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Energy Transfer Partners Announces Completion of Pipeline Projects in Texas and New Mexico

Posted on: Tuesday, 9 September 2008, 09:00 CDT

Energy Transfer Partners, L.P. (NYSE:ETP) announced today the completion of two natural gas pipeline projects that add 875 million cubic feet per day of critical capacity to the Partnership's existing transmission systems. The 42-inch Carthage Loop pipeline in Texas and the 36-inch San Juan Loop pipeline in New Mexico are an integral part of the Partnership's overall expansion efforts to increase the take away capacity of its pipeline systems.

The 32-mile Carthage Loop pipeline, which originates near Minden, Texas and ends near Carthage, Texas provides customers with an additional 500 million cubic feet per day of capacity out of the rapidly expanding production areas of Texas. Energy Transfer is the largest transporter of natural gas out the Barnett Shale and Bossier Sands, two of the more prolific natural gas production basins that will benefit from this expansion. The Carthage Loop connects to the Partnership's extensive intrastate pipeline network, providing customers with access to major market hubs in Texas, including the Carthage Hub in east Texas. The previously announced 160-mile, 42-inch Texas Independence Pipeline, scheduled to be completed in the third quarter of 2009, will connect to the Carthage Loop.

The 26-mile San Juan Loop pipeline expansion provides an additional 375 million cubic feet per day of capacity to Transwestern Pipeline Company's existing San Juan Lateral pipeline, bringing its total capacity to 1.6 billion cubic feet per day. Transwestern Pipeline Company is a subsidiary of Energy Transfer Partners. The 131-mile San Juan Lateral pipeline extends from Ignacio, Colorado to Thoreau, New Mexico and transports natural gas out of the San Juan Basin producing area located in northwestern New Mexico and southwestern Colorado.

The San Juan Loop is the first phase of the previously announced Phoenix Expansion project that also includes the construction of a new 260-mile Phoenix Lateral pipeline designed to serve both residential and industrial customers in the high-growth Phoenix market. The Phoenix Lateral is expected to be in service in the second half of 2008.

"The completion of the Carthage Loop and the San Juan Loop expansion projects show our continued commitment to play a significant role in the process of efficiently moving natural gas from the producing areas to consumers," said Jim Holotik, President of Transwestern.

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 14,450 miles of intrastate pipeline in service, with approximately 350 miles of intrastate pipeline under construction. In addition, ETP owns 2,400 miles of interstate pipeline in service, with approximately 250 miles of interstate pipeline under construction. 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) is a publicly traded partnership, which owns the general partner of Energy Transfer Partners and approximately 62.5 million ETP limited partner units.

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

Source: Business Wire

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