TEPPCO Expects No Material Impact as a Result of SemGroup, L.P. Bankruptcy Filing

HOUSTON--(Business Wire)--
TEPPCO Partners, L.P. (NYSE:TPP) today confirmed that its
subsidiary, TEPPCO Crude Oil, LLC, is listed as one of the unsecured
creditors in the bankruptcy filing by SemGroup, L.P. and certain of
its North American subsidiaries. Through an existing netting agreement
for crude oil sold to and purchased from a subsidiary of SemGroup,
TEPPCO's credit exposure has historically been minimal. While a review
of the bankruptcy filings is still ongoing, based on historical
arrangements TEPPCO does not expect any future material impact as a
result of the SemGroup bankruptcy nor does it expect any future
material credit exposure to SemGroup. SemGroup has represented less
than 3.0 percent of the partnership's current crude oil gathering
volumes.

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
midstream 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. TEPPCO's
storage assets include approximately 27 million barrels of capacity
for refined petroleum products and LPGs and about 15 million barrels
of capacity for crude oil. TEPPCO also owns a marine business that
transports refined petroleum products, crude oil and lube products via
tow boats and tank barges that operate primarily on the United States
inland and Intracoastal Waterway systems, and in the Gulf of Mexico.
For more information, visit TEPPCO's website (www.teppco.com). Texas
Eastern Products Pipeline Company, LLC, the general partner of TEPPCO
Partners, L.P., is owned by Enterprise GP Holdings (NYSE:EPE).

This news release includes forward-looking statements. Except for
the historical information contained herein, the matters discussed in
this news release are forward-looking statements that involve certain
risks and uncertainties, such as the partnership's expectations
regarding its credit exposure to SemGroup. These risks and
uncertainties include, among other things, insufficient cash from
operations, market conditions, governmental regulations and factors
discussed in TEPPCO Partners, L.P.'s filings with the Securities and
Exchange Commission. If any of these risks or uncertainties
materializes, or should underlying assumptions prove incorrect, actual
results or outcomes may vary materially from those expected. The
partnership disclaims any intention or obligation to update publicly
or reverse such statements, whether as a result of new information,
future events or otherwise.

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

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