News Release July 17, 2000

HOUSTON — TEPPCO Partners, L.P. (NYSE:TPP) today declared a second quarter cash distribution of $0.50 per unit, payable Aug. 4, 2000, to unitholders of record on July 31, 2000. This quarterly distribution covers the period from April 1, 2000, through June 30, 2000.

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. For more information, access TEPPCO’s website at www.teppco.com.