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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=4>UNITED STATES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=4>SECURITIES AND EXCHANGE COMMISSION</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Washington, D.C.  20549</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=4>FORM 8-K</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=4>CURRENT REPORT</font></B></p>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to Section 13 or 15(d)
<BR>of the Securities Exchange Act of 1934 </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date of Report (Date of
earliest event reported): October 27, 2005 </FONT></P>
<BR>
<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=5><B>ENTERPRISE GP HOLDINGS L.P.</B> </FONT>
<BR><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Exact name of registrant as specified in its charter) </FONT></P>
<BR>

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     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Delaware</FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1-32610</FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2>13-4297064</FONT></TH></TR>
<TR VALIGN=Top>
     <TD WIDTH=32% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(State or Other Jurisdiction of<BR>Incorporation or Organization)</FONT></TD>
     <TD WIDTH=36% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Commission File Number)</FONT></TD>
     <TD WIDTH=32% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(I.R.S. Employer<BR>Identification No.)</FONT></TD></TR>
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     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2727 North Loop West, Houston, Texas</FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2>77008-1044</FONT></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=15% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Address of Principal Executive Offices)</FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Zip Code)</FONT></TD>
     <TD WIDTH=15% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Registrant&#146;s Telephone Number, including Area Code: <B>(713) 426-4500</B></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General Instruction A.2. below): </FONT></P>

<P><FONT FACE="WINGDINGS" SIZE=2>&#168;</FONT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></P>

<P><FONT FACE="WINGDINGS" SIZE=2>&#168;</FONT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P><FONT FACE="WINGDINGS" SIZE=2>&#168;</FONT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P><FONT FACE="WINGDINGS" SIZE=2>&#168;</FONT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 7.01.  Regulation FD Disclosure.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>In accordance with General Instruction B.2 of Form 8-K, the following information shall not be deemed &#147;filed&#148; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>On October 27, 2005 and October 28, 2005,
representatives of Enterprise Products GP, LLC intend to make presentations to various financial analysts regarding the growth
strategies, capital projects and financial results of Enterprise Products Partners L.P. (&#147;Enterprise Products Partners&#148;).
A copy of the presentation is filed as Exhibit 99.1 to this report.  In addition, interested parties will be able to view the
presentation by visiting Enterprise GP Holdings L.P.&#146;s website, <U>www.enterprisegp.com</U>.   The presentation will be archived on
our website for 90 days.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>Enterprise GP Holdings L.P.
(&#147;Enterprise GP Holdings&#148; or &#147;EPE&#148;) is the sole member of Enterprise Products GP, LLC
(&#147;Enterprise Products GP&#148;), which is the general partner of Enterprise Products Partners.  The primary business
purpose of Enterprise Products GP is to manage the affairs and operations of Enterprise Products Partners, a North American energy company providing a wide range of processing, storage and transportation or midstream services to producers and consumers of natural gas, natural gas liquids (&#147;NGLs&#148;), and crude oil, and an industry leader in the development of pipeline and other midstream infrastructure in the continental United States and deepwater Gulf of Mexico.  Enterprise Products Partners conducts substantially all of its business through a wholly owned subsidiary, Enterprise Products Operating L.P. (the &#147;Operating Partnership&#148;).  </font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>Unless the context requires otherwise, references to &#147;we,&#148; &#147;us,&#148; &#147;our,&#148; &#147;EPD,&#148; &#147;Enterprise Products Partners&#148; or the &#147;Company&#148; within this presentation shall mean Enterprise Products Partners L.P. and its consolidated subsidiaries.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>Also, &#147;GulfTerra Merger&#148; refers to the merger of GulfTerra Energy Partners, L.P. with a wholly owned subsidiary of Enterprise Products Partners on September 30, 2004 and the various transactions related thereto.  References to &#147;GulfTerra&#148; mean Enterprise GTM Holdings L.P., the successor to GulfTerra Energy Partners, L.P.  References to &#147;GulfTerra GP&#148; mean Enterprise GTMGP, L.L.C., which was formerly known as GulfTerra Energy Company, L.L.C., the general partner of GulfTerra Energy Partners, L.P.   Enterprise GTMGP, L.L.C. is the general partner of Enterprise GTM Holdings L.P.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><i><b><font size=2>Use of industry terms in presentation</font></b></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>As used within our presentation , the following industry terms have the following meanings:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="317" style='border-collapse:collapse'>
    <tr >
        <td width="96" valign=top >
            <p style='margin-left:0pt;border-color:gray;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="53" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Bcf</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>= billion cubic fee</font></p> </td>
        <td   colspan="6">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >
        <td width="96" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="53" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Bcf/d</font></p> </td>
        <td  colspan="7" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>= billion cubic feet per day</font></p> </td>
        <td  width="3">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >
        <td width="96" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="53" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>COS</font></p> </td>
        <td width="111" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>= cost-of-service</font></p> </td>
        <td   colspan="7">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >
        <td width="96" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="53" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>LPG</font></p> </td>
        <td  colspan="5" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>= liquefied petroleum gas</font></p> </td>
        <td   colspan="3">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >
        <td width="96" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="53" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>MBPD</font></p> </td>
        <td  colspan="6" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>= thousand barrels per day</font></p> </td>
        <td   colspan="2">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >
        <td width="96" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="53" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>MBbls</font></p> </td>
        <td  colspan="3" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>= thousand barrels</font></p> </td>
        <td   colspan="5">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >
        <td width="96" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>MMBbls  = million barrels</font></p> </td>
        <td   colspan="7">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >
        <td width="96" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="53" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>MMcf/d  </font></p> </td>
        <td  colspan="8" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>= million cubic feet per day</font></p> </td> </tr>
    <tr >
        <td width="96" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="53" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>ROW</font></p> </td>
        <td  colspan="4" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>= right-of-way easement</font></p> </td>
        <td   colspan="4">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr>
        <td width="96" ></td>

        <td width="53" ></td>

        <td width="111" ></td>

        <td width="7" ></td>

        <td width="3" ></td>

        <td width="32" ></td>

        <td width="5" ></td>

        <td width="5" ></td>

        <td width="3" ></td>

        <td width="3" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><i><b><font size=2>Use of Non-GAAP financial measures </font></b></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>Our presentation includes the non-generally accepted accounting principle (&#147;non-GAAP&#148;) financial measures of gross operating margin, distributable cash flow, and EBITDA.  This current report on Form 8-K provides reconciliations of these non-GAAP financial measures to their most directly comparable historical financial measure calculated and presented in accordance with accounting principles generally accepted in the United States of America (&#147;GAAP&#148;).  See the section titled &#147;</font><i><font size=2>Reconciliation of non-GAAP financial measures to their GAAP counterparts</font></i><font size=2>&#148; for these reconciliations.  Our non-GAAP financial measures should not be considered as alternatives to GAAP measures such as net income, operating income, cash flow from operating activities or any other GAAP measure of liquidity or financial performance.</font></p>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1</FONT></P><HR SIZE=2 COLOR=GRAY NOSHADE>
<H5 align="left" style="page-break-before:always">&nbsp;</H5>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><i><font size=2>Gross operating margin</font></i><font size=2>.  We evaluate segment performance based on the
non-GAAP financial measure of gross operating margin.  Gross operating margin (either in total or by individual segment) is an
important performance measure of the core profitability of our
operations.  This measure forms the basis of our internal financial reporting and is used by senior management in deciding
how to allocate capital resources among business segments.  We believe that investors benefit from having access to the same
financial measures that our management uses in evaluating segment results.   The GAAP measure most directly comparable to total
segment gross operating margin is operating income.   </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>We define total segment gross operating margin as operating income before: (1) depreciation and amortization expense; (2) operating lease expenses for which we do not have the payment obligation; (3) gains and losses on the sale of assets; and (4) general and administrative expenses.  Gross operating margin is exclusive of other income and expense transactions, provision for income taxes, minority interest, cumulative effect of changes in accounting principles and extraordinary charges.  Gross operating margin by segment is calculated by subtracting segment operating costs and expenses (net of the adjustments noted above) from segment revenues, with both segment totals before the elimination of intercompany transactions.  In accordance with GAAP, intercompany accounts and transactions are eliminated in consolidation.  Our non-GAAP financial measure of total segment gross operating margin
should not be considered as an alternative to GAAP operating income.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>We include earnings from equity method unconsolidated affiliates in our measurement of segment gross operating margin.  Our equity investments with industry partners are a vital component of our business strategy.  They are a means by which we conduct our operations to align our interests with those of our customers, which may be a supplier of raw materials or a consumer of finished products.  This method of operation also enables us to achieve favorable economies of scale relative to the level of investment and business risk assumed versus what we could accomplish on a stand-alone basis.   Many of these businesses perform supporting or complementary roles to our other business operations.  As circumstances dictate, we may increase our ownership interest in equity investments, which could result in their subsequent consolidation into our operations.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>For those assets that we own and consolidate, we define project gross operating margin as project operating income before depreciation and amortization expense and any allocation of indirect costs and expenses.  Project gross operating margin is exclusive of other income and expense transactions, provision for income taxes, minority interest, cumulative effect of changes in accounting principles and extraordinary charges.  Project gross operating margin is calculated by subtracting direct project operating costs and expenses (net of the adjustments noted above) from project revenues, with both project totals before the elimination of intercompany transactions.   For those assets in which we own an equity interest through a joint venture arrangement, we define project gross operating margin as our share of the earnings from such investment.  Since project gross operating margin is usually
specific to a single asset, it should not be considered as an alternative to consolidated GAAP operating income, which includes all of our operations.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><i><font size=2>Distributable cash flow</font></i><font size=2>.  We define distributable cash flow as net income or loss plus: (1) depreciation and amortization expense; (2) operating lease expenses for which we do not have the payment obligation; (3) cash distributions received from unconsolidated affiliates less equity in the earnings of such unconsolidated affiliates; (4) the subtraction of sustaining capital expenditures; (5) the addition of losses or subtraction of gains relating to the sale of assets; (6) cash proceeds from the sale of assets or return of investment from unconsolidated affiliates; (7)  gains or losses on monetization of financial instruments recorded in accumulated other comprehensive income less related amortization of such amount to earnings; (8) transition support payments received from El Paso related to the GulfTerra merger and (9) the addition of losses or subtraction of
gains relating to other miscellaneous non-cash amounts affecting net income for the period.  Sustaining capital expenditures are capital expenditures (as defined by GAAP) resulting from improvements to and major renewals of existing assets.  Distributable cash flow is a significant liquidity metric used by our senior management to compare basic cash flows generated by us to the cash distributions we expect to pay our partners.  Using this metric, our management can compute the coverage ratio of estimated cash flows to planned cash distributions.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>Distributable cash flow is
also an important non-GAAP financial measure for our limited partners since it serves as an indicator of our success in providing a
cash return on investment.  Specifically, this financial measure indicates to investors whether or not we are generating cash flows
at a level that can sustain or support an increase in our quarterly cash distribution.  Distributable cash flow is also a quantitative
standard used by the investment community with respect to publicly traded partnerships because the value of a partnership unit is in
part measured by its yield (which in turn is based on the amount of cash distributions a partnership pays to a unitholder).  The GAAP
measure most directly comparable to distributable cash flow is cash flows from operating activities.</font></p>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><I><font SIZE=2>EBITDA</font></I><font size=2>.  We define EBITDA as net income or loss plus interest expense, provision for income taxes and depreciation and amortization expense.  EBITDA is commonly used as a supplemental financial measure by management and by external users of our financial statements, such as investors, commercial banks, research analysts and rating agencies, to assess: (1) the financial performance of our assets without regard to financing methods, capital structures or historical cost basis; (2) the ability of our assets to generate cash sufficient to pay interest cost and support our indebtedness; (3) our operating performance and return on capital as compared to those of other companies in the midstream energy industry, without regard to financing and capital structure; and (4) the viability of projects and the overall rates of return on alternative investment opportunities.
Because EBITDA excludes some, but not all, items that affect net income or loss and because these measures may vary among other companies, the EBITDA data presented in the press release may not be comparable to similarly titled measures of other companies.   The GAAP measure most directly comparable to EBITDA is cash flow from operating activities.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><i><b><font size=2>Use of capital project financial forecast data</font></b></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>Our presentation includes forecasts of gross operating margin for certain capital projects.  Our forecasts of project gross operating margin are based upon certain key assumptions that we and our general partner believe are reasonable; however, neither we nor Enterprise Products GP or EPE can give any assurances that such expectations will prove to be correct.  Our forecasts of project gross operating margin 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, our actual results may vary materially from those anticipated, estimated, projected or expected.   You should not put undue reliance on any forward-looking statements such as our forecasts of project gross operating margin.   </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>The key assumptions underlying our forecasts of project gross operating margin are:  (i) throughput and processing volumes from producers and other customers will materialize in the amounts and during the periods we estimate; (ii) construction and operation of the underlying assets will not be significantly hampered by weather delays or other natural and economic forces; (iii) costs to construct and operate the underlying assets will be within expected ranges of tolerance; and (iv) project revenues will be realized on a timely basis. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>We do not intend and have no obligation to publicly update or revise any forward-looking statement such as our forecast of project gross operating margin, whether as a result of new information, future events or otherwise.  Since we do not prepare GAAP financial forecasts at the project level, we are not able to provide reconciliations between project-specific gross operating margin amounts and consolidated operating income, which includes all aspects of our operations.</font></p>

<BR><BR><BR><BR><BR><BR><BR><BR>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><i><b><font size=2>Reconciliation of non-GAAP financial measures to their GAAP counterparts</font></b></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><u><i><font size=2>Slide 19 reconciliations of gross operating margin, EBITDA and distributable cash flow amounts</font></i></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="670" style='margin-left:0pt;border-collapse:collapse'>
    <tr style='height:10.1pt'>
        <td  colspan="10" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=1>Enterprise Products Partners L.P.</font></b></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td  colspan="10" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=1>Reconciliation of Unaudited GAAP Financial Measures to Our Non-GAAP Financial Measures</font></b></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td  colspan="10" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=1>Distributable Cash Flow </font></b></p> </td>  </tr>
    <tr style='height:10.1pt'>
        <td  colspan="10" valign=bottom style=' border-bottom:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=1>For the Three and Nine Months Ended September 30, 2005 and 2004</font></b></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td  colspan="10" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=1>($ in 000s)</font></i></p> </td>  </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="3" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>For the Three Months </font></b></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="3" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>For the Nine Months </font></b></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="3" valign=bottom style=' border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>Ended September 30,</font></b></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="3" valign=bottom style=' border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>Ended September 30,</font></b></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style=' border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>2005</font></b></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>2004</font></b></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>2005</font></b></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style=' border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>2004</font></b></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td  colspan="3" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=1>Reconciliation of Non-GAAP "Distributable Cash Flow" to GAAP "Net</font></u><u></u></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=1>Income" and GAAP "Cash provided by (used in) operating activities"</font></u><u></u></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td  colspan="3" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=1>Net income </font></b></p> </td>
        <td width="65" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$     131,169 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$         57,231 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$      311,084 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$       152,907 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=1>Adjustments to derive Distributable Cash Flow: </font></i><i></i></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:8.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=1>(add or subtract as indicated by sign of number): </font></i><i></i></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Amortization in interest expense </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>254 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>1,025 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (116)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>2,868 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Depreciation and amortization in costs and expenses </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>104,562 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>32,586 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>309,065 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>94,976 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Operating lease expense paid by EPCO </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>528 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>2,273 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>1,584 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>6,820 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Deferred income tax expense </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>1,952 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>3,381 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>5,827 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>6,293 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Monetization of forward-starting interest rate swaps </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (85,126) </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>19,405 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Amortization of net gain from forward-starting interest rate swaps</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>(905)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>(2,687)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Cumulative effect of change in accounting principle,  </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:12.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>excluding minority interest portion </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (8,443)</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Equity in income of unconsolidated affiliates </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (3,703)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (14,289)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (14,563)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (42,224)</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Distributions received from unconsolidated affiliates </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>8,480 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>18,723 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>47,388 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>54,580 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Provision for impairment of long-lived asset</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>4,016</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>4,016</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Loss (gain) on sale of assets </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>611 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>43 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (4,742)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>158 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Proceeds from sale of assets </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>953 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>51 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>43,220 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>110 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Sustaining capital expenditures </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (25,935)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (6,112)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (62,778)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (16,001)</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Changes in fair market value of financial instruments </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>11 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>79</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:.5in;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>122 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>82 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Return of investment from Cameron Highway Oil Pipeline System</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:14.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>related to refinancing of its project debt </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>47,500</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>GulfTerra distributable cash flow for third quarter of 2004</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>68,402</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>68,402</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>El Paso transition support payments </font></p> </td>
        <td width="65" valign=bottom style=' border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>4,500 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>13,500 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style=' border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td  colspan="3" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=1>Distributable Cash Flow</font></b></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>222,477 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>82,283 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>694,404 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>343,949 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=1>Adjustments to Distributable Cash Flow to derive Cash Provided by Operating </font></i></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:8.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=1>Activities (add or subtract as indicated by sign of number):</font></i><i></i></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Minority interest portion of cumulative effect of change in  </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:14.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>accounting principle </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (2,338)</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Monetization of forward-starting interest rate swaps </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>85,126</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (19,405)</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Amortization of net gain from forward-starting interest rate swaps</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>905</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>2,687</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Proceeds from sale of assets </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (953)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (51)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (43,220)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (110)</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Sustaining capital expenditures</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>25,935 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>6,112 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>62,778 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>16,001 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Return of investment from Cameron Highway Oil Pipeline System</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:12.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>related to refinancing of its project debt </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>(47,500)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>GulfTerra distributable cash flow for third quarter of 2004</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>(68,402)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>(68,402)</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>El Paso transition support payments </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (4,500)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (13,500)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Minority interest in total </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>861 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>3,149 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>3,186 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>6,847 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="323" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Net effect of changes in operating accounts </font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (17,929)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (189,345) </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (314,202)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (240,526)</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td  colspan="3" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><b><font size=1>Cash provided by (used in) operating activities </font></b></p> </td>
        <td width="65" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$      226,796</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$       (81,128) </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$       344,633 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$         36,016 </font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4</FONT></P><HR SIZE=2 COLOR=GRAY NOSHADE>
<H5 align="left" style="page-break-before:always">&nbsp;</H5>


<table border="0" cellspacing=0 cellpadding=0 width="670" style='border-collapse:collapse'>
    <tr style='height:10.1pt'>
        <td colspan="11" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=1>Enterprise Products Partners L.P.</font></b></p> </td></tr>
    <tr style='height:10.1pt'>
        <td colspan="11" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=1>Reconciliation of Unaudited GAAP Financial Measures to Our Non-GAAP Financial Measures</font></b></p> </td></tr>
    <tr style='height:10.1pt'>
        <td  colspan="11" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=1>EBITDA </font></B></p> </td>  </tr>
    <tr style='height:10.1pt'>
        <td  colspan="11" valign=bottom style='border: none;border-bottom:solid black 1.0pt;border-color:gray;padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=1>For the Three and Nine Months Ended September 30, 2005 and 2004</font></b></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td  colspan="11" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=1>($ in 000s)</font></i></p> </td>  </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="35" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="3" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>For the Three Months </font></b></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="3" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>For the Nine Months </font></b></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="35" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="3" valign=bottom style=' border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>Ended September 30,</font></b></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="3" valign=bottom style='border: none;border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>Ended September 30,</font></b></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="35" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="82" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>2005</font></b></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style=' border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>2004</font></b></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style=' border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>2005</font></b></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style=' border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>2004</font></b></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td  colspan="4" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=1>Reconciliation of Non-GAAP "EBITDA" to GAAP "Net Income" and </font></u><u></u></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="3" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=1>GAAP "Cash provided by (used in) operating activities"</font></u><u></u></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td  colspan="4" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=1>Net income </font></b></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$       131,169 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$         57,231 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$       311,084 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$       152,907 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="3" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=1>Additions to net income to derive EBITDA: </font></i><i></i></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="35" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Interest expense (including related amortization) </font></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>60,538 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>32,471 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>170,697 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>96,956 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="35" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Provision for taxes </font></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>3,223</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>662 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>3,958 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>2,706 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="35" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>Depreciation and amortization in costs and expenses </font></p> </td>
        <td width="82" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>104,562 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style=' border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>32,586 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style=' border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>309,065 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style=' border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>94,976 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td  colspan="3" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=1>EBITDA </font></B></p> </td>
        <td width="306" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>299,492 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>122,950 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>794,804 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>347,545 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="3" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=1>Adjustments to EBITDA to derive cash provided by operating activities </font></i><i></i></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="3" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:8.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=1>(add or subtract as indicated by sign of number): </font></i><i></i></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="35" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Interest expense </font></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (60,538)</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (32,471)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0in;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (170,697)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (96,956)</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="35" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Provision for income taxes </font></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (3,223) </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (662)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (3,958)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (2,706)</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="35" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Cumulative effect of changes in accounting principles </font></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (10,781)</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="35" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Equity in income of unconsolidated affiliates </font></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (3,703)</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (14,289)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (14,563)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (42,224)</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="35" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Amortization in interest expense </font></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>254 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>1,025 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (116)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>2,868 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="35" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Deferred income tax expense </font></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>1,952 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>3,381</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>5,827 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>6,293 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="35" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Distributions received from unconsolidated affiliates </font></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>8,480 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>18,723 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>47,388 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>54,580 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="35" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Provision for impairment of long-lived asset</font></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>4,016</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>4,016</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="35" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Operating lease expense paid by EPCO </font></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>528 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>2,273 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>1,584 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>6,820 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="35" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Minority interest </font></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>861 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>3,149 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>3,186 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>6,847 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="35" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Loss (gain) on sale of assets </font></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>611 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>43 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (4,742)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0in;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>158 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="35" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Changes in fair market value of financial instruments </font></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>11 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>79</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>122 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>82 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="20" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="35" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Net effect of changes in operating accounts </font></p> </td>
        <td width="82" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (17,929)</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (189,345) </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0in;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (314,202)</font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (240,526)</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td  colspan="4" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><b><font size=1>Cash provided by (used in) operating activities </font></b></p> </td>
        <td width="82" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$       226,796</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$       (81,128) </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="81" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$       344,633 </font></p> </td>
        <td width="17" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="79" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$         36,016</font></p> </td> </tr>
    <tr>
        <td width="20" ></td>

        <td width="35" ></td>

        <td width="3" ></td>

        <td width="306" ></td>

        <td width="82" ></td>

        <td width="18" ></td>

        <td width="78" ></td>

        <td width="17" ></td>

        <td width="81" ></td>

        <td width="17" ></td>

        <td width="79" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="670" style='border-collapse:collapse'>
    <tr style='height:10.1pt'>
        <td  colspan="9" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=1>Enterprise Products Partners L.P.</font></b></p> </td>  </tr>
    <tr style='height:10.1pt'>
        <td  colspan="9" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=1>Condensed Operating Data - UNAUDITED</font></b></p> </td>  </tr>
    <tr style='height:10.1pt'>
        <td  colspan="9" valign=bottom style='border: none;border-bottom:solid black 1.0pt;border-color:gray;padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=1>For the Three and Nine Months Ended September 30, 2005 and 2004</font></b></p> </td>  </tr>
    <tr style='height:10.1pt'>
        <td  colspan="9" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=1>($ in 000s)</font></i></p> </td>  </tr>
    <tr style='height:10.1pt'>
        <td width="27" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="321" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="3" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>For the Three Months</font></b></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="3" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>For the Nine Months</font></b></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="27" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="321" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="3" valign=bottom style='border: none;border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>Ended September 30,</font></b></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="3" valign=bottom style='border: none;border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>Ended September 30,</font></b></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="27" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="321" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="77" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>2005</font></b></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>2004</font></b></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>2005</font></b></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>2004</font></b></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="27" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="321" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="77" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td  colspan="2" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=1>Gross Operating Margin by Segment ($000s):</font></u><u></u></p> </td>
        <td width="77" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="27" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="321" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Offshore Pipelines &amp; Services</font></p> </td>
        <td width="77" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$&nbsp;&nbsp;&nbsp;16,922 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;721 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$&nbsp;&nbsp;&nbsp;62,180 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$&nbsp;&nbsp;&nbsp;&nbsp;2,577 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="27" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="321" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Onshore Natural Gas Pipelines &amp; Services</font></p> </td>
        <td width="77" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>93,513 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>7,186 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>257,774 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>18,928 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="27" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="321" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>NGL Pipelines &amp; Services</font></p> </td>
        <td width="77" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>153,760 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>83,560 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>427,392 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>231,730 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="27" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="321" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Petrochemical Services</font></p> </td>
        <td width="77" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>47,621 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>35,522 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>85,559 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>90,731 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="27" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="321" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>Other, non-segment results</font></p> </td>
        <td width="77" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>10,759 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>32,025 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td  colspan="2" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Total non-GAAP consolidated gross operating margin</font></p> </td>
        <td width="77" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$      311,816 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$      137,748 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$      832,905 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$      375,991 </font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td  colspan="2" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=1>Adjustments to reconcile non-GAAP consolidated gross operating</font></i><i></i></p> </td>
        <td width="77" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td  colspan="2" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:6.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=1>margin to GAAP consolidated operating income:</font></i><i></i></p> </td>
        <td width="77" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="27" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="321" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Depreciation and amortization in operating </font></p> </td>
        <td width="77" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="27" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="321" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:6.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>costs and expenses</font></p> </td>
        <td width="77" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (103,028)</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (32,439)</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (304,041)</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (94,674)</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="27" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="321" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Operating lease expense paid by EPCO in operating </font></p> </td>
        <td width="77" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="27" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="321" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:6.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>costs and expenses</font></p> </td>
        <td width="77" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (528)</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (2,273)</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (1,584)</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (6,820)</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="27" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="321" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Gain (loss) on sale of assets in operating costs and expenses</font></p> </td>
        <td width="77" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (611)</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (43)</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>4,742 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (158)</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td width="27" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="321" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>General and administrative expenses</font></p> </td>
        <td width="77" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (13,252)</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (10,076)</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (46,655)</font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (26,629)</font></p> </td> </tr>
    <tr style='height:10.1pt'>
        <td  colspan="2" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>Consolidated operating income per GAAP</font></p> </td>
        <td width="77" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$      194,397 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$        92,917 </font></p> </td>
        <td width="18" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$      485,367 </font></p> </td>
        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$      247,710 </font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5</FONT></P><HR SIZE=2 COLOR=GRAY NOSHADE>
<H5 align="left" style="page-break-before:always">&nbsp;</H5>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><u><i><font size=2>Slide 20 reconciliation of gross operating margin amounts</font></i></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="670" style='margin-left:0pt;border-collapse:collapse'>
    <tr style='height:12.0pt'>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="303" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="4" valign=bottom style='border: none;border-bottom:solid black 1.0pt;border-color:gray; padding:0in 5.4pt 0in 5.4pt;height:12.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>For the Three Months Ended</font></b></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="303" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>December 31, </font></b></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>March 31,</font></b></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>June 30,</font></b></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>September 30,</font></b></p> </td> </tr>
    <tr style='height:12.0pt'>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="303" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="90" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>2004</font></b></p> </td>
        <td width="84" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>2005</font></b></p> </td>
        <td width="90" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>2005</font></b></p> </td>
        <td width="90" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>2005</font></b></p> </td> </tr>
    <tr style='height:12.0pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Consolidated operating income per GAAP</font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$    175,284 </font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$   165,464 </font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$  125,506 </font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$    194,397 </font></p> </td> </tr>
    <tr style='height:12.0pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=1>Adjustments to reconcile consolidated operating income </font></i><i></i></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.0pt'>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=1>to total consolidated gross operating margin:</font></i><i></i></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.0pt'>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:6.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Depreciation and amortization in operating costs and expenses</font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>99,060 </font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>99,965 </font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>101,048 </font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>103,028 </font></p> </td> </tr>
    <tr style='height:12.0pt'>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:6.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Retained lease expense, net in operating costs and expenses</font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>885 </font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>528 </font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>528 </font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>528 </font></p> </td> </tr>
    <tr style='height:12.0pt'>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:6.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Loss (gain) on sale of assets in operating costs and expenses</font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (16,059)</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1> (5,436)</font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>83 </font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>611 </font></p> </td> </tr>
    <tr style='height:12.0pt'>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:6.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>General and administrative costs</font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>20,030 </font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>14,693 </font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>18,710 </font></p> </td>
        <td width="90" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>13,252 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>Total non-GAAP consolidated gross operating margin</font></p> </td>
        <td width="90" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$      279,200 </font></p> </td>
        <td width="84" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$      275,214 </font></p> </td>
        <td width="90" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$      245,875 </font></p> </td>
        <td width="90" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:10.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>$      311,816 </font></p> </td> </tr>
    <tr>
        <td width="18" ></td>

        <td width="21" ></td>

        <td width="303" ></td>

        <td width="90" ></td>

        <td width="84" ></td>

        <td width="90" ></td>

        <td width="90" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 9.01.  Financial Statements and Exhibits.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><i><font size=2>(a)  Financial statements of businesses acquired.</font></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Not applicable.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><i><font size=2>(b)  Pro forma financial information.</font></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Not applicable.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><i><font size=2>(c)  Exhibits.</font></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="133" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Exhibit No.</font></u><u></u></p> </td>
        <td width="505" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Description</font></u><u></u></p> </td> </tr>
    <tr >
        <td width="133" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="505" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:14.85pt'>
        <td width="133" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:14.85pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>99.1</font></p> </td>
        <td width="505" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:14.85pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Enterprise Products Partners L.P. Analyst Presentation.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<BR><BR><BR><BR><BR><BR><BR><BR>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>6</FONT></P><HR SIZE=2 COLOR=GRAY NOSHADE>
<H5 align="left" style="page-break-before:always">&nbsp;</H5>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'>
<B><font SIZE=2>SIGNATURES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2in; text-indent:0.5in;text-align:left;'><B><font SIZE=2>ENTERPRISE GP HOLDINGS L.P.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="419" style='border-collapse:collapse'>
    <tr >
        <td width="240" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>By:</font></p> </td>
        <td  colspan="3" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>EPE Holdings, LLC,</font></p> </td> </tr>
    <tr >
        <td  colspan="3" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="119" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>its General Partner</font></p> </td>
        <td  width="3">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr>
        <td width="240" ></td>

        <td width="48" ></td>

        <td width="9" ></td>

        <td width="119" ></td>

        <td width="3" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="559" style='border-collapse:collapse'>
    <tr >
        <td width="240" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Date: October 27, 2005</font></p> </td>
        <td  colspan="4" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>By:  ___/s/ Michael J. Knesek___</font><u><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u></p> </td>
        <td  width="9">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >
        <td width="240" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Name:</font></p> </td>
        <td width="119" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Michael J. Knesek</font></p> </td>
        <td   colspan="3">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >
        <td width="240" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Title:</font></p> </td>
        <td  colspan="4" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Senior Vice President, Controller and Principal</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top >
            <p ><font size=1>&nbsp;</font></p></td>
        <td  colspan="2" valign=top >
            <p ><font size=2>Accounting Officer of EPE Holdings, LLC</font></p></td>
        <td   colspan="2">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr>
        <td width="240" ></td>

        <td width="48" ></td>

        <td width="119" ></td>

        <td width="131" ></td>

        <td width="12" ></td>

        <td width="9" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>7</FONT></P><HR SIZE=2 COLOR=GRAY NOSHADE>
<H5 align="left" style="page-break-before:always">&nbsp;</H5>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Exhibit Index</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="133" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Exhibit No.</font></u><u></u></p> </td>
        <td width="505" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Description</font></u><u></u></p> </td> </tr>
    <tr >
        <td width="133" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="505" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:14.85pt'>
        <td width="133" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:14.85pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>99.1</font></p> </td>
        <td width="505" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:14.85pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Enterprise Products Partners L.P. Analyst Presentation.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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[{"type": "8-K", "sequence": "1", "filename": "form8k_102705.htm", "description": "CURRENT REPORT", "secsgml_size_bytes": 270865}]
{"company-data": {"conformed-name": "Enterprise GP Holdings L.P.", "cik": "0001324592", "assigned-sic": "4922", "irs-number": "134297064", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32610", "film-number": "051158245"}, "business-address": {"street1": "2727 NORTH LOOP WEST", "city": "HOUSTON", "state": "TX", "zip": "77008", "phone": "7138806500"}, "mail-address": {"street1": "2727 NORTH LOOP WEST", "city": "HOUSTON", "state": "TX", "zip": "77008"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of
earliest event reported): October 27, 2005
ENTERPRISE GP HOLDINGS L.P.
(Exact name of registrant as specified in its charter)
Delaware
1-32610
13-4297064
(State or Other Jurisdiction of
Incorporation or Organization)
(Commission File Number)
(I.R.S. Employer
Identification No.)
2727 North Loop West, Houston, Texas
77008-1044
(Address of Principal Executive Offices)
(Zip Code)
Registrant's Telephone Number, including Area Code:
(713) 426-4500
Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General Instruction A.2. below):
¨
Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01.  Regulation FD Disclosure.
In accordance with General Instruction B.2 of Form 8-K, the following information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
On October 27, 2005 and October 28, 2005,
representatives of Enterprise Products GP, LLC intend to make presentations to various financial analysts regarding the growth
strategies, capital projects and financial results of Enterprise Products Partners L.P. ("Enterprise Products Partners").
A copy of the presentation is filed as Exhibit 99.1 to this report.  In addition, interested parties will be able to view the
presentation by visiting Enterprise GP Holdings L.P.'s website,
www.enterprisegp.com
.   The presentation will be archived on
our website for 90 days.
Enterprise GP Holdings L.P.
("Enterprise GP Holdings" or "EPE") is the sole member of Enterprise Products GP, LLC
("Enterprise Products GP"), which is the general partner of Enterprise Products Partners.  The primary business
purpose of Enterprise Products GP is to manage the affairs and operations of Enterprise Products Partners, a North American energy company providing a wide range of processing, storage and transportation or midstream services to producers and consumers of natural gas, natural gas liquids ("NGLs"), and crude oil, and an industry leader in the development of pipeline and other midstream infrastructure in the continental United States and deepwater Gulf of Mexico.  Enterprise Products Partners conducts substantially all of its business through a wholly owned subsidiary, Enterprise Products Operating L.P. (the "Operating Partnership").
Unless the context requires otherwise, references to "we," "us," "our," "EPD," "Enterprise Products Partners" or the "Company" within this presentation shall mean Enterprise Products Partners L.P. and its consolidated subsidiaries.
Also, "GulfTerra Merger" refers to the merger of GulfTerra Energy Partners, L.P. with a wholly owned subsidiary of Enterprise Products Partners on September 30, 2004 and the various transactions related thereto.  References to "GulfTerra" mean Enterprise GTM Holdings L.P., the successor to GulfTerra Energy Partners, L.P.  References to "GulfTerra GP" mean Enterprise GTMGP, L.L.C., which was formerly known as GulfTerra Energy Company, L.L.C., the general partner of GulfTerra Energy Partners, L.P.   Enterprise GTMGP, L.L.C. is the general partner of Enterprise GTM Holdings L.P.
Use of industry terms in presentation
As used within our presentation , the following industry terms have the following meanings:
Bcf
= billion cubic fee
Bcf/d
= billion cubic feet per day
COS
= cost-of-service
LPG
= liquefied petroleum gas
MBPD
= thousand barrels per day
MBbls
= thousand barrels
MMBbls  = million barrels
MMcf/d
= million cubic feet per day
ROW
= right-of-way easement
Use of Non-GAAP financial measures
Our presentation includes the non-generally accepted accounting principle ("non-GAAP") financial measures of gross operating margin, distributable cash flow, and EBITDA.  This current report on Form 8-K provides reconciliations of these non-GAAP financial measures to their most directly comparable historical financial measure calculated and presented in accordance with accounting principles generally accepted in the United States of America ("GAAP").  See the section titled "
Reconciliation of non-GAAP financial measures to their GAAP counterparts
" for these reconciliations.  Our non-GAAP financial measures should not be considered as alternatives to GAAP measures such as net income, operating income, cash flow from operating activities or any other GAAP measure of liquidity or financial performance.
1
Gross operating margin
.  We evaluate segment performance based on the
non-GAAP financial measure of gross operating margin.  Gross operating margin (either in total or by individual segment) is an
important performance measure of the core profitability of our
operations.  This measure forms the basis of our internal financial reporting and is used by senior management in deciding
how to allocate capital resources among business segments.  We believe that investors benefit from having access to the same
financial measures that our management uses in evaluating segment results.   The GAAP measure most directly comparable to total
segment gross operating margin is operating income.
We define total segment gross operating margin as operating income before: (1) depreciation and amortization expense; (2) operating lease expenses for which we do not have the payment obligation; (3) gains and losses on the sale of assets; and (4) general and administrative expenses.  Gross operating margin is exclusive of other income and expense transactions, provision for income taxes, minority interest, cumulative effect of changes in accounting principles and extraordinary charges.  Gross operating margin by segment is calculated by subtracting segment operating costs and expenses (net of the adjustments noted above) from segment revenues, with both segment totals before the elimination of intercompany transactions.  In accordance with GAAP, intercompany accounts and transactions are eliminated in consolidation.  Our non-GAAP financial measure of total segment gross operating margin
should not be considered as an alternative to GAAP operating income.
We include earnings from equity method unconsolidated affiliates in our measurement of segment gross operating margin.  Our equity investments with industry partners are a vital component of our business strategy.  They are a means by which we conduct our operations to align our interests with those of our customers, which may be a supplier of raw materials or a consumer of finished products.  This method of operation also enables us to achieve favorable economies of scale relative to the level of investment and business risk assumed versus what we could accomplish on a stand-alone basis.   Many of these businesses perform supporting or complementary roles to our other business operations.  As circumstances dictate, we may increase our ownership interest in equity investments, which could result in their subsequent consolidation into our operations.
For those assets that we own and consolidate, we define project gross operating margin as project operating income before depreciation and amortization expense and any allocation of indirect costs and expenses.  Project gross operating margin is exclusive of other income and expense transactions, provision for income taxes, minority interest, cumulative effect of changes in accounting principles and extraordinary charges.  Project gross operating margin is calculated by subtracting direct project operating costs and expenses (net of the adjustments noted above) from project revenues, with both project totals before the elimination of intercompany transactions.   For those assets in which we own an equity interest through a joint venture arrangement, we define project gross operating margin as our share of the earnings from such investment.  Since project gross operating margin is usually
specific to a single asset, it should not be considered as an alternative to consolidated GAAP operating income, which includes all of our operations.
Distributable cash flow
.  We define distributable cash flow as net income or loss plus: (1) depreciation and amortization expense; (2) operating lease expenses for which we do not have the payment obligation; (3) cash distributions received from unconsolidated affiliates less equity in the earnings of such unconsolidated affiliates; (4) the subtraction of sustaining capital expenditures; (5) the addition of losses or subtraction of gains relating to the sale of assets; (6) cash proceeds from the sale of assets or return of investment from unconsolidated affiliates; (7)  gains or losses on monetization of financial instruments recorded in accumulated other comprehensive income less related amortization of such amount to earnings; (8) transition support payments received from El Paso related to the GulfTerra merger and (9) the addition of losses or subtraction of
gains relating to other miscellaneous non-cash amounts affecting net income for the period.  Sustaining capital expenditures are capital expenditures (as defined by GAAP) resulting from improvements to and major renewals of existing assets.  Distributable cash flow is a significant liquidity metric used by our senior management to compare basic cash flows generated by us to the cash distributions we expect to pay our partners.  Using this metric, our management can compute the coverage ratio of estimated cash flows to planned cash distributions.
Distributable cash flow is
also an important non-GAAP financial measure for our limited partners since it serves as an indicator of our success in providing a
cash return on investment.  Specifically, this financial measure indicates to investors whether or not we are generating cash flows
at a level that can sustain or support an increase in our quarterly cash distribution.  Distributable cash flow is also a quantitative
standard used by the investment community with respect to publicly traded partnerships because the value of a partnership unit is in
part measured by its yield (which in turn is based on the amount of cash distributions a partnership pays to a unitholder).  The GAAP
measure most directly comparable to distributable cash flow is cash flows from operating activities.
2
EBITDA
.  We define EBITDA as net income or loss plus interest expense, provision for income taxes and depreciation and amortization expense.  EBITDA is commonly used as a supplemental financial measure by management and by external users of our financial statements, such as investors, commercial banks, research analysts and rating agencies, to assess: (1) the financial performance of our assets without regard to financing methods, capital structures or historical cost basis; (2) the ability of our assets to generate cash sufficient to pay interest cost and support our indebtedness; (3) our operating performance and return on capital as compared to those of other companies in the midstream energy industry, without regard to financing and capital structure; and (4) the viability of projects and the overall rates of return on alternative investment opportunities.
Because EBITDA excludes some, but not all, items that affect net income or loss and because these measures may vary among other companies, the EBITDA data presented in the press release may not be comparable to similarly titled measures of other companies.   The GAAP measure most directly comparable to EBITDA is cash flow from operating activities.
Use of capital project financial forecast data
Our presentation includes forecasts of gross operating margin for certain capital projects.  Our forecasts of project gross operating margin are based upon certain key assumptions that we and our general partner believe are reasonable; however, neither we nor Enterprise Products GP or EPE can give any assurances that such expectations will prove to be correct.  Our forecasts of project gross operating margin 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, our actual results may vary materially from those anticipated, estimated, projected or expected.   You should not put undue reliance on any forward-looking statements such as our forecasts of project gross operating margin.
The key assumptions underlying our forecasts of project gross operating margin are:  (i) throughput and processing volumes from producers and other customers will materialize in the amounts and during the periods we estimate; (ii) construction and operation of the underlying assets will not be significantly hampered by weather delays or other natural and economic forces; (iii) costs to construct and operate the underlying assets will be within expected ranges of tolerance; and (iv) project revenues will be realized on a timely basis.
We do not intend and have no obligation to publicly update or revise any forward-looking statement such as our forecast of project gross operating margin, whether as a result of new information, future events or otherwise.  Since we do not prepare GAAP financial forecasts at the project level, we are not able to provide reconciliations between project-specific gross operating margin amounts and consolidated operating income, which includes all aspects of our operations.
3
Reconciliation of non-GAAP financial measures to their GAAP counterparts
Slide 19 reconciliations of gross operating margin, EBITDA and distributable cash flow amounts
Enterprise Products Partners L.P.
Reconciliation of Unaudited GAAP Financial Measures to Our Non-GAAP Financial Measures
Distributable Cash Flow
For the Three and Nine Months Ended September 30, 2005 and 2004
($ in 000s)
For the Three Months
For the Nine Months
Ended September 30,
Ended September 30,
2005
2004
2005
2004
Reconciliation of Non-GAAP "Distributable Cash Flow" to GAAP "Net
Income" and GAAP "Cash provided by (used in) operating activities"
Net income
$     131,169
$         57,231
$      311,084
$       152,907
Adjustments to derive Distributable Cash Flow:
(add or subtract as indicated by sign of number):
Amortization in interest expense
254
1,025
(116)
2,868
Depreciation and amortization in costs and expenses
104,562
32,586
309,065
94,976
Operating lease expense paid by EPCO
528
2,273
1,584
6,820
Deferred income tax expense
1,952
3,381
5,827
6,293
Monetization of forward-starting interest rate swaps
(85,126)
19,405
Amortization of net gain from forward-starting interest rate swaps
(905)
(2,687)
Cumulative effect of change in accounting principle,
excluding minority interest portion
(8,443)
Equity in income of unconsolidated affiliates
(3,703)
(14,289)
(14,563)
(42,224)
Distributions received from unconsolidated affiliates
8,480
18,723
47,388
54,580
Provision for impairment of long-lived asset
4,016
4,016
Loss (gain) on sale of assets
611
43
(4,742)
158
Proceeds from sale of assets
953
51
43,220
110
Sustaining capital expenditures
(25,935)
(6,112)
(62,778)
(16,001)
Changes in fair market value of financial instruments
11
79
122
82
Return of investment from Cameron Highway Oil Pipeline System
related to refinancing of its project debt
47,500
GulfTerra distributable cash flow for third quarter of 2004
68,402
68,402
El Paso transition support payments
4,500
13,500
Distributable Cash Flow
222,477
82,283
694,404
343,949
Adjustments to Distributable Cash Flow to derive Cash Provided by Operating
Activities (add or subtract as indicated by sign of number):
Minority interest portion of cumulative effect of change in
accounting principle
(2,338)
Monetization of forward-starting interest rate swaps
85,126
(19,405)
Amortization of net gain from forward-starting interest rate swaps
905
2,687
Proceeds from sale of assets
(953)
(51)
(43,220)
(110)
Sustaining capital expenditures
25,935
6,112
62,778
16,001
Return of investment from Cameron Highway Oil Pipeline System
related to refinancing of its project debt
(47,500)
GulfTerra distributable cash flow for third quarter of 2004
(68,402)
(68,402)
El Paso transition support payments
(4,500)
(13,500)
Minority interest in total
861
3,149
3,186
6,847
Net effect of changes in operating accounts
(17,929)
(189,345)
(314,202)
(240,526)
Cash provided by (used in) operating activities
$      226,796
$       (81,128)
$       344,633
$         36,016
4
Enterprise Products Partners L.P.
Reconciliation of Unaudited GAAP Financial Measures to Our Non-GAAP Financial Measures
EBITDA
For the Three and Nine Months Ended September 30, 2005 and 2004
($ in 000s)
For the Three Months
For the Nine Months
Ended September 30,
Ended September 30,
2005
2004
2005
2004
Reconciliation of Non-GAAP "EBITDA" to GAAP "Net Income" and
GAAP "Cash provided by (used in) operating activities"
Net income
$       131,169
$         57,231
$       311,084
$       152,907
Additions to net income to derive EBITDA:
Interest expense (including related amortization)
60,538
32,471
170,697
96,956
Provision for taxes
3,223
662
3,958
2,706
Depreciation and amortization in costs and expenses
104,562
32,586
309,065
94,976
EBITDA
299,492
122,950
794,804
347,545
Adjustments to EBITDA to derive cash provided by operating activities
(add or subtract as indicated by sign of number):
Interest expense
(60,538)
(32,471)
(170,697)
(96,956)
Provision for income taxes
(3,223)
(662)
(3,958)
(2,706)
Cumulative effect of changes in accounting principles
(10,781)
Equity in income of unconsolidated affiliates
(3,703)
(14,289)
(14,563)
(42,224)
Amortization in interest expense
254
1,025
(116)
2,868
Deferred income tax expense
1,952
3,381
5,827
6,293
Distributions received from unconsolidated affiliates
8,480
18,723
47,388
54,580
Provision for impairment of long-lived asset
4,016
4,016
Operating lease expense paid by EPCO
528
2,273
1,584
6,820
Minority interest
861
3,149
3,186
6,847
Loss (gain) on sale of assets
611
43
(4,742)
158
Changes in fair market value of financial instruments
11
79
122
82
Net effect of changes in operating accounts
(17,929)
(189,345)
(314,202)
(240,526)
Cash provided by (used in) operating activities
$       226,796
$       (81,128)
$       344,633
$         36,016
Enterprise Products Partners L.P.
Condensed Operating Data - UNAUDITED
For the Three and Nine Months Ended September 30, 2005 and 2004
($ in 000s)
For the Three Months
For the Nine Months
Ended September 30,
Ended September 30,
2005
2004
2005
2004
Gross Operating Margin by Segment ($000s):
Offshore Pipelines & Services
$   16,922
$       721
$   62,180
$    2,577
Onshore Natural Gas Pipelines & Services
93,513
7,186
257,774
18,928
NGL Pipelines & Services
153,760
83,560
427,392
231,730
Petrochemical Services
47,621
35,522
85,559
90,731
Other, non-segment results
10,759
32,025
Total non-GAAP consolidated gross operating margin
$      311,816
$      137,748
$      832,905
$      375,991
Adjustments to reconcile non-GAAP consolidated gross operating
margin to GAAP consolidated operating income:
Depreciation and amortization in operating
costs and expenses
(103,028)
(32,439)
(304,041)
(94,674)
Operating lease expense paid by EPCO in operating
costs and expenses
(528)
(2,273)
(1,584)
(6,820)
Gain (loss) on sale of assets in operating costs and expenses
(611)
(43)
4,742
(158)
General and administrative expenses
(13,252)
(10,076)
(46,655)
(26,629)
Consolidated operating income per GAAP
$      194,397
$        92,917
$      485,367
$      247,710
5
Slide 20 reconciliation of gross operating margin amounts
For the Three Months Ended
December 31,
March 31,
June 30,
September 30,
2004
2005
2005
2005
Consolidated operating income per GAAP
$    175,284
$   165,464
$  125,506
$    194,397
Adjustments to reconcile consolidated operating income
to total consolidated gross operating margin:
Depreciation and amortization in operating costs and expenses
99,060
99,965
101,048
103,028
Retained lease expense, net in operating costs and expenses
885
528
528
528
Loss (gain) on sale of assets in operating costs and expenses
(16,059)
(5,436)
83
611
General and administrative costs
20,030
14,693
18,710
13,252
Total non-GAAP consolidated gross operating margin
$      279,200
$      275,214
$      245,875
$      311,816
Item 9.01.  Financial Statements and Exhibits.
(a)  Financial statements of businesses acquired.
Not applicable.
(b)  Pro forma financial information.
Not applicable.
(c)  Exhibits.
Exhibit No.
Description
99.1
Enterprise Products Partners L.P. Analyst Presentation.
6
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
ENTERPRISE GP HOLDINGS L.P.
By:
EPE Holdings, LLC,
its General Partner
Date: October 27, 2005
By:  ___/s/ Michael J. Knesek___
Name:
Michael J. Knesek
Title:
Senior Vice President, Controller and Principal
Accounting Officer of EPE Holdings, LLC
7
Exhibit Index
Exhibit No.
Description
99.1
Enterprise Products Partners L.P. Analyst Presentation.
8