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Centennial Pipeline announces beginning of full operation

HOUSTON, March 15, 2002 — Centennial Pipeline on Friday announced its interstate pipeline is targeted for full operation by April 1, and it is now accepting nominations for the transportation of refined petroleum products from the U.S. Gulf Coast to the Midwest.

“The Centennial Pipeline will provide shippers with a significant amount of new capacity for refined petroleum products transportation to key Midwestern markets, making it possible for shippers to directly connect major refineries and import terminals located in the U.S. Gulf Coast to the Midwest,” said Christopher A. Helms, president of Centennial Pipeline LLC.

The 795-mile Centennial Pipeline will initially have the capacity to transport more than 210,000 barrels per day of refined petroleum products, including gasoline, diesel fuel, and jet fuel and can be expanded to transport more than 320,000 barrels per day. Shippers on the Centennial Pipeline can deliver refined petroleum products from origination points along the U.S. Gulf Coast to Midwest markets served by the Marathon Ashland Pipe Line and TEPPCO systems, as well as to markets further east that are served by those same systems. For more information on becoming a shipper on the Centennial Pipeline, please contact Centennial Scheduling at (713) 759-3889 or Centennial Marketing at (419) 421-4087.

Marathon Ashland Petroleum LLC, Panhandle Eastern Pipe Line Company, a subsidiary of CMS Energy Corp., and TE Products Pipeline Company, Limited Partnership, through its general partner, Texas Eastern Products Pipeline Company, LLC, (TEPPCO) have formed a limited liability company (LLC) that owns and operates the Centennial Pipeline. Each of the companies own a one-third interest in the LLC. The new interstate refined petroleum products pipeline allows the member companies to maximize their combined capabilities to link the U.S. Gulf Coast refining center to the growing demand for refined petroleum products in the Midwest.

Based in Dearborn, Mich., CMS Energy Corp. has annual sales of about $13 billion and assets of about $16 billion throughout the United States and in selected foreign markets; based in Findlay, Ohio, Marathon Ashland Petroleum, owned 62 percent by Marathon Oil Company — a part of Marathon Oil Corp. — and 38 percent by Ashland Inc., is the nation’s sixth largest refiner with 935,000 barrels-per- day capacity; based in Houston, Texas, Texas Eastern Products Pipeline, LLC, the general partner of TEPPCO Partners, L.P., is an indirect wholly-owned subsidiary of Duke Energy Field Services, LLC. TEPPCO is one of the largest common carrier pipelines of refined petroleum products and liquefied petroleum gases in the United States.