Energy Transfer Partners, L'P'

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Energy Transfer Partners, L.P. NYSE ETP
March 26, 2007
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Legal Disclaimer

This presentation may contain statements about
future events and the outlook and expectations of
Energy Transfer Partners, L.P. (ETP) or Energy
Transfer Equity, L.P. (ETE), all of which
statements that are not statements of 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 ETP
or ETEs control, and which could cause the
actual results, performance or achievements of
ETP and/or ETE to be materially different. While
ETP and ETE each believe that the assumptions
concerning future events are reasonable, they
caution that there are inherent difficulties in
predicting certain important factors that could
impact the future performance or results of their
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. ETP and ETE 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.
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Presentation for Pipeline Opportunity Conference

• Energy Transfers existing assets
• Energy Transfers completed projects
• Projects currently under construction

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ETPs Existing Assets in Texas
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Strategically Located Midstream Assets

• ET Fuel (TUFCO) System
• Approximate capacity of 3.0 Bcf/d
• Approximately 2,230 miles of pipeline
• Connected to Waha and Carthage
• 2 Storage Facilities with 12.4 Bcf of total
  working capacity
• upon completion of 42, 4/1/07

• East Texas Pipeline
• Approximate capacity of 700 MMcf/d
• Connected to Katy
• Approximately 148 miles of pipeline

• Oasis Pipeline
• Approximate capacity of 1.2 Bcf/d
• Approximately 583 miles of pipeline
• Connects Waha to Katy
• Contracts with independent power plants,
  utilities and industrial users

• ETC Texas Pipeline Systems
• Approximately 4,200 miles of gathering pipelines
• 2 processing plants with aggregate capacity of
  320 MMcf/d
• 10 natural gas treating facilities with aggregate
  capacity of 740 MMcf/d
• Over 2,000 connected wells

• Houston Pipeline (HPL) System
• Approximate capacity of 2.4 Bcf/d
• Approximately 4,235 miles of pipeline
• 170 MMcf/d treating capacity
• Bammel Storage 130 Bcf capacity

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ETPs Completed Projects

• 42-inch Pipeline
• 30-inch Pipeline Atmos Partnership
• 24-inch Loop to Willow Park
• 24-inch Maypearl to Mansfield
• Godley Processing Plant 120,000 MMBtu/d
• Final Phase expected to be completed in March
  2007

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Completed Projects

• 42-inch Pipeline Phase I and II
• 30-inch Pipeline (Atmos Partnership)

• ETP recently completed Phase I and II of its 230
  mile 42 pipeline project and expects to complete
  Phase III in March 2007
• Connects the Bossier Katy, ET Fuel and HPL
  systems
• Initial volumes of up to 1.0 Bcf
• ETP and Atmos began flowing gas in December 2005
  through the 30 North Side Loop
• Allows ETP to offer integrated transportation
  optionality and flexibility to producers and
  markets.

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Completed Projects (continued)

• 24-inch pipeline
• extending from ETPs Processing Plant in Johnson
  County north 24 miles
• In commercial service
• Capacity - 400,000 MMBtu/day
• 24-inch pipeline -
• Extending north from Maypearl 24 miles to the
  Mansfield area
• In commercial operation
• Capacity - 400,000 MMBtu/day

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42-inch Pipeline Expansion

• Phase III Cleburne to Reed Expected to be in
  commercial service in March 2007
• Reed Compression In commercial service
• Stryker Compression Expected to be in
  commercial service April 2007

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Processing Plants Johnson County

• ETP has installed one plant and expects is
  installing another processing plant in Johnson
  County
• 120,000 Mcf/day installed and operating
• Installation of additional 170,000 Mcf/day of
  capacity is estimated to be completed by
  September 2007
• Potential plans of installing up to an additional
  200,000 Mcf/day of processing capacity in 2008

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ETPs Projects under Construction
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Projects under Construction

• Southeast Bossier 42-inch Loop 160 miles
• 36-inch Northside to Paris Loop 145 miles
• 170 MMcf/day Processing PlantJohnson Cty

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42 Southeast Bossier Pipeline Expansion

• Interconnection with ETPs 30 Pipeline in
  Freestone County to interconnect with ETPs HPL
  Texoma Pipeline
• Connecting the expanding Bossier Play to
  intrastate and interstate markets
• 42 pipeline through six counties in East Texas,
  including Freestone, Leon and Houston counties
• Estimated commercial service date 11/07

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36-inch Northside to Paris Loop

• Interconnection with ETPs ET Fuel system in
  Tarrant County, ETPs 30 Loop and Atmos system
  in Denton County
• Extending over 145 miles to an interconnection
  with the HPL Texoma Pipeline
• Large capacity outlet for Barnett Shale
  production north of the DFW metroplex
• Initial Capacity 650,000 MMBtu/day
• Estimated commercial service date 12/07 to 1st Q
  08

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Midcontinent Express Pipeline

• Joint Venture with Kinder Morgan
• 504 miles of 30, 42, and 36 inch pipeline
• Initial capacity 1.4 Bcf/d
• Major Receipt Points
• (Oklahoma)
• Enogex/Bennington
• (Texas)
• Station 802 NGPL
• KMP 30- inch
• HPL 30- inch
• ETP 36- inch
• Delivery Points Multiple Pipeline Interconnects
  including Columbia Gulf and Transco Station 85.
• Projected In Service Date February 28, 2009