EPD says power restored to facilities after Ike

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Enterprise Products Partners LP, which transports natural gas and oil through its pipeline network, said Wednesday that commercial power has been restored to many of its onshore facilities and pipelines affected by Hurricane Ike and it did not incur major damage from the storm.

The partnership said its 100 million barrel natural gas liquid and petrochemical storage facility at its Mont Belvieu complex is fully operational.

Enterprise also restarted its natural gas liquid and propylene fractionators in Mont Belvieu and its major pipelines on the Texas and Louisiana Gulf Coast. The company this week expects to restart its Mont Belvieu butane isomerization units and iso octane facility, which are waiting on hydrogen supplies from a third party provider.

Enterprise's Norco, Promix and Baton Rouge fractionators in Louisiana are either operating or ready to resume operations, and its Baton Rouge propylene fractionation facility is operating.

Enterprise Products Partners shares closed at $25.05 on Tuesday.

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Enterprise Products Partners L.P.

CAPS Rating 5/5 Stars

$21.72

-0.97 (-4.28%)

Outperform701

Underperform14

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