Downstream Strategy
Centennial provides excellent platform for long-term growth
- Serves chronically short Midwest market, with reasonable likelihood of additional refinery closures
- Potential to displace river movements
- Provides capacity to allow growth in propane movements
Substantial cash flow potential as Centennial volumes increase
- $10+ mm annual TEPPCO cash flow at 200,000 bpd
- $25 - $30 mm annual TEPPCO cash flow at 300,000 bpd, with modest capital investment
- Incremental benefits to TEPPCO system from optimizing product mix and power costs