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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 27, 2010
ENTERPRISE PRODUCTS PARTNERS L.P.
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction of
incorporation )
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1-14323
(Commission
File Number)
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76-0568219
(IRS Employer
Identification No.) |
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1100 Louisiana St., 10th Floor, Houston, Texas
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77002 |
(Address of principal executive offices)
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(Zip Code) |
Registrants telephone number, including area code: (713) 381-6500
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2 below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.
(b) Effective September 27, 2010, William Ordemann resigned as Chief Operating Officer of
Enterprise Products GP, LLC, our general partner (EPGP). Mr. Ordemann will remain with us as
Executive Vice President of EPGP.
(c) Effective September 27, 2010, A. James Teague was elected Chief Operating Officer of EPGP. Mr.
Teague, 65, was elected Executive Vice President of EPGP in November 1999 and as a director in July
2008. In addition, he served as EPGPs Chief Commercial Officer from July 2008 until September
2010. He has served as Executive Vice President and Chief Commercial Officer of DEP Holdings, LLC
(DEP GP), the general partner of Duncan Energy Partners L.P., since July 2008. He previously
served as a director of DEP GP from July 2008 to May 2010 and as a director of EPE Holdings, LLC,
the general partner of Enterprise GP Holdings L.P., from October 2009 to May 2010. Mr. Teague
joined us in connection with our purchase of certain midstream energy assets from affiliates of
Shell Oil Company in 1999. From 1998 to 1999, Mr. Teague served as President of Tejas Natural Gas
Liquids, LLC, then an affiliate of Shell. From 1997 to 1998, he was President of Marketing and
Trading for Mapco Inc.
Item 7.01. Regulation FD Disclosure.
On September 27, 2010, we issued a press release announcing the matters disclosed in Item 5.02
of this Current Report on Form 8-K. A copy of the press release is furnished herewith as Exhibit
99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No. |
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Description |
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99.1
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Press Release dated September 27, 2010. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ENTERPRISE PRODUCTS PARTNERS L.P.
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By: |
Enterprise Products GP, LLC,
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its General Partner |
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Date: September 28, 2010 |
By: |
/s/ Michael J. Knesek
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Michael J. Knesek |
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Senior Vice President, Controller and Principal Accounting
Officer of Enterprise Products GP, LLC |
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EXHIBIT INDEX
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Exhibit No. |
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Description |
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99.1
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Press Release dated September 27, 2010. |
exv99w1
Exhibit 99.1
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Enterprise Products Partners L.P. P.O. Box 4324 Houston, TX 77210 (713) 381-6500 |
TEAGUE ELECTED CHIEF OPERATING OFFICER
OF ENTERPRISE PRODUCTS PARTNERS
Houston, Texas (September 27, 2010) Enterprise Products Partners L.P. (NYSE:EPD) today
announced that A.J. Jim Teague was elected chief operating officer of Enterprises general
partner and will be responsible for managing the commercial and operating activities of the
partnership. Mr. Teague will continue to serve as an executive vice president and director on the
board of the general partner of Enterprise and will continue to report to Michael A. Creel,
president and chief executive officer of Enterprise.
Mr. Teague joined Enterprise in 1999 as executive vice president through the partnerships
acquisition of Shell Oil Companys midstream energy business in Louisiana and Mississippi. Since
that time, Mr. Teague has been responsible for Enterprises natural gas liquids (NGL) businesses
and in 2008 assumed responsibility for all of the commercial activities of all the partnerships
businesses. Prior to joining Enterprise, Mr. Teague was a member of the senior management teams at
affiliates of Shell Oil Company, MAPCO Inc. and Dow Chemical Company.
William Ordemann, executive vice president, will continue to be responsible for the
operations, engineering and environmental, health and safety functions for Enterprise. He will
report to Mr. Teague. Since joining Enterprise in 1999, Mr. Ordemann has been responsible for
asset management and business development in the natural gas processing and NGL businesses and,
since 2007, for the operations, engineering and the environmental, health and safety functions.
Prior to joining Enterprise, he held numerous managerial positions in the operations, engineering
and commercial areas for affiliates of Shell Oil Company.
These elections are effective September 27, 2010.
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Enterprise Products Partners L.P. is the largest publicly traded energy partnership and a
leading North American provider of midstream energy services to producers and consumers of natural
gas, NGLs, crude oil, refined products and petrochemicals. The partnerships assets include:
49,100 miles of onshore and offshore pipelines; approximately 195 million barrels of storage
capacity for NGLs, refined products and crude oil; and 27 billion cubic feet of natural gas storage
capacity. Services include: natural gas transportation, gathering, processing and storage; NGL
fractionation, transportation, storage, and import and export terminaling; crude oil and refined
products; offshore production platform services; petrochemical transportation and storage; and a
marine transportation business that operates primarily on the United States inland and Intracoastal
Waterway systems and in the Gulf of Mexico. Enterprise Products Partners L.P. is managed by its
general partner, Enterprise Products GP LLC, which is wholly owned by Enterprise GP Holdings L.P.
(NYSE: EPE). For more information on Enterprise GP Holdings L.P.,
visit www.enterprisegp.com.
This press release includes forward-looking statements as defined by the Securities and
Exchange Commission. All statements, other than statements of historical fact, included herein that
address activities, events or developments or transactions that Enterprise expects, believes or
anticipates will or may occur in the future, including anticipated benefits and other aspects of
such activities, events, developments or transactions, are forward-looking statements. These
forward-looking statements are subject to risks and uncertainties that may cause actual results to
differ materially, including required approvals by regulatory agencies, the possibility that the
anticipated benefits from such activities, events, developments or transactions cannot be fully
realized, the possibility that costs or difficulties related thereto will be greater than expected,
the impact of competition and other risk factors included in the reports filed with the Securities
and Exchange Commission by Enterprise. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of their dates. Except as required by law,
Enterprise does not intend to update or revise its forward-looking statements, whether as a result
of new information, future events or otherwise.
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Contacts: |
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Randy Burkhalter, Investor Relations (713) 381-6812
or (866) 230-0745 Rick Rainey, Media Relations (713) 381-3635 |
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