Energy Transfer Partners, L.P. Sets Unitholder Meeting
Posted on: Tuesday, 11 November 2008, 15:00 CST
Energy Transfer Partners, L.P. (NYSE:ETP) has announced that its Board of Directors has called a special meeting of its Common Unitholders to approve a new long-term incentive plan. The Board of Directors has recommended that the partnership's Common Unitholders approve the proposed plan.
The Energy Transfer Partners, L.P. 2008 Long-Term Incentive Plan will provide for awards of options to purchase common units, awards of restricted units, awards of phantom units, awards of common units, awards of distribution equivalent rights, or DERs, awards of common unit appreciation rights, and other unit-based awards to employees of ETP, its general partner, the general partner of its general partner, a subsidiary or their affiliates, and the members of ETP's Board of Directors.
The meeting will be held at 10:00 a.m. Central Time on December 16, 2008, at The Warwick Melrose Hotel, 3015 Oak Lawn Ave., Dallas, Texas 75219. The record date for determining the Unitholders entitled to vote at this meeting is November 21, 2008. It is anticipated that the mailing of the Proxy and Proxy Statement to Unitholders of record as of November 21, 2008, will begin on or around November 24, 2008.
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 14,500 miles of intrastate pipeline in service, with approximately 300 miles of intrastate pipeline under construction. In addition, ETP owns 2,450 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, L.P. and approximately 62.5 million ETP limited partner units.
The information contained in this press release is available on our website at www.energytransfer.com.
Source: Business Wire
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