Master

El Paso Corp. remains on track to launch a master limited partnership (MLP) before the end of the year that would hold many — if not all — of the company’s natural gas pipeline assets, the CEO said Tuesday.

The proliferation of midstream master limited partnerships (MLP) and their pursuit of gathering, processing, pipeline and storage have driven asset valuations to exceptional heights and made compelling deals harder to find.

The proliferation of midstream master limited partnerships (MLP) and their pursuit of gathering, processing, pipeline and storage have driven asset valuations to exceptional heights and made compelling deals harder to find.

Southern Union Co. responded to its top shareholder’s concerns last week and said it plans to have a master limited partnership (MLP) in place by the end of September. The MLP, announced as part of the Houston-based company’s long-range strategic plans, initially will hold the Southwest Gas Storage Co., but other assets eventually are expected to be moved into the partnership.

Southern Union Co. has responded to its top shareholder’s concerns and plans to have a master limited partnership (MLP) in place by the end of September. The MLP, announced as part of the Houston-based company’s long-range strategic plans, initially will hold the Southwest Gas Storage Co., but other assets eventually are expected to be moved into the partnership.

El Paso Corp. is drawing up plans to create a master limited partnership (MLP) to initially hold about $500 million worth of its domestic natural gas pipeline franchise. The MLP, expected to roll out by the end of this year, would not only enhance the value and financial flexibility of its bread-and-butter franchise, but likely would boost El Paso’s opportunities to compete for future greenfield pipe projects.

El Paso Corp. is drawing up plans to create a master limited partnership (MLP) to initially hold about $500 million worth of its domestic natural gas pipeline franchise. The MLP, expected to roll out by the end of this year, would not only enhance the value and financial flexibility of its bread-and-butter franchise, but likely would boost El Paso’s opportunities to compete for future greenfield pipe projects.

Duncan Energy Partners LP, a master limited partnership (MLP) created by a subsidiary of Houston-based Enterprise Products Partners LP, is planning to raise up to $313.95 million for an initial public offering (IPO) that would spin off from Enterprise in early 2007. Duncan initially will gain a 66% equity ownership in several Enterprise subsidiaries, including its Mont Belvieu, TX, storage facilities.

Duncan Energy Partners LP, a master limited partnership (MLP) created by a subsidiary of Houston-based Enterprise Products Partners LP, on Thursday filed a Form S-1 with the Securities and Exchange Commission (SEC) to raise up to $313.95 million for an initial public offering (IPO). The IPO, expected to spin off in early 2007, initially will own some of Enterprise’s Gulf Coast midstream assets, including its Mont Belvieu facilities.