SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Summary of Significant Accounting Policies [Abstract]

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

Non-cash investing and financing activities and supplemental cash flow information are as follows:



	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
NON-CASH INVESTING ACTIVITIES:
Contribution from affiliate	$	376	$	—	$	—	$	—
SUPPLEMENTAL CASH FLOW INFORMATION:
Accrued capital expenditures	$	15	$	13	$	101	$	9
Cash paid for interest, net of interest capitalized	$	75	$	142	$	132	$	39

Schedule of Inventory, Current [Table Text Block]

The following table presents the components of inventory:



	December 31,
	2014		2013
Natural gas ⁽¹⁾	$	105	$	184
Materials and supplies	14		19
	$	119	$	203


⁽¹⁾	Natural gas volumes held for operations at December 31, 2014 and 2013 were 34.3 TBtu and 42.8 TBtu, respectively.

Revenue from External Customers by Products and Services [Table Text Block]

The following table presents the relative contribution to the Company’s total operating revenue from continuing operations of each customer that comprised at least 10% of its operating revenues:



	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
Phillips 66 Company⁽¹⁾	—	%	10	%	28	%	35	%
BG Energy Holdings LTD⁽²⁾	—		22		14		14
Ameren Corporation	11		6		3		4
Other top 10 customers	40		20		22		21
Remaining customers	49		42		33		26
Total percentage	100	%	100	%	100	%	100	%


⁽¹⁾	SUGS, which was deconsolidated on April 30, 2013, had contracted to sell its entire owned or controlled output of NGL equity volumes to Phillips 66. Pricing for the NGL equity volumes sold to Phillips 66 throughout the contract period was OPIS pricing based at Mont Belvieu, Texas delivery points.


⁽²⁾	BG Energy Holdings LTD is the sole customer of Lake Charles LNG, which was deconsolidated effective January 1, 2014. See Note 3.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

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