XML 30 R29.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Partners' Capital and Distributions (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2012
Partners' Capital and Distributions |
Total cash distributions paid or to be paid |
|  |  |  | Distributions Paid |  | Distributions |
|  |  |  | Common |  | General Partner |  |  |  | per limited |
Date Declared |  | Date Paid or To Be Paid |  | Units |  | Incentive |  | 2% |  | Total |  | partner unit |
April 10, 2012 |  | May 15, 2012 (1) |  | $ | 169 |  | $ | 65 |  | $ | 3 |  | $ | 237 |  | $ | 1.0450 |
January 10, 2012 |  | February 14, 2012 |  | $ | 159 |  | $ | 63 |  | $ | 3 |  | $ | 225 |  | $ | 1.0250 |
(1) Payable to unitholders of record at the close of business on May 4, 2012, for the period January 1, 2012 through March 31, 2012.
Equity offerings of common units |
|  |  |  | Gross |  | Proceeds |  | General Partner |  |  |  | Net |
Date |  | Units Issued |  | Unit Price |  | from Sale |  | Contribution |  | Costs |  | Proceeds |
March 2012 (1) |  | 5,750,000 |  | $ | 80.03 |  | $ | 460 |  | $ | 9 |  | $ | (14 | ) | $ | 455 |
(1) This offering of common units was an underwritten transaction that required us to pay a gross spread. The net proceeds from this offering were used to fund a portion of the BP NGL acquisition, to reduce outstanding borrowings under our credit facilities and for general partnership purposes.
Operational and financial conditions necessary for conversion of Series B subordinated units to Series A subordinated units |
|  | Series B Subordinated Units to Convert into Series A Subordinated Units |  | Working Gas Storage Capacity (Bcf) |  | Annualized Distribution Level (1) |
Tranche 1 |  | 2.6 |  | 29.6 |  | $ | 1.71 |
Tranche 2 |  | 2.8 |  | 35.6 |  | $ | 1.71 |
Tranche 3 |  | 2.1 |  | 41.6 |  | $ | 1.71 |
Tranche 4 |  | 3.0 |  | 48.0 |  | $ | 1.71 |
Tranche 5 |  | 3.0 |  | 48.0 |  | $ | 1.80 |
(1) For satisfaction of this benchmark, PNG must, for two consecutive quarters, (i) maintain distributable cash flow sufficient to pay a quarterly distribution of at least the annualized distribution benchmark on the weighted average number of outstanding common units and Series A subordinated units and all of such Series B subordinated units and (ii) distribute available cash of at least the annualized distribution benchmark on all outstanding common units and Series A subordinated units and the corresponding distributions on PNG’s general partner’s 2% interest and the related distributions on the incentive distribution rights. See Note 5 to our Consolidated Financial Statements included in Part IV of our 2011 Annual Report on Form 10-K for a complete discussion of our Series B subordinated units.
Schedule of changes in noncontrolling interests in partners' capital |
|  | For the Three Months Ended |
|  | March 31, |
|  | 2012 |  | 2011 |
Beginning balance |  | $ | 524 |  | $ | 231 |
Sale of noncontrolling interests in a subsidiary |  | — |  | 306 |
Net income attributable to noncontrolling interests |  | 7 |  | 3 |
Distributions to noncontrolling interests |  | (12 | ) | (5 | )
Equity compensation expense |  | 1 |  | 1 |
Other comprehensive income/(loss): |  |  |  |  |
Reclassification adjustments |  | (6 | ) | — |
Deferred gain/(loss) on cash flow hedges, net |  | 2 |  | — |
Ending Balance |  | $ | 516 |  | $ | 536 |

X
- Definition Disclosure of capital units issued in equity offerings during the period. + References No definition available. + Details
Name: | paa_ScheduleOfCapitalUnitsIssuedDuringPeriodTableTextBlock
Namespace Prefix: | paa_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of payments of cash paid or to be paid to the limited partners and the general partner, including both the 2% owner and incentive distribution rights holders. + References No definition available. + Details
Name: | paa_ScheduleOfCashDistributionsPaidOrToBePaidTextBlock
Namespace Prefix: | paa_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure pertaining to the changes in the noncontrolling interests in partners' capital during the period. + References No definition available. + Details
Name: | paa_ScheduleOfChangesInMinorityInterestInPartnersCapitalTableTextBlock
Namespace Prefix: | paa_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of operational and financial performance thresholds for conversion of series B subordinated units to series A subordinated units. + References No definition available. + Details
Name: | paa_ScheduleOfOperationalAndFinancialConditionsNecessaryForConversionOfSubordinatedUnitsTableTextBlock
Namespace Prefix: | paa_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_PartnersCapitalNotesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration