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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
April 24, 2008
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
(State or other jurisdiction
of incorporation)
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1-32740
(Commission
File Number)
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30-0108820
(IRS Employer
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))
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Item 7.01 |
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Regulation FD Disclosure. |
On
April 24, 2008, Energy Transfer Equity, L.P. (the
Partnership) issued a press release announcing an increase in its
quarterly distribution to unitholders. 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).
On
April 24, 2008, the Partnership issued a press release
announcing an increase in its quarterly distribution to unitholders.
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Item 9.01. |
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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 Number |
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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 April 24, 2008. |
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: April 25, 2008
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/s/ John W. McReynolds
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John W. McReynolds |
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President and Chief Financial Officer |
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Exhibit Index
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Exhibit Number |
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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 April 24, 2008. |
exv99w1
Exhibit 99.1
FOR IMMEDIATE RELEASE
ENERGY TRANSFER DECLARES
INCREASE IN UNITHOLDER DISTRIBUTIONS
DALLAS April 24, 2008 Energy Transfer Partners, L.P. (NYSE:ETP) and Energy Transfer Equity,
L.P. (NYSE:ETE) today announced respective quarterly distribution increases. ETP has approved its
new quarterly distribution of $0.86875 per unit ($3.475 annualized) on ETPs outstanding common
units for the quarter ended March 31, 2008. The new quarterly distribution of $0.86875 per common
unit will be paid on May 15, 2008 to Unitholders of record as of the close of business on May 5,
2008.
ETE has also approved its new quarterly distribution of $0.44 per unit ($1.76 annualized) on ETEs
outstanding common units for the quarter ended March 31, 2008. The new quarterly distribution of
$0.44 per common unit will be paid on May 19, 2008 to Unitholders of record as of the close of
business on May 5, 2008.
Our confidence in the partnerships growth prospects is reflected in our decision to again
increase both the ETP and ETE distributions, said Brian Jennings, Chief Financial Officer of
Energy Transfer Partners. We are off to a very strong start with our first quarter results
expected to exceed our guidance.
Both Partnerships expect to release earnings for the First Quarter 2008 ended March 31, 2008 on
Monday, May 12, 2008, after the market closes. A conference call has been scheduled for 8:00 a.m.
Central Time, Tuesday, May 13th to discuss these quarterly results. The dial-in number
for this call is 1-800-230-1074, participant code: Energy Transfer.
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. ETPs
natural gas operations include intrastate natural gas gathering and transportation pipelines,
natural gas treating and processing assets and three natural gas storage facilities located in
Texas. These assets include approximately 14,000 miles of intrastate pipeline in service, with
approximately 500 miles of intrastate pipeline under
more
Energy Transfer/Page 2
construction, and 2,400 miles of interstate pipeline. ETP is also 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) owns the general partner of Energy Transfer
Partners and approximately 62.5 million ETP limited partners units. Together ETP and ETE have a
combined enterprise value of approximately $20 billion.
The information contained in this press release is available on our website at
www.energytransfer.com.
Company: Energy Transfer Partners, L.P. (NYSE:ETP)
Record Date: May 5, 2008
Ex Date: May 1, 2008
Payment Date: May 15, 2008
Amount Paid: $0.86875 per Common Unit
Company: Energy Transfer Equity, L.P. (NYSE:ETE)
Record Date: May 5, 2008
Ex Date: May 1, 2008
Payment Date: May 19, 2008
Amount Paid: $0.44 per Common Unit
Contacts:
Investor Relations:
Renee Lorenz
Energy Transfer
214-981-0700 (office)
Media Relations:
Vicki Granado
Gittins & Granado
214.504.2260 (office)
214.498.9272 (cell)
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