Duncan, Dan L., EPCO, Inc., Texas Eastern Products Pipeline Company, LLC, and TEPPCO Partners, LP, In the Matter of

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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

Case Summary

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.