QUOTE AND NEWS
Forbes  May 22  Comment 
The TPP 11 have made the right decision. The strategic and economic significance of the TPP, along with its high standards and framework of rules, make this a once in a generation opportunity. They had to move forward.
CNNMoney.com  May 22  Comment 
Read full story for latest details.
New York Times  May 21  Comment 
U.S. Trade Representative Robert Lighthizer said on Sunday that the United States would not return to the Trans-Pacific Partnership trade deal after 11 remaining countries earlier agreed to look at how they could move ahead without it.
Channel News Asia  May 21  Comment 
Asia-Pacific trade ministers agreed Sunday to resuscitate a massive free trade pact thrown into doubt by a Donald Trump-inspired US pullout, as fears rumble of a new global era of protectionism.
Channel News Asia  May 20  Comment 
HANOI: Australia will push for agreement among the remaining 11 signatories of the Trans-Pacific Partnership (TPP) at a meeting of trade ministers in Hanoi on Sunday (May 21) aimed at reviving the deal after the United States pulled out of the...
Reuters  May 19  Comment 
Remaining members of the Trans Pacific Partnership (TPP) free trade agreement are working on a statement to reaffirm their commitment to it, despite the withdrawal of the United States, sources close to the discussions said.
The Times of India  May 19  Comment 
APEC-VIETNAM/MALAYSIA (URGENT, PIX):Malaysia says renegotiation of TPP needed if it proceeds without U.S.
SeekingAlpha  May 19  Comment 
Reuters  May 16  Comment 
Japanese Prime Minister Shinzo Abe said on Tuesday there was no change to his conviction that a Trans-Pacific Partnership (TPP) pact would help bring prosperity to the Asia-Pacific region.
SeekingAlpha  May 16  Comment 




 
TOP CONTRIBUTORS

Houston, Texas-based TEPPCO Partners, L.P., a master limited partnership (MLP), owns and operates one of the largest pipeline systems transporting gasoline, diesel fuel, and jet fuel from refiners in the Texas Gulf Coast to markets in the Midwest. Additionally, the partnership owns a propane pipeline system (transporting propane from Texas to the Northeast) and one of the largest domestic liquid petroleum gas (LPG) underground storage facilities. In addition, the partnership has crude oil gathering, storage, and trading operations in Texas and Oklahoma, as well as natural gas gathering and processing facilities in Colorado. The partnership owns 50% interests each in Seaway Crude Pipeline Company, and Centennial Pipeline LLC. The partnership also had a 50% interest in Mont Belvieu Storage Partners, L.P., which has recently been sold to comply with Federal Trade Commission directives. The Texas Eastern Products Pipeline Company, LLC is the partnership's general partner. I love farts.

Business

TEPPCO Partners is a carrier of refined petroleum and liquefied petroleum gases. The company owns and operates petrochemical and natural gas liquids pipelines, engaged in crude oil transportation, storage, gathering and marketing, owns and operates natural gas gathering systems and owns the Seaway Crude Pipeline Company, Centennial Pipeline and the Jonah Gas Gathering Company. TPP also has an undivided interest in the Basin Pipeline.

TEPPCO operates in three business segments: transportation, marketing and storage of refined products and petrochemicals; gathering, transportation, marketing and storage of crude oil and distribution of lubrication oils and speciality chemicals; and the gathering of natural gas, fractionation of natural gas liquids and transportation of same.

Financials

TEPPCO Partners has divided its operations into three segments Upstream, Downstream, and Midstream which generated roughly 31%, 40%, and 29% of its 2006 operating profits, respectively. The Upstream segment gathers, transports, markets and stores crude oil, and distributes lubrication oils and specialty chemicals, principally in Oklahoma, Texas, New Mexico and the Rocky Mountain region. The Midstream segment includes storage and gathering of natural gas, and the transportation of natural gas liquids (NGL). One of the major assets in this segment, namely the Jonah Gas Gathering System was earlier fully owned by the partnership. In August last year, Enterprise became a joint venture partner in this system by acquiring an interest in the Jonah Gas Gathering Company, the GP of the Jonah system. Accordingly, the partnership deconsolidated Jonah system from its accounts and began using the equity method to account for it. The Downstream unit accounts for the transportation and storage of refined products, liquefied petroleum gases (LPGs), and petrochemicals.

Early in 2005, EPCO, Inc. a privately owned company controlled by Dan L. Duncan acquired the general partner (GP) of Texas Eastern Products Pipeline Company, LLC, previously an indirect wholly owned subsidiary of Duke Energy Field Services, LLC (which is a joint venture between Duke Energy Corporation and ConocoPhillips) for $1.1 billion. Additionally, EPCO owns 2.5 million limited partner units directly and 14.2 unit shares indirectly, thereby controlling 18.6% interest in the partnership. Dan Duncan also controls the GP interest of Enterprise Products Partners, L.P. (EPD), our preferred MLP name.






References

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