I calculate the current dist. rate at 7.08% using the $3.375 annualized rate as stated in the Jan. 22 press release and a $47.67 unit price. That's an above peer yield for an above peer grower. My guess as to ETP's underperformance vs MLP peers is the FERC/lawsuit issue overhang. More broadly, spread products are not in favor now given the turmoil in debt markets and weakening economy. MLPs are also exposed to potential tax law changes which would be more likely with Democratic adimin. and Congress.