Common use of Transactions with Other Related Parties Clause in Contracts

Transactions with Other Related Parties. Our other related parties include (i) principal owners and their affiliated entities and (ii) entities in which we hold investments and account for under the equity method of accounting (see Note 9 for information regarding such entities). We recognize as our principal owners entities that have a designated representative on the board of directors of PAGP GP and/or own greater than 10% of the limited partner interests in AAP. Such limited partner interests in AAP translates into a significantly smaller indirect ownership interest in PAA. We also consider subsidiaries or funds identified as affiliated with principal owners to be related parties. As of December 31, 2019, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Capital Advisors, L.P. was a principal owner. Through various transactions by an affiliate of The Energy & Minerals Group (“EMG”) in May 2019, EMG’s limited partner interest in AAP was significantly reduced, which caused EMG to lose its right to designate a representative on the board of directors of PAGP GP. As a result, EMG’s board designee, ▇▇▇▇ ▇. ▇▇▇▇▇▇▇, was automatically removed from the PAGP GP board. Subsequent to such removal, ▇▇. ▇▇▇▇▇▇▇ was elected to continue to serve as a director of the PAGP GP board. Additionally, as a result of various transactions by Oxy in September 2019, Oxy no longer holds a limited partner interest in AAP and lost its right to designate a representative on the board of directors of PAGP GP. As a result, ▇▇▇’s board designee, ▇▇▇▇▇ ▇▇▇▇▇, was automatically removed from the PAGP GP board. Following these transactions, we no longer recognize EMG or Oxy as a principal owner. During the three years ended December 31, 2019, we recognized sales and transportation revenues, purchased petroleum products and utilized transportation services from our principal owners and their affiliated entities and our equity method investees. These transactions were conducted at posted tariff rates or prices that we believe approximate market. Included in these transactions was a crude oil buy/sell agreement that includes a multi-year minimum volume commitment. The impact to our Consolidated Statements of Operations from these transactions is included below (in millions): Revenues from related parties(1)(2) . . . . . . . . . . . . . . . . . . $692 $1,067 $927 Purchases and related costs from related parties(2) . . . . . . . $223 $ 410 $286

Transactions with Other Related Parties. Our other related parties include (i) principal owners and their affiliated entities and (ii) entities in which we hold investments and account for under the equity method of accounting (see Note 9 for information regarding such entities). We recognize as our principal owners entities that have a designated representative on the board of directors of PAGP GP our general partner and/or own greater than 10% of the limited partner interests in AAP. Such limited partner interests in AAP translates into a significantly smaller indirect ownership interest in PAA. We also consider subsidiaries or funds identified as affiliated with principal owners to be related parties. As of December 31, 2019, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Capital Advisors, L.P. was a principal owner. Through various transactions by an affiliate of The Energy & Minerals Group (“EMG”) EMG in May 2019, EMG’s limited partner interest in AAP was significantly reduced, which caused EMG to lose its right to designate a representative on the board of directors of PAGP GP. As a result, EMG’s board designee, ▇▇▇▇ ▇. ▇▇▇▇▇▇▇, was automatically removed from the PAGP GP board. Subsequent to such removal, ▇▇. ▇▇▇▇▇▇▇ was elected to continue to serve as a director of the PAGP GP board. Additionally, as a result of various transactions by Oxy in September 2019, Oxy no longer holds a limited partner interest in AAP and lost its right to designate a representative on the board of directors of PAGP GP. As a result, ▇▇▇’s board designee, ▇▇▇▇▇ ▇▇▇▇▇, was automatically removed from the PAGP GP board. Following these transactions, we no longer recognize EMG or Oxy as a principal owner. During the three years ended December 31, 2019, we recognized sales and transportation revenues, purchased petroleum products and utilized transportation services from our principal owners and their affiliated entities and our equity method investees. These transactions were conducted at posted tariff rates or prices that we believe approximate market. Included in these transactions was a crude oil buy/sell agreement that includes a multi-year minimum volume commitment. The impact to our Consolidated Statements of Operations from these transactions is included below (in millions): Revenues from related parties(1)(2) . . . . . . . . . . . . . . . . . . . . . . . . . $692 $1,067 $927 Purchases and related costs from related parties(2) . . . . . . . . . . . . . . $223 $ 410 $286

Transactions with Other Related Parties. Our other related parties include (i) principal owners and their affiliated entities and (ii) entities in which we hold investments and account for under the equity method of accounting (see Note 9 for information regarding such entities). We recognize as our principal owners entities that have a designated representative on the board of directors of PAGP GP and/or own greater than 10% of the limited partner interests in AAP. Such limited partner interests in AAP translates into a significantly smaller indirect ownership interest in PAA. We also consider subsidiaries or funds identified as affiliated with principal owners to be related parties. As of December 31, 20192020, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Capital Advisors, L.P. was a principal owner. Through various transactions by an affiliate of The Energy & Minerals Group (“EMG”) in May 2019, EMG’s limited partner interest in AAP was significantly reduced, which caused EMG to lose its right to designate a representative on the board of directors of PAGP GP. As a result, EMG’s board designee, ▇▇▇▇ ▇. ▇▇▇▇▇▇▇, was automatically removed from the PAGP GP board. Subsequent to such removal, ▇▇. ▇▇▇▇▇▇▇ was elected to continue to serve as a director of the PAGP GP board. Additionally, as a result of various transactions by Oxy in September 2019, Oxy no longer holds a limited partner interest in AAP and lost its right to designate a representative on the board of directors of PAGP GP. As a result, ▇▇▇’s board designee, ▇▇▇▇▇ ▇▇▇▇▇, was automatically removed from the PAGP GP board. Following these transactions, we no longer recognize EMG or Oxy as a principal owner. During the three years ended December 31, 20192020, we recognized sales and transportation revenues, purchased petroleum products and utilized transportation and storage services from our principal owners and their affiliated entities and our equity method investees. These transactions were conducted at posted tariff rates or prices that we believe approximate market. Included in these transactions was a crude oil buy/buy/ sell agreement that includes a multi-year minimum volume commitment. The impact to our Consolidated Statements of Operations from these transactions is included below (in millions): Revenues from related parties(1)(2parties(1) . . . . . . . . . . . . . . . . . . $692 $1,067 $927 Purchases and related costs from related parties(2) . . . . . . . . . . . $ 46 $692 $1,067 Purchases and related costs from related parties(1) $451 $223 $ 410 $286410