ETE Merger and Holdco Transaction (Tables)

12 Months Ended

Dec. 31, 2012

ETE Merger and Holdco Transaction [Abstract]

Business acquisition

The table below represents the amounts allocated to Panhandle’s tangible and intangible assets and liabilities as of March 26, 2012 based upon management’s estimate of their respective fair values. Certain amounts included in the purchase price allocation, as of December 31, 2012, may have been changed from amounts previously reflected based on management’s review of the valuation. The goodwill resulting from the Merger was primarily due to expected commercial and operational synergies and is not deductible for tax purposes.

Cash and cash equivalents	$	—
Other current assets	229
Property and equipment	4,093
Goodwill	1,785
Identified intangibles (1)	55
Other non-current assets	783
Long-term debt, including current portion	(1,780		)
Deferred income taxes	(773		)
Other liabilities	(431		)
Total fair value of partners’ capital	$	3,961

⁽¹⁾  Identified intangibles will be amortized over a life of approximately 17.5 years and are included in Other non-current assets in the consolidated balance sheets.