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
Date of Report (Date of earliest event reported) : June 11, 2007
ENERGY TRANSFER EQUITY, L.P.
(Exact name of registrant as specified in its charter)
| Delaware |
001-32740 |
30-0108820 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
2828 Woodside Street
Dallas, Texas 75204
(Address of principal executive offices) (Zip Code)
(214) 981-0700
(Registrant’s telephone number, including area code)
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:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | 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.
On June 11, 2007, Energy Transfer Equity, L.P. (the “Partnership”), issued a press release announcing that Ray C. Davis, Co-Chairman of Energy Transfer Equity, L.P. (ETE) and Co-Chairman and Co-Chief Executive Officer of Energy Transfer Partners, L.P. (ETP), will retire from these positions following a transition period to transfer his duties to other members of the management team. Mr. Davis will continue to serve as a director of ETE and ETP. Kelcy L. Warren, currently the Co-Chief Executive Officer and Co-Chairman of ETP and Co-Chairman of ETE, will become the sole Chief Executive Officer and sole Chairman of ETP and sole Chairman of ETE upon the effective date of Mr. Davis’ retirement.
A copy of the press release is furnished as an exhibit to this Current Report.
Item 9.01. Financial Statement and Exhibits.
| (d) | Exhibits. |
| EXHIBIT NUMBER |
DESCRIPTION | |||
| 99.1 | — | Press release dated June 11, 2007. |
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 EQUITY, L.P. | ||||
| By: | LE GP, LLC, its general partner | |||
| Date: June 11, 2007 | By: | /s/ John W. McReynolds | ||
| John W. McReynolds, | ||||
| President and Chief Financial Officer | ||||
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Press release dated June 11, 2007. |
Exhibit 99.1
FOR IMMEDIATE RELEASE
ENERGY TRANSFER PARTNERS AND ENERGY TRANSFER EQUITY
JOINTLY ANNOUNCE RETIREMENT OF RAY DAVIS
Dallas, Texas – June 11, 2007 – Energy Transfer Partners, L.P. (NYSE:ETP) and Energy Transfer Equity, L.P. (NYSE:ETE) announced that Ray C. Davis, Co-Chief Executive Officer and Co-Chairman of Energy Transfer Partners, L.P. (ETP) and Co-Chairman of Energy Transfer Equity, L.P. (ETE), will retire from these positions following a transition period to transfer his duties to other members of the management team. Mr. Davis will continue to serve as a director of ETP and ETE. Kelcy L. Warren, currently the Co-Chief Executive Officer and Co-Chairman of ETP and Co-Chairman of ETE, will become the sole Chief Executive Officer and sole Chairman of ETP and sole Chairman of ETE upon the effective date of Mr. Davis’ retirement.
In making this announcement, Mr. Warren said, “Ray Davis has made an invaluable contribution to the success we have enjoyed, and I personally thank him for his leadership in helping us achieve this success. As co-founders of Energy Transfer, Ray and I have been business partners for many years. I have tremendous respect for him as a friend and business leader and look forward to working with him in our continued relationship as directors.”
Mr. Davis stated, “Although I will continue to be involved as a director of both ETP and ETE, I am retiring from day-to-day management after a 40-year business career. I am pleased to have contributed to the success of Energy Transfer over the years, and I have great confidence that Kelcy Warren and the rest of the management team will continue to provide outstanding leadership in the years to come.”
John W. McReynolds, President of Energy Transfer Equity, stated, “I have known and worked with Ray Davis for many years. He has been and will remain a tremendous asset to the Energy Transfer companies as he continues to be a director of both ETP and ETE.”
Energy Transfer Partners, L.P. (NYSE:ETP) is a publicly traded partnership owning and operating a diversified portfolio of energy assets. ETP’s natural gas operations include intrastate natural gas gathering and transportation pipelines, natural gas treating and processing assets located in Texas and Louisiana, and three natural gas storage facilities located in Texas. These assets include approximately 12,200 miles of intrastate pipeline in service, with an additional 400 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 U.S., 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 partner 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.
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Energy Transfer/Page 2
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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