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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
January 27, 2011
Date of Report (Date of earliest event reported)
ENERGY TRANSFER EQUITY, L.P.
(Exact name of Registrant as specified in its charter)
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Delaware
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001-32740
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30-0108820 |
(State or other jurisdiction
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(Commission
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(IRS Employer |
of incorporation)
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File Number)
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Identification Number) |
3738 Oak Lawn Avenue
Dallas, TX 75219
(Address of principal executive offices)
(214) 981-0700
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01. Regulation FD Disclosure.
On January 27, 2011, Energy Transfer Equity, L.P. (the Partnership) issued a press release
announcing its Board of Directors approved an increase in the Partnerships cash distribution for
the quarter ended December 31, 2010.
A copy of the press release is set forth in Exhibit 99.1 and is incorporated herein by
reference. In accordance with General Instruction B.2 of Form 8-K, the information set forth in the
attached Exhibit 99.1 is deemed to be furnished and shall not be deemed to be filed for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act).
Item 8.01. Other Events.
On January 27, 2011, the Partnership announced that its Board of Directors has approved a
quarterly distribution of $0.54 per unit ($2.16 annualized) on common units for the quarter ended
December 31, 2010. The distribution will be paid on February 18, 2011 to unitholders of record as
of the close of business on February 7, 2011.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. In accordance with General Instruction B.2 of Form 8-K, the information set
forth in the attached Exhibit 99.1 is deemed to be furnished and shall not be deemed to be
filed for purposes of Section 18 of the Exchange Act.
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Exhibit |
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Description of the Exhibit |
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Exhibit 99.1
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Energy Transfer Equity, L.P. Press Release, dated January 27, 2011. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Energy Transfer Equity, L.P. |
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By:
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LE GP, LLC, |
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its general partner |
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Date: January 27, 2011
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/s/ John W. McReynolds |
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John W. McReynolds |
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President and Chief Financial Officer |
Exhibit Index
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Exhibit |
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Description of the Exhibit |
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Exhibit 99.1
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Energy Transfer Equity, L.P. Press Release, dated January 27, 2011. |
exv99w1
Exhibit 99.1
ENERGY TRANSFER ANNOUNCES CASH DISTRIBUTION
FOR FOURTH QUARTER OF 2010
DALLAS January 27, 2011 Energy Transfer Partners, L.P. (NYSE:ETP) and Energy Transfer
Equity, L.P. (NYSE:ETE) today announced that the Board of Directors of each Partnership has
approved quarterly distributions for the quarter ended December 31, 2010.
ETPs Board of Directors has approved a quarterly distribution of $0.89375 per unit ($3.575
annualized) on ETP common units for the quarter ended December 31, 2010. The cash distribution will
be paid on February 14, 2011 to unitholders of record as of the close of business on February 7,
2011.
ETEs Board of Directors has approved a quarterly distribution of $0.54 per unit ($2.16 annualized)
on ETEs outstanding common units for the quarter ended December 31, 2010. The cash distribution
will be paid on February 18, 2011 to unitholders of record as of the close of business on February
7, 2011.
Both partnerships expect to release earnings for the quarter and year ended December 31, 2010 on
Wednesday, February 16, 2011, after the market closes. ETP and ETE will conduct a joint conference
on Thursday, February 17, 2011 at 8:00 a.m. Central Time to discuss their quarterly and annual
results. The conference call will be broadcast live via an internet web cast, which can be accessed
through www.energytransfer.com. The call will also be available for replay on Energy Transfers web
site for a limited time.
Company: Energy Transfer Partners, L.P. (NYSE:ETP)
Record Date: February 7, 2011
Ex Date: February 3, 2011
Payment Date: February 14, 2011
Amount Paid: $0.89375 per Common Unit
Company: Energy Transfer Equity, L.P. (NYSE:ETE)
Record Date: February 7, 2011
Ex Date: February 3, 2011
Payment Date: February 18, 2011
Amount Paid: $0.54 per Common Unit
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Energy Transfer/Page 2
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 Arkansas, Arizona, Colorado,
Louisiana, Mississippi, New Mexico, Utah, and West Virginia 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 (NYSE:ETP) and approximately 50.2 million ETP limited partner
units; and owns the general partner of Regency Energy Partners (NASDAQ:RGNC) 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 managements control. An extensive list of
factors that can affect future results are discussed in the Partnerships Annual Reports 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.
This release serves as qualified notice to nominees as provided for under Treasury Regulation
section 1.1446-4(b)(4) and (d). Please note that 100 percent of Energy Transfer Partners, L.P.s
and Energy Transfer Equity, L.P.s distributions to foreign investors are attributable to income
that is effectively connected with a United States trade or business, Accordingly, all of Energy
Transfer Partners, L.P.s and Energy Transfer Equity, L.P.s distributions to foreign investors are
subject to federal tax withholding at the highest applicable effective tax rate. Nominees are
treated as withholding agents responsible for withholding distributions received by them on behalf
of foreign investors.
The information contained in this press release is available on our website at
www.energytransfer.com.
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Energy Transfer/Page 3
Contacts
Investor Relations:
Brent Ratliff
Energy Transfer
214-981-0700 (office)
Media Relations:
Vicki Granado
Granado Communications Group
214-599-8785 (office)
214-498-9272 (cell)
more