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Energy Transfer Equity's Management Will Recommend Increase in Unit Distribution

Posted on: Tuesday, 18 December 2007, 18:00 CST

Energy Transfer Equity, L.P. (NYSE:ETE) today announced that management will recommend that the Board of Directors of ETE approve a special four-month cash distribution for the period ending December 31, 2007.

With the previously announced change in year-end reporting to December 31, ETE will have a financial reporting period consisting of the four months ending December 2007. In order to transition to cash distribution payments that coincide with calendar quarters, ETE's next distribution payment will cover the four-month transition period rather than a normal three-month period.

Based on this change in timing, ETE's management will recommend a special four-month ETE distribution of $0.55 per unit for the period ending December 31, 2007, representing a distribution of $0.41 per unit for the three-month period and $0.14 per unit for the additional month ($1.64 per unit on an annualized basis).

ETE's four-month distribution will be paid on February 19, 2008 to unitholders of record as of the close of business on February 1, 2008. As with all common unit distributions, payment of the four-month distribution is subject to Board approval. Going forward, ETE's new quarterly distribution payment schedule will be on or about February 19th, May 20th, August 19th, and November 19th.

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 management's control. An extensive list of factors that can affect future results are discussed in the Partnership's Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

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.

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, Louisiana, New Mexico, Utah and Colorado 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 U.S., serving more than one million customers across the country.

The information contained in this press release is available on the Partnership's website at www.energytransfer.com.

Company: Energy Transfer Equity, L.P. (NYSE:ETE)

Record Date: February 1, 2008

Ex Date: January 30, 2008

Payment Date: February 19, 2008

Four-Month Distribution: $0. 55 per Common Unit

Source: Business Wire

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