Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2012

The following tables provide a summary of related party transactions for the periods presented:



	Successor		Predecessor
Related Party Transactions	Three months ended June 30, 2012		Three months ended June 30, 2011
Transportation and storage of natural gas (1)	$	2,102	$	663
Operation and maintenance:
Management and royalty fees	4,632		4,743
Other expenses (2)	5,970		8,626
Other income, net:
Interest income - Southern Union	565		384
Interest income - CrossCountry Citrus	—		1,760
Other	68		64



	Successor		Predecessor
Related Party Transactions	Period from Acquisition (March 26, 2012) to June 30, 2012		Period from January 1, 2012 to March 25, 2012		Six months ended June 30, 2011
Transportation and storage of natural gas (1)	$	2,167	$	938	$	1,671
Operation and maintenance:
Management and royalty fees	4,969		4,843		9,798
Other expenses (2)	44,885		8,994		16,969
Other income, net:
Interest income - Southern Union	573		612		771
Interest income - CrossCountry Citrus	—		1,592		3,542
Other	72		68		130


⁽¹⁾	Represents transportation and storage revenues with Missouri Gas Energy, a Southern Union division and ETC, a subsidiary of ETP (in the post-acquisition period).


⁽²⁾	Primarily includes allocations of corporate charges for Merger-related employee expenses from Southern Union, partially offset for expenses attributable to services provided by Panhandle on behalf of other affiliate companies.

The following table provides a summary of the related party balances included in the Condensed Consolidated Balance Sheets at the dates indicated:



	Successor		Predecessor
	June 30, 2012		December 31, 2011
Notes receivable — related parties:
Current — CrossCountry Citrus	$	—	$	342,386
Noncurrent — Southern Union	710,480		688,330
Accounts receivable — related parties (1)	4,604		6,319
Accounts payable — related parties:
Southern Union — income taxes (2)	32,639		33,148
Southern Union — other (3)	15,054		18,729
Other (4)	166		178
	$	47,859	$	52,055


⁽¹⁾	Primarily related to services provided for Citrus, MGE and other affiliates. The December 31, 2011 balance also includes interest income associated with the Note receivable – CrossCountry Citrus.


⁽²⁾	Related to income taxes payable to Southern Union per the tax sharing agreement to provide for taxes to be remitted upon the filing of the tax return.


⁽³⁾	Primarily related to payroll funding including Merger-related expenses, provided by Southern Union. The June 30, 2012 and December 31, 2011 amounts are net of insurance proceeds of nil and $2.2 million, respectively, owed by Southern Union to the Company.


⁽⁴⁾	Primarily related to various administrative and operating costs paid by other affiliate companies on behalf of the Company.