Boardwalk Pipeline Partners, LP owns and operates the business conducted by Boardwalk Pipelines, LP (Boardwalk Pipelines) and its subsidiaries, Texas Gas Transmission, LLC (Texas Gas) and Gulf South Pipeline Company, LP (Gulf South). The Company is engaged in the interstate transportation and storage of natural gas for a mix of customers, including local distribution companies (LDCs), municipalities, interstate and intrastate pipelines, direct industrial users, electric power generation plants, marketers and producers. For the year ended December 31, 2007, approximately 65% of the Company's revenues were derived from capacity reservation charges under firm contracts. During 2007, the Company's customer mix comprised LDCs (32%), pipeline interconnects (34%), storage (13%), industrial end users (7%), power plants (6%) and miscellaneous other (8%).