Investments in Unconsolidated Affiliates

9 Months Ended

Sep. 30, 2014

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.  We account for these investments using the equity method.

	Ownership Interest at September 30, 2014	September 30, 2014		December 31, 2013
NGL Pipelines & Services:
Venice Energy Service Company, L.L.C.	13.1%	$	26.9	$	27.6
K/D/S Promix, L.L.C.	50%		46.1		45.4
Baton Rouge Fractionators LLC	32.2%		19.1		19.5
Skelly-Belvieu Pipeline Company, L.L.C.	50%		39.7		40.8
Texas Express Pipeline LLC	35%		348.4		339.9
Texas Express Gathering LLC	45%		37.8		37.8
Front Range Pipeline LLC	33.3%		167.8		134.5
Onshore Natural Gas Pipelines & Services:
White River Hub, LLC	50%		23.5		24.2
Onshore Crude Oil Pipelines & Services:
Seaway Crude Pipeline Company LLC	50%		1,372.2		940.7
Eagle Ford Pipeline LLC	50%		279.5		224.5
Offshore Pipelines & Services:
Poseidon Oil Pipeline Company, L.L.C. ("Poseidon")	36%		34.3		41.7
Cameron Highway Oil Pipeline Company	50%		204.2		207.7
Deepwater Gateway, L.L.C.	50%		81.1		84.5
Neptune Pipeline Company, L.L.C.	25.7%		35.4		38.7
Southeast Keathley Canyon Pipeline Company L.L.C.	50%		147.4		159.2
Petrochemical & Refined Products Services:
Baton Rouge Propylene Concentrator, LLC	30%		6.7		7.6
Centennial Pipeline LLC ("Centennial")	50%		65.6		60.1
Other	Various		2.6		2.7
Total		$	2,938.3	$	2,437.1

The following table presents our equity in income (loss) of unconsolidated affiliates by business segment for the periods indicated:

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2014			2013			2014			2013
NGL Pipelines & Services	$	11.7		$	4.1		$	19.2		$	11.8
Onshore Natural Gas Pipelines & Services		0.9			1.0			2.7			2.9
Onshore Crude Oil Pipelines & Services		46.8			34.3			131.7			101.0
Offshore Pipelines & Services		17.1			9.8			35.8			24.9
Petrochemical & Refined Products Services		(4.2	)		(5.2	)		(10.3	)		(14.5	)
Total	$	72.3		$	44.0		$	179.1		$	126.1

The following table presents our unamortized excess cost amounts by business segment at the dates indicated:

	September 30, 2014		December 31, 2013
NGL Pipelines & Services	$	26.8	$	27.7
Onshore Crude Oil Pipelines & Services		17.3		17.8
Offshore Pipelines & Services		9.2		10.0
Petrochemical & Refined Products Services		2.5		2.6
Total	$	55.8	$	58.1

The following table presents our amortization of excess cost amounts by business segment for the periods indicated:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2014		2013		2014		2013
NGL Pipelines & Services	$	0.2	$	0.3	$	0.9	$	0.9
Onshore Crude Oil Pipelines & Services		0.2		0.1		0.5		0.5
Offshore Pipelines & Services		0.3		0.3		0.8		1.0
Petrochemical & Refined Products Services		--		0.1		0.1		0.1
Total	$	0.7	$	0.8	$	2.3	$	2.5

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 September 30, 2014.