Enterprise Completes Purchase of Remaining Interest in Dixie Pipeline Company and Dixie Terminals and Storage Company

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Aug. 6, 2008

Enterprise Products Partners L.P. (NYSE:EPD) today announced that its Enterprise Products Operating LLC subsidiary has acquired the remaining 25.8 percent interest in Dixie Pipeline Company and Dixie Terminals and Storage Company ("Dixie") from BP. With this transaction, Enterprise now owns 100 percent of Dixie, which includes a 1,300-mile pipeline system ranging in size from six inches to 12 inches in diameter that delivers propane to seven states throughout the Gulf Coast and southeastern United States. Enterprise acquired its initial 12.5 percent interest in Dixie in September 1999.

"Increasing our ownership of Dixie has been an ongoing strategic goal for Enterprise," said Michael A. Creel, Enterprise president and chief executive officer. "As sole owner of Dixie, our focus will be on pursuing initiatives designed to increase utilization of the system and promote growth opportunities for the partnership and our investors."

Originating at the partnership's Mont Belvieu, Texas fractionation complex, Dixie serves as an important link to residential and commercial propane users in several key market areas and represents a vital component of Enterprise's integrated energy value chain.

"The transaction will have no impact on the Dixie employees who have contributed greatly to the success of the company and whose experience and expertise will be vital to maintaining the standard of excellence that our customers have come to expect," said Creel.

The Pipeline Company currently has the capability to transport in excess of 160,000 barrels per day. The Terminals and Storage Company assets are comprised of eight terminal locations with approximately 660,000 barrels of storage capacity. In addition, the pipeline serves other third-party terminals, storage facilities and delivery locations.

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