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Investments in Unconsolidated Affiliates | 6 Months Ended
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Jun. 30, 2013
Investments in Unconsolidated Affiliates [Abstract] |
Investments in Unconsolidated Affiliates | Note 7. Investments in Unconsolidated Affiliates The following table presents our investments in unconsolidated affiliates by business segment at the dates indicated. Unless noted otherwise, we account for these investments using the equity method.
|  | Ownership Interest at June 30, 2013 |  |  | June 30, 2013 |  |  | December 31, 2012 |
NGL Pipelines & Services: |  |  |  |  |  |  |  |  |  |
Venice Energy Service Company, L.L.C. |  |  | 13.1% |  |  | $ | 30.6 |  |  | $ | 29.6 |
K/D/S Promix, L.L.C. |  |  | 50% |  |  |  | 45.2 |  |  |  | 46.9 |
Baton Rouge Fractionators LLC |  |  | 32.2% |  |  |  | 19.4 |  |  |  | 20.2 |
Skelly-Belvieu Pipeline Company, L.L.C. |  |  | 50% |  |  |  | 40.3 |  |  |  | 38.2 |
Texas Express Pipeline LLC |  |  | 35% |  |  |  | 282.7 |  |  |  | 144.4 |
Texas Express Gathering LLC |  |  | 45% |  |  |  | 29.2 |  |  |  | 20.9 |
Front Range Pipeline LLC |  |  | 33.3% |  |  |  | 68.1 |  |  |  | 24.4 |
Onshore Natural Gas Pipelines & Services: |  |  |  |  |  |  |  |  |  |  |  |  |
White River Hub, LLC |  |  | 50% |  |  |  | 24.4 |  |  |  | 24.9 |
Onshore Crude Oil Pipelines & Services: |  |  |  |  |  |  |  |  |  |  |  |  |
Seaway Crude Pipeline Company LLC |  |  | 50% |  |  |  | 558.1 |  |  |  | 341.4 |
Eagle Ford Pipeline LLC |  |  | 50% |  |  |  | 225.0 |  |  |  | 152.4 |
Offshore Pipelines & Services: |  |  |  |  |  |  |  |  |  |  |  |  |
Poseidon Oil Pipeline Company, L.L.C. ("Poseidon") |  |  | 36% |  |  |  | 45.4 |  |  |  | 47.3 |
Cameron Highway Oil Pipeline Company |  |  | 50% |  |  |  | 211.1 |  |  |  | 220.0 |
Deepwater Gateway, L.L.C. |  |  | 50% |  |  |  | 87.2 |  |  |  | 90.0 |
Neptune Pipeline Company, L.L.C. |  |  | 25.7% |  |  |  | 44.6 |  |  |  | 46.8 |
Southeast Keathley Canyon Pipeline Company L.L.C. |  |  | 50% |  |  |  | 155.0 |  |  |  | 74.9 |
Petrochemical & Refined Products Services: |  |  |  |  |  |  |  |  |  |  |  |  |
Baton Rouge Propylene Concentrator, LLC |  |  | 30% |  |  |  | 8.0 |  |  |  | 8.5 |
Centennial Pipeline LLC ("Centennial") |  |  | 50% |  |  |  | 61.5 |  |  |  | 60.8 |
Other (1) |  |  | Various |  |  |  | 3.0 |  |  |  | 3.0 |
Total |  |  |  |  |  |  | $ | 1,938.8 |  |  | $ | 1,394.6 |
(1) Other unconsolidated affiliates include a 50% interest in a propylene pipeline extending from Mont Belvieu, Texas to La Porte, Texas and a 25% interest in a company that provides logistics communications solutions between petroleum pipelines and their customers. |
The following table presents our equity in income (loss) of unconsolidated affiliates by business segment for the periods indicated:
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
NGL Pipelines & Services |  | $ | 3.8 |  |  | $ | 3.8 |  |  | $ | 7.7 |  |  | $ | 9.0 |
Onshore Natural Gas Pipelines & Services |  |  | 0.9 |  |  |  | 1.2 |  |  |  | 1.9 |  |  |  | 2.6 |
Onshore Crude Oil Pipelines & Services |  |  | 30.1 |  |  |  | 3.6 |  |  |  | 66.7 |  |  |  | 4.1 |
Offshore Pipelines & Services |  |  | 8.7 |  |  |  | 4.1 |  |  |  | 15.1 |  |  |  | 11.0 |
Petrochemical & Refined Products Services |  |  | (5.9 | ) |  |  | (1.4 | ) |  |  | (9.3 | ) |  |  | (7.9 | )
Other Investments |  |  | -- |  |  |  | -- |  |  |  | -- |  |  |  | 2.4 |
Total |  | $ | 37.6 |  |  | $ | 11.3 |  |  | $ | 82.1 |  |  | $ | 21.2 |
The following table presents our unamortized excess cost amounts by business segment at the dates indicated:
|  | June 30, 2013 |  |  | December 31, 2012 |
NGL Pipelines & Services |  | $ | 28.3 |  |  | $ | 28.9 |
Onshore Crude Oil Pipelines & Services |  |  | 18.1 |  |  |  | 18.5 |
Offshore Pipelines & Services |  |  | 12.9 |  |  |  | 13.6 |
Petrochemical & Refined Products Services |  |  | 2.7 |  |  |  | 2.7 |
Total |  | $ | 62.0 |  |  | $ | 63.7 |
The following table presents our amortization of excess cost amounts by business segment for the periods indicated:
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
NGL Pipelines & Services |  | $ | 0.3 |  |  | $ | 0.3 |  |  | $ | 0.6 |  |  | $ | 0.5 |
Onshore Crude Oil Pipelines & Services |  |  | 0.2 |  |  |  | 0.1 |  |  |  | 0.4 |  |  |  | 0.3 |
Offshore Pipelines & Services |  |  | 0.4 |  |  |  | 0.3 |  |  |  | 0.7 |  |  |  | 0.6 |
Petrochemical & Refined Products Services |  |  | -- |  |  |  | -- |  |  |  | -- |  |  |  | 0.1 |
Other Investments |  |  | -- |  |  |  | -- |  |  |  | -- |  |  |  | 0.3 |
Total |  | $ | 0.9 |  |  | $ | 0.7 |  |  | $ | 1.7 |  |  | $ | 1.8 |
Liquidation of Investment in Energy Transfer Equity The Other Investments segment included our noncontrolling ownership interest in Energy Transfer Equity, which was accounted for using the equity method until January 18, 2012. At December 31, 2011, we owned 29,303,514 common units of Energy Transfer Equity representing 13.1% of its limited partner interests. On January 18, 2012, we sold 22,762,636 of these common units in a private transaction, which generated cash proceeds of $825.1 million and a gain on the sale of $27.5 million. As a result of the January 18, 2012 transaction, our ownership interest in Energy Transfer Equity was reduced below 3%, and we discontinued using the equity method to account for this investment and began accounting for it as an investment in available-for-sale equity securities. Following the January 18, 2012 transaction, we sold the remaining 6,540,878 Energy Transfer Equity common units through April 27, 2012, which generated cash proceeds of $270.2 million and gains on these sales totaling $41.3 million. The $68.8 million of aggregate gains on the 2012 sales, of which $15.5 million are attributed to sales during the second quarter of 2012, are a component of "Other income" on our Unaudited Condensed Statements of Consolidated Operations. All activities included in our former sixth reportable business segment, Other Investments, ceased on January 18, 2012, which was the date we discontinued using the equity method to account for our investment in Energy Transfer Equity. See Note 11 for additional information regarding our business segments. Summarized Income Statement Information of Unconsolidated Affiliates The following tables present unaudited income statement information (on a 100% basis for the periods indicated) of our unconsolidated affiliates, aggregated by the business segments to which they relate:
|  | Summarized Income Statement Information for the Three Months Ended |
|  | June 30, 2013 |  |  | June 30, 2012 |
|  | Revenues |  |  | Operating Income (Loss) |  |  | Net Income (Loss) |  |  | Revenues |  |  | Operating Income (Loss) |  |  | Net Income (Loss) |
NGL Pipelines & Services |  | $ | 71.5 |  |  | $ | 12.7 |  |  | $ | 12.6 |  |  | $ | 71.5 |  |  | $ | 15.3 |  |  | $ | 15.2 |
Onshore Natural Gas Pipelines & Services |  |  | 2.9 |  |  |  | 1.8 |  |  |  | 1.8 |  |  |  | 2.9 |  |  |  | 1.9 |  |  |  | 1.9 |
Onshore Crude Oil Pipelines & Services |  |  | 88.4 |  |  |  | 63.4 |  |  |  | 59.1 |  |  |  | 21.5 |  |  |  | 7.4 |  |  |  | 7.3 |
Offshore Pipelines & Services |  |  | 46.9 |  |  |  | 24.2 |  |  |  | 23.9 |  |  |  | 39.1 |  |  |  | 12.8 |  |  |  | 12.5 |
Petrochemical & Refined Products Services |  |  | 5.7 |  |  |  | (9.2 | ) |  |  | (11.0 | ) |  |  | 5.9 |  |  |  | (0.3 | ) |  |  | (2.4 | )
|  | Summarized Income Statement Information for the Six Months Ended |
|  | June 30, 2013 |  |  | June 30, 2012 |
|  | Revenues |  |  | Operating Income (Loss) |  |  | Net Income (Loss) |  |  | Revenues |  |  | Operating Income (Loss) |  |  | Net Income (Loss) |
NGL Pipelines & Services |  | $ | 154.9 |  |  | $ | 28.0 |  |  | $ | 27.8 |  |  | $ | 182.4 |  |  | $ | 42.3 |  |  | $ | 42.2 |
Onshore Natural Gas Pipelines & Services |  |  | 5.8 |  |  |  | 3.7 |  |  |  | 3.7 |  |  |  | 5.7 |  |  |  | 3.7 |  |  |  | 3.7 |
Onshore Crude Oil Pipelines & Services |  |  | 166.9 |  |  |  | 135.1 |  |  |  | 127.0 |  |  |  | 33.8 |  |  |  | 8.2 |  |  |  | 8.1 |
Offshore Pipelines & Services |  |  | 89.2 |  |  |  | 42.2 |  |  |  | 41.2 |  |  |  | 80.2 |  |  |  | 31.9 |  |  |  | 30.9 |
Petrochemical & Refined Products Services |  |  | 11.7 |  |  |  | (13.1 | ) |  |  | (16.8 | ) |  |  | 11.3 |  |  |  | (9.7 | ) |  |  | (13.8 | )
Other The credit agreements of Poseidon and Centennial restrict their ability to pay cash dividends if a default or event of default (as defined in each credit agreement) has occurred and is continuing at the time such payments are scheduled to be paid. These businesses were in compliance with the terms of their credit agreements at June 30, 2013.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32847-111569 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32787-111569 + Details
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