jdm if you are referring to the freeze-offs that very typical in cold climates in winter months and it happens to all operators. Not sure which cost compo nets are involved, but the cost of product sold on the system exceeding expectations is bothersome and they will need to remedy it quickly
I am not sure but this is the referenced part I was referring to.
"Following the fourth quarter 2012 earnings release on February 26, 2013, the Partnership received new information related to the system the Partnership acquired from BP, which operated the system through the fourth quarter in accordance with a transition services agreement. The Partnership was informed that the cost of product sold on the system was higher than had been originally communicated. The Partnership does not view the resulting change to its fourth quarter net income or Adjusted EBITDA as material to its previously reported financial information. Given this new information and the initial results of the system for January 2013, the acquired assets' expected contribution to the Partnership's Adjusted EBITDA for the full-year 2013 is consistent with the Partnership's stated expectations at the time of the acquisition that the purchase price was in the range of 9x-10x the expected annual Adjusted EBITDA contribution, but is running below the $6.8 million quarterly Adjusted EBITDA run-rate mentioned on the Partnership's fourth quarter 2012 earnings conference call."