Investments in Unconsolidated Affiliates (Tables)

9 Months Ended

Sep. 30, 2012

Investments In Unconsolidated Affiliates

The following table summarizes our investments in unconsolidated affiliates:

				Carrying Value as of
	Percentage Ownership			September 30, 2012		December 31, 2011
				(Millions)
Discovery Producer Services LLC		40	%	$	159.5	$	106.9
Texas Express Pipeline		10	%		33.0		—
Mont Belvieu Enterprise Fractionator		12.5	%		16.0		—
Mont Belvieu 1 Fractionator		20	%		14.0		—
CrossPoint Pipeline, LLC		50	%		6.3		—
Other		50	%		0.2		0.2
Total investments in unconsolidated affiliates				$	229.0	$	107.1

Earnings From Investments In Unconsolidated Affiliates

Earnings from investments in unconsolidated affiliates were as follows:

	Three Months  Ended September 30,				Nine Months  Ended September 30,
	2012		2011		2012		2011
	(Millions)
Discovery Producer Services LLC	$	3.8	$	6.9	$	11.5	$	17.1
Mont Belvieu Enterprise Fractionator		2.7		—		2.7		—
Mont Belvieu 1 Fractionator		2.3		—		2.3		—
CrossPoint Pipeline, LLC		0.1		—		0.1		—
Total earnings from unconsolidated affiliates	$	8.9	$	6.9	$	16.6	$	17.1

Equity Method Investment Summarized Financial Information, Statement of Operations

The following summarizes combined financial information of our investments in unconsolidated affiliates:

	Three Months  Ended September 30,				Nine Months  Ended September 30,
	2012		2011		2012		2011
	(Millions)
Statements of operations:
Operating revenue	$	90.8	$	55.2	$	173.9	$	158.7
Operating expenses	$	48.6	$	39.5	$	115.0	$	120.5
Net income	$	42.2	$	15.7	$	58.4	$	38.2

Equity Method Investment Summarized Financial Information, Balance Sheet

	September 30, 2012			December 31, 2011
	(Millions)
Balance sheets:
Current assets	$	90.9		$	38.1
Long-term assets		1,043.7			359.9
Current liabilities		(148.3	)		(20.4	)
Long-term liabilities		(42.5	)		(28.5	)
Net assets	$	943.8		$	349.1