Some important news from Teppco this evening as they are changing the GP splits...reducing it from 50 to 25 percent and cap it at 25. This should be a boost to Teppco's stock price as the 25% cap reduction should allow distributions to be raised going foward. Meanwhile the distibution for the quarter is announced as well and that is unchanged from the last quarter. This statement from the press release on the GP split change.

We believe the adoption of the proposal we are submitting to the Audit and Conflicts Committee will reinvigorate TEPPCO's long-term growth prospects by lowering the cash cost of its equity capital and will more equitably align the interests of the general partner with those of the limited partners.

The motive here is to get more money to the limited partners and grow the company. Dan Duncan is doing the right thing by shareholders...i applaud him. Teppco was in a static position for the last year and has underperformed most MLPS. Look for some nice upside here IMHO. Discussion continues on the Teppco message board starting here.

MLPS were consolidating gains from the last 2 days and held up well today for the most part

Earnings and distribution news from Sunoco Logistics and there is a distribution increase for shareholders.