NEW YORK (Standard&Poor's) Aug. 18, 2008--Standard&Poor's Ratings Services said today that its ratings on Enterprise Products Partners L.P. (EPP; BBB-/Stable/--) and TEPPCO Partners L.P. (BBB-/Stable/--) are unaffected by the announcement that the partnerships will undertake the Texas Offshore Port System (TOPS) project. The project, a joint venture among EPP, TEPPCO, and Oiltanking Holding Americas Inc. (unrated), will facilitate deliveries of waterborne crude oil cargoes to refining facilities along the upper Texas Gulf Coast via pipeline capacity of 1.8 million barrels per day and storage capacity of 5.1 million barrels. The announcement is currently neutral for credit because there is no immediate capital commitment for either partnership because the bulk of the capital spending will occur in
