Energy Transfer 2015 Annual Report Download - page 229

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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.
Panhandle does not expect to receive any Medicare Part D subsidies in any future periods.
14. 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
on behalf of other subsidiaries of ETE, which includes the reimbursement of various operating and general and administrative expenses incurred by us on
behalf of ETE and its subsidiaries.
In connection with the Lake Charles LNG Transaction, ETP agreed to continue to provide management services for ETE through 2015 in relation to both
Lake Charles LNG’s regasification facility and the development of a liquefaction project at Lake Charles LNG’s facility, for which ETE has agreed to pay
incremental management fees to ETP of $75 million per year for the years ending December 31, 2014 and 2015.
In January 2016, ETE and ETP agreed to extend the $95 million annual management fee paid to ETP through 2016.
The Partnership also has related party transactions with several of its equity method investees. In addition to commercial transactions, these transactions
include the provision of certain management services and leases of certain assets.
The following table summarizes the affiliate revenues on our consolidated statements of operations:
Years Ended December 31,
2015
2014
2013
Affiliated revenues $ 417
$ 965
$ 1,442
The following table summarizes the related company balances on our consolidated balance sheets:
December 31,
2015
2014
Accounts receivable from related companies:
Sunoco LP $ 3
$ —
ETE 110
11
PES 10
6
FGT 13
9
Lake Charles LNG 36
3
Trans-Pecos Pipeline, LLC 29
—
Comanche Trail Pipeline, LLC 22
—
Other 45
110
Total accounts receivable from related companies $ 268
$ 139
Accounts payable to related companies:
Sunoco LP $ 5
$ —
FGT 1
2
Lake Charles LNG 3
2
Other 16
21
Total accounts payable to related companies $ 25
$ 25
F - 68