DALLAS--(BUSINESS WIRE)--Jul. 17, 2013--
Energy Transfer Partners (NYSE: ETP) announced that the Missouri
Public Service Commission (MoPSC) today issued an order authorizing the
sale of the assets of Missouri Gas Energy (MGE) to Laclede Gas Company,
a subsidiary of The Laclede Group, Inc. (NYSE: LG). MGE is a division of
Southern Union Company, a wholly-owned subsidiary of ETP.
With the issuance of this order by MoPSC, and the satisfaction of other
closing conditions, the sale is expected to close on or after September
1, 2013.
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
Energy Transfer Equity (NYSE: ETE). For more information, visit the
Energy Transfer Partners, L.P. 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 a variety of risks
that could cause results to differ materially from those expected by
management of ETP. Important information about issues that could cause
actual results to differ materially from those expected by management of
ETP can be found in ETP’s public periodic filings with the Securities
and Exchange Commission, including its Annual Report on Form 10-K. ETP
does not 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.
The information contained in this press release is available on our
website at www.energytransfer.com.
Source: Energy Transfer Partners
Investor Relations:
Energy Transfer
Brent Ratliff,
214-981-0700
or
Media Relations:
Granado
Communications Group
Vicki Granado, 214-599-8785
Cell:
214-498-9272