Registration Statement No. 333-164414

 

 

securities and exchange commission

Washington, D.C. 20549

FORM T-1

STATEMENT OF ELIGIBILITY UNDER
THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

Check if an Application to Determine Eligibility of
a Trustee Pursuant to Section 305(b)(2)  þ

U.S. BANK NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

31-0841368
I.R.S. Employer Identification No.

800 Nicollet Mall
Minneapolis, Minnesota		55402
(Address of principal executive offices)		(Zip Code)

Steven A. Finklea
U.S. Bank National Association
5555 San Felipe, Suite 1150
Houston, Texas 77056
(713) 235-9208

(Name, address and telephone number of agent for service)

ENERGY TRANSFER EQUITY, L.P.

(Issuer with respect to the Securities)

Delaware		30-0108820
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
3738 Oak Lawn Avenue
Dallas, Texas		75219
(Address of Principal Executive Offices)		(Zip Code)

 

 

FORM T-1

Item 1. GENERAL INFORMATION. Furnish the following information as to the Trustee.

a)

Name and address of each examining or supervising authority to which it is subject.

Comptroller of the Currency
Washington, D.C.

b)

Whether it is authorized to exercise corporate trust powers.

Yes

Item 2.		AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.

None

Items 3-15		Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

Item 16.		LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

	1.		A copy of the Articles of Association of the Trustee.*
	2.		A copy of the certificate of authority of the Trustee to commence business.*
	3.		A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*
	4.		A copy of the existing bylaws of the Trustee.
	5.		A copy of each Indenture referred to in Item 4. Not applicable.
	6.		The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.
	7.		Report of Condition of the Trustee as of June 30, 2010 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

SIGNATURE

     Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Houston, State of Texas on the 20th of September, 2010.

By:		/s/ Brad A. Hounsel
		Brad A. Hounsel
		Vice President

Exhibit 6

CONSENT

     In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Dated: September 20, 2010

By:		/s/ Brad A. Hounsel
		Brad A. Hounsel
		Vice President

Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
Exhibit 7
As of 6/30/2010

($000’s)

		6/30/2010
Assets
Cash and Balances Due From Depository Institutions		$	5,021,509
Securities			46,751,442
Federal Funds			4,344,927
Loans & Lease Financing Receivables			182,237,162
Fixed Assets			5,440,512
Intangible Assets			13,006,313
Other Assets			21,662,778
Total Assets		$	278,464,643
Liabilities
Deposits		$	191,033,345
Fed Funds			11,079,681
Treasury Demand Notes			0
Trading Liabilities			437,280
Other Borrowed Money			32,340,366
Acceptances			0
Subordinated Notes and Debentures			8,129,967
Other Liabilities			7,450,842
Total Liabilities		$	250,471,481
Equity
Minority Interest in Subsidiaries		$	1,704,554
Common and Preferred Stock			18,200
Surplus			12,636,872
Undivided Profits			13,633,536
Total Equity Capital		$	27,993,162
Total Liabilities and Equity Capital		$	278,464,643

To the best of the undersigned’s determination, as of the date hereof, the above financial information is true and correct.

U.S. Bank National Association

By:		/s/ Steven A. Finklea
		Vice President

Date: September 20, 2010