EQUITY INVESTMENTS IN JOINT VENTURES

12 Months Ended

Dec. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

EQUITY INVESTMENTS IN JOINT VENTURES

13. EQUITY INVESTMENTS IN JOINT VENTURES

The following table presents our investments in unconsolidated affiliates by business segment at the dates indicated. We account for these investments using the equity method.

				December 31,
	Ownership Interest			2016		2015
				(in millions)
Natural Gas:
Texas Express Pipeline LLC		35.0	%		332.8		343.5
Texas Express Gathering LLC		35.0	%		27.9		28.8
Total equity investments in joint ventures				$	360.7	$	372.3

Natural Gas

We have a 35% aggregate indirect interest in the Texas Express NGL system, which is comprised of two joint ventures with third parties that together include a 593-mile NGL intrastate transportation pipeline and a related NGL gathering system. For the years ended December 31, 2016, 2015 and 2014, we recognized $30.0 million, $29.2 million and $13.2 million of equity earnings, respectively, in “Other income” on our consolidated statements of income related to our investment in the system.