News Release
March 06, 2001

TEPPCO PARTNERS, L.P. ANNOUNCES SALE OF ADDITIONAL COMMON UNITS

HOUSTON – TEPPCO Partners, L.P. (NYSE:TPP) today announced Goldman, Sachs & Co. has purchased an additional 250,000 common units to cover over-allotments. The sale, which is part of TEPPCO’s equity offering that closed Feb. 6, is at the initial price to the public of $25.50, less the underwriting discount. The sale brings the total number of common units outstanding to 34.95 million.

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 gathering, transportation, storage 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, access TEPPCO’s website at www.teppco.com.

Contact: Brenda J. Peters
Phone: 713/759-3954
24 Hour Phone: n/a
Email: blpeters@teppco.com
Contact: Kathleen A. Sauve
Phone: 713/759-3635
24 Hour Phone: 704/382-8333
Email: ksauve@teppco.com