DALLAS--(BUSINESS WIRE)--Jun. 5, 2013--
Energy Transfer Partners, L.P. (NYSE: ETP) and Energy Transfer Equity,
L.P. (NYSE: ETE), collectively “Energy Transfer,” commenced today a
binding open season for crude oil transportation service on the
previously announced pipeline project from the crude oil terminalling
hub near Patoka, Illinois (Patoka Hub) to the Eastern Gulf Coast
refinery market. Subject to the outcome of the binding open season and
all necessary regulatory authorizations, the Eastern Gulf Crude Access
Project (EGCAP), as the pipeline project has been renamed, will be
capable of transporting up to 420,000 Bbls/d of crude oil from the
Patoka Hub directly to refinery markets along the Mississippi River and
the Louisiana Gulf Coast, including to the crude oil terminalling hub in
St. James, Louisiana (St. James Hub). Conditioned upon authorization by
the Federal Energy Regulatory Commission, Energy Transfer also plans to
be able to mitigate construction and environmental impacts of EGCAP by
redeploying approximately 575 miles of underutilized pipeline that is
currently part of the natural gas pipeline system of Trunkline Gas
Company, LLC, in lieu of new pipeline construction, providing a more
environmentally sound and cost-effective solution for crude oil
transportation to the Eastern Gulf Coast.
During the binding open season for EGCAP, which commences June 5, 2013,
and continues until 5:00 p.m. (CT) on July 19, 2013, interested parties
will have the opportunity to execute a firm agreement for crude oil
transportation service on EGCAP. Additional information about EGCAP and
the associated open season can be found at the following link on Energy
Transfer’s website: www.energytransfer.com/ops_egca.aspx.
Contemporaneously with the EGCAP open season, Enbridge Pipelines
(Illinois) L.L.C. will be holding a second open season for its Southern
Access Expansion Pipeline Project (SAX Project). As previously announced
on February 15, 2013, Enbridge Inc. and Energy Transfer entered into an
agreement on the terms for the joint development of EGCAP. In the open
season for the SAX Project, Enbridge Pipelines (Illinois) L.L.C. is
soliciting subscriptions for crude oil transportation service to be
received in Flanagan, Illinois, and delivered to EGCAP at the Patoka
Hub. Additional information about the SAX Project and the associated
open season can be found at the following link on Enbridge Inc.’s
website: http://southernaccessextension.enbridgeus.com.
More information about the EGCAP open season is available by contacting:
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited
partnership owning and operating one of the largest and most diversified
portfolios of energy assets in the United States. ETP currently has
natural gas operations that include approximately 47,000 miles of
gathering and transportation pipelines, treating and processing assets,
and storage facilities. ETP owns 100% of ETP Holdco Corporation, which
owns Southern Union Company and Sunoco, Inc., and a 70% interest in Lone
Star NGL LLC, a joint venture that owns and operates natural gas liquids
storage, fractionation and transportation assets. ETP also owns the
general partner, 100% of the incentive distribution rights, and
approximately 33.5 million common units in Sunoco Logistics Partners
L.P. (NYSE: SXL), which operates a geographically diverse portfolio of
crude oil and refined products pipelines, terminalling and crude oil
acquisition and marketing assets. ETP’s general partner is owned by ETE.
For more information, visit the Energy Transfer Partners, L.P. website
at www.energytransfer.com.
Energy Transfer Equity, L.P. (NYSE: ETE) is a master
limited partnership which owns the general partner and 100% of the
incentive distribution rights (IDRs) of Energy Transfer Partners, L.P.
(NYSE: ETP) and approximately 99.7 million ETP common units; and owns
the general partner and 100% of the IDRs of Regency Energy Partners LP
(NYSE: RGP) and approximately 26.3 million RGP common units. The Energy
Transfer family of companies owns more than 71,000 miles of natural gas,
natural gas liquids, refined products, and crude pipelines. For more
information, visit the Energy Transfer Equity, L.P. website at www.energytransfer.com.
The information contained in this press release is available on our
website at www.energytransfer.com.
Statements about the offering may be forward-looking statements as
defined under federal law. Forward-looking statements can be identified
by words such as “anticipates,” “believes,” “expects,” “estimates,”
“forecasts,” “projects,” “should” and other similar expressions. These
forward-looking statements rely on a number of assumptions concerning
future events and are subject to a number of uncertainties and factors,
many of which are outside the control of ETP and ETE, and a variety of
risks that could cause results to differ materially from those expected
by management of ETP and ETE. Important information about issues that
could cause actual results to differ materially from those expected by
management of ETP and ETE can be found in ETP’s and ETE’s public
periodic filings with the Securities and Exchange Commission, including
their Annual Reports on Form 10-K. Neither ETP nor ETE undertake any
obligation to update or revise forward-looking statements to reflect
changed assumptions, the occurrence of unanticipated events or changes
to future operating results over time.
Source: Energy Transfer Partners, L.P.
Investor Relations:
Energy Transfer
Brent Ratliff,
214-981-0700
or
Media Relations:
Granado
Communications Group
Vicki Granado, 214-599-8785
214-498-9272
(cell)