Energy Transfer 2012 Annual Report Download - page 204

F - 59
Benefit Payments
Southern Union and Sunoco’s estimate of expected benefit payments, which reflect expected future service, as appropriate,
in each of the next five years and in the aggregate for the five years thereafter are shown in the table below:
Years Benefits Other Postretirement Benefits (Gross, Before Medicare Part D) Other Postretirement Benefits (Medicare Part D Subsidy Receipts)
2013 $ 254 $ 38 $ 1
2014 105 34 1
2015 98 33 1
2016 87 32 1
2017 82 30 1
2018 - 2021 328 107 4
The Medicare Prescription Drug Act provides for a prescription drug benefit under Medicare (Medicare Part D) as well as a
federal subsidy to sponsors of retiree health care benefit plans that provide a prescription drug benefit that is at least actuarially
equivalent to Medicare Part D.
13. RELATED PARTY TRANSACTIONS:
ETE has agreements with subsidiaries to provide or receive various general and administrative services. ETE pays us to
provide services on its behalf and the behalf of other subsidiaries of ETE, which includes the reimbursement of various general
and administrative services for expenses incurred by us on behalf of Regency.
In the ordinary course of business, we provide Regency with certain natural gas and NGLs sales and transportation services
and compression equipment, and Regency provides us with certain contract compression services. These related party
transactions are generally based on transactions made at market-related rates.
Sunoco Logistics has an agreement with PES relating to the Fort Mifflin Terminal Complex. Under this agreement, PES will
deliver an average of 300,000 Bbls/d of crude oil and refined products per contract year at the Fort Mifflin facility. PES does
not have exclusive use of the Fort Mifflin Terminal Complex; however, Sunoco Logistics is obligated to provide the necessary
tanks, marine docks and pipelines for PES to meet its minimum requirements under the agreement. Sunoco Logistics executed
a 10-year agreement with PES in September 2012.
In September 2012, Sunoco assigned its lease for the use of Sunoco Logistics' inter-refinery pipelines between the Philadelphia
and Marcus Hook refineries to PES. Under the 20-year lease agreement which expires in February 2022, PES leases the inter-
refinery pipelines for an annual fee which escalates at 1.67% each January 1 for the term of the agreement. The lease agreement
also requires PES to reimburse Sunoco Logistics for any non-routine maintenance expenditures, as defined, incurred during
the term of the agreement. There were no material reimbursements under this agreement during 2010 through 2012.
The following table summarizes the affiliate revenue on our consolidated statements of operations:
Years Ended December 31,
2012 2011 2010
Affiliated revenue $ 173 $ 690 $ 571
In January 2012, Enterprise sold a significant portion of its ownership in ETE's common units. Subsequent to that transaction
Enterprise owns less than 5% of ETE's outstanding common units and is no longer considered a related party. Previously,
transactions between us and Enterprise were considered to be related party transactions due to Enterprise's ownership of a
portion of ETE's common units. During the years ended December 31, 2011 and 2010, ETP recorded sales to Enterprise of
$665 million and $554 million, respectively, and purchases from Enterprise of $498 million and $439 million, respectively,
all of which were related party transactions based on Enterprise's interests in ETE at the time of the transactions.
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