In the Matter of Dan L. Duncan; EPCO, Inc.; Texas Eastern Products Pipeline Company, LLC; and TEPPCO Partners, L.P.
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Part 2 Consents
Enterprise Products Partners L.P. settled charges that its $1.1 billion acquisition of TEPPCO Partners’ NGLs salt dome storage businesses would likely result in higher prices and service degradations by reducing the number of commercial salt dome NGL storage providers in Mont Belvieu, Texas, from four to three. The FTC’s order required TEPPCO to divest its interests in the world’s largest NGL storage facility in Mont Belvieu, Texas, to an FTC-approved buyer.
February 23, 2007
Commission Letter Approving November 17, 2006 Application of Texas Eastern Products Pipeline Company LLC (TEPPCO) To Divest the TEPPCO NGL Storage Assets to Louis Dreyfus Energy Services (31.34 KB)