TEPPCO Partners buys Houston area pipeline

July 22, 2005
TEPPCO Partners LP has acquired from Texas Genco LLC interests in companies that own a 90-mile products pipeline system and 5.8 million bbl of storage capacity in the Houston-Texas City, Tex., area.

By OGJ editors
HOUSTON, July 22 -- TEPPCO Partners LP has acquired from Texas Genco LLC interests in companies that own a 90-mile products pipeline system and 5.8 million bbl of storage capacity in the Houston-Texas City, Tex., area. The transaction value is $62 million.

TEPPCO will integrate the acquired system with its existing system, replacing a 10-in., 70,000 b/d pipeline from Texas City to Baytown, Tex., with an 18-in., 180,000 b/d pipeline. The smaller pipeline and an 8-in. pipeline at the Houston Ship Channel will become available for alternative service.