Energy Transfer Announces Authorization of Sale of Missouri Gas Energy
Assets to Laclede Gas
DALLAS -- July 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,
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
Brent Ratliff, 214-981-0700
Granado Communications Group
Vicki Granado, 214-599-8785
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