Energy Transfer Equity, L.P. (NYSE:ETE) announced today the full syndication of the $3.7 billion acquisition financing provided by Credit Suisse to finance the previously announced acquisition of Southern Union Company (NYSE:SUG). Following the closure of the syndication, the group of banks financing the transaction now consists of: Bank of America-Merrill Lynch, BNP Paribas, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co., Royal Bank of Scotland plc, SunTrust Banks Inc., UBS Securities LLC, Wells Fargo Securities LLC and Bank of Tokyo-Mitsubishi UFJ, Ltd. John W. McReynolds, President and Chief Financial Officer of Energy Transfer Equity, L.P., commented: “We are pleased to report the successful completion of the acquisition financing syndication to a group of strong financial institutions. This means that all the major terms of the financing have been finalized without any need for adjustment and is therefore another major step in reducing future financial risk to ETE. Today’s news, combined with the recent HSR clearance, demonstrates that we are on track to complete this transaction in the first quarter of 2012.” As previously announced, in connection with ETE’s acquisition of SUG, SUG will cause the contribution of its 50% interest in Citrus Corp. to Energy Transfer Partners, L.P. (NYSE:ETP) in exchange for $2.0 billion, the cash proceeds from which will be used to repay a portion of the acquisition financing and to repay existing SUG-related debt to maintain appropriate investment grade credit metrics. Credit Suisse AG acted as sole administrative agent and Credit Suisse Securities (USA) LLC acted as sole bookrunner and sole lead arranger. Energy Transfer Equity, L.P. (NYSE:ETE) is a publicly traded partnership, which owns the general partner and 100 percent of the incentive distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE:ETP) and approximately 50.2 million ETP limited partner units; and owns the general partner and 100 percent of the IDRs of Regency Energy Partners LP (NASDAQ:RGNC) and approximately 26.3 million RGNC limited partner units. For more information, visit the Energy Transfer Equity, L.P. web site at www.energytransfer.com. Forward-Looking Statements This press release may include certain statements concerning expectations for the future, including statements regarding the anticipated benefits and other aspects of the proposed transaction described above, 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 the control of the management teams of ETE or SUG. Among those is the risk that conditions to closing the transaction are not met or that the anticipated benefits from the proposed transaction cannot be fully realized. An extensive list of factors that can affect future results are discussed in the reports filed with the Securities and Exchange Commission (the “SEC”) by ETE and SUG. Neither ETE nor SUG undertakes any obligation to update or revise any forward-looking statement to reflect new information or events.