Energy Transfer 2010 Annual Report Download - page 90
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• the fees we charge and the margins we realize for our gathering, treating, processing, storage and
transportation services;
• the prices and market demand for, and the relationship between, natural gas and NGLs;
• energy prices generally;
• the prices of natural gas and propane compared to the price of alternative and competing fuels;
• the general level of petroleum product demand and the availability and price of propane supplies;
• the level of domestic oil, propane and natural gas production;
• the availability of imported oil and natural gas;
• the ability to obtain adequate supplies of propane for retail sale in the event of an interruption in supply or
transportation and the availability of capacity to transport propane to market areas;
• actions taken by foreign oil and gas producing nations;
• the political and economic stability of petroleum producing nations;
• the effect of weather conditions on demand for oil, natural gas and propane;
• availability of local, intrastate and interstate transportation systems;
• the continued ability to find and contract for new sources of natural gas supply;
• availability and marketing of competitive fuels;
• the impact of energy conservation efforts;
• energy efficiencies and technological trends;
• governmental regulation and taxation;
• changes to, and the application of, regulation of tariff rates and operational requirements related to our
interstate and intrastate pipelines;
• hazards or operating risks incidental to the gathering, treating, processing and transporting of natural gas and
NGLs or to the transporting, storing and distributing of propane that may not be fully covered by insurance;
• the maturity of the propane industry and competition from other propane distributors;
• competition from other midstream companies and interstate pipeline companies;
• loss of key personnel;
• loss of key natural gas producers or the providers of fractionation services;
• reductions in the capacity or allocations of third-party pipelines that connect with our pipelines and facilities;
• the effectiveness of risk-management policies and procedures and the ability of our liquids marketing
counterparties to satisfy their financial commitments;
• the nonpayment or nonperformance by our customers;
• regulatory, environmental, political and legal uncertainties that may affect the timing and cost of our internal
growth projects, such as our construction of additional pipeline systems;
• risks associated with the construction of new pipelines and treating and processing facilities or additions to
our existing pipelines and facilities, including difficulties in obtaining permits and rights-of-way or other
regulatory approvals and the performance by third-party contractors;
• the availability and cost of capital and our ability to access certain capital sources;
• a deterioration of the credit and capital markets;
• the ability to successfully identify and consummate strategic acquisitions at purchase prices that are
accretive to our financial results and to successfully integrate acquired businesses;
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