Energy Transfer Partners

Energy Transfer Partners
Public
Traded as NYSE: ETP
Industry Energy
Founded 1995 (1995)
Headquarters Dallas, Texas, U.S.
Key people
 Kelcy L. Warren, CEO
Products natural gas, propane
Number of employees
 5000+
Subsidiaries Southern Union Company
Sunoco
Dakota Access
Website www.energytransfer.com

Energy Transfer Partners is a U.S. Fortune 500 natural gas and propane company, founded in 1995.

Overview

Energy Transfer Equity (ETE) was founded in 1995, headquartered in Dallas, Texas and employs 5,000 individuals.[1] including the founder, Chairman of the Board and Chief Executive Officer, Kelcy Warren.[2][3][4]

ETE is a master limited partnership, which owns the general partner and 100% of the incentive distribution rights (IDRs) of Energy Transfer Partners, L.P.(ETP) and about 50.2 million ETP limited partner units; it owns the general partner and 100% of the IDRs of Regency Energy Partners LP and about 26.3 million RGP limited partner units. ETE also owns a non-controlling interest in a corporation (ETP Holdco Corporation) that owns Southern Union Company and Sunoco, Inc. The ETE family of companies owns approximately 71,000 miles of natural gas, natural gas liquids, refined products, and crude pipelines. Energy Transfer Partners, L.P. (ETP) is a master limited partnership owning and operating one of the largest and most diversified portfolios of energy assets in the United States. ETP has natural gas operations that include approximately 24,000 miles of gathering and transportation pipelines, treating and processing assets, and storage facilities.It is the parent company of Dakota Access, LLC, the company developing the controversial Dakota Access Pipeline.[1][5][6][7][8][9]


In October 2012, Sunoco, Inc. became a wholly owned subsidiary of ETP via ETP HoldCo Corporation. It acquired the general partner interests, 100% of the incentive distribution rights, and a 32.4% limited partnership interest in Sunoco Logistics Partners L.P., which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminating and crude oil acquisition and marketing assets. ETP Holdco Corporation also owns Southern Union Company.

In 2014, ETP acquired Stripes, a chain of 580+ convenience stores in Texas, New Mexico, and Oklahoma.[10]

In January 2015, ETP acquired its affiliate Regency Energy Partners for around $11 billion.[11]

ETP holds a 70% interest in Lone Star NGL, a joint venture that owns and operates natural gas liquids storage, fractionation and transportation assets in Texas, Louisiana and Mississippi.

Dakota Access

Main article: Bakken pipeline

Dakota Access, LLC is an ETP subsidiary, tasked with building the Bakken pipeline, also known as the Dakota Access Pipeline.[12] In April 2016, three federal agencies — U.S. Environmental Protection Agency, U.S. Department of Interior, and Advisory Council on Historic Preservation — requested a full Environmental Impact Statement of the pipeline.[13] In July, the Standing Rock Sioux Tribe filed an injunction against the US Army Corps of Engineers to stop building the pipeline.[14][15] A group of young activists from Standing Rock ran from North Dakota to Washington, D.C., to present a petition in protest of the construction of the pipeline and launched an international campaign called ReZpect Our Water.[16]

Divisions

References

  1. 1 2 "Company Overview". Energytransfer.com. Retrieved 6 December 2014.
  2. ↑ "Company Overview". Energytransfer.com. Retrieved 6 December 2014.
  3. ↑ Charles Sizemore. "Kelcy Warren". Forbes. Retrieved 6 December 2014.
  4. ↑ "Kelcy L. Warren". Businessweek.com. Retrieved 6 December 2014.
  5. ↑ "ETP: Summary for Energy Transfer Partners, L.P. - Yahoo! Finance". Yahoo! Finance. Retrieved 6 December 2014.
  6. ↑ "Energy Transfer Partners LP: NYSE:ETP quotes & news - Google Finance". Google.com. Retrieved 6 December 2014.
  7. ↑ "ENERGY TRANSFER PARTNERS LP (ETP:New York Consolidated): Stock Quote & Company Profile - Businessweek". Businessweek.com. Retrieved 6 December 2014.
  8. ↑ "ETP:New York Stock Quote - Energy Transfer Partners LP". Bloomberg. Retrieved 6 December 2014.
  9. ↑ "Energy Transfer Partners LP (ETP.N)". Reuters.com. Retrieved 6 December 2014.
  10. ↑ Maykuth, Andrew. "Sunoco parent buys Texas chain for $1.8 billion". Philly.com. Retrieved 2 May 2014.
  11. ↑ "Energy Transfer Partners to buy Regency unit for $11 billion". Reuters. 26 January 2015. Retrieved 2015-03-25.
  12. ↑ William Petroski (25 August 2014). "Should farmers make way for the Bakken pipeline?". Press Citizen. Retrieved 4 December 2014.
  13. ↑ ICTMN Staff (28 April 2016). "Dakota Access Pipeline: Three Federal Agencies Side With Standing Rock Sioux, Demand Review". Indian Country Today Media Network. Retrieved 6 August 2016.
  14. ↑ Standing Rock Sioux Tribe v. U.S. Army Corps of Engineers (27 July 2016). "Complaint for Declaratory and Injunctive Relief" (PDF). In the United States District Court for the District of Columbia (1:16-cv-01534-Document 1). Retrieved 6 August 2016.
  15. ↑ Standing Rock Sioux Tribe v. U.S. Army Corps of Engineers (4 August 2016). "Memorandum in Support of Motion for Preliminary Injunction Expedited Hearing Requested" (PDF). In the United States District Court for the District of Columbia (1:16-cv-1534-JEB). Retrieved 6 August 2016.
  16. ↑ Amundson, Barry (29 July 2016). "Standing Rock tribe sues over Dakota Access pipeline permits". Grand Forks Herald. Retrieved 6 August 2016.

External links

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