fwp
Filed pursuant to Rule 433
Issuer Free Writing Prospectus dated April 15, 2009
Relating to Preliminary Prospectus Supplement dated April 14, 2009
Registration Statement No. 333-147990
Energy Transfer Partners, L.P.
Pricing Term Sheet and Related Matters
8,500,000 Common Units
     
Issuer:
   Energy Transfer Partners, L.P.
 
    
Symbol:
   ETP
 
    
Size:
   $319,175,000
 
    
Units sold:
   8,500,000 common units representing limited partner interests
 
    
Price to public:
   $37.55 per common unit
 
    
Units outstanding after this
   167,511,459 common units representing limited partner
offering (assuming no exercise of
   interests
the option to purchase additional units):
    
 
    
Proceeds to ETP (before expenses):
   $306,408,000
 
    
Option to purchase additional units:
   1,275,000 common units
 
    
Trade date:
   April 15, 2009
 
    
Closing date:
   April 21, 2009
 
    
CUSIP:
   29273R109
 
    
Underwriters:
   Morgan Stanley & Co. Incorporated
 
   Citigroup Global Markets Inc.
 
   Credit Suisse Securities (USA) LLC
 
   UBS Securities LLC
 
   Wachovia Capital Markets, LLC
 
   Goldman, Sachs & Co.
 
   Merrill Lynch, Pierce, Fenner & Smith Incorporated
 
   Morgan Keegan & Company, Inc.
 
   Oppenheimer & Co. Inc.
 
   SMH Capital Inc.
Prior to purchasing the common units being offered pursuant to the preliminary prospectus supplement, on April 15, 2009, Morgan Stanley & Co. Incorporated purchased, on behalf of the syndicate, 239,900 common units at an average price of $37.6834 per unit in stabilizing transactions.
Energy Transfer Partners, L.P. previously filed a registration statement on Form S-3 with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates, which registration statement became effective on December 11, 2007. Before you invest, you should read the prospectus supplement to the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about Energy Transfer Partners, L.P. and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov.
A copy of the preliminary prospectus supplement and prospectus relating to the offering may be obtained from the following addresses: Morgan Stanley & Co. Incorporated, Attn: Prospectus Dept., 180 Varick Street, 2nd Floor, New York, NY 10014, Email: prospectus@morganstanley.com, (866) 718-1649, or Citigroup Global Markets Inc., Attn: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, Email: batprospectusdept@citi.com, (800) 831-9146, or Credit Suisse Securities (USA) LLC, Attn: Prospectus Dept., One Madison Avenue, New York, NY 10010, (800) 221-1037, or UBS Securities LLC, Attn: Prospectus Dept., 299 Park Avenue, New York, NY 10171, (888) 827-7275, or Wachovia Capital Markets, LLC, Attn: Equity Syndicate Dept., 375 Park Avenue, New York, NY 10152, Email: equity.syndicate@wachovia.com, (800) 326-5897.