DALLAS & NEWTOWN SQUARE, Pa.--(BUSINESS WIRE)--Dec. 4, 2016--
Energy Transfer Partners, L.P. (NYSE: ETP) and Sunoco Logistics Partners
L.P. (NYSE: SXL) announced that the Administration’s statement today
that it would not at this time issue an “easement” to Dakota Access
Pipeline is a purely political action – which the Administration
concedes when it states it has made a “policy decision” – Washington
code for a political decision. This is nothing new from this
Administration, since over the last four months the Administration has
demonstrated by its action and inaction that it intended to delay a
decision in this matter until President Obama is out of office.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20161204005090/en/
For more than three years now, Dakota Access Pipeline has done nothing
but play by the rules. The Army Corps of Engineers agrees, and has said
so publicly and in federal court filings. The Corps’ review process and
its decisions have been ratified by two federal courts. The Army Corpsconfirmed
this again today when it stated its “policy decision” does “not alter
the Army’s position that the Corps’ prior reviews and actions have
comported with legal requirements.”
In spite of consistently stating at every turn that the permit for the
crossing of the Missouri River at Lake Oahe granted in July 2016,
comported with all legal requirements, including the use of an
environmental assessment, rather than an environmental impact statement,
the Army Corps now seeks to engage in additional review and analysis of
alternative locations for the pipeline.
The White House’s directive today to the Corps for further delay is just
the latest in a series of overt and transparent political actions by an
administration which has abandoned the rule of law in favor of currying
favor with a narrow and extreme political constituency.
As stated all along, ETP and SXL are fully committed to ensuring that
this vital project is brought to completion and fully expect to complete
construction of the pipeline without any additional rerouting in and
around Lake Oahe. Nothing this Administration has done today changes
that in any way.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161204005090/en/
Source: Energy Transfer Partners, L.P. and Sunoco Logistics Partners L.P.
Energy Transfer
Investor Relations:
Brent
Ratliff, 214-981-0795
or
Granado Communications Group
Media
Relations:
Vicki Granado, 214-599-8785
Cell: 214-498-9272
or
Sunoco
Logistics
Investor Relations:
Peter Gvazdauskas,
215-977-6322
or
Media Relations:
Jeff Shields,
215-977-6056