TEPPCO PARTNERS L.P. REPORTS PIPELINE RELEASE
HOUSTON — On Feb. 15, TEPPCO Partners L.P. (NYSE:TPP), experienced a release on its 8-inch diameter pipeline near
TEPPCO emergency response crews were dispatched to the scene and are working with appropriate local, state and federal agencies to ensure the safety of the community and the reliability of the pipeline system. The pipeline will be inspected, repaired and a full investigation into the cause of the release will be conducted. A preliminary investigation of the site indicates the damage to the pipeline was caused by excavation activity.
This segment of the system serves all of the Partnership’s Northeast terminals, therefore until TEPPCO can resume product movement, operations at all terminals east of Todhunter, Ohio, with the exception of Eagle, Pa., will be suspended. TEPPCO does not expect the incident and related downtime to have a material impact on its financial results.
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
The information is this news release may contain certain forward-looking information regarding the Partnership, including projections, estimates, forecasts, plans and objectives. Although management believes that all such statements are based upon reasonable assumptions, no assurance can be given that the actual results will not differ materially from those contained in such forward-looking statements.