Investment in Unconsolidated Affiliate

3 Months Ended

Mar. 31, 2014

Investment in Unconsolidated Affiliate [Abstract]

Note 7 – Investment in Unconsolidated Affiliate

At March 31, 2014, the Partnership’s unconsolidated investment consisted of a 38.8% ownership interest in Gulf Coast Fractionators LP (“GCF”).

The following table shows the activity related to the Partnership’s investment in GCF:

	Three Months Ended
	March 31, 2014
Beginning of period	$	55.9
Equity earnings		4.9
Cash distributions (1)		(7.1	)
End of period	$	53.7

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(1)	Includes distribution in excess of cumulative earnings of $2.2 million that are considered a return of capital and disclosed in cash flows from investing activities in the Consolidated Statements of Cash Flows

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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