Exhibit 99.1

ENERGY TRANSFER PARTNERS, L.P.
UNAUDITED PRO FORMA FINANCIAL INFORMATION

The following unaudited pro forma consolidated financial information of Energy Transfer Partners, L.P. (“ETP”) reflects the pro forma impacts of (i) ETP’s proposed transaction to contribute its propane operations to AmeriGas Partners, L.P. (“AmeriGas”) in exchange for approximately $2.9 billion in cash and common units representing limited partner interests in AmeriGas (the “Propane Transaction”) and (ii) ETP’s proposed Citrus Transaction (as defined below). These transactions are described more fully below.

The unaudited pro forma condensed consolidated balance sheet gives effect to the Propane Transaction and the Citrus Transaction as if both had occurred on September 30, 2011; the unaudited pro forma condensed consolidated statements of operations assume that both transactions were consummated on January 1, 2010. The unaudited pro forma condensed consolidated financial statements should be read in conjunction with (i) ETP’s Annual Report on Form 10-K for the year ended December 31, 2010, as filed with the Securities and Exchange Commission (the “SEC”) on February 28, 2011, and (ii) ETP’s quarterly report on Form 10-Q for the nine months ended September 30, 2011, as filed with the SEC on November 7, 2011.

The unaudited pro forma condensed consolidated financial statements are for illustrative purposes only and are not necessarily indicative of the financial position that would have been obtained or the financial results that would have occurred if the Propane Transaction and/or Citrus Transaction had been consummated on the dates indicated, nor are they necessarily indicative of the financial position or results of operations in the future. The pro forma adjustments, as described in the accompanying notes, are based upon available information and certain assumptions that are believed to be reasonable as of the date of this document.

Propane Transaction

On October 15, 2011, ETP, Energy Transfer Partners GP, L.P. (“ETP GP”), Heritage ETC, L.P. (“Heritage”) and AmeriGas entered into a Contribution and Redemption Agreement (the “Agreement”). Pursuant to the Agreement, ETP has agreed to contribute to AmeriGas the subsidiaries which operate ETP’s retail propane business (the “Propane Business”) in exchange for consideration of approximately $2.9 billion (the “Purchase Price”).

The Purchase Price consists of $1.5 billion in cash (the “Cash Consideration”) and common units of AmeriGas valued at $1.319 billion based on a per unit price of $44.61 (the “Equity Consideration”), plus the assumption of certain liabilities of the Propane Business as specified in the Agreement (the “Transaction”). The Purchase Price is subject to pre-closing and post-closing adjustments as described in the Agreement, including adjustments (i) to account for deviations from actual working capital amounts from targeted working capital amounts at the time of closing of the Transaction; and (ii) requiring ETP to reimburse AmeriGas for any distributions (or portions of distributions) actually received by ETP on the AmeriGas common units constituting the Equity Consideration which were paid with respect to any calendar quarter or portion of a calendar quarter prior to the issuance of such AmeriGas common units. In addition, the cash portion of the Purchase Price may be decreased and the Equity Consideration may be increased by up to $175 million, depending on the financing terms available to AmeriGas, as further described below.

Consummation of the Transaction is subject to customary conditions, including, without limitation, (i) the expiration or early termination of the waiting period applicable to the consummation of the Transaction under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended; (ii) the absence of any law, order or injunction prohibiting the Transaction and the related transactions; and (iii) the increase in the amount of loan commitments under AmeriGas’s credit facility to a maximum aggregate amount of $500 million and the approval of certain other amendments to its revolving credit agreement. Moreover, each party’s obligation to consummate the Transaction is subject to certain other conditions, including without limitation, (x) the accuracy of the other party’s representations and warranties (subject to customary

materiality qualifiers) and (y) the other party’s compliance with its covenants and agreements contained in the Agreement (subject to customary materiality qualifiers). AmeriGas’s obligation to consummate the Transaction is also conditioned on AmeriGas obtaining debt financing in an amount not less than the Cash Consideration on certain agreed upon terms. AmeriGas is also not required to consummate the Transaction until after completion of a marketing period for such debt financing.

The Agreement contains termination rights for AmeriGas and ETP. Upon termination of the Agreement due to a failure of AmeriGas to consummate the debt financing if such financing was available on terms at least as favorable to AmeriGas as agreed with ETP (the “Agreed Financing Terms”), AmeriGas will be required to pay ETP a termination fee of $125 million. If the debt financing is available on certain other terms which are not as favorable to AmeriGas as the Agreed Financing Terms (the “Alternative Financing Terms”) and AmeriGas fails to consummate the debt financing and consummate the Transaction, AmeriGas will be required to pay ETP a termination fee of $75 million. If AmeriGas is unable to consummate the debt financing on terms at least as favorable as the Alternative Financing Terms, then AmeriGas may terminate the Agreement without any liability to AmeriGas. If AmeriGas elects to consummate the debt financing on the Alternative Financing Terms and consummate the Transaction, then, while the aggregate Purchase Price will not be affected, the Equity Consideration will increase by $75 million to $175 million and the Cash Consideration will decrease by a corresponding amount, with the amount of the adjustment dependent on the actual terms of the debt financing consummated by AmeriGas.

AmeriGas’s ability to consummate the debt financing will be subject to market and other conditions at the time of such offering and there can be no assurance that AmeriGas will be able to secure the debt financing in accordance with terms at least as favorable to AmeriGas as the Agreed Financing Terms, the Alternative Financing Terms or at all.

Citrus Transaction

On July 19, 2011, Energy Transfer Equity, L.P. (“ETE”), which owns the general partner of ETP, entered into a Second Amended and Restated Agreement and Plan of Merger (the “Second Amended SUG Merger Agreement”) with Sigma Acquisition Corporation, a Delaware corporation and wholly owned subsidiary of ETE (“Merger Sub”), and Southern Union Company, a Delaware corporation (“SUG”). The Second Amended SUG Merger Agreement modifies certain terms of the Amended and Restated Agreement and Plan of Merger entered into by ETE, Merger Sub and SUG on July 4, 2011 (the “First Amended Merger Agreement”). Under the terms of the Second Amended SUG Merger Agreement, Merger Sub will merge with and into SUG, with SUG continuing as the surviving entity and becoming a wholly owned subsidiary of ETE (the “SUG Merger”), subject to certain conditions to closing.

Consummation of the SUG Merger is subject to customary conditions, including, without limitation: (i) the adoption of the Second Amended SUG Merger Agreement by the stockholders of SUG, (ii) the expiration or early termination of the waiting period applicable to the SUG Merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), and any required approvals thereunder, (iii) the receipt of required approvals from the Federal Energy Regulatory Commission (the “FERC”), the Missouri Public Service Commission and, if required, the Massachusetts Department of Public Utilities, (iv) the effectiveness of a registration statement on Form S-4 relating to the ETE Common Units to be issued in the SUG Merger, and (v) the absence of any law, injunction, judgment or ruling prohibiting or restraining the SUG Merger or making the consummation of the SUG Merger illegal. On July 28, 2011, the waiting period applicable to the SUG Merger under the HSR Act expired.

The registration statement on Form S-4 relating to the common units of ETE to be issued in the SUG Merger was declared effective by the SEC on October 27, 2011. On October 28, 2011, SUG commenced the distribution of the proxy statement/prospectus for the special meeting of SUG stockholders associated with the SUG Merger. The special meeting of the SUG

stockholders is scheduled for December 9, 2011. The primary purpose of the meeting is to vote on the proposed SUG Merger.

On July 19, 2011, ETP entered into an Amended and Restated Agreement and Plan of Merger with ETE (the “Amended Citrus Merger Agreement”). The Amended Citrus Merger Agreement modifies certain terms of the Agreement and Plan of Merger entered into by ETP and ETE on July 4, 2011. Pursuant to the terms of the Second Amended SUG Merger Agreement, immediately prior to the effective time of the SUG Merger, ETE will assign and SUG will assume the benefits and obligations of ETE under the Amended Citrus Merger Agreement.

Under the Amended Citrus Merger Agreement, it is anticipated that SUG will cause the contribution to ETP of a 50% interest in Citrus Corp., which owns 100% of the Florida Gas Transmission pipeline system and is currently jointly owned by SUG and El Paso Corporation (the “Citrus Transaction”). The Citrus Transaction will be affected through the merger of Citrus ETP Acquisition, L.L.C., a Delaware limited liability company and wholly owned subsidiary of ETP, with and into CrossCountry Energy, LLC, a Delaware limited liability company and wholly owned subsidiary of SUG that indirectly owns a 50% interest in Citrus Corp. (“CrossCountry”). In exchange for the interest in Citrus Corp., SUG will receive approximately $2.0 billion, consisting of $1.895 billion in cash and $105 million of ETP common units, with the value of the ETP common units based on the volume-weighted average trading price for the ten consecutive trading days ending immediately prior to the date that is three trading days prior to the closing date of the Citrus Transaction. In connection with this transaction ETE has agreed to relinquish its rights to approximately $220 million of the incentive distributions from ETP that ETE would otherwise be entitled to receive over 16 consecutive quarters following the closing of the Citrus Transaction.

The Amended Citrus Merger Agreement includes customary representations, warranties and covenants of ETP and ETE (including representations, warranties and covenants relating to SUG, CrossCountry and certain of CrossCountry’s affiliates). Consummation of the Citrus Transaction is subject to customary conditions, including, without limitation: (i) satisfaction or waiver of the closing conditions set forth in the Second Amended SUG Merger Agreement, (ii) the receipt by ETP of any necessary waivers or amendments to its credit agreement, (iii) the amendment of ETP’s partnership agreement to reflect the agreed upon relinquishment by ETE of incentive distributions from ETP discussed above, and (iv) the absence of any order, decree, injunction or law prohibiting or making the consummation of the transactions contemplated by the Amended Citrus Merger Agreement illegal. The Amended Citrus Merger Agreement contains certain termination rights for both ETE and ETP, including among others, the right to terminate if the Citrus Transaction is not completed by December 31, 2012 or if the Second Amended SUG Merger Agreement is terminated.

ENERGY TRANSFER PARTNERS, L.P. AND SUBSIDIARIES
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET
As of September 30, 2011
(in thousands)

						Propane				ETP as				Citrus
						Transaction				Adjusted for				Transaction
		ETP				Pro Forma				Propane				Pro Forma
		Historical				Adjustments				Transaction				Adjustments				ETP Pro Forma
ASSETS
CURRENT ASSETS:
Cash and cash equivalents		$	136,233			$	(28,469	) a		$	107,764			$	—			$	107,764
Marketable securities			3,151				(1,473	) a			1,678				—				1,678
Accounts receivable, net of allowance for doubtful accounts			545,829				(81,312	) a			464,517				—				464,517
Accounts receivable from related companies			76,897				(2,094	) a			74,803				—				74,803
Inventories			306,895				(90,585	) a			216,310				—				216,310
Exchanges receivable			15,523				—				15,523				—				15,523
Price risk management assets			11,216				(6	) a			11,210				—				11,210
Other current assets			141,426				(23,508	) a			117,918				—				117,918
Total current assets			1,237,170				(227,447	)			1,009,723				—				1,009,723
PROPERTY, PLANT AND EQUIPMENT, net			11,903,288				(790,433	) a			11,112,855				—				11,112,855
ADVANCES TO AND INVESTMENTS IN AFFILIATES			206,505				1,319,000	b			1,525,505				2,000,000	d			3,525,505
LONG-TERM PRICE RISK MANAGEMENT ASSETS			19,827				—				19,827				—				19,827
GOODWILL			1,220,006				(619,854	) a			600,152				—				600,152
INTANGIBLE ASSETS, net			335,767				(153,481	) a			182,286				—				182,286
OTHER NON-CURRENT ASSETS, net			155,485				(9,143	) a			146,342				—				146,342
Total assets		$	15,078,048			$	(481,358	)		$	14,596,690			$	2,000,000			$	16,596,690
CURRENT LIABILITIES:
Accounts payable		$	360,515			$	(37,189	) a		$	323,326			$	—			$	323,326
Accounts payable to related companies			26,373				80,114	a			106,487				—				106,487
Exchanges payable			15,682				—				15,682				—				15,682
Price risk management liabilities			64,180				(1,972	) a			62,208				—				62,208
Accrued and other current liabilities			579,402				(152,283	) a			427,119				—				427,119
Current maturities of long-term debt			424,076				(24,076	) a			400,000				—				400,000
Total current liabilities			1,470,228				(135,406	)			1,334,822				—				1,334,822
LONG-TERM DEBT, less current maturities			7,652,318				(60,383	) a			6,266,443				1,895,000	d			8,161,443
							(1,325,492	) b
LONG-TERM PRICE RISK MANAGEMENT LIABILITIES			36,628				(43	) a			36,585				—				36,585
OTHER NON-CURRENT LIABILITIES			151,000				(2,602	) a			148,398				—				148,398
COMMITMENTS AND CONTINGENCIES
PARTNERS’ CAPITAL:
General Partner			175,352				19,944	a			192,438				—				192,438
							(2,858	) b
Limited Partners:
Common Unitholders			4,965,032				1,197,663	a			5,991,045				105,000	d			6,096,045
							(171,650	) b
Accumulated other comprehensive income			12,406				(531	) a			11,875				—				11,875
Total partners’ equity			5,152,790				1,042,568				6,195,358				105,000				6,300,358
Noncontrolling interest			615,084				—				615,084				—				615,084
Total equity			5,767,874				1,042,568				6,810,442				105,000				6,915,442
Total liabilities and equity		$	15,078,048			$	(481,358	)		$	14,596,690			$	2,000,000			$	16,596,690

ENERGY TRANSFER PARTNERS, L.P. AND SUBSIDIARIES
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
For the Nine Months Ended September 30, 2011
(dollars in thousands, except per unit data)

						Propane				ETP as				Citrus
						Transaction				Adjusted for				Transaction
		ETP				Pro Forma				Propane				Pro Forma
		Historical				Adjustments				Transaction				Adjustments				ETP Pro Forma
REVENUES:
Natural gas operations		$	3,985,661			$	—			$	3,985,661			$	—			$	3,985,661
Retail propane			962,258				(962,258	) a			—				—				—
Other			83,069				(83,069	) a			—				—				—
Total revenues			5,030,988				(1,045,327	)			3,985,661				—				3,985,661
COSTS AND EXPENSES:
Cost of products sold — natural gas operations			2,470,159				—				2,470,159				—				2,470,159
Cost of products sold — retail propane			587,460				(587,460	) a			—				—				—
Cost of products sold — other			20,992				(20,992	) a			—				—				—
Operating expenses			574,528				(257,147	) a			317,381				—				317,381
Depreciation and amortization			313,878				(62,215	) a			251,663				—				251,663
Selling, general and administrative			158,074				(37,861	) a			120,213				—				120,213
Total costs and expenses			4,125,091				(965,675	)			3,159,416				—				3,159,416
OPERATING INCOME			905,897				(79,652	)			826,245				—				826,245
OTHER INCOME (EXPENSE):
Interest expense, net of interest capitalized			(347,706	)			6,960	a			(275,809	)			(69,641	) e			(345,450	)
							64,937	b
Equity in earnings of affiliates			13,386				33,738	b			47,124				65,028	f			112,152
Losses on non-hedged interest rate derivatives			(64,705	)			—				(64,705	)			—				(64,705	)
Impairment of investment in affiliates			(5,355	)			—				(5,355	)			—				(5,355	)
Other, net			(1,230	)			3,010	a			1,780				—				1,780
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT)			500,287				28,993				529,280				(4,613	)			524,667
Income tax expense (benefit)			20,419				(772	) a			19,647				—				19,647
NET INCOME			479,868				29,765				509,633				(4,613	)			505,020
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST			17,673				—				17,673				—				17,673
NET INCOME ATTRIBUTABLE TO PARTNERS			462,195				29,765				491,960				(4,613	)			487,347
GENERAL PARTNER’S INTEREST IN NET INCOME			318,241				500	c			318,741				(40,646	) g			278,095
LIMITED PARTNERS’ INTEREST IN NET INCOME (LOSS)		$	143,954			$	29,265	c		$	173,219			$	36,033	g		$	209,252
BASIC NET INCOME (LOSS) PER LIMITED PARTNER UNIT		$	0.68							$	0.82							$	0.99
BASIC AVERAGE NUMBER OF UNITS OUTSTANDING			203,918,940								203,918,940								206,245,552	h
DILUTED NET INCOME (LOSS) PER LIMITED PARTNER UNIT		$	0.68							$	0.82							$	0.98
DILUTED AVERAGE NUMBER OF UNITS OUTSTANDING			205,085,770								205,085,770								207,412,382	h

ENERGY TRANSFER PARTNERS, L.P. AND SUBSIDIARIES
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
For the Year Ended December 31, 2010
(dollars in thousands, except per unit data)

						Propane				ETP as				Citrus
						Transaction				Adjusted for				Transaction
		ETP				Pro Forma				Propane				Pro Forma
		Historical				Adjustments				Transaction				Adjustments				ETP Pro Forma
REVENUES:
Natural gas operations		$	4,454,640			$	—			$	4,454,640			$	—			$	4,454,640
Retail propane			1,314,973				(1,314,973	) a							—				—
Other			115,214				(115,214	) a			—				—				—
Total revenues			5,884,827				(1,430,187	)			4,454,640				—				4,454,640
COSTS AND EXPENSES:
Cost of products sold — natural gas operations			2,817,357				—				2,817,357				—				2,817,357
Cost of products sold — retail propane			752,926				(752,926	) a			—				—				—
Cost of products sold — other			29,658				(29,658	) a			—				—				—
Operating expenses			707,271				(343,022	) a			364,249				—				364,249
Depreciation and amortization			343,011				(82,640	) a			260,371				—				260,371
Selling, general and administrative			176,433				(45,935	) a			130,498				—				130,498
Total costs and expenses			4,826,656				(1,254,181	)			3,572,475				—				3,572,475
OPERATING INCOME			1,058,171				(176,006	)			882,165				—				882,165
OTHER INCOME (EXPENSE):
Interest expense, net of interest capitalized			(412,553	)			11,954	a			(314,017	)			(92,855)	e			(406,872	)
							86,582	b
Equity in earnings of affiliates			11,727				18,600	b			30,327				67,304	f			97,631
Losses on disposal of assets			(5,043	)			1,027	a			(4,016	)			—				(4,016	)
Gains on non-hedged interest rate derivatives			4,616				—				4,616				—				4,616
Allowance for equity funds used during construction			28,942				—				28,942				—				28,942
Impairment of investment in affiliate			(52,620	)			—				(52,620	)			—				(52,620	)
Other, net			(482	)			(1,941	) a			(2,423	)			—				(2,423	)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT)			632,758				(59,784	)			572,974				(25,551	)			547,423
Income tax expense (benefit)			15,536				(1,655	) a			13,881				—				13,881
NET INCOME			617,222				(58,129	)			559,093				(25,551	)			533,542
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST			—				—				—				—				—
NET INCOME ATTRIBUTABLE TO PARTNERS			617,222				(58,129	)			559,093				(25,551	)			533,542
GENERAL PARTNER’S INTEREST IN NET INCOME			387,729				(1,052	) c			386,677				(54,461	) g			332,216
LIMITED PARTNERS’ INTEREST IN NET INCOME (LOSS)		$	229,493			$	(57,077	) c			$172,416			$	28,910	g		$	201,326
BASIC NET INCOME (LOSS) PER LIMITED PARTNER UNIT		$	1.20							$	0.90							$	1.03
BASIC AVERAGE NUMBER OF UNITS OUTSTANDING			188,077,143								188,077,143								190,403,755	h
DILUTED NET INCOME (LOSS) PER LIMITED PARTNER UNIT		$	1.19							$	0.89							$	1.03
DILUTED AVERAGE NUMBER OF UNITS OUTSTANDING			188,717,396								188,717,396								191,044,008	h

ENERGY TRANSFER PARTNERS, L.P.
NOTES TO UNAUDITED PRO FORMA INFORMATION