<SEC-DOCUMENT>0001181431-12-020045.txt : 20120328
<SEC-HEADER>0001181431-12-020045.hdr.sgml : 20120328
<ACCEPTANCE-DATETIME>20120328155649
ACCESSION NUMBER:		0001181431-12-020045
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20120326
FILED AS OF DATE:		20120328
DATE AS OF CHANGE:		20120328

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Energy Transfer Partners, L.P.
		CENTRAL INDEX KEY:			0001012569
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS TRANSMISSION [4922]
		IRS NUMBER:				731493906
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		3738 OAK LAWN AVENUE
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75219
		BUSINESS PHONE:		214-981-0700

	MAIL ADDRESS:	
		STREET 1:		3738 OAK LAWN AVENUE
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75219

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ENERGY TRANSFER PARTNERS LP
		DATE OF NAME CHANGE:	20040405

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HERITAGE PROPANE PARTNERS L P
		DATE OF NAME CHANGE:	19960424

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Energy Transfer Equity, L.P.
		CENTRAL INDEX KEY:			0001276187
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS TRANSMISSION [4922]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11727
		FILM NUMBER:		12720659

	BUSINESS ADDRESS:	
		STREET 1:		3738 OAK LAWN AVENUE
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75219
		BUSINESS PHONE:		2149810700

	MAIL ADDRESS:	
		STREET 1:		3738 OAK LAWN AVENUE
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75219

	FORMER NAME:	
		FORMER CONFORMED NAME:	LAGRANGE ENERGY LP
		DATE OF NAME CHANGE:	20040113
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd340185.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0305</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2012-03-26</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001012569</issuerCik>
        <issuerName>Energy Transfer Partners, L.P.</issuerName>
        <issuerTradingSymbol>ETP</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001276187</rptOwnerCik>
            <rptOwnerName>Energy Transfer Equity, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>3738 OAK LAWN AVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75219</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Units</value>
            </securityTitle>
            <transactionDate>
                <value>2012-03-26</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2249092</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2249092</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Units</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>50226967</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">On March 26, 2012, the reporting person acquired all of the outstanding common stock of Southern Union Company and its subsidiaries, including CCE Holdings, LLC (&quot;CCE Holdings&quot;), in exchange for approximately $3 billion in cash and the issuance of 56,981,860 common units representing limited partner interests in the reporting person.  At the time of the acquisition, CCE Holdings, LLC owned 2,249,092 common units in Energy Transfer Partners, L.P., which had a value on the date of acquisition of $47.42 per common unit based on the closing price on March 26, 2012.</footnote>
        <footnote id="F2">The reported common units are held directly by CCE Holdings.  The reporting person is the sole member of ETE Sigma Holdco, LLC, which is the sole stockholder of Southern Union Company, which is the sole member of CCE Acquisition, LLC, which is the sole member of CCE Holdings.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ John W. McReynolds, President and Chief Financial Officer</signatureName>
        <signatureDate>2012-03-28</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
