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Energy Transfer Partners and Regency Energy Partners Announce Completion of Fractionator I at Mont Belvieu



  Energy Transfer Partners and Regency Energy Partners Announce Completion of
  Fractionator I at Mont Belvieu

 Fractionator to Handle NGLs Delivered From Partnerships’ Recently Completed
                 Facilities in Permian and Eagle Ford Regions

Business Wire

DALLAS -- December 31, 2012

Energy Transfer Partners, L.P. (NYSE:ETP) and Regency Energy Partners LP
(NYSE:RGP) announced today that Lone Star Fractionator I, located at Mont
Belvieu, Texas, is now in service. The 100,000 barrels per day natural gas
liquids (NGL) fractionation facility owned by Lone Star NGL LLC, a joint
venture between the two partnerships, will handle NGL barrels delivered from
several sources, including Lone Star’s recently completed West Texas Gateway
NGL pipeline, via ETP’s Justice NGL Pipeline.

Fractionator I is the first of two fractionators, both 100,000 barrels per day
of capacity, that Lone Star is placing in service to meet the critical NGL
fractionation needs due to prolific NGL production in the Permian and Eagle
Ford regions. Fractionator II is scheduled to be completed in the fourth
quarter of 2013. Additionally, Lone Star continues to evaluate additional
fractionation expansion opportunities in Mont Belvieu.

"The startup of Lone Star NGL’s first Mont Belvieu Fractionator completes our
Texas NGL value chain,” said Steve Spaulding, Executive Vice President of Lone
Star NGL. “We can now provide producers raw make gathering from far west
Texas, fractionation services at Mont Belvieu, NGL storage, and purity NGL
product distribution to the refineries and petrochemical facilities along the
Houston Ship Channel.”

ETP also announced today that its Karnes County Processing Plant (also
referred to as the Kenedy Plant) is in service. This plant, which provides 200
million cubic feet per day of capacity, and Phase I of the Jackson Plant,
which will provide an additional 400 million cubic feet per day of capacity
upon completion in the first quarter of 2013, are an integral part of Eagle
Ford Shale projects coming on line in the next several months that will
provide significant cash flow to the partnership.

Lone Star NGL LLC (Lone Star), a joint venture between Energy Transfer
Partners, L.P. (NYSE:ETP) and Regency Energy Partners LP (NYSE:RGP), owns and
operates natural gas liquids storage, fractionation, and transportation assets
in Texas, Louisiana, and Mississippi. Lone Star's assets include approximately
1,640 miles of natural gas liquids pipelines and 43 million barrels of storage
capacity at Mont Belvieu, Texas. ETP owns and operates a diversified portfolio
of energy assets, including approximately 24,000 miles of natural gas
pipelines and related facilities that gather, treat, process, transport and
store natural gas. RGP provides midstream natural gas and natural gas liquids
gathering and processing, contract compression, treating and transportation
through more than 5,250 miles of gas gathering pipelines and related
facilities. Energy Transfer Equity, L.P. (NYSE:ETE) owns the general partner
of both ETP and RGP.

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 24,000 miles of gathering and transportation
pipelines, treating and processing assets, and storage facilities. ETP also
owns general partner interests, 100% of the incentive distribution rights, and
a 32.4% limited partnership interest 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 also holds a 70% interest in Lone Star NGL, a joint
venture that owns and operates natural gas liquids storage, fractionation and
transportation assets in Texas, Louisiana and Mississippi. In addition, ETP
holds controlling interest in a corporation (ETP Holdco Corporation) that owns
Southern Union Company and Sunoco, Inc. ETP’s general partner is owned by ETE.
For more information, visit the Energy Transfer Partners, L.P. website at
www.energytransfer.com.

Regency Energy Partners LP (NYSE:RGP) is a growth-oriented, midstream energy
partnership engaged in the gathering and processing, contract compression,
treating and transportation of natural gas and the transportation,
fractionation and storage of natural gas liquids. RGP also holds a 30%
interest in Lone Star NGL LLC, a joint venture that owns and operates natural
gas liquids storage, fractionation, and transportation assets in Texas,
Louisiana and Mississippi. Regency’s general partner is owned by Energy
Transfer Equity, L.P. (NYSE:ETE). For more information, visit the Regency
Energy Partners LP website at www.regencyenergy.com.

This press release may include certain statements concerning expectations for
the future that are forward-looking statements as defined by federal law. Such
forward-looking statements are subject to a variety of known and unknown
risks, uncertainties, and other factors that are difficult to predict and many
of which are beyond managements' control. An extensive list of factors that
can affect future results are discussed in ETP's and RGP's Annual Reports on
Form 10-K and other documents filed from time to time with the Securities and
Exchange Commission. ETP and RGP undertake no obligation to update or revise
any forward-looking statement to reflect new information or events.

The information contained in this press release is available on the Energy
Transfer Partners, L.P. website at www.energytransfer.com or on the Regency
Energy Partners LP website at www.regencyenergy.com.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20121231005015/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50516870&lang=en

Contact:

Investor Relations:
Energy Transfer
Brent Ratliff, 214-981-0700
Vice President, Investor Relations
or
Regency Energy Partners
Lyndsay Hannah, 214-840-5477
Manager, Finance & Investor Relations
or
Media Relations:
Granado Communications Group
Vicki Granado, 214-599-8785
Cell: 214-498-9272
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