News Release
May 24, 2004

TEPPCO PARTNERS, L.P. TO BUILD NEW REFINED PRODUCTS TRUCK LOADING TERMINAL IN NORTHWESTERN LOUISIANA

HOUSTON – TEPPCO Partners, L.P. (NYSE: TPP) plans to build a new refined products truck loading terminal in Bossier City, La. The facility will include six storage tanks and a fully automated two-bay truck loading rack. The approximately $14 million project will add more than 20,000 barrels per day of refined products delivery capacity to the Northwest Louisiana and East Texas markets and is scheduled for completion in first quarter 2005.

Located near Shreveport, La., the facility will increase the delivery of branded and unbranded premium and regular gasoline, as well as low-sulfur diesel fuels, which will meet the different product specifications of both market areas.

“This project will provide the Shreveport and East Texas markets with access to Gulf Coast sourced gasoline and diesel fuel and demonstrates our commitment to providing the logistics infrastructure to support the projected demand for transportation services on the TEPPCO system,” said Thomas R. Harper, senior vice president – commercial downstream.”

The new truck bays will be designed to minimize loading times for customers and facilitate efficient handling of products. The rack will operate 24 hours a day, seven days a week and will provide access to the surrounding market areas via Interstate and major highways for delivery to the consumer. The rack can be expanded in the future to meet increased demand.

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.

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