News Release
July 18, 2000


HOUSTON – Texas Eastern Products Pipeline Company, LLC, the general partner of TEPPCO Partners, L.P., (NYSE:TPP) today announced that it has received approval from the Federal Trade Commission (FTC) to acquire the assets of ARCO Pipe Line (APL) Company. TEPPCO expects to close the transaction, valued at $318.5 million, by July 20.

"We are pleased that the FTC has approved TEPPCO’s acquisition of ARCO Pipe Line," said William L. Thacker, chairman, president, and chief executive officer of the general partner of TEPPCO. "We expect the acquisition will be accretive to both income and cash flow on an annual basis in 2001. We will integrate the two organizations to take advantage of the synergies being afforded by this transaction, while maintaining the same high quality service our customers have come to expect."

The ARCO Pipe Line assets include APL’s interest in the Seaway crude transportation pipeline from the Texas Gulf Coast to Cushing, Okla.; crude oil terminal facilities in Midland, Texas, and Cushing, including the line transfer and pumpover business at each location; an undivided ownership interest in both the Rancho Pipeline and the Basin Pipeline; and APL’s West Texas Trunk System.

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.

TEPPCO Partners, L.P. is a publicly traded 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 TEPPCOs Website at

Contact: Kathleen A. Sauvé
Phone: 713/759-3635
24 Hour Phone: 704/382-8333
Contact: Brenda J. Peters
Phone: 713/759-3954
24 Hour Phone: 704/382-8333