DALLAS--(BUSINESS WIRE)--Nov. 14, 2016--
Energy Transfer Partners, L.P. (NYSE: ETP) and Sunoco Logistics
Partners, L.P. (NYSE: SXL) denounced today’s announcement by the Army
Corps of Engineers regarding Dakota Access Pipeline’s authority to cross
under Lake Oahe in North Dakota as unjust and a reinforcement of the
Administration’s lack of interest in enforcing and abiding by the law.
Furthermore, there was no legal or factual justification stated by the
Corps for the delay. In fact, the Corps admitted again today that its
review had concluded that all previous decisions complied with all
applicable legal requirements.
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The Corps knows full well that it is seeking additional consultation
with a party that has steadfastly refused to consult. Rather than
holding Standing Rock Sioux Tribe accountable for its decisions over the
past three years, it seeks to reward them at this late date.
“This action is motivated purely by politics at the expense of a company
that has done nothing but play by the rules it was given,” said Kelcy
Warren, CEO of Energy Transfer Partners. “To propose, as the Corps now
does, to further delay this pipeline and to engage in what can only be
described as a sham process sends a frightening message about the rule
of law.”
Dakota Access is fully confident that the previous review process
conducted by the Corps was extremely thorough and comprehensive. The
Corps has supported and defended this process in two federal courts and
has been upheld both times.
Dakota Access will vigorously pursue its legal rights in this matter.
About Energy Transfer Partners
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 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 Energy Transfer Equity, L.P. For more information, visit the
Energy Transfer Partners, L.P. web site at www.energytransfer.com.
About Sunoco Logistics
Sunoco Logistics Partners L.P. (NYSE: SXL) is a master limited
partnership that owns and operates a logistics business consisting of a
geographically diverse portfolio of complementary pipeline,
terminalling, and acquisition and marketing assets which are used to
facilitate the purchase and sale of crude oil, refined products, and
natural gas liquids, and refined products. SXL’s general partner is a
consolidated subsidiary of Energy Transfer Partners, L.P. (NYSE: ETP).
For more information, visit the Sunoco Logistics Partners L.P. website
at www.sunocologistics.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 Partnerships’ Annual Report on Form 10-K and other
documents filed from time to time with the Securities and Exchange
Commission. The Partnerships undertake no obligation to update or revise
any forward-looking statement to reflect new information or events.
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Source: Energy Transfer Partners, L.P. and Sunoco Logistics Partners, L.P.
Energy Transfer
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Sunoco
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Peter Gvazdauskas,
215-977-6322
or
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Jeff Shields,
215-977-6056