News Release
July 21, 1998

TEPPCO PARTNERS, L.P. DECLARES TWO-FOR-ONE UNIT SPLIT

Houston -- TEPPCO Partners, L.P. (NYSE:TPP) today announced a two-for-one split of the Partnership’s outstanding units. The unit split will entitle unitholders of record at the close of business on August 10, 1998, to receive one additional unit for each unit held. Certificates for the additional units will be issued and mailed on or about August 21, 1998.

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.

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Contact: Brenda J Peters
Phone: (713) 759-3954
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Email: media_relations@duke-energy.com