Energy Transfer 2012 Annual Report Download - page 147

F - 2
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Partners
Energy Transfer Partners, L.P.
We have audited the accompanying consolidated balance sheets of Energy Transfer Partners, L.P. (a Delaware limited partnership)
and subsidiaries (the “Partnership”) as of December 31, 2012 and 2011, and the related consolidated statements of operations,
comprehensive income, equity, and cash flows for each of the three years in the period ended December 31, 2012. These financial
statements are the responsibility of the Partnership's management. Our responsibility is to express an opinion on these financial
statements based on our audits. We did not audit the consolidated financial statements of Sunoco Logistics Partners L.P., a
consolidated subsidiary, as of December 31, 2012 and for the period from October 5, 2012 to December 31, 2012, which statements
reflect total assets constituting 24 percent of consolidated total assets as of December 31, 2012, and total revenues of 20 percent
of consolidated total revenues for the year then ended. Those statements were audited by other auditors, whose report has been
furnished to us, and our opinion, insofar as it relates to the amounts included for Sunoco Logistics Partners L.P., is based solely
on the report of the other auditors.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements
are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures
in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation. We believe that our audits and the report of the
other auditors provide a reasonable basis for our opinion.
In our opinion, based on our audits and the report of the other auditors, the consolidated financial statements referred to above
present fairly, in all material respects, the financial position of Energy Transfer Partners, L.P. and subsidiaries as of December 31,
2012 and 2011, and the results of their operations and their cash flows for each of the three years in the period ended December
31, 2012 in conformity with accounting principles generally accepted in the United States of America.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the
Partnership's internal control over financial reporting as of December 31, 2012, based on criteria established in Internal Control-
Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), and our
report dated March 1, 2013 expressed an unqualified opinion thereon.
/s/ GRANT THORNTON LLP
Dallas, Texas
March 1, 2013
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