Press Releases

DALLAS, Jun 01, 2010 (BUSINESS WIRE) --Energy Transfer Partners, L.P. (NYSE: ETP) today announced that construction has begun on the approximately 175-mile Tiger Pipeline, an interstate natural gas pipeline to serve the Haynesville Shale and Bossier Sands producing regions in Louisiana and East Texas.

The 42-inch diameter Tiger Pipeline will have an initial capacity of 2 billion cubic feet per day and is expected to be in service in the first quarter of 2011. Through a planned expansion project announced in February, and subject to FERC approval, the ultimate capacity of the Tiger Pipeline is expected to be 2.4 billion cubic feet per day, all of which is sold out under long-term contracts ranging from 10 to 15 years. Pending necessary regulatory approvals, the expansion is expected to be in service in the last half of 2011.

The Tiger Pipeline will originate in Panola County, Texas and terminate in Richland Parish, Louisiana, interconnecting to seven interstate pipelines and one intrastate pipeline for ultimate delivery to markets across the Northeast, Southeast, Mid-Atlantic and Midwest. Construction of the pipeline has been awarded to two contractors: Henkels & McCoy (78 miles) and Michels Corporation (97 miles). Pre-expansion project costs for the Tiger Pipeline are expected to be $1.095 billion, down nearly $70 million from previous estimates.

"The start of construction on the Tiger Pipeline marks an exciting achievement for us as we are on schedule and under budget," said Lee Hanse, senior vice president, Interstate Pipeline Division. "We are dedicated to continuing this forward momentum as the Tiger project will provide our customers unparalleled access out of the Haynesville Shale and Bossier Sands producing regions. Furthermore, from a financial perspective the Tiger Pipeline will benefit our unitholders as it will provide significant distributable cash flow in 2011 and subsequent years."

Energy Transfer Partners, L.P. (NYSE: ETP) is a publicly traded partnership owning and operating a diversified portfolio of energy assets. ETP has pipeline operations in Arizona, Colorado, Louisiana, New Mexico, and Utah, and owns the largest intrastate pipeline system in Texas. ETP currently has natural gas operations that include more than 17,500 miles of gathering and transportation pipelines, treating and processing assets, and three storage facilities located in Texas. ETP also is one of the three largest retail marketers of propane in the United States, serving more than one million customers across the country.

Energy Transfer Equity, L.P. (NYSE:ETE) is a publicly traded partnership, which owns the general partner of Energy Transfer Partners and approximately 50.2 million ETP limited partner units; and the general partner of Regency Energy Partners and approximately 26.3 million Regency limited partner units.

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 Report 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.

The information contained in this press release is available on the Partnerships' website at www.energytransfer.com.

SOURCE: Energy Transfer Partners, L.P.

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