Energy Transfer Partners Announces Resolution of CFTC Proceedings

DALLAS--(Business Wire)--
Energy Transfer Partners, L.P. (NYSE:ETP) today announced it has
reached an agreement to resolve the pending legal proceeding brought
by the Commodity Futures Trade Commission ("CFTC"). Under the
agreement, ETP will pay the CFTC $10 million, and the CFTC agreed to
release ETP and its affiliates, directors and employees from all
claims or causes of actions asserted by the CFTC in this proceeding.
As a result of this agreement, the CFTC's legal proceeding has been
dismissed by the court. The agreement between the CFTC and ETP
contains no findings of fact or conclusions of law.

"We are pleased to have resolved this matter," said Jerry Langdon,
Energy Transfer Partner's Chief Administrative and Compliance Officer.
"This is an important and positive step for Energy Transfer as we
focus on the continued execution of our business plans."

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 the Partnership's Annual Report on
Form 10-K and other documents filed from time to time with the
Securities and Exchange Commission. The Partnership undertakes no
obligation to update or revise any forward-looking statement to
reflect new information or events.

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's 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 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
the Partnership's website at www.energytransfer.com.

Investor Relations:
Energy Transfer
Renee Lorenz, 214-981-0795
or
Media Relations:
Gittins & Granado
Vicki Granado, 214-504-2260
Cell: 214-498-9272

Copyright Business Wire 2008