Enterprise, Enbridge and Anadarko Moving Forward With Development of the Texas Express Pipeline
Enterprise Products Partners L.P. (NYSE: EPD), Enbridge Energy Partners, L.P., (NYSE: EEP) and Anadarko Petroleum Corporation (NYSE: APC) today announced that shippers have executed long-term contracts for capacity on the Texas Express Pipeline being developed by the joint venture. The shippers, which include unaffiliated shippers, have tendered 15-year, ship-or-pay transportation agreements containing volume commitments that total 232,000 barrels per day. The contracts also include an option provision allowing shippers to increase their volume commitment.
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