News Release
July 20, 2001

TEPPCO PARTNERS, L.P. DECLARES QUARTERLY DISTRIBUTION

HOUSTON – TEPPCO Partners, L.P. (NYSE:TPP) today declared a second-quarter cash distribution of $0.525 per unit, payable Aug. 6, 2001, to unitholders of record on July 31, 2001. This distribution covers the period from April 1, 2001, through June 30, 2001.

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; and owns a 50-percent interest in Seaway Crude Pipeline Company and an undivided ownership interest in the Rancho and Basin Pipelines. 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.

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CONTACTS:

Investor Relations – Brenda J. Peters
Phone: 713/759-3954

Media Relations – Kathleen A. Sauvé
Phone: 713/759-3635
24-Hour: 800/618-4370