Enterprise Provides Update on Assets Affected by Hurricanes Katrina & Rita.

HOUSTON -- Enterprise Products Partners L.P. (NYSE:EPD) announced today that it has completed the assessment of its major assets on the U.S. Gulf Coast and offshore Gulf of Mexico affected by Hurricane Rita which confirmed no material damage to its facilities. Additionally, Enterprise reported that the majority of its affected facilities have recommenced operations.

Based on our initial estimates, we do not expect a material financial impact due to the storms. We currently expect that the total impact to operating income as a direct result of reduced volumes due to assets affected by Hurricanes Katrina and Rita during the deductible periods for our insurance coverage is approximately $35 million which is expected to be more than offset by operating income from incremental business opportunities of approximately $40 million. These incremental business activities include an increase in margins and volumes in our octane enhancement and butane isomerization businesses due to increased demand for motor gasoline and replacement demand for natural gas.

Provided below is a summary of the current status of Enterprise's key assets in the Gulf Coast region:

Offshore Assets 

All of the partnership's oil and natural gas pipelines in the Gulf of Mexico are operational except for the Phoenix gas pipeline, a portion of the Viosca Knoll natural gas pipeline, the Typhoon oil and gas pipeline laterals and the High Island offshore natural gas pipeline.

The Phoenix natural gas pipeline system gathers natural gas from the Redhawk field located in the Garden Banks area of the Central Gulf of Mexico. Although no damage was reported to the production facilities and Enterprise's Phoenix natural gas pipeline system was not damaged, deliveries to the downstream pipeline facilities have been suspended pending repairs to downstream pipelines which are expected during the fourth quarter 2005. The Phoenix pipeline system was gathering approximately 125 million cubic feet per day ("MMcfd") prior to Hurricane Rita.

The Viosca Knoll natural gas gathering system located in the eastern Gulf of Mexico has been returned to service. Preliminary subsurface inspection of the western end of the system indicated a possible leak and movement of the pipeline due to Hurricane Katrina. The western portion of the system has been isolated and the eastern segment of the pipeline is currently flowing approximately 130 MMcfd of natural gas. We anticipate another 300 MMcfd will be flowing in the next few weeks from additional fields that are connected to the Viosca Knoll system.

Preliminary assessments of the Typhoon oil and natural gas gathering pipelines indicate no major damage to Enterprise's assets. These pipelines, which will be idle until the Typhoon production platform operated by Chevron is restored or replaced, were flowing approximately 15 thousand barrels per day ("MBPD") and 20 MMcfd before the storm.

The High Island offshore natural gas pipeline system and the East Breaks natural gas gathering systems were not damaged during the storm and are operational. Resumption of service on these pipelines is subject to repairs to downstream pipelines which are expected during October 2005. The High Island system was transporting approximately 600 MMcfd prior to Hurricane Rita.

The Poseidon and Allegheny oil pipeline systems are currently flowing 120 MBPD of oil compared to 175 MBPD at pre-storm levels. The Cameron Highway Oil Pipeline System is beginning to ramp up and currently flowing 40 MBPD from the Mad Dog platform. Production from the Holstein Field is expected to start immediately. Cameron Highway was flowing approximately 90 MBPD prior to Hurricane Rita. The Anaconda natural gas pipeline system is flowing 5 MMcfd compared to 30 MMcfd before the storm. The Falcon natural gas pipeline system has returned to service and is gathering its pre-storm volumes of 160 MMcfd. The Nautilus and Manta Ray natural gas pipelines are in the initial stages of ramping up volumes and are currently flowing 200 MMcfd of gas from fields in the Southern Green Canyon area. This compares to 400 MMcfd at pre-storm levels.

Inspections of our platforms have been completed with no major damage reported. All platforms are in service except Garden Banks 72 and East Cameron 373 which are waiting on repairs to downstream gas pipelines prior to returning to service.

Onshore Assets

Currently, six of the ten significant Louisiana natural gas processing plants in which Enterprise owns various interests are operational and are either in the process of ramping up volumes or are waiting on production from upstream facilities. These plants are currently processing 1.1 billion cubic feet per day ("Bcfd") of natural gas compared to 5.2 Bcfd before the storm.

Significant progress has been made to repair our Toca natural gas processing plant in Chalmette, Louisiana. We are on schedule to restart the Toca II cryogenic processing train, which has a capacity of approximately 250 million cubic feet per day ("MMcfd"), in approximately three weeks. Repairs to the Toca I processing train, which has a capacity of approximately 850 MMcfd, are expected to be completed in approximately six to seven weeks. In the month of August, prior to Hurricane Katrina, the Toca plant was processing approximately 500 MMcfd of natural gas. Enterprise is continuing to work with the upstream pipelines and its producers to establish a timeline for the resumption of service at Toca. Enterprise has a 60.4% ownership interest in the Toca plant.

A definitive estimate of the time it will take to complete repairs to our 29.4%-owned Yscloskey natural gas processing plant and our 13.1%-owned Venice natural gas processing plant and the associated NGL fractionator has not been completed by Dynegy, Inc., the plants' operator. It should be noted that while the aggregate natural gas processing capacity of the Toca, Yscloskey and Venice facilities is 4.25 billion cubic feet per day ("Bcfd"), the average volume of natural gas being processed by these three plants in the August prior to Hurricane Katrina was approximately 2.0 Bcfd. The date that the 15.5%-owned Sea Robin plant will recommence operations has not been announced by Amerada Hess, the plant operator.

No damage was sustained by our Louisiana fractionators as a result of Hurricane Rita. Our 30%-owned propylene fractionator near Baton Rouge is operating at pre-storm levels. Our 50%-owned Promix fractionator returned to service following Hurricane Rita and completed processing mixed NGLs that had been accumulated in storage facilities. Promix, our 100%-owned Norco fractionator and 32.2%-owned Baton Rouge fractionator are operational and waiting for production from upstream natural gas processing plants to return to normal operations.

Enterprise's other onshore facilities located in the Gulf Coast region of Louisiana and Texas have recommenced operations. These facilities were undamaged and, other than the temporary suspension or reduction of services, were unaffected by the storms.

Enterprise Products Partners L.P. is one of the largest publicly traded energy partnerships with an enterprise value of over $14 billion, and is a leading North American provider of midstream energy services to producers and consumers of natural gas, natural gas liquids ("NGLs") and crude oil. Enterprise transports natural gas, NGLs and crude oil through 32,500 miles of onshore and offshore pipelines and is an industry leader in the development of midstream infrastructure in the Deepwater Trend of the Gulf of Mexico. Services include natural gas transportation, gathering, processing and storage; NGL fractionation (or separation), transportation, storage, and import and export terminaling; crude oil transportation and offshore production platform services. For more information, visit Enterprise on the web at www.epplp.com.

This press release contains various forward-looking statements and information that are based on Enterprise's beliefs and those of its general partner, as well as assumptions made by and information currently available to Enterprise. When used in this press release, words such as "anticipate," "project," "expect," "plan," "goal," "forecast," "intend," "could," "believe," "may," and similar expressions and statements regarding the plans and objectives of Enterprise for future operations, are intended to identify forward-looking statements. Although Enterprise and its general partner believe that such expectations reflected in such forward-looking statements are reasonable, neither Enterprise nor its general partner can give assurances that such expectations will prove to be correct. Such statements are subject to a variety of risks, uncertainties and assumptions. If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, Enterprise's actual results may vary materially from those Enterprise anticipated, estimated, projected or expected. Among the key risk factors that may have a direct bearing on Enterprise's results of operations and financial condition are:

--fluctuations in oil, natural gas and NGL prices and production due to weather and other natural and economic forces;

--the effects of the combined company's debt level on its future financial and operating flexibility;

--a reduction in demand for its products by the petrochemical, refining or heating industries;

--a decline in the volumes of NGLs delivered by its facilities;

--the failure of its credit risk management efforts to adequately protect it against customer non-payment;

--terrorist attacks aimed at its facilities; and,

--the failure to successfully integrate our operations with companies, if any we may acquire in the future.

Enterprise has no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.