Energy Transfer 2009 Analyst Presentation

93 Pages·2009·3.51 MB·English

by  David Brantley, Jr.

Energy Transfer 2009 Analyst Presentation
Energy Transfer 2009 Analyst Presentation
November 18, 2009
November 18, 2009
Legal Disclaimer
This presentation may contain statements about future events, outlook and expectations of Energy
Transfer Partners, L.P. (ETP) and Energy Transfer Equity, L.P. (ETE) (collectively, the “Partnerships”),
all of which are forward-looking statements. Any statement in this presentation that is not a historical
fact may be deemed to be a forward-looking statement. These forward-looking statements rely on a
number of assumptions concerning future events that are believed to be reasonable, but are subject to a
number of risks, uncertainties and other factors, many of which are outside the Partnerships' control,
and which could cause the actual results, performance or achievements of ETP or ETE to be materially
different. While the Partnerships believe that the assumptions concerning future events are reasonable,
we caution that there are inherent difficulties in predicting certain important factors that could impact
the future performance or results of our businesses. These risks and uncertainties are discussed in more
detail in the filings made by ETP and ETE with the Securities and Exchange Commission, copies of
which are available to the public. The Partnerships expressly disclaim any intention or obligation to
revise or publicly update any forward-looking statements, whether as a result of new information, future
events, or otherwise.
All references in this presentation to capacity of a pipeline, processing plant or storage facility relate to
maximum capacity under normal operating conditions and with respect to pipeline transportation
capacity, is subject to multiple factors (including natural gas injections and withdrawals at various
delivery points along the pipeline and the utilization of compression) which may reduce the throughput
capacity from specified capacity levels.
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Management Biographies
Kelcy L. Warren
Chief Executive Officer
Chairman of the Board of Directors

Kelcy Warren is Chief Executive Officer and Chairman of the Board of Directors of
Energy Transfer Partners, L. P. (ETP). Mr. Warren also serves as Chairman of the Board
of Directors of the general partner of Energy Transfer Equity, L. P. (ETE). Prior to the
combination of the operations of ETP and Heritage Propane in 2004, Mr. Warren co-
founded the entities that acquired and operated the midstream assets that were contributed
in the merger. From 1996 to 2000, Mr. Warren served as a Director of Crosstex Energy,
Inc. and from 1993 to 1996, he served as President, Chief Operating Officer and a
Director of Cornerstone Natural Gas, Inc. Mr. Warren has more than 25 years of business
experience in the energy industry.
Mackie McCrea
President and Chief Operating Officer

Mackie McCrea has served as President and Chief Operating Officer of Energy Transfer
Partners, L.P. since June 2008. Prior to this position, Mr. McCrea served as President of
Energy Transfer Company, a subsidiary of ETP’s pipeline operations, since 2005. Mr.
McCrea began his career in the energy industry in the mid-1980s and joined ETP in 1997
as Senior Vice President of Business Development and Producer Services. In 2004,
following the combination of ETP’s midstream and propane operations, he served as
Senior Vice President of Commercial Development.
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Management Biographies
Martin Salinas Jr.
Chief Financial Officer

Martin Salinas has served as Chief Financial Officer of Energy Transfer Partners, L.P.
since June 2008. Mr. Salinas joined the Partnership in 2004 to serve as Controller. Prior
to joining ETP, Mr. Salinas spent 10 years at KPMG, ultimately serving as a Senior Audit
Manager, where he worked with clients in the energy industry.
Mike Howard
President, Midstream Operations

Mike Howard has served as President of Midstream Operations since October 2008. Mr.
Howard joined Energy Transfer in June of 2005 as Chief Operating Officer of the
Midstream Division. Prior to joining Energy Transfer, Mr. Howard spent two years with
Crosstex Energy as Vice President of Engineering and Operations. From 1993 to 2003 he
held various positions with Union Pacific Resources and its successor, DCP Midstream.
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Management Biographies
Shelley Corman
Senior Vice President of Commercial and Regulatory

Ms. Corman is Senior Vice President of Commercial and Regulatory for Transwestern
where she is responsible for TW’s marketing, business development, and regulatory
matters. She has been in the energy industry for twenty-five years, and has held various
positions in legal, regulatory, gas logistics, and marketing areas. Prior to her current
position, Ms. Corman held positions at Enron, Transcontinental Gas Pipe Line and the
Federal Energy Regulatory Commission. She holds a B.S. in Mineral Economics from
Penn State University, and an MBA and J.D. from the University of Houston.

Lee Hanse
Senior Vice President – Interstate Pipeline Division

Lee Hanse was named Senior Vice President of Energy Transfer Company’s Interstate
Division in October 2008. He joined ETC in May of 2006, as Senior Vice President of
Commercial Optimization, in which he was responsible for running most of the day-to-
day business for ETC’s intrastate transportation segment. Prior to ETC, Lee worked for
ConocoPhillips, formerly Burlington Resources, in several roles for over 18 years,
ultimately as Director of U.S. Gas Marketing. Prior to Burlington, he worked for Coastal
Oil and Gas and Texas Eastern Transmission Company. Mr. Hanse has over 20 years of
experience in the energy business.
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Management Biographies
Bill Powers
President, Heritage Propane

Bill Powers has served as President of Heritage Propane since May 2008. Prior to this
position, Mr. Powers served as Chief Operating Officer, Eastern U.S. since June 2006.
He joined Energy Transfer in March 2004 as Vice President of Northern Operations.
Prior to joining Energy Transfer, Mr. Powers served as the Executive Vice President of
Star Gas LLC. With more than 25 years of experience in the propane industry, Mr.
Powers has held various executive positions with Augsbury Corporation, Star Gas
Corporation and Petro.
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Agenda
(cid:121) Opening Remarks –
Kelcy Warren, CEO
(cid:121) Intrastate Operations –
Mike Howard, President of Midstream Operations
(cid:121) Interstate Operations – West
Shelley Corman, Senior Vice President of Commercial & Regulatory
(cid:121) Interstate Operations – East
Lee Hanse, Senior Vice President of Interstate Pipeline Division
(cid:121) Propane Operations –
Bill Powers, President of Heritage Propane
(cid:121) Financial and Liquidity Overview –
Martin Salinas, CFO
(cid:121) Energy Transfer Equity Overview –
Martin Salinas, CFO
(cid:121) Summary of Energy Transfer’s Assets and Advantages –
Mackie McCrea, President and COO
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Opening Remarks
Kelcy Warren
Chief Executive Officer
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Corporate Structure
Energy Transfer Equity, L.P.
Management
Ownership
~ 2% General Partner Interest
100% ETP IDRs
~ 32%
36% ETP Common Units
(62.5 Million Units)
Energy Transfer Partners, L.P. Public Unitholders
~ 63%
Intrastate & Interstate Retail
Midstream Propane
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Business Overview
(cid:121) Four business segments:
Intrastate Transportation &
Storage, Interstate
Transportation, Midstream
and Retail Propane
(cid:121) Approximately 17,500 miles
Uinta Basin Piceance Basin
of natural gas gathering and
San Juan Basin transportation pipelines
Anadarko Basin
(cid:121) 3 natural gas storage facilities
Woodford
with 74.4 Bcf working
Fayetteville
capacity
FW Basin
(cid:121) Retail Propane business
Storage West Texas and Bossier Trend Haynesville
Market Hubs NM Basin East Texas Basin serving more than 1 million
Intrastate
Interstate customers
Midstream
Basins Texas Gulf Coast
Retail Propane Locations
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