Merger of Enterprise and TEPPCO Spells Major Consolidation in Midstream Energy Sector

摘要

Houston-based Enterprise Products Partners LP, TEPPCO Partners LP, and Enterprise GP Holdings LP announced a definitive agreement to merge Enterprise and TEPPCO into the largest publicly-traded energy partnership in the U.S., with a value exceeding $26 billion. The announcement came on 6/29/09. The merger, which goes before TEPPCO unit-holders and is subject to customary regulatory approvals, is expected to close by the fourth quarter of this year.