DALLAS--(BUSINESS WIRE)--May 6, 2014--
Energy Transfer Partners, L.P. (NYSE:
ETP) announced today that Houston Pipe Line Company LP
(“HPL”) and Oasis Pipeline, LP (both wholly owned subsidiaries of ETP),
have entered into 15-year agreements with Comisión Federal De
Electricidad (“CFE”), the Mexican agency handling Mexico’s electric
power needs, to provide transportation services for 930,000 MMBtu of
natural gas per day.
To facilitate these agreements, ETP will utilize its existing pipeline
infrastructure and will construct a new 24-inch pipeline from HPL's
pipeline located near Edinburg, Texas to a new international border
crossing near McAllen, Texas (“Edinburg Extension”). Additionally, ETP
will construct approximately 51 miles of 36-inch pipe extending from its
Robstown pipeline system in Nueces County, Texas to its facilities
located in Live Oak County, Texas (“Nueces Crossover”). The Edinburgh
Extension and Nueces Crossover are anticipated to be in service during
the fourth quarter of this year and first quarter of 2015, respectively.
“We are honored to team with CFE to help them meet the growing demand
for natural gas-fired generation in Mexico,” said Roy Patton, Senior
Vice President of Commercial Operations for ETP. “ETP’s extensive
intrastate pipeline system provides CFE with geographical diversity and
flexibility in sourcing its natural gas supplies. In addition to
supporting new pipeline infrastructure, these agreements will generate
upstream fee-based revenue for ETP’s existing intrastate pipeline
network.”
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited
partnership owning and operating one of the largest and most diversified
portfolios of energy assets in the United States. ETP currently owns and
operates approximately 35,000 miles of natural gas and natural gas
liquids pipelines. ETP owns 100% of Panhandle Eastern Pipe Line Company,
LP (the successor of Southern Union Company) and Sunoco, Inc., and a 70%
interest in Lone Star NGL LLC, a joint venture that owns and operates
natural gas liquids storage, fractionation and transportation assets.
ETP also owns the general partner, 100% of the incentive distribution
rights, and approximately 33.5 million common units in Sunoco Logistics
Partners L.P. (NYSE: SXL), which operates a geographically diverse
portfolio of crude oil and refined products pipelines, terminalling and
crude oil acquisition and marketing assets. ETP’s general partner is
owned by ETE. For more information, visit the Energy Transfer Partners,
L.P. web site at www.energytransfer.com.
Energy Transfer Equity, L.P. (NYSE: ETE) is a master
limited partnership which owns the general partner and 100% of the
incentive distribution rights (IDRs) of Energy Transfer Partners, L.P.
(NYSE: ETP), approximately 30.8 million ETP common units, and
approximately 50.2 million ETP Class H Units, which track 50% of the
underlying economics of the general partner interest and IDRs of Sunoco
Logistics Partners L.P. (NYSE: SXL). ETE also owns the general partner
and 100% of the IDRs of Regency Energy Partners LP (NYSE: RGP) and
approximately 26.3 million RGP common units. The Energy Transfer family
of companies owns more than 61,000 miles of natural gas, natural gas
liquids, refined products, and crude oil pipelines. For more
information, visit the Energy Transfer Equity, L.P. web site at www.energytransfer.com.
Forward-Looking Statements
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject to a
variety of known and unknown risks, uncertainties, and other factors
that are difficult to predict and many of which are beyond management’s
control. An extensive list of factors that can affect future results are
discussed in the Partnership’s Annual Report on Form 10-K and other
documents filed from time to time with the Securities and Exchange
Commission. The Partnership undertakes no obligation to update or revise
any forward-looking statement to reflect new information or events.
The information contained in this press release is available on our
website at www.energytransfer.com.
Source: Energy Transfer Partners, L.P.
Investor Relations:
Energy Transfer
Brent Ratliff, 214-981-0700
or
Media
Relations:
Granado Communications Group
Vicki Granado,
214-599-8785
214-498-9272 (cell)