Energy Transfer 2010 Annual Report Download - page 172

The following table summarizes the related party balances on our consolidated balance sheets:
As of December 31,
2010 2009
Accounts receivable from related parties:
Enterprise:
Natural Gas Operations $ 36,736 $ 47,005
Propane Operations 2,327 3,386
Other 14,803 6,978
Total accounts receivable from related parties: $ 53,866 $ 57,369
Accounts payable from related parties:
Enterprise:
Natural Gas Operations $ 2,687 $ 3,518
Propane Operations 22,985 31,642
Other 1,505 3,682
Total accounts payable from related parties: $ 27,177 $ 38,842
Net imbalance receivable from Enterprise $ 1,360 $ 694
Effective August 17, 2009, we acquired 100% of the membership interests of ETG, which owns all of the
partnership interests of Energy Transfer Technologies, Ltd. (“ETT”). ETT provides compression services to
customers engaged in the transportation of natural gas, including ETP. The membership interests of ETG
were contributed to us by Mr. Warren and by two entities, one of which is controlled by a director of our
General Partner’s general partner and the other of which is controlled by a member of ETP’s management.
In exchange, the former members acquired the right to receive (in cash or Common Units) future amounts to
be determined based on the terms of the contribution arrangement. These contingent amounts are to be
determined in 2014 and 2017, and the former members of ETG may receive payments contingent on the
acquired operations performing at a level above the average return required by ETP for approval of its own
growth projects during the period since acquisition. In addition, the former members may be required to
make cash payments to us under certain circumstances. We have not accrued any contingent payments
related to this agreement.
Prior to our acquisition of ETG in August 2009, our natural gas midstream and intrastate transportation and
storage operations secured compression services from ETT. The terms of each arrangement to provide
compression services were, in the opinion of independent directors of the General Partner, no more or less
favorable than those available from other providers of compression services. During the years ended
December 31, 2009 (through the ETG acquisition date) and 2008, we made payments totaling $3.4 million
and $9.4 million, respectively, to ETG for compression services provided to and utilized in our natural gas
midstream and intrastate transportation and storage operations.
Subsequent to the acquisition of ETG, we pay $4.7 million in operating lease payments per year to the
former owners for the use of compressor equipment through 2017.
13. REPORTABLE SEGMENTS:
Our financial statements reflect four reportable segments, which conduct their business exclusively in the
United States of America, as follows:
• natural gas operations consisting of:
Ointrastate transportation and storage;
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