UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

ENERGY TRANSFER PARTNERS, L.P.

Delaware (State or other jurisdiction of incorporation)		1-11727 (Commission File Number)		73-1493906 (IRS Employer Identification Number)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of Marshall S. (Mackie) McCrea, III as President and COO

     On June 16, 2008, Energy Transfer Partners, L.P. (the “Partnership”) named Marshall S. (Mackie) McCrea, III, as President and Chief Operating Officer, effective immediately. Mr. McCrea, age 48, has served as President of the Partnership’s Midstream Operations since March 2005. He has also served as Senior Vice President – Commercial Development of the Partnership’s general partner since the combination of the Partnership’s midstream and propane operations in January 2004. Prior to the combination of the midstream and propane operations, Mr. McCrea served as Senior Vice President – Business Development and Producer Services of the Partnership’s midstream operations, having served in that capacity since 1997.

Resignation of Brian J. Jennings as CFO

     On June 16, 2008, we announced the resignation of Brian J. Jennings as Chief Financial Officer of the Partnership. Mr. Jennings has served as our Chief Financial Officer since March 2007. Mr. Jennings’ successor will assume the position of Chief Financial Officer effective June 16, 2008. To ensure an orderly transfer of duties and responsibilities, Mr. Jennings will remain with the Partnership during a transition period. Mr. Jennings is stepping down in order to pursue other business opportunities, including other senior management opportunities with the Partnership.

Appointment of Martin Salinas as CFO

     On June 16, 2008, we announced the appointment of Martin Salinas, age 36, as our new Chief Financial Officer, effective June 16, 2008. Mr. Salinas has served as the Partnership’s Controller and Treasurer since September 2004. Prior to that, Mr. Salinas was a Senior Audit Manager with KPMG in San Antonio, Texas from September 2002.

     The Partnership is considering adjusting Mr. Salinas’ compensation arrangement in light of his new role, however, the definitive terms have not yet been finalized. Mr. Salinas will continue to be eligible to participate in our Amended and Restated 2004 Unit Plan and our other benefit plans on terms consistent with those applicable to other executives generally.

Item 8.01 Other Events.

     On June 16, 2008, the Partnership issued a press release announcing Mr. McCrea’s appointment as President and Chief Operating Officer, Mr. Jennings’ resignation as Chief Financial Officer and Mr. Salinas’ appointment as our new Chief Financial Officer. A copy of this press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

     (d) Exhibits.

Exhibit
Number		Description of the Exhibit
Exhibit 99.1		Energy Transfer Partners, L.P. Press Release, dated June 16, 2008.

          

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		Energy Transfer Partners, L.P.
		By:		Energy Transfer Partners GP, L.P.,
				its general partner
		By:		Energy Transfer Partners, L.L.C.,
				its general partner
Date: June 16, 2008
				/s/ Kelcy L. Warren   Kelcy L. Warren
				Chief Executive Officer

Exhibit Index

Exhibit
Number		Description of the Exhibit
Exhibit 99.1		Energy Transfer Partners, L.P. Press Release, dated June 16, 2008.

Exhibit 99.1

FOR IMMEDIATE RELEASE

ENERGY TRANSFER PARTNERS ANNOUNCES MANAGEMENT CHANGES

DALLAS, June 16, 2008 — Dallas-based Energy Transfer Partners, L.P. (NYSE:ETP) today named Marshall “Mackie” S. McCrea, III as President and Chief Operating Officer, effective immediately. Mr. McCrea, 48, brings more than 20 years of industry experience to the position. He joined Energy Transfer in 1997 and has held a number of management positions with the Partnership, most recently as Energy Transfer’s President of Midstream Operations, a capacity in which he will continue to serve.

“I am very excited that Mackie has been placed in this key position,” said Kelcy Warren, Energy Transfer Chairman and Chief Executive Officer. “Mackie has been a trusted friend and business associate of mine for more than 20 years. No one has had more of an impact on the success of our business than Mackie. He has played a major role in developing our highly successful expansion projects over the last several years and we have tremendous confidence in his abilities to continue to execute our growth strategy.”

Energy Transfer also announced today that Brian J. Jennings is stepping down as the Partnership’s Chief Financial Officer to allow him to pursue other business opportunities, including other senior management opportunities at ETP. “We greatly appreciate the significant contributions Brian has made to the Partnership and look forward to his continuing contribution to the success of our business. Under his financial leadership, we are well positioned to successfully execute our long-term growth initiatives,” added Mr. Warren.

To replace Mr. Jennings, Energy Transfer has promoted Martin Salinas to Chief Financial Officer. Mr. Salinas, 36, has been with ETP since 2004, most recently as Energy Transfer’s Controller and Treasurer. Prior to joining Energy Transfer, Mr. Salinas was a Senior Audit Manager with KPMG in San Antonio, Texas, where he worked with clients in the energy industry.

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“We are very pleased to promote Martin to this position,” stated Mr. Warren. “As our controller and treasurer, Martin has been a key component of our financial reporting process and has been involved in all of our financing transactions. He also has in-depth knowledge of our business and is well-respected by our senior management team.”

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 our website at www.energytransfer.com.

Forward-Looking Statements

This press release may contain forward-looking statements as defined under federal law. 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 the Partnership, and a variety of risks that could cause results to differ materially from those expected by management of the Partnership. The Partnership undertakes no 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.

Contacts:
Investor Relations:
Renee Lorenz
Energy Transfer
214-981-0700 (office)

Media Relations:
Vicki Granado
Gittins & Granado
214.504.2260 (office)
214.498.9272 (cell)

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