COMPANY OVERVIEW

Energy Transfer offers two separate publicly-traded securities on the New York Stock Exchange (NYSE):

• Energy Transfer Partners, L.P. (ETP)  - a Master Limited Partnership; and
• Energy Transfer Equity, L.P.‘s (ETE)  - a "GP" Master Limited Partnership

Both offer a distinct opportunity for investors to participate in the attractive growth of the energy sector. ETP offers greater distribution income but less accelerated growth; ETE offers less distribution income but faster growth.

ENERGY TRANSFER PARTNERS, L.P. (NYSE: ETP)
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 currently has natural gas operations that include more than 17,500 miles of gathering and transportation pipelines, treating and processing assets, and three storage facilities located in Texas. ETP also is 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)
Energy Transfer Equity, L.P. (NYSE:ETE) is a publicly traded partnership, which owns the general partner of Energy Transfer Partners and approximately 50.2 million ETP limited partner units; and the general partner of Regency Energy Partners and approximately 26.3 million Regency limited partner units.

Both securities (ETP and ETE) are publicly traded partnerships in the energy sector and are each committed to building value and growth for their respective unitholders.