Attached files
file | filename |
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8-K - FORM 8-K - Energy Transfer, LP | h69237e8vk.htm |
EX-1.1 - EX-1.1 - Energy Transfer, LP | h69237exv1w1.htm |
EX-8.1 - EX-8.1 - Energy Transfer, LP | h69237exv8w1.htm |
EX-99.1 - EX-99.1 - Energy Transfer, LP | h69237exv99w1.htm |
EXHIBIT 5.1
January 8, 2010
Energy Transfer Partners, L.P.
3738 Oak Lawn Avenue
Dallas, Texas 75219
3738 Oak Lawn Avenue
Dallas, Texas 75219
Ladies and Gentlemen:
We have acted as counsel for Energy Transfer Partners, L.P., a Delaware limited partnership
(the Partnership) in connection with the proposed offering and sale by the Partnership of
8,500,000 common units (the Firm Units) and up to an additional 1,275,000 common units pursuant
to the Underwriters option to purchase additional common units (the Option Units and together
with the Firm Units, the Units) pursuant to that certain Underwriting Agreement dated January 6,
2010 (the Underwriting Agreement) by and among the Partnership and the several underwriters named
therein (the Underwriters).
In connection with the rendering of the opinions hereinafter set forth, we have examined (i)
executed copies of the organizational documents of the Partnership, Energy Transfer Partners GP,
L.P. (the General Partner) and Energy Transfer Partners, L.L.C. (ETP LLC); (ii) the
Registration Statement on Form S-3ASR (Registration No. 333-147990) with respect to the Units being
sold by the Partnership (the Registration Statement); (iii) the prospectus included in the
Registration Statement dated December 11, 2007 (the Base Prospectus); (iv) the prospectus
supplement to said prospectus dated January 6, 2010 (the Prospectus Supplement, and together with
the Base Prospectus, the Prospectus); (v) resolutions of the Board of Managers of the general
partner of the General Partner dated July 17, 2007 and the pricing committee thereof dated January
6, 2010; and (vi) such other certificates, statutes and other instruments and documents as we
considered appropriate for purposes of the opinions hereafter expressed. In addition, we reviewed
such questions of law as we considered appropriate.
In connection with rendering the opinions set forth below, we have assumed that (i) all
information contained in all documents reviewed by us is true and correct, (ii) all signatures on
all documents examined by us are genuine, (iii) all documents submitted to us as originals are
authentic and all documents submitted to us as copies conform to the originals of those documents,
(iv) the Registration Statement, and any amendments thereto (including post-effective amendments),
will have become effective, and all Units will be sold
Vinson & Elkins LLP Attorneys at Law
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January 8, 2010 Page 2
in compliance with applicable federal and state securities laws and in the manner
specified in the Registration Statement and the applicable Prospectus.
Based on the foregoing, and subject to the assumptions, qualifications, limitations and
exceptions set forth herein, we are of the opinion that the Units, when issued, will be validly
issued, fully paid and non-assessable.
The foregoing opinion is limited to the Delaware Revised Uniform Limited Partnership Act and
the Delaware Limited Liability Company Act (including the applicable provisions of the Delaware
Constitution and the reported judicial decisions interpreting these laws) and the federal laws of
the United States of America. We are expressing no opinion as to the effect of the laws of any
other jurisdiction, domestic or foreign.
We hereby consent to the filing of this opinion as an exhibit to the Registration Statement
and to the use of our name in the Prospectus forming a part of the Registration Statement under the
caption Legal Matters. In giving this consent, we do not admit that we are within the category of
persons whose consent is required under Section 7 of the Securities Act and the rules and
regulations thereunder.
Very truly yours, |
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/s/ Vinson & Elkins L.L.P. | ||||