News Release
Jan. 16, 2003

TEPPCO PARTNERS, L.P. DECLARES FOURTH QUARTER 2002 DISTRIBUTION

HOUSTON – TEPPCO Partners, L.P. (NYSE:TPP) today declared a fourth quarter cash distribution of $0.60 per unit, payable Feb. 7, 2003, to unitholders of record on Jan. 31, 2003. This distribution covers the period from Oct. 1, 2002, through Dec. 31, 2002.

 

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 petrochemical and natural gas liquid pipelines; is engaged in crude oil transportation, storage, gathering and marketing; owns and operates natural gas gathering systems; and owns a 50-percent interest in Seaway Crude Pipeline Company, an interest in Centennial Pipeline LLC, 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 Web site at www.teppco.com.

 

Contact: Brenda J. Peters -- Investor Relations
Phone: 713/759-3954, toll free: 800/659-0059
24 Hour Phone: n/a
Email: bjpeters@teppco.com
Contact: Kathleen a. Sauve -- Media Relations
Phone: 713/759-3635
24 Hour Phone: 704/382-8333
Email: kasauve@teppco.com