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Investment In Unconsolidated Affiliates (Tables)
12 Months Ended
Dec. 31, 2014
Investment In Unconsolidated Affiliates [Abstract]  
Schedule of Investments in and Advances to Affiliates, Schedule of Investments [Table Text Block]
Summarized Financial Information
Consolidated financial statements for HPC, MEP, and Lone Star are filed as exhibits to this Form 10-K. The following tables present aggregated selected balance sheet and income statement data for Ranch JV (on a 100% basis) for all periods presented:
 
December 31,
 
2014
 
2013
Current assets
$
16

 
$
7

Property, plant and equipment, net
95

 
100

Other assets
4

 
4

Total assets
$
115

 
$
111

 
 
 
 
Current liabilities
$
2

 
$
3

Equity
113

 
108

Total liabilities and equity
$
115

 
$
111

 
Years Ended December 31,
 
2014
 
2013
 
2012
Revenue
$
41

 
$
16

 
$
1

Operating income (loss)
29

 
4

 
(2
)
Net income (loss)
29

 
4

 
(2
)
Carrying value of limited and general partnership interest
The carrying value of the Partnership’s investment in each of the unconsolidated affiliates as of December 31, 2014 and 2013 is as follows:
 
 
 
 
 
 
December 31,
 
 
Ownership
 
Type
 
2014
 
2013
HPC
 
49.99%
 
General Partner
 
$
422

 
$
442

MEP
 
50.00%
 
Membership Interest
 
695

 
549

Lone Star
 
30.00%
 
Membership Interest
 
1,162

 
1,070

Ranch JV
 
33.33%
 
Membership Interest
 
38

 
36

Aqua - PVR
 
51.00%
 
Membership Interest
 
46

 

Mi Vida JV
 
50.00%
 
Membership Interest
 
54

 

Others (1)
 
 
 
 
 
1

 

 
 
 
 
 
 
$
2,418

 
$
2,097

(1) Others includes Coal Handling, Sweeny JV and Grey Ranch
Changes In The Partnership's Investment
The following tables summarize the changes in the Partnership’s investment activities in each of the unconsolidated affiliates for the years ended December 31, 2014, 2013 and 2012:
 
Year Ended December 31, 2014
 
  HPC
 
MEP (2)
 
Lone Star
 
Ranch JV
 
Aqua - PVR
 
Mi Vida JV
 
Others (4)
Contributions to unconsolidated affiliates
$

 
$
175

 
$
114

 
$

 
$

 
$
54

 
$

Distributions from unconsolidated affiliates
(48
)
 
(73
)
 
(137
)
 
(8
)
 
(1
)
 

 
(4
)
Share of earnings of unconsolidated affiliates’ net income (loss)
33

 
45

 
116

 
9

 
(4
)
 

 
2

Amortization of excess fair value of investment (1)
(6
)
 

 

 

 

 

 

 
Year Ended December 31, 2013
 
  HPC (3)
 
MEP
 
Lone Star
 
Ranch JV
 
Others (4)
Contributions to unconsolidated affiliates
$

 
$

 
$
137

 
$
2

 
$

Distributions from unconsolidated affiliates
(238
)
 
(72
)
 
(79
)
 
(2
)
 

Share of earnings of unconsolidated affiliates’ net income
36

 
40

 
64

 
1

 

Amortization of excess fair value of investment (1)
(6
)
 

 

 

 

 
Year Ended December 31, 2012
 
  HPC
 
MEP
 
Lone Star
 
Ranch JV
 
Others (4)
Contributions to unconsolidated affiliates
$

 
$

 
$
343

 
$
36

 
$

Distributions from unconsolidated affiliates
(61
)
 
(75
)
 
(68
)
 

 

Share of earnings of unconsolidated affiliates’ net income (loss)
35

 
42

 
44

 
(1
)
 
(9
)
Amortization of excess fair value of investment (1)
(6
)
 

 

 

 

__________________
(1)
The Partnership’s investment in HPC was adjusted to its fair value on May 26, 2010 and the excess fair value over net book value was comprised of two components: (1) $155 million was attributed to HPC’s long-lived assets and is being amortized as a reduction of income from unconsolidated affiliates over the useful lives of the respective assets, which vary from 15 to 30 years, and (2) $32 million could not be attributed to a specific asset and therefore will not be amortized in future periods.
(2)
The Partnership contributed $175 million to MEP in September 2014 for the repayment of MEP’s debt.
(3)
HPC entered into a $500 million 5-year revolving credit facility in September 2013, pursuant to which the Partnership pledged its 49.99% equity interest in HPC. Upon closing such credit facility, HPC borrowed $370 million to fund a non-recurring return of investment to its partners of which the Partnership received $185 million. The amount outstanding under this facility was $450 million as of December 31, 2014. The Partnership’s contingent obligation with respect to the outstanding borrowings under this facility was $225 million at December 31, 2014.
(4)
Includes Coal Handling, Grey Ranch, and Sweeny JV.