Reportable Segments (Tables)

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information By Segment

The following tables set forth certain selected financial information for the Company’s segments:

	Three Months Ended September 30, 2013		Three Months Ended September 30, 2012
Operating revenues from external customers:
Transportation and Storage	$	180	$	188
Gathering and Processing	—		213
Total segment operating revenues	180		401
Corporate and other activities	2		3
	$	182	$	404

	Successor				Predecessor
	Nine Months Ended September 30, 2013		Period from Acquisition (March 26, 2012) to September 30, 2012		Period from January 1, 2012 to March 25, 2012
Operating revenues from external customers:
Transportation and Storage	$	611	$	387	$	194
Gathering and Processing	271		430		246
Total segment operating revenues	882		817		440
Corporate and other activities	9		5		3
	$	891	$	822	$	443

	Three Months Ended September 30, 2013			Three Months Ended September 30, 2012
Segment Adjusted EBITDA:
Transportation and Storage	$	114		$	119
Gathering and Processing	—			25
Corporate and other activities (1)	39			25
Total Segment Adjusted EBITDA	153			169
Depreciation and amortization	(41		)	(67		)
Interest expense, net of interest capitalized	(39		)	(34		)
Non-cash equity-based compensation, accretion expense and amortization of regulatory assets	(3		)	—
Other, net	3			(1		)
Earnings (losses) from unconsolidated investments	9			(1		)
Adjusted EBITDA attributable to unconsolidated investments	(30		)	(4		)
Adjusted EBITDA attributable to discontinued operations	(12		)	(23		)
Income from continuing operations before income tax expense	$	40		$	39

⁽¹⁾ Corporate and other activities includes the operations of MGE and NEG, which have been reported as discontinued operations for all periods presented. MGE and NEG were previously reported within the Distribution segment.

	Successor						Predecessor
	Nine Months Ended September 30, 2013			Period from Acquisition (March 26, 2012) to September 30, 2012			Period from January 1, 2012 to March 25, 2012
Segment Adjusted EBITDA:
Transportation and Storage	$	407		$	198		$	186
Gathering and Processing	(7		)	36			25
Corporate and other activities (1)	122			41			15
Total Segment Adjusted EBITDA	522			275			226
Depreciation and amortization	(147		)	(137		)	(49		)
Interest expense, net of interest capitalized	(84		)	(95		)	(50		)
Net gain on curtailment of OPEB plans	—			15			—
Non-cash equity-based compensation, accretion expense and amortization of regulatory assets	(7		)	(1		)	(1		)
Other, net	2			—			(2		)
Earnings from unconsolidated investments	15			—			16
Adjusted EBITDA attributable to unconsolidated investments	(56		)	(8		)	(61		)
Adjusted EBITDA attributable to discontinued operations	(75		)	(52		)	(34		)
Income (loss) from continuing operations before income tax expense	$	170		$	(3	)	$	45

⁽¹⁾  Corporate and other activities includes the operations of MGE and NEG, which have been reported as discontinued operations for all periods presented. MGE and NEG were previously reported within the Distribution segment.

	September 30, 2013		December 31, 2012
Total assets:
Transportation and Storage	$	6,152	$	6,219
Gathering and Processing (1)	—		1,965
Total segment assets	6,152		8,184
Corporate and other activities (2)	2,514		1,809
Total assets	$	8,666	$	9,993

⁽¹⁾  The Gathering and Processing segment was contributed to Regency on April 30, 2013. See Note 2.

⁽²⁾  Corporate and other activities includes the assets of NEG, which have been reported as assets held for sale in the condensed consolidated balance sheets at September 30, 2013 and December 31, 2012. MGE is also included in the balance at December 31, 2012.