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ETC slashes passive stake to less than 5% in Energy Transfer Equity
By E. Janene Geiss
Philadelphia, Dec. 30 - ETC Holdings, LP slashed its investment to less than 5% in Energy Transfer Equity, LP as of Dec. 19, according to an SC 13G/A filing with the Securities and Exchange Commission.
Those holdings are significantly down from the passive stake of 24.5%, or 54,594,862 shares, the company first reported owning on Dec. 31, 2006, according to an SC 13G filing.
Energy Transfer Equity, through its general partnership interest in Energy Transfer Partners, engages in the transportation and storage of natural gas and the retail sale of propane in the United States.
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