B. Sunrise Merger On July 15, 2013, the Company and Equitrans entered into an Agreement and Plan of Merger with EQT and Sunrise, a wholly owned subsidiary of EQT and the owner of the Sunrise Pipeline. Effective July 22, 2013, Sunrise merged with and into Equitrans, with Equitrans continuing as the surviving company. The Company paid EQT total consideration of $540 million consisting of a $507.5 million cash payment, 479,184 Company common units and 267,942 Company general partner units. Prior to the Sunrise Merger, Sunrise entered into a precedent agreement with a third party for firm transportation service over a twenty-year term. If a transportation agreement pursuant to this precedent agreement becomes effective on its current terms by December 31, 2014, the Company will make an additional payment of $110 million to EQT. The transportation agreement is subject to review by regulatory authorities, which is expected to be completed by year-end 2013. The Company does not consider it probable that the contract will become effective and thus has not recorded a contingent liability as of September 30, 2013. The Company will also pay EQT additional consideration in the event certain other transportation agreements on the Sunrise system become effective prior to December 31, 2014. Prior to the Sunrise Merger, the Company operated the Sunrise Pipeline as part of its transmission and storage system under a lease agreement with EQT. The lease was accounted for as a capital lease for GAAP purposes; therefore, prior to the merger, revenues and expenses associated with Sunrise were included in the Company s historical consolidated financial statements and the Sunrise Pipeline was depreciated over the lease term of 15 years. However, the monthly lease payment to EQT offset the impact of the Sunrise operations on the Company s adjusted EBITDA and distributable cash flow. Effective as of the closing of the Sunrise Merger on July 22, 2013, the lease agreement was terminated. The Sunrise Merger was a transaction between entities