News Release
February 16, 2004

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 Coshocton, Ohio. Pipeline control center personnel detected the release and the system was shut down. The pipeline was transporting propane.

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 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 50-percent interests in Seaway Crude Pipeline Company, Centennial Pipeline LLC and Mont Belvieu Storage Partners, L.P., and an undivided ownership interest in the Basin Pipeline. 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.

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.

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