EQUITY:

Common Units Issued

The change in Common Units during the nine months ended September 30, 2011 was as follows:



	Number of Units
Outstanding at December 31, 2010	193,212,590
Common Units issued in connection with public offerings	14,202,500
Common Units issued in connection with the Equity Distribution Agreement	1,895,715
Common Units issued in connection with the Distribution Reinvestment Plan	175,863
Common Units issued in connection with propane asset purchase	66,499
Common Units issued under equity incentive plans	25,388
Outstanding at September 30, 2011	209,578,555

In April 2011, we issued 14,202,500 Common Units through a public offering. The proceeds of $695.5 million from the offering were used to repay amounts outstanding under the ETP Credit Facility, to fund capital expenditures related to pipeline construction projects and for general partnership purposes.

We currently have an Equity Distribution Agreement with Credit Suisse Securities (USA) LLC (“Credit Suisse”) under which we may offer and sell from time to time through Credit Suisse, as our sales agent, Common Units having an aggregate offering price of up to $200 million. During the nine months ended September 30, 2011, we received proceeds from units issued pursuant to this agreement of approximately $96.3 million, net of commissions, which proceeds were used for general partnership purposes. Approximately $77.5 million of our Common Units remain available to be issued under the agreement based on trades initiated through September 30, 2011.

In April 2011, we filed a registration statement with the SEC covering our Distribution Reinvestment Plan (the “DRIP”). The DRIP provides Unitholders of record and beneficial owners of our Common Units a voluntary means by which they can increase the number of ETP Common Units they own by reinvesting the quarterly cash distributions they would otherwise receive in the purchase of additional Common Units. The registration statement covers the issuance of up to 5,750,000 Common Units under the DRIP.

For the nine months ended September 30, 2011, distributions of approximately $7.6 million were reinvested under the DRIP resulting in the issuance of 175,863 Common Units.

Quarterly Distributions of Available Cash

Following are distributions declared and/or paid by us subsequent to December 31, 2010:



Quarter Ended	Record Date	Payment Date	Rate
December 31, 2010	February 7, 2011	February 14, 2011	$0.89375
March 31, 2011	May 6, 2011	May 16, 2011	0.89375
June 30, 2011	August 5, 2011	August 15, 2011	0.89375
September 30, 2011	November 4, 2011	November 14, 2011	0.89375

Accumulated Other Comprehensive Income

The following table presents the components of accumulated other comprehensive income (“AOCI”), net of tax:



	September 30, 2011			December 31, 2010
Net gains on commodity related hedges	$	12,423		$	25,245
Unrealized (losses) gains on available-for-sale securities	(17		)	918
Total AOCI, net of tax	$	12,406		$	26,163