Targa Resources Partners LP Announces 100,000 Barrel Per Day Fractionation Expansion and Anchor Commitment for New NGL Pipeline (NGLS)

Targa Resources Partners LP NGLS and DCP Midstream LLC announced today that they have entered into long-term agreements to anchor: * a 100,000 barrel per day expansion of the Partnership's majority owned Cedar Bayou Fractionator at Mont Belvieu, Texas, and  * DCP's Sandhills Pipeline, a 700-mile pipeline system to be built by DCP that will transport Y-grade natural gas liquids from natural gas processing plants in the Permian Basin and Eagle Ford Shale to CBF and the Mont Belvieu NGL hub.   The CBF expansion is anchored by a long-term, firm-capacity fractionation agreement with DCP and by increasing Y-grade NGL production from the Partnership's processing facilities in the Permian Basin. The 100,000 barrel per day expansion will be fully integrated with the Partnership's existing Gulf Coast NGL storage, terminaling and delivery infrastructure, which includes an extensive network of connections to key petrochemical and industrial customers as well as its LPG export terminal at Galena Park, Texas on the Houston Ship Channel.