8-K/AAcquisitions & DispositionsExhibits & Filings

Energy Transfer LP 8-K/A Report, Acquisition Completed (Jan 8, 2007)

Filed January 8, 2007For Securities:ETET-PI

Summary

This 8-K/A filing by Energy Transfer Equity, L.P. (ETE) serves as an amendment to a previous 8-K report, primarily to provide the necessary financial statements and pro forma information related to the acquisition of Transwestern Pipeline Company, LLC (Transwestern) by its subsidiary, Energy Transfer Partners, L.P. (ETP). The acquisition, which closed on December 1, 2006, involved a complex series of transactions valued at approximately $1.465 billion. ETP financed a significant portion of this acquisition through a $1.2 billion cash contribution from ETE in exchange for newly issued Class G Units of ETP. Transwestern Pipeline is a significant interstate natural gas pipeline system spanning approximately 2,500 miles. It connects major supply basins in the San Juan, Anadarko, and Permian Basins to key markets across the Midwest, Texas, Arizona, New Mexico, and California. This strategic acquisition, including the integration with ETP's existing intrastate pipelines in West Texas, is expected to enhance ETP's market reach and operational footprint within the natural gas midstream sector.

Key Highlights

  • 1Energy Transfer Partners, L.P. (ETP), a subsidiary of Energy Transfer Equity, L.P. (ETE), has completed its acquisition of Transwestern Pipeline Company, LLC (Transwestern).
  • 2The acquisition was finalized on December 1, 2006, through a series of transactions initiated in November 2006.
  • 3The total value of the Transwestern acquisition is approximately $1.465 billion.
  • 4ETP funded a substantial portion of the acquisition, $1.2 billion, through a cash contribution from ETE in exchange for ETP's Class G Units.
  • 5Transwestern operates a significant 2,500-mile interstate natural gas pipeline system connecting major supply basins (San Juan, Anadarko, Permian) to diverse end markets.
  • 6This filing supplements a prior 8-K by providing the required financial statements of Transwestern and pro forma financial information for ETE.
  • 7The acquisition is expected to expand ETP's midstream infrastructure and market access.

Frequently Asked Questions

This filing is an amendment to a previous 8-K report. Its primary purpose is to provide the required financial statements for the acquired business (Transwestern Pipeline Company, LLC) and pro forma financial information for Energy Transfer Equity, L.P. (ETE), which are necessary disclosures following the completion of the acquisition.

The acquisition of Transwestern Pipeline Company, LLC was completed on December 1, 2006. The total value of this acquisition was approximately $1.465 billion.

Energy Transfer Partners (ETP) funded a significant portion of the acquisition through a $1.2 billion cash contribution from its parent company, Energy Transfer Equity (ETE). In return for this cash, ETP issued 26,086,957 Class G Units to ETE.

Transwestern Pipeline Company's primary asset is a 2,500-mile interstate natural gas pipeline system. This pipeline connects supply areas in the San Juan Basin, Anadarko Basin, and Permian Basin to major markets in the Midwest, Texas, Arizona, New Mexico, and California.