Related Party Transactions

6 Months Ended

Jun. 30, 2013

Related Party Transactions [Abstract]

Related Party Transactions

RELATED PARTY TRANSACTIONS:

Accounts receivable from related companies reflected on the condensed consolidated balance sheets primarily related to services provided for Southern Union, ETE, ETP and other affiliates. Accounts payable to related companies reflected on the condensed consolidated balance sheets primarily related to payroll funding and overhead allocation provided by ETP and other affiliates.

Pursuant to a demand note with Southern Union under a cash management program, the Company loans excess cash, net of repayments, to Southern Union.  The Company is credited with interest on the note at a one-month LIBOR rate.  Given the uncertainties regarding the timing of the Company’s cash flows, including financings, capital expenditures and operating cash flows, the Company has reported the note receivable as a non-current asset.  The Company has access to the funds via advances from Southern Union and expects repayment to ultimately occur to primarily fund capital expenditures or debt retirements.

The following table provides a summary of the related party activity included in our condensed consolidated statements of operations:

	Three Months Ended June 30, 2013		Three Months Ended June 30, 2012
Transportation and storage of natural gas	$	3	$	2
Operating, maintenance and general	16		11		(1)
Interest income - affiliates	—		1

	Successor					Predecessor
	Six Months Ended June 30, 2013		Period from Acquisition (March 26, 2012) to June 30, 2012			Period from January 1, 2012 to March 25, 2012
Transportation and storage of natural gas	$	6	$	2		$	1
Operating, maintenance and general	32		50		(1)	14
Interest income - affiliates	1		1			2

⁽¹⁾  Primarily represents corporate charges for employee expenses related to the merger with ETE offset by expenses attributable to services provided by Panhandle on behalf of affiliated companies.