QUOTE AND NEWS
Reuters  Mar 21  Comment 
The United States will consider re-entry to the Trans Pacific Partnership once Washington accomplishes its goals on other trading relationships, U.S. Treasury Secretary Steven Mnuchin said while on an official visit to Chile on Wednesday.
guardian.co.uk  Mar 9  Comment 
Coalition refuses to reveal how much tobacco giant’s investor-state dispute settlement bid cost The Australian government is fighting to keep secret the amount it paid to fight a legal battle with the tobacco industry over its plain packaging...
WA Business News  Mar 9  Comment 
Australia was one of 11 nations that signed on to the successor to the Trans Pacific Partnership trade deal in Chile last night, just more than a year after the United States pulled out of the original deal.
Financial Times  Mar 7  Comment 
Launch of TPP stands in contrast to US shift to economic nationalism
Channel News Asia  Mar 6  Comment 
KUALA LUMPUR: Malaysia will not be among the first countries to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) by early 2019.  This is because Malaysia would not be able to amend the remaining 18 laws...
Channel News Asia  Mar 5  Comment 
The 11 countries to the TPP are set to sign the new deal next week, lifting trade liberalisation ambitions in the Asia Pacific despite growing protectionist sentiments, says one observer at the Australian National University.
Channel News Asia  Mar 2  Comment 
The signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – also dubbed TPP-11 – will take place next week, says Minister for Trade and Industry (Trade) Lim Hng Kiang.
MarketWatch  Feb 23  Comment 
President Donald Trump said the U.S. could join the Trans-Pacific Partnership, but under terms that are better for the nation. Speaking at a news conference with Australian Prime Minister Malcolm Turnbull, Trump said "there's a possibility we...




 
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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