Celebrating 10 years covering energy and politics in The Lone Star State. 

“I’ve been … listening to the market to try and understand what the market would like to see us do — what causes our unit price to perform better, in other words — and we really don’t know. When I ask people, ‘If we were to increase our distributions do you think our unit price would go up?’ and the answer is, ‘No, it will do gown,’ well shoot. If that’s the case, then we can check that box. We’re not doing that.”

— Energy Transfer Partners CEO Kelcy Warren in a May 9.earnings call on how to raise his company’s equity value

The TER Buzz: