NEW YORK (Standard&Poor's) April 29, 2009--Standard&Poor's Ratings Services said today that the ratings on midstream energy companies Enterprise Products Partners L.P. and TEPPCO Partners L.P. (both BBB-/Stable/--) will not immediately be affected after Enterprise Products' announcement that it proposed to acquire all of the outstanding partnership interests of TEPPCO in essentially an all-stock transaction. TEPPCO's special committee of independent directors has rejected the offer, however, it is willing to consider a revised proposal that it believes more appropriately values TEPPCO. We will evaluate the effect any potential transaction may have on both companies business and financial risk profiles, if they can reach a merger agreement in the future.
