Lone Star NGL

Energy Transfer Organizational Structure

ENERGY TRANSFER EQUITY, L.P. (NYSE: ETE) LP Interest, GP Interest, IDRs

LP Interest, GP Interest, IDRs

REGENCY ENERGY PARTNERS LP (NYSE: RGP)

Gathering and Processing

ENERGY TRANSFER PARTNERS, L.P. (NYSE: ETP)

Intrastate Transportation

and Storage Contract Compression & Treating

Standard Equipment Co.

Midstream

100% Ownership

LP Interest, GP Interest, IDRs

SUNOCO LOGISTICS PARTNERS, L.P. (NYSE: SXL)

ETP HOLDCO CORP.

Sunoco, Inc. Retail Marketing

Southern Union Company

Transportation

Joint Ventures 30% Interest

Lone Star NGL

Interstate Transportation NGL Transportation and Services

70% Interest

Refined Product

and Storage

Pipelines Terminal Facilities

PEI Power

Crude Oil Pipelines Crude Oil Acquisition and Marketing

Blue denotes Publicly Traded Partnership

2

ETE Footprint

Enterprise Value

> $50 B

Pipelines

71,000+ miles

Plants

58 (2 under construction)

Gas\Liquids Storage

176 Bcf \ 85 MMBbls

Fractionators

3 (225 MBPD)

LNG

2 Bcfd

Compression

> 4.0 MM HP

Retail Locations

~ 5,000

Energy Transfer Asset Overview ETP Assets

SUG Assets1

SXL Assets

RGP Assets

Energy Transfer Projects Eastern Gulf Crude Access Pipeline

Mariner South

Note: Excludes SUN Retail and SUG LDCs 1 Part of ETP Holdco which is 100% Owned by ETP *Map

is s general depiction of Energy Transfer assets

Trunkline LNG Export

3

Lone Star NGL Asset Overview Storage    

~48 Million barrels NGL storage Currently washing an additional 3 Million barrel well Permit to drill additional well in in 2014 Foot print to drill additional 8 caverns

Pipeline Transportation     

Fractionation and Processing

2,000+ miles of NGL Pipelines ~ 400 MBPD of raw make transport capacity 210 MBPD LPG export terminal (under construction) 80 MBPD of Diluent export capacity Extensive Houston Ship Channel pipeline network

 One 100,000 BPD fractionator at MB  An additional 100,000 BPD fractionator being commissioned  Permitting additional Fractionators  Ability to build a total of 6 Mont Belvieu Fractionators on current foot print

Refinery Services   

Two cryogenic processing plants 25,000 BPD fractionator at Geismar, LA Raw Make Truck rack

Lone Star West Texas Gateway Expansion

Planned Laterals

ETP Justice

ETP Spirit

ETP-Copano Liberty JV

Storage

Fractionation

Existing Lone Star

ETP Freedom Plant

4

Lone Star NGL Footprint Lone Star West Texas Pipeline 12” (140 Mbpd) RGP Jal

ETP Godley 1,2,3,5

ETP Freedom\Liberty (75 Mbpd)

RGP Keystone

RGP Red Bluff RGP Mivida RGP Bone Springs RGP Waha RGP Coyanosa

RGP Dubberly Dubuque

ETP Justice 20” (340 Mbpd)

RGP Haley ETP LaGrange\Chisholm RGP Tippett ETP Jackson 1,2,3,4

Formosa

ETP Kenedy

Lone Star West Texas Gateway 16” (210 Mbpd)

CP Chem Sweeny

Lone Star Mt. Belvieu Frac (200 Mbpd)

5

Lone Star NGL Permian Pipeline

6

DCP Sandhills Pipeline

7

Enterprise Chaparral and Seminole Pipelines

8

CP Chemical EZ Pipeline

9

Chevron West Texas LPG Pipeline

10

Lone Star NGL Permian Pipeline

11

Mont Belvieu Storage – Asset Overview Asset Description

Asset Map

 Known as “TET” Mont Belvieu Trading Hub  46MM barrels storage capacity in 25 underground salt dome caverns

Enterprise North Enterprise Fractionator Arco Jctn.

 Highest brine storage to product storage ratio

Oneok Fractionator (MB1)

 Connectivity to over 35+

Equistar Storage

Gulf Coast Fractionator (GCF) Texas Brine

 Petrochemical plants

Enterprise West

 Refineries

XOM Storage Targa Storage

 Fractionators 

3rd

Targa Fractionator

party pipelines

 Store 13 grades of NGL, Petrochemicals and Refined Products  Multi NGL Pipeline System to Houston Ship Channel. Truck and Rail Capacity:  Truck loading (72+ per day)  Rail loading racks (26 rail cars per day)

TX Legend Lone Star NGL Facilities

Legend of Lone Star NGL Facilities

See above for an enlarged view of Company’s MTBV facilities

Mont Belvieu Storage (MTBV) “Shuttle System” Pipelines “Shuttle System” Hub Hastings Pipeline to Ineos

Mont Belvieu

Houston Ship Channel Houston

MTBV

TEPPCO Baytown Storage Terminal Baytown

12

Lone Star Mt. Belvieu Fractionators

13

Lone Star Mt. Belvieu Frac 1

14

Ethane Volume as a % of Total System Injection 12.00

48.00%

46.00% 10.00 44.00%

Ethane Volume (%)

42.00% 6.00

40.00%

38.00%

4.00

36.00% 2.00

Ethane Volume 34.00%

C2 Frac Spread ($)

8.00

Frac Spread -

32.00%

30.00%

Aug-10

(2.00)

Dec-10

Apr-11

Aug-11

Dec-11

Apr-12

Aug-12

Dec-12

Apr-13

Aug-13

15

Cedar Bayou– Asset Overview Cedar Bayou Facility

Colonial/Explorer Pipelines Receipt & Delivery

Canadian Diluent Deliveries

 Motor Gasoline

 Explorer Pipeline

 Ultra Low Sulfur Diesel

 80+ MBPD Capacity

 Jet

 35K Barrels Per Hour Injection Rate

16

Major Events and What is Next for Lone Star  Acquired NGL Assets in May 2011  210 MBPD Raw Make Permian Pipeline – In Service Nov 2012 

700 miles 16” built and placed into service in 16 months

 1st 100 MBPD NGL Fractionator – In Service Dec 2012 

16 Months from Approval

 2nd 100 MBPD Fractionator – (Commissioning) Nov 2013  Increased Diluent Export capacity to >80 MBPD – Nov 2013  What is Next?  210 MBPD Propane and Butane Export Terminal with SXL  100 MBPD HD-5 Deethanizer  Currently permitting 100 MBPD Frac III  Expanding NGL Markets and Purity Product Infrastructure 17