DALLAS--(BUSINESS WIRE)--Oct. 31, 2017--
Energy Transfer Partners, L.P. (NYSE: ETP) today announced that its
wholly owned subsidiaries, Energy Transfer Interstate Holdings, LLC
(“ETIH”) and ET Rover Pipeline LLC (“HoldCo”), have closed the
previously announced sale of a 49.9% interest in HoldCo. HoldCo owns a
65% interest in Rover Pipeline LLC. As a result of this closing, HoldCo
is now owned 50.1% by Energy Transfer and 49.9% by Blackstone Energy
Phase 1A of the Rover Pipeline now transports more than one billion
cubic feet per day of natural gas from Cadiz, Ohio to Defiance, Ohio.
Upon full completion, the Rover Pipeline will be an approximately 713
mile pipeline designed to transport 3.25 billion cubic feet of natural
gas per day from the Marcellus and Utica Shale production areas to
markets across the United States as well as into Union Gas Dawn Hub in
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited
partnership that owns and operates one of the largest and most
diversified portfolios of energy assets in the United States.
Strategically positioned in all of the major U.S. production basins, ETP
owns and operates a geographically diverse portfolio of complementary
natural gas midstream, intrastate and interstate transportation and
storage assets; crude oil, natural gas liquids (NGL) and refined product
transportation and terminalling assets; NGL fractionation; and various
acquisition and marketing assets. ETP’s general partner is owned by
Energy Transfer Equity, L.P. (NYSE: ETE). For more information, visit
the Energy Transfer Partners, L.P. website at energytransfer.com.
Energy Transfer Equity, L.P. (NYSE:ETE) is a master limited
partnership that owns the general partner and 100% of the incentive
distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE: ETP)
and Sunoco LP (NYSE: SUN). ETE also owns Lake Charles LNG Company. On a
consolidated basis, ETE's family of companies owns and operates a
diverse portfolio of natural gas, natural gas liquids, crude oil and
refined products assets, as well as retail and wholesale motor fuel
operations and LNG terminalling. For more information, visit the Energy
Transfer Equity, L.P. website at energytransfer.com.
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. These risks and uncertainties include the risks that the
proposed transaction may not be consummated or the benefits contemplated
therefrom may not be realized. An extensive list of other factors that
can affect ETP’s future results are discussed in its Annual Reports on
Form 10-K and other documents filed from time to time with the
Securities and Exchange Commission. Except as required by law, ETP
undertakes no obligation to update or revise any forward-looking
statement to reflect new information or events.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171031006635/en/
Source: Energy Transfer Partners, L.P.
Energy Transfer Partners, L.P.
Hannah, Brent Ratliff, Helen Ryoo, 214-981-0795
Vicki Granado, Alexis Daniel, 214-840-5820