Energy Transfer Partners LP (ETP)

[roger wilco]

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 signed an agreement with funds managed by Blackstone Energy Partners and Blackstone Capital Partners (“Blackstone”) whereby Blackstone will contribute approximately $1.57 billion in cash in exchange for a 49.9% interest in HoldCo. HoldCo owns a 65% interest in Rover Pipeline LLC. HoldCo and Rover Pipeline LLC are constructing the Rover Pipeline and will be the operator of the pipeline once in service.