| January 31, 2006 --
Regency Energy Partners LP completes Initial Public Offering |
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| Regency Gas Systems, LLC has reorganized into a public master limited
partnership called Regency Energy Partners LP (NASDAQ: RGNC), and has announced
its initial public offering today of 13,750,000 common units representing
limited partner interests at a price of $20.00 per common unit. This will
result in K-L Energy Partners, LLC receiving a partial realization on its
original investment in Regency and a continuing economic interest in the public
partnership. The general partner of RGNC is controlled by HM Capital Partners,
LLC of Dallas, Texas. Messrs. Kincaid and Luce will remain on the board. |
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| For more information on RGNC, go to
www.regencygas.com |
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