DEBT (Tables)

6 Months Ended

Jun. 30, 2015

DEBT [Abstract}

Schedule of Debt Obligations

	Interest			June 30,			December 31,
	Rate			2015			2014
				(in millions)
EEP debt obligations:
Commercial Paper(1)		0.763	%	$	1,257.6		$	612.3
Credit Facilities due 2016 – 2019		1.22% – 3.25	%		810.0			1,160.0
Senior Notes due 2016		5.875	%		300.0			300.0
Senior Notes due 2018		7.000	%		100.0			100.0
Senior Notes due 2018		6.500	%		400.0			400.0
Senior Notes due 2019		9.875	%		500.0			500.0
Senior Notes due 2020		5.200	%		500.0			500.0
Senior Notes due 2021		4.200	%		600.0			600.0
Senior Notes due 2028		7.125	%		100.0			100.0
Senior Notes due 2033		5.950	%		200.0			200.0
Senior Notes due 2034		6.300	%		100.0			100.0
Senior Notes due 2038		7.500	%		400.0			400.0
Senior Notes due 2040		5.500	%		550.0			550.0
Junior subordinated notes due 2067		8.050	%		400.0			400.0
MEP debt obligations:
MEP Credit Agreement		2.413	%		410.0			360.0
MEP Series A Senior Notes due 2019		3.560	%		75.0			75.0
MEP Series B Senior Notes due 2021		4.040	%		175.0			175.0
MEP Series C Senior Notes due 2024		4.420	%		150.0			150.0
Total Principal of Debt Obligations					7,027.6			6,682.3
Other:
Unamortized Discount					(7.0	)		(7.1	)
Total Long Term Debt				$	7,020.6		$	6,675.2

⁽¹⁾ Individual issuances of commercial paper generally mature in 90 days or less, but are supported by our Credit Facilities and are therefore considered long-term debt.

Schedule of Interest Costs

	For the three months				For the six months
	ended June 30,				ended June 30,
	2015		2014		2015		2014
	(in millions)
Interest expense	$	78.0	$	80.2	$	126.3	$	157.1
Less: Interest capitalized		6.1		10.2		18.3		24.1
Interest cost incurred	$	84.1	$	90.4	$	144.6	$	181.2

Schedule of Line of Credit Facilities

	(in millions)
Total credit available under our Credit Facilities(1)	$	2,625.0
Total credit available under the EUS 364-day Credit Facility		750.0
Less: Amounts outstanding under our Credit Facilities		810.0
Principal amount of commercial paper outstanding		1,257.6
EUS 364-day Credit Facility(2)		—
Letters of credit outstanding		317.2
Total amount available at June 30, 2015	$	990.2

(1)	On July 2, 2015, we had an amendment to our 364-day Credit Facility. After the amendment on a pro-forma basis our total credit available under our Credit Facilities is $2,500.0 million, and the total amount available under the Credit Facilities and the EUS 364-day Credit Facility, less amounts outstanding, is $865.2 million.
(2)	Refer to Note 9. Related Party Transactions for further details regarding the EUS 364-day Credit Facility.