TEPPCO PARTNERS, L.P. ANNOUNCES PHASE II OF NORTHEAST PIPELINE EXPANSION
HOUSTON -- TEPPCO Partners, L.P. (NYSE: TPP) today announced an additional project to expand delivery capacity of liquefied petroleum gases (LPGs) to the Northeast by 8,000 to 10,000 barrels per day. The project is scheduled for completion in October 2004.
This is the second phase of TEPPCO’s plan to increase deliverability of LPGs into the Northeast. In 2003, TEPPCO increased delivery capability between
The Phase II expansion includes construction of three pump stations between Coshocton and
To support the pipeline capacity increases, TEPPCO will also make improvements at the Partnership’s
“These enhancements will significantly improve deliverability on the Northeast system for all of TEPPCO’s shippers,” said Thomas R. Harper, senior vice president – commercial downstream. “The project reinforces TEPPCO’s commitment to being a safe, reliable supplier of propane to our shippers and will provide future growth for the Partnership in the Northeast markets.”
TEPPCO is the only pipeline that transports LPGs from the upper
TEPPCO Partners, L.P. is a publicly traded master limited partnership, which conducts business through various subsidiary operating companies. TEPPCO owns and operates one of the largest common carrier pipelines of refined petroleum products and liquefied petroleum gases in the United States; owns and operates petrochemical and natural gas liquid pipelines; is engaged in crude oil transportation, storage, gathering and marketing; owns and operates natural gas gathering systems; and owns 50-percent interests in Seaway Crude Pipeline Company, Centennial Pipeline LLC, and Mont Belvieu Storage Partners, L.P., and an undivided ownership interest in the Basin Pipeline. Texas Eastern Products Pipeline Company, LLC, an indirect wholly owned subsidiary of Duke Energy Field Services, LLC, is the general partner of TEPPCO Partners, L.P. For more information, visit TEPPCO’s Web site at www.teppco.com.