Profile: Energy Transfer Equity LP (ETE.N)

ETE.N on New York Stock Exchange

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Energy Transfer Equity, L.P. (ETE), incorporated on August 23, 2005, is a limited partnership company. The Company’s subsidiaries include Lake Charles Liquefied natural gas (LNG) Company, LLC, Lake Charles LNG Export, LLC and Sunoco LP. The Company operates in four segments: Investment in ETP, including the consolidated operations of ETP; Investment in Regency, including the consolidated operations of Regency; Investment in Lake Charles LNG, including the operations of Lake Charles LNG, and Corporate and Other, including activities of the Parent Company; and the goodwill and property, plant and equipment fair value adjustments.

Investment in ETP

The Company’s ETP’s operations include Intrastate Transportation and Storage Operations, Interstate Transportation and Storage Operations, Midstream Operations, natural gas liquid (NGL) Transportation and Services Operations, ETP’s Investment in Sunoco Logistics, Retail Marketing Operations, and ETP’s All Other Operations and Investments. ETP’s natural gas transportation pipelines receive natural gas from other mainline transportation pipelines and gathering systems and deliver the natural gas to industrial end-users, utilities and other pipelines. Through its intrastate transportation and storage Operations, ETP owns and operates approximately 7,800 miles of natural gas transportation pipelines with approximately 14.0 billion cubic feet per day (Bcf/d) of transportation capacity and three natural gas storage facilities.

ETP directly owns and operates approximately 12,800 miles of interstate natural gas pipeline with approximately 11.3 Bcf/d of transportation capacity and has a 50% interest in the joint venture that owns the 185-mile Fayetteville Express pipeline. ETP also owns a 50% interest in Citrus which owns 100% of FGT, an approximately 5,400 mile pipeline system. ETP’s interstate transportation and storage operations include Panhandle, which owns and operates natural gas open-access interstate pipeline network. The pipeline network, consisting of the PEPL, Trunkline and Sea Robin transmission systems, serves customers with an array of transportation and storage services. In connection with its natural gas pipeline transmission and storage systems, Panhandle has five natural gas storage fields. Southwest Gas operates four of these fields and Trunkline operates one.

The midstream natural gas industry is the link between the exploration and production of natural gas and the delivery of its components to end-use markets. The midstream industry consists of natural gas gathering, compression, treating, processing and transportation. Through ETP’s midstream operations, ETP owns and operates approximately 6,700 miles of in service natural gas and NGL gathering pipelines with approximately 6.0 Bcf/d of gathering capacity, five natural gas processing plants, 15 natural gas treating facilities and three natural gas conditioning facilities.

NGL transportation pipelines transport mixed NGLs and other hydrocarbons from natural gas processing facilities to fractionation plants and storage facilities. NGL storage facilities are used for the storage of mixed NGLs, NGL products and petrochemical products in storage tanks and underground wells, which allow for the injection and withdrawal of such products at various times. NGL fractionators separate mixed NGL streams into purity products, such as ethane, propane, normal butane, isobutane and natural gasoline. Through ETP’s NGL transportation and services operations ETP has a 70% interest in Lone Star, which owns approximately 2,000 miles of NGL pipelines with an aggregate transportation capacity of approximately 388,000 barrels per day (Bbls/d), three NGL processing plants with an aggregate processing capacity of approximately 904 million cubic feet per day (MMcf/d), three fractionation facilities with an aggregate capacity of 251,000 Bbls/d and NGL storage facilities with aggregate working storage capacity of approximately 47 million Bbls. ETP also owns and operates approximately 274 miles of NGL pipelines including a 50% interest in the Liberty pipeline, an approximately 87-mile NGL pipeline.

ETP controls Sunoco Logistics through its ownership of the general partner, the operations of Sunoco Logistics. Sunoco Logistics owns and operates a logistics business, consisting of a geographically diverse portfolio of pipeline, terminalling, and acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil and refined petroleum products pipelines. Sunoco Logistics’ crude oil pipelines consist of approximately 4,900 miles of crude oil trunk pipelines and approximately 500 miles of crude oil gathering lines that supply the trunk pipelines. ETP’s retail marketing and wholesale distribution business operations include Retail marketing operations consist of the sale of gasoline and middle distillates at retail locations and operation of convenience stores in 24 states, and Sunoco also engages in the distribution of gasoline, distillates, and other petroleum products to wholesalers, retailers and other commercial customers.

Investment in Regency

Regency’s operations include Gathering and Processing Operations, Natural Gas Transportation Operations, NGL Services Operations and Contract Services Operations. Regency provides services to producers of natural gas, which include transporting raw natural gas through gathering systems, processing raw natural gas to separate NGLs from the raw natural gas and selling or delivering the pipeline natural gas and NGLs to various markets and pipeline systems, and the gathering of oil received from producers.

Regency owns a 49.99% general partner interest in HPC, which owns RIGS, a 450-mile intrastate pipeline that delivers natural gas, and a 50% membership interest in MEP, which owns a 500-mile interstate natural gas pipeline. These operations also include Gulf States, which owns a 10-mile interstate pipeline. Regency owns a 30% membership interest in Lone Star with ETP owning the remaining 70% membership interest. Regency owns and operates a fleet of compressors used to provide natural gas compression services for customer specific systems. Regency also owns and operates a fleet of equipment used to provide treating services, such as carbon dioxide and hydrogen sulfide removal, natural gas cooling and dehydration.

Company Address

Energy Transfer Equity LP

3738 Oak Lawn Ave
DALLAS   TX   75219-4333
P: +1214.9810700
F: +1214.9810706

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