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USD ($)
USD ($) / shares
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<!-- Begin Block Tagged Note 23 - us-gaap:SegmentReportingDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>23. BUSINESS SEGMENTS</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     We operate and report in five business segments: Pipeline Operations; Terminalling & Storage;
Natural Gas Storage; Energy Services; and Development & Logistics.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt; margin-left: 1%"><i>Pipeline Operations</i>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The Pipeline Operations segment receives refined petroleum products from refineries,
connecting pipelines, and bulk and marine terminals and transports those products to other
locations for a fee. This segment owns and operates approximately 5,400 miles of pipeline systems
in 15 states. This segment also has three refined petroleum products terminals with aggregate
storage capacity of approximately 0.5 million barrels in three states.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt; margin-left: 1%"><i>Terminalling & Storage</i>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The Terminalling & Storage segment provides bulk storage and terminal throughput services.
Through December 31, 2010, this segment had 59 refined petroleum products terminals in 11 states
and one refined products terminal in Puerto Rico with aggregate storage capacity of approximately
30.4 million barrels. See Note 26 for a discussion of the BORCO acquisition, which added one
terminal with an aggregate storage capacity of approximately 21.6 million barrels.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt; margin-left: 1%"><i>Natural Gas Storage</i>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The Natural Gas Storage segment provides natural gas storage services at a natural gas storage
facility in northern California that is owned and operated by Lodi Gas. The facility currently has
29 Bcf of working natural gas storage capacity and is connected to Pacific Gas and Electric’s
intrastate gas pipelines that service natural gas demand in the San Francisco and Sacramento,
California areas. The Natural Gas Storage segment does not trade or market natural gas.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt; margin-left: 1%"><i>Energy Services</i>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The Energy Services segment is a wholesale distributor of refined petroleum products in the
northeastern and midwestern United States. This segment recognizes revenues when products are
delivered. The segment’s products include gasoline, propane and petroleum distillates such as
heating oil, diesel fuel and kerosene. The segment also has five terminals with aggregate storage
capacity of approximately 1.0 million barrels. The segment’s customers consist principally of
product wholesalers as well as major commercial users of these refined petroleum products.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt; margin-left: 1%"><i>Development & Logistics</i>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The Development & Logistics segment consists primarily of our contract operation of
approximately 2,600 miles of third-party pipeline and terminals, which are owned principally by
major oil and gas, petrochemical and chemical companies and are located primarily in Texas and
Louisiana. This segment also performs pipeline construction management services, typically for
cost plus a fixed fee, for these same customers. The Development & Logistics segment also includes
our ownership and operation of an ammonia pipeline and our majority ownership of Sabina, located in
Texas.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt; margin-left: 1%"><i>Adjusted EBITDA</i>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Adjusted EBITDA is the primary measure used by senior management, including our Chief
Executive Officer, to evaluate our operating results and to allocate our resources. We define
EBITDA, a measure not defined under GAAP, as net income attributable to our unitholders before
interest and debt expense, income taxes and depreciation and amortization. EBITDA should not be
considered an alternative to net income, operating income, cash flow from operations or any other
measure of financial performance or liquidity presented in accordance with GAAP. The EBITDA
measure eliminates the significant level of non-cash depreciation and amortization expense that
results from the capital-intensive nature of our businesses and from intangible assets recognized
in business combinations. In addition, EBITDA is unaffected by our capital structure due to the
elimination of interest and debt expense and income taxes. We define Adjusted EBITDA, which is also
a non-GAAP measure, as EBITDA plus: (i) non-cash deferred lease expense, which is the difference
between the estimated annual land lease expense for our natural gas storage facility in the Natural
Gas Storage segment to be recorded under GAAP and the actual cash to be paid for such annual land
lease, (ii) non-cash unit-based compensation expense, (iii) the 2009 non-cash impairment expense of
$59.7 million related to the Buckeye NGL Pipeline that we sold in January 2010, (iv) the 2009
expense of $32.1 million for organizational restructuring, (v) the 2010 non-cash BGH GP equity plan
modification expense of $21.1 million and (vi) income attributable to noncontrolling interests
related to Buckeye for periods prior to the Merger in order to provide consistency and
comparability between periods before and after the Merger.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The EBITDA and Adjusted EBITDA data presented may not be comparable to similarly titled
measures at other companies because EBITDA and Adjusted EBITDA exclude some items that affect net
income attributable to our
unitholders, and these items may be defined differently by other companies. Our senior
management uses Adjusted EBITDA to evaluate consolidated operating performance and the operating
performance of our business segments and to allocate resources and capital to the business
segments. In addition, our senior management uses Adjusted EBITDA as a performance measure to
evaluate the viability of proposed projects and to determine overall rates of return on alternative
investment opportunities.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     We believe that investors benefit from having access to the same financial measures that we
use. Further, we believe that these measures are useful to investors because they are one of the
bases for comparing our operating performance with that of other companies with similar operations,
although our measures may not be directly comparable to similar measures used by other companies.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Each segment uses the same accounting policies as those used in the preparation of our
consolidated financial statements. All inter-segment revenues, operating income and assets have
been eliminated. All periods are presented on a consistent basis. All of our operations and
assets are conducted and located in the United States or in Puerto Rico.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Financial information about each segment, EBITDA and Adjusted EBITDA are presented below for
the periods or at the dates indicated (in thousands):
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000"><b>Year Ended December 31,</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><i>Revenue:</i>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Pipeline Operations
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">400,926</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">392,667</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">387,267</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Terminalling & Storage
</div></td>
<td> </td>
<td> </td>
<td align="right">175,000</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">136,576</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">119,155</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Natural Gas Storage
</div></td>
<td> </td>
<td> </td>
<td align="right">95,337</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">99,163</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">61,791</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Energy Services
</div></td>
<td> </td>
<td> </td>
<td align="right">2,481,566</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,125,013</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,295,925</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Development & Logistics
</div></td>
<td> </td>
<td> </td>
<td align="right">37,696</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">34,136</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">43,498</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Intersegment
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(39,257</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(17,183</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(10,984</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total revenue
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">3,151,268</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,770,372</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,896,652</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><i>Operating income (loss):</i>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Pipeline Operations
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">171,595</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">93,957</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">149,349</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Terminalling & Storage
</div></td>
<td> </td>
<td> </td>
<td align="right">89,933</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">61,084</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">52,133</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Natural Gas Storage
</div></td>
<td> </td>
<td> </td>
<td align="right">16,069</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">30,574</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">32,235</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Energy Services
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,367</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">13,086</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,905</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Development & Logistics
</div></td>
<td> </td>
<td> </td>
<td align="right">3,271</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,099</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,870</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">Total operating income
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">279,501</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">203,800</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">246,492</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><i>Depreciation and amortization:</i>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Pipeline Operations
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">36,799</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">35,533</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">35,188</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Terminalling & Storage
</div></td>
<td> </td>
<td> </td>
<td align="right">9,521</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,258</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,051</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Natural Gas Storage
</div></td>
<td> </td>
<td> </td>
<td align="right">6,594</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,971</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,599</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Energy Services
</div></td>
<td> </td>
<td> </td>
<td align="right">4,933</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,204</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,386</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Development & Logistics
</div></td>
<td> </td>
<td> </td>
<td align="right">1,743</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,733</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,610</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total depreciation and amortization
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">59,590</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">54,699</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">50,834</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000"><b>Year Ended December 31,</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><i>Adjusted EBITDA:</i>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Pipeline Operations
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">235,405</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">229,576</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">193,940</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Terminalling & Storage
</div></td>
<td> </td>
<td> </td>
<td align="right">106,387</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">72,588</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">59,850</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Natural Gas Storage
</div></td>
<td> </td>
<td> </td>
<td align="right">29,794</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">41,950</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">41,814</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Energy Services
</div></td>
<td> </td>
<td> </td>
<td align="right">5,861</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19,335</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,443</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Development & Logistics
</div></td>
<td> </td>
<td> </td>
<td align="right">5,193</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,718</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,528</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Total Adjusted EBITDA
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">382,640</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">370,167</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">313,575</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><i>GAAP Reconciliation:</i>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">201,008</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">141,637</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">180,623</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Less: net income attributable to noncontrolling
interests
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(157,928</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(92,043</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(154,146</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income attributable to Buckeye Partners, L.P.
</div></td>
<td> </td>
<td> </td>
<td align="right">43,080</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">49,594</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26,477</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest and debt expense
</div></td>
<td> </td>
<td> </td>
<td align="right">89,169</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">75,147</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">75,410</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Income tax (benefit) expense
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(919</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(343</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">801</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Depreciation and amortization
</div></td>
<td> </td>
<td> </td>
<td align="right">59,590</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">54,699</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">50,834</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">EBITDA
</div></td>
<td> </td>
<td> </td>
<td align="right">190,920</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">179,097</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">153,522</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income attributable to noncontrolling interests
affected by Merger (for periods prior to Merger) (1)
</div></td>
<td> </td>
<td> </td>
<td align="right">157,467</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">90,381</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">153,546</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Non-cash deferred lease expense
</div></td>
<td> </td>
<td> </td>
<td align="right">4,235</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,500</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,598</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Non-cash unit-based compensation expense
</div></td>
<td> </td>
<td> </td>
<td align="right">8,960</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,408</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,909</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Equity plan modification expense
</div></td>
<td> </td>
<td> </td>
<td align="right">21,058</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Asset impairment expense
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">59,724</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Reorganization expense
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">32,057</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Adjusted EBITDA
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">382,640</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">370,167</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">313,575</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<div style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000"> 
</div>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96%"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Amounts represent portions of BGH’s noncontrolling interests related to Buckeye that
were eliminated as a result of the Merger. Amounts are added back for the portion of 2010
prior to the Merger, and the 2009 and 2008 periods to provide consistency with the 2010
period.</td>
</tr>
</table>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000"><b>Year Ended December 31,</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><i>Capital additions, net: </i>(1)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Pipeline Operations
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">46,036</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">34,461</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">40,469</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Terminalling & Storage
</div></td>
<td> </td>
<td> </td>
<td align="right">19,491</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">22,463</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">28,680</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Natural Gas Storage
</div></td>
<td> </td>
<td> </td>
<td align="right">8,328</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">23,033</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">47,257</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Energy Services
</div></td>
<td> </td>
<td> </td>
<td align="right">2,961</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,236</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,185</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Development & Logistics
</div></td>
<td> </td>
<td> </td>
<td align="right">883</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,116</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(119</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">Total capital additions, net
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">77,699</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">87,309</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">120,472</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><i>Total Assets:</i>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Pipeline Operations (2)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,752,920</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,592,916</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,630,050</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Terminalling & Storage
</div></td>
<td> </td>
<td> </td>
<td align="right">636,095</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">532,971</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">473,806</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Natural Gas Storage
</div></td>
<td> </td>
<td> </td>
<td align="right">549,876</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">573,261</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">503,278</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Energy Services
</div></td>
<td> </td>
<td> </td>
<td align="right">561,382</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">482,025</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">333,967</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Development & Logistics
</div></td>
<td> </td>
<td> </td>
<td align="right">73,943</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">74,476</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">93,309</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Consolidating level (3)
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">230,922</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">228,687</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">Total assets
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">3,574,216</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">3,486,571</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">3,263,097</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><i>Goodwill:</i>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Pipeline Operations
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">198,632</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">198,632</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">198,632</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Terminalling & Storage (4)
</div></td>
<td> </td>
<td> </td>
<td align="right">49,618</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">49,618</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">51,386</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Natural Gas Storage
</div></td>
<td> </td>
<td> </td>
<td align="right">169,560</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">169,560</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">169,560</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Energy Services
</div></td>
<td> </td>
<td> </td>
<td align="right">1,132</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,132</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,132</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Development & Logistics
</div></td>
<td> </td>
<td> </td>
<td align="right">13,182</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,182</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,182</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total goodwill
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">432,124</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">432,124</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">433,892</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<div style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000"> 
</div>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96%"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Amounts exclude $0.4 million, ($3.3) million and $2.0 million of non-cash changes in
accruals for capital expenditures for the years ended December 31, 2010, 2009 and 2008,
respectively (see Note 24).</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>All equity investments are included in the assets of the Pipeline Operations segment.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>In connection with the Merger, consolidating level assets were allocated to our
business segments.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(4)</td>
<td> </td>
<td>Goodwill decreased by $1.8 million as of December 31, 2009 from December 31, 2008, due
to the finalization of the purchase price allocation relating to the acquisition of a
terminal in Albany, New York in 2008; this $1.8 million was allocated to property, plant
and equipment.</td>
</tr>
</table>
<div align="left">
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Notefalsefalsefalsefalsefalse | Otherus-types:textBlockItemTypestringThis element may be used to capture the complete disclosure of reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10% or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
falsefalse
12Business SegmentsUnKnownUnKnownUnKnownUnKnownfalsetrue