionally, the Distribution segment had no single customer or group of customers under common control that accounted for 10% or more of the Company’s Distribution segment or consolidated operating revenues for the periods presented.



	Percent of Transportation and Storage Segment Revenues
	Successor		Predecessor
	Period from Acquisition (March 26, 2012) to December 31, 2012		Period from January 1, 2012 to March 25, 2012		Years Ended December 31,
			Period from January 1, 2012 to March 25, 2012		2011		2010
BG LNG Services	31	%	30	%	30	%	29	%
ProLiance	12		13		13		13
Other top 10 customers	20		24		21		23
Remaining customers	37		33		36		35
Total percentage	100	%	100	%	100	%	100	%



	Percent of Consolidated Company Total Operating Revenues
	Successor		Predecessor
	Period from Acquisition (March 26, 2012) to December 31, 2012		Period from January 1, 2012 to March 25, 2012		Years Ended December 31,
			Period from January 1, 2012 to March 25, 2012		2011		2010
BG LNG Services	15	%	13	%	12	%	12	%
ProLiance	6		6		5		6
Other top 10 customers	9		11		8		10
Remaining customers	17		15		14		15
Total percentage	47	%	45	%	39	%	43	%



	Percent of Gathering and Processing Segment Revenues
	Successor		Predecessor
	Period from Acquisition (March 26, 2012) to December 31, 2012		Period from January 1, 2012 to March 25, 2012		Years Ended December 31,
			Period from January 1, 2012 to March 25, 2012		2011		2010
Phillips 66 Company ⁽¹⁾	68	%	73	%	62	%	54	%
Andrews Oil Buyers Inc.	6		6		12		12
Other top 10 customers	16		15		20		24
Remaining customers	10		6		6		10
Total percentage	100	%	100	%	100	%	100	%



	Percent of Consolidated Company Total Operating Revenues
	Successor		Predecessor
	Period from Acquisition (March 26, 2012) to December 31, 2012		Period from January 1, 2012 to March 25, 2012		Years Ended December 31,
			Period from January 1, 2012 to March 25, 2012		2011		2010
Phillips 66 Company⁽¹⁾	35	%	41	%	37	%	30	%
Andrews Oil Buyers Inc.	3		3		7		7
Other top 10 customers	8		8		12		13
Remaining customers	5		3		4		6
Total percentage	51	%	55	%	60	%	56	%


⁽¹⁾	For the five-year period ending December 31, 2014, SUGS has contracted to sell its entire owned or controlled output of NGL equity volumes to Phillips 66. Pricing for the NGL equity volumes sold to Conoco throughout the contract period will be OPIS pricing based at Mont Belvieu, Texas delivery points. SUGS has an option to extend the sales agreement for an additional five-year period.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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