News Release
Oct. 17, 2001

TEPPCO PARTNERS, L.P. DECLARES INCREASE IN QUARTERLY DISTRIBUTION

HOUSTON – TEPPCO Partners, L.P. (NYSE:TPP) today announced that it will increase its quarterly cash distribution to $0.575 per unit from $0.525 per unit. The distribution is payable Nov. 5, 2001, to unitholders of record on Oct. 31, 2001. The distribution covers the period from July 1, 2001 through Sept. 30, 2001. The increase raises TEPPCO’s distribution to $2.30 per unit on an annualized basis and is the 10th quarterly increase in the distribution since 1994.

"TEPPCO’s performance to date in 2001, our expectations for a solid fourth quarter and the anticipated contribution of the recent Jonah Gas Gathering System acquisition allows us to increase our distribution to the $2.30 annualized level," said William L. Thacker, chairman and chief executive officer of the general partner of TEPPCO.

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.

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