Immediately acretive to earnings. Kelsey Warren bumbled through his interview with Cramer, making an apology for NOT increading the yield while still paying .894, he knew this deal was in the works. This deal will allow them to increase the payout to share holders. I'm stoked.
Asuuming a share offering, ete could avoid raising funds for maintaining ownership by using a dropdown to pay for shares. ETP shares would be increased to buy sun, to raise cash for sun prchase and for ETE dropdown, all accretively. Just musing, but ETP appears to be back to growing company and accretions. ETP also has some propane stock they will eventually sell for more dropdown funding. Again, just musing.