Researched by Industrial Info Resources (Sugar Land, Texas) -- TEPPCO Partners LP (NYSE:TPP) (Houston, Texas) has reported a fourth-quarter 2008 net income of $34.7 million, down nearly 24% compared with $45.6 million in the same quarter of 2007. The majority of the company's current capital spending will go toward the completion of a refined-products storage facility in Port Arthur, Texas, President and CEO Jerry Thompson said. Industrial Info is tracking 13 active TEPPCO projects worth about $345 million as part of our North American Industrial Database.

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