Energy Transfer Partners Announces Completion of Southeast Bossier 42-Inch Natural Gas Pipeline Project

Business Wire, April 28, 2008

DALLAS -- Energy Transfer Partners, L.P. (NYSE: ETP) today reported the completion of its Southeast Bossier 42-inch natural gas pipeline project in East Texas. The $468 million Southeast Bossier Pipeline consists of more than 150 miles of predominately 42-inch pipe, originating near Farrar, Texas and ending near Silsbee, Texas. The pipeline connects the Partnership's East Texas and Cleburne to Carthage pipelines with its Texoma Pipeline, north of Beaumont. This newly constructed pipeline provides producers in the Barnett Shale and Bossier Sand development plays of Central and East Texas up to 900,000 Mcf/d of initial capacity and will bring the Partnership's total transport capacity from these rapidly expanding producing basins to more than 4 Bcf/d.

"We are pleased to bring this pipeline into service, as it demonstrates our ongoing commitment to provide critical intrastate transmission capacity and enhances market access to all major hubs in Texas," said Mike Howard - Chief Operations Officer - Midstream Operations. "The Southeast Bossier Pipeline solidifies Energy Transfer's position as the largest transporter of natural gas from the Barnett Shale and the Lower Bossier Sands," added Mr. Howard.

In addition to completing the Southeast Bossier Pipeline, the Partnership also has several other projects currently under construction that are expected to be in service throughout the remainder of 2008 and into 2009.

Energy Transfer Partners, L.P. (NYSE:ETP) is a publicly traded partnership owning and operating a diversified portfolio of energy assets. ETP has pipeline operations in Arizona, Colorado, Louisiana, New Mexico and Utah, and owns the largest intrastate pipeline system in Texas. ETP's natural gas operations include intrastate natural gas gathering and transportation pipelines, natural gas treating and processing assets and three natural gas storage facilities located in Texas. These assets include approximately 14,000 miles of intrastate pipeline in service, with approximately 500 miles of intrastate pipeline under construction, and 2,400 miles of interstate pipeline. ETP is also one of the three largest retail marketers of propane in the United States, serving more than one million customers across the country.

Energy Transfer Equity, L.P. (NYSE:ETE) owns the general partner of Energy Transfer Partners and approximately 62.5 million ETP limited partners units. Together ETP and ETE have a combined enterprise value of approximately $20 billion.

Statements in this release may be forward-looking statements as defined under federal law. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of the Partnership, and a variety of risks that could cause results to differ materially from those expected by management of the Partnership. The Partnership undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.

The information contained in this press release is available on our website at: www.energytransfer.com.