News Release
April 16, 1999

TEPPCO PARTNERS, L.P. DECLARES QUARTERLY DISTRIBUTION

Houston, April 16 -- TEPPCO Partners, L.P. (NYSE:TPP) today declared a first-quarter cash distribution of $0.45 per unit, payable May 7, 1999, to unitholders of record on April 30, 1999.

This quarterly distribution covers the period from January 1 through March 31, 1999.

TEPPCO Partners, L.P. is a publicly owned master limited partnership which conducts business through two operating partnerships. TE Products Pipeline Company, Limited Partnership is one of the largest common carrier pipelines of refined petroleum products and liquefied petroleum gases in the United States. TCTM, L.P. is a crude oil gathering, transportation, storage and marketing company operating primarily in Texas and Oklahoma.

 

Contact: Erc W. Thode
Phone: (713) 759-3635
24 Hour Phone: (704) 382-8333
Email: media_relations@duke-energy.com
Contact: Brenda Peters
Phone: (713) 759-3954
24 Hour Phone: (704) 382-8333
Email: media_relations@duke-energy.com