TEPPCO Receives FERC Approval for Market-Based Rates

Apr 27, 2001, 01:00 ET from TEPPCO Partners, L.P.

    HOUSTON, April 27 /PRNewswire/ -- TEPPCO Partners, L.P. (NYSE:   TPP) today
 reported that the Federal Energy Regulatory Commission (FERC) has approved the
 Partnership's settlement offer for its market-based rates application.  The
 settlement, in conjunction with the FERC's prior order, allows TEPPCO to
 charge market-based rates on its refined products movements to all locations
 on its system other than Little Rock, Ark., and Arcadia, La.
     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 natural gas liquid pipelines; is engaged in crude oil
 transportation, storage, gathering and marketing; and owns a 50-percent
 interest in Seaway Crude Pipeline Company 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 website at www.teppco.com.
 
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SOURCE TEPPCO Partners, L.P.
    HOUSTON, April 27 /PRNewswire/ -- TEPPCO Partners, L.P. (NYSE:   TPP) today
 reported that the Federal Energy Regulatory Commission (FERC) has approved the
 Partnership's settlement offer for its market-based rates application.  The
 settlement, in conjunction with the FERC's prior order, allows TEPPCO to
 charge market-based rates on its refined products movements to all locations
 on its system other than Little Rock, Ark., and Arcadia, La.
     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 natural gas liquid pipelines; is engaged in crude oil
 transportation, storage, gathering and marketing; and owns a 50-percent
 interest in Seaway Crude Pipeline Company 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 website at www.teppco.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X35361557
 
 SOURCE  TEPPCO Partners, L.P.