Related Party Transactions

6 Months Ended

Jun. 30, 2013

Related Party Transactions [Abstract]

Related Party Transactions

Note 11:  Related Party Transactions

Loews provides a variety of corporate services to the Partnership under services agreements, including but not limited to, information technology, tax, risk management, internal audit and corporate development services, plus allocated overheads. The Partnership incurred charges related to these services of $2.1 million for the three months ended June 30, 2013, and recognized income of $2.2 million for the three months ended June 30, 2012. The Partnership incurred charges related to these services of $4.2 million and $5.9 million for the six months ended June 30, 2013 and 2012.

Distributions paid related to limited partner units held by BPHC and the 2% general partner interest and IDRs held by Boardwalk GP were $72.3 million and $71.2 million during the three months ended June 30, 2013 and 2012 and $144.6 million and $141.6 million for the six months ended June 30, 2013 and 2012.

In the second quarter 2013, the Partnership entered into agreements with BPHC to form Boardwalk Bluegrass and Boardwalk Moss Lake. Refer to Note 2 for further information. For the six months ended June 30, 2013, the Partnership contributed $10.0 million and BPHC contributed $19.7 million to these entities.