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TEPPCO Partners, L.P. Announces Public Offering of Units

HOUSTON--(BUSINESS WIRE)--Sept. 3, 2008--TEPPCO Partners, L.P. (NYSE:TPP) today announced the commencement of a public offering of 7,100,000 units representing limited partner interests. TEPPCO has also granted the underwriters an option to purchase up to an additional 1,065,000 units if they sell more than 7,100,000 units in the offering. In connection with the offering, TEPPCO is also selling approximately 220,000 additional units to an affiliate of EPCO, Inc., which along with TEPPCO, is under the common control of Dan L. Duncan. TEPPCO intends to use the net proceeds from the offering to reduce borrowings outstanding under its revolving credit facility and expects to use some of the increased availability under the facility to finance capital expenditures and other growth projects.

Lehman Brothers, UBS Investment Bank, and Wachovia Securities are joint book-running managers for the offering. A copy of the preliminary prospectus supplement and related base prospectus can be obtained from the underwriters as follows:

Lehman Brothers              Bank       Wachovia Securities
c/o Broadridge, Integrated   Dept       Equity Syndicate Dept
                            299 Park
Distribution Services        Avenue     375 Park Avenue
                            New York,
1155 Long Island Avenue      NY 10171   New York, NY 10152
                            Tel: 888-   Email:
Edgewood, NY, 11717          827-7275
Email:             Tel: 800-326-5897
Fax: 631-254-7140

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the units described herein, nor shall there be any sale of these units in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement.

TEPPCO Partners, L.P., a publicly traded partnership with an enterprise value of approximately $5 billion, is a diversified energy logistics company with operations that span much of the continental United States. TEPPCO owns and operates an extensive network of assets that facilitate the movement, marketing, gathering and storage of various commodities and energy-related products. The partnership's pipeline network is comprised of approximately 12,500 miles of pipelines that gather and transport refined petroleum products, crude oil, natural gas, liquefied petroleum gases (LPGs) and natural gas liquids, including one of the largest common carrier pipelines for refined petroleum products and LPGs in the United States. Including joint venture ownership, TEPPCO's storage assets include approximately 27 million barrels of capacity for refined petroleum products and LPGs and about 14 million barrels of capacity for crude oil. TEPPCO also owns a marine business that transports refined petroleum products, crude oil, asphalt, condensate, heavy fuel oil and other heated oil products via tow boats and tank barges. For more information, visit TEPPCO's website. Texas Eastern Products Pipeline Company, LLC, the general partner of TEPPCO Partners, L.P., is owned by Enterprise GP Holdings L.P. (NYSE:EPE).

CONTACT: TEPPCO Partners, L.P., Houston
Investor Relations
Mark G. Stockard, 713-381-4707
Toll Free: 800-659-0059
Media Relations
Rick Rainey, 713-381-3635


K-1 Tax Information

The Enterprise Products Partners L.P. (EPD) 2018 tax packages are currently available online. The mailing of the tax packages will be completed by February 28, 2019.

Contact Info

Investor Relations

P.O. Box 4324

Houston, TX 77210-4324 USA

Phone: (866) 230-0745

Fax: (713) 381-8200


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EQ Shareowner Services

PO Box 64874

St Paul MN 55164-0874


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