News Release
Jan. 16, 1998

TEPPCO PARTNERS, L.P.DECLARES INCREASE IN QUARTERLY DISTRIBUTION

Houston, -- TEPPCO Partners, L.P. (NYSE:TPP) today announced that it will increase its quarterly cash distribution to $0.85 per limited partner unit from $0.80 per limited partner unit. The distribution is payable February 6, 1998, to unitholders of record on January 30, 1998.

William L. Thacker, chairman, president and chief executive officer, said that the increase is the result of the continued strong performance in the partnership’s earnings and cash flow. The increase raises TEPPCO’s distribution to $3.40 per limited partner unit on an annualized basis and is the fifth quarterly increase of $0.05 per limited partner unit declared since 1994.

This quarterly distribution covers the period from October 1, 1997 through December 31, 1997.

TEPPCO Partners, L.P. is a publicly owned master limited partnership. TE Products Pipeline Company, Limited Partnership, the operating partnership, is one of the largest common carrier pipelines of refined petroleum products and liquefied petroleum gases in the United States.

Contact: Eric W. Thode
Phone: 713 759-3635
24 Hour Phone: 704 382-8333
Email: media_relations@duke-energy.com