22. | Related Party Transactions |
The following table presents the Corporation’s related party transactions:
2013 | 2012 | 2011 | |||||||||||||
(In millions) | |||||||||||||||
Purchases: |
|||||||||||||||
HOVENSA (a) |
$ | — | $ | 145 | $ | 3,806 | |||||||||
Bayonne Energy Center LLC (b) |
38 | 20 | — | ||||||||||||
Sales: |
|||||||||||||||
WilcoHess |
2,828 | 3,058 | 2,898 | ||||||||||||
HOVENSA |
90 | 191 | 710 |
(a) |
The Corporation ceased purchasing refined products from HOVENSA following the closure of HOVENSA’s refinery in January 2012. |
(b) |
Represents purchases of electricity from this 50% owned joint venture under a tolling agreement. |
The following table presents the Corporation’s related party accounts receivable (payable) at December 31:
2013 | 2012 | |||||||||
(In millions) | ||||||||||
WilcoHess |
$ | 114 | $ | 119 | ||||||
Bayonne Energy Center LLC |
(4 | ) | (3 | ) |