Energy Transfer Partners closes sale of stake in Rover Pipeline

Business Wire reports that Energy Transfer Partners has announced that its subsidiaries, Energy Transfer Interstate Holdings and ET Rover Pipeline (“HoldCo”), have closed the previously announced sale of a 49.9% interest in HoldCo to Blackstone Energy Partners. As a result of the closing, HoldCo is now owned 50.1% by Energy Transfer and 49.9% by Blackstone. Upon completion, the 713-mile Rover Pipeline will be able to transport 3.25 billion cubic feet of natural gas per day from the Marcellus and Utica shale plays to markets across the United States and in Canada. For more, read the full story.

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