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Partners' Capital and Distributions
 6 Months Ended
Jun. 30, 2014
Partners' Capital and Distributions  
Partners' Capital and Distributions

Note 8—Partners’ Capital and Distributions

 

Distributions

 

The following table details the distributions paid during or pertaining to the first six months of 2014, net of reductions to the general partner’s incentive distributions (in millions, except per unit amounts):

 

 

 

 

 

Distributions Paid

 

Distributions

 

 

 

 

 

Common

 

General Partner

 

 

 

per limited

 

Date Declared

 

Distribution Date

 

Units

 

Incentive

 

2%

 

Total

 

partner unit

 

July 8, 2014

 

August 14, 2014 (1)

 

$

238

 

$

117

 

$

5

 

$

360

 

 

$

0.6450

 

April 7, 2014

 

May 15, 2014

 

$

229

 

$

110

 

$

5

 

$

344

 

 

$

0.6300

 

January 9, 2014

 

February 14, 2014

 

$

221

 

$

102

 

$

5

 

$

328

 

 

$

0.6150

 

 

 

(1)                   Payable to unitholders of record at the close of business on August 1, 2014 for the period April 1, 2014 through June 30, 2014.

 

Continuous Offering Program

 

During the six months ended June 30, 2014, we issued an aggregate of approximately 8.1 million common units under our continuous offering program, generating proceeds of approximately $453 million, including our general partner’s proportionate capital contribution, net of approximately $4 million of commissions to our sales agents.

 

Noncontrolling Interests in Subsidiaries

 

As of June 30, 2014, noncontrolling interests in subsidiaries consisted of a 25% interest in SLC Pipeline LLC. On December 31, 2013, we purchased the noncontrolling interests in PNG, and PNG became our wholly-owned subsidiary.