Fitch: Enterprise Products unchanged

Fitch Ratings said it anticipates no change in Enterprise Products Operating LP's BBB- senior unsecured debt rating and stable rating outlook following today's announcement that EPCO Inc. has acquired the general partner interest of TEPPCO Partners LP from Duke Energy Field Services LLC for $1.1 billion cash.

EPCO, a privately held company controlled by Dan Duncan, the chairman of Enterprise Products' general partner, along with various family trusts, hold an approximate 38% combined limited partner and general partner interest in Enterprise Products Partners LP, the publicly traded master limited partnership for Enterprise Products.

It is Fitch's understanding that the respective general partners of both TEPPCO and Enterprise Products will continue to operate independently, maintaining separate boards of directors and management teams.

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