Current ETP Stock Info

Two subsidiaries of Energy Transfer Partners (ticker: ETP), Energy Transfer Interstate Holdings, LLC and ET Rover Pipeline LLC, announced July 31 that they would be selling a 49.9% interest in HoldCo, which owns a 65% interest in the Rover Pipeline—amounting to a 32.44% stake of the pipeline. The sale of the pipeline interest is going to Blackstone Energy Partners and Blackstone Capital Partners for $1.57 billion.

The Rover Pipeline is a 700-mile long pipeline that will increase carrying capacity out of the Marcellus and Utica plays by approximately 3.25 Bcf per day. The pipeline will be carrying some gas to Canada for processing and re-sale to U.S. and Canadian markets, and some gas immediately to U.S. markets.

Energy Transfer Partners Sells $1.5 Billion Stake in Rover Pipeline Project to Blackstone

Source: Energy Transfer Partners

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