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Energy Transfer Equity
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Energy Transfer offers two separate publicly-traded securities on the New York Stock Exchange (NYSE):

* Energy Transfer Partners, L.P. (ETP) - a Master Limited Partnership; and
* Energy Transfer Equity, L.P.‘s (ETE) - a "GP" Master Limited Partnership

Both offer a distinct opportunity for investors to participate in the attractive growth of the energy sector. ETP offers greater distribution income but less accelerated growth; ETE offers less distribution income but faster growth.

Energy Transfer Partners, L.P. 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 14,300 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.