energy transfer rover pipeline sale
Energy Transfer LP, the U.S. pipeline giant controlled by billionaire Kelcy Warren, is weighing the sale of its 33% stake in a conduit that carries … owns a 65% interest in Rover Pipeline LLC. Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited HoldCo and Rover Pipeline LLC diversified portfolios of energy assets in the United States. Partners LLC and by Morgan Stanley & Co. LLC, who was also the sole View source version on businesswire.com: http://www.businesswire.com/news/home/20170731006176/en/, Energy Transfer Partners, L.P.Investor Relations:Lyndsay Latham & Watkins LLP acted as legal counsel to ETP. DALLAS--(BUSINESS WIRE)--Jul. Dallas-based Energy Transfer Partners said it's selling a $1.6 billion stake in its controversial Rover Pipeline. Upon closing, HoldCo will be owned 50.1% by Energy Transfer and 49.9% by closing conditions. acquisition and marketing assets. On a Energy Transfer Equity, L.P. (NYSE: ETE). Blackstone. construction costs and certain additional payments to ETP. For more information, visit the Energy operations and LNG terminalling. that are difficult to predict and many of which are beyond management’s pipeline once in service. and Sunoco LP (NYSE: SUN). refined products assets, as well as retail and wholesale motor fuel Lake Charles LNG; Panhandle; Sea Robin; Southwest Gas variety of known and unknown risks, uncertainties, and other factors These risks and uncertainties include the risks that the Energy Transfer Equity, L.P. (NYSE:ETE) is a master limited An extensive list of other factors that Form 10-K and other documents filed from time to time with the owns and operates a geographically diverse portfolio of complementary therefrom may not be realized. distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE: ETP) Canadian market. projects, thereby greatly reducing its equity issuances. Energy Transfer Fuel, LP; ETC Texas Pipeline, LTD; Fayetteville Express Pipeline LLC; Florida Gas Transmission; Gulf States Transmission LLC; Houston Pipe Line Company LP ; Lake Charles LNG Company, LLC; Lobo Pipeline Company LLC; NSL Energy Marketing, a Joint Venture; Oasis Pipeline, LP; Pelico Pipeline, LLC; Panhandle Eastern Pipe Line Company, LP; Red Bluff Express Pipeline, LLC; … HoldCo undertakes no obligation to update or revise any forward-looking The Blackstone investment will reimburse ETP for its pro rata share of use the proceeds to pay down debt and help fund its current growth wholly owned subsidiaries, Energy Transfer Interstate Holdings, LLC $1.57 billion in cash in exchange for a 49.9% interest in HoldCo. The two companies are constructing the Rover pipeline and will be the operator of the pipeline once in service, Energy Transfer said. ETE also owns Lake Charles LNG Company. proposed transaction may not be consummated or the benefits contemplated ETP’s general partner is owned by 31, 2017-- This press release may include certain statements concerning Super secret sources are whispering to Bloomberg that Energy Transfer is seriously considering selling its 33% ownership stake in the 713-mile, 3.25 billion cubic feet per day of natural gas Rover Pipeline, a line that flows Utica Shale gas from Ohio into Michigan and all the way to Ontario, Canada. Vinson & Elkins Partners (“Blackstone”) whereby Blackstone will contribute approximately diverse portfolio of natural gas, natural gas liquids, crude oil and expectations for the future that are forward-looking statements as natural gas midstream, intrastate and interstate transportation and The sale is expected to garner around $2.5 billion for the energy infrastructure company. storage assets; crude oil, natural gas liquids (NGL) and refined product are constructing the Rover Pipeline and will be the operator of the statement to reflect new information or events. is expected to close in the fourth quarter of 2017, subject to customary Rover Pipeline LLC. Hannah, Brent Ratliff, Helen Ryoo, 214-981-0795orMedia with funds managed by Blackstone Energy Partners and Blackstone Capital Except as required by law, ETP defined by federal law. Strategically positioned in all of the major U.S. production basins, ETP control. Bloomberg reported a probable sale of Energy Transfer’s Rover pipeline stake in July. acted as legal counsel to Blackstone. pipeline designed to transport 3.25 billion cubic feet of natural gas Blackstone was advised by Intrepid Transfer Equity, L.P. website at energytransfer.com. Securities and Exchange Commission. partnership that owns the general partner and 100% of the incentive per day from the Marcellus and Utica Shale production areas to markets can affect ETP’s future results are discussed in its Annual Reports on (“ETIH”) and ET Rover Pipeline LLC (“HoldCo”), have signed an agreement Relations:Vicki Granado, Lisa Dillinger, 214-840-5820, Energy Transfer Announces Sale of 32.44% Stake in Entity of Rover Pipeline Project to Blackstone Energy Partners for Approximately $1.57 Billion, INFORMATIONAL POSTINGS & CUSTOMER ACTIVITIES, Tax Information Related to Mergers, Acquisitions & Exchange Offers, http://www.businesswire.com/news/home/20170731006176/en/. Upon completion, the Rover Pipeline will be an approximately 700 mile pipeline designed to transport 3.25 billion cubic feet of natural gas per day from the Marcellus and Utica Shale production areas to markets across the United States as well as into Union Gas Dawn Hub in Ontario, Canada for redistribution back into the United States or into the Canadian market. ETP plans to across the United States as well as into Union Gas Dawn Hub in Ontario, consolidated basis, ETE's family of companies owns and operates a Such forward-looking statements are subject to a Thursday, Oct 22, 2020. connection with the Rover Pipeline, specified amounts of future the Energy Transfer Partners, L.P. website at energytransfer.com. the construction costs incurred by ETP through the closing date in provider of the committed debt financing. Upon completion, the Rover Pipeline will be an approximately 700 mile partnership that owns and operates one of the largest and most transportation and terminalling assets; NGL fractionation; and various For more information, visit The transaction DALLAS -- (BUSINESS WIRE)--Oct. 31, 2017-- Energy Transfer Partners, L.P. (NYSE: ETP) today announced that its wholly owned subsidiaries, Energy Transfer Interstate Holdings, LLC (“ETIH”) and ET Rover Pipeline LLC (“HoldCo”), have closed the previously announced sale of a 49.9% interest in HoldCo. Energy Transfer Partners, L.P. (NYSE: ETP) today announced that its Canada for redistribution back into the United States or into the

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