Related Party Transactions

12 Months Ended

Dec. 31, 2014

RELATED PARTY TRANSACTIONS:

The following table provides a summary of the related party balances included in the consolidated balance sheets:



	December 31,
	2014		2013
Non-current notes receivable from related party — ETP	$	—	$	396

Accounts receivable from related companies ⁽¹⁾	$	128	$	64

Accounts payable to related companies ⁽²⁾	$	38	$	181

Non-current note payable to related party — ETP	$	—	$	1,090

Advances from affiliates	$	51	$	—


⁽¹⁾	Accounts receivable from related companies reflected above primarily related to services provided for ETE, ETP and other affiliates.


⁽²⁾	Accounts payable to related companies reflected above primarily related to payroll funding and various services provided by ETP and other affiliates.

The following tables provide a summary of related party activity included in our consolidated statements of operations:



	Successor									Predecessor
	Year Ended December 31, 2014			Year Ended December 31, 2013		Period from Acquisition (March 26, 2012) to December 31, 2012				Period from January 1, 2012 to March 25, 2012
Operating revenues ⁽¹⁾	$	33		$	56	$	29			$	4
Cost of natural gas and other energy	—			17		21				—
Operating, maintenance and general	49			71		125			⁽²⁾	14
Interest expense, net of interest capitalized	—			31		3				—
Interest income — affiliates	23			9		—				—
Equity in earnings (losses) of unconsolidated investments	(12		)	15		(7		)		16


⁽¹⁾	Represents transportation and storage revenues with ETC and Sunoco, Inc., subsidiaries of ETP, in the successor periods.


⁽²⁾	Primarily represents corporate charges for employee expenses related to the ETE Merger offset by expenses attributable to services provided by Panhandle on behalf of other affiliate companies.

The following table provides a summary of distributions received from related parties:



	Successor						Predecessor
	Year Ended December 31, 2014		Year Ended December 31, 2013		Period from Acquisition (March 26, 2012) to December 31, 2012		Period from January 1, 2012 to March 25, 2012
Distributions related to investment in:
ETP	$	9	$	8	$	6	$	—
Regency	61		44		—		—

- Definition

The entire disclosure for related party transactions. 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+ Details