News Release
Dec. 05, 2001

TEPPCO PARTNERS ESTIMATES LIMITED FINANCIAL EXPOSURE TO ENRON

HOUSTON – TEPPCO Partners, L.P. (NYSE:TPP) announced that its estimated financial exposure resulting from Enron Corp.’s bankruptcy filing is approximately $6 million on a net basis. The exposure includes up to $2 million based on the difference between crude oil sales and purchases, and $4 million of natural gas liquids and crude transportation fees. TEPPCO does not believe that its ongoing exposure from Enron’s bankruptcy filing will have an overall adverse impact on the Partnership’s current and future financial strength.

TEPPCO Partners, L.P. is a publicly traded master limited partnership, which conducts business through various subsidiary operating companies. TEPPCO owns and operates one of the largest common carrier pipelines of refined petroleum products and liquefied petroleum gases in the United States; owns and operates natural gas liquid pipelines; is engaged in crude oil transportation, storage, gathering and marketing; owns a 50-percent interest in Seaway Crude Pipeline Company and an undivided ownership interest in the Rancho and Basin Pipelines; and owns and operates a natural gas gathering system. Texas Eastern Products Pipeline Company, LLC, an indirect wholly owned subsidiary of Duke Energy Field Services, LLC, is the general partner of TEPPCO Partners, L.P. For more information, visit TEPPCO’s website at www.teppco.com.

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 factors discussed in TEPPCO Partners, L.P. filings with the Securities and Exchange Commission. TEPPCO does not intend to provide additional updates on this matter, except as required by the regulations of the Securities and Exchange Commission.

Contact: Brenda J. Peters
Phone: 713/759-3954
24 Hour Phone: n/a
Email: bpeters@TEPPCO.com
Contact: Kathy Sauve
Phone: 713/759-3635
24 Hour Phone: 704/382-8333
Email: ksauve@TEPPCO.com