Energy Transfer Partners & Equity Merging into One Company Today

Energy Transfer is, on paper, several different companies. Energy Transfer Equity (ETE) is the mother ship–the main holding company. Energy Transfer Partners (ETP) is and has been (for us) the main company, builder of Rover Pipeline, among other projects. Nearly two years ago Sunoco Logistics Partners, a subsidiary of ETE, was merged into ETP (see ETE Merging Sunoco Logistics and Energy Transfer Partners). Sunoco, aka ETP, is building the Mariner East 2 NGL pipeline project. Although technically ETP is the builder, we still call the company doing the work Sunoco, because that’s what everyone else does. Confusing! Hopefully that confusion ends today. ETE announced yesterday that following a vote of unitholders (i.e. shareholders), as of today ETE and ETP are merged, and the new name is simply, Energy Transfer.

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