News Release
July 27, 1999

TEPPCO PARTNERS, L.P. ANNOUNCES NEW PIPELINE TO EXPAND MIDWEST DELIVERY CAPABILITY

HOUSTON -- TEPPCO Partners, L.P. (NYSE:TPP) today announced plans to build a new 360-mile pipeline system from the Texas Gulf Coast to Little Rock, Ark., to meet the demand for refined petroleum products in the Midwest.

This project will expand TEPPCO’s existing Midwest pipeline system and increase delivery capability of refined petroleum products by 100,000 barrels per day. The new pipeline will extend from TEPPCO’s terminal in Beaumont, Texas, through El Dorado, Ark., to Little Rock and is scheduled to be completed in 18 to 24 months.

The expansion also will include additional storage tanks, connections to increase volumes entering the pipeline system and increased delivery capability throughout TEPPCO’s markets.

Cost and size of the pipeline will be determined as project details are finalized over the next two months.

"The requests of our shippers and the industry’s long-term forecast for increased demand for Gulf Coast-produced refined products in the Midwest supports the expansion of our system," said William L. Thacker, chairman, president and chief executive officer. "This project will provide the infrastructure needed to meet the growing demand for transportation services in our primary markets.

TEPPCO Partners, L.P. is a publicly owned master limited partnership which conducts business through two operating partnerships. 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. TCTM, L.P. is a crude oil gathering transportation, storage and marketing company operating primarily in Texas and Oklahoma. Texas Eastern Products Pipeline Company, which is a wholly owned subsidiary of Duke Energy, is the general partner of TEPPCO Partners, L. P.

Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve certain risks and uncertainties. These risks and uncertainties include, among other things, market conditions, governmental regulations and other factors discussed in TEPPCO’s filings with the Securities and Exchange Commission.

Duke Energy (NYSE:DUK) is a global energy company with more than $26 billion in assets. Headquartered in Charlotte, N.C., the company reaches into more than 50 countries, producing energy, transporting energy, marketing energy and providing energy services. In the United States, Duke Energy companies provide electric service to approximately two million customers in North Carolina and South Carolina; operate interstate pipelines that deliver natural gas to various regions of the country; and are leading marketers of electricity, natural gas and natural gas liquids. Additional information about the company is available on the Internet at: www.duke-energy.com.

Contact: William G. Nikolis
Phone: (713) 759-3861
24 Hour Phone: (704) 382-8333
Email: media_relations@duke-energy.com
Contact: Brenda J. Peters
Phone: (713) 759-3954
24 Hour Phone: (704) 382-8333
Email: media_relations@duke-energy.com