DALLAS--(BUSINESS WIRE)--Feb. 3, 2017--
Energy Transfer Partners, L.P. (NYSE: ETP) today announced that
the Federal Energy Regulatory Commission (FERC) approved Rover Pipeline
LLC’s (“Rover”) application to construct and operate the Rover Pipeline
Project. FERC’s order, issued yesterday, allows Rover to move forward
with its pipeline. Rover has already notified FERC that it has accepted
the certificate. FERC’s order also approved Rover’s proposed tariff
rates without modification.
Consistent with its previous statements, Rover anticipates it can meet
its targeted in-service goals of July 2017 for Phase I and November 2017
for Phase II.
The Rover Pipeline Project consists of new interstate pipeline and
related facilities extending from the Appalachian supply area to a
proposed interconnection with Vector Pipeline, LP in Livingston County,
Michigan. The Rover Pipeline will transport up to 3.25 billion cubic
feet per day of domestically-produced natural gas to markets in the
Midwest, Northeast, East Coast, Gulf Coast and Canada, with direct
deliveries to Ohio, West Virginia, Michigan, and into the Dawn Hub in
Ontario, Canada, which has a broader network of distribution points back
into the U.S.
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. ETP’s
subsidiaries include Panhandle Eastern Pipe Line Company, LP (the
successor of Southern Union Company) and Lone Star NGL LLC, which owns
and operates natural gas liquids storage, fractionation and
transportation assets. In total, ETP currently owns and operates more
than 62,500 miles of natural gas and natural gas liquids pipelines. ETP
also owns the general partner, 100% of the incentive distribution
rights, and approximately 67.1 million common units of Sunoco Logistics
Partners L.P. (NYSE: SXL), which operates a geographically diverse
portfolio of pipelines, terminalling and acquisition and marketing
assets. ETP recently acquired the general partner, 100% of the incentive
distribution rights, and an approximate 65% limited partnership interest
in PennTex Midstream Partners, LP (Nasdaq: PTXP), which is a
growth-oriented master limited partnership that provides natural gas
gathering and processing and residue gas and natural gas liquids
transportation services to producers in northern Louisiana. 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 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 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: http://www.businesswire.com/news/home/20170203005709/en/
Source: Energy Transfer Partners, L.P.
Investor Relations:
Energy Transfer
Helen Ryoo,
214-981-0795
or
Brent Ratliff, 214-981-0795
or
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Hannah, 214-981-0795
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