8-KMaterial AgreementsExhibits & Filings

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Material Agreement (Mar 15, 2011)

Filed March 15, 2011For Securities:EPDEPDU

Summary

Enterprise Products Partners L.P. (EPD) filed an 8-K on March 15, 2011, to report a material definitive agreement. The filing details a First Amendment to the Second Amended and Restated Limited Liability Company Agreement of Acadian Gas, LLC. This amendment was entered into by Enterprise Products Operating LLC (EPO), an indirect wholly owned subsidiary of EPD, and DEP Operating Partnership, L.P., a subsidiary of Duncan Energy Partners L.P. (DEP).

Key Highlights

  • 1EPD, through its subsidiary EPO, entered into a First Amendment to the Acadian Gas, LLC operating agreement.
  • 2The amendment modifies provisions related to member notice and response periods for additional capital contributions.
  • 3The stated purpose of the modifications is to provide increased flexibility in cash management for Acadian Gas, LLC.
  • 4Acadian Gas, LLC is a joint venture or entity in which EPD has an indirect ownership interest, with DEP Operating Partnership, L.P. as the other party.
  • 5The filing emphasizes that the description of the amendment is qualified by the full text of Exhibit 10.1, which is the First Amendment document itself.
  • 6This 8-K filing is primarily procedural, updating the governance and financial contribution mechanics of a subsidiary agreement.

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose a material definitive agreement, specifically an amendment to the operating agreement of Acadian Gas, LLC. This amendment aims to enhance cash management flexibility for the entity.

The parties involved are Enterprise Products Operating LLC (EPO), a subsidiary of Enterprise Products Partners L.P. (EPD), and DEP Operating Partnership, L.P., a subsidiary of Duncan Energy Partners L.P. (DEP).

The amendment focuses on modifying the process for requesting and responding to additional capital contributions within Acadian Gas, LLC. While it impacts how cash management is handled, the filing does not indicate any immediate change to EPD's overall financial structure or direct obligation to make capital contributions beyond what was previously agreed upon, but rather provides flexibility in that process.

The amendment specifically modifies Section 4.02(b) of the LLC agreement. It alters the notice period that the Board of Directors of Acadian Gas, LLC must provide to members when requesting additional capital contributions and also changes the timeframe members have to respond to such requests.