The Inergy family of companies includes two separate, publicly traded securities on the NASDAQ stock exchange – Inergy, L.P. (NRGY) and Inergy Holdings, L.P. (NRGP)  – which offer investors two distinct ways to invest in Inergy’s growth objectives.

Inergy, L.P. (Nasdaq: NRGY)

Inergy, L.P. (NRGY) is a rapidly growing propane marketing and distribution company that proudly serves over 700,000 customers in the Midwest, South, Southeast and Northeast United States.

Inergy L.P. sells and leases propane, propane supplies and equipment to retail consumers (residential, commercial, industrial and agricultural) under a number of regional brand names.  In addition to its retail business, the company also operates a natural gas storage business and provides wholesale propane supply, price risk management and distribution services to customers throughout the United States and Canada.

Inergy Holdings, L.P. (Nasdaq: NRGP)

Inergy Holdings, L.P.’s (NRGP) cash-generating assets primarily consist of its partnership interests, including incentive distribution rights, in Inergy, L.P. (NRGY), which operates a rapidly growing, geographically diverse retail and wholesale propane supply, marketing and distribution business. Inergy Holdings’ primary objective is to increase distributable cash flow to its unitholders through ownership of partnership interests in Inergy.

Inergy Holdings, L.P.’s aggregate partnership interests in Inergy consist of the following:

• a 100% ownership interest of the general partner of Inergy including an approximate .9% general partner interest;

• 4,706,689 Inergy limited partnership units, representing an aggregate limited partner interest in Inergy of approximately 9.4%; and

• all of the incentive distribution rights in Inergy, which entitle Inergy Holdings to receive increasing percentages, up to a maximum of 48.0%, of any cash distributed by Inergy as certain target distribution levels are reached in excess of $0.33 per Inergy unit in any quarter.