• Our general partner will have the right to agree to further increases in connection with expansions of our
operations through the acquisition or construction of new assets or businesses, with the concurrence of
the special committee of DCP Midstream GP, LLC’s board of directors.
East Texas incurs general and administrative expenses directly from DCP Midstream, LLC. During the
years ended December 31, 2011, 2010 and 2009, East Texas incurred $7.5 million, $7.8 million and $8.5
million, respectively, for general and administrative expenses from DCP Midstream, LLC, which includes
expenses for our predecessor operations. Effective January 1, 2012, general and administrative expenses
incurred by East Texas will be covered in the Omnibus Agreement.
In addition to the Omnibus Agreement and amounts incurred by East Texas, we incurred other fees with
DCP Midstream, LLC, which includes expenses for our predecessor operations, of $1.4 million, $1.5 million
and $1.9 million, respectively, for the years ended December 31, 2011, 2010 and 2009, respectively. These
amounts include allocated expenses, including professional services, insurance and internal audit.
We also incurred third party general and administrative expenses, which were primarily related to
compensation and benefit expenses of the personnel who provide direct support to our operations. Also
included are expenses associated with annual and quarterly reports to unitholders, tax return and Schedule K-1
preparation and distribution, independent auditor fees, due diligence and acquisition costs, costs associated with
the Sarbanes-Oxley Act of 2002, investor relations activities, registrar and transfer agent fees, incremental
director and officer liability insurance costs, and director compensation.
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