Suburban Propane Partners, L.P. Announces Agreement with New York State Attorney...

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Tue Jun 16, 2009 12:15pm EDT

Suburban Propane Partners, L.P. Announces Agreement with New York State
Attorney General on Tank Rental Fees

WHIPPANY, N.J., June 16 /PRNewswire-FirstCall/ -- Suburban Propane Partners,
L.P. (NYSE: SPH), a nationwide distributor of propane, fuel oil and related
products and services, as well as a marketer of natural gas and electricity,
today announced that as part of a settlement with the New York State Attorney
General, its operating subsidiary, Suburban Propane, L.P., has agreed to issue
a one-time credit to approximately 22,000 residential propane customers in New
York State who may not have received sufficient advance written notice of tank
rental fees on Suburban-owned propane storage tanks during the period May 1,
2008 through March 31, 2009.  The credit will be in an amount equal to
one-third of the annual tank rent charge paid by the customer.

Affected customers need not take any action to obtain the credit.  Suburban
Propane will be notifying eligible customers by mail that they will be
receiving a credit to their account by September 7, 2009.  The credit will
automatically be applied by Suburban Propane to any outstanding or future
balances of eligible customers until fully utilized. 

In conformance with applicable law, Suburban Propane's policy is to give
customers reasonable written notice of a pending increase in tank rental fees,
including commencement of a tank rental charge for customers not already
paying such a charge.  In the course of voluntarily cooperating with the
office of the New York State Attorney General in its investigation, Suburban
Propane discovered that there was an issue as to the adequacy of that notice
in some cases.  This settlement resolves that issue.  In entering into the
settlement agreement with the Attorney General, Suburban Propane did not admit
to any liability or wrongdoing.  Suburban Propane entered into the agreement
to both resolve the case without lengthy litigation and as a measure of good
faith to our New York customers.

In announcing the settlement, Michael J. Dunn, Jr., President of Suburban
Propane, noted that, "Our tank rental fees help us cover a portion of the ever
increasing costs we face in connection with the provision of Suburban-owned
storage tanks to our propane customers, including costs to acquire, inspect,
maintain and insure the tanks.  If one of our tanks ever needs to be repaired
or replaced, we do so at no extra cost to the customer.  By charging tank
rental fees, we are better able to continue providing our customers with the
high level of service they have come to associate with the Suburban Propane
name."  Mr. Dunn continued, "At Suburban Propane, we take our motto, 'Our
Business is Customer Satisfaction,' very seriously.  We want to thank our
loyal customers for their continued patronage."

Suburban Propane Partners, L.P. is a publicly traded Master Limited
Partnership listed on the New York Stock Exchange. Headquartered in Whippany,
New Jersey Suburban has been in the customer service business since 1928. The
Partnership serves the energy needs of approximately 900,000 residential,
commercial, industrial and agricultural customers through more than 300
locations on 30 states.
SOURCE  Suburban Propane Partners, L.P.

Peter Teshima, Managing Director of Suburban Propane Partners, L.P.,
+1-973-503-9968
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