Colonial Enterprises, Inc. announced today it is exploring the creation of a marketing affiliate aimed at further commercializing Colonial's existing assets.

"Given the size and scale of our system, we want to examine opportunities for additional business based on optimization and market conditions," said Dan Gordon, Senior Vice President and Chief Commercial Officer of Colonial Enterprises, Inc. 

Colonial expects to continue business planning activities over the next several months related to the affiliate, including filing to create a separate business entity, talent recruitment, information technology buildout, and enhanced regulatory compliance training.

Colonial is committed to instituting robust safeguards and protocols designed to ensure compliance with the Interstate Commerce Act and other governance related to affiliates of federally regulated pipelines. Colonial Enterprises, Inc. is the parent company of Colonial Pipeline Company.