News Release
April 14, 2000

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 $0.50 per unit from $0.475 per unit. The distribution is payable May 5, 2000, to unitholders of record on April 28, 2000. The distribution covers the period from Jan. 1, 2000 through March 31, 2000.

William L. Thacker, chairman, president and chief executive officer of the general partner of TEPPCO, said, "The continued growth of TEPPCO’s business and the outlook for additional growth in earnings and cash flow lead us to believe that an increase in the distribution is appropriate at this time."

The increase raises TEPPCO’s distribution to $2.00 per unit on an annualized basis and is the eighth quarterly increase in the distribution since 1994.

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

Contact: Brenda J. Peters
Phone: 713-759-3954
24 Hour Phone: 704-594-0681
Email: media_relations@duke-energy.com
Contact: Kathleen A. Sauve
Phone: 713-759-3635
24 Hour Phone: 704-594-0681
Email: ksauve@duke-energy.com