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Agreement of Limited Partnership (Tables)
9 Months Ended
Sep. 30, 2017
Partners' Capital Notes [Abstract]  
Summary of available cash distribution
In the third quarter of 2017, we exceeded the cumulative MQD amounts and will distribute Available Cash as summarized in the following table:
 
Quarterly Income and Distribution Allocation
 
Target
Limit
(per unit)
 
Target
Increment
(per unit)
 
Distribution
Threshold
(in millions) (1)
 
Common
Units
 
Class B
Common
Units
 
General
Partner (2)
 
Total
Minimum Quarterly Distributions
$
0.605

 
$
0.605

 
$
11.3

 
98.990
%
 
0.985
%
 
0.025
%
 
100
%
First Target
0.715

 
0.110

 
13.4

 
98.990
%
 
0.985
%
 
0.025
%
 
100
%
Second Target
0.825

 
0.110

 
15.4

 
85.859
%
 
0.985
%
 
13.156
%
 
100
%
Third Target
1.045

 
0.220

 
19.5

 
75.758
%
 
0.985
%
 
23.257
%
 
100
%
Final Target and Beyond
>1.045

 

 
>19.5

 
50.505
%
 
0.985
%
 
48.510
%
 
100
%

(1) 
The Distribution Threshold represents the cumulative amount of Available Cash necessary to distribute the Target Limit per unit, as shown in the table above, to all unitholders and the General Partner based on the number of units outstanding as of September 30, 2017.
(2) 
Reflects Minimum Quarterly Distributions and incentive distributions to the General Partner. The General Partner has assigned its right to incentive distributions to an affiliate of the General Partner.
Schedule of Quarterly Cash Distributions Made to Members or Limited Partners
Distribution
 
Common Units
 
Class B
Common Units
 
General Partner
 
Total Distributions Declared
Declared in
 
Related to
 
Total
 
Per unit
 
Total
 
Per unit
 
Total
 
 
 
 
 
(in millions, except per unit amounts)
 
 
 
 
 
 
 

 
 

 
 

 
 

 
 

 
 
First Quarter 2017
 
Fourth Quarter 2016
 
$
22.6

 
$
1.22

 
$
0.3

 
$
1.52

 
$
5.7

 
$
28.6

Second Quarter 2017
 
First Quarter 2017
 
17.9

 
0.97

 
0.2

 
1.04

 
1.4

 
19.5

Third Quarter 2017
 
Second Quarter 2017
 
29.6

 
1.60

 
0.4

 
2.26

 
12.7

 
42.7

Fourth Quarter 2017
 
Third Quarter 2017
 
25.1

 
1.36

 
0.3

 
1.79

 
8.4

 
33.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter 2016
 
Fourth Quarter 2015
 
$
53.3

 
$
2.88

 
$
0.9

 
$
4.78

 
$
36.0

 
$
90.2

Second Quarter 2016
 
First Quarter 2016
 
28.0

 
1.51

 
0.4

 
2.09

 
11.1

 
39.5

Third Quarter 2016
 
Second Quarter 2016
 
47.7

 
2.58

 
0.7

 
4.17

 
30.4

 
78.8

Fourth Quarter 2016
 
Third Quarter 2016
 
32.7

 
1.77

 
0.5

 
2.60

 
15.8

 
49.0