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Regency Energy Partners LP Message Board

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  • lner2512 lner2512 May 14, 2010 2:25 AM Flag

    ETE's CC on RGNC's GP purchase

    I do understand RGNC paid 26.27M units for its share of MEP but I also understand those units are not cash. RGNC now owns half of MEP in return for its promise to contribute $86M in cap-ex and its promise to pay distributions on the units it issued. There are not small commitments, but they are not cash.

    I thought your notes on the two CC's were excellent. I especially liked Kelley's comment that interstate pipes like MEP are not "on the market" very often.

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