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In the December 1, 2006, transaction, CCEH redeemed ETP's 50% interest in exchange for 100% ownership of the Transwestern Pipeline. With the closing of the transaction, Southern Union owns 100 percent of CCEH, which was formed in 2004 to purchase CrossCountry Energy from Enron Corp. In a second transaction, expected to be completed during ETP's second fiscal quarter, CCEH will redeem ETP's 50% ownership in CCEH in exchange for 100% ownership of Transwestern Pipeline Company, LLC, the entity owning the Transwestern Pipeline. |
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