Regency Unit Holders Approve Merger With Energy Transfer
Dallas-based Energy Transfer Partners LP and Regency Energy Partners LP said April 28 that unit holders had approved a merger agreement between the two companies. Balloting was reported to have shown 99.6% of the units voted in favor of adopting the agreement. The merger therefore was expected to close on April 30.
Energy Transfer Partners (ETP) owns and operates a diversified portfolio of energy assets, including about 35,000 miles of natural gas and natural gas liquids pipelines, 100% of the Panhandle Eastern Pipe Line Co., and a 70% interest in Lone Star NGL LLC, a joint venture that owns and operates natural gas liquids storage, fractionation, and transportation assets.
ETP also owns the general partner, 100% of the incentive distribution rights, and about 67.1 million common units in Sunoco Logistics Partners LP, which operates a geographically diverse portfolio of crude oil and refined product pipelines, terminals, and crude oil acquisition and marketing assets. ETP is the owner of Sunoco Inc. and Susser Holdings Corp. In addition, it owns the general partner, 100% of the incentive distribution rights, and about 43% of the limited partner interests in Sunoco LP, formerly Susser Petroleum Partners LP, a wholesale fuel distributor and convenience store operator.
Regency Energy Partners LP is a growth-oriented, master limited partnership engaged in the gathering, processing, compression, treating, and transportation of natural gas; the transportation, fractionation, and storage of natural gas liquids; the gathering, transportation, and terminaling of oil received from producers; and the management of coal and natural resource properties in the U.S.
Energy Transfer Partners (ETP) owns and operates a diversified portfolio of energy assets, including about 35,000 miles of natural gas and natural gas liquids pipelines, 100% of the Panhandle Eastern Pipe Line Co., and a 70% interest in Lone Star NGL LLC, a joint venture that owns and operates natural gas liquids storage, fractionation, and transportation assets.
ETP also owns the general partner, 100% of the incentive distribution rights, and about 67.1 million common units in Sunoco Logistics Partners LP, which operates a geographically diverse portfolio of crude oil and refined product pipelines, terminals, and crude oil acquisition and marketing assets. ETP is the owner of Sunoco Inc. and Susser Holdings Corp. In addition, it owns the general partner, 100% of the incentive distribution rights, and about 43% of the limited partner interests in Sunoco LP, formerly Susser Petroleum Partners LP, a wholesale fuel distributor and convenience store operator.
Regency Energy Partners LP is a growth-oriented, master limited partnership engaged in the gathering, processing, compression, treating, and transportation of natural gas; the transportation, fractionation, and storage of natural gas liquids; the gathering, transportation, and terminaling of oil received from producers; and the management of coal and natural resource properties in the U.S.
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