Energy Transfer Equity, L.P. Declares 14.3% Increase in Quarterly Distribution.

DALLAS -- Energy Transfer Equity, L.P. (NYSE:ETE) announced today that the Board of Directors of its general partner has declared its initial quarterly cash distribution to be $.20, for the fiscal quarter ended February 28, 2006. The Board of Directors increased the Partnership's annual distribution

The cash distribution will be paid on April 19, 2006 to holders of record of the Partnership's units as of the close of business on March 31, 2006. As described in the prospectus, this initial quarterly cash distribution will be prorated based upon the portion of the fiscal quarter beginning on the first day of trading of the Partnership's units, which was February 3, 2006, to the end of the quarter on February 28, 2006. The resulting amount of this prorated distribution for the 26-day period is $0.0578 per unit.

Energy Transfer Equity, L.P. owns the general partner interests, 50% of the incentive distribution rights and approximately 33% of the outstanding limited partner interests of Energy Transfer Partners, L.P. (NYSE:ETP). Energy Transfer Partners, L.P. owns a diversified portfolio of energy assets, including natural gas operations consisting of approximately 11,700 miles of natural gas gathering and transportation pipelines, natural gas treating and processing assets located in Texas and Louisiana, and three natural gas storage facilities located in Texas. Energy Transfer Partners, L.P. is also one of the five largest U.S. retailers of propane, serving more than 700,000 customers in 34 states.

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 Partnership's prospectus dated February 3, 2006, and other documents filed from time to time with the Securities and Exchange Commission. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

Company:            Energy Transfer Equity, L.P. (NYSE:ETE)
Record Date:        March 31, 2006
Payment Date:       April 19, 2006
Amount Paid:        $0.0578 per unit (prorated from February 3, 2006)