Energy Transfer to Begin Procedures to Resume the Utility Immediately
DALLAS--(BUSINESS WIRE)--May 3, 2018--
Energy Transfer Partners, L.P. (NYSE: ETP) announced today that its
subsidiary, Sunoco Pipeline L.P. (SPLP), received a unanimous vote from
the Pennsylvania Public Utility Commission (PUC) to resume operations of
its Mariner East 1 pipeline. SPLP has worked diligently with the PUC’s
I&E Division and their outside experts on the matter for several weeks
and is pleased that all investigations concur regarding the safety and
integrity of the pipeline. The procedures to resume public utility
service on the pipeline will begin immediately.
Mariner East 1 is a major transporter of propane in Pennsylvania, which
is ultimately delivered to local communities, providing affordable fuel
to heat homes and run businesses. When Mariner East 1 was shut-in as a
precautionary measure, there were no issues with the pipeline, which has
been safely operating for decades. Its continued safe operation has now
been verified by all parties.
Mariner East 1 is part of a larger public utility system including the
Mariner East 2 and Mariner East 2X pipelines, which are currently under
construction. Mariner East 2 mainline construction is 98% complete and
93% of the HDDs are either complete, in-progress or have been released
for restart. Mariner East 2 is a critical energy infrastructure project,
not only for Pennsylvania’s economy, but for the thousands of people it
puts to work every day. The total potential economic impact from all
Mariner East construction in Pennsylvania is estimated to be more than
$9 billion, supporting approximately 9,500 total jobs each year over six
years of construction, with estimated wages of nearly $3 billion. These
projects provide an economic boost in the 17 counties where they are
located and across the entire Commonwealth.
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 and
the general partner of USA Compression Partners, LP (NYSE: USAC). 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. An extensive list of factors that can affect future results are
discussed in ETP’s Annual Reports on Form 10-K and other documents filed
from time to time with the Securities and Exchange Commission. ETP
undertakes no obligation to update or revise any forward-looking
statement to reflect new information or events.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180503006811/en/
Source: Energy Transfer Partners, L.P.
Energy Transfer Partners, L.P.
Hannah, Brent Ratliff, Helen Ryoo, 214-981-0795
Vicki Granado, Lisa Dillinger, 214-840-5820