DALLAS--(BUSINESS WIRE)--Energy Transfer Partners, L.P. (NYSE: ETP) and Sunoco Logistics Partners, L.P. (NYSE: SXL) denounced today’s announcement by the Army Corps of Engineers regarding Dakota Access Pipeline’s authority to cross under Lake Oahe in North Dakota as unjust and a reinforcement of the Administration’s lack of interest in enforcing and abiding by the law. Furthermore, there was no legal or factual justification stated by the Corps for the delay. In fact, the Corps admitted again today that its review had concluded that all previous decisions complied with the all applicable legal requirements.
The Corps knows full well that it is seeking additional consultation with a party that has steadfastly refused to consult. Rather than holding Standing Rock Sioux Tribe accountable for its decisions over the past three years, it seeks to reward them at this late date.
“This action is motivated purely by politics at the expense of a company that has done nothing but play by the rules it was given,” said Kelcy Warren, CEO of Energy Transfer Partners. “To propose, as the Corps now does, to further delay this pipeline and to engage in what can only be described as a sham process sends a frightening message about the rule of law.”
Dakota Access is fully confident that the previous review process conducted by the Corps was extremely thorough and comprehensive. The Corps has supported and defended this process in two federal courts and has been upheld both times.
Dakota Access will vigorously pursue its legal rights in this matter.
About Energy Transfer Partners
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited partnership that owns and operates one of the largest and most diversified portfolios of energy assets in the United States. ETP’s subsidiaries include Panhandle Eastern Pipe Line Company, LP (the successor of Southern Union Company) and Lone Star NGL LLC, which owns and operates natural gas liquids storage, fractionation and transportation assets. In total, ETP currently owns and operates more than 62,500 miles of natural gas and natural gas liquids pipelines. ETP also owns the general partner, 100% of the incentive distribution rights, and approximately 67.1 million common units in Sunoco Logistics Partners L.P. (NYSE: SXL), which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminalling and crude oil acquisition and marketing assets. ETP’s general partner is owned by Energy Transfer Equity, L.P. For more information, visit the Energy Transfer Partners, L.P. web site at www.energytransfer.com.
About Sunoco Logistics
Sunoco Logistics Partners L.P. (NYSE: SXL) is a master limited partnership that owns and operates a logistics business consisting of a geographically diverse portfolio of complementary pipeline, terminalling, and acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil, refined products, and natural gas liquids, and refined products. SXL’s general partner is a consolidated subsidiary of Energy Transfer Partners, L.P. (NYSE: ETP). For more information, visit the Sunoco Logistics Partners L.P. website at www.sunocologistics.com.
Forward-Looking Statements
This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results are discussed in the Partnerships’ Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. The Partnerships undertake no obligation to update or revise any forward-looking statement to reflect new information or events.
