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CONSOLIDATED STATEMENT OF CHANGES IN PARTNERS' EQUITY (USD $)
In Millions
Total
Common Units
General Partner
Accumulated Other Comprehensive (Loss)/Income
Partners' equity at Dec. 31, 2010 $ 1,112.5 $ 1,104.2 $ 23.5 $ (15.2) [1]
Partners' equity (in units) at Dec. 31, 2010 46.2 46.2    
Increase (Decrease) in Partners' Equity        
Net income [2] 78.4 76.8 1.6  
Equity issuance, net (Notes 4 and 6) 337.6 330.9 6.7  
Equity issuance, net (Notes 4 and 6) (in units) 7.3 7.3    
Distributions paid (70.8) (69.4) (1.4)  
Excess purchase price over net acquired assets (Note 4) (133.2) (130.5) (2.7)  
Other comprehensive income 6.9     6.9 [1]
Partners' equity at Jun. 30, 2011 $ 1,331.4 $ 1,312.0 $ 27.7 $ (8.3) [1]
Partners' equity (in units) at Jun. 30, 2011 53.5 53.5    
[1] The Partnership uses derivatives to assist in managing its exposure to interest rate risk. Based on interest rates at June 30, 2011, the amount of losses related to cash flow hedges reported in accumulated other comprehensive income that will be reclassified to net income in the next 12 months is $6.9 million, which will be offset by a reduction to interest expense of a similar amount.
[2] Includes equity earnings from GTN and Bison from May 3, 2011, date of acquisition, to June 30, 2011.